Does Misdemeanor Affect Credit Score?

When you borrow money, the lender will be reporting it to the credit bureau. Such information will be displayed in a 3 digit score. The bureaus don’t make public how they come up with these scores. However, they look into the amount the person owes, the repayment behavior, the duration of the person’s credit history, the different types of credit that the person uses, and the number of credit applications that the person has.

The lower your score, the riskier you come off to the lender. People with poor credit can be denied loans or lent money at sizable interest rates. On the other hand, those that have good credit standing are lent money more conveniently at a low interest rate.

A credit report will have the person’s name, date of birth, address, Social Security Number, driver license number and address. The employment will also be involved. Moreover, it will display the amount that one has borrowed and was able to repay in the past 7 years, liens and bankruptcies included. If you happen to have defaulted on a debt or missed a payment, it would reflect on the report.

A person’s income or savings will not reflect on the report, though. It would also not display your criminal record, religious beliefs, medical history or sexual orientation. That being said, a misdemeanor will not show on your credit report. It will only be displayed if a criminal background check is done. Any misdemeanor will always be shown in one’s criminal record, it can give you a hard time landing a job. Misdemeanors don’t have any bearing on one’s desire to get a mortgage or credit card, but it could pose a problem when he/she wants to rent a home.