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Everything You Want to Know About Chapter 7 Bankruptcy

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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Debt is a familiar companion for most in the United States. And even though we expect to see collective consumer debt surpass $4 trillion this year, most consumers are able to maintain payments and manage debt effectively. Unfortunately for some consumers, such as the 12.8 million who filed bankruptcy petitions between Oct. 1, 2005 and Sept. 30, 2017, debt can become an unmanageable burden that they can’t imagine themselves escaping. Whether the financial struggle is due to unexpected life circumstances or mismanaged money, declaring Chapter 7 bankruptcy might be an option worth considering.

How Chapter 7 bankruptcy works

Bankruptcy is designed as a form of relief to debtors, allowing them to discharge or reorganize their debt. In the case of Chapter 7 bankruptcy, the goal is to liquidate any nonexempt assets and use the proceeds to pay creditors. Which assets are considered nonexempt are defined by your state, but are generally comprised of assets that are not needed in the maintenance of a home or job.

The initial step for most may be to meet with a bankruptcy lawyer to get details on the process along with an overview of the benefits and drawbacks based on your personal situation. After that, if you decide that Chapter 7 seems like the right choice, you need to get credit counseling within the six months before you file.

Assuming that the credit counseling doesn’t find an alternate option, you then file for bankruptcy, submitting the appropriate forms and information (outlined below). After filing, a trustee is appointed to the case. Within 40 days of filing, the trustee will set up a meeting of creditors, during which all the listed creditors and the trustee are able to question the debtor about their financial situation. The trustee handles the administration of the bankruptcy, determines whether there’s a presumption of abuse, liquidates assets, makes payments to creditors and submits asset reports when relevant.

Finally, about 60-90 days after the meeting of creditors, if no creditor files a complaint or objection, the bankruptcy is discharged. Once this is done, the remaining eligible debts are wiped out and the debtor is no longer responsible for maintaining payments. This is also the case in a “no asset” bankruptcy, where there are no assets to liquidate and, as a result, no payments made to creditors before discharge.

It’s understandable why a person might want to file Chapter 7, since it allows borrowers a fresh start without managing ongoing payments, but there are rigid requirements to qualify since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was introduced to help ward off abuse of the bankruptcy system.

Chapter 7 eligibility

Before determining whether you are eligible for Chapter 7 bankruptcy, determine whether you want to use this option at all. Chapter 7 is often referred to as a liquidation, which means that assets you own (such as a recreational or second vehicle, or tools) can be sold by the trustee in order to pay your debtors. For some consumers, that might be enough to encourage them to look at alternatives, such as Chapter 13 bankruptcy.

But if you determine that the positives of Chapter 7 outweigh the negatives for you, see if you qualify to file. There are a few simple deal-breakers that immediately disqualify you from filing Chapter 7:

  • You’ve had a Chapter 7 bankruptcy discharged in the past 8 years
  • You’ve had a Chapter 13 bankruptcy discharged in the past 6 years

A few more situations that could make you ineligible for Chapter 7 include:

  • You’ve had a Chapter 7 or Chapter 13 bankruptcy dismissed in the past 6 months for reasons such as violating a court order
  • Your debts were obtained through fraudulent means (which could include making false statements on a loan application)
  • You are filing as a corporation or LLC

Your income may prove yet another obstacle between you and Chapter 7. This is determined by taking a means test. Through this test, your last six months of income is measured against the median income of your state. If your income is the same or more than the median, you must complete a second form that lists your expenses. The total allowable expenses are then compared with your income to determine whether you qualify to file for Chapter 7.

What debts are forgiven or discharged under Chapter 7?

The goal of Chapter 7 bankruptcy is to discharge a debt, but only eligible debts will be discharged. So, what’s not eligible? Some of the most common debts you can’t discharge include:

  • Child support
  • Alimony
  • Certain tax debt
  • Death and personal injury claims due to a DUI
  • Debt obtained through fraud
  • Debts not listed in the bankruptcy
  • Most student loan debts

What does that leave? Dischargeable debts such as:

  • Medical bills
  • Consumer debt, such as credit cards
  • Personal loans and promissory notes
  • Some lawsuit judgments
  • Lease and contract obligations

How to file Chapter 7 bankruptcy

First steps

Get a credit counseling briefing with a state-approved provider

Must be done within the 6 months before your filing

Determine which court will handle your case

Find the right court through tools online for your district

Discover what state-specific requirements are for your filing

Some states will list special forms on their website that are required by your local court

Form B2010

A notice required by 11 U.S.C. § 342(b)

Forms for the initial petition

Form 101

Voluntary petition

Form 121

Statement about Social Security numbers

Form 119

Preparer’s notice

Form 2800

Compensation disclosure for preparer

Form 103A (when relevant)

Request to pay fees in installments

Form 103B (when relevant)

Request to waive filing fees

Form 101A (when relevant)

Initial eviction judgment statement

Form 101B (when relevant)

Payment of eviction judgment

You will also be required to submit the certificate of completion for credit counseling and a list of all creditors

Within 14 days of filing

Form 106Dec

Individual debtor’s schedules

Form 106Sum

Asset and liability schedule

Forms 106A-J

Property, debtors, income, leases, expenses statement

Form 107

Financial affairs statement

Form 2030

Compensation disclosure for attorney

Form 108

Chapter 7 filing intention

Form 122A-1

A statement of current monthly income for Chapter 7

Form 122A-2

The means test calculation for Chapter 7

Form 122A-1Sup (when relevant)

Statement of no presumption of abuse

Finally, you’ll be asked to submit a copy of all income (pay stubs and remittances) received in the 2 months before filing

One of the very first things a bankruptcy filer must do before filling out a single form is to get a credit counseling briefing from a provider that’s approved in the state where the bankruptcy will be filed, a step that must be taken in the six months before your filing.

