One of the keys to being financially successful is understanding when loans are a good solution for your situation. You can usually tell if you are qualified by the credit score that you have. you have a good credit score, you have a bigger chance to be accepted to make a loan. If you have a bad credit report, you might have a hard time trying to get that loan that you want.
you do not pay your bills on time, it can leave your credit score in a bad light, so make sure that you are up to date with your payments.