Bad credit rating refers to a person’s history of failing to pay his or her credit obligations on time, and also referred to as the likelihood that they will fail to make timely payments in the future. It is often reflected in a low credit score.

Bad Credit Rating

Banks and other lenders use credit reports and other information to work out whether to give you credit. So if you can’t get a loan or are asked to pay higher interest, it may be that your credit report shows a poor history of debt payment. So you need to be sure that it’s correct.

Get a copy of your credit report

You are entitled to a free copy of your consumer credit report once every year. Learn how to get yours.

Fix your credit report

If there is inaccurate information on your credit report, take these steps to fix it.

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