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Welcome to Credit and Cents, your partner to building financial awareness on your journey to financial freedom.
Personal loans or emergency cash are available for all credit scores as shown below. Loan needs can arise at any time. Personal loans can be used for almost anything you need it for, including for debt consolidation, home renovations, unexpected medical expenses, unforeseen emergency cash need, or making a large purchase. Also, compared to borrowing with credit cards with an average interest of around 16.27%, the personal loan APRs start from 8% (subject to your credit score and other underwriting guidelines) and average around 12.35% (according to Federal Reserve data). It is important that you avoid high interest payday loans. With the growth of FinTechs and peer-to-peer lending companies personal loans are now cheaper and more accessible, and is the fastest growing product in the borrowing category since 2015.
There are several lenders servicing various customers across the entire credit spectrum, personal loans are available for all types of credit scores, so you do not need to take out a payday loan when you are in need of emergency cash. Online lenders who target low-credit borrowers generally offer loans with rates from 18% to 36% APR.
Another loan option to consider is a secured loan, using a car or savings account or other assets as collateral. This may help in getting a better rate.
It goes without saying that you need to manage your borrowing responsibly and pay back the loan in accordance with your loan terms to maintain your credit rating and boost your credit score. Personal loans generally are paid back in regular increments over a set period of time. It will help you to be more informed to know your credit score before applying for any loans. If you need to check your credit score for free, click here for Experian.
For credit cards that can build credit or to earn cash back, please click here.
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Credit Score Range Break Outs
FICO Score ranges break down as follows:
- Excellent credit: 800 – 850
- Very Good credit: 740 – 799
- Good credit: 670 – 739
- Fair credit: 580 – 669
- Poor credit: 300 – 579
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Selecting the Best Personal Loan
To get the best personal loan for you, compare rates from several multiple lenders. This is where loan aggregators can be useful, where you complete a single loan application which gets forwarded to several lenders. Also, you can pre-qualify and see estimated APRs without impacting your credit score. When the lenders get back to you, choose the loan with the lowest APR.
Also, consider the loan’s term, payment amount, and whether there is flexibility in selecting your payment due date.
Please see below links from our other lending partners for all types of Personal Loans and Emergency Cash and for all kinds of credit scores. Avoid high interest payday loans (repeating again to help you avoid the financial stress that comes with such high interest loans). Compare and review your loans options with the lenders below (as mentioned earlier, in most cases one application gets routed to several lenders who will compete to win your business) and go with the loan that works for you.
Personal Loans for all Credit Scores
(Disclaimer: If you apply and get a loan from any of the below offers, this site may receive compensation from the affiliate partners at no additional cost to you. Credit and Cents is not a lender, does not take applications or make loans or credit decisions. We have partnered with a long list of lenders to provide a service to connect you to a lender from our network. We do not control and are not responsible for any lender’s actions or decisions).
Recommendations for Installment Loans – choose from the options below:
1. (NEW) Don’t let high car prices get you down. If your credit score is 570+, click on the banner below. For new or used car loans and even to refinance your existing car loan, click here. Get up to 4 loan offers in minutes.
The average customer can save $1,900 on refinancing! The process is fast, free and easy.
2. (NEW) – Access your Personal Loan match from Experian by clicking on the banner below:
3. First Premier Lending can get customers up to $1,000 wired to their bank account in as little as one day.
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All credit scores considered.
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Flexible Payments
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Cash is deposited directly into your bank account in as fast as one business day.
- Safe & Secure
Restrictions: Not available in AR and NY.
Click below to get started:
4. The Upgrade Triple Cash Rewards Visa® card combines the flexibility of a cash back credit card with the low-cost predictability of a personal loan.
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Unlimited cash back on payments – 3% on Home, Auto and Health categories and 1% on everything else
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$0 annual fee, $0 activation fees, $0 foreign transaction fees
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Credit lines range from $500 to $25,000.
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Regular Purchase APR ranges between 14.99%-29.99%.
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Borrow from your credit limit and request that funds be sent directly to your bank account. You then pay back the loan in equal monthly installments over a set period and fixed interest rate. Personal loans are made by Upgrade’s lending partners.
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Generally requires a minimum average credit score (low 600s) for approval.
Restrictions: Applications not accepted in Iowa, Wisconsin, Washington, D.C., and West Virginia.
See if you qualify in minutes without hurting your credit score.
Apply Now
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For a list of our Secured Credit Cards to build or rebuild credit, please click here.
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