As it becomes more costly for mortgage lenders to obtain money, they pass on their increased expenses to borrowers in the form of higher interest rates on mortgages and
other kinds of credit.
Eligible purchases include goods and services minus returns and
other kind of credits.
Unfortunately, it can be tough to get personal loans or
any other kind of credit if you have no credit history.
A change may involve taking out a loan or
some other kind of credit check, so you need to be vigilant about keeping a very good or excellent score.
As it becomes more costly for mortgage lenders to obtain money, they pass on their increased expenses to borrowers in the form of higher interest rates on mortgages and
other kinds of credit.
Like
any other kind of credit, there are good reasons and bad reasons to take out personal loans.
Next to credit bureau risk scores, «behavior scores» are
the other kind of credit scores used widely by lenders — especially by credit card issuers — to gauge a customer's creditworthiness and future profitability.