Strengthening Your Financial Literacy: Understanding Consumer Loans
If you're considering taking out a consumer loan, you probably already know that these financial tools can be a lifeline when unexpected expenses crop up or when you're making large purchases. However, understanding how consumer loans impact your credit score is a crucial aspect of your financial literacy. Here's what you need to know:
The Connection Between Consumer Loans and Your Credit Score
There is a direct connection between consumer loans and your credit score.