Maybe you grew up in some comfortably middle class home and you think that you have to have nearly perfect credit to get a loan at all. Fear not, you absolutely can find personal loans for fair credit.
What are Personal Loans for Fair Credit?
Fair credit falls between bad credit and good credit. It’s actually pretty common to have such a score. It’s sort of like being a B student instead of an A student.
The world has changed. Unlike previous generations, we currently face challenges in finding permanent, full-time employment with good benefits. So it’s really quite common to find people taking out personal loans with fair credit.
This is just not that big of a deal. It’s nothing you should lose sleep over.
You don’t even need to look for special products designed for people in distressed situations, such as emergency loans with bad credit. You will qualify for most normal loan products.
For your convenience, you may even want to look into flex loans. They are sort of “the poor man’s credit card.” You get a pre-approved loan amount that you can use again and again at will for cash flow management.
How Do I Apply for Personal Loans for Fair Credit?
Personal loans are also called signature loans. In other words, there is no collateral involved. You sign for them and give your word that you will pay it back, so they are fairly easy to access.
You will need to provide a copy of your ID. This helps show you are a legal adult and you are a citizen of the US or legal resident. You probably have one of the following in your wallet right now:
- Driver’s license.
- State issued ID card.
- Tribal ID card.
- Military ID card.
You will also need to pull up a recent pay stub or other proof of income. When applying for online loans, it’s common to download a PDF of a recent bank statement.
Of Course, You Should Borrow Responsibly!
If you are young and inexperienced, you may be tempted to get all the money you can just because you can. After all, personal loans for fair credit aren’t that hard to get. So you may be thinking to yourself “Party time!”
Yeah, no. Don’t do that.
It’s fine to borrow when you have a real need to cover a cash crunch, minor emergency or other necessity. But don’t treat loans like fun money.
Check Now For Personal Loans for Fair Credit.
TheGuaranteedLoans is a loan matching service. We do the legwork to find loan products so you don’t have to do so.
You fill out just one application and we check your information against our database of lenders and loan products. When we find a match, we let the lender know.