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SAN CARLOS, Calif., January 5, 2024 (Newswire.com) - Personal loans are versatile financial products that borrowers can use to make purchases, pay bills, consolidate debt, resolve financial emergencies, and much more. But what many people may not realize is that they can also have a positive impact on the borrower’s financial health. Personal loans can help borrowers build their credit scores, manage their debt, and cover financial needs when used responsibly. Building Credit Scores Payment history is a key factor in one’s credit score, since scoring models deem it an important element of creditworthiness. If the lender reports to the credit bureaus,…