Posted on: 05th Nov, 2009 09:02 pm
fact: as much sense as this might make to you, it is not true, regardless of what your grandfather says. credit bureaus want to see that you can handle credit responsibly. consumers who declare bankruptcy often wipe their hands clean of debt, saying they will never again have another credit card. but what they might not realize is that no credit is just as bad as poor credit. the best way to have a solid credit score is to have a healthy mix of credit and a solid payment history. you have to prove to the bureaus you have the discipline to handle credit. the only way to do this is to have a proven track record.
"http://thecreditcure.com/"
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"http://thecreditcure.com/"
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"Credit bureaus want to see that you can handle credit responsibly. " I agree with this absolutely. Credit bureaus will look into the fact as to how efficiently a person manages his debts. Bankruptcy poses a great threat to ones credit. It is always better to avoid that and rather take other steps to come out of the financial crisis. While taking credit card loans or mortgages, it is the borrower's duty to check whether or not he would be able to afford the debts in the long run.