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Backed Personal Loan Alternatives

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Personal Loans with Backed Options
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 a NerdWallet expert on personal loans. Before joining NerdWallet in the year 2019, she worked as news journalist in California and Texas as well as a digital content specialist at USAA. Annie's work has been cited by the press and was included by The Associated Press, USA Today and MarketWatch. Annie has also been quoted in New York magazine and was featured on NerdWallet's "Smart Money" podcast as well as on local TV and radio. She is based in Austin, Texas.





Oct 16 Oct 16, 2020


Written by Kim Lowe Lead Assigning Editor The consumer lending Kim Lowe leads the personal loans editorial team. Kim Lowe was hired by NerdWallet following 15 years of managing the content on MSN.com that covered food, health, and travel. Her first job was as a writer for magazines which covered mortgages as well as the restaurant, supermarket and mortgage 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 featured here are provided by our partners who pay us. This influences which products we feature as well as the place and way the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of and .



Backed, a lender which offered co-signed, low-rate personal loans, appears to not be offering unsecure personal loans. The lender does not have an online presence and NerdWallet cannot contact the company. There is the personal loan at banks, credit unions and .
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Individual loan alternatives to Backed
Online lenders
The online lenders can tailor the personal loans to various kinds of borrowers. These lenders cater to borrowers who have fair, good or poor credit and permit borrowing to fulfill any need. A lot of them provide joint personal loans that are comparable to co-signed loans. A comparison of offers can help you to get the best deal and also find the loan with the greatest features.
Here's how is a typical online loan will look like:
Credit scores from bad to excellent are accepted.
APR range: 6% to 36 percent.
Loan amounts: $1,000 to $100,000.

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Credit unions
Credit unions are a good first stop for members who have bad or fair credit. They look beyond your credit profile and evaluate the status of your relationship at the bank in order to make an loan decision.
A national credit union, permits members to co-sign their personal loans. Membership is available to all.
Here's what a typical union loan appears to be:
Credit scores ranging from low to excellent can be accepted.
APR range: 7% to 18%.
Amounts of loans: $500 to $50,000.

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Compare personal loans
Here are three lenders you can look into as alternative 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 takes into account aspects we consider to be a good choice for consumers, such as the impact on credit scores, rates and fees, the customer experience and responsible lending practices.


NerdWallet's ratings are determined by our team of editors. The scoring formula is based on the factors we believe to be consumer-friendly, including impact to credit score, rates and fees, the customer experience and responsible lending practices.


The NerdWallet ratings are decided by our editorial team. The scoring formula considers aspects we believe are consumer-friendly, including impact to credit score, fees and rates as well as the customer's experience and responsible lending practices.


Est. APR 8.49-35.97%

Est. APR 7.99-29.99%

Est. APR 18.00-35.99%

Loan term between 2 and 7 years

The loan term is 2-5 years

A loan term ranging from 2 to 5 years

Loan amount $1,000-$50,000

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

Amount of loan $1,500-$20,000

Min. credit score 560

Min. credit score 620

Min. credit score, not e






Banks
The primary benefit of a Backed personal loan was the possibility to co-sign with a person, that is uncommon among bank lenders. One bank allows borrowers to add co-signers to improve their chances of approval, or get a lower rate.
Here's what a typical loan will look like:
Good-to-excellent-credit customers and borrowers who have been with us for a while are preferred.
Variation in APR: 5 - 29%.
Loan amounts: $1,000 to $100,000.

>> MORE:



About the author: Annie Millerbernd is an individual loans writer. Her work has appeared in The Associated Press and USA Today.







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