Lenders check your credit history and ask your income, in general. Your credit history is very important and affects interest rates directly. Interest rates differ from lender to lender and it’s not fixed in case of personal loans. The consumer may get a personal loan on the basis of his steady income even if he has poor or average credit history and on the other hand, good credit history with low income may also get loan approval and could be offered low-interest rates.
Important! You are required to be 18 or above and a legal US resident with a bank account. You should not be in bankruptcy and foreclosure.
There are some lenders, does not check your credit score and have no minimum credit score requirements. Such lenders approve the loans with poor credit scores. Some of them charge little higher interest rates. In addition to credit score, debt to income ratio and credit history, there are numbers of checkpoints to consider before applying for personal loans. These highlights will increase chances of guaranteed approval.