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What Is a Personal Loan? How It Works

Credit Corp

A personal loan is money borrowed from a lender that can be used for almost any purpose, from debt consolidation to home improvement projects. Most people don’t have $5,000+ sitting in their bank accounts—that’s where personal loans come in. What Is a Personal Loan? Why Would I Need a Personal Loan?

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Back to School Finances for Parents: How to Finance Your Child’s Education

Credit Corp

The cost at private higher education institutions can run more than double that. Paying for K–12 Educational Expenses for Your Child. You might take out a small personal loan to cover new band equipment, for example, or use a credit card to buy school supplies. Funding a College Education. Start saving early.

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Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores

Fico Collections

Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. Managing Lending Risk with FICO Scores Throughout the almost twenty-year history of the Prosper personal loan platform, anticipating macro-economic downturns is a core principle.

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Best Personal Loan Companies of 2022

Better Credit Blog

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal.

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The Lenders Giving Borrowers Second Chance Loans

Credit Corp

And unlike traditional loans, consumers with poor or slim credit histories may find that their creditworthiness gets judged in part by how they have handled utility bills or rent – transactions that usually don’t appear on credit reports. Flexible loan amounts. Support beyond the loan. Personal Loans from Credit.com.

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How to Use Alternative Data to Build Your Credit Report

Titan Consulting

Alternative credit sources that do not report to the credit bureaus can include payments for rent, utilities, service accounts, and personal loans. What is the Data Quality for Non-Traditional Payments Histories? Non-traditional payment sources can provide reliable data through established databases.

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