Melinda Opperman, executive vice president of the nonprofit Credit.org, says that this consultation entails an in-depth review of a debtor’s budget and explores different recommendations and options, but it goes even deeper than that.

“We get to the root problem and probe,” said Opperman. “It might seem like a job loss was the reason for the hardship, but then you realize it’s [just the final straw],” she said.

From there, Opperman said the goal is to provide resources, like a comprehensive budget, to help the consumer achieve their financial goals. If the consumer has settled on declaring bankruptcy, the briefing includes a discussion of the terminology they can expect to hear through the process. The briefing can cost anywhere from $15 per household to $50 per person, depending on the provider you choose.

Another prefiling step is to find out which court you need to file in, based on your local district courts. Then, check with the local court to find out if there are any state-specific forms you need to complete. The last prefiling step is to review Form B2010, a required notice that explains the different types of bankruptcy you can file as well as the costs. For 2018, Chapter 7 had a total fee of $335 — not including lawyer fees.

Completing the initial petition

The initial steps for the initial filing include (when relevant) the following forms as well as any state-specified forms:

  • Form 101: Voluntary Petition for Individuals Filing for Bankruptcy
  • Form 121: Your Statement About Your Social Security Numbers
  • Form 119: Bankruptcy Petition Preparer’s Notice, Declaration and Signature
  • Form 2800: Disclosure of Compensation of Bankruptcy Petition Preparer

You may also need to include the following optional forms, when relevant:

  • Form 103A: Application for Individuals to Pay the Filing Fee in Installments
  • Form 103B: Application to Have the Chapter 7 Filing Fee Waived
  • Form 101A: Initial Statement About an Eviction Judgment Against You (individuals)
  • Form 101B: Statement About Payment of an Eviction Judgment Against You (individuals)

Finally, you’ll want to prepare a list or matrix of all your creditors, formatted the way your local court requires. Submit this along with the above forms and your certificate of credit counseling completion.

Within two weeks

The next and final set of forms must be submitted within the 14 days following your initial filing. These forms consist of:

  • Form 106Dec: Declaration About an Individual Debtor’s Schedules
  • Form 106Sum: A Summary of Your Assets and Liabilities and Certain Statistical Information (individuals)
  • Forms 106A-J: Schedules to 106 listing property, debtors, income, leases, income, expenses and more
  • Form 107: Your Statement of Financial Affairs for Individuals Filing for Bankruptcy (individuals)
  • Form 2030: Disclosure of Compensation of Attorney For Debtor
  • Form 108: Statement of Intention for Individuals Filing Under Chapter 7
  • Form 122A-1: Chapter 7 Statement of Your Current Monthly Income
  • Form 122A-2: Chapter 7 Means Test Calculation
  • Form 122A-1Sup (when relevant): Statement of Exemption from Presumption of Abuse Under §707(b)(2)

The court will also need a copy of all pay stubs and remittances you receive during the 60 days prior to your bankruptcy. Once again, check with your local court to see how they want these submitted and whether they go to the court of the bankruptcy trustee.

Finally, while not a necessity for filing, a requirement prior to discharge is a second financial education course. “The second course focuses on things like setting financial goals, budgeting, banking, borrowing, credit reports, credit scores, re-establishing credit, homeownership and different consumer laws,” said Opperman.

When filing Chapter 7, there is no requirement to have a lawyer, but because of the length of the forms and the number of them, it could be helpful to have one working with you. Especially since you may be able to offset the expense by getting bankruptcy filing fees waived with Form 103B. Either way, since most bankruptcy lawyers offer a free initial consultation, it’s a good idea to at least meet with one and get a sense of the process.

The means test

Chapter 7 has a reputation for being difficult to qualify for. This is mostly due to the more stringent eligibility standards put in place by BAPCPA in 2005. More directly, it’s because of the means test, a nine-page form that analyzes the filer’s expenses. But it’s not always the filer’s actual out-of-pocket expenses that are measured in this test. Instead, most of the expenses are based on the number of people in the household and the IRS-issued National and Local Standards for expenses like food, clothing, and utilities. In other words, what you actually spend on clothing and food will not be a factor.

Passing or failing the means test

When you pass the means test, it shows the court that your filing for Chapter 7 is not an abuse of the bankruptcy system because you can’t afford to restructure your debt under Chapter 13. But life has a way of throwing curveballs at us, which means that just because you fail the means test today doesn’t mean you will six months from now.

Failing the means test means that you’re a good candidate for Chapter 13, but this is only true if you can maintain payments of the Chapter 13 plan for the full three to five years. If you think this isn’t the case, possibly because an unusual bonus or remittance inflated your income before taking the means test, then you may want to wait and retake the test. Or, if you are willing to deal with a higher level of judicial involvement, you can file Chapter 7 even after failing the means test by listing out what you consider to be your special circumstances.

Pros and cons of declaring Chapter 7 bankruptcy

By far, one of the biggest positive aspects of declaring Chapter 7 bankruptcy is the ability to get eligible debts discharged without further payments. Chapter 7 is also much faster than other types of bankruptcy, in some cases taking as little as four months to discharge. (Chapter 13 can take years to get discharged.) Finally, the fact that collections activities stop once a bankruptcy is filed is a positive for many stressed-out debtors.

On the negative side, the impact on your credit score is probably the first thing that comes to mind. But when you’re facing the financial difficulties that make Chapter 7 a viable solution, it’s likely your credit score is already being impacted by late payments, collection notices, and repossessions, and would continue to be if you didn’t file.

One big negative for those who own nonexempt assets is the fact that they will be liquidated to pay creditors. Also, a potential negative is that your next tax refund may be considered part of the bankruptcy estate if it was from prefiling income.

