A credit score ranges from 330 to 830 with the higher the number representing a lesser risk to the lender in addition to a better interest rate that may be obtained by the borrower. The first step into obtaining a loan is to run a credit check on yourself which can be purchased for $30 from either TransUnion, Equifax, or Experian. Step 2 – Obtain/Provide Your Credit Score Student Loan – Provided by the federal government or privately in order to pay for academic studies at a college or university.Personal Loan – Between friends or family.PayDay Loan – Also known as a “cash advance”, requires the borrower to show their most recent pay stub and write a check from the bank account where they are paid by their employer.Home Equity Loan – Secured by the borrower’s home in case the funds are not paid-back. ![]() Requires the borrower to purchase insurance in the chance of default. ![]() ![]() FHA Loan – To purchase a home with bad credit (cannot be below 580). ![]()
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