Vouch, Upstart and Avant are online companies that offer personal loans to individuals with minimal credit, according to Magnify Money. Other companies offering person loans despite bad credit include Springleaf and Peerform, states The Simple Dollar.
Vouch offers personal loans to individuals with credit scores below 700; however, acquiring a loan requires a personal recommendation from someone the potential borrower knows to guarantee part of the loan, reports Magnify Money. Vouch also requires the potential borrower to earn at least $24,000 annually, have a bank account and have no bankruptcies filed within the last year. Loans are available up to $7,500, with possible interest rates between 7.35 and 29.96 percent.
Upstart offers loans to individuals with a credit score as low as 640, according to Magnify Money. The company takes into consideration an individual's work history, grade point average and area of study when determining interest rate. Upstart offers loans in all states and requires 1 to 6 percent in upfront fees.
Loans from Avant come with the highest interest rate, compared to Vouch and Upstart, but the company offers personal loans to individuals with credit score as low as 580, states Magnify Money.
Springleaf offers loans in 41 states at interest rates from 25 to 36 percent, notes the Simple Dollar. As of 2015, Springleaf is a good option for obtaining a secured loan.