Good/Bad Credit

Discussion in 'Credit Talk' started by Renee, Jun 5, 2000.

  1. Renee

    Renee Guest

    I'm trying to draw a picture on how bad my credit actually is:
    I know that "excellent" credit means that you pay all of your bills on time everytime. But what are the differences between "blemished/bad/horrible" credit? What are some worst case scenarios?
  2. Shane

    Shane Guest

    Well it really depends on the situation theya ll give a numerical score which actually determines how they feel about you
    Please email me for more info
  3. fasman47@a

    fasman47@a Guest

    Hope that helped
  4. RichGuy

    RichGuy Guest

    I have a theory that all bad credit is horrible in the short run. A single late payment last month could ruin your credit card application this month. The big difference is how long it takes to get over different bad credit events. The classic example would be bankruptcy, which sticks to you like a spider web for 10 years. Minor events tend to get forgotten by new creditors after 2 or 3 years. Multiple events also take longer to evaporate than single events. Any takers for this theory?

Share This Page