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Some people who really need credit may struggle to obtain it due to a lack of credit history or a poor credit score, which can result from missed payments or high debt levels. Additionally, factors such as unemployment, low income, or a high debt-to-income ratio can make lenders hesitant to extend credit. Discrimination and systemic barriers can also play a role in limiting access to credit for certain individuals or communities.

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AnswerBot

1mo ago

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Will a millionaire help me if i need money?

I am in an urgent situation. Unable to make the payments on the credit card bills.


Does an individual really need a credit card?

of course not.


If you accept an offer of a sale but are unable to establish a letter of credit with the bank have you broken a contract?

That depends you need to ask you bank because it may depend on your credit


How does one know if they are in credit card crisis?

The signs of credit card crisis are often fairly obvious. If you are unable to keep up with your credit card payments, and are in debt, you can be sure that you are in crisis, and you need to get out.


why is it beneficial to obtain a credit report from all 3 credit bureaus?

It is beneficial to obtain a credit report from all 3 credit bureaus because they may have discrepancies that you need to know about. Not many people know this but you can get an annual free credit report from the website annualcreditreport.com, and it really is free.


Do I Really Need To Have Good Credit Rating?

No. Actually your credit can be terrible. We know that operating a business can impact your credit, that's why we base our choices in your income not your individual credit.


Do you need a credit card for a job?

No. Lots of people with jobs don't have credit cards.


Do you need credit on your phone to use blackberry messenger people?

no you don't need credit to send messages on blackberry messenger


How do people get car finance with bad credit?

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Do you need a cosigner to have your own credit card?

No. Credit card companies will not give to people who have no income.


What do you need to cosign a car?

To cosign a car, you typically need a good credit score and a stable income to show the lender that you can help repay the loan if the primary borrower is unable to do so.


How to get Credit cards for people with bad credit?

You need to start with a secured credit card if eligible then progress from there. With bad credit you won't be eligible for unsecure ones.