Understanding How Credit Score Affects Your Loan
Your credit score is a number ranging from 300 to 850 that tells lenders how risky you are as a borrower. The higher the score, the better interest rates you'll receive and the greater your chances of loan approval.
You can check your credit score for free at Experian, Equifax, or TransUnion. Paying bills on time, maintaining a good credit history, and using credit responsibly are ways to improve your score.
Online lenders like SoFi, LendingClub, and Marcus by Goldman Sachs offer online personal loans with instant credit analysis based on your score.