Credit Corp

APRIL 26, 2021

With the help of our research provider, Pureprofile, Finder surveyed 1,718 American adults in January 2021 to see how personal loans are being used in the US. of Americans, said they have taken out a personal loan in their lifetime. And personal loans are a popular way to fund the first few months of business.

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Better Credit Blog

APRIL 2, 2022

Whether you’re making a big purchase or just refinancing some existing debt, a personal loan could help. But comparing loan options could take days — unless you use an online marketplace like Fiona which lets you compare personal loan offers side by side within minutes. How Fiona Loans Work.

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Credit Corp

MARCH 12, 2025

Whether you are facing unexpected costs or you simply need extra financial support, personal loans are a viable option that many people rely on. adults have an unsecured personal loan as of the third quarter of 2024. So, you’re not alone in wondering how to apply for a personal loan.

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Better Credit Blog

APRIL 1, 2022

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal.

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Nerd Wallet

OCTOBER 14, 2021

Like a house, car or other investment, your cryptocurrency can serve as collateral for crypto loans, which are loans that can have low interest rates, same-day funding and no credit check. The article Crypto Loans Unlock Cash, but They Carry Risks originally appeared on NerdWallet. The downside?

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Credit Corp

MAY 1, 2024

Paying off a credit card with a personal loan can offer the advantage of potentially lower interest rates, saving money on interest charges over time. However, the personal loan could come with origination fees or other charges that should be carefully considered. What Is a Personal Loan?

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Sawin & Shea

JUNE 16, 2021

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. Apply for a Home Equity Loan or a Home Equity Line of Credit (HELOC).

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Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

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Credit Corp

JANUARY 24, 2024

A personal loan enables you to borrow a lump sum of money and repay it in fixed installments. While personal loans can be a useful tool, there are important factors to consider before taking one out. According to recent statistics , millions of Americans have personal loan debt, with the average loan amount being $16,931.

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Better Credit Blog

APRIL 1, 2022

If you need money now, an online personal loan can be a fast and easy way to secure funds. Whether they’re for debt consolidation, a home improvement project, or other expenses, these loans often come with low-interest rates and flexible repayment options. Ad If you're struggling to make ends meet, a Personal Loan can help.

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Nerd Wallet

JUNE 22, 2021

A signature loan is a fixed-rate, unsecured personal loan offered by an online lender, bank or credit union. It’s called a signature loan because it’s secured by your signature instead of collateral, like a car or an investment account. The article What Is a Signature Loan? The best way to.

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Credit Corp

SEPTEMBER 16, 2020

Credit Builder Loans. Credit builder loans aren’t widely publicized, but they are a great way to build credit without a credit card. Smaller institutions like credit unions are generally more likely to offer credit builder loans specifically to help borrowers build credit. Passbook or CD Loans. Peer-to-Peer Loans.

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Credit Corp

AUGUST 24, 2021

Vacation loans can help you cover all expenses, from transportation costs to accommodations and food. But these loans aren’t as perfect as they seem. These kinds of loans come with potentially high interest rates and fees. What Is a Vacation Loan? How Much Could the Vacation Loan Cost?

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Debt Guru

JULY 19, 2020

It works by getting one new loan and using that to pay off multiple existing creditors. You pay off multiple types of loans and credit card balances with your new consolidation loan, and you’re left with a single monthly payment to the new lender. The difference is that unsecured debts are not backed by collateral.

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Sawin & Shea

JULY 6, 2022

A common question we receive from those considering bankruptcy is how it impacts personal guarantees. If you’re considering filing for bankruptcy, you need to consult with a bankruptcy attorney before signing a personal guarantee. What Is a Personal Guarantee? Does a Personal Guarantee Survive Bankruptcy?

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Credit Corp

MAY 30, 2021

Securing a loan can be a big financial decision with a lot of implications on your personal finances and your life. There are many types of loans for a variety of purposes, but it’s always critical to consider certain key criteria in detail before making any final decisions. How to Secure a Lower Interest Rate on Your Loan.

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Credit Corp

OCTOBER 25, 2023

While it is possible to get a loan with no credit through some lenders, you may face high interest rates and unfavorable terms. Luckily, there are alternative ways to get a loan with no credit history. Table of Contents: What Is a No-Credit-Check Loan? Continue reading to discover how to get a loan with no credit score.

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Credit Corp

JANUARY 24, 2024

You need decent credit to take out a loan, but you can’t build good credit if you don’t have a credit card , a loan, or another type of credit history in the first place. If you’re ready to build your credit, you could take out a credit builder loan. What Is a Credit Builder Loan? How Do Credit Builder Loans Work?

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Credit Corp

APRIL 19, 2023

Credit-builder loans Credit-builder loans are a lot like what they sound like. They’re low-interest rate loans that help borrowers with poor or no credit build credit, and they function differently than your typical loan. Interest rates for passbook or CD loans are typically lower than credit cards or personal loans.

