What are the minimum credit requirements to receive a loan?

Borrowers on Upstart must have a minimum FICO score of 620 as reported by a consumer reporting agency. Note, we do accept applicants with insufficient credit history to produce a FICO score.

In addition, there cannot be any material adverse change in your credit report from the time the loan was offered to you and your funding. Material changes include significant drops in your credit score or additional debt obligations. If this occurs, your loan approval will be withdrawn.

We also check to see how much debt you have in comparison to the income you receive.

You must not have any bankruptcies, or public records on your report.

You must also not have on your report any accounts that are currently in collections or delinquent; have amounts that are currently past due; or have accounts that, in the last three years, have been moved to collections or partially or wholly charged-off unless they are below certain thresholds.

You must have fewer than 6 inquiries on your credit report in the last 6 months, not including any inquiries related to student loans, vehicle loans, or mortgages.

A FICO (Fair Isaac Corporation) credit score is a grade used to help people make decisions about their finances and credit-worthiness faster and more objectively. There are 3 major credit reporting agencies: Experian, Equifax, and Transunion. Each agency reviews your financial history and compiles your credit report. A credit report is a complete history of your credit lines, loans, payments, and shows who has checked your score recently. Agencies use this full credit report to calculate and assign you a credit score, which is commonly referred to as your FICO score. Credit scores range from 501 to 990. The national average score is around 692.

Your FICO will vary slightly between agencies, but any major differences may indicate an error or misconduct, so it is important to get in the habit of checking your credit score at each agency.

Additionally, your credit score may be different than your credit monitoring service. The scores may be different because the credit monitoring company may be using different credit systems to determine the credit score. For example, the Transunion monitoring system uses the Vantage Score 2.0 credit system while Upstart pulls the Transunion FICO '08 score. The range for FICO is 300-850 while Vantage is 501-990. To better understand your credit score, please contact Transunion.

If you believe there are errors on your credit report, please contact TransUnion.

Name: TransUnion


Address: P.O. Box 2000, Chester, PA. 19022


Telephone number: 1-800-916-8800

The information above relates to borrowers publishing on our platform on or after April 23, 2014.

Was this article helpful?

Can’t find what you’re looking for?

Our award-winning customer care team is here for you.