Common Reasons Why People Have Bad Credit

Do you know the common reasons why people have bad credit?

Here are some common causes of bad credit:

  • missed payments

  • high credit card balances

  • too many credit applications

  • defaults on loans

But don't worry, it's never too late to turn things around. If you find yourself struggling with any of these issues; take control of your finances, make a plan to pay off debts, and stay on top of payments.

Remember, your credit score can impact your ability to secure loans, rent an apartment, and even get a job. So take the steps today to improve your financial health!

Source: https://www.newhorizon.org/credit-info/bad-credit-blues-a-practical-guide-to-interacting-with-lenders

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