A 580 credit score sits at the boundary between 'poor' and 'fair' credit — and it's a meaningful threshold. Several major lenders, including Avant and LendingPoint, list 580 as their minimum score. Upstart accepts scores below 580 using its AI model, making it the most accessible option at this tier.
Best Lenders for 580 Credit Score
Rates verified May 2026 · Updated weekly
| Lender | Min. Score | APR Range | Loan Amounts | Best For | Action |
|---|---|---|---|---|---|
| Upstart TOP PICK | No minimum | 6.20% – 35.99% | $1,000 – $75,000 | Top pick — AI underwriting, no hard minimum | Check Rate → |
 Avant |
580 | 9.95% – 35.99% | $2,000 – $35,000 | Solid option for 580+ scores | Compare |
| LendingPoint | 580 | 7.99% – 35.99% | $2,000 – $36,500 | Good for fair credit borrowers | Compare |
| OneMain Financial | None | 18.00% – 35.99% | $1,500 – $20,000 | In-person branches; accepts secured loans | Compare |
What to Expect with a 580 Credit Score
At 580, you'll qualify for more lenders and potentially better rates than at 500–550. Expect APRs of 15–30% and loan amounts up to $25,000. Adding a co-signer with good credit can significantly improve your rate.
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Who Should Look Elsewhere
A personal loan is not the right tool for every situation. Consider alternatives if any of the following apply to you:
- You have home equity: A HELOC typically offers rates 5–10% lower than personal loans. If you own your home, compare HELOC rates before taking a personal loan.
- Your debt is primarily credit card debt: A balance transfer card with a 0% intro APR (typically 12–21 months) will cost less than a personal loan if you can pay off the balance within the intro period.
- You need less than $1,000: Most personal loan lenders have minimum amounts of $1,000–$2,000. For smaller needs, a credit union payday alternative loan (PAL) or a 0% APR credit card may be more appropriate.
- Your credit score is below 500: Most personal loan lenders — including those that accept "bad credit" — have practical minimums around 500–560. Below this, secured loans, credit-builder loans, or co-signer arrangements are more realistic options.
- You are in active bankruptcy: Personal loan lenders will decline applicants in active Chapter 7 or Chapter 13 proceedings. Resolve your bankruptcy first.
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How to Improve Your 580 Credit Score
While you can get a loan now, improving your credit score before applying — even by 20–30 points — can save hundreds in interest. Here's what moves the needle fastest:
- Reduce credit card utilization below 30%
- Make 6+ months of on-time payments to show positive trend
- Consider a credit-builder loan from a credit union
- Don't close old accounts — credit history length matters
- Dispute inaccurate negative items on your report
Credit Score Range Overview
Rates verified May 2026 · Updated weekly
| Score Range | Rating | Typical APR Range |
|---|---|---|
| 300–579 | Poor | 25% – 36% |
| 580–669 | Fair | 15% – 25% |
| 670–739 | Good | 8% – 15% |
| 740–799 | Very Good | 6% – 10% |
| 800–850 | Exceptional | 6% – 8% |
How to Improve a 580 Credit Score
You've crossed into 'fair' credit — keep the momentum
A 580 score puts you in the 'fair' credit category, which opens up significantly more lender options. The next milestone is 620, which qualifies you for most mainstream lenders. Focus on consistent on-time payments.
Pay down revolving debt aggressively
At 580, your credit utilization is likely above 30%. Every $100 you pay down on credit card balances can improve your score. Prioritize high-utilization cards first.
Avoid new hard inquiries for 6 months
Each hard inquiry reduces your score by 2–5 points. At 580, you're close to the 620 threshold — avoid applying for new credit cards or loans for 6 months while you build your score.
Frequently Asked Questions
What personal loans are available at a 580 credit score?
At 580, your options expand significantly. Upstart, Avant, Best Egg, and LendingClub all accept 580-score borrowers. Upstart is typically the best rate because of its AI underwriting. Expect APRs of 18–32%.
How much can I borrow with a 580 credit score?
At 580, most lenders approve $2,000–$25,000 depending on income and debt-to-income ratio. Upstart may approve up to $75,000 for borrowers with strong income and employment history.
Will a personal loan help my 580 credit score?
Yes, if you make all payments on time. A personal loan adds an installment account to your credit mix (10% of FICO score) and creates a positive payment history. Most borrowers see a score increase of 10–20 points after 6 months of on-time payments.
What is the APR difference between a 580 and 620 credit score?
The jump from 580 to 620 typically reduces your APR by 4–8 percentage points. On a $10,000 loan over 36 months, that's a savings of $600–$1,200 in total interest. It's worth waiting 3–6 months to improve your score if you can.
Can I get a personal loan with a 580 score and no job?
It's difficult. Lenders require proof of income, but it doesn't have to be from traditional employment. Upstart accepts income from self-employment, freelancing, Social Security, disability, and other sources. You'll need to document your income with bank statements or tax returns.
Rates and terms are current as of April 08, 2026 and subject to change. WiseIQ may earn a referral fee from some lenders. Credit score ranges are approximate; individual lender decisions vary. Always check your rate with a soft pull before applying.
Quick Summary
Score: 580–619
580
Fair Credit
Best Lender: Upstart
Starting APR: 6.20%
Max Amount: $75,000
Min. Score: None
Check Upstart Rate →
Starting APR: 6.20%
Max Amount: $75,000
Min. Score: None