Too many applications for credit will lower your credit score, whether or not you get the loan. Raise your credit score by minimizing the number of times you apply for credit.
Besides incurring needless late fees and penalties, your creditors will report your bad habits and it will result in a lower credit score. Raise your credit score by paying on time.
Even if you pay your bills on time, if your credit cards are maxed out each month, this will lower your credit score. Raise your credit score by keeping balances low.
You will take a hit for being late, but it’s not going to be as bad if you pay sooner rather than later. Raise your credit score by paying late bills now. Today.