By: Shelly Evans
In response to the recent economic crisis, many lending companies in the industry have become more exacting in extending credit to consumers. If you have less than perfect credit, you may find it more difficult to get an approval.
In fact, if you have bad credit, you’ll need to be extra careful in your search for financing to avoid predatory lenders who may take advantage of your situation. Yes, there are lenders in the market offering bad credit loans that impose excessive interest rates and unreasonable terms. If you’re not aware of their tactics, you might sign up for the wrong deal.
But did you know that there are other aspects of your life which can be affected by your personal credit? For instance, if you’re looking for a job, having bad credit can actually hurt you, even if you’ve done well in the interview and you have an impressive resume.
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