{"id":394,"date":"2022-05-19T05:12:28","date_gmt":"2022-05-19T05:12:28","guid":{"rendered":"https:\/\/blog.thinkwallet.com\/?p=394"},"modified":"2022-06-07T17:17:13","modified_gmt":"2022-06-07T17:17:13","slug":"how-to-get-a-personal-loan-with-a-600-credit-score","status":"publish","type":"post","link":"https:\/\/blog.thinkwallet.com\/how-to-get-a-personal-loan-with-a-600-credit-score\/","title":{"rendered":"How to Get a Personal Loan with a 600 Credit Score\ufffc"},"content":{"rendered":"\n
When applying for a loan, lenders review your credit score and credit history to determine your likelihood of repaying the loan and how much of a risk is associated with lending you money. When it comes to a personal loan, the lending criteria tend to be more strict than qualifying for a mortgage loan or an auto loan. This is because a personal loan is considered an unsecured loan \u2013 meaning there is nothing for the lender to take if you default on the loan. A credit score of 600 is considered poor to fair and may be caused by things like short credit history, late payments, or maxed-out credit cards. Although it\u2019s harder to qualify for a personal loan with a 600 credit score, it\u2019s still possible. You won\u2019t qualify for a low APR rate offered to people with an excellent credit score, but you can still find acceptable interest rates that are lower than credit card advances or payday loans. Borrowers with a FICO score of 629 or lower may need to put in some extra work to find and qualify for the loan.<\/p>\n\n\n\n