Bad credit score? You can still get a loan

The options are costly; the best course is avoiding or delaying the loans, if you can

Getting a loan sanctioned is an uphill task for most of us in any situation — coupled with a bad credit score, it promises to be a challenging experience. A weak credit score decreases the chances of getting a loan from a bank or a financial institution because it depicts you as a high-risk borrower, someone who has a higher probability of defaulting on repayments, thus turning the loan into a bad investment for the lender. The assessment is purely based on your credit history and past repayment behaviour.