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.

Bad Credit Loan or Credit Card: Which One Should You Get?

August 21, 2019
Want to borrow money for expenses you can’t afford but stuck with a bad credit record? A bad credit loan and a credit card can both help you pay for expenses that you can’t afford. However, each has different features and payment fees that may or may not be ideal for your financial situation. Find out which one is more advantageous for you in this article.
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How to Get Approved for Short-Term Bad Credit Loans

August 7, 2019
One of the surefire ways to get financing despite having a bad credit history is securing bad credit loans. This type of debt financing helps you get funds fast even with a poor credit background and with little documentation. Bad credit loan lenders usually offer a limited amount of money that’s payable within an agreed period. The repayment can be long-term, which lasts for three years or more, or short-term, which is around less than a year or two.
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What Are Credit Bureaus and How Do They Affect Your Loan Application?

August 2, 2019
Credit bureaus develop your credit report, which greatly influences your creditworthiness and borrowing power. Although they cannot approve or deny your loan application, the data they present in your credit report is used by lenders as a basis for granting or denying you the funds you need. The report also influences your loan interest rate and terms, if you're approved for financing.
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How a Credit Card Affects Your Credit Score

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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5 Habits that Ruin Your Credit Score

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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6 Smart Ways to Prevent Bankruptcy

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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How to Fix Your Bad Credit Report

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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How Long Does It Take to Fix a Bad Credit?

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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What Are the Causes of Bad Credit Rating?

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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What Are My Options If I Have An Insufficient Credit History?

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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