This is where it’s important to set realistic expectations. Your credit score doesn’t just affect your interest rate, it also comes into play when determining how much money you can borrow. Again, we’ll stress that a good credit rating isn’t the be-all and end-all of getting a loan, but the worse your score is, the lower the amount you’ll be eligible to borrow.

You’ll generally find that the highest amount most third-party lenders will be willing to let you borrow for a personal loan is up to $100,000. The average loan amount in the US is around $15,000.

Try not to borrow more than you need to either. Читать далее →