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Showing posts from December, 2022

Bad Credit Score - A Higher Chance of Rejection for Loans

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So you’ve recently applied for another loan and got rejected. The reason cited was your bad credit score. If this has happened to you, then you are not alone. According to studies, around 16% of Americans have bad credit, which equates to around 48 million people.   What exactly is a bad credit score? A FICO score below 670 is generally considered to be bad credit. You may have bad credit for a variety of reasons, including missing credit card payments or having too much debt concerning your income.   Whatever the reason, a tarnished credit score has more implications than you might think. A bad credit score will not only make it difficult to find loans with reasonable interest rates but can also lead to housing and service problems.  Your employment prospects may also suffer as a result of poor credit.   So, how do you improve your credit score?   If you're unfortunately one of the millions of Americans with bad credit and you're looking for a legal credit re