Personal loans can be used to pay for pretty much anything you want. Whether you just need a quick cash infusion, have to make an unexpected purchase or need to bridge a financial gap, you may be considering taking out a personal loan. These loans are often unsecured, which means those without anything to put up for collateral may still be able to get approval.
Prospective borrowers looking to use a personal loan typically have a lot of questions. What effect is a personal loan going to have on my credit score? Will a personal loan raise my credit score? Can a personal loan hurt my credit score? As FICO is expected to adopt an updated credit score scoring system this year, the effects of a personal loan on your report are expected to increase your credit score.
Check Your Personal Loan Rates
Answer a few questions to see which personal loans you pre-qualify fo… Read More