Backed Personal Loan Alternatives

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Backed Personal Loan Alternatives
Backed loans do not appear to be available. Check out a personal Backed loan against other loan providers.
Annie Millerbernd Lead writer personal loans, "buy now, pay later" loans, cash advance apps Annie Millerbernd is an NerdWallet authority in personal loans. Before joining NerdWallet in 2019 she worked as a news journalist in California and Texas, and as an online content specialist at USAA. Annie's work has been cited by the press and was published by The Associated Press, USA Today and MarketWatch. Annie has also been quoted by New York magazine, and has appeared in NerdWallet's "Smart Money" podcast, as well as on local TV and radio. She's located in Austin, Texas.





Oct . 16, October 16, 2020


Written by Kim Lowe Lead Assigning Editor Consumer loans Kim Lowe leads the personal loans editorial team. The editor was hired by NerdWallet following 15 years of of managing the content of MSN.com, including food, health, and travel. Kim began her career as a writer for publications covering mortgages, supermarket and restaurant industries. Kim earned an undergraduate degree in journalism at the University of Iowa and a Master of Business Administration from the University of Washington.







Many or all of the products we feature come from our partners who compensate us. This influences which products we feature and where and how the product appears on the page. However, this does not affect our assessments. Our views are our own. Here's a list and .



Backed, a lender which provided low-rate, co-signed personal loans it appears to not be offering unsecure personal loans. The lender does not have an online presence and NerdWallet cannot contact the company. There is a personal loan at credit unions, banks and .
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Personal loan alternatives to Backed
Online lending
Online lenders tailor their personal loans to different types of borrowers. They cater to borrowers who have fair, good or bad credit, and let you borrow to fulfill any need. A lot of them offer joint personal loans, which are similar with co-signed loans. Comparing offers can help you to get the best deal and also find the loan with the best features.
Here's how is a typical online loan will look like:
Credit scores from bad to outstanding are accepted.
APR range between 6% and 36%.
Amounts of loans: from $1,000 to $100,000.

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Credit unions
Credit unions can be a great first stop for members with bad or fair credit. They will look beyond your credit score and look at things like your standing with the credit union in order to make a loan decision.
, a national credit union that allows members to co-sign their personal loans. Membership is available to the public.
Here's what a typical union loan looks like:
Credit scores ranging from low to excellent can be accepted.
APR range from 7% to 18 percent.
Amounts of loans: $500 to $50,000.

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Compare personal loans
Three lenders are worth your time that you could consider as alternatives to Backed. They all provide joint or co-signed loans. NerdWallet suggests working with several lenders to check rates.
The ratings of NerdWallet are based on the opinions of the editorial staff. The scoring formula considers aspects we consider to be a good choice for consumers, such as the impact on credit score rates and fees, customer experience and responsible lending practices.


NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the factors we believe to be consumer-friendly, including the impact on credit score, rates and fees, customer service and ethical lending practices.


NerdWallet's ratings are determined by our team of editors. The scoring formula considers factors we consider to be friendly to consumers, such as the impact on credit score, rates and fees, customer experience and responsible lending practices.


Est. APR 8.49-35.97%

Est. APR 7.99-29.99%

Est. APR 18.00-35.99 percent

A loan term ranging from 2 to 7 years

Loan term 2 to 5 years

Loan term 2 to 5 years

Amount of loan: $1,000-$50,000

Amount of loan: $5,000-$50,000

Loan amount $1,500-$20,000

Min. credit score 560

Min. credit score of 620

Min. credit score, not e






Banks
The primary benefit of the Backed personal loan was the possibility to include a co-signer that is uncommon among bank lenders. One bank allows customers to add a co-signer to increase their likelihood of approval or get a lower rate.
Here's how a typical bank loan appears to be:
Good- to excellent-credit customers and borrowers who have been with us for a while are preferred.
Variation in APR: 5 to 29 percent.
Amounts of loans: from $1,000 to $100,000.

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About the writer Annie Millerbernd is a personal loans writer. Her work has appeared on The Associated Press and USA Today.







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