Loan Resources
Since 2018, Credit9 has provided over $185 million in personal loans to over 14,000 of our customers, and we’re confident we can help you too. With a Credit9 Loan, you can eliminate credit card debt and enjoy a single, fixed, and affordable monthly payment.
In the sections below, you’ll discover many helpful articles about how to use a debt consolidation loan to pay off your credit cards, manage debt, and improve your credit score along with other financial topics that may be of interest to you.
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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How Long Does Negative Information Stay On Your Credit Report?
Posted on Jun 12, 2024 by Aaron Sarentino
Negative information on your credit report can last for years, but fortunately, there are statutes of limitations for such occurrences. When it comes to negative information related to individual accounts, a credit report’s memory may last anywhere from two to 10 years. Understanding how long negative information stays on your...
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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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What Is A Loan Maturity Date? (What Borrowers Need To Know)
Posted on May 29, 2024 by Minh Tong
When you’re borrowing money, understanding the concept of a loan maturity date is crucial. A loan maturity date marks the endpoint of a financial product’s term, indicating when the principal amount, along with any accrued interest, must be repaid in full. This date is specified in the loan agreement or...
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Do You Have To Pay Taxes On A Personal Loan?
Posted on May 13, 2024 by Aaron Sarentino
Personal loans generally aren’t taxable, but there is one instance where they could be you should know about. As you consider taking out a personal loan, understanding the potential tax implications is essential for managing your finances effectively. While personal loans typically aren’t taxable income, there are exceptions and considerations...
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Simple Interest: What It Is, How It Works, And How To Calculate It
Posted on Feb 07, 2024 by Minh Tong
Whether you’re seeking a loan for yourself or extending a loan to a friend, comprehending simple interest can empower you to make informed financial decisions. If you’ve ever borrowed money or considered taking out a loan, you’ve likely come across the term “interest.” Understanding how interest functions begins with grasping...
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Using Your 401k To Pay Off Debt (Is It A Viable Solution?)
Posted on Sep 22, 2023 by Melissa Cook
The withdrawal of money from a 401k can provide some relief from pressing debt payments that need to be made in the short term. The steps to financial freedom and retirement security can seem complex and overwhelming without the proper guidance. There are several options available for paying off debt,...
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Balance Transfer vs A Personal Loan: Making The Right Choice For Debt Consolidation
Posted on Aug 23, 2023 by Melissa Cook
When choosing between a balance transfer and a personal loan, it’s important to have all the facts. When it comes to consolidating debt and reducing interest expenses, balance transfers and personal loans are two popular options worth considering. However, each option has its own advantages and disadvantages that should be...
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