How Can I Get a Personal Loan With 690 Credit Score?

With a 690 credit score, lenders will consider you to have “good credit.” This means you may be eligible for many different types of loans, credit cards, lines of credit, and more. Which one you choose and the type of interest rate you get will largely depend on the type of loan and lender, and your specific financial situation. 

If you’re looking for a good personal loan and you have a 690 credit score, you may be in luck. While a 690 credit score is not the absolute best (850 is the highest FICO score), it’s also a good achievement. This means that you will likely have some good options when it comes to loans and credit cards. It also means you will be offered decent-to-good interest rates, but not the absolute best rates they have. 

If you’re in need of some emergency cash with a 690 credit score, you may consider the following options: 

Traditional Bank Loan – Depending on the bank and the specific loan, you may be able to get approved for a personal loan from a bank. You certainly have a better chance than someone with fair or poor credit. 

Credit Union Loan – A credit union is like a bank, but sort of like a non-profit bank. This means they may be able to offer you good interest rates for a personal loan. But in order to join one you have to meet certain criteria based on things like where you live, a church you attend, your job, or whether you have family that’s already a part of one. 

Personal Installment Loan – This is an unsecured emergency loan for borrowers with less-than-perfect credit. They’re commonly used for car repairs, medical bills, and other unexpected expenses. 

No matter which loan you choose it’s important to make sure you can make the payments, and make them on time. This plays a large role in your credit score. Your focus with a 690 credit score should be to improve it to “very good” or “exceptional” credit. And one of the ways to do that is to continue making on-time payments. 

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