Many people think that all kinds of debts are created equal and as a result, they have equal weight on your credit score, but this is not true.

There are many factors that play a role when it comes to credit scores and how they are calculated. Credit scoring models take into consideration what debt you have and how much of it. Also, they consider how your installment debt.

When you understand which metrics matter most pertaining to your credit scores, you’ll be able to improve and maintain them. In this article, you’ll find the answers to your questions.

There are many considerations to make when you’re planning on taking out a loan of any type and short term loans are no different – sometimes you don’t have much thinking time when it gets to being an emergency.

Even though the amount you borrow is normally quite small, and the time period of the loan is often only a month, it is still a loan and you will still have to pay it back when the time comes. Quick loans are legal documents between you and your lender and you need to think a lot about your circumstances before taking one out.