Sentences with phrase «of blemishes on their credit report»
The majority of people that need to improve their credit score have a great deal of blemishes on their credit report, which is used to determine a person's credit worthiness and their record of repaying money that they have borrowed from lenders.
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You will end up with a damaging blemish on your business credit reports that can hurt scores significantly and greatly impact your ability to secure a line of credit, business loan, increase insurance premiums, or even maintain relationships with your current suppliers and partners.
If there's a red flag on your credit report — from such things as bankruptcies and collections — you will have to provide a letter of explanation with valid reasons for your past mistakes and the steps you have taken to correct the credit blemish.
A large percentage of Americans suffer from a blemish on their credit reports.
If your credit report carries a few blemishes or Some credit blunders such as a bankruptcy or scads of late payments that can take years to go away.There are a few recommended steps you can take to improve your credit score that put you on the path to a good credit score.
How long those blemishes remain on your credit report can also vary: Negative items generally stay on a credit report for seven years, but can remain for up to 10 years in the case of certain bankruptcies.
A single blemish on a criminal record or a poor score on a credit report, in and of itself, should not necessarily disqualify an individual from employment (unless it clearly makes job - related sense to do so).