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What are the reasons for poor credit scores?

By Derek Brown
Published: Saturday, April 3rd, 2010

It has been seen that poor credit scores are the results of non payments of debts and dues. These can be computed through software and they are based on the analysis of the credit reports. Some factors taken into account here include payment history of the debtors, all debts which are cleared or paid off and thus fetch good credit scores for the debtors.

But all the debts which are not paid result in lower credit scores and poor or lower credit scores means you have to face various kinds of financial problems like higher interest loan rates, rejection from employment and problems in getting financial aid.

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