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Why do people have good and bad credit ratings?

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2011-10-25 13:05:44
2011-10-25 13:05:44

Credit ratings are intended to express the degree to which we can rely on people to repay their debts, based on their past history of either repaying or not repaying debts.

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Aqua credit cards can be good for people with bad credit because they offer flexible payment dates as well as manageable monthly payments. You can establish good credit history with Aqua cards that will help your overall credit rating.


Answer This is really a good question as many women have joined with men with bad credit, and seen their good credit ratings go from good, to terrible. I'd say that if possible if you haven't already signed the Mortage then perhaps you go to a notary, have an agreement drawn up that says you are half owner of the home, but don't sign the Mortage until he gets his credit ratings where they should be. If he goes down, he will take you and your good credit ratings with him. Be careful what you sign.


Reba - 2001 When Good Credit Goes Bad 1-10 is rated/received certificates of: Argentina:Atp


Mortgages for people with bad credit ratings are becoming increasingly hard to find. There are some specialist companies who offer this services, including Mortgages4BadCredit and ASAPMortgages.


People with bad credit can use pre-paid Visa cards since these do not require good credit or credit checks. Anyone can load money on to them and once it's used up they can't spend any more money.


There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.


It depends on how bad the credit and how good the job.


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.


There are some finance companies that will offer credit to people who have bad credit ratings. However caution should be taken as the interest is likely to be very high when choosing this option.


How do I get a personal loan for people with bad credit?


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.


You can find out how to get a car lease with bad credit on a website called Car Line which is reliable and suits every need in this instance. It is very good for people with bad credit.


Fox Business has a good article on their website about obtaining loans when you have a bad credit rating. It explains what steps you should take to protect yourself and get a good deal when applying for such a loan.


"payday lenders" don't tend to mind about credit ratings; neither do loan-sharks. Friends and family can be a good source. Gambling is a possibility.


The term bad mortgage is a mortgage which has a terrible interest rate or is unsuitable for the assets in question. Alternatively the term bad credit mortage is often called a sub-prime mortgage which is commonly offered to people with bad credit ratings.


Yes, there are several companies that deal in mortgages for people with bad credit. One is the FHA (Federal Housing Administration). You can also try credit unions, co-signing with a family member with better credit, or putting something up for collateral.


Yes there are companies like this. Keep in mind that you will recive significantly worse interests on your payment than you would without the bad credit rating.


Loans for people with bad credit allow people who have made financial mistakes to get their lives back on track. However, getting a loan with bad credit will be very difficult.


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The only people that get cash advance loans are people with bad credit.


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.


No, you do not have to have good credit to finance a car. There are many companies out there for those with bad credit.


yes and there are good people and there are bad people. the bad bad bad people love the Satan and the good good people love god and i am from the good people.


Fair credit..not good not bad



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