Better to get loan from finance company or bank considering the drop of credit score?
What is the minimum credit score for a personal loan?
610 to 640
Generally, borrowers need a credit score of at least 610 to 640 to even qualify for a personal loan. To qualify for a lender’s lowest interest rate, borrowers typically need a score of at least 690.
How long does a loan application stay on your credit report?
two years
Loan applications almost always involve an “application” or “hard” credit search, which will be logged on your credit file. Lenders don’t report to CRAs whether or not the application was successful, however. A loan application will remain on your credit file for up to two years.
How can I wipe my credit clean?
How to Clean Up Your Credit Report
- Pull Your Credit Reports. …
- Go Through Your Credit Reports Line by Line. …
- Challenge Any Errors. …
- Try to Get Past-Due Accounts Off Your Report. …
- Lower Your Credit Utilization Ratio. …
- Take Care of Outstanding Collections. …
- Repeat Steps 1 Through 6 Periodically.
How do you get a 800 credit score in 45 days?
Quote: Very quickly I'm talking to 30 days 45 days maybe 60 days and you can boost your score. Very quickly this is great for people who have no credit history or possibly.