What is bad credit?

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  The words "bad credit" conjure up such negative images, don't

What is bad credit?-第1张图片-liigo

  they? That's because those two little words aren't exactly what

  people want associated with them. When you have BAD CREDIT, you are

  almost marked when it comes to obtaining things like cars and

  homes.It's like you're wearing a sign around your neck proclaiming

  that you got into trouble with credit and now you have BAD

  CREDIT!

Related Q&A:

What is bad credit?

Well, let me tell ya. Bad credit is when your credit history shows that you haven't managed your debts and financial obligations well. It means you might have missed payments, had accounts go to collections, or had too much debt compared to your income. Oh boy, this can really cause problems when you try to get a loan, a credit card, or even rent an apartment. It makes lenders and landlords less likely to trust you and can lead to higher interest rates or even getting rejected. Yikes! So, it's super important to keep an eye on your credit and handle your finances responsibly.