Eligibility
Who we lend to
Most US adults with steady income + 580+ FICO can pre-qualify. Here are the actual requirements.
Hard requirements
What you need to qualify
FICO 580+
Minimum credit score. We pull from Experian. If you don’t know your score, the soft pull during pre-qualification will tell you.
Verifiable income
Minimum $30,000/year, verified. W-2, 1099, or self-employment all eligible. Unemployment income, alimony, and child support don’t count.
US citizen or permanent resident
Plus a valid Social Security number. We don’t lend to non-residents or temporary visa holders.
18+ years old
21+ in Alabama and Puerto Rico. Standard adult-borrower requirement.
US checking account
In your name. ACH-eligible. We don’t fund to business accounts, prepaid cards, or savings-only accounts.
Phone + email
Both verified during application via OTP. Used only for loan-related communication.
State availability
Where we lend
We currently lend in 47 states. Pre-qualification will tell you immediately if your state is supported.
Currently not lending in
- · Iowa — pending state license renewal
- · West Virginia — usury rate caps don’t fit our pricing
- · Vermont — coming Q3 2026
State licensing changes regularly. Pre-qualification is the most accurate check.
Things that help
What gets you better rates
FICO 740+
Best rates start at 7.99% APR. If you’re close, sometimes paying down a credit-card balance for a month before applying gets you over the line.
Debt-to-income under 35%
Your monthly debt payments divided by gross income. Lower DTI = more borrowing capacity, better rate.
2+ years at same employer
Income stability matters. Recent job changes don’t disqualify but get more underwriting attention.
No recent late payments
30+ day delinquencies in the past 12 months are the #1 reason we deny otherwise-qualified applications.
Existing checking account 1+ year
Banking history matters. New checking accounts (under 90 days) get extra verification.
Prior Crescent customer in good standing
Repeat-customer loans get priority underwriting + a 0.25% relationship discount.
Eligibility questions
What people ask
- Maybe. 580+ is the floor, but approval at the lower tiers depends on income, DTI, and recent credit history. Pre-qualification will tell you in 60 seconds without any credit hit.