Min. Credit Score
Max. DTI Debt to Income Ratio
LendingPoint offers consumers loans with a quick approval and funding process, even for people with fair credit. However, the maximum APR is on the high side.
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Lender description LendingPoint's loans are designed to help credit rebuilders and people with newer credit profiles reach their financial goals.
|Low credit score threshold
|High maximum interest rate
|Fast loan approval and funding
|Doesn't allow cosigners or co-borrowers
|No prepayment fee
|Possible origination fee
Do you qualify This is what LendingPoint looks for in qualified borrowers: Credit history: Minimum of six months| Credit score: Minimum of 660 (FICO version 9 and VantageScore version 3.)| Debt-to-income ratio: 50% (not including mortgage payments)| Income: Minimum of $35,000. Lender will accept income from employment, alimony, retirement, child support and Social Security. Partner’s income is not accepted.
How to apply Apply online or by phone at 888-969-0959.
Footprint LendingPoint loans are available in 47 states and Washington, D.C. LendingPoint loans are unavailable in Nevada and West Virginia.
Loan example $10,000 loan for a period of 48 months with an APR of 24.34% and origination fee of 7% will have a payment of $327.89 per month