Pros:

Cons:

  • Eligible debts are discharged without further payments
  • Faster than other types of bankruptcy
  • Collections activities stop once a bankruptcy is filed
  • Can be discharged in as little as 4 months
  • Has a negative impact on your credit score
  • Nonexempt assets will be liquidated to pay creditors
  • Tax refunds for income earned before filing are considered part of the bankruptcy estate

Alternatives to Chapter 7

For many, bankruptcy is a last resort to deal with out-of-control debt issues. But it’s not the only choice a consumer can make. They might also consider other debt management options such as:

  • Debt management plan: After getting the credit counseling briefing and financial education course required to file bankruptcy, you may learn financial management skills you didn’t have before. These skills can help you create a more efficient budget and may help you discover the ability to better manage your debt without needing to declare bankruptcy.
  • Debt consolidation loans: You may be able to undergo debt consolidation to take all your debt and transfer it to one payment at a reduced interest rate, making repayment somewhat easier to manage. If you have equity in your home, you might be able to take out an equity loan and create your own debt consolidation with lower interest than your creditors currently charge.
  • Lender negotiations: Some lenders may be willing to negotiate with you to lower interest rates and remove fees if you present them with a repayment plan. If you can make a lump sum payment, you may find that some creditors will even settle the total amount due for less. But note that the amount forgiven can be taxable.

When you decide to try to create your own plan for debt resolution, Opperman suggests still taking advantage of the help that an accredited, nonprofit credit counseling agency offers. “Yes, you can do it on your own, but most of us don’t repair our own cars or cut our own hair, so why try to handle this serious of an issue on your own,” said Opperman. “You can do a self-administered [debt management] plan, but at least start by getting some pro advice,” she said.

In some situations, a Chapter 13 bankruptcy might be a better solution than a Chapter 7 or a debt management plan. Especially when your income is high and you have nonexempt assets you want to protect, but your expenses are too high to manage debt repayment on your own.

After you declare bankruptcy, what comes next?

While you may be free and clear of certain debts after declaring Chapter 7 bankruptcy, you might still have remaining debts to manage like student loans, mortgage payments, and other non-dischargeable debts. It’s going to be vital that you create a plan that enables you to maintain those payments and not take on further debt, especially since you won’t be able to file Chapter 7 again for at least eight years.

As you may already have guessed, there will be some impact on your credit as a Chapter 7 bankruptcy will show on your credit report for up to 10 years. The good news is that the influence of this will lessen over time, so much so that we have research indicating that 75% of filers saw their credit rise to 640 after five years of filing — well before the bankruptcy had disappeared from their report.

Managing your credit is extremely important after filing bankruptcy because according to Opperman, things don’t always go as planned. “Often, after a bankruptcy, your credit report is a mess because creditors stop collections and debts get charged off,” she said. “By the time [filers] look at their credit report two years later, it still looks like they owe debts that were discharged,” said Opperman. To help with this, Credit.org created “The Consumer Guide to Good Credit,” which guides consumers through the process of re-establishing good credit after bankruptcy.

FAQ:

While a bankruptcy filing can stop foreclosure actions, it won’t save your home if you’re behind on payments and it’s only a temporary solution. Instead, struggling homeowners who are facing foreclosure should consider filing Chapter 13, which allows them to catch up on past-due payments.

The main obstacle is the means test, which measures your income and expenses based on IRS-issued National and Local Standards for household expenses, such as utilities and food. If your current monthly income is less than the state median, or your aggregate five-year net income on the means test is less than $12,850, or 25% of your total unsecured debt (of $7,700 or more), then you may qualify.

Yes — assuming you are not behind in payments. A home is generally considered an exempt asset if you have no equity or it is under homestead exemption in your state, which means it’s not liquidated to pay creditors the way that a boat or vacation home might be.

Conclusion

Chapter 7 offers consumers a much-needed solution to the problem of overwhelming debt that can stem from a job loss, medical expense or other unexpected, life- and finance-altering event. While it is more difficult to qualify for Chapter 7 now than it was a decade ago, the hurdles in place are there to prevent abuse of the bankruptcy system, while still ensuring those who legitimately need Chapter 7 can still get access.

Moving forward after bankruptcy, consumers should make sure they extend their financial knowledge and exercise caution when taking on debt, to ensure they don’t end up needing bankruptcy again a few years down the road. The key to this, according to Opperman, is knowledge. “Financial knowledge is power when it comes to your money, and risk occurs when you don’t know what you’re doing with your money,” she said.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Yolander Prinzel
Yolander Prinzel |

Yolander Prinzel is a writer at MagnifyMoney. You can email Yolander here

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How to Get Your Hospital Bill Reduced or Even Eliminated

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Here’s a little secret that many hospitals don’t want you to know: the bill they send you is only an initial offer.

There is almost always room to negotiate, and in some cases you can get your bill reduced by as much as 90% — or forgiven entirely.

All it takes is knowing who to ask.

Hospital financial assistance

You may not have known that many hospitals — nonprofits in particular — have financial assistance programs designed to help people pay for medical care they couldn’t normally afford.

And there are two situations where you’re especially likely to qualify.

1. You’re uninsured

The first situation is if you’re uninsured. Often, simply being uninsured can result in an automatic bill reduction, no matter your income. Those with lower incomes may qualify for even bigger reductions.

Keep in mind that this isn’t necessarily a reason to go without insurance. Insurance comes with many protections, such as a maximum out-of-pocket cost and pre-negotiated rates for procedures that reduce the cost without any work on your end. Not to mention you avoid penalties for being uninsured.

