Credit cards have notoriously high interest rates that can make them difficult to pay off. According to the Federal Reserve, the average interest rate on credit cards was 21.59% as of February 2024. But they can be much higher, especially if you've missed payments or have taken a cash advance. It may feel like you just can't get ahead.
One way to quickly tackle your debt is to use a credit card consolidation loan. Consolidation lets you refinance credit card debt at a lower interest rate, making debt payoff easier, quicker, and more affordable.
Advertiser DisclosureOverview
Lightstream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses like home improvements or weddings. Funds are available as soon as the same day you apply, and you'll have up to 12 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans. There are no origination fees, and rates are low — Lightstream's lowest APR beats SoFi's advertised lowest APR by 1 percentage point. But you'll need good credit to qualify.
Unlike most lenders, Lightstream does not let you prequalify on its site. Nor does it provide a contact phone number next to its customer service hours on its website.
Repayment terms
2 - 12 years, depending on loan purpose
Eligibility
Available in all states except RI and VT
Time to get funds
As soon as the same business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Overview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
Overview
Discover Personal Loans offers low APRs, repayment terms up to seven years, no origination fees, nationwide availability, and doesn't require your Social Security number to prequalify on its site. You'll need to have an annual income of at least $40,000, and a FICO score 660 or higher, to be eligible. If your credit score is fair or poor, you'll need to go elsewhere, as Discover doesn't allow cosigners.
Funds are available as soon as the next business day after loan approval.
Eligibility
Available in all 50 states
Time to get funds
Funds can be sent as soon as the next business day after acceptance
Loan uses
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Overview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Overview
LendingClub is a solid lender for good credit borrowers and some fair credit borrowers that apply directly on its website. It's easy to prequalify with LendingClub, especially if you're uncomfortable providing your Social Security number, as the company doesn't require it at the prequalification stage. (You will need to provide it if you move forward with a full application.)
While prequalification is not a guarantee that you'll be approved for a loan, LendingClub does a better job than most other Credible partner lenders at approving applicants that have successfully prequalified. In other words, you're less likely to have your application declined once you apply (if you've already prequalified). LendingClub may charge an origination fee between 3% and 8%.
Eligibility
Available in all 50 states
Loan uses
Debt consolidation, paying off credit cards
Overview
SoFi stands out for offering no-fee personal loans with competitive rates, high loan amounts, long loan terms, discounts for autopay and direct pay, and funding as soon as the same day. Plus, SoFi prioritizes convenience for existing and potential customers with features like live chat and an easy prequalification process that doesn't require your Social Security number.
The main catch is that you need to qualify for a loan with SoFi, which can be hard to do if you don't have good credit. You also won't be able to apply with a cosigner, since SoFi doesn't accept cosigners; nor does it offer secured personal loans.
Fees
Option to pay an origination fee in exchange for a lower rate
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Overview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 9.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Eligibility
Available in all states except DC, IA, VT, and WV
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Overview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Fees
Origination fee, late fee, dishonored payment fee
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Overview
It’s worth considering a personal loan through Splash if you have good credit (ideally, a FICO score above 700). The platform offers loans from a wide range of lenders, and next-day funding is available. Plus, Splash has a live chat feature so you can get real-time answers without having to wait on hold or for an email. Loans are available up to $100,000 if you apply via Splash’s website.
Rates are competitive, but borrowers with excellent credit may find lower APRs elsewhere. If you need a repayment term longer than five years, you’ll need to look elsewhere as well.
Loan amount
$5,000 - $100,000 (up to $35,000 on Credible)
Eligibility
Available in all states except VT. OH and NM net disbursed amount must be greater than $5,000. MA must be greater than $6,000
Time to get funds
Same day available, typically 1-3 days
Loan uses
Debt consolidation, home improvement, medical expenses, major purchases
Overview
Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay. Funds are available as soon as the next business day after loan approval.
