Do you feel your credit stands in the way of getting approved for a mortgage? Having bad credit can do more than prevent you from getting approved for a home loan; you may also have to pay more for insurance and provide a security deposit on utilities if you move. Financial challenges can occur to anyone, any time. The good news is you can begin to improve your credit immediately. While repairs credit does take time, it’s possible to improve it as long as you’re dedicated to positive financial habits.