– Missed payments.
– Insolvency.
– Applying for too much credit.
– Credit transfers.
– Debt collections.
– Hardship applications.
– Payday loan and quick finance applications
– No credit: This can have the same negative impact as having bad credit.
– Defaulting on payments: A default is where a payment over $125 is overdue by more than 30 days and the lender has tried to recover the money. This stays on your credit record even if you repay the amount in full.