There are a few lenders that actually cater to applicants with lower credit scores in the fair/average range (669 and below for the FICO® Score model, and 660 and below for the VantageScore® model) to help them borrow money for emergency expenses, a medical bill, debt consolidation and other financing needs.
Below, CNBC Select rounded up five of the best personal loan lenders that still accept applicants who have credit scores below 670. We looked at fees, interest rates and flexible repayment options for different credit scores. (You can read more about our methodology below.)
Remember that if you are applying for loans — or any line of credit — with a lower credit score, you are likely to receive higher interest rates because…