Best lenders available in your state, all with bad credit allowed.

Loans for Bad Credit – Recommendations

Everyone might sometime in their life need to borrow money to cover unexpected expenses. Bad credit score can make your alternatives seem limited, this is where bad credit loans come to your rescue. We only list the best loan companies for bad credit that are available in each state, your state is selected automatically. This means we have verified which loan providers lend in each individual state, and have personally vetted them so that you only see services that are active and accepting new customers. All services we list here provide loans up to at least $2,000 but a majority has a maximum of $5,000 or $10,000. Personal loans may go as high as $35,000.

Credit Score Loan Recommendations

  • 550 and above: Try a personal loan because you can get a larger amount and yet still have a low monthly payment.
  • 480-550: Attempt a pre-approval for a personal loan first, most uses soft credit check (which won’t lower your credit score) anyway. If you get denied, a small installment loan or payday loan is your next option.
  • 480 and lower: Lender requirements will vary, so still attempt a pre-approval with a personal loan. But for credit scores 480 and lower, small installment loans or payday loans are usually the best bet for success.


How do I find Bad credit personal loans with guaranteed approval $5,000 – 10,000?

A common question we often receive is where one could find personal loans with guaranteed approval. The answer is no lender can guarantee approval, but there are lenders today with widely different requirements. Solution, keep applying at different lenders if you get denied or start improving your credit score.

Where do I find No credit check loans?

Every direct lender do some kind of credit check, but some only verify if you have an income. $1,000 before tax is usually enough, $2,000 when it comes to personal loans. What you want to avoid is a hard credit check, it affects your credit score in a negative way. In most cases when you apply for a loan the lender usually only performs a soft credit check, which doesn’t affect your credit score. When you accept the offer, a hard credit check is performed.

Is it possible to improve my credit score easily?

Yes! Read more: 9 Things You Can Do To Improve Your Credit Score.

Introduction to Loans for Bad Credit

Updated on 2019-10-22

What is a personal loan?

A unsecured loan for bad credit, is a type of financial assistance advanced to borrowers to meet their basic or pressing financial needs. They offer incredible advantages and are easy to obtain as compared to other types of loans.

What are the basic requirements?

Most lenders will dictate that borrower meet the following basic requirements before approving their personal loans:

  • One must be 18+ years old, but older than 21 years is recommended
  • One must be earning a monthly income of at least $1,500. However, the recommended monthly income is $2,000

Advantages of a Personal Loan

Personal loans offer numerous advantages over other types of loans. They include:

  • Flexible – these loans are multipurpose
  • Personal loans do not require a lot of documentation. This makes processing quick and easy
  • Personal loans do not require collateral or security
  • Amounts commonly starts at around $2,000 to $5,000

What is a bad credit loan?

A credit score is be-all and end-all as far as the financial world is concerned. They are extensively recognized, but over and over again shrouded in mystery if you dig deep into its real meaning. They are essential in everybody’s daily life, yet, while most people know that it’s vital to strive and achieve a good credit score, they are left wondering: what is a bad credit rating?

Here is a snapshot of what you should call a bad or good credit score:

  • 750 and higher: Excellent credit score
  • 700 – 750: A good credit score
  • 650 – 700: Regarded as a fair credit score
  • 600 – 650: Termed as a bad credit score
  • Below 600: With a credit score under 600 it’s becomes harder secure a loan but not impossible. Some smaller lenders specialize in loans for people with bad credit scores under 650. See loans above.

About bad credit loans with guaranteed approval

It can be tempting to find a loan with guaranteed approval or no credit check at all for popular amounts like $5,000. Instead, look for lenders that accept really low credit scores or no credit score at all. Unfortunately, no lender can guarantee a loan, and some kind of credit check is always performed. On the other hand, if you’ve been denied a loan in the past, keep in mind that new lenders surface all the time with different requirement and older ones might change theirs.

This applies to personal, installment, and signature loans as they sometimes are called. So keep on trying, and leave no stone unturned.

Another way to improve your chances for a loan is to improve your credit score. Read more below to find out how to do it.

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Credit Scores

How can I check my credit score?

There are few different ways you can check your credit score. There are many websites offering free credit score checks, which can be extremely helpful to get a ballpark idea of where your number lands. However, these are usually considered “educational” scores. Lenders almost always look at your FICO score to process your loan application.

To see a more accurate number, you can pay for your FICO score or check to see if your bank or credit card company offers any kind of free credit monitoring service. These are becoming increasingly common, so it’s definitely worth looking into before you pay for anything.

How does my credit score affect the loan offers I get?

Your credit score affects your loan offers in a few different ways. First, it can determine whether you’re approved or denied for a certain type of loan. If you are approved, your credit score then influences the rates and terms you have to choose from.

For example, you’ll get a better interest rate the better your credit score is. You also may be able to borrow more money for a longer period of time. It’s still possible to get a loan even with a credit score that’s less than perfect. You just may not be able to borrow a huge amount and may also need to choose from a shorter loan term.

How can I improve my credit score?

The biggest thing you can do to improve your credit score is to pay all of your bills on time, especially the ones that regularly report to the credit bureaus. They include your mortgage, student loans, car loans, credit card bills, and any other type of loans or credit products. Once you hit the 30-day late mark, your credit score starts to deteriorate. But if you keep up with all of these monthly payments, you’ll start to see a steady improvement.

Paying down debt is also a good way to see fast improvement in your credit score. The lower your debt utilization, especially on credit cards, the higher your score will go. Read more about improving your credit score here.

What is a payday loan?

A Payday loan is an incredible cash advance if you are able to repay it in time. If you apply for a payday loan, your application might get an approval immediately depending on your bank. These loans are the best when it comes to meeting emergencies. Getting a payday loan is easy and quick, available for people with bad credit that want small sums of money. If you’re looking for loans with low credit score, this is it.

Qualifications of a payday loan

Lenders usually subject borrows to the following minimum qualifications:

  • One must be over 18 years old
  • One must prove that he/she is employed
  • One must own a legitimate bank account bearing his/her official names
  • One must have a stable income of at least $1,000


Payday loans are becoming more and more popular due to the following reasons:

  • They are a fast source of money during financial emergencies
  • They do not require any credit report
  • They can guard your credit profile from damages covering late fees from other loans
  • They allow borrowers to be independent
Lauren Ward

Lauren Ward
Writer and editor

Specializing in original, well-researched web content, including blog posts, news articles and web copy. Areas of expertise include personal finance and lending. 10 years of experience as freelance writer and working at Federal Reserve Bank of Richmond.
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