What is a good excuse for bad credit?

What is a good excuse for bad credit?

Wanted them to come and get their junk car.”-“The construction workers moved my mailbox and could not find it for three months.”-“I thought she was payin’ it—she thought I was payin’ it.”-“The bill was always due at a bad time of the month.”-“I make all my payments on time…to the collection agencies.”-Borrower …

Can a house be blacklisted for credit?

Can an address be blacklisted? No – not even if the people who lived there before you had multiple debts and were on shaky financial ground. It doesn’t matter who lived at your address in the past – their financial mistakes won’t be linked to you just because you live in the same house or flat.

How do I know if my address is blacklisted?

There’s no such thing as a blacklisted address. And there definitely isn’t a long list of addresses somewhere that lenders check when deciding whether to lend to you or not. The fact is that it doesn’t matter who has lived at your address in the past.

Is bad credit the end of the world?

Having a bad credit score isn’t the end of the world, as long as you work toward improving it. While bad credit may make it more difficult to achieve financial milestones, such as being approved for an auto loan or mortgage, there are steps you can take to repair your credit score.

What must you have at the minimum to get a FICO score calculated?

What are the minimum requirements for a FICO® Score? In order to receive a valid FICO Score, the credit report must have: At least one account opened for six months or more, and. At least one account that has been reported to the credit bureau within the past six months, and.

How do I know if my house is blacklisted?

How can I remove my credit from blacklist?

The National Credit Act (Act 34 of 2005) stipulates that if you were blacklisted and have paid the debt for which you were listed, you may apply to the credit bureau where you were listed to have your name removed from that list. This can be done by applying for the cancellation of that blacklisting.

Does a house get blacklisted or the person?

Can I check if I am blacklisted?

The information about the blacklisting can be found in your credit profile as held by the Major Credit Bureaus :- Transunion Credit Bureau ; Experian Credit Bureau; Compuscan Credit Bureau and Xds Credit Bureau.

What is poor credit history?

Having a “bad credit history,” a “bad credit rating” or simply “bad credit” usually means your credit reports (and the credit scores that derive from them) show negative credit behaviors in your recent past. Broadly speaking, bad credit will arise if you do not repay your debts according to your borrowing agreements.