It will not affect your financial status. However, if you are dependent on their being on time with their share of the rent payments, chances are good that you will be stiffed at some point. If you are married, the bad rating will affect your ability to borrow money as well as the rates you are offered.
If someone wanted to improve their credit rating there are a variety of places where someone can do so. Some of these ways are for the individual to check their credit files.
There are various websites where one can get a free credit rating score. Some such websites are Equifax, AnnualCreditReport, Credit Karma, and myFICO.
Personal credit is separate from business credit. However, some legal structures capture personal bankruptcy history in the D&B report which may have an impact on D&B scores and ratings.
A person's credit rating can be improved by paying off old bad debts or unpaid bills that may be affecting your credit rating. Some companies will give people with poor credit a credit card to clear all old debts and consolidate their debts into one payment.
Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.
It will not affect your financial status. However, if you are dependent on their being on time with their share of the rent payments, chances are good that you will be stiffed at some point. If you are married, the bad rating will affect your ability to borrow money as well as the rates you are offered.
No. Your credit rating will remain the same long after the bad credit has expired. In order to get a better credit rating, you'll have to obtain a credit card or loan of some sort. Making monthly payments and staying within the credit limit will gradually improve your credit rating over time.
If someone wanted to improve their credit rating there are a variety of places where someone can do so. Some of these ways are for the individual to check their credit files.
There are various websites where one can get a free credit rating score. Some such websites are Equifax, AnnualCreditReport, Credit Karma, and myFICO.
It depends on your situation like credit needs and credit rating. There are some introductory credit cards along with some credit cards for special rewards.
Personal credit is separate from business credit. However, some legal structures capture personal bankruptcy history in the D&B report which may have an impact on D&B scores and ratings.
A person's credit rating can be improved by paying off old bad debts or unpaid bills that may be affecting your credit rating. Some companies will give people with poor credit a credit card to clear all old debts and consolidate their debts into one payment.
You must have some sort of valid credit rating in order to get the mortgage to begin with (unless you went through one of those "last chance" guys that charge 25% on the principal) and as long as you don't default on any payments your credit rating can only go up. The rating is a reflection of your ability to pay off debt. Getting a mortgage will affect any future amounts you may wish to borrow only in regard as to the amount. You can only carry so much debt based on your income, regardless of how fabulous your credit rating may be.
There are a number of websites one can use to check one's credit rating for free. Some of these sites include 'Experian', 'Privacy Guard' and 'Credit Karma'.
There are some simple ways to improve your credit rating. One such way is to pay any outstanding debts that you may have. Another is to budget your expenses more carefully.
USA's credit rating according to S&P (August 5th, 2012) is AA+. For a while the US had an AAA rating, but it has dropped due to rising debts. This isn't as bad as some European countries' though.