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If you have personal loan with fair credit score, you can still find a personal loan company that is willing to work with you. However, there are certain requirements that most companies have for personal loan applicants. Those minimum credit score requirements vary among companies and generally fall between 570 and 640. If you do not meet these minimum requirements, you will not be able to register for a personal loan from many of the leading companies.
Credible
If you need a personal loan with a fair credit score, you can apply with Credible. The process is fast and simple. You can apply online in two minutes and find out if you qualify. All you need to do is enter your contact information, school information, and the amount of the loan. After that, Credible will perform a soft credit check, which won’t impact your score. Applicants without the necessary credit score can also apply, but they must have a co-signer.
The website of Credible allows you to compare rates from different lenders. You can even receive a $200 bonus if you find a lower rate. You can also contact their customer service, which can help you navigate the site and complete the application process. But you should consider that Credible isn’t a direct lender.
As a reputable personal loan comparison site, Credible matches you with lenders who offer customized rates. It also provides educational content on key lending topics. Its customer support team is available seven days a week. They provide email, live chat, and phone support. Credible also vets its lending partners to ensure they meet federal standards and provide excellent service.
Upstart
The application process for Upstart personal loans requires basic personal information. Applicants need to provide their primary source of income and bank account balances. After submitting the application, applicants are given an estimated loan amount. If approved, they can receive funds the next business day. Applicants must provide proof of identity, address, and income.
Upstart has a good reputation in the online lending industry, obtaining a B+ rating from the Better Business Bureau and a 4.9/5 rating on Trustpilot. It has more than 19,000 customer reviews. The Consumer Financial Protection Bureau reported 64 complaints against Upstart in 2021, with the most common complaints related to interest and fees. Of those, 56 were resolved, and eight were ongoing.
If you are looking for a personal loan with fair credit score, the Upstart website will allow you to preview the different loan offers before applying. This will allow you to compare interest costs and monthly payments and choose an offer that best meets your needs. Before you apply for an Upstart personal loan, make sure you meet the minimum credit and gross income requirements.
OneMain Financial
The company OneMain Financial offers a variety of personal loans to consumers. This funding can be used for a variety of personal expenses, such as paying off credit card debt, making home improvements, or even taking a family vacation. OneMain Financial loans can help consumers reduce high-interest credit card debt and save money on their monthly payments. OneMain Financial is a national lender with over 1,400 locations nationwide.
While OneMain Financial does not require perfect credit, their approval criteria are more flexible than some other personal loan lenders. They are able to approve borrowers with fair to poor credit. OneMain Financial also offers secured loans that let borrowers use the equity in their car to qualify for a lower interest rate. The terms of these loans vary, but you should be aware of the loan fees and interest rate.
OneMain Financial offers a streamlined application process that only takes a few minutes. After submitting an application, the company will contact you to complete the application process. You’ll speak with a representative who will discuss your needs and answer any questions that might be relevant to the loan. The representative will help you decide on a loan amount, interest rates, and monthly payment options.
