What Is a Credit Builder Loan?

A credit builder loan is a financial product that can help consumers establish a positive credit history. Unlike a traditional loan, borrowers will receive a

what is a contingent loan
Key Takeaways A contingent loan, also known as a mortgage contingency, is a clause in a home purchase contract stating the sale will only proceed if…
installment vs revolving loans
Key Takeaways When comparing an installment loan to revolving credit, it is important to remember an installment loan provides a lump sum repaid in fixed monthly…
remove payday loan from credit report
Key Takeaways You can only remove a payday loan from your credit report if it was reported in error or the lender was operating illegally—otherwise, accurate…
900 loan
Key Takeaways If you need a $900 loan, you can choose from various options including personal installment loans, payday loans, credit union loans, and cash advances….
how do pawn shops determine value
Key Takeaways How pawnshops determine value: Pawn shops rely on several perspectives, including market value and resale value, item condition and demand, and profit margins. They…
can you go to jail for not paying a payday loan
Key Takeaways Can you go to jail for not paying loans? You can’t go to jail for not paying payday loans; lenders/collectors threatening jail is illegal…

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