A Poor Credit Rating Hinders Your Ability To Recieve Loans
Written by the Editor on September 28th, 2007 in Loans, Credit.
Bad credit is a poor credit rating. People with a bad credit rating have a history of late payments, skipping payments, over borrowing on credit cards or declaring bankruptcy. Poor financial management leads to bad credit. Spending habits, forgetfulness and lack of organization result in a bad credit rating. Then credit reference agencies give you a negative rating whenever you apply for a home loan or a mortgage.