What Are The Best Personal Loans For Excellent Credit?
You have worked hard to build an excellent credit score and deserve a great rate on a personal loan. There are so many good lenders who have the best personal loans for excellent credit. Today we want to focus on the top lenders of personal loans that have super rates and require no collateral. These are unsecured personal loans.
Top Excellent Credit Personal Loans We Recommend
Lending Club – Easy online application and allows you to borrow up to $40,000.
PersonalLoans.com – Has a large network of lenders and an easy online application process.
Why Peer-to-peer Personal Loans Make Sense?
Today the most popular lending method is through peer-to-peer lending. This is where individual investors fund the loans for borrowers. It is a really cool process and gets cash into the hands of those with a need. The other benefit is for the individual investor that wants to invest their cash. It is a win win for everyone.
One of the biggest lenders is Lending Club. They have issued millions of dollars of loans to individuals. They also require good to excellent credit.
With an excellent credit score you can take advantage of getting the very best rates and terms.
It also makes it very simple to qualify and get the money you require.
What Is An Excellent Credit Score?
FICO scores are in the range of 300 to 850. A score over 720 is excellent credit. This credit score will get you a much lower rate.
If you have a good credit score you might still qualify but pay a higher rate.
I Have An Excellent Credit Score
You have an excellent credit score, so the next steps are to pick from one of the lenders above.
Visit their website and fill out the easy online application for approval.
Once approved the money will be direct deposited into your account.
You can use the money however you would like and there is no prepayment penalty.
Borrow the money for a home improvement or to consolidate debt. It’s easy and completely done online.