Loans for Bad Credit Guaranteed Approval 2023: Top 5 Lenders of Bad Credit Loans

Mihai-Alexandru Cristea 03/01/2023 | 19:48

Hunting online for loans for bad credit can be a thankless task, especially when you urgently need access to personal loans for bad credit! Unfortunately, bad credit scores can make traditional loan applications tricky unless you’re aware of a few fundamental factors. Firstly, loans for bad credit are not credit check free, as all lenders, even those via loan finder platforms, must adhere to US lending regulations that stipulate a mandatory credit check for all borrowers. 

 

Secondly, all lenders have specific loan criteria that borrowers must meet to qualify for online loans for bad credit. For example, bad credit loans guaranteed approval alternatives via loan finder sites typically require applicants to be over eighteen years old and earn a minimum of $1000 per month. This means loans with bad credit are guaranteed only if the borrower meets these and other mitigating criteria. While personal loans with bad credit are entirely possible, borrowers aren’t just handed cash on a proverbial plate!

Lastly, loans for bad credit are easy to apply for when using a loan-finder site! After completing just one online application form, a wide selection of lenders simultaneously reviews your car loans for bad credit application. Our guide details where and how to apply for installment loans for bad credit and provides the editor’s selection of top providers offering loans for bad credit

 

Best Loans for Bad Credit – Quick Picks

 

Loans for Bad Credit Guaranteed Approval From Direct USA Lenders of 2023 

1. Viva Payday Loans: Best Overall for Bad Credit Loans up to $5000

Quick Ratings

  • Decision Speed: 8/10 
  • Loan Amount Offering: 9/10 
  • Variety of Products: 8/10 
  • Acceptance Rate: 7/10 
  • Customer Support: 8/10 

Unlike other bad credit loans, those via Viva Payday Loans aren’t limited to a measly few hundred dollars. Instead, borrowers looking to purchase luxury items or eliminate costly repair bills can apply for loans of $100 up to $5000. In addition, bad credit loans have easy repayment options from 3 months up to 2 years which helps spread the cost and allows for better budgeting. Furthermore, you won’t endure eyewatering interest rates as these range from 5.99% to 35.99%, meaning higher value bad credit loans won’t cost the proverbial earth. 

Highlights of Bad Credit Loans Up to $5000 From Viva Payday Loans

  • 2-year repayment terms offered
  • $5000 cash advances
  • Speedy approvals
  • Zero upfront costs
  • Easy payment allocation

Eligibility Requirements of Bad Credit Loans up to $5000

  • Income: $250 weekly/ $1000 monthly
  • Minimum age: >18 yrs
  • Supporting evidence (bank statements, US ID)

Fees and Interest on Bad Credit Loans Up to $5000

  • 5.99% – 35.99% APR (lender dependent)
  • Missed payments attract penalties.

Click Here To Request Funds Online >>

 

2. Big Buck Loans: Best for Personal Loans for Bad Credit Low Income Earners

Quick Ratings

  • Decision Speed: 8/10 
  • Loan Amount Offering: 9/10 
  • Variety of Products: 8/10 
  • Acceptance Rate: 7/10 
  • Customer Support: 8/10 

Those applying for personal loans for bad credit will appreciate the affordable offerings Big Buck Loans has to offer. Firstly, the platform provides free loan-finding services, meaning borrowers connect to a large pool of lenders without spending a single dollar. Next, APRs are competitive and range from 5.99% to 35.99%, and repayment options are expansive, with 3 to 24 months on offer. 

Therefore, borrowers can select affordable personal loans for bad credit between $100 and $5000, with reasonable APRs, and repay them over a period that suits their financial situation, loan value dependent. In addition, repayments for personal loans for bad credit can be set to match the borrower’s income received (weekly, fortnightly, or monthly), which helps maintain cash flow. 