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Payment Savvy

JULY 21, 2023

Building a successful startup comes with its fair share of challenges, chief amongst them being the search for loans and funding. While chasing that dream investment, startups often face a tough time trying to secure loans, primarily due to minimal or no revenue. Personal term loans can be a viable option for startups with no revenue.

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Credit Corp

SEPTEMBER 13, 2023

Basically, credit scoring models want to see that you can manage different types of financing, most notably revolving accounts, such as a credit card, and installment accounts, such as a mortgage or auto loan. You are not required to pay the loan in full each month. Depending on the reason, they often do not require collateral.

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Debt Guru

MARCH 6, 2020

Use the same formula that lenders rely on when evaluating a loan application. The result is a percentage that determines your creditworthiness – in short, if lenders believe you’ll be able to repay the loan. Keep in mind that your ratio typically excludes mortgage and student loans. You could afford to shoulder more liability.

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Better Credit Blog

AUGUST 9, 2021

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

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Better Credit Blog

AUGUST 9, 2021

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

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Qualco

APRIL 15, 2024

A CHANGING CREDIT LANDSCAPE Over the past five years, there has been a significant increase in the usage of unsecured credit products, such as personal loans and credit cards, particularly following COVID- 19 and the rising cost of living.

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Debt Free Colorado

DECEMBER 9, 2021

Unlike Chapter 7, Chapter 13 bankruptcy enables you to decrease the interest rate on your vehicle loan and, in certain situations, the total amount owed. Chapter 7 will not assist you if your primary source of debt is a mortgage, auto loan, or other kinds of debt. Unsecured debt is debt without collateral.

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Titan Consulting

SEPTEMBER 2, 2020

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. Personal Loan s are an option if you have excellent credit and high enough income to qualify for additional debt. Key Takeaways. Debt consolidation may not save you much money.

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Sawin & Shea

JANUARY 18, 2023

Chapter 7 bankruptcy is a form of personal bankruptcy that liquidates filers’ assets to discharge qualifying unsecured debts. Unsecured debts are not backed by collateral, such as car payments and home mortgages. What is Chapter 7 Bankruptcy?

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Sawin & Shea

NOVEMBER 15, 2023

In broad terms, if a debt is secured, it means it is backed up by collateral property. If a debt is unsecured, no collateral is put up as a guarantee to pay. The two most common examples of secured debt are mortgages and auto loans. The debtor must maintain regular payments on the secured loan in order to keep the collateral.

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Sawin & Shea

MAY 2, 2024

If you qualify for Chapter 7 bankruptcy, our attorneys can guide you through the process of eliminating unsecured debts, such as credit card balances, medical expenses, and personal loans, within a matter of months. Student loans are also difficult but not impossible to discharge in bankruptcy.

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Sawin & Shea

AUGUST 9, 2023

Briefly, unsecured debts are not backed by any collateral and include things like credit card balances and unpaid medical bills. Creditors cannot reclaim any of your property if you default on a loan. However, secured debt means the borrower has put up collateral (e.g. When Should I Consider Declaring Bankruptcy?

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Better Credit Blog

MAY 4, 2022

These include transferring all your debt onto just one credit card as well as taking out a secured or unsecured personal loan—perhaps with the help of a professional debt consolidation company. You can combine credit card debt, car finance, personal loans, student loans, medical bills, payday loans, and other types of unsecured debt.

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Credit Corp

JANUARY 24, 2024

Credit cards can take several days, loans can range from days to weeks, and mortgages can take weeks to a month. Lenders consider multiple factors when you apply for loans and credit cards , including your credit score and current finances. How Do I Apply for a Loan? How Do I Apply for a Loan?

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Sawin & Shea

JANUARY 25, 2022

Secured debts are a type of debt backed by an asset that is used as collateral. For example, when you take out a home loan, you will be required to sign a mortgage which grants the lender a lien, or security interest against your home should you fall behind on payments. What is Secured Debt? Examples of Secured Debts.

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Sawin & Shea

JUNE 7, 2023

Co-signers are beneficial for those seeking to obtain loans and credit cards. Obtaining Personal Loans with a Cosigner Having a co-signer on a personal loan or credit card means that you associate another individual with your debt. Plus, being a co-signer can help a debtor build credit. What’s a Guarantor?

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Debt Free Colorado

DECEMBER 23, 2024

Unsecured debt is a type of debt that is not backed by collateral. Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. These debts have no collateral, so creditors cannot take your property without going to court first. This means there is no property tied to it.

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Sawin & Shea

MARCH 13, 2024

A reaffirmation agreement is a document that re-obligates a debtor to repay a particular debt, such as a car loan, mortgage, or other loan type. It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor.

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