When applying, having a FICO score between 670 and 850 generally qualifies you for competitive interest rates and loan terms. But even with a 550 credit score, it is still possible to get a loan.
If you have strong credit, you likely have a better shot of qualifying for a personal loan with lower rates and more favorable repayment terms. But if you have a poor credit score of 550 or lower ...
Some personal loan lenders have minimum credit score requirements as low as 550. If approved for a bad credit personal loan, expect to pay more in interest and fees. Improving your credit before ...