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a poor credit rating would be 0

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โˆ™ 2010-02-09 23:07:43
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Q: What is a poor credit rating?
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What is poor credit score rating?

520


How it is it possible to finance a car if a poor credit rating is making it difficult?

When you have poor credit rating, you might have to be prepared to pay higher down payments and maybe higher monthly dues. But be prepared in all cases to be paying higher rates because of the poor credit rating!


What is the cause of poor credit mortgage?

Often previous bad debts can have a huge impact on receiving a poor credit mortgage. It is worth having an official credit rating carried out to determine your rating, as this will also inform you as to why you have a good or bad rating.


What are the dangers of having a poor credit rating one is getting a loan?

There are very few actual dangers, however inconveniences of having a poor credit rating when one is applying for a loan are that the lower one's credit rating is, the less chance one has of gaining the loan one wants. Another inconvenience is that if one has a poor credit rating, one does not attract the more favorable interest rates that someone with a good credit rating will attract, and the amount of credit one is offered may well be a lot lower than a person with a favorable credit rating.


What is the meaning of poor credit rating?

Poor credit rating means the person has received negative feedback from lenders in his/her past. This can be because the person did not pay back his/her loans in time, or at all.


What agency downgraded the US credit rating in August?

Standard & Poor's


How can someone improve a poor credit rating?

A person's credit rating can be improved by paying off old bad debts or unpaid bills that may be affecting your credit rating. Some companies will give people with poor credit a credit card to clear all old debts and consolidate their debts into one payment.


Where can you get a loan at with bad credit?

For people requiring loans when they have a poor credit rating then they may be able to get a poor credit loan from several companies advertising poor credit loans. Sites such as Tesco Bank and Norton Finance offer loans to people with poor credit.


What companies offer refinancing for consumers with poor credit?

Deloitte will help a consumer with a poor credit rating. The company will help the consumer with poor credit get a new start. Easy Financial will loan from $500 to $5,000 to a consumer with bad credit.


How can irresponsible use of loans lead to a poor credit rating?

Credit rating is a reflection of how well an individual pays back their dues. If an individual has taken out loans and failed to pay them back on time, in full, their credit rating will reflect it.


Where can someone with a poor credit rating qualify for mortgages?

You can qualify for a mortgage with a bad or poor credit rating at your local bank or credit union. You may have to do certain things such as eliminate all other forms of debt you currently have or finding a co-signer first though.


Which companies provide credit cards for people with poor credit ratings?

Mastercard is a well-known company that offers a credit card to people with poor credit ratings. The objective is for those with poor credit to be able to strengthen their credit ratings if the card is used responsibly. Capital One and First Premier also offer credit cards to those with a poor credit rating.


How can i have bad credit when i don't own a credit card?

Your credit rating is assessed by companies on your past history of paying back money you have borrowed. People that have never borrowed money will not have a recognised rating. As far as companies are concerned this is considered a poor risk and you may be classed as having a 'bad' credit rating.


What does standards and poor ratings mean?

Standard & Poor's is a business credit rating service. The better your S&P rating is, the lower the interest rate you'll have to pay on any bonds you issue.


Which among these is a credit rating agency?

Which among these is a credit rating ?


What are the credit requirements to open an internet merchant account?

Merchant accounts are often given to individuals with no or poor credit ratings. However, the longer that you are in business and as your monthly charge volume grows, your credit rating becomes more important, and it is then important to have a good credit rating.


What does the bond credit rating assess?

Bond credit rating is used to assess the credit worthiness of a corporation or government's debt issues. A bond credit rating is similar to a credit rating that an individual person receives.


What websites offer information about home loan mortgage rate quote for people with a poor credit rating?

Examples for websites that offer information about home loan mortage rate quote for people with poor credit rating are Realtor, Mortgage Calculator and Homeguides SF-Gate.


Where can a person go for information on mortgages if they have poor credit?

A poor credit rating makes one an undesirable client at a lending agencies such as banks, therefore a mortgage broker might be the best place to start.


What is the APR for a bad credit loan?

If a customer's credit is really bad, then they may not be able to get a loan. If a customer's credit rating is poor, they may be able to get a loan at an APR of 12% - 15%.


What happens if one does not pay credit cards?

The credit card company will pursue you for the unpaid debt, usually they will get a court order which will give you a very poor credit rating for several years


What is considered a bad credit score rating?

A credit score rating is not hereditary. If your parents have bad scores, it doesn't affect you, unless they are deadbeats and applied for a loan under your social. You build your own credit score, which under 650 is generally considered poor.


What could be done about a no credit car loan?

If one has been refused credit or has a bad credit rating, car loans are still available. Sites such as Carloan 4U, Stoneacre and MoneySupermarket all have information about taking a car loan. They offer credit based on what one can afford regardless of a poor credit rating.


What is a credit ratingvgggjgggg?

A credit rating is a rating of how well a person pays their bills. If bills are paid on time the credit rating goes up.


What is the purpose of a credit rating?

The purpose of a credit rating is to determine a person's creditworthiness.