Loans of any kind represent an important part of your credit report, with the time interval, amount of debt incurred and payment history all heavily influencing whether you can borrow again in the future.

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What Is the Average Student Loan Debt?

The average student loan debt in 2017 was $34,144 per borrower, according to Experian’s...

What Is Income-Based Repayment?

An income-based repayment program, or IBR, is one of four income-driven plans available to...

How Much of a Down Payment Should You Make on a Car?

Nearly 90% of new car buyers and more than 50% of used car buyers...

How Do I Defer My Student Loans?

Roughly 44 million Americans have student loan debt and 33% have been late making...

What Is a Direct Stafford Loan?

A Direct Stafford Loan is a federal student loan that is offered to both...

How to Get a Car Loan if You Have Bad Credit

Trying to get a car loan with bad credit can feel like having a...

What Is an Unsubsidized Loan?

An unsubsidized loan is a federal loan for undergraduate college students who are still...

How Do I Refinance a Car Loan?

You can refinance a car loan by qualifying for a new loan, showing a...

What Is a Grace Period for Student Loans?

The rule of thumb is that you have a six-month grace period before you...

What Is a Subsidized Loan?

A subsidized loan, or direct subsidized loan, is a federal loan for undergraduate college...

What Is a Signature Loan?

A signature loan is a type of personal loan that is referred to as...

5 Strategies for Paying off Your Student Loans Fast

College can be tough, but the real challenge starts when you begin paying back...

How to Improve Your Credit Score to Qualify for a Loan

  • Make on-time payments on one or more credit cards or credit accounts, utility bills and medical bills.
  • Maintain low balances on credit cards and other forms of revolving credit.
  • Apply for new credit only as needed, but keep unused credit cards open.
  • Pay off debt rather than move it around.
  • Protect credit accounts from fraud and identity theft.
  • Avoid any financial legal judgments.

How Much Personal Debt Should You Have

As a general rule, your total debt including home, auto, and personal commitments should amount to no more than 36 percent to 41 percent of your monthly income before taxes.

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