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Customer Gets Personal Loan Of $80000 With A Fair FICO Credit Score

If you credit score in the the 500's, we have bad credit loan options for you. A personal loan with a fair credit rating is available for consolidating credit card, paying off student loans or renovating your home. We have provided a list of lenders below or you can enter your information into the personal loan match form.

Unsecured Bad Credit Loan Providers

A bad credit loan definition is referring to a credit score. When a credit score is below 580, this is typically referred to as bad credit. If your searching for a loan with a credit score below 580 without collateral, you are applying for an unsecured bad credit loan.

Personal Loan Providers with Credit Scores Starting at 620

Debt Consolidation

Student Loan Refinancing

Home Equity Line of Credit

Home Equity Loan

America loan Service was contacted by Irwin looking for an $80,000 personal loan with fair credit

Irwin was hoping to one get one single loan payment for all of the debt and this may or may not work as it depends on the interest rate Irwin can get from a bank or online lender.

Debt consolidation loan providers say that they have interest rates as low as 5.74% while student loan refinancing interest rates are 2.50% with a variable rate. 

America Loan Service has partnered with Novita that offers a free credit score application to start rebuilding your credit score today. 

$80000.00 Personal Loan with Fair Credit - Warren, Indiana

Searching for some types of loans alters the borrower's credit score. Irwin underwent negative variations to his credit over the course of trying to get the approval for this $80000 personal loan. Irwin had a starting credit score of 668.

  • Irwin possessed a score on the Fico scale of 668, which is considered fair credit
  • On the Transunion system, Irwin had a 663 credit rating, a fair credit rating
  • When it comes to Experian, Irwin possessed an initial rating of 686, and so Irwin has a fair credit score

Irwin acquired this personal loan from Exchange Bank, a lending institution from Indiana

  • Exchange Bank
  • Street Address: 201 Wayne Street
  • Branch city: Warren
  • Branch state: Indiana
  • Branch zip code: 46792
  • Branch County: Huntington

On the Equifax scale, Irwin has a fair credit score of 668

Fico Score: 668

Using the Transunion scale, Irwin has a fair credit score of 663. This score alters how banks will view them, and will also cause, the APR on their loan to increase

Transunion Score: 663

On the Experian scale, Irwin has a fair credit score of 686, that will have altered their loan interest

Experian Score: 686

If Irwin had not managed to acquire this personal loan of $80000, their credit score could have reached up to 646. Instead, it decreased to 547. Be careful regarding which financing options you select, as it will negatively impact your financial future.

Irwins' experience with the Exchange Bank at 201 Wayne Street: We requested a home equity loan for $80,000 and had ample equity in our home to apply. We decided on the 10-year term to keep the payment down a bit. We considered a 15-year term with a $682/month payment but the interest was a lot more and we want the debt gone sooner.  

Starting inquiry from Irwin for this personal loan

Hi, My name is Irwin and I'm from Warren in Huntington county. I am interested in a personal loan with fair credit. I'm not sure which loan I want so please provide us with a few options. We really want to get these credit cards paid off. Thank you, Irwin.

Borrower Information: Irwin
  • County: Huntington
  • Home State: Indiana
  • Current zip code: 46801
  • Current income: Undisclosed
  • Profession: set designer
  • Credit Card Debt: $9000 on their Wachovia Visa Buxx Card

While the articles described are accurate, the names and some locations have been changed to protect our readers. We would like your input regarding our work. Please do not give this website your last name and try to keep the information in your testimonial quite general. It is the overall topic that people relate with and they appreciate your comments. 

Past Applications

Application from: Donna**

City: Brooklyn
State: New York
Credit Rating (FICO): 586
Profession: bookkeeper
Amount Requested: $2500
Age: 59
Current Debt: 3500
Yearly Income: 75000
Zip Code: 11234

Message:

looking for a personal loan to catch up on bills and stay on track

Hi Donna,

We sent you an email with a few choice lenders that may be able to help you. With your Fico score at 586, we are limited on the lenders we can recommend. America Loan Service is not a lender and we do not make lending decisions. We hope the providers that we sent you can help with your request of $2,500.00 for a personal loan. Our one lender badcreditloans.com offers a $5,000.00 limit and may help you up to that amount. See our page under bad credit loans and you can apply there. Good luck


Reply to: Donna**


Application from: Benjamin**

City: Rossford
State: OH - Ohio
Credit Rating (FICO): 568
Profession: City Worker
Amount Requested: $20000
Age: 25
Current Debt: Car loan
Yearly Income: 24000
Zip Code: 43605

Message:

Hi Benjamin,

We have a possible lender we can recommend to you for the amount you require. You credit score of 568, could make it difficult.


