A low credit score can result from several factors, including a history of late payments, high credit utilization, or negative records like bankruptcies and collections. With a low score, consumers have difficulty securing loans, credit cards, and even renting properties, while facing significantly higher interest rates. This makes credit more expensive and limits the financial opportunities available.

Credit repair can help identify which factors are contributing to a low score and work on addressing these issues. This may involve disputing incorrect items, negotiating debts, and providing financial counseling to help improve future credit behaviors. Building a consistent record of on-time payments and keeping credit utilization low are key steps to improving a low score over time.