What is Bad Credit?

Credit is borrowed to make our living standards better. However, it’s easy to lose track of our wants and fall into the trap of impulsive spending.

Spending freely on our wants can be empowering, yet the feeling of being in control remains temporary, leaving our long term goals unfulfilled.

Having a bad credit score which restricts us from borrowing in the future.

In the worst case, it could lead us to bankruptcy.

Spending too much on things which don’t enhance our living standard.

Having a lot of unpaid debts.

Repeated practice of unreasonable spending.

Little action toward repayment of existing debt.

Let's learn about the importance of timely payments!