Is it possible to improve a poor credit history?
Problems with the credit history are the main cause of rejection of giving a loan for real-estate. There is no quick and easy way of improving the credit history. One needs a lot of time and financial discipline to do that. When giving a credit to a person with a poor credit history lenders demand explanation of the reasons for payments delay. If the reasons are connected with employment hardships (a sudden decrease in jobs, etc.) then the lenders will consider the problems in a more favorable light, than if it were unjustified increase costs on credit cards. What is meant by a poor credit history? A great number of factors may spoil your credit history. Some of the most popular ones are delays of payments for credit cards, and other credit instruments, first of all the obligations concerning your mortgage loan, bankruptcy during the last 7 years and non-payment of the taxes. Any court decisions against you, like, for example, alimony or any other collection activities non-payment, may
