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Credit Scores

How Do Installment Loans Affect Credit Score?

An installment loan is a type of financing where borrowers pay back the lender the principal plus interest. Some of the most common examples include mortgage, student loans, and car loans. Regardless of what type of installment loan you take out, it will end up influencing your credit score if it is reported to a […]

Rebuild Your Credit With An Installment Loan

If you have a murky credit history, it can be challenging to bounce back. Luckily, we can suggest one straightforward way to get the needle moving to the positive side: A credit-building loan. The premise is simple. You take a small loan with a favorable interest rate, and you repay it over the period of […]

Improve Your Credit Score

These days, your life is very much dependent on your ability to maintain good credit. Approval for installment loans, credit cards, mortgages, auto loans, and even rental housing, are based on your credit score and your demonstrated ability to pay off debt. With that in mind, understanding your credit score and how it affects you […]

Different Ways to Rebuild Credit

With a sluggish economy and many high school and college graduates unable to find jobs, many Americans these days are suffering from poor credit. But a low credit score does not have to be taken for granted. Credit scores can change! Here are a few things you can do to start improving your credit score. […]

Understand Your Fico Score

The purpose of your fico score is to illustrate to lenders your ability to pay upon your debts. In a sense, it’s your financial savviness. A predetermined algorithm uses five categories to reach your unique credit score. The categories are: 10% — Types of Credit Used 10% — New Credit 15% — Length of Credit […]

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