Is LendingPoint hard to get approved for? This question is about LendingPoint

A personal loan from LendingPoint is not hard to get approved for if you have a credit score of 600+, enough income to afford the loan, and a valid bank account. Approval by LendingPoint is never guaranteed, though, even if you meet all the requirements. Requirements to Get Approved by LendingPoint Credit Score: 620 Income: $35,000 annually Age: 18+ Citizenship: U.S. citizen or permanent resident Identification: Social Security number Bank Account: Verifiable bank account Residency: All states except Nevada and West Virginia For more information, check out the full LendingPoint personal loan review on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.

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Is LendingPoint hard to get approved for?

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This question is about LendingPoint

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Grace Enfield, Content Writer

@grace_enfield • 06/15/22 This answer was first published on 06/15/22. 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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A personal loan from LendingPoint is not hard to get approved for if you have a credit score of 600+, enough income to afford the loan, and a valid bank account. Approval by LendingPoint is never guaranteed, though, even if you meet all the requirements.

Requirements to Get Approved by LendingPoint

Credit Score: 620
Income: $35,000 annually
Age: 18+
Citizenship: U.S. citizen or permanent resident
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: All states except Nevada and West Virginia

For more information, check out the full LendingPoint personal loan review on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.

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What credit score do you need for a LendingPoint personal loan?

Applicants need a credit score as low as 620 to get a personal loan from LendingPoint, according to the company. That means the LendingPoint personal loan credit score requirement is in the bad credit range. To put this in perspective, most other lenders' credit score requirements for personal loans range between 600 and 700.

Keep in mind that just having a 620 credit score is not enough to qualify you for a LendingPoint personal...

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How can you get LendingPoint personal loan pre-approval?

You can get LendingPoint personal loan pre-approval through WalletHub's free personal loan pre-approval tool. This will allow you to see your odds of approval for a personal loan with LendingPoint, as well as your potential interest rates, and the process will have no impact on your credit score.

How to Get LendingPoint Personal Loan Pre-approval

Go to WalletHub's free personal loan pre-approval tool.
Enter your desired loan amount and select the reason for...

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Can I pay off my LendingPoint personal loan early?

Yes, you can pay off a LendingPoint personal loan early, and it's actually a good idea to do that. You will save money by paying it off early because you will owe less interest. LendingPoint, like most reputable lenders, does not charge a fee for paying your loan off early.

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