Do You Have Credit Problems?
If you have ever made late payments or missed payments to utilities, banks, credit cards, hospitals, or mortgage companies, these will show up in a credit check. The single most important factor potential creditors look at in a credit check is your payment history. Number of credit cards, high balances, and missed payments signal to creditors that you may be overextended financially.
Prevent Serious Credit Problems
Cut expenses. If that means packing a lunch to work instead of eating out, and cutting out that afternoon latte, you might be surprised how much money you save. Finally, make a budget and stick to it if you have credit problems. If you have suffered through a job loss or major illness, and such life events are preventing you from recovering from financial problems, get expert help while your credit problems are minimal.