If you’ve made some mistakes before as far as your credit is anxious, brace yourself for the facts about bad credit loans. You should first attempt to assess before you hit the panic button though just how bad your credit is. Often, bad credit items that appear on your own credit report can be challenged and sometimes removed. Moreover, mistakes on your own credit report can have an adverse effect on your own credit score, shunting you into the class of a high credit risk. Things which are good news for you but don’t appear on your own credit report (or on one or the other of the credit reporting bureaus’ file on your own credit history), can set you back some precious points. Last, but not least, taking bad advice from well-intentioned relatives or friends can lower your credit score, making you a nominee for bad credit loans.