If you have bad credit, help is available. Bad credit is a term describing when your credit score is low. A credit score or rating is based on several factors. If you are constantly making late payments, you will get a bad credit score. If you skip payments, this produces a bad credit score. If you exceed the limits of any of your credit cards, declare bankruptcy or enter foreclosure, you will have bad credit. Help is possible, but it takes time. If you have a low credit rating, you must examine your finances. You need to look at what is coming in and what is going out. You can obtain bad credit help through various reputable agencies. You may also need to consult a credit counsellor if your credit is extremely bad. Begin with small measures such as paying your bills on time and in full whenever possible. You can decrease your use of credit cards, putting one or more on hold. Remember. Bad credit can result in a denial of future loans, closer scrutiny of current loans and the cancellation or denial of credit cards.