5 tips to boost your chance of winning approval for a personal loan [USA TODAY]
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Source: USA TODAY
CLOSE Credit score, debt and income are all factors in getting a personal loan, and the requirements vary by lender. Here are 5 tips for getting a loan. USA TODAY FICO logo. (Photo: Fair Isaac Corporation) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE There’s no universal formula for winning approval of a personal loan application. Requirements such as credit score and income vary by lender, and some online lenders consider nontraditional data, like free cash flow or education level. But loan companies have one thing in common: They want to get paid back on time, which means they approve only borrowers who meet their requirements. Here are five tips to boost your chances of qualifying for a personal loan. 1. Clean up your credit Credit scores are major considerations on personal loan applications. The higher your score, the better your approval chances. Check your reports for errors. Common errors that may hurt your scor
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