It is not a big mystery that some financial activity will drop your credit score more than other activity but you may be surprised at what hurts your credit score.
Voluntary repossession is still a repossession. Repossession of any type is considered very negative and will have a substantial impact on your credit report and credit scores.
Ultimate guide to understanding your credit reports. Get the inside scoop on how to spot errors and what items to update, correct or delete.
How to rebuild credit scores by using unsecured and secured credit cards, retail accounts and installment loans
Authorized user credit is a proven strategy to improve credit scores but there could be drawbacks depending on the primary cardholder’s credit habits.
A single late payment can tank a good credit score by 90-110 points. One late payment can remain on credit reports 7 years. It can take up to 2 years for a credit score to bounce back after a 30-day late payment.