Of Derogatory Items, DOLA, DOFD and Better Credit Reports

Of Derogatory Items, DOLA, DOFD and Better Credit Reports Negative Items on your Credit Report Your credit report may only just be a piece of paper but it can have a lot of impact on many aspects in your life. You’d have a difficult time getting a housing... More

Of Derogatory Items, DOLA, DOFD and Better Credit Reports Negative Items on your Credit Report Your credit report may only just be a piece of paper but it can have a lot of impact on many aspects in your life. You’d have a difficult time getting a housing loan or mortgage at competitive interest rates if your credit report is in shambles. The same goes for a car loan, a credit card application, or even renting a house. It can even negatively impact your job application. Because of this, it’s important to consistently strive for better credit by avoiding the acts that can damage your credit report and lower your credit score. By monitoring your credit report regularly, you become aware if you have these derogatory listings and can verify if these are indeed yours or if there was an error made. The negative or bad information can get into your credit report when creditors or collection agencies report such to the credit bureau. However, they can only remain in your credit report f Less