Bad credit loans guaranteed approval $10,000

Writer and editor - Joseph Smith | Updated on 2023-03-07
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Getting bad credit loans of up to $10,000 may seem downright impossible when you have bad credit, but it really isn’t. Let’s look at everything you need to know about finding bad credit loans guaranteed approval $10,000.

Where can I get Bad credit loans guaranteed approval $10,000?

If you have bad credit with a credit score that’s below 600, you can still get a loan of up to $10,000. You can get such a loan through a online direct lender or broker. If using a direct lender, it’s possible to get the loan directly from the source but it takes more time on your end. But using a broker will give you easier access to more online lenders that may give you the loan you want.

That said, regardless of whether it’s a direct lender or broker, no one can guarantee approval for a $10,000 bad credit loan. The trick to getting the loan amount you desire, even though you have bad credit, is to keep applying to different lenders who have different loan requirements.

By diversifying your options, you’ll eventually find a lender who’s willing to work with you.

Best bad credit loans “guaranteed” approval $10,000

Loans Amount Cost / APR ? Bad Credit Features
$500 - $10,000
Individual rates
Bad credit 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 ?
Personal Loans (Personal loan) $500 - $35,000 APR:
Starting at 5.99% ?
Bad credit 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 ?
QuickLoanLink (Personal loan) $300 - $35,000 APR:
Starting at 6.90% ?
Bad credit 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 ?
LifeLoans (Personal loan) $500 - $40,000 APR:
Starting at 5.99% ?
Bad credit 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 ?

What are my options if I want to borrow $10,000?

Not all lenders are willing to loan money to borrowers with bad credit score. That’s because such borrowers tend to be high risk due to their credit history.

Fortunately, new lenders are constantly emerging. Many of these lenders have more lenient requirements, making it easier for people with bad credit to get long-term loans of thousands of dollars. The most popular long-term loan options for people with bad credit—who need $10,000 or more—are installment loans and personal loans.

An installment loan or personal loan may be a secured (requires collateral) or unsecured loan (doesn’t require collateral) . You can use the money to do whatever you want, and the repayment term may be a matter of months or years, depending on what you and the lender agree to.
Every month for the duration of the loan, you have to pay back a principal sum and interest. Because it’s a bad credit loan, the interest rate is higher than that of a regular personal loan

Tips on getting approved with bad credit for $10000

As we said, no lender can guarantee approval for a bad credit loan. But in spite of your bad credit, you can improve your chances of getting approved for a $10,000 loan by applying the following tips:

  1. Get a cosigner: Compared to you, a cosigner will have excellent credit. Lenders are more agreeable when there’s a cosigner to serve as your guarantor by agreeing to cover your debt if you default on repayments.
  2. Apply to multiple lenders: If one lender rejects your loan application, it’s not the end of the world. Simply apply to other bad credit lenders with less strict requirements.
  3. Choose lenders that do alternative checks: Instead of a traditional credit check of your credit history, some lenders do alternative checks by verifying your income. The borrower must be able to prove a minimum monthly income of $800.
  4. Improve credit: Improving your credit will make you more attractive to lenders, open you up to more loan options, and reduce interest rates on loans. Improving your credit may take a while, but it’s worth it. Some quick ways to accomplish this include:
    • Pay down your credit card bill and other bills before they are due
    • Keep your credit debt below 30 percent of yourcredit 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
    • Check your credit report for errors

What is Credit scores impact on bad Bad credit loans approval rates?

When you are considering taking out a loan, your credit score can have an important impact. Banks and other financial institutions use the number to decide whether they will approve your loan application, and it might determine the interest rate on any loans that are offered.

The best way to ensure that you have a good credit score is to stay up-to-date on payments by paying bills on time and as agreed. By making sure you’re responsible with money, you can be sure that your credit score is as good as possible when you go to apply for a loan.

There are two types of credit checks. Soft credit check and hard credit check. The first one doesn’t impact your credit score, the other one does.

What are the major Credit bureaus?

Major credit bureaus, such as Equifax, Experian, and TransUnion, play a significant role in our financial lives. By tracking and reporting on our credit history, these organizations provide lenders with the information necessary to assess how trustworthy we are when it comes to repaying loans.

