How Did I Get a Bad Credit Score And What Should I Do Next?

How Did I Get a Bad Credit Score And What Should I Do Next?

The bills slowly start piling up and before you know it, you are drowning in debt. You now have a bad credit score and you are struggling to borrow money because of it. It can be scary and confusing, but the only way to stop your credit score from getting worse is to understand how you got a bad score in the first place. Here are some things to consider when trying to understand your bad credit score and tips on how to improve it.

Do you pay your bills on time?
Look back on some of your bill payments. If they were late and past the due date, then this may contribute to your bad credit score. Late payments may show lenders that you are struggling to pay back your debt and therefore, you may be a risky individual to lend to.

To start fixing this problem, put reminders in your calendar to pay your bills on specific days every month. By having these constant reminders, you can begin to pay your bills on time and show lenders that you are responsible and able to manage your debt.

Do you pay your debt in full?
You may have a bad credit score because you do not pay your debt, such as credit cards, in full every month. If you are constantly requesting extensions and paying interest on your debt, your credit score may worsen over time. This may show lenders that you are unable to manage your debt and may struggle to take on more.

To help prevent this from occurring, make sure to track how much you spend versus how much you have. Do not spend more money than you actually have because this may cause you to extend your pay back periods.

It may just be a mistake!
It is possible that there are errors on your credit history that have led to your bad credit score. If this is the case, then you should act immediately to reverse the errors. You can do so by contacting your creditor or a credit bureau. You do not want these mistakes to remain on your credit report because it may impact any future borrowing. Request your credit report for free from

Having a bad credit score is scary, but there are ways to manage your debt and improve your credit score. It takes understanding what you have been doing in the past to make the right choices in the future.

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This is an expensive form of borrowing. Lendgreen loans are designed to assist you in meeting your short term borrowing needs and are not intended to be a long term financial solution. The Annual Percentage Rate (APR) applied to your loan will vary depending on the pay period. The maximum APR on any Lendgreen loan is 795%. Before borrowing, please consider whether you will be able to repay the amount you borrow. Any instances of late or no-payment may be subject to additional NSF and late fees, and collection activities. Cash advance services through this website are not available in all states and state availability may change from time to time without notice. Lendgreen does not lend to residents of AR, GA, MD, MN, NY, PA, VA, WV, WI, or to members of the military.

Lendgreen does not perform credit checks through the three main credit bureaus (Experian, Equifax, TransUnion). A credit check or a request for your credit report may be executed in some circumstances to determine loan approval status through an alternative provider including but not limited to, Clarity, DataX and Factor Trust. These alternative providers will typically not affect your credit scores.

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