Feeling overwhelmed? This guide shows you how to consolidate debt with bad credit. Try personal loans, HELOCs and other strategies to get you one lower payment.

Shutterstock. Bad credit can mean you will pay a higher interest rate when borrowing money than if you had a good credit score. It can also affect your eligibility for a loan or line of credit.

Changes are coming to your credit score. As people worry about tariff-induced price hikes and the outlook for the job market, FICO last month announced it will introduce buy-now-pay-later loan data ...

A bad credit score generally falls below 600 on a scale of 300-850, depending on the credit scoring model. Bad credit is often used interchangeably with a “poor” credit score.

No single number defines a bad credit score for a car loan. In general though, if your credit score is below the mid-600s, you can expect higher interest rates and more difficulty getting a loan.

15% length of credit history: The longer you’ve owned a credit account, the more it can help your credit score. 10% new credit: When you apply for new credit, the card provider will likely pull ...

A credit card with a history of late payments could result in bad credit scores for you. It’s best to be an authorized user on a card with a low balance-to-limit ratio (a.k.a. credit utilization ).

Experian also writes that “credit mix,” or managing installment accounts ... Factors that may contribute to a bad credit score include late payments of more than 30 days and utilization rate.

Shutterstock. Bad credit can mean you will pay a higher interest rate when borrowing money than if you had a good credit score. It can also affect your eligibility for a loan or line of credit.