What is bad credit?

**custronadems** · 05-22-2009 07:05 AM

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?

**WebHoster** · 05-22-2009 10:21 AM

Bad credit is when you have low credit scores and you won’t get the financial requirements that you seek for your business or home. This is something used to describe a poor credit rating. Declaring bankruptcy, skipping payments and more of such activities can damage a credit rating. There are services available for credit repair that can help you.

**seopositive2** · 05-23-2009 02:59 AM

yes Webhoster you are right and it will occur when poor rating made.

**frdsmth9** · 05-24-2009 01:55 AM

Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy.

**myfayt** · 05-24-2009 10:48 AM

Under 500 credit score is considered bad credit

**chuff1026** · 05-24-2009 05:10 PM

no
under 500 credit score is HORRIBLE
right now, most banks won't touch you with under 650

**Poconomp3** · 05-24-2009 07:45 PM

Scores are so messed up anymore. 520+ will still get you a car loan, but below that, you might as well buy anything with cash. There are some cards out there that will help you rebuild though.

**jonathanfigaro** · 07-04-2009 05:08 PM

If you don't pay your bills on time and you keep getting threatening letter...then you got bad credit homie!

**camlin** · 12-03-2009 08:24 AM

Sorry,
I don't have enough knowledge about this matter.
i just suggest you should take help of any experience person or you also take help of search engine to find it.
Best of Luck

**JayZSoho** · 12-03-2009 08:39 AM

Bad credit is caused by a few things: paying a bill late, carrying too much debt (i.e. using a high percentage of your allotted credit line on credit cards, or having too many debt payments in comparison with your net income), etc. A great way to build credit is paying off credit card balances in full and paying all bills on time each month.