unsecured personal loan are a great solution when you have a fair credit score. We have listed personal loan providers with credit scores starting at 620. This lender group offers loans ranging from $1,000 to $100,000. When banks consider a 620 credit score a high risk, online lenders are happy to receive your loan application.
Bad Credit Loans
A bad credit loan is a loan request with a credit score below 580. We have provided a list of lender that will accept your loan application below.
Bad Credit Auto Financing
If you are searching for an auto loan up to $45,000, look no further. This auto loan provider specializes in auto loans for any credit score. Give them a try today. Auto loans -- Bad Credit? No Credit? No Problem!
Secured Auto Purchase and Refinance
LendingTree offers hundreds of auto lenders that will help you buy the new car or refinance your existing vehicle. This can be a great way to get capital out of an asset. This provider can refinance your vehicle and get your capital back to you.
Auto Financing or Refinancing
If you are looking for a new car or need to refinance your existing car, LendingTree may be your solution.
Unsecured Payday Loan Debt Consolidation: $500 to $5,000
Consolidating payday loans with 400% to 1500% interest rates will save you money. OppLoans offer an installment loan which provides equal payments over a set period of time to get rid of payday loans.
Payday Alternative Loans (PAL's)
The Credit Union working alongside the US Federal Government has developed a program called Payday Alternative Loans (PAL's) to help people stuck in revolving payday loans.
Loan amounts $200 to $1,000.
Must be a credit union member for one month
Loan terms range from 1 to 6 months
There may be a fee for setting up the application of $20.00
Contact this link to get some help.
Business Loan Direct Lenders
Piedad contacted America loan Service looking for a direct loan and went to his local bank for financing. Here are the details of his experience looking for a direct loan with a 523 credit score.
Piedad tried to get a direct loan for $96,000.00 but was declined
Principle of LoanLength of Term (Years)Interest Rate (APR)Monthly Installment PaymentLending Institution
|$95600.00||7||5.4%||$1369.24||The Vinton Banking Company|
|$95860.00||6||10.3%||$1790.42||The Ohio Valley Bank Company|
|$96490.00||5||10.2%||$2059.64||The Citizens Bank|
|$96310.00||10||9.5%||$1246.23||The Peoples Bank|
|$95530.00||4||5.7%||$2230.41||The Freeport State Bank|
|$95850.00||8||11.8%||$1547.32||Northwest Ohio Bank|
Piedad has a personal loan of $7,000 courtesy of The First National Bank of NelsonvilleStarting Interest Rate (APR)Remaining principleLender nameLender cityLender StateLoan Obtained
|11.7% APR||$5350.21 outstanding||The Vinton Banking Company||Vinton||Ohio|
|10.0% APR||$5954.11 outstanding||The Ohio Valley Bank Company||Gallipolis||Ohio|
|6.3% APR||$5450.95 outstanding||The Citizens Bank||Fredericksburg||Ohio|
|6.5% APR||$6272.35 outstanding||The Peoples Bank||Gambier||Ohio|
|5.5% APR||$5088.79 outstanding||The Freeport State Bank||Freeport||Ohio|
A direct loan from The Westwood Homestead Savings Bank in Cincinnati -- 45211, Ohio
Searching for a direct loan will impact borrowers credit scores. When approved, people undergo changes to their credit score. Piedad underwent many changes to their credit during the acceptance of this $39,000 direct loan. Piedad had a starting credit score of 523.
- Piedad had an Equifax score of 523, which is regarded as bad credit
- Piedad possessed a credit value on the Transunion scale of 508, which is regarded as bad credit
- Piedad had a credit value on the Experian rating system of 536, which is regarded as bad credit
Piedad got a loan from The Westwood Homestead Savings Bank with bad credit score. Here are their relevant information
- The Westwood Homestead Savings Bank
- Street Address: 3002 Harrison Avenue
- Branch city: Cincinnati
- Branch state: Ohio
- Branch zip code: 45211
- Branch County: Hamilton
With the Equifax score, Piedad has a bad credit rating of 523
Piedad had a Transunion score of 508, looked upon as bad credit
Piedad had an Experian rating of 536, considered to be a bad credit score. These fair credit ratings will significantly change outcomes.
I did receive the $39,000 loan with an APR of 9.2% The loan amount of $39000 was provided based on my family co-signing the loan and their credit hisotry and credit score. The bank said that my credit score was not adequate to be approved for a loan.
Piedad, a person from Cincinnati, originally inquired about a loan of $39000. They wanted a direct loan.
Hi there, I need is $39000 to pay off credit card debt and have bills to catch up. Can you recommend a direct lender that may give me a loan with a 523 credit score?
- County: Hamilton
- Home State: Ohio
- Current zip code: 45220
- Current income: undisclosed
- Profession: atm machine servicer
- Credit Card Debt: $12000 on their Saratoga's Community FCU Business Visa®
Piedad inquired about debt relief
When we first heard from Piedad, he was looking for a way out of debt and he was considering debt relief. The main issue with debt relief is that it can damage your credit even more and Piedad was fortunate that someone was able to co-sign the loan for him.
Piedad made many mistakes to get his credit score to 523. We sent Piedad to Novita financial to help get his credit score back into a better position. His credit score today is 630 after working with Novita for 5 months. His main issue was not making the payments on time every month and was struggling with understanding the process. His payments are now set up on preauthorized with two payments every month to the credit card company. One payment covers the interest and one payment is directly for the principal.
While the articles described are true, the names and some cities have been changed to protect our readers. America Loan Service would value your input regarding our work. Please do not give America Loan Service your last name and try to keep the information in your private information quite nonspecific. It is the overall topic that others relate to and they appreciate your comments. When you send your comments, it will be reviewed within 24 hours and you will be notified if they are used.