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No. Your credit rating will remain the same long after the bad credit has expired. In order to get a better credit rating, you'll have to obtain a credit card or loan of some sort. Making monthly payments and staying within the credit limit will gradually improve your credit rating over time.
What else can I help you with?
Will your bad credit from the Philippines will affect your credit rating in the US?
It depends on who you are dealing with. Visa for instance has your number no matter where you go.
Is it possible to buy a cellular phone with bad credit?
It is possible to buy a cellular phone if you have a bad credit rating. If you purchase a pay as you go phone, there will be no checks on you what soever.
If there was no credit check when you purchased a used car will it go on your credit record if it is repossessed?
Yes it will most definatly go against your credit report. A credit check is only to provide a lender with a picture of your credit history. it has nothing to do with wether or not you have good credit or bad credit in its self. wether or not you pay your bills on time and how much you owe is what determines your credit rating. if you do not pay your bills your credit rating will suffer and fewer institutions will lend to you. when they view your credit report they will see you as a bad risk.
Does it hurt your rating to cancel a paid off credit card?
No, you should always cancel them out if you have plans for them. It is viewed as a bad thing when there are more cards available to you. The more cards you have the more can can go into debt. There fore the less is better from a credit rating standpoint.
Where can one get a loan with a bad credit rating?
There are several places where someone can get a loan that has a bad credit rating. Websites such as, better loan choice, mortgage digger, and lending booth all give loans to those with bad credit.
What bank you can go to get a bad credit loan you and your wife have bad credit?
Yes, you can get Bad Credit Loan.
How long does it take for credit score to go up in rating after paying off debt?
How long does it take for credit score to go up in rating after paying off debt?
Is it possible to have a proprietary reverse mortgage with bad credit?
As with all financial endeavors, a good credit rating is critical. However, that is not to say that it is impossible to obtain a proprietary reverse mortgage with bad credit. You should first check your credit score to see where you are exactly and go from there. You may be able to find lenders that specifically tailor to those with poor credit.
Where can one go to get their credit rating score for free online?
There are various websites where one can get a free credit rating score. Some such websites are Equifax, AnnualCreditReport, Credit Karma, and myFICO.
What rates should one expect when looking for car loans for a person with bad credit?
For someone with bad credit rating, he/she can expect to get interest rates anywhere between 7 to 18% on their car loan. In some instances, the rates can go as high as 24%.
Where can a person go to get information on mortgage lenders for bad credit?
There are a few websites where one can go to get information on mortgage lenders for bad credit. Realtor have an article on how to get a mortgage with bad credit. The Bad Credit Whiz website has a list of the top 10 bad credit mortgage companies.
Are there services online to help me find my current credit score rating?
There are services online to help you find your current credit score rating. You can go to MyFico.com or www.experian.com/credit-education/basics.html.
