Bad Credit

Bad credit is when you have a low credit score. Bad credit prevents you from getting a good interest rate on a home loan, a car loan, a student loan or a personal loan. Bad credit will make a potential landlord think twice about renting to you. How can you get bad credit? If you're late making payments or have a debt to income ratio that's too high you may have bad credit. Learn how bad credit affects your financial life and how you can move from bad credit to good credit.

Featured Bad Credit Article

Foreclosure Affects Credit But Homeowner May Avoid Deficiency Judgment

Going through foreclosure isn't what anybody wants to go through. For some, going through foreclosure can be the start of a process that can drag on for years. If the foreclosure process does not yield enough money to pay off the mortgage that the lender had given the homeowner, that homeowner could be stuck with a deficiency judgment and having to repay the difference for years to come. If the lender does not pursue the deficiency judgment or can't, the foreclosure will still have a negative effect on the homeowner's credit history and credit score for years to come.

View all ThinkGlink events