Your credit history can
help you make large purchases (like a new home or townhome!), open new credit
accounts and help with ID theft protection. However, most people have questions
concerning the negatives on their credit history usually when they are
considering making a big purchase such as a new home or car.
In the article, “How long does information stay on my credit report?” the experts at the Equifax Finance Blog have mapped out
exactly what consumers can expect when they have negatives on their credit
report.
Starting with the basic
question of, “what is a credit score?” consumers should be aware that all of the information
rolled into your credit score comes from the reports that lenders have sent to
the three credit reporting agencies, from public records and from collection
agencies. Together these make up your credit score.
