NEGATIVE ITEM SCORE DECREASE

1. 
   Late payment up to 110 points

   First off, it depends on how late you are on yo.r payment. If you missed your payment by just a day or two, you probably do not have anything to worry about. Most lenders do not report missed payments until the account is 30 days past due.
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2. 
   Debt settlement up to 125 points

   Any payment status other than “paid in full” or “paid as agreed” can damage your credit because you are not paying your full balance as required by the terms of the contract or as agreed. So yes, debt settlement will have a negative impact on your credit.
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3. 
   Foreclosure up to 160 points

   Foreclosure, short sale or deed-in-lieu will drop your credit score. Just like debt settlement, anytime you have a loan that is not “paid in full” or “paid as agreed,” your credit will be negatively impacted and your score will have a significant drop.
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4. 
   Bankruptcy up to 240 points

   Not only will bankruptcy have a negative impact on your credit score , it can stay on your credit report for up to 10 years. Bankruptcy is another scenario of a loan(s) that have not been “paid in full” or “paid as agreed.
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5. 
   Collection up to 110 points

   If you have neglected paying your bills or a creditor has mistakenly reported that you have, there are things that you should know. Although, an account in collections is not a great scenario, it is one of the better scenarios.
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6. 
   Hard inquiry up to 15 points
   

   Hard inquiries can also reduce your credit score. Hard inquiries indicate that you are looking to buy something such as a car or home. However, multiple hard inquiries from the same lender in a short amount of time should not affect your credit score.
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