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The better a credit score you have, the more attractive a loan or credit card you can obtain. Your credit history is based upon your reputation for paying bills on time and spending money within your credit card limit. Not only will late and over-the-limit fees hurt your credit score, ensnaring you in credit card debt, but it will also hurt your integrity as a loan applicant. You may not even be able to buy a car or a house if your credit report is poor. A poor credit history is often a problem when applying for a new personal loan. Still, plenty of bad credit unsecured loans are available in the marketplace. These special loans are for borrowers who usually cannot get a loan elsewhere because they made late payments in the past, had arrears, defaulted on payments or had CCJs and usually have a low FICO score, indicating high risks for the lenders.