Home / Personal Loans / How does a personal loan affect your credit score?

How does a personal loan affect your credit score?

personal loan can consolidate credit card debt and improve your credit score for several reasons: A personal loan is an installment loan so debt on that loan won’t hurt your credit score as much as debt on a credit card that’s almost to its limit, thereby making available credit more accessible.

About admin

Check Also

What is a personal loan from a bank?

Loans, Personal Loans. If you need to borrow money to consolidate credit card debt, move cross-country or …

Leave a Reply

Your email address will not be published. Required fields are marked *