Worst type of credit account you could have Video

Worst Type Of Credit Account You Could Have

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Worst type of credit account you could have -

Markita Aldridge discusses personal finance and what is the worst type of credit account you could have

Worst type of credit account you could have -

Markita Aldridge discusses personal finance and what is the worst type of credit account you could have

Added: 8/3/09

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worst type of credit account you could have bankruptcy cancellation plan markita aldridge monkeysee paying debts personal finance

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Worst Type Of Credit Account You Could Have

What is the worst type of credit account I can have? Markita: The worst type of credit account is with finance companies and what I mean by finance companies, I don t want to name any. However these are companies that solicit you typically by mail, offering you some type of unsecured loan that typically carries an APR anywhere from 22%-27%. Typically, these companies offer you to consolidate debt with them and not that they’re not reputable companies out there, but the APR is a red flag that these are really high risk loans; they are unsecured loans, meaning not secured by any property, is absolutely the worst type of account that you could have on your credit.

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What is the worst type of credit account I can have?
Markita: The worst type of credit account is with finance companies and what I mean by finance companies, I don t want to name any. However these are companies that solicit you typically by mail, offering you some type of unsecured loan that typically carries an APR anywhere from 22%-27%. Typically, these companies offer you to consolidate debt with them and not that they’re not reputable companies out there, but the APR is a red flag that these are really high risk loans; they are unsecured loans, meaning not secured by any property, is absolutely the worst type of account that you could have on your credit.

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