Still, there are personal loans you can get if you have a fair or bad credit score. Some lenders cater to applicants with lower credit scores in the poor range (below 580) to help them borrow money for emergency expenses, medical bills, debt consolidation and other financing needs. Below,...
We looked at fees, interest rates and flexible repayment options for different credit scores. (You can read more about our methodology below.) In the meantime, remember that if you are applying for loans— or any line of credit — with a lower credit score, you are likely to receive ...
Lenders generally offer the best deals on personal loans to borrowers with the highest credit scores. On the other hand, lenders often charge more if your credit score is lower to offset the risk of default, and if your score is poor, you may not be approved for a loan. If you...
Offers loans for lower credit score borrowers:While most personal loan lenders set a minimum credit score of at least 600 for personal loans, Avant will consider lending to borrowers with a score as low as 550. Shorter minimum terms than bad credit loan competitors:Avant offers a one-year ter...
Why we chose it:LendingTreeis our best personal loans marketplace runner-up because it offers access to more than 300 lenders who provide loans for a wide range of credit situations. Like Credible, LendingTree is an online marketplace that connects users to reputable personal loan lenders. With...
Personal loans can be great options for refinancing high-interest debt or covering unexpected expenses. But you might find yourself asking: How does a personal loan affect my credit score? A personal loan can impact your credit score in multiple ways, including when you apply, borrow and begin...
What Should You Expect When You Get Approved for a Fair Credit Loan? If your credit report has some blemishes, you have a short credit history or your credit score is on the lower end of fair, you might still get approved for a personal loan. But you likely won't qualify for the low...
High maximum interest rate: The interest rate is capped at 35.99 percent, making the personal loans relatively costly for borrowers with lower credit scores. No autopay discount: Unlike many other online lenders, Prosper does not offer a rate discount when you set your account for automatic paym...
OppLoans doesn’t rely solely on a borrower’sFICO scorewhen making lending decisions, but it does report to all three of the major credit bureaus—Experian, Equifax, and Transunion—each month. This makes it possible for OppLoans borrowers to improve their credit scores by taking out a loan...
You don't need an excellent credit score to get a loan—you can apply for a personal loan with a fair credit score. How Applying for Loans Affects Your Credit Score Your credit score is calculated based on five factors: payment history, amounts owed, length of credit history, new credit...