Does 60MonthLoans verify income for personal loan applications? This question is about 60MonthLoans

Does 60MonthLoans verify income for personal loan applications?

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This question is about 60MonthLoans

Grace Enfield, Content Writer

@grace_enfield • 11/25/21 This answer was first published on 11/25/21. 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, 60MonthLoans will verify your income when you apply for a personal loan. 60MonthLoans requires a minimum annual income of $30,000 to ensure that you can make your monthly payments, and if you don’t meet the minimum income requirement, you likely won’t get approved.

60MonthLoans verifies income by requesting 3 months of bank statements. However, simply meeting the income requirement does not guarantee approval for a loan. There are other 60MonthLoans personal loan requirements, as well.

60MonthLoans Personal Loan Requirements

$30,000 annual income
Be at least 18 years old
Be a US citizen or permanent resident
Must have a Social Security number
Have good or excellent credit score
Must live in AL, CA, DE, GA, ID, IL, MS, NM, ND, SC, UT, or WI

If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub’s free pre-qualification tool.

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Does a 60MonthLoans personal loan affect your credit score?

Yes, a 60MonthLoans personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, a 60MonthLoans personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.

How a 60MonthLoans Personal Loan Affects Your Credit Score

Hard pull: When you apply for a 60MonthLoans personal...

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How do I apply for a 60MonthLoans personal loan?

To apply for a 60MonthLoans personal loan enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for a 60MonthLoans Personal Loan

Enter your personal information on the application. 60MonthLoans requires the following personal information on the application: your full name, date of birth, email address, phone number, marital status, home address, housing...

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Does 60MonthLoans do a hard inquiry?

Yes, 60MonthLoans 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.

60MonthLoans'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...

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