Credit Advice » Loans » Personal


Personal loans that finance something other than your home or car can become an important part of your credit history. Here are answers to some of the most common questions Experian receives when it comes to personal loans.

How Will the Lender Determine My Loan Eligibility and Terms?

They’ll base that decision on your credit report and credit score. Such reports gauge the statistical risk of lending to you based on a set of weighted variables. In addition to your regular credit history, the reports may include your payment of mobile phone accounts, gas or electricity accounts, and medical bills, as well as whether you’ve been subject to financial legal judgments.

How will My Income Affect the Lender’s Decision?

Your income won’t be the most important factor. The lender will verify whether you have sufficient income to repay the debt, but will more closely consider your history of repaying debt.

Should I get a personal loan to pay off my credit card?

September 22, 2016

Dear Experian, The balance on one of my credit cards is so high that making payments has been difficult. What’s the best thing to do with minimal damage to...

Best Personal Loans

Find personal loans for bad to good credit, and explore options that could help consolidate debt. Sign up for free and see what is impacting your credit.

Browse Personal Loans

Here’s How Much Your Personal Information Is Selling for on the Dark Web

The dark web is a huge marketplace for stolen data and personal information. Find out how much your information is selling for on the dark web.