Where can I get a good $2,000 loan?

You can borrow $2,000 with bad credit from LendingClub, Upgrade and Upstart, among other lenders. Most of the best places to borrow $2,000 with bad credit will require credit scores toward the upper end of the bad credit range. But people who cannot qualify can consider other options like no credit check loans… read full answer, secured personal loans, and borrowing from friends and family.

Best Places to Borrow $2,000 With Bad Credit

• LendingClub: 600 - 640 credit score needed
• Upgrade: 620 credit score needed
• Upstart: No credit score needed
• Avant: 600 credit score needed
• NetCredit: Bad credit considered

Alternatives for Borrowing $2,000 with Bad Credit

If you can’t qualify for a loan from any of the above lenders, there are other ways to borrow $2,000 with bad credit.

Secured personal loans: These loans offer much better approval odds than regular personal loans, but they require collateral.

No credit check personal loans: There are a few personal loan providers that don’t do a credit check, but they only offer a few hundred to a few thousand dollars and have very expensive APRs.

Friends and family: These people are less likely to care about your credit score and should give you better terms than a traditional lender.

Auto title lenders: You can get a 15 to 30-day loan equal to a portion of your vehicle’s value. The interest is very expensive (as much as 25% of what you borrow), and you risk losing your car if you can’t pay back this type of loan. Avoid them if possible.

Pawnshops: You could get a loan of any size depending on the value of the items you bring in. But you risk losing your property if you can’t reclaim it in the set timeframe.

Upstart Disclosure: Your loan amount will be determined based on your credit, income, and certain otherinformation provided in your loan application. Not all applicants will qualify for the fullamount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000),NM ($5,100), OH ($6,000).

The full range of available rates varies by state. The average 5-year loan offeredacross all lenders using the Upstart platform will have an APR of 24.83% and 60monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a$10,000 loan would be $15,817 including a $594 origination fee. APR is calculatedbased on 5-year rates offered in the last 1 month. There is no down payment and noprepayment penalty. Your APR will be determined based on your credit, income, andcertain other information provided in your loan application. Not all applicants will beapproved.

A personal loan generally it’s not hard to get, but some personal loans are much more difficult to get than others. Unsecured personal loans often require a credit score of 660+, and some are only available to people with scores of 700+.

Some unsecured personal loans are available to people with lower credit scores, but you have to watch out for predatory interest rates. For example, one good unsecured personal loan provider for bad credit is Avant, whose interest rates will only be as high as 35.99%. In contrast, a company like Opploans could charge as much as 199%.… read full answer

A secured personal loan is a lot easier to get than an unsecured personal loan, as the collateral that you provide greatly reduces the lender’s risk. Even people with bad credit should have little trouble getting approved. The tradeoff is that the lender can take ownership of the collateral if you are unable to pay back your loan. So there’s a lot more risk for you as the borrower. You’ll have to decide if you have any collateral you’re willing to put on the line, such as an auto title, stocks, money in a certificate of deposit, or valuable art.

One thing that will make it extremely hard to get a personal loan is if you don’t have any kind of income. You need income to show that you’re capable of making monthly payments. You don’t necessarily have to be employed, however. Your income can come from other sources like a retirement account, alimony, disability payments and more.

To get a small loan fast, apply online for a personal loan from Avant, Best Egg or Discover, after getting pre-qualified and comparing your offers. Each lender has loan amounts as low as $2,000 and provides approval and funding within a few business days. Avant also has a low credit score requirement (600), while Best Egg offers the potential for a very low APR, and Discover does not charge an origination fee.… read full answer

Many lenders offer quick approval and funding within a few business days. And some offer relatively small personal loans of only a few thousand dollars. However, those two traits don’t always overlap. By picking a lender that offers both, borrowers can avoid having to wait a long time for approval and also won’t be forced to borrow more than they need.

Where to Get a Small Loan Fast:

If you’re interested in getting a small loan quickly from any of these lenders, it’s a good idea to get pre-qualified first. You can use WalletHub’s free and easy personal loan pre-qualification tool to check with multiple lenders at once.

Once you’ve pre-qualified for an offer, you’ll then fill out the actual application. You’ll need to provide both basic personal information (address, birthdate, SSN, etc.) and financial information (income, housing status, employment status, etc.). After you submit your application, it should only take a few business days at most to receive a decision and get funded.