Not one of us is without some sort of understanding of how a bad mark on a credit report can negatively affect our credit standing. For some it’s definitely worse than it is for others, but we all fall into one of just a few categories. We are either Mr. or Mrs. perfect or almost perfect, OR we have some bad marks, but we can still get a decent loan on a house or car, or we have such bad credit that when we try and get a loan we get laughed at.