Does Happy Money allow cosigners on personal loans? This question is about Best Personal Loans With a Cosigner

Does Happy Money allow cosigners on personal loans?

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This question is about Best Personal Loans With a Cosigner

Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 07/23/21 This answer was first published on 07/23/21. 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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No, Happy Money does not allow cosigners on personal loans, unlike some personal loan providers. A cosigner is a second person who serves as a guarantor on the loan, and thus promises to pay the loan back if the primary applicant cannot.

Although Happy Money does not accept cosigners on personal loans, there are quite a few lenders out there that do. You can check out WalletHub's picks for the best personal loans that allow cosigners to find some good offers.

You can also use WalletHub's free personal loan pre-qualification tool to see which loans you might be able to qualify for even without a cosigner.

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Can you get a personal loan with a credit score under 550?

Yes, you can get a personal loan with a credit score of 550. You could consider getting a secured personal loan, applying for an unsecured personal loan with a co-signer, borrowing from family and friends, and checking with local credit unions which usually have a lower requirement over credit score.

It’s very difficult to get an unsecured personal loan with a credit score under 550 on your own, without the help of a co-signer whose...

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What credit score is needed for a personal loan?

The minimum credit score for personal loan approval is 580, depending on the lender. That means it is possible to get an unsecured personal loan with a bad credit score, though such a loan will likely have an origination fee.

For your reference, WalletHub researched some of the most popular lenders to find out more about their specific loan requirements.

Credit Score for Personal Loan Approval by Lender

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How can I get a personal loan with no credit and no cosigner?

If you want to get a personal loan with no credit and no cosigner, your options are limited to credit-builder loans, secured personal loans, home equity loans and borrowing from alternative sources like friends and family. Having no credit disqualifies you from getting most unsecured loans, as lenders usually require an established credit score of 600 or higher.

You could get around that issue if you had a cosigner, as the lender would use...

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