How do you get bad credit?
Tuesday September 16, 2008
Defaults or overdue accounts can end up on your credit file in a variety of ways. These include:
- Not paying bills on time.
- Having utilities cut off.
- Having assets (such as your car) repossessed.
- Exceeding credit card limits.
- Defaulting on previous loans.
This information stays on a credit file for up to seven years, so this could limit credit applications.
