Remove Credit Card Debt Remove Creditworthiness Remove Financial Institution
article thumbnail

What Is a Personal Loan?

Better Credit Blog

How Personal Loans Affect Your Credit Score. Personal loans are installment loans offered by a bank, credit union, or other financial institution to an individual borrower. Consolidating Debt. Personal loans can help with debt consolidation. And faithfully making payments can quickly boost your credit score.

article thumbnail

This Week In Credit Card News: Interest Rates Expected To Keep Rising; Credit Card Trends In 2023

Collection Industry News

Issuers will likely turn off the spigot of generous incentives and easy credit in 2023 in response to a weaker economy, according to analysts. We spoke to credit experts about emerging credit card trends, how they may impact consumers and how you can prepare. People might find themselves in more credit card debt.

Banks 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Personal Loan Companies of 2022

Better Credit Blog

They’re great for credit card debt consolidation, home improvement projects, major car repairs, or any other cash-heavy project. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Like LendingTree, Credible is free to use and won’t harm your credit score.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

article thumbnail

Best Credit Cards of June 2023

Credit Corp

Pros and cons Pros Low first-year annual fee No credit score requirement Low minimum deposit Cons Annual fee *FICO scores and credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. The Top Cards The best credit cards depend on what you need.

Banks 52