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How to Get a Personal Loan (Application, Approval, Alternatives)

Personal loans are typically unsecured loans offering up to $50,000 with a term of up to 5 years. They come in several shapes and sizes and interest rates, fees, and terms can differ greatly, but the average personal loan in the United States is between $7,000 and $8,000 and charged at a rate of 11% and 12%. Steps to Getting a Personal […]

How to Get a Personal Loan (Application, Approval, Alternatives) is a post from Pocket Your Dollars.

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Why Refinance Rates Are Higher Than Purchase Loan Rates

Mortgage interest rates dropped dramatically over the summer, to the point where home loans have never been cheaper in most of our adult lifetimes. With rates at historic lows, you might’ve considered taking advantage of them, either by purchasing a new home or refinancing your current mortgage. Recent figures from Freddie Mac show that mortgage […]

The post Why Refinance Rates Are Higher Than Purchase Loan Rates appeared first on Good Financial Cents®.

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Credit Card Balance Transfers

Credit card balances are crippling households across the United States, giving them insurmountable debts that just keep on growing and never seem to go away. But there is some good news, as this problem has spawned a multitude of debt relief options, one of which is a credit card balance transfer. Balance transfers are a […]

Credit Card Balance Transfers is a post from Pocket Your Dollars.

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Credit 101: What Is Revolving Utilization?

According to Experian, the average credit score in the United States was just over 700 in 2019. That’s considered a good credit score—and if you want a good credit score, you have to consider your revolving utilization. Revolving utilization measures the amount of revolving credit limits that you are currently using, and it accounts for… Read More

The post Credit 101: What Is Revolving Utilization? appeared first on Credit.com.

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3 Ways to Build Credit if You Can’t Get a Credit Card

Credit cards, interest rates, loans, even where you live—these all depend on your credit score. If you have a good credit score, you’re more likely to get better financial offers. But if you have a low or nonexistent score, the chances of getting prime financial offers are pretty slim. If you have low or nonexistent… Read More

The post 3 Ways to Build Credit if You Can’t Get a Credit Card appeared first on Credit.com.

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The Millennial Guide to Getting a Personal Loan

Personal loans have made something of a comeback over the last few years thanks to the rise of online lending. According to TransUnion, the number of consumers who are using personal loans jumped by 18% between Q3 2013 and Q3 … Continue reading →

The post The Millennial Guide to Getting a Personal Loan appeared first on SmartAsset Blog.

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Chase Credit Journey: Check Your Credit Score For Free

Chase Credit Journey is one of the many credit monitoring services that gives you a credit score for free. Launched by Chase, Credit Journey also monitors your score and gives you advice on to improve it. One of the best ways to get approved for a loan or a credit card is to have a …

The post Chase Credit Journey: Check Your Credit Score For Free appeared first on GrowthRapidly.

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Charged Off as Bad Debt: An Explainer

Making payments late or missing payments completely spells bad news for your credit rating. When you miss too many payments, your creditor may charge off the debt. When your debt is charged off as a bad debt, don’t fool yourself into thinking it goes away. A charged off debt can lead to harassing phone calls,… Read More

The post Charged Off as Bad Debt: An Explainer appeared first on Credit.com.

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Experian Credit Score vs. FICO Score

When you think “credit score,” you probably think “FICO.” The Fair Isaac Corporation introduced its FICO scoring system in 1989, and it has since become one of the best-known and most-used credit scoring models in the United States. But it isn’t the only model on the market. Another popular option is called VantageScore, the product… Read More

The post Experian Credit Score vs. FICO Score appeared first on Credit.com.