What is a negative credit report? This question is about Overview of Credit Reports & Credit Bureaus

What is a negative credit report?

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This question is about Overview of Credit Reports & Credit Bureaus

Lauren Smith, WalletHub Staff Writer

@laurenellesmith • 10/18/22 This answer was first published on 10/18/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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A negative credit report is a credit file containing derogatory entries such as late payments, charge-offs, foreclosures, repossessions, collections, bankruptcies, and high credit utilization. To determine if you have a negative credit history, you can check your credit report for free.

Negative information cannot be removed from your credit report if it is accurate, though the information will fall off your report after 7 years. If the information is incorrect, you can file a dispute with the three major credit bureaus to have it removed.

If you have a negative credit history, you can access personalized tips to improve your credit for free here at WalletHub. It is possible to transform a negative credit report into a positive one.

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What happens if you have a negative credit score?

How do I fix negative credit history?

Can a negative credit report be removed?

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