I just paid off my unsecured loan with rate of 17.99%. And i want to borrow another unsecured loan later. And my ? is how long will it take to reflect my credit history that will show that i dont have any debt. And also, if i borrow money again will it also decrease my rate….cuz i paid off my debt on time…
Unsecured loan?
June 29, 2010 By 2 Comments
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It will take between 30 and 60 days for the debt to show paid off. That will help your credit score.
If you borrow money again, you may get a better rate because your credit score should be higher than before.
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