Archive for July, 2008

Your credit history is extremely important for lenders to feel assured that you will pay them back. As we discussed earlier what are the main factors that affect your credit history now let’s see what are the disadvantages of having a poor credit history. continue

The term “Credit History” is used for a thorough examination by financial bodies to ensure if one can be trusted to avail any credit benefit based on their past records. Your credit history has several factors which determine whether or not you are credit worthy. The main factors that determine your credit history are; continue

A good credit history is not always a 100% guarantee for obtaining a loan even at times a small personal loan of 5000 pounds or less gets rejected despite having a good credit history. The frustration of being in such a situation is very painful at times when you desperately need credit to cover your finances. continue