Reply to: Benjamin**


Application from: Reginald B.

City: Randallstown
State: MD
Credit Rating (FICO): 568
Profession: Software Escalation Manager
Amount Requested: $10000
Age: 28
Current Debt: 16,000
Yearly Income: 67500
Zip Code: 21133

Message:

Hi Reg,

Great income and Fico score of 568, we have some options for you. We will forward your information onto the lender we feel best suits your requirements. They will contact you directly via email if they are able to help you based on the criteria you have provided. America Loan Service is not a lender. America Loan Service has no influence on the lenders decisions and the financial relationship will be between you and the institution providing the loan. Wishing you success in finding what you are looking for. Regards, America Loan Service team


Reply to: Reginald B.


Application from: Christina**

City: center valley
State: PA
Credit Rating (FICO): 586
Profession: Profession not given
Amount Requested: $15000.00
Age: Age not given
Current Debt: car and credit cards
Yearly Income: 105000
Zip Code: 18034

Message:

Hi Chistina,

With your income at $105,000.00 per year, even with a credit score of 586, you should be able to qualify for this $15,000.00 loan. Is this for debt consolidation? If so, it will help you with getting the loan. We will email you a lender that may be able to help you.


Reply to: Christina**


Application from: Naomi

City: Bolivar
State: Ohio
Credit Rating (FICO): 586
Profession: Manager
Amount Requested: $25000
Age: 42
Current Debt: Credit cards car loans personal loans
Yearly Income: 65000
Zip Code: 44612

Message:

I want too consolidate and close all accounts but a small credit card

Hi Naomi,

Great idea on debt consolidation. Should help your Fico score once you get the new Personal loan in place and the old debt paid off. We only have a few lenders that will work with a a 586 Fico score and the interest rate may be above 15%. This is still much better than 20-25% with most credit card companies. We will forward your request on to the appropriate lender. America Loan Service (ALS) is not a lender, we only forward on loan requests. America Loan Service has no influence on the lenders and that relationship will be between you and the institution providing the loan. Wishing you success The ALS team.


Reply to: Naomi


Application from: Naomi**

City: Bolivar
State: Ohio
Credit Rating (FICO): 655
Profession: Manager
Amount Requested: $25000.00
Age: 42
Current Debt: 45000.00
Yearly Income: 62000.00
Zip Code: 44612

Message:

Hi Naomi,

We sent you an email with a few choice lenders that may be able to help you. With your Fico score at 655, we have sent you the lenders we can recommend. Here's a handy table to help you to figure out what type of credit you have: Excellent Credit Scores: Over 750 Good Credit Scores: 700 to 749 Fair Credit Scores: 650 to 699 Poor Credit Scores: 600 to 649 Bad Credit Scores: Less than 600 America Loan Service is not a lender and we do not make lending decisions. We hope the providers that we sent you can help with your request of $25,000.00 for a personal loan. Our one lenders offers a $35,000.00 limit and may help you up to that amount. You can see our page at personal loans and you can apply there. You may also want to check out our bad credit page and apply there. They offer a $5,000.00 lending limit.

Good luck

America Loan Team


Reply to: Naomi**


Application from: Kelly*

City: Forsyth
State: Georgia
Credit Rating (FICO): 553
Profession: Nurse
Amount Requested: $1500
Age: 32
Current Debt: 4500
Yearly Income: 54000
Zip Code: 30040

Message:>Hi Kelly, We have emailed you a few options based on the information you have provided. We have one lender that will look at your work experience. With a credit score of 553, many lenders will not give you a chance.

Reply to: Kelly*


Application from: Elizabeth Arguello

City: Miami
State: Florida
Credit Rating (FICO): 547
Profession: Profession not given
Amount Requested: $20000
Age: 53
Current Debt: 15000
Yearly Income: 25000
Zip Code: 33182

Message:Is there a possibility to get approved?

Reply to: Elizabeth Arguello


Application from: Karen*

City: Mountain City
State: TN
Credit Rating (FICO): 586
Profession: Profession not given
Amount Requested: $1000.00
Age: Age not given
Current Debt:
Yearly Income: 11000
Zip Code: 37683

Message:Hi Karen, Try this link

Bad Credit Unsecured Personal Loan from $500 to $5,000

Any Credit Score Can Apply


Reply to: Karen*


Application from: Julia

City: Gainesville
State: GA
Credit Rating (FICO): 553
Profession: Profession not given
Amount Requested: $5000.00
Age: 47
Current Debt:
Yearly Income: 26000
Zip Code: 30506

Message:

I am trying to get a loan for home improvement


Reply to: Julia


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