Check your credit score: Speaking of credit score, the best
personal loan companies want to lend to responsible borrowers with a track record of financial responsibility, good credit and stable income.
Based on your credit score and other factors, let's assume that you could obtain personal loan interest rates from
several personal loan companies for 7 %.
If your credit score is good but you're not sure you'd qualify for a good rate, many
personal loan companies allow you to check your rates without a hard credit check.
You never want to jump into a new loan until you've exhausted every other possibility, even if you're working with one of the best
personal loan companies available.
To apply for a personal loan, you can go through our free application or review some of the best lenders (here is a list of
online personal loan companies).
Another feature that makes Upstart stand out
among personal loan companies is that you can use your loan to pay for college or grad school — most lenders restrict the use of funds for postsecondary educational purposes.
LendingClub also provides a few options that many other online
personal loan companies don't: You can apply for a loan with a cosigner, which can help you get approved or a better interest rate, and in some cases, the company will directly pay your creditors if you're applying for a loan to consolidate outstanding debt.
And the third heavyweight IPO contender is credit cards and
personal loans company Latitude Financial, which is also lining up for a second half float and expected to target a $ 4 billion to $ 5 billion equity value.
We've done some of the legwork for you, putting together this list of some of the best personal loans from the best
personal loan companies out there.