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.
J1 visa and the 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.
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%.
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.
Yes, getting declined for a credit card can have negative consequences on your credit score and make it harder to get approved for credit in the future.
No I have really bad credit. I mean credit cards that have not been paid for years and I was given a passport.
Stay away from them
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.
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.
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.
7 years
live healthy, have hobbies, stay away from the "bad crowd"