Can Barclays Bank personal loans be trusted?

Your Barclays approval odds are good if you have a low debt-to-income ratio and meet Barclays requirements to get a loan. Some requirements include being at least 18 years old, having enough income to make monthly payments and having a credit score of 700+. If you meet all the requirements, your approval odds are high, but approval is never guaranteed. ... read full answer

What You Need for Barclays Approval Odds

• Credit Score Requirement: 700+
• Age: 18+
• Identification: Social Security number
• Bank Account: Verifiable bank account
• Residency: All states except Iowa and U.S. territories
• Citizenship: U.S. citizen or permanent resident
• Income: Not disclosed

Before applying for any personal loan, it’s a good idea to check to see if you pre-qualify in order to estimate your approval odds. You can use WalletHub’s free pre-qualification tool to check with multiple lenders at once.

Yes, Barclays does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

Barclays's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual credit score may be affected by a hard inquiry, you can use the ... read full answercredit score simulator on WalletHub.

If you're looking for a lender that does not do a hard inquiry at all, you could consider Opploans, Integra Credit and NetCredit.

No, Barclays does not have emergency loans that you can get quickly. Barclays takes 2 - 3 business days for both approval and funding to fund new loans, which is likely to be too long for some emergency expenses, though loan amounts of up to $35,000 are available. If you can wait a little while to get your loan, then Barclays may be good for you.... read full answer

If you're interested in seeing what other lenders have to offer, check out WalletHub's top-ranked emergency loans. You can also use WalletHub's free pre-qualification tool to see which lenders may approve you and which rates may be available to you.