2. You owe a significant amount after insurance

The second situation is if you are insured but your insurance only covers part of the cost. The lower your income and the more of your bill for which you’re responsible, the more likely it is that you’ll qualify for help.

3 forms of financial assistance

If you find yourself in one of the above situations, there are three forms of financial assistance for which you may be eligible.

1. Bill reduction or forgiveness

The first is a bill reduction or potentially total forgiveness. This Redditor got a $12,000 bill reduced to $1,500 by contacting the hospital’s billing department — and there are other stories in the thread from people with similar experiences. In general, the more difficult your circumstances, the more that part of your bill may be forgiven.

2. Personal loans for medical debt

If you have medical debt that cannot be resolved with the hospital, you may consider taking out a personal loan to cover your medical bills. A personal loan could give you a year or longer to pay off your medical debt.

If you are already making payments on several medical bills, you could use a personal loan to consolidate them. That would allow you to make one payment per month on your debt instead of multiple payments. Doing so could also reduce the interest you pay on your debt.

While personal loan lenders generally don’t have specific refinancing programs for medical debt, they’ll likely let you use the loan funds to do so.

If you have a stable work and education history and a good FICO score, a personal loan may be the right fit for you.

To compare lenders and receive offers, you can explore MagnifyMoney’s personal loan marketplace. You can filter lenders by your credit score, loan amount and ZIP code. Many of the lenders you’ll find in this marketplace have no origination fees, prepayment penalties or other hidden fees. And some lenders, such as LightStream, offer fast application processing, meaning that same-day funding could be available. Use our table below to compare up to 5 lenders! Clicking “see offers” does not affect your credit!



Compare Personal Loans for Medical Debt

If you have poor or no credit, you may only qualify for high rates on personal loans. In that case, you may need to reconsider your options. Weigh the cost of a personal loan before committing. You don’t want to replace your medical bills with debt that is difficult to repay.

3. 0% interest repayment plan

The other type of help that most hospitals offer is a payment plan with 0% interest. These programs are often offered without any eligibility requirements, meaning anyone can enroll. And while they don’t reduce your bill, they can make it easier for you to afford the expense by spreading out the cost over a period.

In some cases, you may qualify for a bill reduction and a 0% interest payment plan.

If your hospital does not offer a payment plan but does accept credit cards, you can consider applying for a card with a 0% intro APR on purchases.

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How to get financial assistance from the hospital

To see whether you qualify for financial assistance, the best thing to do is reach out to your hospital as quickly as possible once you have your bill in hand.

“Just ask,” said Pam Horack, CFP® and founder of Pathfinder Planning. “I have found that if you contact the hospital billing department about payment, they are more than willing to work with you.”

Thomas Nitzsche of Clearpoint Credit Counseling Solutions agreed. “Act immediately upon receiving the bill and contact the billing department of the provider and ask to apply for financial aid, even if you think you make too much,” he said.

Figuring out who to ask

To figure out who to contact, look at your bill. There should be a phone number for the billing department on it, and you can call and ask about financial help. If that doesn’t work, Google “your hospital” + “financial assistance.” That should bring you directly to its financial assistance program with contact information to get you started.

From there, follow the instructions and provide the information needed. Though Melanie Lockert, the founder of Dear Debt who three years ago had a $1,600 bill forgiven, acknowledges that the process can take some time.

“I was grateful that they covered everything, but I did have to hand over a lot of information: bank statements, tax info, pay stubs and any other documentation to help my case,” Lockert said. “It took about two months for me to get the letter saying that everything was covered.”
If you run into any issues or are having trouble understanding your bills or organizing your financial situation, you might consider reaching out to a nonprofit credit counseling service for help. The National Foundation for Credit Counseling is a good place to start.

How to negotiate your medical bills

What if you don’t qualify for a bill reduction, or the bill isn’t reduced by as much as you’d like? What are your options?

Pay in cash (or with a flexible spending account)

You may be able to negotiate a lower bill, especially if you can pay upfront with cash.

“Sometimes doctor offices, hospitals, labs and other medical facilities will offer a discount if you pay your portion of the bill in full,” said Shanda Sullivan, CFP® and founder of Sullivan Financial Strategies. “I myself and a client have saved 5% to 10% off of our medical bills. It never hurts to ask.”

Horack added: “When I have had large bills, I called and asked if I could get a discount for paying cash. They reduced my bill by 20% and I paid with my FSA (flexible spending account).”

Research pricing at other hospitals

Another strategy is to research the average cost of the care you received using sites such as Healthcare Bluebook — or even call other local hospitals. If your hospital is charging you more, you could use that information as leverage for getting your bill reduced.

The bottom line is this: You have options when it comes to reducing your hospital bill. Often, the simple act of asking can save you a lot of money.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Matt Becker
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Matt Becker is a writer at MagnifyMoney. You can email Matt here

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The 8 Best Personal Loans for 600 to 700 Credit Scores

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7 Personal Loans for 600 to 700 Credit Scores

Updated June 03, 2019

If you have a less-than-perfect credit and want to pay off credit card debt, fund home improvement projects, or pay for unexpected expenses, then finding a lender that will consider your credit might seem like an uphill battle.

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Advertiser Disclosure.

The Annual Percentage Rate (APR) is the cost of credit as a yearly rate and ranges from 5.99%-29.99%, which may include an origination fee from 0.99% - 5.99% that is deducted from loan proceeds. Any origination fee on a loan term 4-years or longer will be at least 4.99%. The loan term and the APR offered will depend on your credit score, income, debt payment obligations, loan amount, credit usage history and other factors. Additionally, the APR offered is impacted by your loan term and may be higher than our lowest advertised rate. Requests for the highest loan amount may result in an APR higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest rate.

Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. Equal Housing Lender. "Best Egg" is a trademark of Marlette Funding, LLC. All uses of "Best Egg" on this site mean and shall refer to "the Best Egg personal loan" and/or "Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan," as applicable. Loan amounts generally range from $2,000-$35,000. Offers up to $50,000 may be available for qualified customers who receive offer codes in the mail. The minimum individual annual income needed to qualify for a loan of $50,000 is $130,000. Borrowers may hold no more than two open Best Egg loans at any given time. In order to be eligible for a second Best Egg loan, your existing Best Egg loan must have been open for at least four months. Total existing Best Egg loan balances must not exceed $50,000. All loans in MA must exceed $6,000; in NM, OH must exceed $5,000; in GA must exceed $3,000. Borrowers should refer to their loan agreement for specific terms and conditions. Your verifiable income must support your ability to repay your loan. Upon loan funding, the timing of available funds may vary depending upon your bank's policies.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

9.95%-35.99%

24 to 60

months

Varies

SEE OFFERS Secured

on LendingTree’s secure website

Avant branded credit products are issued by WebBank, member FDIC.

16.05%-35.99%

24 to 60

months

Varies

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure.

Not all applicants will qualify for larger loan amounts or most favorable loan terms. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. The lowest APR shown represents the 10% of loans with the most favorable APR. Active duty military, their spouse or dependents covered under the Military Lending Act may not pledge any vehicle as collateral for a loan. OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z, such as college, university or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. Texas: $8,000. West Virginia: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

5.99%-29.99%

24 to 60

months

Varies

SEE OFFERS Secured

on LendingTree’s secure website

All loans available through FreedomPlus.com are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a FreedomPlus representative for further details.

6.95%-35.99%

36 or 60

months

640

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure.

For example, a three-year $10,000 loan with a Prosper Rating of AA would have an interest rate of 5.31% and a 2.41% origination fee for an annual percentage rate (APR) of 6.95% APR. You would receive $9,759 and make 36 scheduled monthly payments of $301.10. A five-year $10,000 loan with a Prosper Rating of A would have an interest rate of 8.39% and a 5.00% origination fee with a 10.59% APR. You would receive $9,500 and make 60 scheduled monthly payments of $204.64. Origination fees vary between 2.41%-5%. APRs through Prosper range from 6.95% (AA) to 35.99% (HR) for first-time borrowers, with the lowest rates for the most creditworthy borrowers. Eligibility for loans up to $40,000 depends on the information provided by the applicant in the application form. Eligibility is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All loans made by WebBank, member FDIC.

Consider LendingTree

With LendingTree, you only need to fill out one short online form. A soft pull will be performed – so your credit score will not be harmed. LendingTree has a panel of dozens of lenders who will then compete for your business. You may be able to see how much you can borrow and the interest rate. This is a great place to start – especially for people with credit scores below 700.

LendingTree
APR

As low as 3.99%

Credit Req.

Minimum 500 FICO®

Minimum Credit Score

Terms

24 to 60

months

Origination Fee

Varies

SEE OFFERS Secured

on LendingTree’s secure website

LendingTree is our parent company

Advertiser Disclosure

LendingTree is our parent company. LendingTree is unique in that you may be able to compare up to five personal loan offers within minutes. Everything is done online and you may be pre-qualified by lenders without impacting your credit score. LendingTree is not a lender.


A Personal Loan can offer funds relatively quickly once you qualify you could have your funds within a few days to a week. A loan can be fixed for a term and rate or variable with fluctuating amount due and rate assessed, be sure to speak with your loan officer about the actual term and rate you may qualify for based on your credit history and ability to repay the loan. A personal loan can assist in paying off high-interest rate balances with one fixed term payment, so it is important that you try to obtain a fixed term and rate if your goal is to reduce your debt. Some lenders may require that you have an account with them already and for a prescribed period of time in order to qualify for better rates on their personal loan products. Lenders may charge an origination fee generally around 1% of the amount sought. Be sure to ask about all fees, costs and terms associated with each loan product. Loan amounts of $1,000 up to $50,000 are available through participating lenders; however, your state, credit history, credit score, personal financial situation, and lender underwriting criteria can impact the amount, fees, terms and rates offered. Ask your loan officer for details.

As of 28-Feb-2019, LendingTree Personal Loan consumers were seeing match rates as low as 3.99% (3.99% APR) on a $10,000 loan amount for a term of three (3) years. Rates and APRs were based on a self-identified credit score of 700 or higher, zero down payment, origination fees of $0 to $100 (depending on loan amount and term selected).

1. LightStream

LightStream offers personal loans for between $5,000 and $100,000. It requires a minimum credit score of 660 and offers APRs between 3.99% and 16.99%. That low 3.99% APY includes a 0.50% rate discount for signing up for automatic payments.

To check rates, you’ll need to submit to a hard credit check. Don’t let that scare you off from this lender, though. LightStream offers a Rate Beat Program, where it’ll outmatch any qualifying rate. And if you’re unhappy with your loan, you can earn $100 for completing a questionnaire that helps LightStream improve its services.

The Fine Print

LightStream doesn’t offer fees, but in order to qualify for a loan, you’ll need to have good credit. On its website, LightStream says it finds borrowers with good credit tend to have the following characteristics:

  • Healthy credit history showing a variety of accounts, such as lines of credit (credit cards) and installment debt (auto loan, mortgage)
  • Solid payment history
  • Evidence that you know how to save and manage money, such as by having retirement savings and balancing revolving debt
  • Good income and assets that show you can repay your outstanding debts and a loan offered to you by LightStream

You can use a LightStream personal loan for a variety of purposes, from buying a car to consolidating debt. However, LightStream personal loans can’t be used for college expenses or to refinance college loans.

