Personal loan?
laurarose1785 asked:
I am trying to get a personal loan, which is proving to be harder then getting a car loan. which I paid off with no problems last year. my credit score is 578 mostly because i’m young and havent really bult up much credit. everywere I go they tell me I have to have atleast a 620 for a loan is this true? is there anyone out there who will give a loan for someone lower then that?
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I am trying to get a personal loan, which is proving to be harder then getting a car loan. which I paid off with no problems last year. my credit score is 578 mostly because i’m young and havent really bult up much credit. everywere I go they tell me I have to have atleast a 620 for a loan is this true? is there anyone out there who will give a loan for someone lower then that?
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Tags: Car Loan, Credit Score, Personal Loan
March 6th, 2009 at 9:18 pm
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Hello, basically, a 578 credit score tells potential lenders that you are not credit worthy or if you are, you’ll get hit with a crazy high interest rate.
I suggest going to and apply for a loan there. I swear i’m NOT spamming… but prosper.com is a community of just regular folks who bid on giving you a loan. They each bid a small piece of it. So, if you’re asking for a 5K loan, you could theoretically have 100 50dollar biddders and you make a loan payment just to prosper and they dispurse the funds appropriately. Chances are, if you state a good case, you’ll get funded and there will be no banks to worry about.