Sentences with phrase «what type of installment loan»
Once you decide a personal loan, you need to determine what type of installment loan is best for you.
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Type of credit: how many and what kinds of credit accounts you have, such as credit cards, installment debt (such as mortgage and car loans) or a mix.
What's more, transferring credit card debt to an installment loan can improve your credit score because it lowers your credit utilization ratio and diversifies the types of credit on your credit report.