Bad Credit Blog
Welcome to the #1 Bad Credit Blog, you'll find heaps of information on different types of bad credit loans. Tips, tricks and guide to getting bad credit finance. Best of all you'll find tips here that will give you the tools to get out of bad credit.
July 18, 2019
Getting a secured credit card is typically the first step to building credit. Aside from introducing first-time users to the concept of credit, it also builds their credit score with responsible use. As they use the card without getting close to its spending limit and make on-time payments, their activities are reported to the credit bureaus. Over time, their creditworthiness is established.
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July 16, 2019
It takes a long time to build good credit, but a short one to ruin it. One or two late payments on your monthly loan obligation or a simple swipe on your credit card can significantly damage your credit score. To keep your credit profile stellar and your credit score high, avoid these five habits.
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July 12, 2019
Job loss, especially if unexpected, is a very stressful experience. It often equates to losing your source of income and access to the medical, fringe, and other employee benefits that you used to enjoy. Unemployment also puts a strain on your finances and causes money problems. During these trying times, it’s tempting to make hasty […]
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July 9, 2019
Bankruptcy not only leads to bad credit but also stays on your credit profile for seven to ten years. It severely damages your credit score and prevents you from getting approved for future financing. Thus, it’s financially smarter to look for alternative solutions to pay off debts instead of filing for bankruptcy. Check out these ways that can help you prevent bankruptcy from being your last financial option.
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July 5, 2019
A credit report reflects your creditworthiness and affects your borrowing power. The more outstanding your credit report is, the easier it will become for you to get approved for loans at low interest rates and favourable terms. If you have a bad credit report, however, it's not yet the end of the road for you. Read this article to learn how to fix your bad credit report now.
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July 2, 2019
A bad credit loan is typically your last financing resort if you have a poor credit score. For an interest rate that’s higher than standard consumer loans, it lends you money even though you have a history of debt mismanagement and are likely to mess up your loan obligation yet again. On the other hand, […]
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June 28, 2019
The length of time it takes to fix your bad credit score depends on the severity of debt mismanagement and how gravely they’ve damaged your score. Sometimes, it not only takes months but years to rebuild creditworthiness. The sooner you start fixing your bad credit score, the sooner you can rebuild and improve your credit […]
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June 25, 2019
Can’t get approved for a loan because of your bad credit rating? It’s always bound to happen because “bad credit” is a red flag for lenders. It says that you have been irresponsible with your money and debt obligations in the past. It also warns them that you’re likely to default on the repayments. How […]
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June 21, 2019
Whether it’s due to buyer’s remorse or being upside down on your loan, nothing can be more exasperating than having a bad car loan. It hurts your finances and brings financial worries that quickly saps all your energy. How did you even get yourself in such a mess? Things started well, or so you thought. […]
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June 18, 2019
Bad credit is not the only reason for loan rejection. Lenders can also turn you down if you have an insufficient credit history. An insufficient credit history means having none or not enough record in the credit reporting bureaus to generate a credit score. This happens when you have not used a credit card or […]
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