Anything below 600 is considered a bad credit score. If you’ve just recently checked your score and found you’re in the 300 – 600 range, there are things you can do to obtain financing.
You’ll find options below that’ll help you to obtain the credit/financing you desire in this category.
And just because your credit isn’t the best right now, you’ll learn ways you can improve your score so that more banks will lend.
In the meantime, whatever circumstances caused you to fall in this position, try to focus on:
- Timely bill payments
- Lowering debt-to-income ratio
- Minimizing credit card usage until able to pay balances in full
Also, if you’ve accumulated a large amount of debt, a debt consolidation loan likely won’t be possible with a bad credit score. Instead, consider non-profit debt consolidating services.
Having bad credit should only be a brief period in your financial life as you take steps to repair. However, receive assistance for the time being by viewing the posts below.