Highlights of Personal Loans for Bad Credit and Low Income Earners

  • Competitive APR rates
  • Cashflow considerate
  • Amenable repayments
  • Extensive loans up to $5000
  • No upfront costs

Eligibility Requirements of Personal Loans for Bad Credit 

  • US bank account (deposit enabled)
  • US residency (permit/citizenship)
  • Income >$1000 per month

Fees and Interest on Personal Loans for Bad Credit and Low Income Earners

  • Early loan defrayment fees apply
  • Default payments incur penalties
  • APRs of 5.99% up to 35.99%

Click Here To Request Funds Online >>

 

3. Green Dollar Loans: Best for 2-Minute Approval Online Loans for Bad Credit Borrowers in a Hurry

Quick Ratings

  • Decision Speed: 8/10 
  • Loan Amount Offering: 9/10 
  • Variety of Products: 8/10 
  • Acceptance Rate: 7/10 
  • Customer Support: 8/10 

Borrowers searching for online loans for bad credit don’t have time to waste; a fact lenders at Green Dollar Loans understand! This platform offers a streamlined, user-friendly application process for borrowers looking for quick access to loans between $100 and $5000. Once the easy online form is submitted, approval for online loans for bad credit takes just two minutes! From there, borrowers are linked to lenders offering a wide selection of loans with competitive APRs between 5.99% and 35.99% and repayment terms of up to two years! 

On approval, loans for bad credit are finalized directly with the lender, who then pays the cash into the borrower’s bank account, usually within 24 to 48 hours (lender dependent).

Highlights of 2-Minute Approval Online Loans for Bad Credit Borrowers in a Hurry

  • Fast remittance of funds
  • User-friendly platform
  • Straightforward application form
  • Esteemed lending panel
  • Expeditious turnaround times

Eligibility Requirements of 2-Minute Approval Online Loans for Bad Credit

  • Core monthly income $1k 
  • US nationals only
  • Age: 18 years and upward 

Fees and Interest on 2-Minute Approval Online Loans for Bad Credit

  • Percentage interest 5.99% to 35.99%
  • Fees attached for missed/late installments 

Click Here To Request Funds Online >>

 

4. Low Credit Finance: Best for Bad Credit Loans Guaranteed Approval Alternatives with APRs Starting from 5.99%

Quick Ratings

  • Decision Speed: 8/10 
  • Loan Amount Offering: 9/10 
  • Variety of Products: 8/10 
  • Acceptance Rate: 7/10 
  • Customer Support: 8/10 

Borrowers searching for bad credit loans guaranteed approval alternatives can find some of the lowest interest rates at Low Credit Finance. Here, lenders offer bad credit loans guaranteed approval alternatives up to $5000 with APRs starting at a mere 5.99%! Of course, loan values can be as low as $100, and APRs can escalate to 35.99%; however, lenders offering this broad range of loans are usually amenable to negotiating a lower interest rate! 

Bad credit loans guaranteed approval alternatives typically offer borrowers the choice of between 3 and 24-month repayment terms depending on the approved loan value. 

Highlights of Bad Credit Loans Guaranteed Approval Alternatives with Low APRs

  • Moderate APRs starting at 5.99%
  • Choice of loan values up to $5000
  • Up to 2-year reparation terms
  • Negotiable fees (Lender dependent)
  • Transparent and unbiased lending 

Eligibility Requirements of Bad Credit Loans Guaranteed Approval Alternatives

  • Applicants above 18 years
  • Legal US resident
  • Income equal to or over $250 per week

Fees and Interest on Bad Credit Loans Guaranteed Approval Alternatives

  • Additional fees for early loan defrayal
  • Interest rate scope from 5.99% to 35.99%

Click Here To Request Funds Online >>

 

5. Heart Paydays: Best for Personal Loans with Bad Credit and No Job

Quick Ratings

  • Decision Speed: 8/10 
  • Loan Amount Offering: 9/10 
  • Variety of Products: 8/10 
  • Acceptance Rate: 7/10 
  • Customer Support: 8/10 

Unemployed borrowers with bad credit or ‘no job’ according to traditional lending standards, aka self-employed, freelancers, and contractors, will be pleased to discover personal loans with bad credit between $100 and $50000 available via Heart Paydays! 

