Learn what collateral is and how it factors into certain types of loans, like a mortgage, home equity loan, auto loan and secured personal loans.| www.experian.com
Experian analyzed the number of home equity loan originations in the U.S. and found they’re increasingly popular. Here are our findings.| www.experian.com
Learn what home equity is, how to calculate your home equity, tips on increasing your equity and the pros and cons of using home equity.| www.experian.com
Learn about what a secured loan is and how it works, what you can use as collateral, the pros and cons and what happens if you default on a secured loan.| www.experian.com
Learn what a home equity line of credit (HELOC) is, how to qualify, the costs, pros and cons and how to get a HELOC.| www.experian.com
Revolving credit lets you borrow money up to your credit limit, pay it back and then borrow it again. Learn how revolving credit works.| www.experian.com
Maintaining a clean payment history—or refurbishing a spotty one—can help you improve your credit scores and save you money.| www.experian.com
Consumer debt balances increased for most types of consumer loans from 2023 through 2024. Learn more about how debt levels changed overall.| www.experian.com
Experian analyzed credit data from Q3 2024 to review the major trends in consumer credit. Here’s how consumer debt and credit have changed since 2023.| www.experian.com