Best Low-Income Loans in Wyoming: Top Lenders and Rates for 2024

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Edited byAshley Jacobs
Edited byAshley Jacobs

Updated: December 28, 2023

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Best Low-Income Loan Lenders in Wyoming

MoneyGeek identified its top picks for the best low-income loan lenders in Wyoming by analyzing over 30 key data points that we think are important when choosing a lender. These factors include the flexibility of loan amounts and repayment terms, the affordability of the loan based on APRs and fees as well as the ease of the application process.

According to our analysis, the best overall low-income loan lender in Wyoming is Upgrade. LendingClub is also another great option. However, for borrowers with good and bad credit, we recommend Prosper and Upstart, respectively.

Best Overall Low-Income Loan in Wyoming: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    MoneyGeek found that Upgrade provides the best overall low-income loans in Wyoming. In 2017, a group of fintech pioneers established this neobank with a mission to provide a better banking experience.

    There are several perks that would-be borrowers will appreciate from an Upstart personal loan. For instance, the modest credit score requirement of 560 means that most Wyoming residents will qualify, given that the average credit score in the state is substantially higher at 722.

    Another noteworthy benefit is that Upgrade directly pays third-party creditors, so borrowers no longer have to do the extra legwork. That said, there are drawbacks that you must consider, such as origination fees and late payment penalties.


    • A+ BBB rating
    • Flexible repayment terms
    • No prepayment penalty
    • Gives discount for autopay
    • Low loan amounts available


    • Charges origination fees
    • Fees for late or missed payments
    • No co-signers
    • APR range: 5.94% to 35.47%
    • Minimum/maximum loan amount: $1,000 to $50,000
    • Minimum credit requirements: 560
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Same day

Runner-Up for Best Low-Income Loan in Wyoming: LendingClub

  • LendingClub

    • 7.04% to 35.89%APR Range
    • 600Minimum Credit Score
    • $1,000 to $40,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Since its launch in 2007, LendingClub has given over four million of its members over $70 billion in loans. It has the distinction of being the country’s first public neobank, and consumers can access the wide variety of financial products that it offers conveniently either through the online portal or mobile application. It also is MoneyGeek’s runner-up for the best low-income loan lender in Wyoming.

    Borrowers will benefit from the quick disbursement of loan funds, which they can receive the next business day. It also allows joint applications, which can help boost your chances of getting approved if you don’t have good credit. That said, this lender tends to charge high interest rates.


    • A+ BBB rating
    • Low minimum loan amount
    • Joint applications allowed
    • No penalties for prepayment


    • Charges origination fees
    • Late fees
    • Potentially high APRs for borrowers with less-than-stellar credit
    • APR range: 7.04% to 35.89%
    • Minimum/maximum loan amount: $1,000 to $40,000
    • Minimum credit requirements: 600
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Next day

Best Low-Income Loan for Bad Credit in Wyoming: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    MoneyGeek found that Upstart is the best low-income loan provider in Wyoming for borrowers with bad credit. Established by former Google employees in 2012, this online lender has used the power of artificial intelligence to give greater access to affordable credit alongside a completely digital loan experience.

    Upstart gives those with bad or no credit a shot at establishing their credit histories with its rock-bottom credit score requirement of 300 and loans that can be as low as $1,000. Even low-income borrowers who qualify for the maximum APR may still take advantage of a small, manageable Upstart loan to build their credit.

    However, it might be best to look elsewhere if you want to save on your loan through autopay discounts or by avoiding origination fees.


    • Low credit score requirement
    • A+ BBB rating
    • No penalty fees for loan prepayment
    • Soft credit inquiry


    • Limited options for repayment
    • Charges origination fees
    • No discount for automatic payments
    • APR range: 3.22% to 35.99%
    • Minimum/maximum loan amount: $1,000 to $50,000
    • Minimum credit requirements: 300
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Next business day

Best Low-Income Loan for Good Credit in Wyoming: Prosper

  • Prosper

    • 7.95% to 35.99%APR Range
    • 640Minimum Credit Score
    • $2,000 to $40,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    Established in 2005, Prosper is the country’s first peer-to-peer lender. It is also MoneyGeek’s top pick for the best low-income loan in Wyoming for borrowers with good credit.

    To qualify for a Prosper loan ranging from $2,000 to $40,000, you must have a credit score of at least 640. However, you’ll need excellent credit to secure the lowest APR. These fixed-rate loans are unsecured, which means you don’t need to put in collateral, and there’s no need to worry about risking your assets. Loan disbursement takes minimal time, and loan funds can be deposited to your account as early as the same business day you’re approved.

    That said, you might want to consider other lenders if you want to save on your loan since Prosper tends to charge high interest rates and multiple fees. It also doesn’t offer autopay discounts.


    • A+ BBB rating
    • Co-applicants allowed
    • No penalty fees for loan prepayment
    • Soft credit inquiry
    • Fast funding


    • Charges origination and late fees
    • No co-signers
    • No discount for automatic payments
    • APR range: 7.95% to 35.99%
    • Minimum/maximum loan amount: $2,000 to $40,000
    • Minimum credit requirements: 640
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Same day

How to Choose the Best Low-Income Loan in Wyoming for You

On average, Wyomingites have $24,435 in personal loans with an average interest rate of 9.38%. To check if you qualify for a low-income personal loan, lenders will determine your creditworthiness based on your credit profile and income.

