Acorn Finance is an online lending marketplace where you can easily compare rates and monthly payments from different lenders without impacting your credit score. Anyone can check for offers on Acorn Finance.
However, each lender that participates on the Acorn marketplace has a specific set of credit requirements that helps them determine, based on risk, who to lend money to. These requirements typically include your credit score, employment status, income, credit history, and debt-to-income ratio.
Generally speaking, the minimum credit score our lenders consider is around 560. They also look at other information from your credit report to determine your eligibility for a loan. For example, if you have a recent bankruptcy filing or have missed payments on loans or credit cards within the past few years, the lenders may not provide offers.
If your credit history is challenged, you may add a co-borrower (like a parent or spouse) with a stronger score to help.