Credit report penalties can cause serious problems for your financial outlook. Each penalty listed on your credit report decreases your credit scores and indicates you are a credit risk to potential borrowers and creditors.
Author: Connie Solidad
Connie Solidad
Connie Solidad has been writing about finances and debt consolidation for years. She's an expert in the industry and writes about credit counseling and debt management options and resources. When Connie is not working, she loves playing with her two dogs in Tampa, Florida. To learn more about debt management refer to ConsolidatedCredit.org.