Whether you call it adverse credit, bad credit, poor credit, it all means the
same thing. You face an uphill battle and it may limit your loan options. A bad
credit history will usually have missed payments, late payments, collections,
repossessions, perhaps a bankruptcy or tax liens and judgments.
Negative items on a credit report will remain there for at least seven years. As very
few lenders will want to risk loaning money to a someone with a bad credit history,
you will severely limit your loan and credit issuer options and you will pay more for
those lenders you do find to loan to you in much higher interest rates.
You can repair your credit and put your bad credit history behind you. Step 1 Credit
is the leading choice for mortgage lenders to help their clients repair their credit
history with our credit report programs. Credit report management can help you
repair your credit legally. Step 1 Credit will help you work to improve your credit
using the consumer laws put in place to protect you.