Financial Problems Caused by Bad Credit

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Financial Problems Caused by Bad Credit
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• Are your financial problems caused by bad credit?
  Chances are, probably.
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• Lets face it, credit is important and without
  it, you may not have the means to enjoy your life
  how you want to, when you want to- but, seeking
  credit isnt always smart.
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• Most Americans understand the basics of credit
  make your payments, don't default, and spend
  wisely. But, while avoiding financial problems
  might be common sense, how many credit products a
  person should have and when its time to stop
  applying isnt.

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• To better understand what a credit inquiry really
  does, you need to understand that every time you
  click "submit" or sign an application for credit,
  your credit report is scrubbed by the company you
  are applying with. This company is checking for
  potential financial problems by checking if you
  make your payments, if you have a reasonable debt
  load and also, how many other companies you have
  applied with.
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• Together, each individual inquiry makes up your
  bureaus hard inquiries list.

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Remember, credit scores arent instant.

• Hard inquiries typically show up within a few
  days, but it can take a few weeks for credit
  granted to actually show up or reveal any
  underlying financial problems. This means that if
  you have applied for three credit cards and are
  now applying for a forth in less than 30 days,
  the fourth company will have to assume that you
  may have been approved for each card, and could
  already owe a lot of money. 
• While that might not seem exactly fair, that's
  just how the system works. For a prospective
  lender, rapidly seeking credit spells one thing
  financial problems. It shows that you are
  desperate for credit and by extension, are
  probably desperate for money.

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• While this may not always be the case, for those
  unlucky few who really do have financial
  problems, the major worry is that the inability
  to get credit right away will prevent getting it
  in the future, but this isn't necessarily true.
  If you have been denied credit due to
  over-application, stop applying and seek help
  from the professionals at Inquiry Busters to
  prevent your hard inquiries from causing you and
  your family financial problems in future.
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• Remember, inquiries can almost always be removed
  you just need help!

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