Finimpact

Frequently Asked Questions(FAQ)

Can I get approved for a personal loan with a 650 credit score?

You can get approved for a personal loan with a 650 credit score. There are various personal loans for fair credit if you know where to look. Rocket Loans has a minimum credit score requirement of 640, and Amone offers loans to consumers with credit scores as low as 550.

Can I get a personal loan with a 580 credit score?

According to FICO's rating system, a credit score of 580 is on the low end of the credit scale. And though there are indeed loans available for a credit score of 580, including loans from Amone and NetCredit, you may wish to take steps to improve your credit score first.

Can I get a $50k loan with a 650 credit score?

When it comes to a loan for $50,000 or more, lenders will be sure to look closely at your credit history, score, and more. And though there are lenders that will provide loans of $50,000 for a 650 credit score, you may wish to take steps to improve your credit score first. Further, make sure you meet any minimum monthly payment requirements before applying.

What credit score is needed for a $20,000 loan?

A credit score of 660 or higher will usually be required for a $20,000 loan. Most lenders tend to have broad loan ranges and specific requirements related to credit score, income, etc., to determine your eligibility and creditworthiness. The higher the credit score, however, the more likely you are to be approved and the more money you’ll likely be able to borrow. 

About the Authors

Ann Bloomquist

Written by: Ann Schreiber

Seasoned Copywriter & Content Marketer

Ann have been a marketer and a content writer for over 20 years. She have worked for financial institutions such as FICO, Experian, and BlueChip Financial as a director of content and brand marketing.

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