When it comes to your financial record and your credit score it is clear that everything you do in relation to your finances, from applying for a loan to being late with a payment, for instance, can all have a positive or negative impact on your number.
If you are seeking out access to some faster cash than you might get with a bank it might be that you decide to seek out a better installment loan to give you what you need, but how does that move impact on your credit score?
It’s a question that many consumers seem to want to know the answer to, so if you want to know a bit more about how installment loans can affect your credit score in the short and long term, here are some of the key points to consider.
A chance to build your credit score
If you have a bit of a problematic credit history and there are a few missed payments and defaults that have happened for whatever reason, you will want the chance to set the record straight and show that you can handle your money responsibly.Continue Reading