Six Bad Credit items that you need to avoid

It is quite easy to have a mishap in terms of your credit but banks,creditors and lenders all use your credit report as a indication of your finacial standing. Mistakes and situations arise daily. Here is a list of items you should hope to never grace your report. Delays in repairing your credit could cost you thousands that could be saved for your retirement,your child's tutition, or that vacation you have always wanted. 1. banruptcy 2.Debt collections 3.Foreclosure 4.Charge-offs 5.Lawsuits 6.Tax liens.Each of the accounts reported on your file typically stays on your credit report for 7 to 10 years.