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While the average personal loan requires a credit score between 610 and 640, peer-to-peer loans may offer loans as low as 600. Funding times are often similar to what personal loan lenders offer.
Lenders that offer personal loans for bad credit borrowers usually limit you to a $50,000 loan amount. The amount may be significantly lower if you have very low credit scores (below 580) or a ...
Upstart, for example, offers unsecured loans up to $50,000 and doesn’t have a credit score requirement. It does have a minimum income requirement of $12,000 though, so that will be considered ...
Origination fees may range from 3% to 8%. You’ll need a credit score of at least 600 to qualify, according to Debt.org. LendingPoint. LendingPoint offers personal loans ranging from $2,000 to ...
PenFed Credit Union suggests a minimum credit score of 580 for a personal loan, so it’s more of a fair-credit loan than one for bad credit. But it’s worth investigating because the rates are ...
Predatory or misleading loans can be disguised as bad credit loans. If the rate is above 35.99 percent, you'll want to find a lower-interest option. Bad credit loans can come with challenges like ...
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