Many factors can reflect poorly on your credit trustworthiness, including at least one that is not your fault: identity theft. Identity thieves can open new accounts in your name, accrue significant debt, and, of course, fail to pay back these debts. Since it can be difficult to fix your credit score by yourself, it is advisable to seek counsel from a credit lawyer in Fairfax if you have been the victim of identity theft. A credit lawyer at a consumer credit law firm can advise you and help you restore your credit history.
Aside from identity theft, there are four main things that can adversely affect your credit score. You can hear about them by watching this video, which features a personal finance reporter. She explains the two most significant problems for a person’s credit score and debunks a common myth regarding closing your credit card accounts.