High-income Personal Loans for Bad Credit

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Checking offers will not impact your credit score*

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Funding up to $100,000 and APRs as low as 3.99%*

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Get Loans for Bad Credit and High Income

Bad credit high income loans are easier to qualify for compared to bad credit low income loans. While it’s still a greater risk to loan money to a bad credit borrower, high income can encourage a lender to approve the loan. At the very least, they can justify the decision by showing that you have enough income to cover living expenses and monthly payments.

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How To Apply For High-income Personal Loans for Bad Credit

1 Pre-qualify

Fill out easy online form to check for pre-qualified offers with no impact to your credit score

2 Select offer

Compare terms and payment options to select offer that’s best for you

3 Finish application

Complete application process on your selected lender’s website*

4 Receive funding

After loan approval, your funds should arrive within 1-2 business days*


“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”


- Mike T. (TN)

“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”


- Carol R (FL)

“I like the easy online and 100% paperless experience of Acorn Finance. I received my money two days after completing my application.”


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Learn More About High-income Personal Loans for Bad Credit

It’s fairly common for individuals to have a high income but a bad or poor credit score. There can be a lot of different reasons for this. Someone may have had a job that didn’t pay well, which resulted in credit issues but then found a high-paying job. Other people may have been laid off, and it took some time to find a comparable position. Still, others may have had significant life events that caused credit problems like health issues. Your credit score will still have a considerable impact on your ability to borrow regardless of whether or not you are a high-income earner. Keep reading to learn more about loans for bad credit and high income.

Read more - FAQ

What qualifies as a high-earner?

Several factors will determine whether you are a high earner. The amount you earn is a significant consideration for lenders considering you for a loan. Some items that are looked at when considering income are the number of people in the household, the person’s location, education, and marital status. In 2019, a household of three with an income between $106,827-$373,894 was considered a high-income household. An income like that will go farther in areas where housing is not expensive compared to regions with hot housing markets. Having more than one person who can or does contribute to the household earnings is advantageous too. Finally, having a good education can allow people to increase their income as they may have more opportunities to progress in their careers.

Can I get a loan based on my income?

Some lenders will fund income-based loans. If you need a bad credit high-income loan, this can be a good choice for you. Income-based loans can work for people who have limited or no credit history. Lenders who fund income-based loans put a greater emphasis on the borrower’s ability to repay the loan with their cash flow. They are not as concerned with your credit history. Generally, they are looking forward to seeing what the borrower can do instead of looking in the past to see what the borrower did with past credit.

How are income-based loans different from standard personal loans?

Income-based loans put less emphasis on the borrower’s credit history. They are somewhat more likely to overlook bad credit. Having no credit or very little credit is also less important to lenders who do income-based loans. To qualify, borrowers usually need to provide proof of income. The lender will only do a soft credit check that won’t impact the borrower’s credit score or may not check your credit. Income-based loans can be unsecured or secured. If the borrower uses an asset to secure the loan, the lender’s risk is reduced. The lender will take the asset to settle the debt if the borrower does not repay the loan. If the loan is not secured, the lender has a higher level of risk and will charge a higher rate. Rates can be much higher than personal loans that are not income-based.

How do I qualify for a large personal loan?

Well, it depends on what is meant by large. Some lenders will fund unsecured personal loans for up to $100,000. Generally, you will need a credit score of at least 720 or higher and enough income to support the payments. However, other factors such as debt-to-income ratio may also play a role in whether you qualify or not. At Acorn Finance you can check personal loan offers up to $100,000 without impacting your credit score. This can be a smart way to get pre-qualified and compare offers all in one step. Most lenders will require borrowers to submit an application to get pre-qualified for a loan. Pre-qualifications may be contingent upon supporting documents.

Can you get a personal loan with a credit score of 550?

The amount you qualify for with a credit score of 550 will depend on the lender. Avant considers borrowers with a credit score of 550 for loans up to $35,000. OneMain doesn’t have a minimum credit score and will lend up to $20,000. The rates for these loans can be as high as 35.99%, which can make your interest costs really expensive.

If you are a high-income low credit score borrower, you can always apply for an income based loan. But, first, you need to see how much you can borrow based on your income to determine whether the loan amount meets your needs.

What is the maximum personal loan you can get?

Most personal loans do not exceed $100,000. The maximum loan amount can vary depending on the lender. Keep in mind that just because a lender offers a maximum loan amount, does not mean you will qualify, even if you have good credit.

Do personal loans verify income?

Some lenders will verify income, and some won’t. It depends on how much you are applying for and your credit rating in most cases. While you may be able to get pre-qualified without providing proof of income, you may need to submit proof of income to get pre-approved. Due to uncertain economic times, lenders have become more strict about requiring proof of income rather than stated income.

How much of a loan can I get with $100,000 income but bad credit?

If you have high income, bad credit, and need a personal loan, the amount you qualify for will depend on several things. The first thing is how bad is bad? If you have a credit score of 550, we have seen that there are lenders who will lend up to $35,000. If your credit score is lower than that, the amount you qualify for will likely be lower too. Your credit score isn’t the only thing lenders look at. While your income might be high, lenders have a maximum debt-to-income ratio. Your debts cannot exceed this maximum ratio. If you are already close to it, you will probably not qualify for more credit. Truly, the only way to determine what you qualify for is to apply or check offers. Lenders can follow their own requirements to determine how much a borrower qualifies for.

Which lenders are best for high-income borrowers?

There are a lot of top lenders who provide loans to high-income borrowers. Different lenders have different processes to qualify a borrower, and income is only one of the things they look at. Some of the best lenders that provide a low rate and amounts up to $100,000 are Sofi and Lightstream. Sofi requires a minimum credit score of 680, while Lightstream has a minimum credit score of 660. If you have a poor credit score, consider Upgrade. They fund loans up to $35,000 and have a credit score requirement of 580. To check and compare offers, visit Acorn Finance. You can access offers from SoFi, Lightstream, Upgrade, and other top national lenders without impacting your credit score.

Closing Thoughts

A high income can be an advantage if you need to borrow money. However, most lenders base their credit decisions on other things too. Ideally, a borrower has high income and a good credit score. If your credit score is bad but your income is high, this should help you qualify. In addition, it would help if you were not so indebted that your debt-to-income ratio exceeds 43%. Whether it will make financial sense to take out the loan, that is up to you to decide. Individuals with bad credit are always encouraged to rebuild their credit. In some cases, borrowing money may be part of your plan for rebuilding credit. Every financial decision that you make deserves careful attention and a plan. Before taking out a personal loan, you should compare offers at Acorn Finance.


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