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What is the best bad credit loan?

Upstart’s minimum credit requirements helped it earn Bankrate’s best bad credit loan award. The lender considers borrowers with little or no credit history for approval. It uses proprietary software that evaluates applicants using more than just credit scores.

What is the minimum loan amount for bad credit?

Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000). The best installment loans for bad credit are from Achieve Personal Loans because it offers large loan amounts – up to $50,000 – and long repayment periods.

What is a bad credit Personal Loan?

A bad credit personal loan is for borrowers with low credit scores (from about 550 to 640) or thin credit histories. Bad credit loan amounts range from about $1,000 to $50,000 and annual percentage rates are capped at 36%.

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