High Cost Of A Poor Credit Rating

Is your credit rating good or poor? If you've recently been turned down for a auto loan, it could be because you've paid off everything so perfectly that you have no credit history. But it's more likely to be because your credit rating is poor. And this means it could be difficult to get credit at a price you find attractive.

What Makes A Poor Credit Rating?
Applications for credit are scored using criteria on the application form.People tend to get a poor credit rating if:
- They have defaulted on payments in the past;
- They have been made bankrupt;
- They have had County Court Judgements (CCJs) against them

Your poor credit ratings should never become a reason of embarrassment. Please be aware that all of us make mistakes in life and only the ones who have made it stand a fair chance of not falling down the next time. So try to lift yourself up again in the eyes of credit institutions. Even if it's not for your dream car, you must avail a bad credit auto loan to prove your honesty to the world.Poor ratings affects your future plannig to buy a car.So do that kind of jobs which can improve your ratings only then every lender will be eager to give you auto loan.