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How Do Student Loans Affect Your Credit Score?

March 1, 2023 by Brett Tams

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Student loans don’t just help you pay for your college education. They also allow you to build a credit history, which can be useful when it comes time to get a mortgage or take out a car loan. The key is to make regular on-time payments. Here’s a look at how student loans can affect […]

The post How Do Student Loans Affect Your Credit Score? appeared first on SoFi.

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How a Personal Loan Can Boost Your Credit Score

May 5, 2022 by Brett Tams

How a Personal Loan Can Boost Your Credit Score

One of the factors lenders look at during loan processing is the applicant’s credit score. It’s a good idea to review your own credit reports before applying for a loan to see if there are any errors that can be corrected and possibly increase your credit score, if needed. If your credit score is not […]

The post How a Personal Loan Can Boost Your Credit Score appeared first on SoFi.

Posted in: Financial Advisor Tagged: advice, All, ask, balance, Bank, Benefits, borrowing, budgets, build, build credit, building, Building Credit, california, clear, Credit, Credit Bureaus, credit cards, credit history, credit rating, credit repair, Credit Report, Credit Reports, credit score, credit scores, credit utilization, credit utilization ratio, CSM, Debt, Debts, FDIC, Fees, fico, fico score, finances, Financial Wize, FinancialWize, financing, General, goalCreditScore, good, great, history, impact, improvement, interest, interest rates, late payments, Law, Learn, lenders, lending, loan, Loans, Make, making, missed payments, More, Mortgage, mortgage loans, new, offer, organization, Other, paycheck, payment history, Personal, personal loan, Personal Loans, personal_loan, products, property, protection, Raise, rate, Rates, Review, Secondary, sofi, states, student, Student Loans, under, unsecured loans, updates, wants, will

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