How Does a Personal Loan Affect Your Credit Score?
There’s no mystery to it: A personal loan affects your credit score much like any other form of credit. Make on-time payments and build your credit. Any late payments can…
Narottam Medhora
Narottam covers personal loans and small businesses for NerdWallet. Previously a financial journalist at Reuters, he has dealt with a range of industries, from Canadian miners to Silicon Valley behemoths. His work has appeared in The New York Times, CNBC and Business Insider. Although originally from Calcutta, India, Narottam is based in Chicago and enjoys spending time finding and researching the best ways to budget.
Posts by Narottam Medhora:
What Is an Installment Loan?
An installment loan is money you borrow and pay back with fixed payments — or installments — over a period of time, or term. It differs from a revolving line…
Personal Loans for Excellent Credit: Best for June 2019
Remember that feeling when you got VIP passes to see your favorite singer or team? Having excellent credit is like that, too. A credit score of 720 or higher puts you in a…
Vacation Loans in 2019: Ways to Finance Your Travel
Vacation loans work the same way as personal loans: You take out an unsecured loan, receive the funds in your bank account and use the money however you like, for…
Installment Loans: Compare Alternatives to Payday Loans
Installment loans are borrowed funds that are repaid in equal parts over a period of time. They are different from revolving lines of credit, which don’t have fixed payments and allow you…
Small Personal Loans in 2019: Compare Your Options
A small personal loan can be a quick, convenient option to pay an immediate expense, like a medical bill or car repair, if you don’t have emergency savings or alternative ways to…
Best Egg Personal Loans: 2019 Review
Good for: Good credit, debt consolidation Best Egg offers personal loans for borrowers with good credit. The loans can be used for debt consolidation, home improvement and most other expenses.…
Marcus by Goldman Sachs Personal Loans: 2019 Review
Good for: Fair to good credit, debt consolidation Marcus is an online lender owned by Goldman Sachs that makes debt consolidation loans to those with fair to good credit scores.…
Personal Loans for Good Credit: Best for June 2019
Borrowers with good credit — generally considered a credit score of 690 to 719 — typically find favorable interest rates on most unsecured personal loans, which can be used to…
Online Loans: 7 Best Lenders in 2019
Traditionally, when you needed money, you visited your bank for a loan. Some banks still offer personal loans, but today you also have the option of online loans. Getting a…