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Eligibility
A U.S. citizen or permanent resident; not available in DC, IA, SC, WV
Time to get funds
As soon as 1 business day after acceptance
Loan uses
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Overview
BHG Financial stands out for offering the largest loan amounts — up to $200,000 — of any Credible partner lenders. Simply put, if you need an unsecured personal loan over $100,000, there are very few places to look, but BHG is one. You'll have up to 10 years to repay the loan, but you'll need an annual income of at least $100,000 to qualify and a FICO score that's 660 or higher. However, if you have a cosigner that meets these requirements, BHG will consider your application.
Loan amounts start at $20,000, so look elsewhere for small loans. And BHG charges a modest origination fee between 2% and 4%, depending on your financial profile. Loan funds are available within three to 14 days of loan approval. Note that you can't prequalify with BHG.
Fees
Origination fees, late fees
Eligibility
Available in all states except Maryland and Illinois
Loan uses
Debt consolidation, baby (adoption), engagement ring financing, moving (relocation), business, home improvement, special occasion, cosmetic procedures, major purchase, taxes, credit card refinancing, medical expenses, vacation, wedding, other
Overview
Happy Money has been in operation since 2009 (formerly known as Payoff). It's an option for fair-credit borrowers (plus those with better credit), and notably has a relatively low top-end APR. In other words, you could qualify for a lower rate with Happy Money with fair credit, relative to other lenders that offer fair-credit loans. The company does charge an origination fee on some loans, up to 5%, but that's not as high as some other lenders' origination fees.
You should be prepared to wait a few days to get your money, as funding can take three to five days once approved. And loans aren't available in Massachusetts or Nevada. Happy Money has an A+ rating with the BBB and is ideal for debt consolidation and credit card consolidation loans.
Eligibility
Available in all states except MA, MS, NV, and OH
Time to get funds
As soon as 2 - 5 business days after verification
Loan uses
Debt consolidation and credit card consolidation only
Overview
Reach is an option if you have fair credit, especially if you need money fast. According to the company, 90% of Reach personal loans are funded within one day of approval.
It's a good choice for debt consolidation and credit card refinancing, but borrowers with excellent credit may not find the lowest rates with Reach. The company also charges more fees than some of its competitors and doesn't offer direct pay or autopay discounts. If you need a 7-year term loan, you'll need to look elsewhere. Reach personal loans are not available in all states.
Fees
Origination Fee, $15 Late Fee, $25 NSF Fee
Eligibility
Available in all states except CO, CT, ME, NV, NH, TN, VT, WV, WY, and all U.S. Territories
Time to get funds
Funds typically deposited into your account in 1 business day13
Loan uses
Debt consolidation, credit card refinancing
Overview
OneMain Financial has multiple options for bad-credit personal loans. There is no minimum credit score required (if you apply directly with OneMain), which means you could get a loan with bad credit (FICO below 580). Plus, cosigners are allowed — a cosigner is someone (ideally, with good credit) who promises to repay the loan if you can't, which can make it easier to qualify or lower your rate. And, secured personal loans are available. You secure a loan with collateral, which may also help you qualify or lower your rate.
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given.
Fees
Origination fee, unsuccessful payment fee, late fee
Eligibility
Must have photo I.D. issued by U.S. federal, state or local government
Time to get funds
As soon as 1 to 2 days after acceptance
Loan use
All except business, and education
Fox Business does not make or arrange loans.
Credit card consolidation loans come in several different forms, including personal loans and home equity loans. Since personal loans are available regardless of your home equity, they make up the “best” list we've compiled below. Plus, personal loans can be used to pay off credit cards within days of applying for one — the same day, in some cases.
To find a personal loan with a lower rate than the debts you’re aiming to pay off, focus on annual percentage rates (APRs) — the APR includes a loan’s interest rate and any upfront fees, making it a good way to compare options. Also take into consideration each lender’s available loan amounts, repayment terms, fees, and reputation.
