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Old 05-22-2009, 06:05 AM   #1 (permalink)
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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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Old 05-22-2009, 09:21 AM   #2 (permalink)
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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.
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Old 05-23-2009, 01:59 AM   #3 (permalink)
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yes Webhoster you are right and it will occur when poor rating made.
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Old 05-24-2009, 12:55 AM   #4 (permalink)
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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.
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Old 05-24-2009, 09:48 AM   #5 (permalink)
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Under 500 credit score is considered bad credit
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Old 05-24-2009, 04:10 PM   #6 (permalink)
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no
under 500 credit score is HORRIBLE
right now, most banks won't touch you with under 650
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Old 05-24-2009, 06:45 PM   #7 (permalink)
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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.
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Old 07-04-2009, 04:08 PM   #8 (permalink)
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If you don't pay your bills on time and you keep getting threatening letter...then you got bad credit homie!
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