Everyone starts with a clean slate, no credit at all. However, with time, you take one or more loans to finance your projects. Your repayment behavior leads to either a bad or excellent credit.

If you make payments on time, your credit score will be okay. Otherwise, failure to make repayments on time earns you bad credit. What does this imply?

A lower or bad credit score means you’re at risk of defaulting. As such, financial institutions will avoid advancing their money or charge higher interests for the same.

But what happens if you want to take a mortgage and buy a home? You’ll need to boost your chances of securing an adverse credit mortgage. Here’s what you need to do. Continue reading →