Select Page

Find the Best Personal Loan for Your Needs

Whether you want to pay off past debt, student loans, or have a medical expense, a personal loan may seem like the solution for you. The possibility of low interest rates, and small fees, a personal loan for people living in Philadelphia, Pennsylvania offers many exciting benefits. However, to ensure the most of these benefits, you must make sure your credit score is in order and these three personal loan tips are accomplished. Let us dive into what you need to know before applying for a personal loan.

Philadelphia Credit Score

The positive news about Philadelphia is that the average credit score is 709, above the national average of 696 according to Equifax. Therefore, there may be many places to get a loan with low interest rates. To ensure your personal loan is exactly what you want it to be, you have to make sure the following aspects of your credit score are in good standing before the lender takes a look into your financial background.

Personal Loans in Philadelphia, PA
  • No late payments.
  • Above Average Credit Score (660-719)
  • Credit Utilization is below 50%
  • Disputed Collections

If you happen to have aspects of your credit score that are not in good standing, you can still find the right personal loan lender for your financial situation. Following these steps ensures finding the right personal loan lender.

Steps To Follow When Finding The Ideal Personal Loan Lender

1. Research Lenders

Ideally, the lender that you chose will work with your financial situation and give you the best loan under those circumstances. With that said, research the lender to ensure they have a great track record and are a reputable and honest personal loan lender. Most importantly, research the lender that will give you the best customer service alongside a loan you are satisfied with.

2. Research Their Fees and Interest

Once you have decided on which loan lender you will be taking out your loan with, research their fees and their interest rates. This will be directly dependent on your credit score. Hence why ensuring your credit score is in positive standing before applying is very important. However, with a bit of research you will find a plethora of information regarding that lender’s fees and interest arrest.

3. Research Reviews

For people living in Philadelphia, a variety of lenders will appear with a quick search. Therefore, it is vital to read their reviews and what people are saying about that financial institution. Most importantly, meet with the lender in person and get to know them, ask questions, and make sure they honestly care about the important of your personal loan and your financial state.


Are Payday and Title Loans the Same as Personal Loans?

No not really. A payday loan, or cash advance, is easier to get and has a shorter term(unless it's a longer installment option) but higher fees and much higher interest than personal loans. The same is true for title loans with the addition of your car being used as collateral. Be very cautious with these types of loans.

Personal Loans in Philadelphia

Personal Loans in Philadelphia,Pennsylvania
Map data © 2019 Google.

OneMain Financial

11000 Roosevelt Blvd #151, Philadelphia, PA 19116, USA
(215) 698-9297
4 / 5 Stars

Philadelphia Federal Credit Union

12800 Townsend Rd, Philadelphia, PA 19154, USA
(215) 934-3500
3.3 / 5 Stars

Lendmark Financial Services LLC

1500 Garrett Rd f, Upper Darby, PA 19082, USA
(610) 394-3875
3.2 / 5 Stars


4701 Frankford Ave, Philadelphia, PA 19124, USA
(215) 744-8920
No website found
4.1 / 5 Stars

Christine has a solid background in personal finance as she spent the last eight years working at one of the biggest banks in the US. She managed her own team of financial advisors that helped hundreds of people with their financing needs. Her understanding of different financial products and loans helped her move up the ranks quickly after graduating with a degree in Business Administration.