You have missed payments, or at the very least made payments late. Maybe it was late payments on your car loan, maybe you ignored a few credit card bills, or worst of all you might have decided it was okay to go ahead and pass on a mortgage payment or two. And now you have the dreaded label of being a ‘bad credit applicant’ at any bank you ask for a loan. It’s not a good feeling, and they’re definitely not going to be too excited about approving you for bad credit personal signature loans. You’re going to be better of learning everything you can about improving your credit score (and managing your money for that matter). It may be a few months or even a couple of years before you get the loan.