Declined Due To Credit?
If you are being knocked back due to bad credit, things aren’t going to get any easier or better until it is repaired. Did you know that bad credit can affect borrowers beyond the denial of a loan?
Other things Bad Credit can have an effect on include:
Getting a job – Some employers have started reviewing potential employees credit history
Insurance – Certain companies may provide a discount to those with a good credit history or higher premiums
Renting a home – Those with a bad credit history can find it hard to rent a home/unit, especially when going up against a person with good credit.
Purchases – Getting a contract for a mobile, gym membership, store card, etc can be difficult
Unfavorable terms on credit – If you do qualify for credit, the terms attached to them will be strict and come with excessive fees and interest rates…often time putting the borrower in a worst position.
If you are reviewing this page, there is a high probability that credit is an issue and the sooner it is addressed the better. Putting it off will only continue the negative aspects of having impaired credit.
Learn more about credit and recent changes to credit law which were implemented on March 12, 2014 – Read more