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About Joe Montgomery
Expertise
I can answer most any question in this area, unless they are seeking legal advice.

Experience
I have worked in the lending industry for over 15 years, and worked in consumer lending, (Personal loans, and small collateral loans) as well as mortgage lending during the first 6 years of my career

Publications
Currently an all experts expert for mortgage loans.

 
   

You are here:  Experts > Shopping > Credit/Debt Management > How to Get a Personal Loan > what does your credit score need to be in order to apply for a loan?

How to Get a Personal Loan - what does your credit score need to be in order to apply for a loan?


Expert: Joe Montgomery - 5/19/2007

Question
Hi - my question is, when you go into a bank to apply for a personal loan what is the lowest credit score that you can have?  

Answer
Technically-- 0.  If you don't have enough credit you can have no score at all.  the "worst" I've ever personally seen was 330, and I believe 300 is the lowest, with 850 being the highest.  If you apply for a loan-- any loan, the lowest they usually accept is in the 500 range-- but that's usually for cars and home loans--  

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