When financial hiccups make an appearance in your life, and you can’t rely on savings or family members for a cash boost, bad credit loans can save the day. In fact, millions of Americans have already applied for and received bad credit loans in the last decade, and more will in the decades to come. With a good understanding of how valuable bad credit loans are to those who require them, we’ve pieced together our editor’s pick of top bad credit loans providers in the USA.
Best Bad Credit Loans – Quick Overview
- Low Credit Finance: Overall Best for Loans with Bad Credit
- Viva Payday Loans: Best for Car Loans for Bad Credit
- Big Buck Loans: Best for Installment Loans for Bad Credit with Quick Turnaround
- Heart Paydays: Best for Bad Credit Car Loans for Unemployed Individuals
- Green Dollar Loans: Best for 100% Online and Discreet Personal Loans Bad Credit
Best Loans For Bad Credit Guaranteed Approval of 2022
1. Low Credit Finance: Overall Best for Loans with Bad Credit
When it comes to an all-round good experience when applying for loans with bad credit, Low Credit Finance outshines the rest. On investigating the loan-finder platform, we discovered that borrowers can apply for loans with bad credit in a matter of minutes. The application form requires only basic information, and once submitted, feedback is provided within two minutes.
Flexible loan amounts and terms seem to be the order of the day at Low Credit Finance! Borrowers can apply for loans with bad credit ranging from $100 to $5000 with 3 to 24 months to pay. Interest is standard for the industry, starting at 5.99% and going up to 35.99%.
With such flexibility, easy processing, and transparency, Low Credit Finance is our number one pick for loan-finders helping borrowers access loans with bad credit with minimal hassle and red-tape involved.
Eligibility Requirements for Loans with Bad Credit
- Earnings of at least $1000 per month
- 18+ years to apply
- Valid social security number
Pros of Loans with Bad Credit
- Very quick and easy online application process
- Manage the entire process online, from application to payout
- Reputable lenders on the Low Credit Finance panel
Cons of Loans with Bad Credit
- Some lenders charge high interest rates.
2. Viva Payday Loans: Best for Car Loans for Bad Credit
Second on our list is Viva Payday Loans, a loan-finder platform that connects borrowers with lenders offering car loans for bad credit to the market. Of course, while the platform’s car loans for bad credit borrowers stand out to us, it’s not the only type of loan you can find on the Viva Payday Loans platform. Here you can find loans for self-employed, students, and even people with excellent credit too.
The biggest drawcards at Viva Payday Loans are the flexible loan amounts and terms and, of course, the convenience of being able to handle the entire process online. Car loans for bad credit and other loan types available range from $100 to $5000 with up to 2 years to pay. And interest, which can go as high as 35.99%, starts from as low as 5.99%.
When determining whether a borrower is suitable for car loans for bad credit, the lender will conduct an affordability assessment and ensure that the borrower meets certain mitigating criteria.
Eligibility Requirements for Car Loans for Bad Credit
- USA bank account with direct deposit
- Legal resident/citizen of the USA
- At least 18 years old and earning $1000 per month
Pros of Car Loans for Bad Credit
- Car loans for bad credit plus many other loan types available
- Low credit, bad credit, and no credit borrowers welcome
- Loans processed quickly
Cons of Car Loans for Bad Credit
- Interest can be as high as 35.99%.
3. Big Buck Loans: Best for Installment Loans for Bad Credit with Quick Turnaround
Big Buck Loans stands out for a fast turnaround on installment loans for bad credit. Speedy processing is at the heart of the Big Buck Loans business model, with lenders on the panel processing loan applications on the same day and paying out approved loans quite quickly. Applying for a loan via Big Buck Loans takes just a few moments, and once you’ve submitted the application form, it takes just 2 minutes to get the required feedback.
With interest ranging from 5.99% to 35.99%, it’s safe to say that the APRs are high, but not outrageous on the platform’s installment loans for bad credit. For most borrowers, the loan amounts and terms are important – and we, too, found these interesting at Big Buck Loans.
For those who need just a few bucks, the installment loans for bad credit start as small as $100, but for those who need a lot more, they go up to $5000 with 3 to 24 months to pay.
Eligibility Requirements for Installment Loans for Bad Credit with Quick Turnaround
- Applicants must be over 18
- Valid ID is required
- Earnings of at least $1000 per month must be demonstrated
Pros of Installment Loans for Bad Credit with Quick Turnaround
- Quick loan processing
- Up to 24 months to pay
- Up to $5000 available
Cons of Installment Loans for Bad Credit with Quick Turnaround
- High APRs to consider.
4. Heart Paydays: Best for Bad Credit Car Loans for Unemployed Individuals
Heart Paydays is a loan-finder platform best known for its bad credit car loans for unemployed individuals. This means you can get a loan to buy a car, even if you aren’t formally employed. What’s the catch? Borrowers must still have an income, even if it’s not through a traditional job. If you earn monthly money from royalties, dividends, rental properties, freelancing, or similar, you can get your hands on bad credit car loans with minimal hassle with Heart Paydays’ help.
There’s a quick and easy application process for bad credit car loans on the Heart Paydays site. And what’s more, is that you can apply for all kinds of loans in addition to car loans. These include secured loans, unsecured loans, student loans, unemployed loans, and so on. Once you receive the lump sum payout, you can use the cash to pay for anything you like.
You can borrow $100 to $5000 via Heart Paydays and get 3 to 24 months to pay with interest between 5.99% to 35.99%.
