Nerd Wallet
JUNE 22, 2021
A signature loan is a fixed-rate, unsecured personal loan offered by an online lender, bank or credit union. It’s called a signature loan because it’s secured by your signature instead of collateral, like a car or an investment account. Getting approved for a signature loan will likely depend on your creditworthiness.
Credit Corp
MARCH 7, 2021
When talking about the concept of online personal loans, it’s important to touch on the differences between secured and unsecured loans: Secured loans are those where collateral is put up to secure the loan. For instance, a home would act as collateral in a mortgage or home equity line of credit (HELOC).
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Credit Corp
OCTOBER 25, 2023
Keeping track of multiple credit card bills can be difficult and potentially cause you to fall behind on payments or forget them altogether. Since payment history is the most important factor that influences your creditworthiness, not making payments on time can damage your credit score. You’ll need to pay closing costs.
Better Credit Blog
MAY 20, 2022
Personal loans are installment loans offered by a bank, credit union, or other financial institution to an individual borrower. The former uses collateral, commonly in the form of your vehicle title, to secure repayment of the loan. The far more appealing choice, the unsecured personal loan, does not require any collateral.
Credit Corp
JUNE 12, 2023
A personal loan is money borrowed from a bank, credit union, or other financial institution that can be used for virtually any personal expense. You have to receive a personal loan through an authorized lender, typically a bank or credit union. What Is a Personal Loan? Do You Need a Down Payment for a Personal Loan?
Collection Industry News
MAY 18, 2021
Restrictions on the reporting or consideration of certain debt prevents lenders from seeing borrowers’ complete debt circumstances and clouds lenders’ ability to fairly assess borrowers’ creditworthiness. Our country’s mortgage lending system continues to rest on the foundation of enforceable security interests in real property.
Credit Corp
AUGUST 24, 2021
Typically vacation loans require no collateral and should get paid in fixed, once-a-month payments. An open, revolving loan that a borrower may use on request is a line of credit. Indeed, it’s also known as a credit line. Flexibility is the primary advantage of a line of credit. What Is a Vacation Loan?
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