Reported 1 day ago
If you have bad credit, you can still obtain a personal loan, but lenders usually limit the amount you can borrow. According to recent data, borrowers with FICO scores below 600 average around $1,700, while those with scores between 601 and 660 average around $3,900. Factors influencing loan amounts include credit score, debt-to-income ratio, and the presence of a cosigner. It's critical to shop around for the best rates and explore lenders that specialize in bad-credit loans to maximize your chances of approval and secure better loan terms.
Source: YAHOO