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Best Personal Loans for Rebuilding Credit | November 2020

A personal loan can help people with poor credit or no credit history build credit. These loans report to credit bureaus and don't require good credit to qualify. Find out which lenders provide the best personal loans for rebuilding credit.

Your credit is a valuable financial tool you can leverage to obtain great deals on credit cards and loans. However, it determines much more than the cards and interest rates you can get. For example, landlords take credit scores into account when determining which applicants they will approve, and insurance companies consider them when calculating your auto and home insurance premiums.

Making on-time payments on a personal loan can help you improve your credit because your payment history is the single most important factor in your credit report. However, if you have poor credit or no credit, it can be a challenge to get accepted for a loan. The good news is there are lenders who will consider borrowers with less than perfect credit.

Here is our list of the top personal loans for rebuilding credit.