Home » Business » Red Flags that can Ruin Your Credit Rating: Tales of Insolvent Debtors and Impulsive Luxury Purchases

Red Flags that can Ruin Your Credit Rating: Tales of Insolvent Debtors and Impulsive Luxury Purchases

An insolvent debtor who has just ordered a luxury yacht. Or an unemployed person who wants to finance a new Bentley. And then there is the woman who is currently applying for the fifth overdraft at the fifth bank. Yes, dear people, these are true stories and a small but fine excerpt of what can worsen your credit rating. Of course there are more red flags.

A negative entry with Schufa is an absolute no-go. But there have also been several constant moves in recent years. And woe betide you if you have more than three loans on file. How to avoid that? Pay, pay, pay or just avoid the yacht and the Bentley.

) recommend, even with a Schufa entry you have a good chance there.

2023-10-21 17:05:17
#credit #rating #worse #Experts #answer

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