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CIC BlogCredit Builder Loans: How They Work & How to Get One

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Taking out a small personal loan can be a good strategy for repairing bad credit or bulking up thin credit. What’s not so clear is how bad credit or thin credit will allow you to do that. Credit builder loans are the answer, typically ranging from $500 to $1,500. When secured by loan funds or collateral, credit builder loans do not rely on your credit for eligibility. And provided you pay as agreed, they help build your credit score.

The post Credit Builder Loans: How They Work & How to Get One appeared first on Credit Info Center Blog.

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