Yes, but you won’t be able to apply for a credit card because the loan is unsecured and credit card companies require some form of surety that you will be able to pay them back. However, you can apply for a debit card, which is probably a better option for people with credit card debt or financial issues as you cannot overspend. It will also help you to manage your finances more efficiently. To improve your bad credit history, draw up a budget. It won’t solve your financial woes immediately but will show you where you can save, force you to review spending and help you focus on necessities instead of wasting money. You’ll also be less dependent on borrowed money and may even have enough cash to start setting aside to resolve outstanding debts. The sooner you do this, the sooner you can start building up a good credit record.
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