Credit reports are the very reason why you’ve got bad credit and there’s a need for credit repair. A bad credit score or a report can adversely affect your ability to seek financial products such as loans, credit cards and the like. Adverse credit history is more commonly known as impaired credit, poor credit, or bad credit tracked by the national credit bureau.
Nearly every single credit report we see, has some form of violation of your rights committed by collection agents. This report is analyzed by most financial companies before they sanction your loan application.
They, in fact, make late payments and your account is rated R2 – which mean that payments were made after 30 days lowering your credit score even further. The determining factor on how credit agencies will handle and charge your credit will rely on your credit score. If your credit score is below 600 you should start thinking about how to get your credit repaired, this is the first sign so start right away.
Once your credit information is in a bad state it will take some time before you can fix the problems with your credit and bring your score back up to higher score....