Bangalore: What does your credit report say about your credit score? Excellent, good, fair, uncertain or poor; Whatever it is, but you always aspire to keep your credit score as high as 700-850.You may think making timely payments of your bills and not letting your debt liabilities grow will give you better credit score. To your surprise there are six small things which can make your credit score suffer more than it should, as reported by Jason Steele from Investopedia.com.

Small Unpaid Private Debts

You usually never forget paying all your mortgage, credit card and utility bills on time, but ignore smaller debts. You don’t consider these debts are important to be paid off and just think by making unnecessary delays in their payments, they would vanish in the air. Infact these unpaid debts don’t go away anywhere and result in bringing your credit score down. As municipalities are known to report about your unpaid parking tickets and even library fines to credit bureaus.

Tax Liens

It may be possible that you never knew the fact about the Indian revenue service (IRS) giving reports to credit bureaus. Whenever you make defaults in paying your tax, it eventually results in tax lien. Tax lien will probe the tax authority to legally seize your assets such as bank accounts, investment accounts, automobiles and real property against the unpaid tax charges. The fact about your Tax lien will remain in your credit history for 15 years, would certainly weigh down your credit score. You should remember that a poor credit score will not look good in the eyes of the lending institution and eventually they would refuse to lend you any money.