Gino Rodriguez, Writer
@gino_rodriguez
Yes, you can have two American Express personal loans, but you may not have more than two active loans at the same time. Additionally, you must wait at least 60 days after signing a loan agreement to be eligible for a second personal loan.
You can only get an American Express personal loan if you receive an offer to apply and have an active American Express card. You can log into your American Express account online to check if you’re pre-approved, but keep in mind that a pre-approved offer doesn’t guarantee approval.
For more information, check out WalletHub’s American Express personal loan review.
People also ask
How many personal loans can you have at once?
You can have 1-3 personal loans from the same lender at the same time, in most cases, depending on the lender. But there is no limit to how many personal loans you can have at once in total across multiple lenders. The number of loans you can have is really only limited by your income relative to your expenses, including existing debt obligations.
Every loan application you submit will also temporarily lower your credit...
read full answer by Adam McCann, Financial WriterDoes American Express do a hard inquiry for personal loans?
No, American Express does not do a hard inquiry when you apply for a personal loan. There's no need for a hard pull on your credit report because you must already be an American Express cardholder to qualify for a personal loan, and Amex will only perform a soft pull during the approval process. You don’t have to worry about the loan application hurting your credit score.
A hard inquiry can drop your credit score...
read full answer by Gino Rodriguez, WriterDid we answer your question?
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