The 5 Best Bad Credit Loans

The 5 Best Bad Credit Loans 1

Bad credit loans typically offer loan amounts between $1,000 and $50,000 depending on the lender. Here are some additional things to consider about bad credit loans:

  • Interest Rates: Bad credit loans often come with higher Annual Percentage Rates (APR) than traditional loans.
  • Loan Terms: You may have fewer repayment options with a bad credit loan.
  • Co-signer: Some lenders may require a co-signer with good credit to approve a bad credit loan.

It’s important to shop around and compare rates from different lenders before applying for a bad credit loan. Be sure you understand the terms of the loan before you agree to them.

Getting a personal loan with bad credit (FICO score of 350 to 579) can be challenging. You might need a co-signer to qualify. However, some lenders approve borrowers with fair credit scores (580 to 669) and offer loans even if your score isn’t perfect.

Keep in mind that interest rates on personal loans for bad credit are usually higher than those for borrowers with good credit. So, while you may get approved, you’ll likely pay more in interest.

Getting a personal loan with bad credit can be challenging, but it’s not impossible. Here’s a breakdown of what you can expect:

  • Below 580 credit score: You’ll likely need a co-signer to qualify for a loan. A co-signer is someone with good credit who agrees to repay the loan if you can’t.
  • 580-669 credit score: Some lenders may approve you for a loan on their own, but you’ll probably face higher interest rates and less favorable terms compared to someone with a good credit score.

The key takeaway is that interest rates on personal loans depend on your credit score. The lower your score, the more you’ll pay in interest.

Here are some additional tips for getting a personal loan with bad credit:

  • Shop around: Compare rates from different lenders to find the best deal.
  • Consider a secured loan: Secured loans use collateral, like a car or savings account, to guarantee the loan. They often come with lower interest rates.
  • Build your credit: Work on improving your credit score before applying for a loan. This could involve paying down debt, making payments on time, and avoiding new debt.

By following these tips, you can increase your chances of getting approved for a personal loan with bad credit and secure a loan with favorable terms.

01. Best Overall: Low Credit Finance

The 5 Best Bad Credit Loans 2

Rating: 4.5 out of 5.

4.5 out of 5 star Ratings

Low Credit Finance: Best for quick funding

  • Minimum credit requirement: 580
  • APR: APR Rates Range From 5.99% to 35.99% Maximum APR for qualified consumers
  • Terms: 12 to 60 months
  • All Credit Types Welcome.
  • Same Day Instant Decisions With Cash Sent In 60 Minutes.
  • Repay On Terms That Suit You.
  • Personal loans up to $50,000
  • No paperwork, no hidden fees
  • Almost instant online lending decision
  • Large network of lenders & alternative options

02. Best Runner Up: Viva Payday Loans

The 5 Best Bad Credit Loans 3

Rating: 4.5 out of 5.

4.6 out of 5 Ratings

  • APR: 5.99% – 35.99%
  • No upfront fees or costs
  • BORROW $100 – $5,000 OVER 2 – 24 MONTHS

Eligibility: If you meet the below criteria you’re eligible to apply now.

  • Over 18 years old
  • Receive a regular monthly income of more than $1,000
  • Have a permanent address
  • Valid checking or savings account with direct deposit

Instant Online Payday Loans Bad Credit

Back in the day, bad credit was a financial death sentence to borrowers – it meant no loan for you, no matter what you said to state your case. Nowadays, bad credit is a hiccup along the way, but it doesn’t mean you can’t get the loan you want and need.

In fact, many lenders readily help borrowers with a less than ideal credit score and assist those who have no credit history to speak of. If a traditional bank has denied your application or you have received a rejection from another online platform, you may very well have better luck with us. Of course, it doesn’t really come down to luck, just like it doesn’t come down to your credit score. What it really comes down to is whether or not you can afford to pay the requested instant loan and if you’re able to meet the other requirements.

Viva Payday Loans allows customers in the United States to have quick and easy access to the market of payday loans direct lenders only. Simply fill in your information, and we’ll do the rest of the work for you. Requests take 2 minutes, and a decision is provided instantly. Register today.*Decisions made by the lender are subject to credit and affordability checks

Payday Loans Online – Quick Payday Loans USA With Instant Decisions

If you’ve been looking for a platform that offers the opportunity to apply for a loan with top lenders with just one application, now you’ve found it – you’ve arrived! We’re in the business of making financial dreams come true at Viva Payday Loans, and you’re about to find out just how we do that when you apply for a loan using our quick and easy online application process.

