Rick Bormin, Personal Loans Moderator
@rhandoo2020
You can borrow $60,000 with bad credit from friends and family, lenders that offer secured personal loans, and pawn shops. There are no major lenders that offer unsecured loans of $60,000 to people with bad credit.
Secured personal loans: These loans offer much better approval odds than regular personal loans, but they require collateral.
Friends and family: These people are less likely to care about your credit score and should give you better terms than a traditional lender.
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.
Best Personal Loans for Bad Credit of 2025
Best Personal Loans for Bad Credit of 2025
Compare OffersRick Bormin, Personal Loans Moderator
@rhandoo2020
You can borrow $60,000 with bad credit from friends and family, lenders that offer secured personal loans, and pawnshops. There are no major lenders that offer unsecured loans of $60,000 to people with bad credit.
Secured personal loans: These loans offer much better approval odds than regular personal loans, but they require collateral.
Friends and family: These people are less likely to care about your credit score and should give you better terms than a traditional lender.
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.
People also ask
What are the best personal loans for a 450 credit score?
The best personal loans for a 450 credit score are from OppLoans or Integra Credit. These companies specialize in lending to people with bad credit and won't even do a credit check when you apply for a loan.
It's important to note that any personal loan you get with a 450 credit score is likely to have a very high APR and an expensive origination fee. If possible, you might want to try to borrow...
read full answer by Rick Bormin, Personal Loans ModeratorHow can you get a personal loan with a credit score under 550?
Yes, you can get a personal loan with a credit score of 550. You could consider getting a secured personal loan, applying for an unsecured personal loan with a co-signer, borrowing from family and friends, and checking with local credit unions which usually have a lower requirement over credit score.
It’s very difficult to get an unsecured personal loan with a credit score under 550 on your own, without the help of a co-signer whose...
read full answer by Adam McCann, Financial WriterHow can I borrow money with bad credit?
There are several ways to go about borrowing money when you have bad credit, such as joining a credit union, borrowing from friends and family, applying with a co-signer, or using one of the few unsecured credit cards designed for people with poor credit. Taking out an unsecured personal loan is unlikely to be an option, however, as most banks require a credit score of at least 585 for approval (660+ for a loan with...
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