Having too many loans will lowering your credit score, because when you have many loans the probability for you to repay all the loan is decreasing. Credit score is the most important consideration for the lenders in deciding whether they will give you the loan or not. If you have bad credit score, it would likely that you will not get the loan.

Now, in the internet there is service that can improve credit score. This online company will basically erase all your bad records in your credit report to improve credit score. One of the website is repairyourbadcredit.com. In the website besides you can have credit repair service, you can also have credit dispute service. This is one example of solution for you that have bad credit score but still want to have more loans and want to improve your credit score.