Loan Amount
$5000 to $100000
Min. Credit Score
Does not disclose
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No fees required
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Large loan amounts available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Autopay and direct pay discounts
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Same day funding
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Long loan terms available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Good credit required
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
5,000 minimum loan amount
Overview
SoFi stands out for offering no-fee personal loans with competitive rates, high loan amounts, long loan terms, discounts for autopay and direct pay, and funding as soon as the same day. Plus, SoFi prioritizes convenience for existing and potential customers with features like live chat and an easy prequalification process that doesn't require your Social Security number.
The main catch is that you need to qualify for a loan with SoFi, which can be hard to do if you don't have good credit. You also won't be able to apply with a cosigner, since SoFi doesn't accept cosigners; nor does it offer secured personal loans.
Fees
Option to pay an origination fee in exchange for a lower rate
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Best credit union for personal loans
Loan Amount
$600 to $50000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No origination fee
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Allows cosigners
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Small loan amounts available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
May fund in 1 to 2 business days
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Good credit required
Overview
PenFed is a credit union that offers personal loans to applicants with good credit. Though you'll need to become a member to receive a loan, membership is open to everyone. PenFed shines with no origination fees, small available loan amounts, and low interest rates. If you don't have a FICO score above 700, you may not qualify on your own, but can apply with a cosigner with good credit — which is not something most lenders offer.
PenFed doesn't have a minimum income amount, and offers live chat and an entirely online loan application process.
Fees
Unsuccessful payment fee, late fee
Time to get funds
Typically 1 to 2 business days after verification
Loan uses
Debt consolidation, home improvement, credit card refinancing
Loan Amount
$1000 to $50000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Fair credit borrowers eligible
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Autopay and direct pay discounts
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Can fund in as little as 1 business day
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Mobile app
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Secured loans available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
High maximum origination fee
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Cosigners not accepted on home improvement loans
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Low J.D. Power ranking
Overview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Best for no origination fees (and low rates)
Loan Amount
$2500 to $40000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum APR
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
May fund the next business day
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Long loan terms available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Direct pay to creditors
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No origination fee
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts offered
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Secured loans not available
Overview
Discover Personal Loans offers low APRs, repayment terms up to seven years, no origination fees, nationwide availability, and doesn't require your Social Security number to prequalify on its site. You'll need to have an annual income of at least $40,000, and a FICO score 660 or higher, to be eligible. If your credit score is fair or poor, you'll need to go elsewhere, as Discover doesn't allow cosigners.
Funds are available as soon as the next business day after loan approval.
Eligibility
Available in all 50 states
Time to get funds
Funds can be sent as soon as the next business day after acceptance
Loan uses
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Best for High Close Rates if Pre-approved
Loan Amount
$2000 to $50000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Secured loans available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum income requirement
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Scored second in J.D. Power's Consumer Lending Satisfaction Study
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Funds in 1-3 business days
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
High close rate on loans through Credible platform
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fees
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in DC, IA, VT, or WV
Overview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 9.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Eligibility
Available in all states except DC, IA, VT, and WV
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Loan Amount
$1000 to $40000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Mobile app
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum income requirement
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
High close rate on loans made through Credible
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Available in all states
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fee
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Funding not as fast as some competitors
Overview
LendingClub is a solid lender for good credit borrowers and some fair credit borrowers that apply directly on its website. It's easy to prequalify with LendingClub, especially if you're uncomfortable providing your Social Security number, as the company doesn't require it at the prequalification stage. (You will need to provide it if you move forward with a full application.)
While prequalification is not a guarantee that you'll be approved for a loan, LendingClub does a better job than most other Credible partner lenders at approving applicants that have successfully prequalified. In other words, you're less likely to have your application declined once you apply (if you've already prequalified). LendingClub may charge an origination fee between 3% and 8%.
