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Installment Loans Are Best For Bad Credit

Installment Loans Are Best For Bad Credit

Additionally it is notable that installment loans may be best for bad credit. Your FICO credit history is dependant on different facets of credit history:

  • 35% Payment History – Repossessions, bankruptcy and payments that are late this score.
  • 30% Debt Burden – present quantities owed, quantity of reports with balances, amount paid off, etc.
  • 15% period of Credit History – Average chronilogical age of accounts and age on earliest account.