Compare lenders that work with credit scores from 550. Check your rate without affecting your credit.
Soft-pull prequalification for lower credit profiles.
Most approved loans fund in one to three business days.
Predictable monthly payments for the life of the loan.
Upfront pricing on origination, APR, and total cost.
Lendmate Capital accepts applicants with scores as low as 550 and checks your rate with a soft pull -- no impact to your credit.
Check My Rate →Soft credit check. Won't affect your credit score.
FICO scores below 580 are considered poor, and scores between 580 and 669 are fair. Lenders set their own cutoffs, so a score that feels "bad" to one lender may qualify with another. What matters more than the label is the combination of your score, income, debt-to-income ratio, and employment history. Many specialty lenders approve borrowers in the 550 to 650 range if the other factors are strong.
Rates for bad-credit personal loans typically range from 18% to 36% APR, with terms between two and five years. Loan amounts usually fall between $1,000 and $15,000 for lower credit profiles. Always compare APR rather than rate alone, since APR includes origination fees. Paying a loan off early is often penalty-free but confirm in writing before signing.
Apply with stable employment, keep debt-to-income below 45%, and avoid multiple hard inquiries in a short window. Pre-qualifying with a soft check first lets you rule out lenders who would deny you before you formally apply. Adding a co-signer with stronger credit can unlock lower rates if your individual profile falls short.