Eligibility
Available in all 50 states
Loan uses
Debt consolidation, paying off credit cards
Best for large personal loans
Loan Amount
$20000 to $200000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Eligible applicants can borrow up to $200,000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Considers borrowers with fair credit
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Long repayment terms
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Cosigners allowed
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in MD or IL
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Minimum annual income requirement of $100,000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Funding takes at least five days
Overview
BHG Financial stands out for offering the largest loan amounts — up to $200,000 — of any Credible partner lenders. Simply put, if you need an unsecured personal loan over $100,000, there are very few places to look, but BHG is one. You'll have up to 10 years to repay the loan, but you'll need an annual income of at least $100,000 to qualify and a FICO score that's 660 or higher. However, if you have a cosigner that meets these requirements, BHG will consider your application.
Loan amounts start at $20,000, so look elsewhere for small loans. And BHG charges a modest origination fee between 2% and 4%, depending on your financial profile. Loan funds are available within three to 14 days of loan approval. Note that you can't prequalify with BHG.
Fees
Origination fees, late fees
Eligibility
Available in all states except Maryland and Illinois
Loan uses
Debt consolidation, baby (adoption), engagement ring financing, moving (relocation), business, home improvement, special occasion, cosmetic procedures, major purchase, taxes, credit card refinancing, medical expenses, vacation, wedding, other
Best for consolidating credit card debt
Loan Amount
$5000 to $40000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Mobile app
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Live chat
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low maximum APR
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Limited loan terms available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fees
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in MA or NV
Overview
Happy Money has been in operation since 2009 (formerly known as Payoff). It's an option for fair-credit borrowers (plus those with better credit), and notably has a relatively low top-end APR. In other words, you could qualify for a lower rate with Happy Money with fair credit, relative to other lenders that offer fair-credit loans. The company does charge an origination fee on some loans, up to 5%, but that's not as high as some other lenders' origination fees.
You should be prepared to wait a few days to get your money, as funding can take three to five days once approved. And loans aren't available in Massachusetts or Nevada. Happy Money has an A+ rating with the BBB and is ideal for debt consolidation and credit card consolidation loans.
Eligibility
Available in all states except MA, MS, NV, and OH
Time to get funds
As soon as 2 - 5 business days after verification
Loan uses
Debt consolidation and credit card consolidation only
Qualifying for a loan is more challenging when you have bad credit. Lenders generally have a minimum credit score needed to qualify for a loan — a FICO score of 670 or higher is often preferred — and marks on your credit report that can lead to a bad score, such as late or missed payments, can be a red flag to lenders.
The good news is there are several lenders that offer bad-credit consolidation loans. You can learn about them below.
Related: How can I get out of debt with bad credit?
Best debt consolidation loans for bad credit
Loan Amount
$1000 to $50000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Borrowers with bad credit considered
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No minimum income requirement
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Autopay and direct pay discounts available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Can fund in one business day
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
High APRs
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Potentially high origination fees
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in Iowa
Overview
Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay. Funds are available as soon as the next business day after loan approval.
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Eligibility
A U.S. citizen or permanent resident; not available in DC, IA, SC, WV
Time to get funds
As soon as 1 business day after acceptance
Loan uses
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Best bad credit personal loans
Loan Amount
$1500 to $20000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Flexible eligibility requirements
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Offers secured options
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Competitive bad-credit loans
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Physical presence
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Availability
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fees
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
High starting APR
Overview
OneMain Financial has multiple options for bad-credit personal loans. There is no minimum credit score required (if you apply directly with OneMain), which means you could get a loan with bad credit (FICO below 580). Plus, cosigners are allowed — a cosigner is someone (ideally, with good credit) who promises to repay the loan if you can't, which can make it easier to qualify or lower your rate. And, secured personal loans are available. You secure a loan with collateral, which may also help you qualify or lower your rate.
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given.