Here are the necessary steps when picking out the best low-income personal loans in Wyoming.

Ask Yourself the Important Questions

It’s important to ensure that a low-income loan is the right option to reach your financial goal. To do this, we encourage you to take a closer look at your current financial status.

Find out if you’re suited to apply for this loan by answering a few simple questions:

  • How much funding do you need?
  • What is your credit score? Does it meet the lender’s minimum requirement?
  • Do you have sufficient income to cover the regular monthly payments?
  • How much is your existing debt? Can you still easily manage another loan on top of your current financial obligations?
  • Is your debt manageable through other means? Have you explored alternative sources of funds, such as your savings or family and friends?
Do Your Research

The best way to find the best terms and the lowest interest rates is by shopping around and comparing loan offerings from different lenders. Getting a loan shouldn’t be taken lightly, especially since it generally takes around two to four years of making regular monthly payments to pay off entirely. Most lenders also conduct hard credit inquiries that can cause a temporary decline in your credit score.

To simplify the process of finding the best lender, MoneyGeek created this guide. However, you must explore other alternatives that are available to you since our suggestions are based on general borrower profiles. You are in the best position to determine if a lender can deliver your needs.


After completing your research and narrowing down your choices of preferred lenders, consider waiting a day or two before proceeding with your loan application. Give yourself a break from all the financial pressures and conflicting emotions. You might be amazed at how a short breather can help you think clearly and more rationally. A relaxed and calm mind tends to make better decisions, and you need to make the best decision when dealing with a long-term commitment like a low-income personal loan.

Read the Fine Print

Don’t make the critical mistake of skipping the fine print. This only takes a few minutes of your time, but the rewards can be huge. Make it a habit to carefully read the fine print and keep tabs on the little details. You’ll be saving big bucks in the course of your loan by not being blindsided by any unnecessary charges. Although these might seem innocently small at first glance, such fees and penalties have the potential to accumulate into a large sum that can create a dent in your finances. Avoid this pitfall by understanding the loan terms and conditions and checking for additional fees before applying.


Once you’ve picked out the lender that offers terms that closely match your needs and you’re sure that you qualify, you can start preparing the necessary documents. Most lenders will ask you to provide proof of your identification, address and income. There may also be additional requirements depending on your situation. A majority of lenders now have a fully digital application process, which is the preferred option due to its convenience. However, there are lenders that will allow you to complete the application over the phone or by visiting a physical office. This can be beneficial if you need assistance or want to clarify any questions.

What to Do if You Can’t Get a Low-Income Loan in Wyoming

There’s always the possibility that your low-income loan in Wyoming will get denied. If you find yourself in this situation, be assured that you’re not the first to face this setback. Lenders typically base their evaluation of which applications to accept largely on creditworthiness. This means that borrowers with lower credit scores, higher debt-to-income ratios and insufficient or unstable income typically get rejected.

MoneyGeek encourages you to go over the adverse action notice that your lender will send you to inform you about the exact reason why your loan was rejected. You may also reach out to the lender and ask for a one-on-one discussion with a representative. There’s much to gain by doing this since you might learn if modifying a few items in the application will help your odds of being accepted.

Don’t set yourself up for failure by immediately applying for another personal loan without implementing changes to your credit profile and overall financial situation. We also caution you against getting predatory loans like payday loans since these charge huge fees that can harm your finances.

Calculate Your Monthly Payment

It’s wise to only take out a loan if you’re ready to commit to making regular payments. It is to your benefit to calculate your repayments to help you decide if you can comfortably meet the monthly payments given your current financial circumstances. You can estimate your low-income loan’s monthly payments by using MoneyGeek’s personal loan calculator.


FAQs About Low-Income Loans in Wyoming

MoneyGeek outlined its top picks for low-income personal loans in Wyoming based on factors such as income level and credit score, but the right lender for you will be the one that best meets your needs. Read our responses to the most common questions to learn more about this topic.

What is the best low-income loan lender in Wyoming?
Which lender in Wyoming has the lowest interest rates for low-income?
What kind of debts can I not use my low-income loan for in Wyoming?
How much debt can I consolidate in Wyoming?
How long does it take to get a low-income loan in Wyoming?
Can I pay off my loan early in Wyoming?


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MoneyGeek evaluated over 30 personal loan lenders using six areas that affect the overall borrower experience. These include the loan’s affordability, flexibility, accessibility, the lender’s transparency, customer service and consumer friendliness. More than 35 data points corresponding to these categories were included in the analysis.

Data points were then standardized to give more weight to factors that we believe have a greater influence on borrowers’ choice of a lender. These include the loan amounts, repayment options, APR ranges, disbursement time, fees, income requirements and credit score minimums.

Additionally, we looked at lenders’ add-on offerings that borrowers like you might find valuable, such as payment options, mobile apps and prequalification processes.

We combined all this information in our analysis to present to you MoneyGeek’s top picks for the best low-income loans in Wyoming. You can use our recommendations and expert tips as your go-to guides to help you in making smart 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.