Creditworthiness Lender Personal loans Student Loans 
Credit Corp
JUNE 12, 2023
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?
Better Credit Blog
MAY 20, 2022
Each year, tens of millions of Americans facing similar situations turn to personal loans to help ease the financial burden. With low interest for borrowers with strong credit scores, fixed rates, and a variety of lending sources to choose from, it’s easy to see why personal loans are so enticing. How Personal Loans Work.
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Debt Guru
MARCH 6, 2020
Use the same formula that lenders rely on when evaluating a loan application. The result is a percentage that determines your creditworthiness – in short, if lenders believe you’ll be able to repay the loan. Keep in mind that your ratio typically excludes mortgage and student loans.
Better Credit Blog
APRIL 1, 2022
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.
Collection Industry News
JUNE 1, 2023
The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.
Better Credit Blog
MAY 2, 2022
Your only job now will be to keep doing what you’re doing to maintain stellar creditworthiness. I always assumed my credit score wouldn’t be affected by the balances on my installment loans. But I noticed that once I paid off my auto loans and student loans, my credit score jumped more than 20 points.
Credit Corp
JUNE 14, 2023
A hard credit inquiry is when a credit card issuer or another lender reviews a credit report as part of your credit application. It happens when the lender or bank associated with your credit card company checks your credit report to see if you are eligible for acceptance. They’re also not usually visible to lenders or banks—only you.
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