Grace Enfield, Content Writer
@grace_enfield
You can get a debt consolidation loan with a credit score of 570 if you apply with a lender that does not have a credit score requirement. However, these loans typically have high APRs to make up for the lack of a credit score requirement, so you might not save much money.
The best no credit debt consolidation loans are from Upstart because the company has loan amounts of $1,000 - $50,000, APRs typically of 5.35% - 35.99% and repayment periods of 36 , 60 months. Upstart isn’t your only option, though. You can see a comparison of the best no credit debt consolidation loans below.
Best Debt Consolidation Loans for a 570 Credit Score
| Company | Credit Score Requirement | Loan Amounts | APRs |
| None | $1,000 - $50,000 | 5.35% - 35.99%, typically | |
| None | $300 - $15,400 | 10.07% - 35.95% | |
| None | $1,500 - $20,000 | 18% - 35.99% | |
| None | $500 - $5,000 | 60% - 299% | |
| None | $500 - $4,000 | 99% - 349% |
To read more about the top-ranked offers, check out WalletHub’s complete picks for the best no credit loans. You can also estimate your potential rates with our free pre-qualification tool.
Additionally, you may want to consider getting a loan from a friend or family member to repay your debt. Your friends or family may offer better terms than conventional loans.
Upstart Disclosure: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).
The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
Best Debt Consolidation Loans of 2023
Compare OffersPeople also ask
What credit score is needed for debt consolidation?
You need a credit score of 660 or higher to consolidate your debt with a personal loan that has no origination fee and a low APR. In general, the higher your credit score is, the lower your interest rate will be on a debt consolidation loan or a balance transfer credit card.
Many lenders disclose a credit score requirement for debt consolidation loans. For your convenience, below is a list of credit score requirements from major lenders. You can...
read full answerWhy can't I get a debt consolidation loan?
If you can’t get a debt consolidation loan, it’s most likely because you don’t make enough money to keep up with the payments of the loan or you don’t meet the lender’s credit score requirement. It’s also possible that you don’t satisfy basic requirements such as being at least 18 years old and having a bank account. Any lender that turns you down for a consolidation loan should disclose the reason why your application was...
read full answerShould I get a debt consolidation loan?
You should get a debt consolidation loan if you have hard-to-manage debts owed to multiple creditors and if you can get a lower APR on the new loan. Other situations where you should get debt consolidation loans include when the fees aren't excessive and when other options, like a balance transfer credit card, aren't better. In general, a debt consolidation loan should save you money and help you get out of debt faster.
When...
read full answerDid we answer your question?