Eligibility Requirements for Bad Credit Car Loans for Unemployed Individuals
- Over 18s only
- Earning $1000+ per month
- Legal US citizen/resident
Pros of Bad Credit Car Loans for Unemployed Individuals
- Up to 24 months to pay
- Unemployed and bad credit borrowers welcome
- Simple eligibility criteria
Cons of Bad Credit Car Loans for Unemployed Individuals
- Higher than average interest rates
5. Green Dollar Loans: Best for 100% Online and Discreet Personal Loans Bad Credit
Green Dollar Loans is another loan-finder that stands out from the crowd, especially for their 100% online and discrete personal loans bad credit application process. This means no standing in queues, no lengthy phone calls, and no need to send faxes or deal with physical paperwork.
Applying via the online application form on the Green Dollar Loans website will take just a few minutes of your time. Once submitted, it takes just two minutes to find out if a lender can possibly assist you with personal loans bad credit. And if they can, the rest of the process, which is done directly with the lender, is quick and hassle free.
You can loan any amount from $100 to $5000 with Green Dollar Loans, with their panel of lenders offering interest rates between 5.99% and 35.99% on personal loans bad credit. Repayment periods range from 3 to 24 months.
Eligibility Requirements for 100% Online and Discreet Personal Loans Bad Credit
- 18+ years to apply
- Provide proof of income, proof of address, and ID
- Earn no less than $250 per week
Pros of 100% Online and Discreet Personal Loans Bad Credit
- Discreet application process
- Quick turnaround
- Flexible loan amounts
Cons of 100% Online and Discreet Personal Loans Bad Credit
- High interest rates per lender.
What Are Loans for Bad Credit and How Do They Work?
Loans for bad credit are small lump sums provided to bad credit borrowers with easy repayment terms. Most loans for bad credit range between $100 and $5000 and come with 3 to 24 months to pay. Of course, the worse your credit score, the lower you can expect the loan offer to be. Interest is fairly high on loans for bad credit, ranging from 5.99% to 35.99%.
How to Apply for Personal Loans for Bad Credit
There are four simple steps to follow when applying for personal loans for bad credit via the Low Credit Finance site.
Step 1: Choose Your Required Personal Loans for Bad Credit Amount
Low Credit Finance offers personal loans for bad credit from $100 to $5000 with 3 to 24 months to pay. Select the amount and term you require.
Step 2: Complete the Application Form for Bad Credit Loans Guaranteed Approval
On the top right-hand side of the Low Credit Finance home page, you will see an application form. The same form is used for bad credit loans guaranteed approval, and any other type of loan you might be looking for. Simply follow the prompts to complete the form.
Step 3: Get Decisions on Personal Loans with Bad Credit within 2 Minutes
When applying for personal loans with bad credit on the Low Credit Finance website, you will only wait two minutes to receive feedback after submitting the application form. You can then decide if you will go ahead or not. Going ahead will require finalizing the loan agreement directly with the lender and reviewing and signing a contract to secure personal loans with bad credit.
Step 4: Receive the Payout on Loans for Bad Credit Online
Lenders typically pay out loans for bad credit online soon after receiving the signed loan agreement.
Bad Credit Personal Loans Features & Factors to Consider
There are several factors and features to consider when applying for bad credit personal loans. Loans for people with bad credit involve:
Interest Charged on Loans for People with Bad Credit
Interest is standard with most online lenders, ranging from 5.99% to 35.99%.
Amounts Available for Bad Credit Loans Online
Consider the amounts available for bad credit loans online carefully. Most lenders offer $100 to $5000 – only borrow what you can afford to repay comfortably.
Small Personal Loans for Bad Credit Repayment Schedules
The repayment schedules on small personal loans for bad credit range from 3 to 24 months with direct debits setup weekly, fortnightly, or monthly.
Reputation of Lenders Offering Small Personal Loans for Bad Credit
Whether you’re looking specifically for hardship loans for bad credit or other types of loans, using a loan-finder service such as Low Credit Finance ensures that you’re dealing with reputable and accredited lenders at all times. This means that you won’t find yourself applying for hardship loans for bad credit with fly-by-night lenders.
How We Chose The Best Urgent Loans for Bad Credit Providers?
We looked for several things when hunting for the best providers of urgent loans for bad credit. Our pick of the top five providers offering small loans for bad credit offer borrowers the following:
- Small loans for bad credit to unemployed individuals
- Loan amounts that go as high as $5000, even with bad credit
- Flexible terms and repayment debits to suit your finance
- Quick online application processes that are simple
Our editor’s pick of the top five providers of small loans for bad credit will save you time and possibly even money in the end. By using Low Credit Finance as your chosen loan-finder, you stand to benefit as the platform offers speedy processing along with flexible amounts and terms to choose from.
Where Can I Get the Best Auto Loans for Bad Credit if the Bank Turns Me Down?
If the local bank turns you down for auto loans for bad credit, your best bet for finding the best loans for bad credit that you can use for purchasing a car are through loan-finder sites such as Low Credit Finance. You must meet the eligibility requirements to qualify.
How High/Big Are the Best Loans for Bad Credit?
While all lenders have their own terms and limits, most lenders on the Low Credit Finance platform, and others we reviewed, offer $5000 as their highest loan amount.
Is My Credit Score Important When Applying for Bad Credit Loans Near Me?
Credit scores will always play a role in the finance industry, but they aren’t the sole determining factor in the loan approval process. Lenders may look at your credit score but still provide you with bad credit loans near me, even if you have a low score. You must meet the eligibility criteria and pass an affordability assessment.
Disclaimer: This is a paid advertisement. The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice, please seek help from a financial advisor if you need financial assistance. Loans available to U.S residents only. The owner of the loan website(s) may be paid commission by a third party if you make a request for a loan.