Should You be Bothered About Bad Credit History


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Should You be Bothered About Bad Credit History

Should You be Bothered About Bad Credit History

Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.

People get tensed for various reasons, while some may be trivial some others may be just too big to handle. I have always wondered if you should be bothered about bad credit history at all, but not anymore! I have seen many people reduced to nothing simply because they have been negligent with the use of their credit cards.

Here are some reasons you should be bothered about a bad credit history.

Reason 1: Reflects on You

None of us enjoy being called dumb or negligent, but this is exactly how your credit reports will speak about you with mounting bad credit history. Such a credit report is a result of badly managed finances. Chances are that you have been very indifferent about paying bills on time or planning your expenses well within your budget. While initially it may not be too bothersome, eventually the bad credit scores will also hurt your morale. You may end up sacrificing on many small pleasures simply because of the bad credit scores.

Reason 2: Level of Trust

Your credit reports determine how much others can trust you with the finances. This is specially true in case of banks that take the bad credit history as a very serious problem. Getting a loan from any bank would be cumbersome simply because they do not do not find you trustworthy. They know that you have already defaulted in your payments and the chances are that you may continue doing the same and hence they lack the trust in you.

Reason 3: Curtailed Freedom

This may seem trivial, but it gets really difficult to get accustomed to using the cash for all your expenditure once you have known the convenience your credit card can give you. When you try to avoid the adding to the bad credit score and are forced to use cash for your day to day expenses, you feel a lot of your freedom is curtailed.

Reason 4: Avoid Heavy Interest

The credit card companies are sure benefiting from you when you have bad credit history. The accumulating interests are only making you poorer by the day, but the credit card company has a lot to gain from it. If you do not try repairing the situation soon, you will find yourself in deeper debts and the vicious cycle will only seem to engulf you more and more into it!

You may have made mistakes in the past, but the first thing you should do is repair the bad credit scores at the earliest.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Citi Premier® Card – A World Elite Mastercard Travel Credit Card

Citi Premier® Card – A World Elite Mastercard Travel Credit Card

Posted: February 10, 2021

Citi, a advertising partner, offers the Citi Premier® Card, which gives elevated ThankYou points for your travel expenses and, with the recent update of the rewards program, for purchases at restaurants, supermarkets, and… Continue reading

Discover it® Miles Review: Turn Miles Into Travel Experiences or Cash

Discover it® Miles Review: Turn Miles Into Travel Experiences or Cash

Posted: February 10, 2021

Many travel credit cards come with tempting perks, requiring some effort bonuses, a complicated rewards structure, and steep annual fees. The Discover it® Miles is probably the best Discover card for travel, especially if you do not travel… Continue reading

Top 5 Secured Credit Cards: October 2021 – Experts’ Choice

Top 5 Secured Credit Cards: October 2021 – Experts’ Choice

Posted: October 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!