Loans

Loans of any kind represent an important part of your credit report, with the time interval, amount of debt incurred and payment history all heavily influencing whether you can borrow again in the future.

Latest Articles

Can I Get a Loan Against My Tax Refund?

Yes, you can get a loan against your tax refund if a “tax advance...

How to Get a Personal Loan Without a Credit Check

You can get a personal loan without a credit check, but it’s not always...

I Don’t Have a Job. How Can I Get a Loan?

Even if you don’t have a job, you can still get a loan. Lenders...

How to Lower Debt and Boost Your Credit Score In One Shot

An installment loan is where you borrow a specific sum of money and pay...

7 Things You Need to Know About Refinancing Student Loans

Whether you’re fresh out of school or have been out for a while, you...

What Is a Salvage Title Car and Should I Buy One?

A salvage title car is an official indication that a vehicle has been damaged...

Where Can I Get a Loan?

You can get a loan from a bank, credit union or online lender. Your...

What Is the Average Student Loan Debt?

The average student loan debt in 2017 was $34,144 per borrower, according to Experian’s...

What Is Income-Based Repayment?

An income-based repayment program, or IBR, is one of four income-driven plans available to...

How Much of a Down Payment Should You Make on a Car?

Nearly 90% of new car buyers and more than 50% of used car buyers...

How Do I Defer My Student Loans?

Roughly 44 million Americans have student loan debt and 33% have been late making...

What Is a Direct Stafford Loan?

A Direct Stafford Loan is a federal student loan that is offered to both...

How to Improve Your Credit Score to Qualify for a Loan

  • Make on-time payments on one or more credit cards or credit accounts, utility bills and medical bills.
  • Maintain low balances on credit cards and other forms of revolving credit.
  • Apply for new credit only as needed, but keep unused credit cards open.
  • Pay off debt rather than move it around.
  • Protect credit accounts from fraud and identity theft.
  • Avoid any financial legal judgments.

How Much Personal Debt Should You Have

As a general rule, your total debt including home, auto, and personal commitments should amount to no more than 36 percent to 41 percent of your monthly income before taxes.