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Personal Loans
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There were 14 articles found in this category:
 What will my interest rate be?
Your interest rate will depend primarily on three things: your credit score, how much you borrow, and the state you live in. Each state has different regulations governing interest rates. The general rule of thumb is that the better your credit score, the lower your interest rate will be.
- What is the difference between a cash advance and a personal loan?
An unsecured personal loan allows you to borrow between $1,000-$15,000. To qualify for the loan you must meet certain credit and income requirements.Collateral also may be required for the higher loan amounts. Apply for an unsecured personal loan. A payday loan or cash advance loan allows you t ...
- What can I do to increase the chances of loan or credit card approval?
To increase your chances of loan approvals in the future, we recommend that you pay your bills on time, use your accounts responsibly, keep your credit card balances low, and remove negative inaccuracies from your credit reports. If you do not already have a credit card, you can build your credi ...
- What is an unsecured personal loan?
An unsecured personal loan allows you to borrow between $1,000-$15,000. These loans can be paid off during the course of 1-6 years and normally do not require a collateral such as a car, a house, etc. To qualify for an unsecured personal loan, you must meet certain credit score and income requir ...
- What is peer to peer lending?
Peer-to-Peer, also known as Person-to-Person Lending, is a fairly new way for consumers to obtain financing without going through banks. The transaction occurs between a borrower and a lender or lenders who are other individuals -- not banks. Often many different lenders compete for your busines ...
- If I cosign for my friend will it lower my chances of obtaining a loan?
Strictly speaking, no. The fact that you are a cosigner in and of itself does not necessarily lower your chances of obtaining a loan in the future. However, even if the cosigned account is paid on time, the debt may affect your credit scores and revolving utilization, which could affect your abi ...
- What is a secured loan?
A secured loan is a loan that is assured – “secured” -- by collateral such as a car, a house, etc. It is different from an unsecured loan like a credit card balance, which does not require such collateral. Research different loan options and apply today!
- What is a cash advance loan?
A payday loan, or cash advance loan, is a short-term loan with normally no credit check required. With a payday loan you can borrow up to $1,000 to help you deal with any financial emergency. Payday loans are meant to be short-term loans and are designed to be repaid within one or two pay perio ...
- Why was I denied a loan?
A lender may deny your application for a personal loan if you did not meet one of the minimum requirements listed on the first page of the application or if: Your credit score is too low or you don’t have a credit history You do not live in the US You have a recent past bankruptcy You hav ...
- How do I qualify for a personal loan?
Credit.com currently offers two types of personal loans: Unsecured personal loans and emergency payday loans. Unsecured personal loans allow you to borrow between $1,000-$15,000. These loans are credit-based, long-term loans. Emergency payday loans allow you to borrow between $100-$999.99. Thes ...
- How much can I borrow?
This depends on what type of loan you apply for, but in general the better your credit score, the easier it will be to borrow more money. The maximum amount of money you can request with Credit.com when you apply for a personal loan is $10,000. If you are a homeowner, you could qualify for $15,000.
- What is the prime rate?
The prime rate, also known as the Prime Lending Rate, is a term used to refer to the interest rate used by banks. The prime rate normally follows inflation rates. In the past, the prime rate was the actual interest rate. This is no longer the case. The prime rate varies little among banks, ...
- What is a cosigner?
A cosigner is an additional person who signs a loan document and takes equal responsibility for the debt. Borrowers may want to use a cosigner if their credit or financial situation is not good enough to qualify for a loan on their own. Also, some borrowers may not earn enough to qualify for a l ...
- What is a cash advance?
A cash advance is a a cash loan requested from your creditor, usually through your credit card at an ATM machine. A cash advance can also be a loan advance on your paycheck. These loans include high interest rates charged on the amount of the advance. Not sure how to handle your debt? Find out m ...
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