Pros

  • Low-interest rates
  • No fees
  • Loans for between $5,000 and $100,000
  • You may receive same-day funding
  • Will beat qualifying competitor rates
  • Offers $100 Guarantee Program

Cons

  • Requires a minimum 660 credit score
  • Hard Pull to check rates
  • You can’t change the payment due date
  • Doesn’t offer preapproval
  • Can’t refinance student loans

LightStream is a solid choice for borrowers with solid credit who want fast funding. LightStream’s Rate Beat Program means you can receive a competitive rate, while its $100 Guarantee Program shows that this lender cares about your satisfaction.

APR

3.99%
To
16.99%

Credit Req.

660

Minimum Credit Score

Terms

24 to 144

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

LightStream is the online lending division of SunTrust Bank.... Read More


Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 3.99% APR with a term of 3 years would result in 36 monthly payments of $295.20.

2. LendingClub

LendingClub offers loans of up to $40,000, for individuals with a minimum credit score of 600. Its APR ranges from 6.95% to 35.89%. LendingClub also uses a soft credit pull to determine your rate, which will not affect your credit.

The Fine Print

In order to qualify for a LendingClub personal loan you must:

  • Not have more than 5 hard credit inquiries in the last 5 months
  • Have at least two active credit accounts open
  • Have a credit history of at least 36 months
  • Debt-to-income ratio of less than 40%
  • Be able to verify employment and income

Once you have met the minimum criteria, LendingClub uses its own scoring system to determine what amount you can borrow as well as your rate.

You can borrow money for 36 or 60 months, but it does charge up-front (origination) fees ranging 1.00% - 6.00% depending on credit worthiness, which come out of the loan amount.

Pros

  • Can see your rate with a soft credit pull
  • Will consider applicants with credit scores as low as 600
  • Offers very competitive interest rates for people with scores below 700
  • The application process only take a few minutes

Cons

  • Missed payments or items in collections will result in your application being rejected
  • Loan processing could take a week or more
  • APR can be as high as 35.89%
  • It does charge origination fees (1.00% - 6.00%)
  • Is not available in Iowa or West Virginia

LendingClub will approve people with credit scores as low as 600. If approved, the interest rates offered can be very competitive and the online application process is easy. This is good first stop for anyone with a score of 600 or higher to find the best deal.

APR

6.95%
To
35.89%

Credit Req.

600

Minimum Credit Score

Terms

36 or 60

months

Origination Fee

1.00% - 6.00%

SEE OFFERS Secured

on LendingTree’s secure website

LendingClub is a great tool for borrowers that can offer competitive interest rates and approvals for people with credit scores as low as 600.... Read More

3. Marcus by Goldman Sachs®

Marcus by Goldman Sachs® offers personal loans for up to $40,000 for debt consolidation and credit consolidation. With APRs ranging from 5.99% to 28.99% they offer one of the best personal loan options that is available from a traditional lender. While Goldman Sachs Bank USA has been around for over a century, Marcus is a completely online, streamlined experience that lets you complete your application and submit all of the needed documents from your computer.

The Fine Print

There are no specific credit requirements to qualify for a personal loan through Marcus by Goldman Sachs®, though, the company does target those with “prime” credit, which usually includes those with a FICO score higher than 660. While the credit requirements are lower than many other lenders, you will more than likely be rejected if you have missed payments recently or have any other negative marks on your credit report.

Applicants must be over 18 (19 in Alabama and Nebraska, 21 in Mississippi and Puerto Rico) and have a valid U.S. bank account. You are also required to have a Social Security or Individual Tax I.D. Number.

Terms currently range from 36 to 72 months and there is no origination fee. They also will only do a soft pull on your credit if you want to compare your loan options, which won’t affect your credit score. Additional perks of getting a personal loan through Marcus are no late fees (if you miss a payment, your loan will be extended and more interest will be added) and the ability to defer payments after you have made on time payments for a full year.

Pros

  • No origination fee
  • No late fees
  • Ability to defer payments after a year of on time payments
  • Wide range of repayment terms available between 36 to 72 months
  • Can see rates with a soft pull

Cons

  • Currently not available in Maryland
  • Rates up to 28.99% APR
  • No clear qualification information
  • Late payments will accumulate more interest, resulting in a larger final payment.

Marcus is a great option if you have good credit and want to get a personal loan that has a lower rate. It is also a great option for those that want to work with a traditional lender.

Marcus by Goldman Sachs®
APR

5.99%
To
28.99%

Credit Req.

Varies

Minimum Credit Score

Terms

36 to 72

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

Marcus by Goldman Sachs® offers personal loans for up to $40,000 for debt consolidation and credit consolidation. ... Read More


Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans).Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions. For New York residents, rates range from 5.99% to 24.99% APR.

4. BestEgg

BestEgg offers personal loans up to $35,000 for people with credit scores as low as 700. APRs range from 5.99% to 29.99%. You can check your rate without hurting your credit score, and BestEgg has an excellent application process (that can result in funding your loan very quickly).

The Fine Print

BestEgg does charge an origination fee, which can be between 0.99% - 5.99%. However, there is no prepayment penalty, and you can pay off your loan early without penalty.

Pros

  • Can see your rate with a soft pull
  • Will consider applicants with credit scores as low as 700
  • Offers very competitive interest rates
  • Fast application process and fast funding

Cons

  • APR can be as high as 29.99%
  • It does charge origination fees

BestEgg offers competitive rates and a quick online process to get your loan. It is an excellent option for people with less than perfect scores.

APR

Up to 29.99%

Credit Req.

