Basic Overview Of Credit Score Ranges A person s credit report is essentially an ongoing look at his or her personal information, and provides a deeper insight on how well the individual manages his or her finances, and pays their debts. The individual s financial data is submitted to a credit reporting agency by creditors, debt collection agencies, the courts and other public or federal agencies. It tells prospective creditors that you re unable to honor your promise to pay back your debts and other financial obligations, from utility bills, credit card charges, child support and more. Although it may take a while for a person to rehabilitate his credit score after bankruptcy, the impact of the bankruptcy though dissipates over time. Too Many Inquiries: How These Can Pull Your Credit Score Down Whenever someone requests for a credit report, the person does what is known as an inquiry . According to credit experts, making a credit report inquiry only eats up around 10% of the criteria for a credit score adjustment, and some experts say that credit score may go down each time a credit report is requested. How To Stay Afloat Despite Experiencing Bankruptcy Whenever you wish to make a business purchase, or you wish to avail of a housing loan after an episode of bankruptcy, here are some helpful tips to follow. Look for lenders who still accept clients who have bankruptcy records, since there are a number of them that are in operation today. Shop Around For Bad Credit Personal Loans The market for bad credit personal loans is on a high note these days. You can easily get different quotes from banks and financial institutions, and you can easily compare figures, to determine which creditor offers the most convincing terms and conditions. Put Your Other Creditors On Hold If you re in a financial crisis, it would help if you call some of your creditors, and negotiate If you may be able to put on hold some of your payments. 5 Ways to Protect A Good Credit Score Credit has been tough to obtain these days, especially with a moribund real estate industry, and a lingering recession that s continuing to do a lot of damage to investor and consumer confidence. Whether you want to buy a new home or car, or wish to avail of a personal or student loan, it pays to have a good credit score.