These days, the contents of your credit report can affect your quality of life – from whether you can rent a flat, find a job, or obtain financing for a car, home, or personal loan. With your credit score representing you so often, it’s important to know how to read your credit report, and spot [...]
FAQs About Credit Blacklists
Credit Blacklist Questions:
Some people believe that there is a “credit blacklist,” a list of people that lenders will not lend to. This is not true. A credit report simple lists all of your credit accounts along with a payment history. While it’s true that missing payments, paying late, filing bankruptcy, and other negative credit items may prompt a lender to deny you a loan, that is up to the individual lender. There is no master “list” of people that may not be extended credit.