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Credit rating agencies are specialized units that keep track of the credit history of business establishments and consumers. These agencies may be companies or non-profit organizations that issue various forms of debt securities. These are based on the report provided to the credit rating agencies by creditors dealing with the individual or business unit. The information input provided by the creditors consists of payment history, credit limits, balances and action taken to recover overdue debts. All the details are formatted into a credit score and collated as a credit report for the individual or the firm. A bad credit or a negative credit rating is the result of non-repayment of loans or far too much debt. Derogatory credit history sometimes requires bad credit repair.