Derogatory Marks :
These can be the ultimate weight on your shoulder if you can’t stay on track with payments or utilizing your finances responsibly. These marks stay on your credit report anywhere between 7-10 years !! Coming back from a minor mistake like this can be struggling for years to come if you don’t stay on top of everything you have acquired.
This is kind of self explanatory as well, any late payments, repossessions, bankruptcy, etc. will dramatically affect your score and you can have a long road ahead to remove the marks from your credit report.
STAY CLEAR OF THIS!
These can be a 50+ hit to your credit and huge red flag for lenders looking to accept you for whatever you are applying for.