As of 2015, people with bad credit can obtain private loans from companies such as Springleaf Financial, Avant and Peerform. While many lenders do not consider loans for those who have scores below certain numbers, these lenders accept credit scores below 640, according to the Simple Dollar.
Avant offers unsecured loans to people with credit scores as low as 580 and provides loans of up to $35,000. Springleaf Financial offers both unsecured and secured loans. The company works with credit scores below 600, with average loan amounts between $1,500 and $10,000. Peerform is an example of a peer-to-peer lending platform. Peerform considers applicants with scores below 600 and lends up to $25,000. However, this platform can take weeks to issue loans and does not guarantee them, even if approved, explains the Simple Dollar.