With so much hype and fear over a bad credit score thousands of companies have sprang up overnight ready and willing to take peoples money with the offer of repairing their credit. For a nice little fee these companies claim to fix bad credit, unfortunately in reality all that is accomplished is an added debt with no discernable results.
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It is hard to see everyone’s situation, but in general computer financing for people with bad credit is yet another brick in a wall of doom. Regular credit usually isn’t possible for one in this position for a reason.
One of the major factors that makes up your credit score is your debt to credit ratio. It actually makes up about 30% of your score. You can easily calculate that ratio by yourself by taking your existing credit card balances and divide it by the total amount of credit that is available to you. Even though this is a very simple calculation, it does provide valuable information as to how easy it is to manipulate your credit score.
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