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Not having a credit history is better than having a bad credit history. Bad credit is very bad... No credit is good. you are now ready to apply for credit. Start small, like a department store credit card. You must establish credit and use it in order to get a credit rating.
The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.
yes; now most of the banks are stable; i.e. the have overcome the credit crisis;
The signs of credit card crisis are often fairly obvious. If you are unable to keep up with your credit card payments, and are in debt, you can be sure that you are in crisis, and you need to get out.
The Crisis of Credit Visualized - 2009 was released on: USA: 2009
Credit crisis is also commonly known as "credit crunch" which is a situation in which there is a short supply of money to provide to businesses and consumers and interest values are high-pitched. At "investopedia" there is ample information about credit crisis.
You will understand that the United States government has acted as much as it could to lessen the credit crisis. You will also know that the United States government has had a limited impact on actually reversing the credit crisis.
Banks are very strict right now on who they will give credit to. If you have pretty bad credit they will probably not give out a home loan unless you have a cosignor.
"US credit crisis starts because too many people are in debt, including the US itself. Credit is sometimes easly obtained but hard to repay."
The words "bad credit" conjure up such negative images, don't 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!
When leaving the country as much as possible one must have a good standing credit. 0 cards mean bad credit score, which happens to anyone who are stuck in financial crisis due to unpaid credit card debts.
Some companies that give instant loans to people who have bad credit are Credit Now USA, Avant Credit, and Loan Max. These companies give loans to those with bad credit or no references.