Old Saybrook Office: 48 Main St. Unit B Old Saybrook, CT 06475
Connecticut Business Lawyer | Debtor Rights AttorneyConnecticut Business Lawyer | Debtor Rights Attorney
Connecticut Business Lawyer | Debtor Rights Attorney
A Connecticut Consumer and Small Business Law Firm
FacebookLinkedinTwitterGoogle+YouTube
(203) 533-4321
  • Home
  • About Us
  • Attorney Profile
  • Practice Areas
    • Business Law
    • Bankruptcy Law
      • Bankruptcy FAQs
    • Debtor Rights
      • Credit Card Debt
  • Education
  • Blog
  • Free Resources
  • Reviews
  • Contact Us
Menu back  
September 21, 2015Consumer Credit, Credit Reports, Hartford County Lawyers, Lindh Foster, LLC Blog

What Kind of Items Can Negatively Impact My Credit Score?

Negative credit Report ItemsAs a Hartford County, Connecticut Consumer Credit Attorney, Clients ask me: what are the typical negative items that can impact my credit score?

Well, there’s the obvious ones like bankruptcy or lawsuits being filed by your creditors against you. However, there are also some less obvious ones. The first is too many credit inquiries. This can happen when you go to purchase a car and you go to multiple dealers. They sometimes will do a credit inquiry if you indicate that you might be borrowing money to purchase the car.

In addition, there are a lot of other ones like:

  • Late payments.
  • Settling the debt for less than the full amount due.
  • Closing too many of your accounts,

Surprisingly, closing too many of your accounts can lead into a reduction of your credit score. This is because there’s a ratio of your debt to available credit and once you close a number of your credit accounts your debt to the credit available ratio goes down.

This informational blog post was brought to you by Attorney Eric L. Foster, an experienced Hartford County, Connecticut Consumer Credit Lawyer.

About the author

Lindh Foster, LLC

Connecticut Business Lawyer & Debtors Rights Attorney, Eric Foster of Lindh Foster, LLC, has been practicing law for over 25 years in Connecticut, New York and Hong Kong, China. As a Connecticut Business Lawyer, Eric Foster’s legal practice currently centers around representing small businesses and entrepreneurs, in selecting their business structure, forming their businesses, and managing their business transactions. As a former attorney at the Federal Reserve Bank of New York where he focused on the regulation of banks’ lending activities, Attorney Foster is also a passionate consumer advocate and a member of the National Association of Consumer Advocates (NACA). As a Debtor Rights Attorney, Attorney Foster enjoys advocating for and representing consumer debtors in connection with credit card, student loan and other debts they allegedly owe creditors and debt collectors.

Related posts
Bankruptcy Lawyer Middletown, CT
The Ultimate Pocket Guide to Credit Report Issues
February 8, 2017
The Steps to Remember When Forming a New Business Venture
January 16, 2017
Do I Need to Be Notified Prior to Repossession of My Vehicle?
January 10, 2017
Can a Debt Collector Call My Cell Phone?
January 2, 2017
Can I Operate a Business Under More than One Name?
Can I Operate a Business Under More than One Name?
December 12, 2016
Stop Harassing Debt Collection Calls
December 9, 2016
Foster-Avvo-Badges
video vault
Free Initial Case Assessment

We provide an initial case assessment which is conducted free of charge so we can understand your unique situation and evaluate whether our legal services might be right for you.

Contact Us

Send us a message:
client testimonials

Eric Lindh Foster Law, LLC

Eric Lindh Foster Law, LLC

Old Saybrook Office:

48 Main Street, Unit B
Old Saybrook, CT 06475

Phone Number: (203) 533-4321
Fax Number: (203) 738-1024

Hours of Operation:
Monday – Friday 9 AM – 5 PM

Resources:
  • Find a Foreclosure Lawyer in Middletown, CT
  • Who is the Top Foreclosure Lawyer in New Haven, CT
  • Top Lawyer for Bankruptcy Filing New London, CT

WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR RELIEF UNDER THE BANKRUPTCY CODE.

THIS IS AN ADVERTISEMENT. These materials have been prepared by Eric Lindh Foster Law, LLC for general informational purposes only and are not intended and should not be construed as legal advice or legal opinion on any specific facts or circumstances. Every case is unique. The information contained in this website is not intended to create, and receipt of it does not constitute, a lawyer-client relationship nor is it intended to substitute for the advice of an attorney. Website Users should not act upon this information without seeking professional legal counsel. This website constitutes Attorney Advertising.

© 2020 Eric Lindh Foster Law, LLC - All rights reserved. | Sitemap | Privacy Policy | Powered by Matador Solutions