BizSugar.com › Raising Capital › P2P Crowdfunding with Poor Credit

For traditional loans, applicants need a credit score above 700 to be eligible for approval. Although numerous options exist for those denied by the banks, debt crowdfunding has emerged as a popular and viable choice for those in need of personal and professional financing. This is because leading peer-to-peering lenders like Prosper advertise rates for scores below 640; even those in poorer conditions can find opportunities to request a loan.