Best Loans for Bad Credit in Vermont: Top Lenders and Rates for 2024

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Edited bySarah Mattie

Updated: December 28, 2023

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Best Bad-Credit Loan Lenders in Vermont

Finding a bad-credit loan in Vermont may feel overwhelming. How do you figure out where you should turn to?

We've got you covered! MoneyGeek researched over 30 data points to determine the best bad-credit loan options in Vermont, including APRs, loan terms and amounts, origination fees and more.

We found Upstart and Upgrade offer some of the most affordable and flexible deals for people with poor credit scores. They work with your unique financial situation and won't leave you drowning in interest payments.

Our in-depth analysis might swing you in the right direction if you're deciding between these two options.

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Best Overall Bad-Credit Loan in Vermont: Upstart

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Runner-Up for Best Bad-Credit Loan in Vermont: Upgrade

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What to Do if You Can’t Get a Bad-Credit Loan in Vermont

It can be a terrifying feeling to apply for a loan and have the decision come back “denied.” It’s easy to assume that you have no other options and that you’ll never be able to borrow money again.

But not all hope is lost — many people who apply for loans are denied for one reason or another. It could be because of bad credit, lack of income or other issues.

The key is to figure out what caused your application to be denied so you can work on improving it the next time you apply. Call or email your lender to get the information you need.

Once you have the details, ask your lender to reconsider modifying the loan amount or terms you're applying for.

You can also apply with another lender. However, we recommend you make an honest effort to resolve any issues before applying elsewhere.

Try to avoid payday loans as an alternative. They have high-interest rates and fees and can be difficult to pay.

Calculate Your Monthly Payment

MoneyGeek has a personal loan calculator to help you figure out what you may expect to pay for your loan each month. This can be handy when it comes to narrowing down your options.

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FAQs About Bad-Credit Loans in Vermont

Getting a loan with bad credit can be challenging. The right lender can help you achieve your financial goals. Find frequently asked questions below to help narrow your search for the best bad-credit loan provider in Vermont.

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Methodology

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METHODOLOGY

MoneyGeek reviewed the loan offerings of over 30 different personal loan lenders — from big banks to online lenders — assessing them across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

The most important factors included APR range, loan amount, minimum credit score required, loan amount, repayment terms and disbursement time.

At MoneyGeek, we know how important it is to get the best experience. That’s why we give you access to lender reviews and business ratings that consider customer support and other factors — like prequalification, payment options and mobile apps.

We help you choose the right personal loans. Our picks are chosen with your best interests at heart, and our expert tips are meant to eliminate the guesswork when making financial decisions.

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The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.