Loans at Viva Payday Loans are:

  • Between $100 and $5,000
  • Paid back over 2 to 24 months
  • Come with interest rates of 5.99% to 35.99%

At Viva Payday Loans, the lenders we work with provide loan deals designed for everyday Americans. So whether you’re in search of a few hundred bucks to get you to your next paycheck or something more substantial so you can buy your darling an engagement ring that urges a resounding “yes!” you can get the funding you need right here at Viva Payday Loans. We’ve got instant online payday loans for all needs, occasions, and budgets, and what’s more, is that they’re available with a few simple clicks!

03. Best 2nd Runner Up: Heart Paydays

The 5 Best Bad Credit Loans 4

Rating: 4.5 out of 5.

4.6 out of 5 Ratings

*APR: 5.99% – 35.99%

Eligibility: If you meet the below criteria you’re eligible to apply now.

  • Over 18 years old
  • Receive a regular monthly income of more than $1,000
  • Have a permanent address
  • Valid checking or savings account with direct deposit

Guaranteed Installment Loans For Bad Credit

In some cases, the significantly less risky method of acquiring a loan despite having a bad or no credit score is known as an installment loan or payday loan. It could be seen as a temporary financial fix for individuals who need to borrow some money even though their credit score is too low or when they have a poor credit history. All that you need to be careful about is ensure that the installment loan provider is a trustworthy one. Applying for guaranteed installment loans for bad credit is an extremely easy process.

How much amount and for how long?

Heart Paydays works with lenders which provide loan plans with amounts ranging from $100 to $5000 for up to 24 mounts. The loan amount and payment duration depend on the lender’s policy on the type of loan you want.

Examples of Guaranteed Installment Loans:

Bad credit guaranteed installment loans with cosigner

An approach to get a low interest rate on your installment loans is to get a cosigner. You could try getting a cosigner instead who has a good credit score and favorable credit history for your bad credit guaranteed installment loan.

All you have to do is find and approach a qualified co-signer so that the lender would set the loan terms based on the individual with a better credit score.

Bad credit guaranteed installment loans direct lenders

Direct lenders who often approve bad credit guaranteed installment loans are also known as Peer-to-Peer lending. In P2P lending, an individual with a bad credit score can acquire an installment loan directly from another individual or a group than from an institution.

To request a loan from direct lenders, borrowers post a listing online on P2P websites mentioning the amount needed and their reasons for borrowing.

Features of Guaranteed Installment Loans

Being the most popular loan options out there, people choose guaranteed installment loans due to the following features;

  1. Flexible terms

Installment loans are perhaps one of the most flexible loan options out there for individuals with bad credit scores. Its flexibility depends on the online lender you choose to borrow money from.

  1. Loan amount

The amount available for eligible borrowers to opt for through direct lending is $500 to $1000 at a time. This range is also comparatively easy to repay including the interests and other fees if applicable.

  1. Fees

Getting an installment loan online through direct lenders is a great idea because no prepayment fees are involved. Apart from penalties, people save a lot on fees via installment loans.

04. Best Online Loans: Big Bucks Loans

The 5 Best Bad Credit Loans 5

Rating: 4.5 out of 5.

4.5 out of 5 Ratings

Eligibility: If you meet the below criteria you’re eligible to apply now.

  • Over 18 years old
  • Receive a regular monthly income of more than $1,000
  • Have a permanent address
  • Valid checking or savings account with direct deposit

 From $100 – $5000
 All FICO scores welcome
 Funds transfered within 15 minutes*
 No footprint left on your credit file*
 9/10 customers approved every day*

Big Buck Loans offers borrowers access to a range of loans to borrow money, starting from $100 and going up to $5000. You’ll make the whole last-minute “I need money now” thought process a thing of the past when you discover how quick and easy it is to get a loan and borrow money instantly via the Big Buck Loans platform. With interest ranging from 5.99% to 35.99% and 3 to 24 months to pay, Big Buck Loans is the best place to process an online app to borrow money.

How Much Does the Big Buck Loans Borrow Money App Cost?

The good news is that when you borrow money via the Big Buck Loans portal, the loan-matching service provided won’t cost you a thing. That’s a pretty good trade-off if you think about it. You get access to the online borrow money app website and stand to save time and money, without being charged for the service!

Application Process to Borrow Money

The application process is 100% online, meaning there’s no calling, no faxing, or paperwork involved. Instead, simply process the entire application online.

05. Credit Clock

The 5 Best Bad Credit Loans 6

Rating: 4.5 out of 5.

4.4 out of 5 Ratings

Eligibility: If you meet the below criteria you’re eligible to apply now.

