What Factors Can Negatively Affect Credit Scores? | Equifax® (2024)

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  3. What are the Most Common Factors that can Negatively Impact Credit Scores?

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Here are some common factors that may negatively impact credit scores:

  • Late or missed payments
  • Collection accounts
  • Account balances are too high
  • The balance you have on revolving accounts, such as credit cards, is too close to the credit limit
  • Your credit history is too short
  • You have too many accounts with balances

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What Factors Can Negatively Affect Credit Scores? | Equifax® (2024)
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