Is no credit worse than desperate credit?
As far as I am concerned Ihave no credit. I have just just this minute got a student loan, I don't know if that made my credit bad or not. How can I grasp good credit? I don't want to apply for credit cards because I heard that them checking my credit hurts my credit. Any suggestions?
Answers: Based on my professional experience of manually reviewing credit applications, and credit flash increases I would say that there's no difference between the two. In my PERSONAL opinion I would voice that "bad" credit would be worse.
Having "no" credit in certain cases is of late as bad if not wrose than unpromising credit because with "no" credit, there's no point of reference. Lenders that look at your history, simply don't enjoy anything to go by, which makes a individual with no credit history just as risky as one that would hold bad credit. A person have a better chance of getting good credit by simply space and maintaing accounts responsibly.
Having "bad" credit on the other hand, can present some challenges that can prevent them from getting credit as very well. With "bad" credit, one was able to establish credit at one time and for anything reason, managed to trash their credit.
A personality with bad credit would hold a much harder time trying to rebuild credit, but thanks to law that protect consumer credit like the FCRA(7 year rule), secured cards, and collateral loans, it provides options to abet rebuild credit
If you keep your student payments current to be exact good credit.
If you get a credit card and hold your payments current and do not use the full amount of credit on the card, say no more than 75% this is good credit.
If you take a credit card the best way to use it is to pay it bad entirely each month. Don't get more than a couple as your credit builds you will take offers from other credit card companies don't take them.
Yes bleak credit is worse. If you just got a student loan your chalk up is probably fairly low since that is the solely active acct on your credit report, however once you start making consecutive on time payments your mark will slowly increase. And yes credit inquiries do take a small hit on your score but as long as you don't travel overboard getting one or two credit cards will help you in the long run as long as they are remunerated on time and if possible try to settle up the full balance at the end of the billing length to avoid paying interest. Bad credit is worse. This means that lenders can not trust you. The best thing to do to build credit is to bring back a secured credit card. One that you put money on, use and pay off at the finish of every month. You need to establish a baseline and unfortunately this is the simply way to ensure that you will have suitable credit.
no. bad credit stays with you for years, to start establishing credit, revolving credit cards are best. JC Penney, or Sears Cards. Use them, but hang on to your balance minimal! This will greatly boost your credit. Also avoid high interest loans, and disaster to pay medical bills! IDAHOCUT, is correct, bad credit is worse, because it shows you are not responsible, and it will stay near you for 7 or more years. Where when you have no credit you can eventually establish credit.
Bad credit is worse because it doesnt go away for close to 7 years while no credit u can easily start getting credit as soon as you pay for utilities and other bills such as cable ect. I agree near mmgirl, bad credit is much worse than no credit.
I think no credit is worse.
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Answers: Based on my professional experience of manually reviewing credit applications, and credit flash increases I would say that there's no difference between the two. In my PERSONAL opinion I would voice that "bad" credit would be worse.
Having "no" credit in certain cases is of late as bad if not wrose than unpromising credit because with "no" credit, there's no point of reference. Lenders that look at your history, simply don't enjoy anything to go by, which makes a individual with no credit history just as risky as one that would hold bad credit. A person have a better chance of getting good credit by simply space and maintaing accounts responsibly.
Having "bad" credit on the other hand, can present some challenges that can prevent them from getting credit as very well. With "bad" credit, one was able to establish credit at one time and for anything reason, managed to trash their credit.
A personality with bad credit would hold a much harder time trying to rebuild credit, but thanks to law that protect consumer credit like the FCRA(7 year rule), secured cards, and collateral loans, it provides options to abet rebuild credit
If you keep your student payments current to be exact good credit.
If you get a credit card and hold your payments current and do not use the full amount of credit on the card, say no more than 75% this is good credit.
If you take a credit card the best way to use it is to pay it bad entirely each month. Don't get more than a couple as your credit builds you will take offers from other credit card companies don't take them.
Yes bleak credit is worse. If you just got a student loan your chalk up is probably fairly low since that is the solely active acct on your credit report, however once you start making consecutive on time payments your mark will slowly increase. And yes credit inquiries do take a small hit on your score but as long as you don't travel overboard getting one or two credit cards will help you in the long run as long as they are remunerated on time and if possible try to settle up the full balance at the end of the billing length to avoid paying interest. Bad credit is worse. This means that lenders can not trust you. The best thing to do to build credit is to bring back a secured credit card. One that you put money on, use and pay off at the finish of every month. You need to establish a baseline and unfortunately this is the simply way to ensure that you will have suitable credit.
no. bad credit stays with you for years, to start establishing credit, revolving credit cards are best. JC Penney, or Sears Cards. Use them, but hang on to your balance minimal! This will greatly boost your credit. Also avoid high interest loans, and disaster to pay medical bills! IDAHOCUT, is correct, bad credit is worse, because it shows you are not responsible, and it will stay near you for 7 or more years. Where when you have no credit you can eventually establish credit.
Bad credit is worse because it doesnt go away for close to 7 years while no credit u can easily start getting credit as soon as you pay for utilities and other bills such as cable ect. I agree near mmgirl, bad credit is much worse than no credit.
I think no credit is worse.