What credit score do I need to qualify for a loan?
Asked 4 months ago
The credit score required to qualify for a loan through DealStruck can vary depending on several factors, including the specific type of financing being sought and individual circumstances. Generally, a good credit score can significantly enhance your chances of approval and may lead to better interest rates and terms. Typically, a score of 600 or above is considered a baseline for many lenders. However, DealStruck may offer options for individuals with credit scores below this threshold, as they also consider other aspects such as the overall financial situation of the applicant, business cash flow, and repayment ability. It is advisable to review the specific loan requirements available on their website for detailed information regarding credit qualifications and other necessary criteria.
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