700

Minimum Credit Score

Terms

36 or 60

months

Origination Fee

0.99% - 5.99%

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

People looking for a process that is fast and straightforward can’t go wrong when applying through Best Egg for a personal loan. ... Read More


The Annual Percentage Rate (APR) is the cost of credit as a yearly rate and ranges from 5.99%-29.99%, which may include an origination fee from 0.99% - 5.99% that is deducted from loan proceeds. Any origination fee on a loan term 4-years or longer will be at least 4.99%. The loan term and the APR offered will depend on your credit score, income, debt payment obligations, loan amount, credit usage history and other factors. Additionally, the APR offered is impacted by your loan term and may be higher than our lowest advertised rate. Requests for the highest loan amount may result in an APR higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest rate.

Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. Equal Housing Lender. "Best Egg" is a trademark of Marlette Funding, LLC. All uses of "Best Egg" on this site mean and shall refer to "the Best Egg personal loan" and/or "Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan," as applicable. Loan amounts generally range from $2,000-$35,000. Offers up to $50,000 may be available for qualified customers who receive offer codes in the mail. The minimum individual annual income needed to qualify for a loan of $50,000 is $130,000. Borrowers may hold no more than two open Best Egg loans at any given time. In order to be eligible for a second Best Egg loan, your existing Best Egg loan must have been open for at least four months. Total existing Best Egg loan balances must not exceed $50,000. All loans in MA must exceed $6,000; in NM, OH must exceed $5,000; in GA must exceed $3,000. Borrowers should refer to their loan agreement for specific terms and conditions. Your verifiable income must support your ability to repay your loan. Upon loan funding, the timing of available funds may vary depending upon your bank's policies.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

5. Avant

Avant offers access to loans from $2,000 to $35,000. There is no prepayment fee. It is possible to get your loan as soon as the next business day. Although every case is unique, we have seen Avant accept people with credit scores as low as 580 be approved.

The Fine Print

APRs range from 9.95% to 35.99%. The Avant platform does charge an up-front origination fee of up to 4.75%, which is lower than most of the competition.

Checking your Loan Options through Avant only requires a soft pull to see your rate, which does not affect your credit score, and there are no prepayment fees.

A personal loan through Avant received an “A” from MagnifyMoney’s Transparency Score.

Pros

  • Approved people with lower credit scores
  • “A” Transparency Score
  • Can see your Loan Options with a soft pull
  • Fixed terms, fixed interest rate, no prepayment fees

Cons

  • Interest rates as high as 35.99%
  • Charges an origination fee
  • Not available in Colorado, Iowa, West Virginia, and Vermont

Avant is a good option for people with less than perfect credit. You can check your Loan Options without hurting your score and it has an “A” transparency score.

APR

9.95%
To
35.99%

Credit Req.

Varies

Minimum Credit Score

Terms

24 to 60

months

Origination Fee

Up to 4.75%

SEE OFFERS Secured

on LendingTree’s secure website

Avant branded credit products are issued by WebBank, member FDIC.

Avant is an online lender that offers personal loans ranging from $2,000 to $35,000. ... Read More

6. OneMain

OneMain Financial offers loans up to $30,000 for individuals with credit scores starting at 600. It offers terms of up to 60 months and APR ranges from 16.05% to 35.99%.

The Fine Print

In order to be accepted for a OneMain Loan, you must live near a OneMain branch, as a face-to-face meeting is required to finalize the loan. OneMain personal loans are not available in Alaska, Arkansas, Connecticut, Massachusetts, Nevada, Rhode Island, Vermont, or Washington D.C.

In order to qualify you must have:

  • Verifiable, steady income
  • No bankruptcy filings, ever
  • Be at least 18 years of age
  • Have at least some established credit history
  • Credit score of at least 600

If, at any time during the application process, OneMain becomes aware that you intend to use the personal loan for gambling, your loan application will be cancelled. OneMain personal loans cannot be used for business expenses or tuition.

Pros

  • Credit score as low as 600
  • Fixed Rates
  • No Prepayment penalty
  • Fixed terms

Convenient location, at OneMain branches

Cons

  • APR ranges from 16.05% to 35.99%
  • Loans cannot be used for business expenses or tuition
  • See potential rate with a hard pull
  • Personal loans only available up to $30,000
  • Loans not available in Alaska, Arkansas, Connecticut, Massachusetts, Nevada, Rhode Island, Vermont, or Washington D.C.
  • You must visit a OneMain branch to complete the loan.

The OneMain personal loan caters to people with low credit scores, or who would prefer to complete the personal loan application process at a branch, rather than online.

APR

16.05%
To
35.99%

Credit Req.

Varies

Minimum Credit Score

Terms

24 to 60

months

Origination Fee

Varies

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

If you have a credit score below 600, OneMain Financial is one of the few lenders that you can use to get a personal loan.... Read More


Not all applicants will qualify for larger loan amounts or most favorable loan terms. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. The lowest APR shown represents the 10% of loans with the most favorable APR. Active duty military, their spouse or dependents covered under the Military Lending Act may not pledge any vehicle as collateral for a loan. OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z, such as college, university or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. Texas: $8,000. West Virginia: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

7. Freedomplus

FreedomPlus offers loans ranging from $7,500 to $40,000 that can be used for everything from debt consolidation, to unexpected expenses. APR ranges from 5.99% to 29.99%.

Its biggest selling point is the same-day approval and availability of funds within 48 hours, a lifesaver in some circumstances.

The Fine Print

In order to qualify for a Freedomplus loan, you must:

  • Be 18 years or older
  • Be a legal US resident
  • Have a valid ID
  • Minimum credit score of 0
  • At least $25,000 in verifiable income
  • No bankruptcies in the last two years

Freedomplus charges origination fees ranging from 0.00% - 5.00%, which is deducted from the loan amount before you receive the funds. There are no prepayment penalties.

The Freedomplus personal loan scores a “B” Transparency score because its fee structure and much of the fine print is unclear or not covered by the final contract.

