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credit rating is necessary

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aditi
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credit rating is necessary  Reply with quote  

credit rating is an aspect to rank and rate stock and country's economy. what do u think there should be need of rating agencies. For example karvi has given rate to RPower and finally people left their money. Then what do u think! it's necessary. Cool
Post Wed May 09, 2012 10:47 am
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payment proof
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I think the rating agencies in general have too much power, and a mistaken rating can hurt a country, company, or an individual.

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Post Sun May 13, 2012 2:12 am
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Natarajan
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Credit rating agencies - vested interest  Reply with quote  

The sole purpose of having credit rating agency is to ensure investors get an understanding about the value of the financial instrument. There appears to be a conflict of interest when they do charge a fee to rate the security. Sub Prime crisis proved a lot of things and one of those important things was to show how credible rating agencies are! Do we need them? It is better to have someone analyze on their own rather than trust on someone only to fail.
Post Tue Jun 19, 2012 12:46 pm
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Sabrina Gage
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Credit rating agencies must be responsible and professional enough. Otherwise misleading data can result in money loss of investors and companies.

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Post Thu Jul 05, 2012 6:35 am
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debedwards
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Your credit rating is very important because this determines your risk to lenders. Most people think that lenders wouldn't entertain them if their credit score is low. Well, not really. Instead, they lend you money at a higher rate. But if your credit score is really bad don't expect lenders to pay attention to you.

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Post Sat Jul 07, 2012 12:57 am
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iwillguide
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Credit rating is very important aspect in the present financial world. when you are applying for loans, credit rating becomes most important factor in loan processing matter. If you have good credit rating, you can easily get a loan from banks or other financial institutions otherwise it become tough. So, you can always try to keep your credit score good.

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Post Sun Jul 29, 2012 1:05 pm
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BillyQuinones
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It is a very important factor to consider when you are applying for a business loan. A credit score is a stats strategy to determine the possibility of an individual paying back the money they has borrowed. Nowadays having a bad credit do not matter. There are so many loan providers in the market who can offer you loans irrespective of bad credit.
Post Fri Mar 01, 2013 12:34 pm
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soybean
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quote:
Originally posted by BillyQuinones
Nowadays having a bad credit do not matter. There are so many loan providers in the market who can offer you loans irrespective of bad credit.
Well, maybe, but you'll be paying an outrageous interest rate. So, to say having a bad credit score does not matter is completely absurd.
Post Sun Mar 03, 2013 3:59 pm
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oldguy
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quote:
Nowadays having a bad credit do not matter. There are so many loan providers in the market who can offer you loans irrespective of bad credit.


I sure do hope that you are wrong - that would be the start of another economic bubble, probably worse than the housing bubble. Personally, I will avoid any lender that pushes "no-doc" or "liar's loans".
Post Sun Mar 03, 2013 4:23 pm
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coaster
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Yes, well look what he's pushing in his signature. Rolling Eyes

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Post Sun Mar 03, 2013 6:33 pm
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mikesmithm2
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Satisfying lender criteria is always necessary, but especially when seeking approval despite a low credit rating.
Post Mon Mar 04, 2013 10:07 am
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hewiesidney
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Leasing a car can be an appealing option if you like getting new vehicles frequently. As long as you are willing to stay within the mileage requirements and maintain the car properly, you can get a new car every three years.
Post Mon Mar 04, 2013 11:27 am
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soybean
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quote:
Originally posted by mikesmithm2
Satisfying lender criteria is always necessary, but especially when seeking approval despite a low credit rating.
Well, if a certain credit score of part of the lender criteria, as it often is, then that criteria obviously isn't satisfied. Rolling Eyes
Post Mon Mar 25, 2013 7:43 pm
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