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What are the best personal loans for a 650 credit score?

The best personal loans for a 650 credit score are from Prosper, Payoff and Best Egg. The minimum credit score required by these lenders is either equal to or lower than 650, which is in the fair credit range. Most personal loans require a score of at least 660 for approval, so having a 650 credit score constrains your options.

Is 650 a good credit score?

However, you should expect to pay higher interest rates. Ultimately, borrowers with a 650 credit score are at a turning point. It’s just as easy for your credit score to go up and enter the “good” range as it is for your credit to go down and enter the “poor” zone.

What is a good credit score for a personal loan?

Moving a fair score into the good credit range (generally 690 to 719) gets you access to a wider range of personal loan options and often lower rates. Qualified borrowers may get the most affordable loans from federal credit unions because they cap APRs at 18%. Here are average personal loan rates by credit score:

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