Credit scores are the ultimate window for getting reasonable credit terms and conditions. Naturally, many banks and lending institutions would prefer to loan to those people with good credit score range than their opposite.
Some uneventful circumstances lead many people to building a bad credit reputation. Emergent situations like medical needs, home repairs, natural calamities, and others force them to pay only the least minimum amount or miss consecutive payment dates. Worse, if they get laid off from work which paralyzed their capacity to pay and which eventually lead to financial breakdown. Delayed interest fees here and penalty charges there paved way for their credit standing from bad to worse. Aside from the fact that they would find themselves neck-high with debt, their trustworthiness takes a tremendous toll. Therefore, we cannot really generalize that all poor debtors have extravagant spending habits and are rather irresponsible payers. We cannot really judge them because we do not know their real story.
If you belong to this unfortunate group, there are many ways to rise from your loom. First off, get an employment and if you can hold more than one job better. In this way, you can slowly repair your finances and get budget allocation for debt payment purposes. Keep back on the track by paying all your dues on a timely basis.
Be open and direct to your creditor about your current situation and ask for an extended payment date with minimum additional fees. Although some creditors are crude about this, it is still worth a try since many of them are lenient so you might as well push your luck.
Limit your number of credit cards into one in order to get freed from annual service charge. If you have the least credit source, you will be forced to stick to your goal of getting loans for real emergent needs only. Your tremendous effort would not only repair your credit score range but also your well-being.