One way to improve the credit score is that you get rid of easy debts and get this development included in the credit report by a reputed agency. Those borrowers who have a clean credit report avail unsecured bad credit personal loans at easier terms then their counterparts having bad credit. Since you are going through a bad credit phase, you should first of all take steps to show improvements in your credit report which leads to better credit score. In case of greater loan lenders will go for evaluating equity in the collateral.