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  #1  
Unread 05-22-2009, 11:25 AM
emily.keith emily.keith is offline
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What is bad credit?

I have been hearing about bad credit and would like to know more in this regard. I know that bad credit is related to the credit scores being down and mostly the denial of financial requirements when one has a bad credit score. Can you all please tell me something more in this regard?
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  #2  
Unread 05-22-2009, 11:51 AM
Robert54 Robert54 is offline
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Bad credit is when you have low credit scores and you won
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  #3  
Unread 04-08-2010, 11:22 PM
sing sing is offline
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1.
Step 1

Pay all of your bills on time. Late payments (payments that are 30 days late or more) have a negative effect on your credit rating.
2.
Step 2

Reduce the number of credit cards you carry. Write to your creditors to request that they close your accounts and report this status change to all three credit-reporting agencies.
3.
Step 3

Avoid bankruptcies, tax liens (a lien for not paying state or federal income taxes or property taxes) and collections. A bankruptcy stays on your credit report for up to 10 years. Collection accounts and paid tax liens stay on for seven years, and unpaid tax liens will haunt you forever.
4.
Step 4

Request in writing that your creditors reduce the credit limits on your accounts to lower your amount of available credit. The total amount of available credit is considered by lenders even if you owe nothing.
5.
Step 5

Ask a family member or friend to co-sign on a small loan or credit card to help you re-establish credit. Make your payments on time.
6.
Step 6

Get a secured credit card to help reestablish your credit. You will have to keep a designated amount of money in an account that will be sufficient to cover your charges. Make payments on time.
7.
Step 7

Get a yearly copy of your credit report to catch any errors (see 'eHow to Obtain a Copy of Your Credit Report').
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  #4  
Unread 01-20-2011, 07:18 AM
Schewe Schewe is offline
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Bad credit loans are those loans obtained by people with poor credit histories or with no credit history. Even if you have bad credit, you can find companies that will loan you money, though you will often pay more because you are a higher risk borrower.

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  #5  
Unread 08-02-2011, 05:37 AM
Nicholas_B Nicholas_B is offline
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Bad credit

The term bad credit is all about your bad credit history. This is the credentials of the failings of a person unable to make payments on time. Because of these missed payments this looks extremely bad and unreliable and it makes it very difficult to borrow money from banks and lenders. You are able to get hold of your credit report if you want to be able to take back control and start to repair your bad credit with help from information online, offline and from financial advisors.
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  #6  
Unread 01-04-2012, 07:16 AM
bigdeal bigdeal is offline
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Smile

Hi,

Bad credit mean you are not in a good position to apply for credit, whether it is a credit card, personal loan, you will have limited access to money and you will be charged excess fees. Bad credit is not permanent, there are things you can do to improve your credit score. If you are having debt, start paying off your debts, continue paying your debts on time each month and over time you will see your credit score improve.

Thanks

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  #7  
Unread 03-16-2012, 01:42 PM
Jack2012 Jack2012 is offline
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Have a look at this:


it is really well explained here!!! I hope this helps.
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  #8  
Unread 09-26-2013, 03:03 PM
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moore.davidv11 moore.davidv11 is offline
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bad credit

There exists only one good reason that men and women fit in negative credit, they only could not end up being bothered to generate the right research and also help make the mandatory car finance calculations regarding his or her finances. It seems like to me that the majority of those who have charge cards get granted themselves to help fit in capture, due to the fact many they see an extra couple of 1, 000 weight as well as an extra couple of 1, 000 money, They will please don't even require a sole subsequent to help phase returning and also consider the fact that the financial institutions are going to help wish his or her money-back and also how much attention they're charging.





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Last edited by moore.davidv11 : 09-27-2013 at 04:37 AM.
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