The most common reasons for a negative credit score

source BloombergTitle The most Common Reasons for a Negative Credit Score article With a high credit score, you’re more likely to get a mortgage, a loan, and even a car loan.

But if you’re in a low credit score and don’t have many credit scores, you might be more likely than most to find yourself stuck in a revolving door of debt, according to, a credit-scoring company.

This article is part of our series on the reasons you can’t afford credit. CEO Mark DeCarlo says that the reason so many Americans are on credit is because they’re too lazy to get credit.

“You can’t earn credit, and you’re just waiting for somebody else to do it for you,” DeCarlon told Business Insider.

DeCarlos added that when people do take out a credit card, they can be forgiven if they take out more than they can afford to pay back.

“I don’t think you’re entitled to any credit, or any money, if you don’t make your payments on time,” he said.

“But you can get a little credit for the money you have, and the rest is gravy.”’s DeCarolas also notes that when you get an unexpected medical emergency, you may be tempted to put your credit score at risk, even if you didn’t owe money to anyone.

DeCarlos said that even though a bad credit score can make it hard to get an apartment, the problem is compounded when you’re borrowing to pay for the apartment.

“It’s not a good idea to be borrowing to get the apartment because you’re going to have to pay off that mortgage in about five years,” he explained.

“So you’re probably better off paying off the loan.”

DeCarolis explained that many people also are borrowing money to get around a bad score.

“They can be paying interest on it,” he added.

“If you borrow money, you can also borrow it out to a car, a business, or a house, and pay interest on the loan, but you can pay off the car or the business or the house in five years.

But it’s not good.”

He said that if you need to borrow money to pay down your credit card balance, DeCarls advice is to find a good credit provider who can help you with the balance.

“People can get away with it,” DeCarls said.

You can get help with your credit with

DeCARLOS: Your credit score doesn’t matter when you apply for a mortgage or car loan