Online Loans in Wisconsin

At Acorn Finance, we love the idea of using a personal loan for home improvements, but also love that there are so many other uses for a personal loan. Here are some uses for a personal loan:

• Tractor financing
• Landscaping business loan
• Snowmobile loans
• Kitchen cabinet financing
• Log cabin financing

Our financial partners do not have spending restrictions so you can choose how to use your personal loan in Wisconsin. 

Personal loans are a type of loan. While are usually offered as an unsecured installment loan, they can be marketed other way, including:

• Debt consolidation loan
• Home improvement loan
• Emergency loan
• Credit builder loan

Additionally, in some cases, they may be secured. In terms of what it takes to get approved for a loan, this will largely depend on how much you need to borrow, for how long, and how much risk you pose to a lender. To find out what you can be approved for, you'll need to start by checking offers. 

Personal loans in Wisconsin are available up to $100,000, depending on credit score. Not all lenders will offer amounts up to $100,000, as most have their own maximum loan amount they can offer to qualified borrowers. 

Finding the best personal loan rates will likely require a comparison of offers you qualify for. As you undergo your search, be mindful of the lender you choose to do business with as well. Choosing the wrong lender, or one that's hard to deal with, can be costly. Furthermore, consider fees and restrictions the loan may come with. What we're getting at here - is there is more than just the rate that makes an offer, "the best," offer. 

Here are 4 steps you can take to prepare to receive the best personal loan rates. 

#1. Check your credit score

Knowing what your credit score is can help you prepare for the types of offers you might return. If possible, work to boost your credit score before applying. Offers will be more likely to be returned for borrowers with fair, good, average, or excellent credit. Most lenders on the Acorn Finance platform have a credit score cutoff of 600 or above.

#2. Gather documentation

During the approval process, lenders may ask for proof of income, residency, and or identification. Gathering these documents ahead of time can help the process go smoother. It can also provide you with information such as how long you've lived or worked somewhere, or how much your actual gross income is. This can help you complete your application as accurately as possible. 

#3. Check rates

When ready, head to Acorn Finance to get prequalified and check rates with no credit impact. In seconds, you can receive personalized offers up to $100,000, depending on your credit score. With a network of lending partners, your chance of qualifying is greater than just applying to one lender at a time. 

As you may know, credit score can influence the decision of a lender. Ultimately, offers will be more likely to be returned for borrowers with fair, good, average, or excellent credit. Most lenders on the Acorn Finance platform have a credit score cutoff of 600 or above. With that being said, our financial partner Upgrade has a lower requirement of only 560. 

Because we keep it real, we do want to mention that credit score is likely not the only requirement you need to meet. If you have bad credit, you should consider learning more about credit scores and work to improve yours before applying. 

1. Get prequalified: The first step toward getting a personal loan is to get pre-qualified. At this stage you can compare offers too. Getting prequalified does not mean agreeing to a loan, but rather receiving an offer. 
2. Accept the loan offer: When you're ready to take the next step, proceed with the lender that extended you the best offer. 
3. Finalize your application: The lender will need to verify the information you submitted, otherwise known as the underwriting process. At this stage you may be asked for more information and or supporting documentation. If the lender finds any discrepancies or information that was not disclosed, they could revoke the offer.
4. Approval: After the underwriting process is done, the lender can generate an approval if all goes well. Once approved, you can finalize the loan and receive funds. 
5. Receive funds: Once approved, you can enter the final agreement and receive funds. Funds can be received in as little as 1-2 business days, although funding time can vary.

Ready to get pre-qualified? Visit Acorn Finance today. 

Approval times should be taken into consideration, especially if you need funds quickly. You should also note that there are different stages of the personal loan process that can impact the amount of time to get approved. First, you'll need to get prequalified and accept an offer. Next, you'll need to undergo the underwriting process. And, finally, you'll arrive at the approval. Both you and the lender can play a role in how fast or slow the process moves. At Acorn Finance, you can get prequalified in seconds and once approved, you can receive funds in as little as 1-2 business days, although funding times can vary.