My credit score is about 520. I am in need of a personal loan for $1200. Where should I go.?

Question

I really messed up my credit when i was younger but really need this loan. I do not want to here with that credit score the last thing i need is more credit.

Answer 1

A personal loan is "personal." Ask a friend or family member.

Answer 2

That's tough because personal loans are not secured against an asset, so your credit score is THE key factor in the decision to provide you $. With your credit score, will be tough to near impossible to get the loan (I work in the industry and know first-hand how tough this will be).

Suggest instead to get a loan against some asset - like a car or house if you own one. That will lower the interest rate considerably and increase odds of getting the loan 100x. Other than that, suggest you ask a relative. Good luck!

Answer 3

520 is considered a low credit score. You will not be able to get an unsecured loan for that amount from anyone. Try a relative, or a co-signer with a better credit score.

The FICO score range is 300 to 850.

Answer 4

American General (www.loansfast.com) worked wtih several people I know who had low credit. They do charge 18-20% with poor credit though....but its a 3 year loan, so generally still very affordable.

Answer 5

probably nowhere. unless you have some applicable collateral like a car or something of value, don't think you'll get the loan you need. you can put a post on prosper.com and see if you have any bids but other than that, no bank will really touch you.

Answer 6

Go to someone who can convince you that you can live without $1200 loan.

Answer 7

To work ???

Answer 8

Check out, please