What is Bad Credit and How Can It Be Fixed

When talking about credit,

It mainly refers to the level of trust that potential lenders have that you will repay money borrowed. There are several reasons you may need to borrow money, but having bad credit makes it quite challenging. Fixing your credit score may take years but if you are really serious about it, you have a variety of options.

Defining bad credit

Any activity on your credit account is reported to one of three credit bureaus: Experian, TransUnion or Equifax. These store credit information for up to ten years. If you carry substantial revolving debt balances, skip payment due dates and ignore your accounts, your credit automatically plummets very quickly.

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