You can prequalify with a soft pull, which does not affect your credit score. However, Freedomplus requires a phone screening with each applicant before the loan is approved.

Pros

  • Will approve credit scores as low as 0
  • The phone screening may improve your chances of being approved for the loan
  • Same-day approval and funds within 48 hours
  • No prepayment penalty
  • Can prequalify with a soft pull

Cons

  • APR ranges from 5.99% to 29.99%
  • The fee structure is not readily available for review
  • Origination fee of 0.00% - 5.00% applies

The Freedomplus personal loan is a good option for you if you have less than perfect credit, and need access to funds quickly, without visiting a physical branch.

APR

5.99%
To
29.99%

Credit Req.

Varies

Minimum Credit Score

Terms

24 to 60

months

Origination Fee

0.00% - 5.00%

SEE OFFERS Secured

on LendingTree’s secure website

With a personalized application process that includes a phone interview, FreedomPlus gives people with below average credit a shot at getting approved for a personal loan.... Read More

8. Prosper

The Prosper personal loan process is a little different than a traditional lender. It is not a bank, but rather a peer-to-peer lender. Once you have applied, and checked loan terms and rates, you create a loan “listing” that then appears on in the Prosper marketplace.

From these listings, peers (investors) choose which loans they would like to finance. When your loan listing is financed, the money is transferred to your bank account.

Prosper offers loans from $2,000 to $40,000, and APR ranges from 6.95% to 35.99%. It offers loans terms of either 36 or 60 months. Your APR is determined during the application process, and is based on a credit rating score created by Prosper. Your score is then shown with your loan listing to give potential lenders an idea of your creditworthiness.

The Fine Print

Your loan listing will remain active for 14 days. After 14 days, your loan must be at least 70% funded to receive the funds. If you are not 70% funded within 14 days, you must reapply to have your loan re-listed.

Origination fees range from 2.41% - 5.00% and are based on your Prosper score. In order to qualify, you must:

  • Have a bank account
  • Have a social security number
  • No more than 7 inquiries on your credit in the last six months
  • A verifiable, steady income
  • A credit-to-debt ratio of less than 50%
  • At least three open accounts, such as checking, savings, and credit card.
  • No bankruptcies in the last year

A returned payment may result in a $15 fee, and late payments past 15 days are charged a 5% fee, with a minimum of $15.

Prosper’s overall fine print is very clear is its fees are quite minimal, so it scores it an “A” Transparency Score. Also, you can check your Prosper rate with a soft credit pull, which will not affect your credit score.

Pros

  • Minimum credit score of 640
  • Can see your rate with a soft pull
  • No prepayment penalties
  • Paying off a Prosper loan can reduce your APR on future Prosper loans

Cons

  • Only 14 days to secure financing from peer lenders
  • Origination fee of 2.41% - 5.00% applies
  • APR varies from 6.95%– 35.99%

Prosper is a flexible alternative with a low-end APR that beats a credit card.

APR

6.95%
To
35.99%

Credit Req.

640

Minimum Credit Score

Terms

36 or 60

months

Origination Fee

2.41% - 5.00%

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

Prosper is a peer-to-peer lending platform that offers a quick and convenient way to get personal loans with fixed and low interest rates. ... Read More


For example, a three-year $10,000 loan with a Prosper Rating of AA would have an interest rate of 5.31% and a 2.41% origination fee for an annual percentage rate (APR) of 6.95% APR. You would receive $9,759 and make 36 scheduled monthly payments of $301.10. A five-year $10,000 loan with a Prosper Rating of A would have an interest rate of 8.39% and a 5.00% origination fee with a 10.59% APR. You would receive $9,500 and make 60 scheduled monthly payments of $204.64. Origination fees vary between 2.41%-5%. APRs through Prosper range from 6.95% (AA) to 35.99% (HR) for first-time borrowers, with the lowest rates for the most creditworthy borrowers. Eligibility for loans up to $40,000 depends on the information provided by the applicant in the application form. Eligibility is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All loans made by WebBank, member FDIC.

Shop Around to Find the Best Deal

If you have made past credit mistakes, or have very little credit, there are personal loans out there for you. Many of these lenders offer rates much lower than what you would be paying on a credit card, shaving month and hundred or thousands of dollars off of your debt.

Don’t give up on a personal loan just because of your credit – there are options out there for you. It never hurts to shop around and look for the best rates available, especially if the lender does a soft credit pull to show you your options.

*We’ll receive a referral fee if you click on offers with this symbol. This does not impact our rankings or recommendations. You can learn more about how our site is financed here.

APR
Terms
Credit requirement
LendingTree
As low as 3.99%
24 to 60 months
Minimum 500 FICO®

SEE OFFERS Secured

on LendingTree’s secure website

LendingTree is our parent company

Advertiser Disclosure

Disclaimer

3.99%
24 to 144 months
660
5.99% – 29.99%
24 to 60 months
Varies

SEE OFFERS Secured

on LendingTree’s secure website

7.16% – 29.99%
36 or 60 months
640

SEE OFFERS Secured

on LendingTree’s secure website

Up to 29.99%
36 or 60 months
700
16.05% – 35.99%
24 to 60 months
Varies
Peerform
5.99% – 29.99%
36 or 60 months
600

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on LendingTree’s secure website

9.95% – 35.99%
24 to 60 months
Varies

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on LendingTree’s secure website

Avant branded credit products are issued by WebBank, member FDIC.

Tower Federal Credit Union
8.74% – 11.74%
12 to 72 months
580

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on Tower Federal Credit Union’s secure website

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Gretchen Lindow
Gretchen Lindow |

Gretchen Lindow is a writer at MagnifyMoney. You can email Gretchen at [email protected]

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