Personal Loans for a Credit Score of 550

Lenders use credit scores to measure creditworthiness. A FICO score of 580 or below puts a borrower in the poor credit category, indicating higher risk. However, having a credit score in this range doesn’t mean you’re completely shut out of getting a loan if you need one. 

You have some options if you’re looking for lenders that offer personal loans for a 550 credit score. That’s reassuring to know if you need to borrow money to cover a financial emergency or want to get a small loan to repay so you can rebuild your credit history.