While plenty of the best bad credit lenders offer low starting rates, high borrowing limits, or long repayment terms, Upgrade is among the few that offers all three. And you may be able to secure a lower rate through setting up autopay or using at least a portion of you▨r loan funds to pay off꧟ outstanding debt.

Borrowers, especially those with poor credit, will likely appreciate that they can get a rate quote without a 澳洲幸运5开奖号码历史查询:hard inquiry.✤ Upgrade also has a short-term 𝐆hardship program. With its Credit Health tool, you can monitor and protect your credit with helpful tips and fraud alerts.

However, Upgrade’s maximum 澳洲幸运5开奖号码历史查询:annual percentage rate (APR) for personal loans for bad credit is on the higher side compared to other loans, and it charges a fairly pricey 澳洲幸运5开奖号码历史查询:origination fee. The lender also scored a below-average 666 in the J.D. Power 2024 U.S. Consumer Lending Satisfaction Study.

Upgrade was founded in 2017. Headquartered in San Francisco, it also has offices in Phoenix; Atlanta; Orange County, California; and Montreal.

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Even among the best bad credit lenders, Upstart is the only one with the lowest possible minimum credit score requirement of 300. Borrowers without a credit history aren’t left out either, so long as they’re currently enrolled in or have graduated from an accredited school or other degree-granting program. Upstart offers a reasonabl🌸e maximum loan𒀰 amount of $50,000 and a single-day funding period.

While borrowers with exceptional credit will enjoy a low minimum APR and 0.00% origination fee, those who’d benefit most from Upstart’s generous credit policy will have to contend with a much 澳洲幸运5开奖号码历史查询:higher maximum APR and a large 12.00% maximum origination fee. Poor credit borrowers also can’t avoid these pitfalls by getting a co-signer or co-bo🧸rrower, as these options aren’t available for Upstart’s loans.

Upstart was founded in 2012. It’s headquartered in San Mateo, California, and has additional offices in Columbus, Ohio, and Austin, Texas.

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As if directly paying your creditors wasn’t enough, Achieve also offers pre-qualification, allowing you to determine whether you’ll be approved before you apply. If you do decide to take out an Achieve 澳洲幸运5开奖号码历史查询:debt consolidation loan, you’ll be able to call on a dedicated loan consultant who can walk you through each step of the application process. Achieve’s typical funding time is one day, but same-day funding is possible if an application is submitted early enough.

On the downside, in addition to its fairly high minimum credit score requirement, Achieve loans aren’t available in certain states. That said, if you reside in a qualifying state, you can benefit from three separate APR discounts. On top of permitting the lender to pay your creditors directly, you can also qualify for a lower rate by adding a 澳洲幸运5开奖号码历史查询:co-borrower to your application and showing proof of sufficient retirement funds.

Achieve was originally founded in 2002 as FreedomPlus. It’s headquartered in San Mateo, California, and has additional offices in Dallas, Texas, and Tempe, Arizona.

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Universal Credit is an online lending platform powered by Upgrade, which might explain some of their similarities. Like its parent company, Universal Credit can pay your creditors directly, and it also allows you to pre-qualify. After going through pre-qualification, if you fail to qualify for an unsecured loan, the lender may give you the option of putting your car or a similar asset down as 澳洲幸运5开奖号码历史查询:collateral.

Universal Credit’s minimum APR is notably higher than that of Upgrade (or any other lender on this list for that matter). Additionally, it levies an origination fee of at least 5.25%—also the highest one on this list. All that being said, borrowers have still rated Universal Credit very favorably on Trustpilot. Additionally, if you’re ever having any trouble with your loan, its extended customer service hours make it easier to get in touch with someone who can help.

Universal Credit got its start in 2020. As with its parent company, this lender is based out of San Francisco.

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Patelco offers several types of personal loan products, including debt consolidation and secured loans. While its minimum APR isn't the lowest on this list, it has a low APR maximum. And if you don’t qualify for the lowest rate, you’re automatically enrolled in its LevelUp program, which will lower your rate by 0.50% (up to a 1.50% maximum) for each year that you make on-time payments. There’s also an additional 0.10% discount for new consumers who meet certain requirements.

This credit union also has a much wider range of loan amounts, greatly benefiting borrowers who only need a few hundred dollars or to make a substantial purchase. Additionally, if you ever have trouble repaying your debt, the lender has multiple hardship assistance programs available. Although Patelco’s only physical branches are scattered a❀cross California, anyone nationwide can become a member by joining the Financial Fitness Association.

Patelco was founded in 1936. Its headquarters is in Dublin, California, and it has 36 additional offices in the Northern California area.

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While Avant’s low minimum credit score requirement does mean borrowers with bad credit are more likely to qualify, they’re also more likely to get stuck with the maximum APR of 35.99%. On top of that, the lender will also levy an administration fee of up to 9.99%. While this is a steep upfront price to pay, remember ൲that making your loan payments on time will steadily improve your credit score, which gives you a better chance of securing a lower rate when you refinance.

Avant does a soft credit check when you check your loan options, allowing you to preview your rates and terms without impacting your credit score. Its interest rate and repayment term ranges are reasonable. But it takes up to two business days to fund the loan, which is one of the slowest funding times of any lender on this list. Additionally, Avant has tens of thousands of positive reviews on Trustpilot, though it received a below-average score of 657 in the latest J.D. Power study.

Founded in 2012, Avant’s headquarters is located in Chicago.

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