Negative Information

Any information that is found on a credit statement (credit report) that might cause a lender to deny a loan is known as negative information. The Fair Credit Reporting Agency has given consumers the right to challenge any negative items on their report and they have also placed a cap on the amount of time negative information can remain on the credit report. Bankruptcy can remain on a credit report for ten years, while most other negative information will stay for seven.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!