Bad credit is no good. In fact, according to a recent article by US News and World Report, bad credit sucks.
“The truth is that folks who either have poor credit or little credit get the worst of everything when it comes to credit cards: higher interest rates, more fees, smaller sign-up bonus, fewer special perks. It can end up costing you thousands of dollars during your lifetime just in higher interest rates on mortgages, credit cards and car loans.”
The article goes on to explain how a poor credit score and be improved, and how long it might take to do so.
Visit the US News and World Report site for the full article here.
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