Top Lenders & Best Picks for You

Best Personal Loans in Midland, TX

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Reviewed byScott Strandberg
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Updated: December 28, 2023

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MoneyGeek’s Pick for Best Personal Loan Lender in Midland, TX: Truist

MoneyGeek’s analysis considered different lenders offering personal loans in Midland. Various factors were evaluated, including loan amounts, repayment terms, fees, interest rates and debt-to-income ratio. Convenience for customers was also taken into account, which includes factors such as the application process, customer experience rating and whether the lender offers a mobile app for borrowers.

Based on MoneyGeek’s evaluation, Truist is the overall best personal loan lender in Midland. However, the best option for you may differ based on your needs. For example, SoFi is MoneyGeek’s top pick for borrowers with good credit. Meanwhile, Upstart is the best lender for those with bad credit.

Best Overall Personal Loan Lender in Midland, TX: Truist

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Best Personal Loan Lender for Bad Credit in Midland, TX: Upstart

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Best Personal Loan Lender for Good Credit in Midland, TX: SoFi

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Best Personal Loan Lender for Debt Consolidation in Midland: Upgrade

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Best Personal Loan Lender for Home Improvement in Midland: Best Egg

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What to Do if You Can’t Get a Personal Loan in Midland, TX

In some cases, a personal loan application gets denied. There are different reasons for this, such as bad credit scores, high debt-to-income ratio, low income, unstable employment or incomplete paperwork.

If your loan application gets denied, the best way to proceed is to contact the lender. Ask them the specific reason for the denial of your application. Determine whether there is a way to improve or modify your application to make it acceptable to them. For instance, you may shorten the loan terms or decrease the amount of the loan.

If changing the decision is not possible and you really need the money, you may opt to apply for a loan at another company. However, MoneyGeek advises that you avoid this until you have improved the factor that caused your denial in the first place.

There are also other financial arrangements available in Midland. MoneyGeek does not recommend getting payday loans that offer easy and fast approval because these loans tend to have very high interest rates and short repayment periods. You may end up accumulating a lot of debt if you fail to make payments on time.

Frequently Asked Questions About Personal Loans in Midland

Depending on your needs and circumstances, the best personal loans in Midland may vary. Understanding the various credit and income factors lenders evaluate can help you prepare to take out a personal loan. Knowing the different requirements, offers, rates and fees can also help you find the best option for you. MoneyGeek answers some of the most commonly asked questions to help with your search.

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Our Personal Loan Methodology

We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible, like prequalification, payment options and mobile apps.

After careful consideration and calculation, our picks are determined with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets your needs.

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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.