With today’s world, credit cost more than money? So many people say that credit can cause many problems. It does and causes debt. However, you can avoid credit problems easy with watching what you do and getting what you can afford. Please read my 7 reasons to avoid credit problems...
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They Take Your House
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Photo Credit: coy_120
Creditors go for the goods! They can take your home if you have outstanding debt. It isn’t against the law to take your home for the price you owe. However, there are rules they have to follow. You need to watch what you sign with certain credit cards, loans or mortgages.
Fall into Bad Credit Status
With bad credit, you can’t get no loans or any help finding a home loan. You will have to stick to the advance pay here type loans and bad credit loaners that cause debt. Falling into this status is a bad idea.
Frequently asked questions
Constant Creditor Calls
If you owe money, you may get collector calls all the time. You won’t be able to hide your phone number, because they know it. You might be able to change your number, but it won’t work. However, the point is, they can be pushy and annoying. They call at all hours of the morning and night.
Bad Credit Can’t Rent Here
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Photo Credit: mkosut
Renting or even getting an apartment needs credit approval. Today, most apartments won’t rent to people with bad credit. Some homeowners won’t even allow bad credit status to be in their home. They want to make sure they will pay at all times. Kind of lame isn’t it?
Can’t Get Your Dream Car
You won’t be able to get your dream car. You won’t even make it past the loan department with bad credit. However, with the right money down, so companies will allow it.
Related Videos about
Remortgage
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Photo Credit: seier+seier
If you have a mortgage already and want to remortgage your payment to cheaper, you won’t be able too. To get a better rate or price, you have to earn it through the credit and make good credit.
Can’t Get Furniture or Appliances on Credit
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Photo Credit: RetailByRyan95
You can’t get anything with bad credit and if you do, you will fall even more into debt over bad rates and increased prices. Everyone wants to get furniture that fits their room or Appliances that can help make the house look better. Without good credit this is a bad problem.
Credit is one of the most important things to never go into debt over. You can fall into this easy and never find a way out for 7 years. After 7 years past and no credit history is recorded, your credit can be fixed and better. Do you have bad credit?
Top Photo Credit: Andres Rueda