Instead of the mandatory payslips that traditional lenders demand, up-to-date lenders via this platform allow borrowers to evidence their income using bank statements, tax returns, or other means. Therefore gaining them access to personal loans with bad credit even if they don’t have structured employment! Of course, borrowers must meet the lending criteria to qualify for personal loans with bad credit, the most pertinent being earning the minimum monthly income of $1000. 

Highlights of Personal Loans with Bad Credit and No Job

  • Pay stubs not mandatory
  • Moderate APRs from 5.99%
  • Achievable repayment options
  • Large loan variety
  • Simplistic online application

Eligibility Requirements of Personal Loans with Bad Credit and No Job

  • No under-18s permitted
  • Permanent residency (US)
  • Evidence of earnings/profits 

Fees and Interest on Personal Loans with bad credit and No Job

  • Various interest rates (5.99% to 35.99%)
  • Prepayment penalties may apply for early settlement

Click Here To Request Funds Online >>

 

How Did We Choose The Best Providers of Loans with Bad Credit? 

We looked for loan finders and lenders offering:

  • APRs no higher than 35.99%
  • Online applications and feedback
  • Loans between $100 and $5000
  • Repayment options up to 2 years
  • Unbiased lending practices

 

Borrowers Can Get These Types of Loans with Bad Credit 

Loans with Bad Credit up to $5000 with Same Day Processing

Loans of $100 to $5000 with repayment options of up to 2 years provided to borrowers who qualify. 

Car Loans for Bad Credit Borrowers

Car loans for bad credit up to $5000 with APRs between 5.99% and 35.99%; provided to qualifying borrowers who wish to purchase a vehicle. 

Unsecured Car Loans for Bad Credit

Collateral-free loans between $100 and $5000 provided to borrowers who meet the loan measures and earn a minimum of $1000 monthly.  

Installment Loans for Bad Credit

Loans between $100 and $5000 are repaid in set installment loans across 3 to 24 months, depending on the loan amount granted. 

Installment Loans for Bad Credit Features & Factors To Consider 

Flexible Amounts for Bad Credit Car Loans

Loan amounts can vary between $100 and $5000 depending on the borrower’s financial requirements. It’s advisable to select a loan value you need rather than the largest loan value available, which you may reasonably struggle to repay.  

Flexible Repayments on Bad Credit Car Loans of Up to $5000

Repayment options available are 3 to 24 months, but this depends on the loan amount you are granted; usually, higher-value loans have longer repayment terms. In addition, you can set the loan repayments to mirror your income received (weekly, fortnightly, or monthly). 

Penalties Charged On Personal Loans Bad Credit

Missed or late payments attract penalty fees that are added to the outstanding loan amount. These are stipulated by the lender in your loan contract and can be particularly costly.

APRs on Personal Loans Bad Credit

APRs are set by the individual lender, which can be between 5.99% and 35.99%. 

 

Top 5 Loans for Bad Credit Online 2023

Bad Credit Personal Loans Providers Pros Cons
Viva Payday Loans
  • $5000 available
  • Limited admin
  • Rapid payment
  • Online payments
  • Trustworthy lenders
  • Elevated APRs
Big Buck Loans 
  • Low-value $100 loans
  • Low credit endorsed
  • Amendable repayment plans
  • Uninvolved application
  • Reasonable APRs
  • Sanction fees applied to late repayments
Green Dollar Loans
  • 2-minute approval
  • Competitive APRs
  • Unprejudiced lending
  • Fair eligibility criteria
  • Payment installments flexible
  • APR 35.99%
Low Credit Finance
  • Fuss-free application
  • Bank debit enabled
  • Choice of lenders
  • $100 loans on offer
  • APRs from 5.99%
  • Prepayment penalty fees may apply
Heart Paydays 
  • Navigable online application
  • Digital docs accepted
  • Wage advice nonmandatory
  • Manageable payment terms
  • Timely payouts
  • High-end finance option

