Any Amount of Bad Credit Is Hurting You...

Regardless of the amount of good credit that you build, one or two slow pays can result in a credit denial when applying for credit cards or personal loans.  The slightest amount of negative credit causes auto loan interest to go sky high.

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If I Build Enough Good Credit - Can It Offset My Bad Credit?

The fact is that any amount of bad credit is devastating to your chances of being approved by a credit grantor. Most credit grantors never actually look at your credit report. A computer pulls your credit report, rates your credit standing, income, indebtedness, and stability, generates a number (or FICO score,) then spits out an acceptance or denial.

Even one or two slow pays will usually trigger a credit card or personal loan denial. The slightest amount of negative credit will cause the interest on an auto loan to skyrocket. You will probably find that even a little bad credit, regardless of how much good credit you have, is an unacceptable barrier to credit approval. It certainly increases the cost of credit in higher interest rates and fees.

Learn More:  How To Delete Bad Credit

Can Enough Good Credit - Offset The Bad?