A final thing to watch out for is the transparency of the lender and the quality of customer service. For this list, we at NextAdvisor ruled out lenders who did not make essential information easily accessible. A lender that is transparent about basic information does not guarantee they’ll be transparent about everything. And a lender that hides important information or appears misleading is never a good sign.
Getting a sense of the quality of customer service before you sign with a lender can also be helpful. The online payday loans new Sandusky lending and repayment process can be long and complicated, and working with a lender that’s helpful when issues arise can save you a lot of headache in the long run. You can check out customer reviews and complaints – as well as how the company responded to them – on consumer review websites like the Better Business Bureau (BBB).
Frequently Asked Questions About Bad-Credit Loans
If you want to increase your credit score to better your chances of getting a loan, here are some ways to do it:
- Pay your bills on time. Payment history accounts for 35% of your FICO credit score, so the best way to increase your credit score is to pay your bills on time and in full every month.
- Check your credit report for errors. You can check your credit report for free from the three major credit reporting agencies – Equifax, Experian, and TransUnion – every year. Report any errors to the credit bureau responsible so that your credit score isn’t harmed by inaccurate information. Continue reading “How can I fix my credit to get a better loan?”