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How Does Having Bad Credit Affect Me

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Having good credit means a lot of things to a lot of people. The positives are numerous and self explanatory. Granted, they bring with them payments, interest rates and a need for effective management. The question arises as to what having bad credit means to the consumer and this is a many faceted situation.

Credit card companies and other lenders assess your credit using what is known as a FICO score to decide if you are a good risk for finan...

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Steven J. Talrechi has been studying credit reporting and credit reporting practices for over 10 years. He is an expert in helping others with second chance banking and obtaining a checking account when they have been turned down by banks.

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