Personal Loans for 580 Credit Score

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

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.

WISEIQ TOP PICK

Check Your Upstart Rate — No Credit Score Minimum

AI-powered underwriting · Rates from 6.20% APR · Up to $75,000 · Funds in 1 business day · Soft pull to check rate

Check My Rate — No Credit Impact →

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

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 →

Other Score Guides

500 Score Guide → 580 Score Guide → 620 Score Guide → 660 Score Guide → 700 Score Guide → 750 Score Guide →