A low credit score can have numerous negative side effects on various aspects of your life. It can prevent you from qualifying for the best credit cards, result in higher insurance premiums, and lead to more expensive auto and personal loans. Homeownership might become more difficult, renting an apartment could be challenging, and you might have to pay deposits for utilities. Starting a business or landing certain jobs might be hindered by a poor credit score, and saving money becomes harder as you pay more in interest. The article describes what constitutes a 'bad' credit score and provides practical tips for improving it, such as checking your credit report, correcting errors, making on-time payments, keeping low credit utilization, and considering a secured credit card.
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