Credit Advice » Loans


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.

Latest Articles

Can I Get Out of a Car Loan without Ruining My Credit?

If I voluntarily surrender my vehicle and I pay off the settlement...

Can Creditors Garnish My Wages?

Can a creditor still garnish your wages even though the account is...

What Does It Mean to Default on a Loan?

I had student loans in default that have now been consolidated and...

What is a Grace Period?

If you make payments within the grace period, does that affect your...

What Should I Do About Delinquent Accounts?

I have missed a payment of $18 on my credit card. This...

What Is Wage Garnishment?

I recently had a garnishment due to a medical billing and insurance...

Should I cosign on my son's car loan? Are there any risks to my credit?

I want to help my son build his credit. Is cosigning for...

What Credit Score Do I Need to Buy a Car?

I’m trying to buy a car. How can I improve my credit...

Can I Buy a Car with a Credit Card?

Dear Readers, We sometimes get asked whether you can buy a car with a...

Should I get a personal loan to pay off my credit card?

The balance on one of my credit cards is so high that...

Requesting a Free Credit Report after Application is Denied

I just had my credit run for a credit card and was denied....

Buy-Here-Pay-Here Dealer Not Likely to Report Payments

I bought a car from a buy-here-pay-here place and paid off the car...

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.

Apply Now 


Advertiser Disclosure

Recommended FICO® Score1 Rating

Get your FICO Score for free


    1Credit score calculated based on FICO® Score 8 Model. Your lender or insurer may use a different FICO® Score 8, or another type of credit score altogether. Learn More

    Advertiser Disclosure: The offers that appear on this site are from third party companies ("our partners") from which Experian Consumer Services receives compensation, however the compensation does not impact how or where the products appear on this site. The offers on the site do not represent all available financial services, companies, or products.

    Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews.

    For complete information, see the terms and conditions on the credit card issuer's website. Once you click apply for this card, you will be directed to the issuer's website where you may review the terms and conditions of the card before applying. We show a summary to help you choose a product, not the full legal terms – and before applying you should understand the full terms of the product as stated by the issuer itself. While Experian Consumer Services uses reasonable efforts to present the most accurate information, all offer information is presented without warranty.

    Review Your Free Experian Credit Report Today

    Good credit begins with knowing where your credit is today. Get started with your free Experian Credit Report, updated every 30 days on sign in. No credit card required.

    Get Started for Free