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What Shows up on Your Credit Report?

Do collection agencies, tax liens, or bankruptcies show up on your credit report?

These things usually show up on your credit report because you haven’t paid your bills at all. If a collection agency, tax lien, or bankruptcy appears on your credit report, insurance companies will most likely charge you higher rates.

  • Collection Agencies
    If you’re really late paying your bills or don’t pay them at all, the company or bank you owe often uses a collection agency to get the money. A "collection account" is a bill that has been turned over to a collection agency.
  • Tax Liens
    A tax lien, or lien, is when the government makes a claim against your home or property because you didn't pay your taxes. If you’re in debt and owe money to creditors, the government can get a court order to take your property and sell it to pay off your debts. Tax liens are very bad for your credit report and credit rating and stay on your credit report for 15 years.
  • Bankruptcy
    If you’ve filed for bankruptcy in the past 10 years, it will appear on your credit report. There are two common types of bankruptcy.

How recent are your credit problems?

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