Best Personal Loans For Fair Credit 600, 620, 650+ Credit Score

» MORE: Read our side-by-side Comparison of Upgrade vs Prosper

Prosper: Founded in 2005 as the United States’ first peer-to-peer lending marketplace, Prosper has since helped more than 840,000 people secure more than $13 billion in personal loans.  Prosper matches borrowers with lenders to facilitate fixed-rate loans ranging from $2,000 to $40,000 fixed-rate. The lender does charge origination fees that vary between 2.41%-5%, and their interest rates start as low as 6.95% but can balloon up to 35.99% for high-risk borrowers.

Upgrade: Headquartered in San Francisco and founded in 2016, Upgrade helps borrowers with greater needs by offering loans in amounts from $1,000 to all the way up to $35,000. Interest rates on Upgrade loans range from 7.99% to 35.97%, and all loans require origination fees that can be as low as 2.9% or as great as 8%. There are no pre-payment fees with Upgrade, however, and approve borrowers can receive funds in as quickly as one business day.

LendingPoint: Based in Atlanta, LendingPoint distinguishes itself from other institutions in this space by specializing in making fair credit score loans a reality for people who’ve neglected their finances in the past. LendingPoint positions itself as an advocate for borrowers with flawed credit reports and issues loans ranging from $2,000 to $25,000. APRs with LendingPoint range from 15.49% to 35.99%, and while some applicants may qualify for a 0% origination fee, others could pay up to 6%.

Personal Loans for Debt Consolidation

While many borrowers may seek loans that allow them to make large purchases, other applicants are more interested in paying for things they already own. If you’ve run up your credit cards in the past and are now looking for an easy — and affordable — way to pay down your debt, a consolidation loan could be just what you’re looking for.

Here are two lenders that specialize in providing such loans.