Why I took out a personal loan to boost my credit score - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

She never missed a payment

for the sole purpose of improving my credit score.

I'd been avoiding loans for a good reason: I didn't want to go into debt. But I learned that if I strategized,I requested a personal loan from my bank. I considered taking out a loan with a one-year term, because I didn't want debt hanging over my head. However, after talking with my father, as well as a banker, I landed on a $2,000 loan with a two-year term. Consistently making payments on time for a longer-term loan would demonstrate greater reliability and help my credit score.

When I took out a personal loan, I opened a new bank account for the express purpose of keeping the loan money in a separate place. This way, I wouldn't be tempted to touch the money. Then, I set up automatic monthly withdrawals from that account so that I'd never miss a payment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why a consultant recommends the Sapphire Reserve and Amex Platinum - Business InsiderFor this frequently traveling consultant, the Chase Sapphire Reserve and Amex Platinum are essentials for everyday spending and earning. Reminds me of Citi-bank Dinner's Club card which was offered voluntarily .Though Purchase limit is Unlimited on Dinner's-club -didn't use it for Long as I've principle to never seek Happiness over Borrowed money Thanks to narendramodi's Acche-Din: Nil-Cash in Market -So-Relaxed help him out! show him some love. thx :)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why Delta Air Lines’ $1.6 Billion Bonus Payout To Employees Is A Smart Business DecisionDelta Air Lines CEO Ed Bastian announced that he will pay his employees a record-setting $1.6 billion on Valentine's Day. “The airline is also being sued for dumping 15,000 gallons of jet fuel over a school in Los Angeles, dousing young children.” 😳 Wow congratulations maddietaber feel like you would enjoy this
Source: Forbes - 🏆 394. / 53 Read more »

Going freelance was one of the best decisions I've made for my health — here's why - Business InsiderWhen Lindsay Patton-Carson was fired from her job, she realized that she could become a full-time freelancer — and it's been great for her health. Was good for me too. Except when you a black and too good at your job you run into problems in the UnitedKingdom also done wonders for your smile.........
Source: BusinessInsider - 🏆 729. / 51 Read more »