Melissa has a degree in English and marketing from University of California Irvine. She is a creative and accomplished content writer and editor with comprehensive experience developing rich, compelling content for a variety of websites. With her expertise in writing a broad range of content, combined with outstanding interpersonal skills and commitment to exploring innovative ideas, Melissa has done an excellent job developing content for blogs, articles, social media, and the company website. When she is not writing, Melissa spends most of her time cooking, traveling the world, and catching her favorite Broadway shows.
Do Student Loans Affect Your Credit Score? (The Answer Is Not So Clear-Cut)
Posted on Jun 25, 2024 by Melissa Cook
Finding out if student loans affect your credit score is a common concern among students and recent graduates. With so many conflicting opinions and misinformation, it can be difficult to determine the truth. Knowing the facts about how student loans impact your credit score is crucial in order to make...
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Does Filing For Unemployment Affect Your Credit Score? (What You Should Know)
Posted on Jun 19, 2024 by Melissa Cook
Filing for unemployment does not directly affect your credit score, but it can indirectly impact it in certain ways. Credit scores play a vital role in our financial lives. They determine the interest rates on loans, credit cards, and even insurance premiums. It’s common knowledge that late payments and high...
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Understanding Personal Loan Terms: A Comprehensive Guide
Posted on Jun 04, 2024 by Melissa Cook
When considering your borrowing options, it’s crucial to understand the terminology associated with loan terms. If you’re ready to apply for a personal loan, there are several relevant words and phrases you’ll want to understand first. Educating yourself about personal loan terms empowers you to make informed decisions, ensuring you...
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Why Is My Credit Score Different On Different Sites?
Posted on May 01, 2024 by Melissa Cook
There are a few reasons the credit scores you see when you check on your own may vary from what a lender sees when evaluating you for a credit account. When it comes to the representation of your financial health and lendability, few things are as crucial as your credit...
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What Is Loan Amortization And How Does It Work?
Posted on Apr 19, 2024 by Melissa Cook
When amortization is used in connection with a loan, it refers to the process of repaying the amount borrowed in fixed installments. In the vast and often bewildering world of finance, terms like “loan amortization” can feel like stumbling upon a cryptic mathematical code. But what does it mean and...
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What Is The Difference Between A Soft And Hard Credit Inquiry?
Posted on Apr 02, 2024 by Melissa Cook
Soft inquiries are credit inquiries that do not affect your credit score but are recorded on your credit report while hard inquiries can affect your credit score. When it comes to assessing your credit, the terms “soft inquiry” and “hard inquiry” frequently arise, sparking inquiries about their implications on credit...
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How To Improve Your Credit Score To Get A Personal Loan
Posted on Mar 06, 2024 by Melissa Cook
Building credit to qualify for a loan can be challenging for some, but there are steps you can take to improve your credit score. In the complex game of credit scoring, finding yourself with a less-than-ideal number (say, below 670) can feel like you’re wearing a sign that signals to...
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How To Refinance A Personal Loan (A Simple Guide)
Posted on Feb 14, 2024 by Melissa Cook
Refinancing a personal loan under the right circumstances can save you time and money, and help you pay off your debt faster. Refinancing a personal loan can be a savvy financial move under the right circumstances, offering potential savings and enhanced repayment terms. By securing a new loan with improved...
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Does Paying Off A Loan Early Hurt Your Credit Score? (What You Need To Know)
Posted on Jan 22, 2024 by Melissa Cook
While paying off a personal loan early can be a significant achievement that benefits many, it’s not always the right choice for every borrower. Imagine you have just 6-12 monthly payments left on a personal loan you took out a few years ago. You’ve managed to save up some extra...
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