When Can A Bad Credit Rating Be A Good Thing?
If a bad credit rating keeps you from spending more money and getting further into debt (by way of preventing you from getting more credit cards and/or loans), then it can be a good thing in a very limited way.
Unfortunately there are many downsides to this and you’re much better off reining in your spending voluntarily well before your credit rating takes a nosedive.
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This entry was posted on Thursday, December 10th, 2009 and is filed under bad credit, credit report.
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