Bad Credit Scores: Improving Loan Approval Odds

The minimum credit score needed for personal loan approval is just one of three main factors, along with your employment history and income. A consumer with a rating above 700 stands a reasonable chance of borrowing money with decent terms.

Improving your score is always a smart move. However, consumer reporting agencies work in mysterious ways.

Lenders use these scores to decide who to accept or decline and what interest rates to charge. Learn the basics from a former industry insider – someone with a decade of experience as an executive with Experian.


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