Fees
Origination fee, unsuccessful payment fee, late fee
Eligibility
Must have photo I.D. issued by U.S. federal, state or local government
Time to get funds
As soon as 1 to 2 days after acceptance
Loan use
All except business, and education
Best fast personal loans for all credit types
Loan Amount
$1000 to $50000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
May fund in 1 business day
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No minimum credit score requirement on lender site
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum APR
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Trustpilot score of 4.9/5 stars
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
May charge a high origination fee
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts offered
Overview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
Best for all credit types
Loan Amount
$2000 to $35000
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Borrowers with bad credit considered
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Funds as soon as the next business day
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
2-year loan terms available
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts offered
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fee
![](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in HI, IA, MA, ME, NY, VT, or WV
Overview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Fees
Origination fee, late fee, dishonored payment fee
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
We evaluated the best personal loan lenders for credit card consolidation based on factors such as customer experience, minimum fixed rate, maximum loan amount, funding time, loan terms, fees, discounts, and whether cosigners are accepted. Our team of experts gathered information from each lender’s website, customer service department, directly from our partners, and via email support. Each data point was verified by a third party to make sure it was accurate and up to date.
Read our full lender rating methodology for more information.
Credit card consolidation is the process of combining one or more credit card balances into one debt with one monthly payment. Credit card consolidation often comes in the form of an installment loan with a fixed interest rate and predictable payments, such as a personal loan or home equity loan. But it can also be achieved via a balance transfer credit card or home equity line of credit.
Credit card consolidation has several key benefits, including a chance to lower your rate or monthly payments, and cut down the time it takes to pay off your debt. It could also lead to an improved credit score, if handled responsibly.
Check out: Best debt consolidation loan rates
When going through credit card consolidation, you first take out a new loan — this is often a personal loan, but it could also be a home equity loan or a balance transfer to another credit card. Next, you use the funds to pay off your credit card debt.
Consolidating credit card debt can be beneficial for a number of reasons. Credit card interest rates are higher on average than personal loan rates — more than 50% higher in the second quarter of 2023, according to data from the Federal Reserve. The interest on credit cards also compounds, unlike on personal loans. This means that the interest owed on your cards is assessed interest itself, until you pay it off. If you pay off your balance in full each month, you don’t have to worry about compound interest — but if you don’t pay off your balance monthly, you do.
With predictable monthly payments, the chance for a lower rate, and simple interest, an installment loan, such as a personal loan, could make it easier to pay down your debt.
If you’re using a personal loan to consolidate credit card debt, you can get approved for your loan and receive the funds relatively quickly. Here’s how to get started:
- Add up your debt balances: Before you can apply for a debt consolidation loan, you need to know just how much you’re consolidating. Start by adding up the total balance on all of your credit cards, as well as any other debt you hope to consolidate with the loan.
- Check your credit score: Each lender has its own credit score requirements, and you’ll have a better idea of which lenders could be a good fit if you know your score. Additionally, your score can give you an idea of the kind of rate you should expect.
- Shop around: Once you know your credit score and how much you need to borrow, start shopping around for loans. Narrow down your list to those that offer the right loan amounts and repayment terms.
- Prequalify: Many lenders allow you to prequalify for a personal loan. This gives you an estimation of the amounts, rates, and terms you may be eligible for, without having to undergo a hard credit inquiry (meaning it won’t affect your score). Prequalification isn’t an offer of credit, however, and your final rate may differ. When you proceed to apply for a loan, the lender will perform a hard credit pull, which can lower your score by a few points temporarily.
- Apply for your loan: Once you’ve prequalified with multiple lenders, you should have a better idea of which is the best choice. You can then complete the application, which should only take a few minutes. Depending on your credit profile and other qualifications, you may receive a decision quickly, or the lender might need a few days to review your application.
- Receive your funds: If you are approved, you could receive your loan funds as quickly as the same business day, or within a few days. Loan funds are generally deposited into your bank account, but some lenders offer to send the funds directly to your creditors — and may even offer you a rate discount for doing so.
Check out: Best fast personal loans
Best if you don't have sufficient home equity, don't want to use your home as collateral, or want a quick way to consolidate debt.
A personal loan is a type of installment loan you can use to pay off one or more credit card balances. Instead of a variable rate that can change with market conditions, you generally get a fixed-rate loan, with a fixed monthly payment. The amount you can borrow with a personal loan depends on your credit, income, and current debt. But most lenders offer loans up to $50,000. Some offer loans up to $100,000 or more. Repayment terms are available up to seven years for debt consolidation (longer terms may be available for different loan purposes, like home improvements).
