Although very popular and quickly becoming mainstream, cryptocurrency is something that still seems to confuse many people. Throw in a new financial system made up of FinTech companies that provide crypto loans and other crypto-related services. Then things start getting even more confusing, which is why all efforts to unravel this new technology are essential so everyone can make the best use of it.
One of the first questions that come to mind when someone hears or reads the term crypto loan for the first time (other than wondering what it even means) is, will it affect my credit score? This post will explore how credit scores work, how crypto lending works, and whether or not it can impact your credit score. So, read on to learn more….