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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.
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 ...
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 ...
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 ...
A bad credit personal loan is a loan for borrowers with FICO scores below 580 — though some lenders consider credit scores into the low-600s bad. They can provide funds if you need a loan but ...
High interest rates for bad credit: While personal loan interest rates are lower than credit cards on average, personal loans often have high rate caps. Borrowers with bad or fair credit may be ...
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