An unsecured personal loan is a great solution if your credit score and credit history meet the criteria of the lender. We have listed personal loan providers with credit scores starting at 590. This lender group offers loans ranging from $1,000 to $100,000. When banks consider a 590 credit score a high risk, online lenders are happy to receive your loan application.
Business Loan Providers
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 from $3,000 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.
Co-Signing or Joint Signing
FreedomPlus specializes in co-signing with loans up to $40,000. If you are considering co-signing or asking someone to co-sign, we have provided information that explains the pros and cons of co-signing.
Secured Home Equity Loan Options
Home Equity Loan or Home Equity Line of Credit (HELOC)
A home equity loan or home equity line of credit (HELOC) provides an excellent way to consolidate debt even with bad to fair credit score. The home equity provider we have listed has consolidated over 1,500 companies to give you the greatest chance to qualify for a loan. When you have good credit and the bank looks to provide a home equity loan or HELOC, they will normally finance the property up to 80-90% of the loan to value. The loan to value is the difference between the size of the mortgage and what you will get if you sold the property. With bad or fair credit, the loan to value may drop to as low as 60 to 70% and the interest rates may be higher. This will mean that the amount they are willing to lend will be lower.
Free Credit Score Repair
Novita offers a free service credit score rebuilding program
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.
Casey contacted America loan service looking for $136,000 with a bad credit score of 588. We recommended that she try her bank first and if they were unsuccessful to try a business loan, there are a lot of options online today.
Cassy and her sister Becky started a business in North Carolina selling clothing online throughout the USA. After a mountain of work to get the website to where they could launch, setting up access to clothing manufacturers and developing their product line, they needed more capital to rent a warehouse, hire a few staff and also wanted some working capital.
They were servicing their accounts from their parent's garage and were now at a point that they could no longer operate with so many orders and having staff working in the garage was causing issues with the parents.
Cassy and Becky applied for a personal loan and were not successful until they incorporated the business into the loan and secured the loan with the businesses revenues. While they got the loan from the local bank, they found better options after getting this loan with a traditional business loan provider than the banks.
Business Loan Providers
Cassy made an attempt to obtain a personal loan for $149,000.00 last year but was declinedPrinciple of LoanLength of Term (Years)Interest Rate (APR)Monthly Installment PaymentLending Institution
|$149120.00||7||6.1%||$2185.58||The Farmers Bank of Seaboard|
|$148690.00||4||11.1%||$3850.2||The Bank of Raeford|
|$149130.00||7||7.4%||$2280.04||The Bank of Coleridge|
|$149290.00||10||8.8%||$1875.02||Farmers Bank of Sunbury|
|$149240.00||9||8.2%||$1958.42||Bank of Pittsboro|
|$149180.00||4||6.6%||$3544.68||First State Bank|
|$149430.00||3||7.8%||$4668.82||Citizens National Bank of Concord|
Cassy has a personal loan from years ago of $12,000 lent by First State BankStarting Interest Rate (APR)Remaining principleLender nameLender cityLender StateLoan Obtained
|8.6% APR||$11012.88 outstanding||The Farmers Bank of Seaboard||Seaboard||North Carolina|
|8.3% APR||$4823.7 outstanding||The Bank of Raeford||Raeford||North Carolina|
|11.6% APR||$10607.34 outstanding||The Bank of Coleridge||Ramseur||North Carolina|
|8.4% APR||$10280.66 outstanding||Farmers Bank of Sunbury||Sunbury||North Carolina|
|8.0% APR||$10828.16 outstanding||Bank of Pittsboro||Pittsboro||North Carolina|
|9.1% APR||$10698.6 outstanding||First State Bank||Winterville||North Carolina|
$136000.00 personal loan - Boone, North Carolina
Searching loans frequently change clients credit scores. Once accepted, clients experience changes to their credit. Cassy underwent numerous variations to their credit during the approval of this $136000 personal loan. Cassy had a starting credit score of 588.
- On the Fico scale, Cassy had a 588 credit rating, a fair credit score
- Cassy possessed a credit value on the Transunion scale of 573, which is looked upon by lenders as fair credit
- On the Experian system, Cassy had a 605 credit rating, a fair credit score
Information on the loan provider called Watauga Savings and Loan Association, Inc. from Boone, North Carolina which provided the $136000 personal loan
- Watauga Savings and Loan Association, Inc.
- Street Address: 106 West King Street
- Branch city: Boone
- Branch state: North Carolina
- Branch zip code: 28607
- Branch County: Watauga
Cassy has an Equifax score of 588. This is a fair credit rating
Cassy has a Transunion score of 573. This is a fair credit rating. Credit ratings like that of Cassy influence lender's decisions
Cassy had an Experian rating of 605, regarded as a fair credit score. These fair credit scores may hugely impact outcomes.
Experian was changed due to this $136000 personal loan. Score change: 605 to 574
Striving for financing several times within a short amount of time will decrease a person's credit score. In the case of Cassy, Fico decreased from 605 to 574.
We had applied for a personal loan and ended up with a business. loan. We used the revenues from the business to secure the loan and both of our personal guarantees and our Dad also came on as a co-signer.
Cassy wanted a personal loan for $136,000.
North Carolina says hello via me, Cassy of Boone in Watauga County. We need a personal loan with fair credit. I am aware that individuals with fair credit like me have different experiences finding a personal loan, but please help regardless. I have a business with good revenues and we are new to funding a business, can you help us? We will consider a personal loan with interest rates as extreme as 10% if we have too. Thank you, Cassy.
- County: Watauga
- Home State: North Carolina
- Current zip code: 28615
- Current income: Undisclosed
- Profession: Online clothing business
- Credit Card Debt: $9000 on their Bass Pro Shops® Outdoor Rewards Platinum Plus® Visa® Credit Card
Repairing Credit Score for the Next Time
Cassy really struggled to get the funding she needed because her credit score was so poor. This forced her family to co-sign for them. We sent Cassy to Novita to get your financial life in order. Novita is a free online service helping people restore their credit. Check it out if you need help managing your finances.
While the articles highlighted are true, the names and some cities have been changed to protect our readers. America Loan Service would like your comments on our website. Please do not give America Loan Service your last name and try to keep the information in your testimonial quite nonspecific. It is the overall topic that people relate to and we appreciate your comments. When you send your story, it will be reviewed within 24 hours and you will be notified if they are published.