www.quickenloans.com legit

www.quickenloans.com legit

In general terms, your credit score or rating is what financial institutions will draw on to gauge your ability to meet loan repayments. Your score is calculated from your credit history, including previous bill and loan transactions and is recorded in credit agency reports. A bad credit history is often the result of overdue or missed bill and loan re-payments or defaults. However, credit scores can also be damaged by incorrect information stored in your credit report or even something as simple as not being enrolled to vote.

For most of us a bad credit history can be a real dilemma, especially when applying for loans or other financial agreements. Luckily there are simple steps you can take to overcome a current bad credit history, as well as repair and continue to improve your credit score. Applying for more credit can be one of the best ways to build a positive score, by proving you can meet loan repayments and avoid defaults on loan agreements. Providing you meet the repayments on time, every time; borrowing and re-paying loans will improve your rating and begin to repair your bad credit history.