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Credit is good because it allows businesses and countries to finance current projects and pay in the future.
Credit is also good because it allows working families to get a mortgage and pay for their house over a number of years.
Credit is bad when it is used for greed i.e. companies that charge too much interest. Or when it blinds people into buying things that they could have saved for, like shoes or a holiday.
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∙ 12y ago
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Can you get a home loan with bad credit but a good job?
It depends on how bad the credit and how good the job.
If someone with great credit co signs for some with bad credit does it help the person with bad credit?
The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.
Is 699 credit score good or bad?
Good
What is a credit score of 642 mean?
Fair credit..not good not bad
Is it good to have a loan when you have bad credit?
It will be hard to get a loan when you have bad credit. However, if you already have a loan and have bad credit on other things such as credit cards, then keeping your payments current on your loan can help improve your bad credit over time.
Can you get a home loan with bad credit but a good job?
It depends on how bad the credit and how good the job.
If someone with great credit co signs for some with bad credit does it help the person with bad credit?
The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.
You need good credit to lease a vehicle?
People with bad credit will have more difficulty leasing a vehicle. Different lenders have different criteria for what is good credit and what is bad credit.
How can you clear bad credit for good?
You can clear bad credit for good buy paying rent or car payments on time. You need to do this consistently for a few months to insure the clearing of bad credit.
Is 699 credit score good or bad?
Good
Does your credit have to be good to be financed for a car?
No, you do not have to have good credit to finance a car. There are many companies out there for those with bad credit.
What is a credit score of 642 mean?
Fair credit..not good not bad
Is it good to have a loan when you have bad credit?
It will be hard to get a loan when you have bad credit. However, if you already have a loan and have bad credit on other things such as credit cards, then keeping your payments current on your loan can help improve your bad credit over time.
Is a 612 a good credit score?
Not good nor bad
How can credit cards accumulate bad credit?
If you keep maxing out your credit card and spending unwisely this is a good way for your credit card to accumulate bad credit. Another irresponsible behavior that will show bad credit is by not paying your bills on time.
Is no credit worse than bad credit?
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.
Is a credit score of 1100 good or bad?
Its good. My credit score is the same. I get approved for a lot of things.
