If you already have a personal loan with Best Egg and it’s in good standing, you’re allowed to take out another one as long as you’re not borrowing a total of more than $50,000 between the two loans.
In order to take out a second loan, the first loan also has to have been open for at least six months.
Can I have two best egg loans?
You can have two open Best Egg loans at any given time. In order to be eligible for an additional Best Egg loan, your first loan must be open for at least six months, and the combined balances cannot exceed $50,000. We currently do not offer refinancing on existing loans.
Can you get another loan if you already have one?
The chances of getting a second payday loan before paying off the first one is very low. Lenders can see that you already have a loan and will not approve you for another. A payday lender can get you cash quickly, usually $500 or less, without much hassle or a credit check.
Are best egg loans legit?
The loans can be used for debt consolidation, home improvement and most other expenses. Best Egg may be a good fit for you if: You have good credit and several years of credit history. The minimum required credit score is 640, but Best Egg’s borrowers have an average score of 700.
Does a best egg Loan hurt your credit?
However, if your credit isn’t quite as good as you’d like or if you don’t qualify for a bank loan, Best Egg is a great option to consolidate debt or make larger purchases. *Soft credit pulls do not generally affect your credit score or report but many soft pulls in a short period of time can have an effect.
Photo in the article by “Whizzers’s Place”