Trustpilot
Show More

Ask an Expert

Can I get a personal loan with a credit score of 600?

The short answer to this is yes – you can generally get some kind of loan with more or less any credit score, though the terms you’re offered will vary accordingly. Additionally, different credit reference agencies (CRAs) use different numerical systems to produce your credit score, so a score of any particular number can mean different thing.

The three largest CRAs that lenders use to independently work out your credit score are Experian, Equifax and TransUnion. They all have different score ranges, marking out of 999, 700 and 710 respectively. This table shows how they rate each score:

 

Experian

Equifax

TransUnion

Very Poor

0-560

0-279

0-550

Poor

561-720

280-379

551-565

Fair

721-880

380-419

566-603

Good

881-960

420-465

604-627

Excellent

961-999

466-700

638-710

If you scored 600 with Experian, then you could find it hard to get a loan. It won’t be impossible, but if you do manage to find a personal loan, it is likely to be a ‘poor credit’ loan, with extremely high interest rates. If you scored 600 with Equifax or TransUnion, then you will be able to get a personal loan without much issue.

Related guides

Peer to Peer Lending - P2P Loan Options

In recent years, peer-to-peer lending has emerged as a revolutionary financial solution, offering individuals an alternative to traditional financial institutions for both borrowing and saving money. This innovative form of peer lending allows borrowers to borrow money directly from individual lenders rather than relying on established financial institutions like traditional banks or other financial institutions. But what exactly is peer-to-peer lending, and how does it compare to traditional bank loans?

Wedding Loans - Finance Your Big Day

Wedding loansPlanning your wedding is an exciting time, but it can also come with a hefty price tag. Whether you’re envisioning an extravagant celebration or a more intimate gathering, wedding costs can add up quickly. To help manage the financial burden, many couples turn to wedding loans. These loans allow you to borrow money upfront, helping to cover expenses such as the venue, catering, wedding dress, and even the honeymoon. In this guide, we will explore the ins and outs of wedding loans, how they work, and how to choose the right loan for your needs.

What to Do if You Can’t Pay Back a Loan

Loans, such as personalloans,mortgages, payday loans, andcredit cards, are part of many people’s financial lives. However, missed payments can have serious consequences. Whether it's a personal loan payment or another type of loan, the impact on your credit and financial standing can be significant if you're unable to keep up with loan repayments.This guide explores what happens if you miss payments and what steps you can take to minimize the negative consequences.