Are Laurel Road personal loans legit? This question is about Laurel Road

Are Laurel Road personal loans legit?

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This question is about Laurel Road

Adam McCann, Financial Writer

@adam_mcan • 09/16/21 This answer was first published on 09/16/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, Laurel Road personal loans are legit because Laurel Road is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why Laurel Road personal loans are legit is that the lender has a rating of A+ from the Better Business Bureau.

Why Laurel Road Personal Loans Are Legit

Laurel Road is registered as a business in the states it services.

Laurel Road has a Better Business Bureau rating of A+.

Laurel Road has been around since 2013.

Laurel Road has an average user rating of 2.9/5 on WalletHub.

Laurel Road personal loans have a rating of 4.6/5 from WalletHub%s editors.

Laurel Road has a secure website, which you can tell by the fact that the URL has "https" in front of it.

While Laurel Road personal loans are legit, they may or not be the best choice for you. It%s important to compare the terms and requirements of Laurel Road personal loans against your other options before submitting an application.

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What are the personal loan requirements?

Major personal loan requirements include being at least 18 years old, having a bank account, having a good credit history, and having enough income or assets to afford monthly loan payments. Specific personal loan requirements vary by lender, however. Avant requires a credit score of 600 or higher, for example, while Prosper sets the bar at 640 and SoFi asks for 680. Most lenders don’t disclose annual income requirements, but two exceptions are LendingPoint ($20,000+)...

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How hard is it to get a personal loan?

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...

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How do personal loans work?

Personal loans let you borrow a sum of money from a lender and then pay it back in monthly installments over a set term – usually anywhere from 12 to 84 months. Those monthly payments include equal portions of the original loan amount, plus interest and fees. Personal loans can be used for debt consolidation, home improvements, vacations, big purchases and more. Understanding how things will go, from the time you apply to when you...

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