What an 'Adverse Credit History' Means

An "adverse credit history" refers to a track record of delinquent debt, late bill payments, large amounts owed, and the presence of bankruptcy or charge-offs. Having an adverse credit history makes it difficult to get credit and low interest rates on loans, including mortgages. But even a poor credit history can be improved over time with good financial habits. To keep your credit in top condition, be persistent about paying off debt, pay all your minimum payments on time, try to make more than the minimum payment and avoid opening too many new accounts.

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