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The Inside Story on Credit Scores


Which actions hurt the most?

The repercussions certain actions can have on your credit score vary depending on your credit history. In general, higher scores can fall further for the same action, since a lower score already reflects riskier past behavior.

Lending institutions such as Chase (JPM), Citi (C), and Bank of America (BAC) offer the best terms to those with the highest credit scores.

Here's a look at two scenarios, and how much particular negative actions can ding scores.

For someone with a 680 score, eight-year credit history:

  • Maxing out credit card: 10-30 points

  • 30-day delinquency: 60-80

  • Settling credit debt: 45-65

  • Foreclosure: 85-105

  • Bankruptcy: 130-150

For someone with a 780 score, 15-year credit history:

  • Maxing out a credit card: 25-45

  • 30-day delinquency: 90-110

  • Settling credit debt: 105-125

  • Foreclosure: 140-160

  • Bankruptcy: 220-240

Source: FICO

See also, How I Negotiated With My Collection Agency.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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