Question by  HealthMonkey (22)

Can I get a personal loan with a credit score of 584?


Answer by  adawg (247)

You are unlikely to receive a personal loan with a credit score that low. If you are able to secure one, it will be at a very high interest rate.


Answer by  drJ (841)

It will be difficult, but not impossible. Try a local bank or credit union instead of a national bank, and offer to secure the loan with something of value.


Answer by  Jamie87 (15)

Yes you can! In fact, most people with credit scores above 400 can get personal loans. My credit score is 515 and I was approved.

posted by Anonymous
any suggestions as to what companies I may be approved by?  add a comment

Answer by  John (9008)

I credit score of 584 is very low. The only loan that you will be able to get will have to be secured by property or have a cosigner. You can also expect to have to pay a very high interest rate.


Answer by  Dean (4035)

Lenders determine the criteria for borrowers. Smaller lenders, like credit unions, might extend borrowing privileges to customers with less-than-perfect credit scores if other criteria is met. But each case is different, so inquire of the lender.


Answer by  Liz59 (10966)

Yes you can get a personal loan but the size of your loan won't be too vast due to your credit score. You should talk to a financial advisor for more information.


Answer by  brian7754 (243)

You can, but you'll probably pay high interest. Best bet would be to join a credit union. If that's not possible, go to a finance company like American General.


Answer by  technogeek (6640)

Though your score is fairly low, there are companies that will approve you, often times with collateral. Your interest rates will be high, but you should be able to, with a little leg work, find someone who will approve you.


Answer by  sherif (9)

Yes, you may. Credit score is not everything to determine your eligibility. It will all depend on your credit history, income, and outstanding amount of credit.


Answer by  JRossi17 (788)

More then likely no. The average credit score needed to get a signature loan is a credit score of at least a 700. If you go to a credit union and put up something for collateral, such as a car, you may get lucky but with that credit score probably not.


Answer by  Hasan72 (572)

You might get a personal load with a low credit score of 584 but you have to pay high interests if your load is approved. Joining a credit union or taking financial advisory services can help with getting a personal loan.


Answer by  hecarlso (196)

You should be able to but it all depends on how much you are asking for and your employement history and the amount of debt that you currently have. Credit unions are usually the most flexable.

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