Bad Credit, Good Credit. Are You Credit Worthy?

How's your credit worthiness going? Mine is staying just above the water.

I manage to scrap through each month and pay every single bill and loan. Which is excellence from the lenders' point of view because I have never defaulted on any of them.

I'm sure many of you are wise enough not to get yourself encumbered with loans you have difficulty servicing. But there are other factors affecting our credit worthiness. Like friends who defaulted on their loans of which we are the guarantor.

Ah, that, my friend, is painful. I know how it feels to be paying thousands of ringgit for loans defaulted by others.

Things like this will plunge our credit worthiness from excellent to bad in just overnight and we would find it difficult to obtain another loan eventhough this has got nothing to do with our ability to repay the loan.

In the US the number bad credit consumers are growing but there are still credit facilities available for them in the form of bad credit loans.

BadCreditOffers.com provides an online guide to bad credit consumers on credit offers available, from credit cards to housing loans, personal loans to credit repair. They could also rebuild their credit worthiness by making payments on time.