Since personal loans are often unsecured, rates tend to be higher relative to home equity loans. However, they're a good option if you don't have a home, don't have sufficient home equity, or would prefer not to put your home up as collateral. Plus, personal loans can fund within days of your application, whereas home equity loans take weeks.
The average APR on a two-year personal loan was 12.49%, according. to the Fed, which is over nine percentage points lower than the average credit card APR.
Best if you have sufficient home equity, are comfortable securing debt with your home, and can wait a month or more to close.
A home equity loan is an installment loan, just like a personal loan. It has a fixed interest rate, fixed monthly payment, and fixed repayment term. Repayment terms are available up to 30 years, which could create a low monthly payment but you could end up paying far more in interest relative to a shorter term.
Where a home equity loan differs from a personal loan is that, while a personal loan is usually unsecured, a home equity loan is secured by your home. In other words, when you apply, you must pledge your home as collateral. And, the amount you can borrow will be limited by your home’s equity. You generally can’t borrow more than 80% of your home’s equity, though this can vary.
For example, suppose you have a home worth $300,000 and a mortgage balance of $200,000. If your lender allows you to borrow up to 80% of your home’s equity, you could get a loan of no more than $40,000.
A key benefit of home equity loans is that, because they’re secured by a major asset, they often have lower rates than both personal loans and credit cards. However, because you’re using your home as collateral, you risk losing it if you can’t make your monthly payments.
Best if you can repay the amount transferred within the promotional period.
Another way to consolidate high-interest credit card debt is to transfer those balances to another credit card with a low or 0% balance transfer APR. You might find such an offer on a card you already own, or you may need to apply for a new card with a 0% APR balance transfer offer. Note that you'll typically need good credit to qualify for a new card.
Transferring your balances can be a good approach if you're able to pay them in full before the promotional APR expires — the longest 0% promotional period we found is 21 months, though lenders have offered 0% rates for two years on past promotions. At this point, the APR will adjust to the standard rate.
If you use a 0% balance transfer offer, don't think of it as a break from making payments. If you do, you could find yourself in an even worse position once the rate adjusts. Bear in mind that balance transfers aren't free. You'll usually be charged a balance transfer fee between 3% and 5%, which will be added to the amount you owe.
Learn more: Ways to consolidate credit card debt
Pros and cons of credit card consolidation
Whether consolidating credit card debt works to your advantage depends on a number of factors, including what you can qualify for, what your current interest rates are, and how well you can manage the new loan. For instance, if you consolidate credit card debt with a personal loan, but run up your balances again, you could make your situation worse.
![icon](data:image/png;base64,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)
Pros
- Lower interest rate
- Lower monthly payments
- Single monthly payment
- Fixed interest rate (on some debt consolidation loans)
- Reduce credit utilization (quick credit score boost)
![icon](data:image/png;base64,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)
Cons
- Good credit needed to qualify for lower rates
- Hard credit inquiry on a new loan application
- Origination fees or closing costs may apply
- Temptation to run up balances on credit cards
As long as you or your credit card issuer haven’t closed your account, you can use your card after debt consolidation. That doesn’t necessarily mean you should. If you find you struggle to control your spending, it may be best to avoid credit cards. If you feel comfortable using the card and paying it off in full each month, then continue to use it.
There’s not necessarily a credit card consolidation company that’s best for everyone. Instead, the lender and type of loan that’s best for you will depend on your type of debt, balance, current interest rates, credit score, and the amount you can afford to pay toward debt each month.
Credit card refinancing and debt consolidation both involve using a loan to repay your credit card debt. Essentially, the difference is that consolidation often refers to combining multiple debts into one, rather than just changing the terms of a single debt.
Related Articles:
Meet the contributor:
Erin Gobler
Erin Gobler is a freelance personal finance writer with more than eight years of experience writing online. She’s passionate about making the financial services industry more accessible by breaking down complicated financial topics in simple terms.