What are the minimum credit requirements to receive a loan?

Borrowers on Upstart must have a minimum FICO or Vantage score of 600 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 If this occurs, your loan approval will be withdrawn.

Meets the minimum debt to income requirement that total monthly debt payments listed each of the consumer’s credit report(s) not including rent or mortgage must not exceed (i) 45% if the applicant resides in Connecticut, Maryland, New York or Vermont, and (ii) 50% in all other  states, of projected pre-tax income except that such requirement will not apply to applicants that have been accepted to one of our partner institutions that provides vocational training; 

No bankruptcies on any of their consumer reports within the last 12 months;

No public records on any of their consumer reports within the last 12 months, unless the public records consist only of paid civil judgments or paid tax liens;

You must also not have on your report any accounts that are currently delinquent.

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.

Your credit score may 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, the credit score Upstart receives may be different from the one reported by your credit monitoring services in the event that a credit monitoring service is reporting a score from a different bureau or different scoring method.

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.

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