What credit score do you need for a USAA personal loan? This question is about Personal Loans

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

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This question is about Personal Loans

Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 09/24/21 This answer was first published on 05/07/21 and it was last updated on 09/24/21.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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USAA will consider people with bad credit (a credit score below 640) for a personal loan, according to customer service, because there is no officially specified USAA credit score requirement. You also need to be eligible for USAA membership to qualify for a USAA personal loan.

Keep in mind that USAA will look at more than just your credit score when evaluating your application for a personal loan. USAA will consider your entire financial profile, including things like your income, existing debts and recent credit inquiries, when deciding whether to approve you.

If you're unsure of what your current credit score is, you can check it for free on WalletHub.

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How do personal loans affect your credit score?

Personal loans affect your credit score in the short-term and in the long-term. In the short-term, a personal loan may damage your score because it causes a hard credit inquiry and increases your debt load. But in the long-term, a personal loan can either help or hurt your credit, depending largely on whether or not you pay the bills on time. Ultimately, it’s up to you how much impact the personal loan will have.

How a...

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How do you get a personal loan?

Getting a personal loan is a lot easier than many people think. Most people are familiar with the credit card application process, however, and getting a personal loan is very similar. In general, you comparison shop to find an offer that suits your needs in terms of loan amount, length and APR. Then, you check for pre-approval to gauge your odds of success. Once you’re confident you want to apply, you fill out an application...

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What is the easiest bank to get a personal loan from?

The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates that they consider people with scores below the fair credit range (below 640). So even people with bad credit may be able to qualify.

Wells Fargo normally requires a credit score of 660 for their unsecured personal loans. However, they also offer secured personal loans that are...

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