Adverse credit loans
Keywordssub-prime loans, credit history, non-status credit history, impaired credit, poor credit, bad credit, negative credit rating, adverse credit loans
Factors that determine a persons credit rating
Payment History - How often you pay your bills, bills paid 30 days past due date will lower your credit rating.
Leverage - How much credit you have shouldn't exceed a borrower after tax income, 15 percent each month.
Stability and Responsibility - If you've lived in your home for more than 2 years or at the same job aswell this is viewed as a sign of stability and can increase your credit rating.
Credit Maxing- Lenders don't look to well if you are reaching the credit limit imposed on your account. Try to owe no more than 1 third of your available credit.
Closing Accounts - Closing your credit accounts will lower your available credit limit score. Credit formula is calculated based on a persons available credit line vs. how much credit's a consumer has used. As you close accounts your credit score will fall. So it's best no to close those unused credit cards.
