Reviewing Online Lending Options For Those With Poor Credit Histories

If you are looking for a personal loan, but your credit rating is Poor, say from 600 to a 650 FICO score, you may have had a hard time finding a lender willing to work with you. If this has been your dilemma, how and where to find a lender who will be willing to look past your credit mistakes with open judgement, I have a list of lenders I have not yet featured on this website. While each of these lenders does indeed lend to people with poor credit, there is no guarantee these lenders will 100% with certainty lend to you. The reason is that many lenders today look at other factors other than simply your FICO score, this is especially true for lenders who have their own in house scoring systems which place heavier weight on some factors than a traditional credit score. That being said you do stand a good chance to secure a loan with one of these lenders if you have less than perfect credit.

If you are a recent college grad, and this is why your credit score is not the greatest, Upstart may be just the lender you need. They focus on lending to young adults and recent college grads. This lender looks beyond traditional credit scores, weighing such factors as education, career, job history, and standardized test scores when deciding on whether or not to make a loan or not. What this boils down to is that this lender is somewhat more lenient when it comes to credit scores, requiring only a 640 credit score to apply. You can borrow up to $35,000 with terms of 36 months. The APR range starts as low as 4.67% and goes as high as 29.99% which is as high as some credit cards are for people with poor credit. The down side is you could face a loan origination fee as high as 6% with this lender, so I would choose this lender last, and only as a last resort.

Best Egg

This lender also only requires a credit score of 640, which is at the upper end of poor credit, a step away from fair credit. They have a maximum loan amount of $35,000, but you can have terms upwards of 60 months. The draw back with this lender is the loan origination fee, which will range from 1% to as high as 5% of the loan amount, which will add to your overall APR. Interest rates can be as high as 29.99% or as low as 5.99% but if you have poor credit do not even hope to get the 5.99% rate. If the rate they offer is 29.99% that will be as high as many credit cards on the market for those with poor credit. The plus side is this lender seems to be pretty open in dealing with those with credit blemishes.

First Star
This lender is actually the online lending branch of Cross River Bank of New Jersey. While the banks name might make it seem like a minor player in the lending industry, they have actually lent out over 40 billion dollars. You can check your interest rate without affecting your credit score, so this lender is at least worth looking into. They also happen to have great customer support and service, and a telephone number where they can be reached, so no need to worry about back and forth endless email support tag. Loan amounts can be as low as $5000 and as high as $35,000 with an APR range of 6.17% to as high as 29.52 percent. This lender also does mortgage loans, should you be in the market to buy a home, but worry about your current credit score.

Of all the lenders on this list, this one is the most lenient when it comes to past credit mistakes. That being said you should expect to pay a high interest rate, in fact it can be as high as 29.99%, although people with good credit can get as low as 7.12 percent APR. Loan terms are for 36 months, with a maximum loan amount of $25,000. This lender to has a loan origination fee, which ranges between 1% to 5%. On the plus side, you can check your rate with this lender without affecting your credit score in the least, so their is no harm in seeing what they offer you, after all you just may well end up surprised.


This lender too works with borrowers with a credit score as low as 600, but their APR is very very high, it starts at 25.99% and goes as high as 35.99%, which higher than most any credit card on the market today. Even when I had poor credit years ago, I only had a 24 percent interest rate. This lender makes its money lending to those with poor credit who have no other avenues to turn to. The only plus side here is that they do not charge an origination fee. Max loan amount is $10,000 and terms of either 36 or 60 months.