0
Having bad credit could disable an individual from buying a house or car. Bad credit is usually restrictive on larger purchases that require borrowing money to obtain the item.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
When a Canadian moves to the U.S. their credit history in Canada is irrelevant. They will have no credit in the U.S. though, which can be worse than having bad credit. hi
Does Bad Credit effect getting a US Visa?
J1 visa and the bad credit
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 having no credit the same as having bad credit?
no, it is a thin file and will show as a 0, bad credit will show a score of 350-less than 600
How to obtain a mortgage with bad credit?
If you have a bad credit rating, you will have to pay a higher interest rate. This will be like a penalty for having bad credit.
What credit cards can be applied for with bad credit?
Having bad credit a person limits themselves greatly on what credit cards they can have. The only card offered to people with bad credit is the Premier Bank MasterCard.
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.
Do you need to have good credit?
It would be better than having bad credit.
How do I get a home loan if I have bad credit?
You can apply through banks and financial services despite having bad credit
How does a bad credit loan affect a person?
Having a bad credit loan negatively affects a person in many ways. Having bad credit enables a person from being able to obtain other loans including those having to do with home financing, vehicle financing, etc.
How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?
It has the same effect on the credit.
Is it possible to get a loan with bad credit?
Some agencies will accept high risk people with bad credit to receive a loan. It is still possible to receive a loan despite having bad credit.
