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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Lower Monthly Payments on Short-Term Loans: Bad Credit

Short-term loans that have low monthly payments don’t make sense. Having lousy credit makes the conflict worse. However, specific strategies can help you fund emergency needs while making the payments more affordable. This article looks at the different choices. Critical …
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Lack Of Recent Installment Loan Information: What To Do

Credit score reason codes explain the factors affecting your score most.  The code “Lack of Recent Installment Loan Information” means your consumer report is not diverse.   Your credit report is better if it shows you paid back different kinds …

Small Personal Loans With Bad Credit And Low Income

The trick to getting a personal loan when you have a bad credit history and a low income is to keep the requested amount as small as possible. Small borrowed amounts help overcome the higher default risks associated with a …

Lack Of Auto Account Information Meaning for Credit Score

The “lack of auto account information” factor code means you must improve your trade line diversity to increase your credit score by adding a car loan or lease. Credit score factor codes guide consumers in increasing their ratings and fall …
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Personal Loans for People on Disability Benefits: Bad Credit

Finding loans that accept disability benefits is easier than you think. Lenders love the reliability baked into government-funded programs that send regular monthly checks! The money keeps coming despite recessions, depressions, pandemics, earthquakes, hurricanes, and other acts of God. However, …
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Credit Bureau With the Lowest, Middle, or Highest Score

The answer to which credit bureau gives the lowest, middle, or highest FICO® or Vantage® score reveals how the industry operates and possible ways for consumers to boost their qualifications. Hard inquiries drop scores by about 5 points but only …
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Personal Information Doesn’t Match Credit Bureau Files

If you recently received a message from a free score site stating,” Your personal information doesn’t match credit bureau files,” you might wonder what it means and what steps are needed to rectify the problem. You cannot get a free …
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What Does Your Credit Score Start At When You Turn 18?

Have you ever wondered what credit score everyone starts at? You might be surprised that it takes over six months to get to square one! We all begin without a credit history, and reaching your 18th birthday does not automatically …
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How to Get a First-Time Loan at 18 with No Credit History

How do you get a first-time loan at 18 with no credit history to establish financial reliability, no cosigner to act as guarantor, and no job to generate income? It depends. Private lenders risk their money and have strict underwriting …