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A bankruptcy stays on your credit report for 10 years and you may have to answer about it for the rest of your life. Who knows what effect it has on your credit score? Companies that lend money. Only when you apply for credit after bankruptcy will you know the full detrimental effect.
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What factors can negatively affect your credit score?
Factors that can negatively affect your credit score include late payments, high credit card balances, applying for multiple new credit accounts, and having a history of bankruptcy or foreclosure.
Does closing a cedit card by the consumer affect their credit negatively?
Closing an account will affect your credit score and decrease your score.
Will a chargeback effect fica score?
If you have a chargeback, that is a credit to your account. This will not affect your credit score negatively or positively.
Do subsidized loans affect credit?
Subsidized loans will affect your credit score negatively if you are not paying them. If you are paying them, they will have a positive effect on your score.
Does opening a checking account negatively impact your credit score?
No, opening a checking account does not negatively impact your credit score. Checking accounts are not reported to credit bureaus, so they do not affect your credit score in any way.
