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Hello, I was wondering if anyone knows if getting approved for high amount personal loans benefit your credit score. Would it work like being approved for high credit card limits?
@Anonymous wrote:Hello, I was wondering if anyone knows if getting approved for high amount personal loans benefit your credit score. Would it work like being approved for high credit card limits?
If you can get approved for "high" amount personal loan (what is high) then you probably don't need to worry about your credit score.
We are engrained to worry about a score that is a very small piece to credit approvals and we end up messing up or spending on what's not needed.