Articles
BadCredify’s articles are aimed at promoting financial literacy and helping you build wealth. Check out our practical tips and expert advice for more insights on the lending and finance.
What Is an APR and How Does It Work?
APR is more than just an interest on your loan. Learn how it’s calculated and why it’s crucial in comparing loan offers and making cost-effective borrowing decisions.
What is a Loan Principal?
Loan principal is more than just a term—it’s the foundation of your loan repayment. Discover how it works and its role in interest calculation.
What Credit Score Is Needed for a Personal Loan?
As lenders pay attention to your reliability before approving you for a loan, they set certain minimum credit score requirements you need to meet to be eligible. Find out what credit score you need to qualify for personal loans and explore practical strategies to improve your creditworthiness for better loan terms.
Types of Personal Loans: Pros, Cons, and Best Uses
Personal loans come in many shapes and sizes. Discover the different types available, from secured to unsecured, and find the right one for your financial needs.
Personal Loan Eligibility Requirements
Before applying for loan, there are multiple things you should think about. Personal loan eligibility requirements are among the most important ones, as they determine your ability to qualify for a loan. Although lenders typically look at certain parameters, they can set different passing levels for them. Let’s take a look at some common criteria.
Is a Personal Loan Variable or Fixed Rate?
Personal loans may have either fixed or variable interest rates. We are here to help you understand the difference and decide which type to choose. Let’s outline the pros and cons of each option and choose the best solution for your financial stability and goals.