The best use of a signature loan depends on your unique financial circumstances. Here are some scenarios where using one might make sense. If you have high-interest debt, like credit card debt ...

What Is a Credit-Builder Loan? Credit-builder loans are small (fake) loans with low fees that help bad-credit or no-credit borrowers build or rebuild credit. Credit-builder lenders report your monthly ...

Building credit at 18 is a smart move. Most people don’t put much thought into their credit scores until the time comes to apply for a loan or credit card. But building credit is important to ...

A credit-builder loan helps people build credit through a record of on-time payments. There's also a savings boost as the borrower gets the loan amount in full once all payments are made.

With nearly a decade covering personal finance, Rebecca Safier simplifies loans and other complex financial topics to help people manage their money with confidence. Her work has been featured in ...

Requesting a credit builder loan, secured loan, or becoming a co-signer on a family member’s loan can also help you start building credit safely. Although some of the best strategies take time ...

Why build credit? You’ll need decent credit if you ever plan to apply for a mortgage to buy a home, or if you hope to get a car loan with a good interest rate, or if you want to qualify for a ...

Keep in mind: A co-signer will be liable for repayment ... The payments you make on a credit-builder loan are reported to at least one of the three major credit bureaus — Equifax, Experian ...

Much like with loans ... signer for you. You could also ask to become an authorized user on someone else’s account. No matter how you start your credit journey, just be sure to continue building ...