Does LendingPoint approve everyone? This question is about LendingPoint

No, LendingPoint does not approve everyone. To qualify for a LendingPoint personal loan, you need to be at least 18 years old, have a credit score of 600 and have enough income to make the monthly payments, among other requirements. Even if you meet all the requirements, you still may not get approved. LendingPoint Personal Loan Requirements Age Requirement: 18+ Credit Score Requirement: 600 Income Requirement: $35,000 p/y Citizenship Requirement: U.S. citizen or permanent resident Bank Account Requirement: Verifiable bank account Identification Requirement: Social Security number Residency Requirement: All states except Nevada and West Virginia For more information, check out the full LendingPoint personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

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Does LendingPoint approve everyone?

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This question is about LendingPoint

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Grace Enfield, Content Writer

@grace_enfield • 06/22/22 This answer was first published on 06/22/22. 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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No, LendingPoint does not approve everyone. To qualify for a LendingPoint personal loan, you need to be at least 18 years old, have a credit score of 600 and have enough income to make the monthly payments, among other requirements. Even if you meet all the requirements, you still may not get approved.

LendingPoint Personal Loan Requirements

Age Requirement: 18+
Credit Score Requirement: 600
Income Requirement: $35,000 p/y
Citizenship Requirement: U.S. citizen or permanent resident
Bank Account Requirement: Verifiable bank account
Identification Requirement: Social Security number
Residency Requirement: All states except Nevada and West Virginia

For more information, check out the full LendingPoint personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

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What credit score do you need for a LendingPoint personal loan?

Applicants need a credit score as low as 620 to get a personal loan from LendingPoint, according to the company. That means the LendingPoint personal loan credit score requirement is in the bad credit range. To put this in perspective, most other lenders' credit score requirements for personal loans range between 600 and 700.... read full answer

Keep in mind that just having a 620 credit score is not enough to qualify you for a LendingPoint personal loan. LendingPoint will consider your entire financial profile, including things like your income, existing debts and recent credit inquiries, when deciding whether to approve you. It's also worth noting that some applicants might be able to get a personal loan from LendingPoint with a slightly lower score if it's offset by other factors like an especially high income. But it's best to wait to apply until your score meets the threshold.

If you're unsure of what your current credit score is, you can check it for free on WalletHub. You can also pre-qualify for a LendingPoint personal loan online to gauge your chances of getting approved with your current credit score.

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How can you get LendingPoint personal loan pre-approval?

You can get LendingPoint personal loan pre-approval through WalletHub's free personal loan pre-approval tool. This will allow you to see your odds of approval for a personal loan with LendingPoint, as well as your potential interest rates, and the process will have no impact on your credit score.

How to Get LendingPoint Personal Loan Pre-approval... read full answer

Go to WalletHub's free personal loan pre-approval tool.

Enter your desired loan amount and select the reason for borrowing.

Click "Get Started."

Select your employment status, then enter your annual income.

Select whether you rent or own your home and click "Continue."

Create a WalletHub account if you haven't already.

Receive your pre-approval status.

It's important to note that WalletHub's personal loan pre-approval tool doesn't just check for pre-approval with LendingPoint. It also checks with multiple other personal loan providers at the same time, so you can see your options.

To check for pre-approval directly with LendingPoint, go to its website and click on Apply Now. Then, enter the loan amount, loan purpose, your name, home address, email, and phone number, individual pre-tax annual income, income source and Social Security number. After that, click Check My Options, and receive your pre-approval status after a few moments.

Keep in mind that if you are pre-approved for a personal loan, you're not guaranteed to be approved when you submit an application. Your approval odds will be very high, though.

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Can I pay off my LendingPoint personal loan early?

Yes, you can pay off a LendingPoint personal loan early, and it's actually a good idea to do that. You will save money by paying it off early because you will owe less interest. LendingPoint, like most reputable lenders, does not charge a fee for paying your loan off early.

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