A bad credit score impacts how lenders will offer you terms and interest rates when pursuing a loan but there are alternative options like online lenders and credit unions who can provide lower interest rates. Before taking another obligation, understanding your credit score and debt-to-income ratio is a way in which you can improve your finances. It is important to check rates with multiple lenders to see who will offer you the best rate and term. On the other hand, you can consider getting a secured loan, or getting a cosigner to guarantee the loan.
Source: https://www.businessinsider.com/personal-finance/how-to-get-a-loan-with-bad-credit
