1500 loan guaranteed

Writer and editor - Joseph Smith | Updated on 2020-02-20
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Having bad credit makes it very challenging to get a loan. But with a little persistence, you should be able to find a lender who will work with you. To help with this, here’s how to find $1,500 loan guaranteed.

How do I get a $1500 loan with guaranteed approval?

There are direct lenders and connectors/brokers that can get you an installment loan or signature loan of $1,500 or more. Some lenders even offer as much as $10,000.

Installment and signature loans are bad credit loans that people with a less-than-stellar credit history can access. While it is possible to get such loans, even if your credit score is less than 600, no lender can guarantee the approval of your loan application.

Loans Amount Cost / APR ? Bad Credit Features
CashUSA
$500 - $10,000
Individual rates
Bad credit allowed
Allowed
  • Loan terms start at 3 months.
  • Next-day deposit: In some cases ?
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
QuickLoanLink (Personal loan) $300 - $35,000 APR:
Starting at 6.90% ?
Bad credit allowed
Allowed
  • Loan term 2 months to 7 years
  • Credit check type: Soft ?
  • Next-day deposit: In some cases ?
  • Min creditscore: 550
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
HonestLoans
$400 - $5,000
$30 - $750 ?
Bad credit allowed
Allowed
  • Same-day deposit: In some cases ?
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
CreditLoan (Personal loan) $100 - $40,000 APR:
Starting at 5.34% ?
Bad credit allowed
Allowed
  • Loan term 2 months to 7 years
  • Same-day deposit: In some cases ?
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
LifeLoans (Personal loan) $500 - $40,000 APR:
Starting at 5.99% ?
Bad credit allowed
Allowed
  • Loan term 2 months to 5 years
  • Credit check type: Both ?
  • Next-day deposit: In some cases ?
  • Min creditscore: 580
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
GazelleLoans
$300 - $5,000
Individual rates
Bad credit allowed
Allowed
  • Same-day deposit: In some cases ?
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
OppLoans (Direct Lender)
(Personal loan)
$1,000 - $5,000 APR:
Starting at 99.00% ?
Bad credit allowed
Allowed
  • Loan term 9 months to 3 years
  • Next-day deposit: In some cases ?
  • Low approval rates ?
  • Time for decision: 1.5 min ?
RubikLoan
$100 - $1,000
$1,000 - $5,000
$15 - $300 ?
APR from 6.9% ?
Bad credit allowed
Allowed
  • Same-day deposit: In some cases ?
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
Personal Loans (Personal loan) $500 - $35,000 APR:
Starting at 5.99% ?
Bad credit allowed
Allowed
  • Loan term 3 months to 6 years
  • Credit check type: Soft ?
  • Next-day deposit: In some cases ?
  • Min creditscore: 580
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
BadCredit.com
$100 - $5,000
Individual rates
Bad credit allowed
Allowed
  • Next-day deposit: In some cases ?
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?
OpenCashAdvance
$200 - $5,000
Individual rates
Bad credit allowed
Allowed
  • Same-day deposit: In some cases ?
  • High approval rates ?
  • Time for decision: 1.5 min ?
  • Type of service ?

Because a $1,500 loan with guaranteed approval isn’t possible, your loan application may be declined even if you meet all of the requirements of a lender. If this happens, you can still get the loan you need by applying to other lenders.

To increase your chances of getting loan approval, apply to various lenders with less strict loan requirements. For example, there are lenders that run alternate credit checks (verifying your income) instead of traditional hard checks to see if you qualify for a loan.

By applying to a direct lender who uses such requirements (and specializes in bad credit loans), you can reduce the cost of the application process. That’s because you’ll be applying to lenders that are more likely to accept your loan application, and you won’t have to pay the fees that typically come with using a broker.

On the other hand, if you work with a connector, such an expert will have a list of lenders in your state with requirements that you can meet. On your behalf, the broker will apply to the lender that’s most likely to accept your loan application. That will save you the hassle of having to find direct lenders by yourself and applying to each one.

Requirements for a $1,500 credit loan

The requirements for a $1,500 credit loan vary from lender to lender. Some lenders may require that you have a minimum credit score, while others require that you have a specific minimum monthly income.

Generally, the requirements for a bad credit loan of $1,500 or more include:

  • At least 18 years old. Applicants that are over 21 are more likely to get the loan amounts they want
  • A minimum monthly income of $800. Applicants that earn a monthly income of $2,000 or more pre-tax are more likely to be approved
  • Proof of income, such as a pay stub
  • An active bank account with your name on it
  • A government-issued ID

$1,500 loan guaranteed with no credit check – where?

If you are looking for a $1,500 loan guaranteed with no credit check, you are probably not going to find it. That’s because no lender can guarantee no credit checks.

Every bad credit lender has to conduct some form of credit check to determine the creditworthiness of the potential borrower. Some lenders do a hard credit check, which involves contacting the credit bureaus to receive a report on your credit history. Each time this type of check is done, it hurts your credit score.

Other lenders do a soft credit check that doesn’t hurt your credit score.

If you believe your bad credit score will hurt your chances of getting a loan, look for lenders that perform alternate credit checks instead. Unlike traditional credit checks that look into your credit history, an alternate check looks into your monthly income to verify the amount you make each month.

The point of the alternate check is to verify that you’ll be able to make a loan’s monthly repayments.

Tips on getting an unsecured $1500 loan

Improve your chances of getting approved for a $1,500 unsecured loan by applying the following tips:

    1. Apply to multiple lenders: If one lender rejects your loan application, apply to other bad credit lenders with more lenient requirements.
    2. Get a cosigner: Cosigners typically have excellent credit. A cosigner will agree to cover your debt if you default on repaying your loan debt, which makes lenders more likely to accept your loan request.
    3. Choose lenders that do alternative checks: Instead of a traditional credit check, some lenders do alternative checks that verify your monthly income. The borrower must have proof of a monthly income of at least $800.
    4. Next business day deposit: Most bad credit lenders offer next business day deposit of loan amounts into your bank account. Some deliver same-day deposits. But there are no guarantees that you’ll receive the loan within such timeframes.
    5. Improve your credit: Improving your credit score will make you more attractive to lenders and give you access to more loan options with lower interest rates. Some quick ways to improve your credit score include:
      • Pay your credit card bill and other bills before they are due
      • Keep your credit debt below 30 percent of your credit balance
      • Make larger credit card payments
      • Settle smaller debts and avoid accumulating more debt
      • Get a secured credit card
      • Reduce the number of your loan applications

What to avoid when it comes to online loans

A bad credit loan from the wrong lender or with unfavorable loan terms can put you in even greater debt. To avoid signing up for such a loan, beware of the following:

  • Unclear terms: Some lenders mask payday loans as installment loans. Accepting such a loan can result in an APR that’s above 400 percent.
  • High fees: Avoid loans that come with hidden or unnecessary fees that will drive up the cost of the loan.
  • Losing your collateral: A secured loan means you can lose your collateral if you default on payments. Since the collateral will likely be your home, avoid such loans by looking for unsecured loans that do not require any kind of collateral.
  • Repeat short-term lending: If a lender offers you another loan to cover a previous loan, walk away immediately! Such loans usually have higher interest and fees that’ll put you in even greater debt.

Always verify all of the terms of a bad credit online loan before accepting it to avoid the above dangers.

Joseph Smith

Joseph Smith
Writer and editor

Joseph Smith is an experienced freelance writer with over 11 years of experience. His area of expertise includes finance, loans and lending. His work has been featured on various large websites including this one.
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