Does Marcus by Goldman Sachs allow cosigners on personal loans? This question is about Best Personal Loans With a Cosigner

Does Marcus by Goldman Sachs 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, Marcus by Goldman Sachs 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 Marcus by Goldman Sachs 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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What credit score do you need for a Marcus by Goldman Sachs personal loan?

Applicants need a minimum credit score of 660 to get a personal loan from Marcus by Goldman Sachs, according to multiple third-party sources. That means the Marcus by Goldman Sachs personal loan credit score requirement is in the fair credit range. To put this in perspective, most other lenders' credit score requirements for personal loans range between 585 and 700.

Keep in mind that just having a 660 credit score is not enough to qualify you for...

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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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