Consumer Protection & Traditonal Installment Loans
In the dwindling economy today, standards of living have gone skyrocketing. So it’s no surprise that the costs are also sky-high. Nevertheless, we strive hard to live within our means. But sometimes, the money we make from our regular 9 to 5 jobs just isn’t enough.
It gets all the harder when your credit score isn’t exactly high. But have you ever heard of installment loans that don’t do credit check? It promises to give you financial help at low costs and flexible terms. Apply for a loan and get help for your urgent financial needs.
Categories: Loan Videos Tags: consumer protection, enough, ever, give, Installment Loans, regular
Do you need an installment loan to maintain or build credit?
Question by AquaAngel: Do you need an installment loan to maintain or build credit?
By the end of this year, I will have all of my insallment loans paid off except for my mortgage. I have 2 credit cards that will be in good standing, low balances and all that. I want to build my credit to get the best rate I can to build a house in about 2 years. Am I going to need another installment loan on my credit report to have a good enough score? Or will the mortgage and credit cards suffice?
Best answer:
Answer by TheOnlyBeldin
Unless you have instances of defaulting or non-payment in your past, with the situation you describe, your credit should be good enough. Check your credit report for any errors.
Give your answer to this question below!
Categories: Loan Questions Tags: Build, Credit, enough, Installment, loan, maintain, Need, Question