How to Find The Best Personal Loans for Good Credit in 2019

Best Personal Loans for Good Credit 2019

This article explains how to find the best personal loans for good credit in 2019.

When you have done a good job managing your money and have a high credit score, you are rewarded by low interest rates on personal loans.

There are a lot of good lenders out there and we will discuss the biggest and best by type to get started.

When you have high interest credit card debt, you may be asking for a debt consolidation loan. If your house needs to be repaired or remodeled you review home improvement loans. Personal loans for good credit can take care of these debt obligations or projects. They do this by providing a low rate fixed payment loan that can be paid off over time.

Personal Loans for Good Credit

Below we list a few of the best options for personal loans.

1. Lending Networks

A lending network is a lending platform where you fill out one easy form and multiple lenders will review the information and provide a rate quote.

These lenders can be banks, peer-to-peer lenders or other lenders in their network that issue personal loans.

This lending network helps you find lenders that match your credit score and situation. The competition between lenders can help you get the best rate and terms.

A lending network that we recommend is

Visit their website to get personal loans up to $35,000.

2. Peer-to-Peer Personal Loans

A second option is to apply online for a peer-to-peer loan. This has become very popular in recent years as a way individual investors can fund a personal loan for borrowers.

The way it works is you fill out one simple form that you submit it to their lending platform.

You will then get a rate quote and terms for your loan. Once you review it and accept the terms, the loan funding process will start.

Multiple individual investors will fund the loan request. Once it is 100% funded, you will e-sign the final paperwork online.

The peer-to-peer personal loan will then be direct deposited into the account you provide.

It is really a cool process that is easy and quick and can be completed 100% online.

We recommend the largest of the peer-to-peer lenders. You can visit their website at – Low Rates on Personal Loans from $1,000- $40,000

3. Personal Loans for a Low or Bad Credit Score

When you have a lower credit score or bad credit it can be more difficult to find sources for personal loans.

One option is to visit

Can I Get a Personal Loan With a 700 Credit Score?

All the options above should be OK if you have a 700 credit score.

Below are a few requirements to make it easier for you when applying online. Just make a note that just because you meet these requirements it does not mean that you will be connected to a lender. It is more educational information for you to understand basic requirements.

Age Requirements to Get a Personal Loan

You need to be 18 years of age or older to be eligible for personal loans. Make sure you have a valid Social Security number. Also you need to be a legal U.S. citizen or permanent resident.

Income Requirements to Get a Personal Loan

Make sure you have some type of income verification in case it is requested. Showing a steady income is important. This can mean full time or self employment. You can also show that you get steady income from social security or even disability. Most lenders just want to make sure you will have the ability to pay the personal loan back over the term of the loan.

Bank Account for Direct Deposit

Once your lender has approved your loan it will direct deposit the funds into your checking account. So make sure you have a valid checking account open when applying for a personal loan.

Credit Score

A good or excellent credit score will get you much better rates and terms on a personal loan. A peer-to-peer lender such as lending club is geared more towards a person who has good credit. The options listed above are really for all types of credit.

The main thing you will want to demonstrate is not only a good credit score, but that you are responsible with your credit. Make sure you are not late on any payments and that you show a steady history of on time payments.

If you want to find the best personal loans for good credit in 2019, these options should help you achieve your goal.

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