Before knowing the reasons, you must have an idea about your credit score. It is a three-digit number that shows the creditworthiness of a borrower. Having poor credit, the probability of getting a loan is lower than having a good credit score. Therefore, you must indeed maintain your credit history. Otherwise, it is tough to get approval for the loan. Here are some of the reasons for you to have a poor credit score.

• Without any doubt, the first reason for lowering your score must be none other than missed payments. When you have failed to pay your bills, it will get reflected in your credit score.
• Another reason for you to get Bad credit loans when you have poor credit is by not paying back the dues at the right time. So, keep an eye on this thing and repay promptly without missing it.
• When you have borrowed some money in the past, that is before applying for this loan, and have not made timely payments. Yes, your old records still affect your credit and do not let you get approval for the new loan.
• Here is one more thing that you have to know why you have a low credit score. It is because you have not applied for any loan before and have no financial track record. In this case, you will not have a decent credit score.

But with low credit, you can still get a loan from some lenders, which is known as Bad credit loans my sources.