NetCredit offers two financial products - a personal loan or a line of credit. The former can help you pay for car repairs, bills and even debt consolidation. There is no minimum credit score requirement, implying that those with less satisfactory credit standing can be approved, depending on NetCredit's evaluation.

NetCredit offers unsecured personal loans up to $10,000 with term lengths that range from six months all the way up to 60 months.

If you have a credit score below 580 you're considered to have “poor” or “bad” credit, which limits your financing options even more. However, there are credit cards for anyone with less-than-perfect credit.

If eligible, once you select and sign your agreement, you'll typically receive a final decision within the same business day. Depending on whether we need to verify additional information, it could take up to three business days.

If eligible, once you select and sign your agreement, you'll typically receive a final decision within the same business day. Depending on whether we need to verify additional information, it could take up to three business days.

NetCredit will even offer loans to people with bad credit, as long as they have enough income to make the payments, yet approval is never guaranteed.

If you have a 580 or higher credit score you may qualify for a $5,000 personal loan. If you have bad credit or a credit score below 580 you may need to apply with a co-signer to qualify for a loan. Applying with a cosigner can increase your chance of approval while helping you lock in a lower rate.

A 550 credit score is considered poor and can significantly limit your access to credit and financial opportunities. However, by taking proactive steps to improve your credit score, you can increase your chances of securing better interest rates, loan terms, and credit limits.

Though it may be more challenging to find a lender that's willing to work with you, it is indeed possible to obtain a loan with a credit score of 550. Most lenders require a minimum credit score of between 600 and 650, but some lenders specialize in personal loans for those with lower scores.

600 or above What credit score do I need for a $5,000 personal loan? You will likely need a credit score of 600 or above to qualify for a $5,000 personal loan. Most lenders that offer personal loans of $5,000 or more require bad credit or better for approval, along with enough income to afford the monthly payments.

Once you have applied for the loan, you can visit the lender's website to check your loan status. After loan approval, your loan amount will be disbursed within a few hours to your bank account.

"The loan approval process can vary greatly based on the type of lender you choose and how much information you provide on your application, but generally you can be approved for a loan at a community bank within a day and, in some cases, within minutes or hours of submitting a completed application," says Kathryn G.