Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
09: A delinquent/derogatory item is the worst status on reported accounts
Your credit file is showing an account with a payment that was at least 30 days late and/or on which a lender has reported a derogatory status. Late payments are a proven indicator of increased risk. People with late payments are at risk of being overextended, putting existing credit with lenders at risk.
What you can do:
Paying bills on time every month is important to maintaining a good credit score. If you remain behind with any payments, bring them current as soon as possible, and then make future payments on time. Over time this will have a positive impact on your score.
A HIGHER LEVEL OF CONFIDENCE
Count on the company behind ReasonCode.org for more accurate and consistent credit scores, too.