Bankruptcies are legal declarations of inability to pay debts, severely damaging credit scores and remaining on reports for years.
Charge-offs occur when creditors write off unpaid debts. They severely damage credit scores by indicating a failure to repay debts.
Judgment liens are court orders allowing creditors to claim assets. They lower credit scores, signaling unpaid debts
and legal action.
Inquiries occur when lenders check your credit. Too many in a short period may slightly lower your credit score.