Lenders often have minimum credit score requirements for personal loans, but there isn’t one minimum score every lender uses.

A loan closure can nudge your score up or down depending on timing, repayment history and what else is in your credit file. Here’s how it actually works.

Whenever you apply for a loan, lenders run a hard inquiry on your credit report to evaluate your profile. One inquiry won’t ...

Many borrowers believe that closing a personal loan—whether by completing the full tenure or making an early ...

Millennials face unique financial challenges with student loan debt, housing costs and economic uncertainty affecting this generation disproportionately, many are looking for strategic ways to improve ...

A credit score is shaped by payment history, credit utilisation, credit mix and inquiries, with disciplined borrowing and ...

Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By Written by Staff Deputy Personal Finance Editor, Buy Side Valerie Morris is a staff deputy personal finance editor at ...

A credit score of 817 sits firmly in the excellent range in the nation’s credit scoring system. Four major credit bureaus, namely CRIF High Mark, CIBIL, Experian and Equifax, provide credit scores to ...

Defaulting on a personal loan will impact your credit, make it harder to borrow in the future and could lead to collection efforts. If the personal loan is secured, you could also lose the asset that ...

Learn how credit scores influence car loan interest rates in 2025.

Successfully repaying a personal loan might unexpectedly lower your credit score, raising questions about the implications of loan closure.