 

How to Apply for Bad Credit Loans Online in 4 Quick Steps

To apply for bad credit loans online, follow these simple steps on the Viva Payday Loans website:

Step 1: Choose the Small Personal Loans for Bad Credit Amount & Terms Required

Start your application for loans for people with bad credit by selecting your required loan value between $100 and $5000 and a proportionate repayment term of 3 to 24 months. 

Step 2: Fill Out the Same Application Form for Hardship Loans for Bad Credit and All Other Loan Types

Collate your personal information, including your full legal name, US residency status, employment information, and banking details, and input this into the online form,

Step 3: Wait 2 Minutes to Get a Decision on Loans for People with Bad Credit

Press the online submit button and wait approximately 2 minutes for a response from lenders who can assist with your application. Then, choose your preferred lender and finalize your loan directly with them. 

Step 4: Get Prompt Payouts on Loans for People with Bad Credit

Once the lender has received the signed loan contract, they will release the funds into your supplied US bank account. Although all lenders try to may expeditious payments on loan approval, sometimes there are minor delays. However, in most instances, the funds are paid to you within 24 to 48 hours. 

 

FAQ’s

Can You Get Car Finance With Very Bad Credit?

Yes! Bad credit loans are commonplace today; however, applying via traditional high street lenders might be challenging with a bad credit score. However, lenders via loan finders in this review are unbiased and review applications based on more than the mandatory credit check. Instead, other factors like affordability and borrowers’ current financial status play a significant role in their final decision.  

What Is The Easiest Online Loan to Get Approved For? 

Bad credit loans online are some of the easiest loans to get approved for when using loan finder sites like Viva Payday Loans. Here borrowers connect with a wide pool of lenders offering a broad selection of loans from $100 to 5000 dollar loan. In addition, poor credit scores are not automatically rejected, and APRs and repayment terms are reasonable and affordable.  

What Is The Smallest Personal Loan You Can Get? 

Many lenders today offer small personal loans for bad credit; however, few offer the flexibility seen via lenders on loan finder platforms like Viva Payday Loans. Here, borrowers can select a loan value as low as $100 loan or as high as $5000, which means they can plug the payday gap or purchase luxury items; the choice is theirs!

What Is A Hardship Loan? 

Hardship loans for bad credit are small to medium cash lump sums provided to borrowers with an unexpected shortfall, such as a loss of income. Unlike the loans available on loan finder sites, hardship loans cannot be used to purchase a car, luxury items, etc. 

Who Can Apply For A Bad Credit Loan? 

Applicants for loans for people with bad credit should be over 18 years old, earn a minimum of $1000 per month, and legally reside in the US. 

How Fast Can I Get a Loan With Bad Credit? 

Approval for bad credit loans guaranteed approval alternatives via loan finders like Viva Payday Loans is quick, and a response from lenders is typically received in 2 minutes. However, depending on the lender, disbursement can take 24 to 48 hours or longer. 

Why Might I Need An Installment Loan? 

Quick cash loans for bad credit allow consolidation of debt, expensive purchases, or payment of costly repairs without requiring personal cash. Instead, borrowed money is used and repaid over a set term which can provide you with greater financial freedom. 

Conclusion

It’s not difficult to see why Viva Payday Loans is first on our list of providers. Log onto their website and view their generous loan amounts, streamlined processes, and top-quality service, and you’ll discover why! However, if you need access to quick cash with top-dollar service, you’re in the right place no matter which of our top providers you select! 

Disclaimer: 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 US residents only. 

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Mihai-Alexandru Cristea | 19/12/2022 | 18:45

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