Grace Enfield, Content Writer
A loan from Citizens One will temporarily hurt your credit score because the company will perform a hard pull of your credit history, which may drop your score by about 5 to 10 points. The new loan will also add to your overall debt load, which hurts your credit score. The negative effects don't have to last long, though.
Over time, a loan from Citizens One will help your credit score if you pay the monthly bills by the due date, as doing so adds positive information to your credit reports. This should offset any initial decrease in your credit score after you take out the loan.
To predict how your credit score will be affected, check out the free credit score simulator on WalletHub.
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