What if I have bad credit?
Just one small hiccup and your credit score can take a tumble. Luckily, there are ways to improve your credit score over time.
You can improve your credit score by doing things like:
- Paying down your debt or open balances.
- Making payments on time and in full.
- Keeping accounts open, even if you don’t use them, to increase your account history length.
However, you may not have time to raise your credit score. If you find yourself in this situation, you could consider applying for a bad credit personal loan. Bad credit personal loans should be considered carefully, as they tend to carry much higher interest rates and fees, as well as poorer terms, than those offered to people who have good credit scores.