Best Personal Loans for Bad Credit
Getting a personal loan with bad credit might feel like an uphill battle, but it’s far from impossible. Whether you're dealing with an unexpected emergency, trying to consolidate debt, or need extra funds for a big purchase, there are lenders out there who cater specifically to borrowers with less-than-perfect credit. In this blog, we’ll cover the best personal loan options for bad credit , what to look for when comparing offers, how to avoid loan scams , and tips to boost your chances of approval — all without falling into a financial trap. What Is Considered Bad Credit? Before diving into lender options, it’s important to understand what “bad credit” means. Generally, credit scores are categorized as follows: Excellent: 750 and above Good: 700–749 Fair: 640–699 Poor/Bad: Below 640 If your score is under 640, you’re typically considered a subprime borrower, meaning traditional banks may decline your application. However, many online lenders and credit unions spe...