Most lenders will not loan money to people with credit scores of less than 620, and even though you might get a personal loan with a credit score of more than 620, you need a good credit score of 690 or above to get good rates on your loan.
Credit Score Suggested by Loan Platforms That Can Help You Find $10,000 Personal Loans
Here are some of the platforms and their credit score requirements.
|
Platforms |
Features |
|
|
|
|
|
If your credit score isn't up to these requirements, you can still apply as some lenders are willing to offer loans to people who have lower credit scores.
Where Can You Get a Personal Loan with Bad Credit?
Some other brands link you to lenders who offer loans, especially to people with bad credit. Some of them are listed below.
US Bad Credit Loans
US Bad Credit Loans connects you to lenders who do not consider your credit score for loan worthiness. Rather, they consider other factors, such as your income. Their services are quick. You can get approval the same day and get funded as early as two working days.
BadCreditLoans
BadCreditLoans offers services that are completely free of charge. They link you up with lenders who do not conduct hard credit checks, which can further reduce your credit points. Rather, most of them perform soft credit checks.
When getting a loan, it is important to get good rates. If you do not have an immediate need, you should work on improving your credit before getting a personal loan so you can get better rates.
You should:
-
Pay your bills on time.
-
Apply for credit builder loans.
-
Get a co-signer.
-
Pay existing debt.