Rainy Day Credit - Reasons for bad or low credit scores on credit reports. |
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Rainy Day Credit - why bad credit scores?
Rebuilding bad credit scores can take time - up to six months or longer. But bad credit scores can hinder getting those important loans you may be seeking ( home or auto loans). So make a plan to improve bad credit scores by paying off those debts fast! Then make a plan not to get into debts that you can not pay off within a reasonable time. Staying out of debt makes for more stress free living.
Credit reports:Did you know there are 3 major credit bureaus and each of these may have different information on your credit report? Low credit scores can indicate bad credit or not credit worthy to lenders.
Top reasons for bad credit scores:
1. Paying bills late.
2. Skipping monthly payments.
3. Applying for too many credit cards.
4. Having high balances on too many credit card debts.
5. Negative comments from lenders on credit reports.
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Credit Counseling
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