Bad credit can be a terror for debtors. The bank will continue to collect it as long as the repayments are not paid. The amount will also be greater due to accumulation of interest. However, that does not mean borrowing money in a bank into something scary. The loan can also be fun because from there you can get funds to buy the items you want by way of installments. In order to be a good debtor and not get stuck in bad loans, there are several borrowing principles that must be upheld.