Personal Loans for Low-Income Borrowers: Options and Advice

Reported 2 days ago

Applying for personal loans with a low income can be challenging, but options exist, especially for smaller amounts and with a cosigner. Lenders such as Happy Money, Prosper, Universal Credit, Upgrade, and Upstart offer loans with low minimum income requirements. Before applying, ensure you can afford the payments to avoid credit score damage. Alternatives to personal loans include secured loans and credit cards, but these often come with risks and higher interest rates.

Source: YAHOO

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