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5 Best Loan Options for a Personal Loan 660 Credit Score

Writer and editor - Lauren Ward | Updated on 2019-12-11

If you have a credit score of 660, you are in a solid overall financial shape. Creditors will see you as reliable when it comes to meeting your debt obligations and consider you a low risk for delinquency.

Multiple lenders

The way you borrow matters. If you want to get the most out of your personal loan with a 660 credit score, try borrowing from multiple lenders to split the balance owed if you have a larger debt. This strategy will increase your approval odds. It will also give you the resources to secure a more substantial amount of money.

Be sure to do your research before reaching out to lenders. There are multiple types of loans and lenders, so familiarize yourself with the strengths and weaknesses of each type. For instance, if you add a co-signer, you can improve your access to loan rates that you would not qualify for individually. Though, keep in mind, your co-signer must also have an adequate credit score.

You’ll find some good options in our list of recommendations below.

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It is impossible to guarantee approval or estimate the monetary value of a loan without speaking with a lender directly because there are so many different factors at play. You can calculate an estimate of your Annual Percentage Rate (APR) and interest amounts based on your desired principal here.

How Much of a Personal Loan Can I Get with a 660 Credit Score?

Having a robust credit score will go a long way toward increasing the amounts and improving the terms of your loans. That said, how much you’re approved for will vary from lender to lender.

How much can I borrow?

Leveraging these loan options and taking time to contact multiple lenders will maximize your odds of success. Ideally, you will be able to secure upward of 200 percent of your pre-tax income in a personal loan. Remember, that figure fluctuates depending on your debts, credit score, and even employment status.

Improve Your Credit Score

Odds are, if you have a credit score of 660, you are doing the little things right—paying bills on time and keeping your debt balances to a minimum. There are a few more things you can do to improve your overall credit score, though.

Correct Inaccuracies on Your Credit Report

The Federal Trade Commission gives you access to a free credit report from each of the major credit-reporting bureaus every 12 months. If you see something wrong with your record from TransUnion, Equifax, or Experian, act on it immediately.

Don’t Apply for New Credit Too Often

Be judicious when it comes to opening new lines of credit. Applying too often for new credit can have adverse consequences, as each one adds a hard inquiry on your report.

Lauren Ward

Lauren Ward
Writer and editor

Specializing in original, well-researched web content, including blog posts, news articles and web copy. Areas of expertise include personal finance and lending. 10 years of experience as freelance writer and working at Federal Reserve Bank of Richmond.
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