Making sure you have a good credit score is very important. There are many ways to keep your credit score up, but the problem is when it’s too low. There are some tell-tale signs like having a markup or getting collection calls. One example is when you go a long period of time without making a payment on a credit account, the creditor may end up charging-off the debt. This usually occurs after around six missed payments and this simply means that the company does not think they are going to receive payment from you. So, for tax and accounting purposes, they have decided to cut their losses. This can make for a life of bad credit, don’t let this happen to you.
Read the full article here:
4 Things You Never Want to See on Your Credit Report