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Live within your means. The simple rule is don't buy more than you can pay for. If you take out a loan, and a credit card can be a type of loan, make sure all your payments are made on time. If you pay off the credit card every month, you will develop a good credit rating.
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Does Bad Credit effect getting a US Visa?
J1 visa and the bad credit
Where can I find more information on getting a mortgage with bad credit?
Check out this article about getting a motgage with bad credit... http://www.finweb.com/mortgage/need-a-mortgage-but-have-bad-credit.html You can learn more about getting a mortgage with bad credit, by visiting www.fha.gov, www.hud.gov, and www.mortgageloansbadcredit.com.
What is the usual interest on a credit card for people with bad credit?
A general rule is: If the APR is higher than 30%, stay away. Credit Unions are a good option. Federal credit unions are prohibited from charging interest rates higher than 18%.
What does auto financing for bad credit exactly mean?
Auto financing for bad credit means getting a loan for a car when one has bad credit. There are companies that specialize in giving loans to those with bad credit ratings.
How do you leave bad habits?
Stay away from them
Can bad credit effect getting a US passport?
No I have really bad credit. I mean credit cards that have not been paid for years and I was given a passport.
How does one receive bad credit for a bank loan?
One generally doesn't receive bad credit for getting a bank loan. A bank loan can be denied though, if one has bad credit. Bad credit can occur if one does not pay credit card bills on time.
How long does bad debit stay with your credit?
It depends on your situation but a foreclosure for example will normally cause you to have bad credit for 7 years. Most of the time bad debit will stay with you 7 years, but may sometimes remain with you for as long as 11 years.
How can you stay drug-free?
live healthy, have hobbies, stay away from the "bad crowd"
Is no credit bad credit?
In the eyes of some lenders, yes. I had trouble getting a car loan last year because I had no credit. One lender told me that no credit is often viewed the same way as bad credit.
When does your bad credit go away if you are not able to repay it?
7 years
What does a loan for people with bad credit do for people?
Loans for people with bad credit allow people who have made financial mistakes to get their lives back on track. However, getting a loan with bad credit will be very difficult.
