If you’re young and just starting to build your career, or just have a weak credit history, it’s likely that your credit score is in the poor to fair range. Your credit score can affect lots of things in your life, including rates on a loan, whether you’d get approved for a place to live, and more. All this boiled down means that it’s important that you’re taking steps to improve your credit score.
If used correctly, taking out a personal loan can help you boost your credit score. The more positive activity reported to credit bureaus, the more your score goes up. You can use a variety of methods to help ramp up your score faster, including personal loans and credit scores.
Credit Fair-E is different than other lenders. We are committed to helping our clients not only get out of sticky situations quickly, but actually helping them improve their credit. We have made it our mission to help you get on a better path to financial health, which means getting you out of the debt cycle once and for all.
Our loan process is specifically designed to meet your current needs and also help you stay on track. We want you to improve your credit score so that you are eligible for better terms in the future.
If you’re trying to improve your credit score, taking out a personal loan might make a lot of sense. Especially if you have high-interest debt, a personal installment loan can help you consolidate and get out of the hole sooner – and boost your credit score at the same time.
When you submit your application, we’ll help you plan a repayment strategy that helps you avoid racking up more debt so that you can get back on the road to financial health.
Taking out a personal loan to consolidate your credit card debt, you can lower your credit card(s) utilization. When you use the loan to pay off the balances, your credit score will show greater unused credit. Loans with Credit Fair-E aren’t factored into credit utilization because they are installment loans that have a fixed payment plan.
When you’re responsible with your personal loan, and you make consistent payments on time on a personal loan, that activity is reported to the three major credit bureaus. Luckily, Credit Fair-E makes it easy to take care of payments quickly and responsibly.
When you have a variety of different types of credit being reported to credit bureaus, like credit cards and loans, it shows lenders that you’re able to balance a mix of credit card products responsibly.
Because our entire process is transparent and easy to follow, you’ll always understand exactly what you’re signing up for. There are no hidden fees or surprises.
We try hard to make sure that all of our fast loans are straightforward. We’ll make sure that repayments happen according to your pay cycle with direct debit. Once your loan is approved, you’ll get repayment reminders in advance.
If you’re concerned with any part of the process, or you’re worried about making payments, contact our team at Credit Fair-E. We believe in making credit issues easier for you, and helping people get financially secure is what we do. As real people who have been in sticky situations before, we’d love to answer your questions and help you get to where you want to be.