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Personal Loans

When looking at your options for personal loans online, you might have a few serious concerns at first. Do you qualify for a personal loan, and how much money can you take out? Will your low credit score keep you from getting approval for a personal loan? 

But don't worry. Everyone has questions when looking for the best loans for bad credit.

Here are some of the most common questions people ask about personal loans requirements:

Am I the Right Age for a Personal Loan?

Don't worry, you don't have to be any specific age to qualify for a personal loan -- as long as you're a legal adult when applying.

The reason why you can't borrow money before you're a legal adult is because you must be held financially responsible for whatever money you borrow. A minor can't be held legally financially responsible, so it wouldn't be in the best interests of any lender to loan you money.

So if you are under the legal age... ask your parents instead!

Will My Employment Status Matter?

Lenders care quite a bit about whether or not you're employed when you apply for a personal loan.


Because being employed shows that you have the means to repay whatever you borrow. If you're unemployed, you're not likely to have the finances needed to pay back a short-term loan.

And if you've only recently gotten a job, that's okay -- the majority of personal loan providers don't care whether you've worked with a company for two weeks or two years. All you have to show is that you will be able to repay the money they lend you.

How Much Personal Loan Do I Qualify For? 

The answer will vary depending on where you take out your personal loan and other factors, such as your history of repaying debts. A lender like Atlas Credit offers great flexibility in the amount of money you borrow. We can lend you $100 to $1,400, which can cover a variety of expenses. When you need cash immediately, personal loans provide the smartest answer. 

Apply For a Personal Loan Online

How to Qualify for a Personal Loan

Qualifying for a personal loan is relatively straightforward. At Atlas Credit, as long as you meet the legal age requirement and can show that you have the means to make payments on your loans, we can help. Get in touch with us for more information about getting a personal loan and how you can receive quick approval to get the funds you desire fast. 

Meeting Personal Loan Requirements

What do I need to get a personal loan? If you meet all the requirements laid out here, you can apply for a personal loan in your state. You will have the best chance of getting a loan if you have your personal information accessible. You will need basic information such as your Social Security number, and you also want to have other things ready, such as the amount you want to borrow and your street address and phone number. 

As you pay back your loan, you will enjoy another side benefit. Your credit will improve. You can show lenders you are a reasonable risk because you make regular payments and don't default. 

Can I Get a Personal Loan in My State?

Many states do not offer individuals the option to apply for installment loans. In other words, your state has to approve of personal loans before lenders can even set up shop there.

But if you live in the state of Texas or Oklahoma, you're in luck -- you'll be able to apply for personal loans!

Hopefully these answers clear up some of your questions about applying for personal loans online. With any luck, you'll be one step closer to accomplishing all your financial goals!

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