Debt Consolidation Personal Loan Options
An unsecured personal loan is a great solution for debt consolidation if your credit score and credit history meets 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 620 credit score a high risk, online lenders are happy to receive your loan application
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/security, you're applying for an unsecured bad credit loan.
What you can expect when you apply for a bad credit loan:
- Loan amounts normally do not exceed $5,000
- The term of a bad credit loan is much shorter with the longest term around 36 months
- Interest rates will be much higher with some starting over 25%
Business Loan Refinancing
There is a number of business loan providers that will look at a debt consolidation loan with personal credit scores starting at 500. Some conditions apply including the time in business and gross annual revenues.
Student Loan Refinancing
Private Student Loans
Bad Credit Auto Financing
If you are searching for an auto loan up 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.
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.
Free Credit Score Repair
Novita offers a free service credit rebuilding program
Research your Credit Score and Credit History
It's always a good idea to check your credit score and credit history before applying for a loan. Look through the report and check and see if you agree with everything on the report. If you disagree with the information on the report, contact the credit bureau and let them know that there is an error.
If you find errors in your credit report, Lexington Law helps consumers repair errors on their credit report.
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. if you have damaged your credit with too much debt a co-signer can help with lowering your monthly interest expense.
0% on purchases credit cards
Balance Transfer Credit Cards
Secured 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.
Reverse Mortgage Options
Best Secured Bad Credit Loan Options
Most lenders are looking to provide loans to people with security. The lenders want their money to be protected with assets as collateral. If you do try to apply for a loan with bad credit, having security can go a long way. Security refers to the equity in your home, refinancing your vehicle or finding a co-signer. The lender will place a lien against your asset to secure the loan. Even when you are using security, it can be difficult getting a secured loan. Lenders still check your payment history as they do not want to risk having to repossess your assets. If you are planning on using security to secure your loan, you are risking the possibility of losing your assets if you default on the loan payment.
America Loan Service was contacted by Danika looking for a debt consolidation loan with a 518 credit score
Application from: Raj
were getting divorced and I need a loan to clear off all debt between us. We reside in Brandenburg Kentucky so help us out about the best loan provider for our state.
Reply to: Raj
Application from: Suzy
I am a student and would like to re-finance my loans. I need direction. I am employed but not in my field. do you have advise for me?
Reply to: Suzy
Application from: Stevi
Hi , I am Stevi and my partner and I want $20000 to pay off past due rent payments. my credit score is 789 - an excellent score , I think
Reply to: Stevi
Application from: Brandy W
with this loan of $8000 I can pay off all debts and easily manage a single payment
Reply to: Brandy W
Application from: Howie
i have a home in Hato Rey Puerto Rico. I make $2700.00 a month. I want a debt consolidation loan of $22500.00 I have good credit - probably 579. can you know a lender who be able to give a loan. I don't have many loans to pay.
Reply to: Howie
Application from: Rebecca D*
Reply to: Rebecca D*
Application from: Nicholas*
Reply to: Nicholas*
Application from: John*
Bad Credit Unsecured Personal Loan from $500 to $5,000
Any Credit Score Can Apply
Reply to: John*