  • Over 18 years old
  • Receive a regular monthly income of more than $1,000
  • Have a permanent address
  • Valid checking or savings account with direct deposit

Interest Rates Ranging From 5.99% To 35.99%

While tribal loans generally come with sky-high interest rates, when you shop Credit Clock’s alternative same day loan options, you can enjoy more reasonable interest rates between 5.99% to 35.99%. While interest rates may seem like an afterthought when you’re desperate for cash in a hurry, they shouldn’t be. The interest rate that you agree to will affect your entire loan period and determine whether or not the loan is affordable to you. If you jump into a loan agreement without considering how high the interest rate is, you could find yourself overindebted. It is best to seek out the lowest possible interest rates – and you will find that many of the lenders you encounter are willing to be competitive with their interest rates.

Tribal Loans For Bad Credit

Having bad credit can be nerve-wracking, to say the least. Every time you want to open a store account, apply for credit, or even apply for tribal loans online, fear is struck into your heart and mind because you worry your credit score will be used against you. And it’s true, most banks and lenders deny loans based on credit score, but it doesn’t mean that every bad credit borrower can never get financial aid.

When you have a less than perfect credit score, you may find yourself tempted to find easy tribal loans for bad credit. And the good news is that you can find all kinds of loans via the Credit Clock website. Tribal payday loans for bad credit borrowers are available, but keep in mind that you must still meet the eligibility criteria and be able to afford the loan.  Lenders will take into consideration your current financial situation, your salary, and of course, your monthly expenses when considering your loan application. Tribal loans for bad credit may seem easier to apply for, but always check the offered interest rate and ensure that you can afford the monthly installments.

As a bad credit borrower, the last thing you want is to end up with a debt cycle you just can’t get out of. It’s an excellent idea to sit down with your budget to determine what you can realistically afford each month before you make your loan application. On the Credit Clock website, you can select the loan amount you want and then use the slider to select a repayment schedule. This will give an estimation of the monthly installment to be expected, which can help you with planning/budgeting.

Quick And Easy Online Applications

Nobody wants to spend hours or days trying to secure a loan. In fact, that is inconvenient, as most often cash is required immediately, but it’s also frustrating. Gone are the days when loan applications meant a dedicated trip down to the loan office or local bank. Nowadays, tribal loans online are quick and easier to get. You can do everything online and within just a few moments. You simply need to have an internet-connected device (laptop, mobile phone, iPad, or desktop computer) to access the portal. You can then apply for a cash loan online without leaving the comfort of your home or office. What’s more, it takes just a few minutes from initial application to loan outcome, so there’s no need to worry about wasting hours of your day to settle it all. A quick and easy online application is the order of the day when shopping for any type of loan at

Six Months To Pay

How long do you need to repay a loan? One month? Three months? Of course, it depends on how much money you plan to borrow and your current financial situation. For instance, CreditClock’s supported lenders typically offer up to 6 months to pay. If you cannot afford to repay $5000 plus 35.99% interest over six months, you should apply for a smaller loan amount that’s more realistic for you to repay. With small loans and tribal loan amounts ranging from $100 to $5000 with 2 to 6 months to pay, there’s flexibility to get the loan amount you need and get sufficient time to repay it.


Here are some important things to consider when choosing a bad credit loan:

  • Interest rates: Bad credit loans typically come with higher interest rates than loans for borrowers with good credit. Be sure to compare rates from multiple lenders before you decide on a loan.
  • Fees: Some lenders charge origination fees, prepayment penalties, and other fees. Be sure to factor these fees into your overall loan cost.
  • Repayment terms: The longer the repayment term, the lower your monthly payment will be. However, you will also end up paying more interest over the life of the loan.
  • Your credit situation: The best loan for you will depend on your specific credit situation. Consider your credit score, income, and expenses when comparing loan options.

It’s important to shop around and compare rates and terms from multiple lenders before you decide on a bad credit loan. You can also consider building your credit score before you apply for a loan. This can help you qualify for a lower interest rate.

Here’s how you can apply for bad credit loans:

Before you apply:

  • Check your credit score: Knowing your credit score will help you understand which lenders you might qualify with. You can get free credit reports from [Annual Credit Report, a website by the Federal Trade Commission (.gov)]
  • Consider alternatives: Bad credit loans typically come with high-interest rates. Explore all options like credit unions or loans from friends or family before applying for a bad credit loan.

Applying for a bad credit loan:

  • Shop around: Don’t settle for the first offer. Compare rates and terms from different lenders like banks, online lenders, and credit unions.
  • Look for lenders with alternative credit scoring: Some lenders consider factors beyond your credit score when assessing your application, like your job history and education.
  • Prequalify for loans: Prequalification allows you to see if you’re likely to be approved for a loan and what rates you might be eligible for, without affecting your credit score.
  • Submit an application: Once you’ve chosen a lender, gather the required documents and submit your application.

Be cautious:

  • Avoid payday loans: These loans often come with very high-interest rates and fees, and can trap you in a cycle of debt.
  • Read the loan agreement carefully: Understand all the terms and conditions before signing anything.

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