Credit Reporting

Real Estate Agent with Bennett Realty Solutions 625668

How does your creditors report to the Credit Bureaus?


Reporting your credit varies everywhere from 30 days to 90 days depending on the creditor. Each creditor reports it differently. Contact your respective creditors and ask them how they report to the bureaus?  Below is a chart showing various negative reports on credit,and how it may impact a credit score. 




 Effect on a 680 scoreEffect on a 780 score

Maxed-out card

-10 to -30

-25 to -45

30-day late payment

-60 to -80

-90 to -110

Debt settlement

-45 to -65

-105 to -125


-85 to -105

-140 to -160


-130 to -150

-220 to -240


Posted by

Akil Walker of Exit Advance Realty

8500 Westphalia Rd 

Upper Marlboro, MD 20774










Comments (2)

Diane Williams
Pell City, AL

Akil, interesting information on the effects of late payments on your credit report.  Thanks for sharing.

Aug 01, 2010 02:59 AM
Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

I agree with Diane. Interesting information that people should know about. Thanks for sharing. Great post.

Aug 04, 2010 05:36 AM