Remove Credit Unions Remove Loans Remove Personal loans Remove Retail
article thumbnail

Personal Loans Statistics

Credit Corp

With the help of our research provider, Pureprofile, Finder surveyed 1,718 American adults in January 2021 to see how personal loans are being used in the US. of Americans, said they have taken out a personal loan in their lifetime. But online retailers and app-based companies have taken off to fill the new consumer need.

article thumbnail

Tips for Improving Your Credit: The Types of Accounts in Your Credit Report

Credit Corp

Basically, credit scoring models want to see that you can manage different types of financing, most notably revolving accounts, such as a credit card, and installment accounts, such as a mortgage or auto loan. The credit bureaus have determined that the types of accounts you have is predictive of your future credit risk.