Personal Loans for Good Credit Borrowers in 2019

Personal Loans for Good Credit Borrowers in 2019
Rebecca Hosley
on March 20, 2020
Read in 1 min

If you need money for home repairs, a wedding, or to consolidate high-interest credit cards, an unsecured personal loan could be an option. While there are plenty of companies willing to lend money, online lenders are a choice for many borrowers to consider. Not only does it allow consumers to start the process from the comfort of their own home, but it’s much easier to compare options.

People with excellent credit scores of 800 or higher may qualify for a wider range of options, but there are still plenty of choices for people with a good credit score, which is typically between 600 and 740.

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Personal Loans for People with Good Credit

One way to prepare yourself for exploring personal loan options is to research as many potential lenders as possible. This may involve enders doing what’s known as a soft credit pull, which doesn’t affect your credit score.

There are multiple online lenders that work with people with good credit. An online option might be worth considering if you’re trying to avoid some of the hassle that comes with using a traditional bank.

For one, you can start the process from the comfort of your own home when you request a loan online. Plus, you could connect with a lender via a single form as opposed to filling out stacks of paperwork at a bank.

Requesting a loan online can be faster than using a traditional bank. And if you are approved, you might even get your funds within just a few days.

Fortunately, if you have a good credit score, you may be able to get a loan with favorable terms. Lenders are more willing to work with borrowers that have good credit, so you should have no shortage of options available to you if you decide to shop around.

There are plenty of personal loan options for people with good credit, even if you have struggled in the past. In some cases, the loan might offer more competitive terms than a credit card, which can help you save on interest – and pay down debt more quickly.

Disclaimer: This is not legal or financial advice. Please consult a legal or financial advisor for your specific situation.

Need Cash? Get a Personal Loan Today

$5,000
I want to borrow
$1,000
$35,000
Rebecca Hosley Finance Journalist

Rebecca Hosley is a content writer based in Chicago.

She frequently writes about small business, insurance and finance.

In her free time, she enjoys trivia, craft beer and disc golf.
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