 TITLE: Can a Personal Loan Help My Credit Score? CONTENT: What Credit Score Do You Need to Get a Personal Loan?\n-----------------------------------------------------\nYou can qualify for a personal loan with just about any credit score. But it's important to keep in mind that a better credit score will give you access to a broader range of lenders and lower interest rates.\nFor example, there are lenders that specialize in working with people with bad credit, but you may end up paying triple-digit interest rates with some of them, which may not be worth it.\nIt's also important to keep in mind that lenders look at more than just your credit score to determine your eligibility and loan terms. Other factors that lender consider include:\n*   Job stability\n*   Income\n*   Other debt payments\n*   Negative items on your credit report\n*   Whether you have a cosigner\nIn some instances, lenders may require collateral in the form of savings before they'll approve you for a loan. While this can help you qualify for a lower interest rate because it reduces the lender's risk, it can be challenging if you're short on cash.\nIf your need for a personal loan isn't immediate, it may be a good idea to work on improving your credit before you apply. This can include paying down credit card balances, getting caught up on past-due payments, paying upcoming bills on time and avoiding new credit unless it's necessary. END