Personal Loans Articles

Magnifying glass over words "Credit Score"
Nov, 9, 2011
Credit scores represent how much of a credit risk borrowers are to lenders. Particularly for unsecured loans, like personal loans, a borrower’s credit score must meet a lender’s expectations. Credit scores are determined from information held by several credit bureaus, but are congregated into a single report by a company called Fair Isaacs Corporation, more commonly known as FICO.
Red apple and green apple
Sep, 19, 2011
When a borrower is in need of cash fast, there are many options – two of which are a line of credit and a personal loan. Both offer money when it’s needed from a private lender like a bank, but each has its own benefits and consequences and fits a different personal situation.
Girl thinking while looking upwards with hand on chin
Sep, 12, 2011
One of the most important things that many lenders consider is your credit score, which indicates the borrower’s financial history and his or her ability to pay back debt. A bad credit score, while not a death sentence, can cause a plethora of problems when applying for or paying back a personal loan.
Stack of credit cards
Sep, 12, 2011
One of the key determining factors in establishing the interest rate and terms of a loan and a loan's basic availability is the prospective borrower’s credit. People with bad credit face more restrictions and disadvantages when attempting to secure a loan – and personal loans are not exempt. While having a high credit score may enable greater borrowing opportunities, people with bad credit may still be eligible for a variety of personal loans with a number of different terms and requirements.