Consolidate payday loan

Hi Cynthia

Welcome to the forums. There are still some lenders who can offer you a loan in spite of having a bad credit history. But you should know that anyone with a low credit score has to pay high rates of interest and vice versa. You should first stress on improving your credit scores to the maximum in order to enjoy the lowest rates of interest.

Some of the valuable tips to improve your credit scores are:

• Pay back you bills in time.
  
  
• Check your credit report if it free from any sort of possible error.
  
  
• Reduce the credit card balance as much as possible.
  
  
• Do not linger your payments - It is suggested not to increase the ratio by closing an account and transferring the remaining balance to another account since the ratio of the credit card balance is linked to the credit limit. Doing this will lower the credit score which should not be generally done while you are on your way to increase your credit score.
  
  
• Keep your unused accounts active - In a short credit history or less number of accounts, the credit score gets lowered when a new account is opened as there is no proven track record of it.