Credit reports can impact so many aspects of your life, such as your ability to secure financing for a car or a mortgage. It’s important to have a basic understanding of how major credit bureaus work since they hold so much power over our daily lives. They may be an inevitable part of life in America but they can also be a force working in your favor by enabling you to build a strong credit score.

What about same day loan (deposit) bad credit loan $10 000?

The sooner you can get the loan amount you need, the better.

Fast deposit to your bank account – Many lenders can deliver same day loans or a next business day deposit to your bank account. But even though it’s possible, no lender can guarantee it. That’s because the time it takes to transfer and deposit the money for an installment or signature loan can vary for each borrower.

For instance, discrepancies in a borrower’s details can delay payment. Also, larger loan sums will require extensive manual verification’s that may delay the process, and the financial institution processing the payment may or may not slow things down.

Where can I find Guaranteed Loan Approval No Credit Check $10000?

People who have bad credit will no doubt prefer loans that involve no credit checks. But, regardless of the type of bad credit loan you want, a lender will still run some type of credit check.

That said, the credit requirements for installment loans and other bad credit loans are not as stiff as those of regular personal loans. Some bad credit lenders will insist on running a traditional soft or hard credit check to verify your credit history. But there are others that will simply run an alternative credit check by asking for a pay stub to confirm your monthly income.

Rather than focus on finding a no credit check lender, focus on finding one with less strict requirements.

What is the credit score requirements for a 10k bad credit loan?

650 would be recommended, but down to 550 is worth applying with.  That is often the lowest credit score you can secure bad credit loan with. But credit score isn’t everything, your income is. If you make $2,000 per month pre-tax it good start.

If you get denied, try finding a co-signer or improving your credit score. Trying to secure a lower amount is also a good idea like $5000.

What interest rate can I get for a 10000 bad credit loan when approved?

Depends on state and lender. And your credit score, and income per month. Vary hard to say. But $10000 is a large sum for a bad credit loan. So your rates will be quite low compared to payday loans and credit cards. Starting at 8-9% APR is goal. 10-12% is okay. 15% is on the high side.

Here’s a repayment schedule as an example:

Amount and duration: $10,000 over 5 years.

Effective interest rate (apr): 10.47%

Total interest and fees for the loan: $2748

Year Payment Debt before amortizationAmortizationInterestTo be paid
Apr, 20231$10 000$129$83$212
Maj2$9 871$130$82$212
Jun3$9 741$131$81$212
Jul4$9 609$132$80$212
Aug5$9 477$133$79$212
Sep6$9 343$135$78$212
Okt7$9 209$136$77$212
Nov8$9 073$137$76$212
Dec9$8 936$138$74$212
Jan,202410$8 798$139$73$212
Feb11$8 659$140$72$212
Mar12$8 519$141$71$212
Apr13$8 377$143$70$212
Maj14$8 235$144$69$212
Jun15$8 091$145$67$212
Jul16$7 946$146$66$212
Aug17$7 800$147$65$212
Sep18$7 652$149$64$212
Okt19$7 503$150$63$212
Nov20$7 353$151$61$212
Dec21$7 202$152$60$212
Jan, 202522$7 050$154$59$212
Feb23$6 896$155$57$212
Mar24$6 741$156$56$212
Apr25$6 585$158$55$212
Maj26$6 427$159$54$212
Jun27$6 268$160$52$212
Jul28$6 108$162$51$212
Aug29$5 946$163$50$212
Sep30$5 783$164$48$212
Okt31$5 619$166$47$212
Nov32$5 454$167$45$212
Dec33$5 287$168$44$212
Jan, 202634$5 118$170$43$212
Feb35$4 948$171$41$212
Mar36$4 777$173$40$212
Apr37$4 604$174$38$212
Maj38$4 430$176$37$212
Jun39$4 255$177$35$212
Jul40$4 078$178$34$212
Aug41$3 899$180$32$212
Sep42$3 719$181$31$212
Okt43$3 538$183$29$212
Nov44$3 355$185$28$212
Dec45$3 170$186$26$212
Jan, 202746$2 984$188$25$212
Feb47$2 797$189$23$212
Mar48$2 607$191$22$212
Apr49$2 417$192$20$212
Maj50$2 224$194$19$212
Jun51$2 030$196$17$212
Jul52$1 835$197$15$212
Aug53$1 638$199$14$212
Sep54$1 439$200$12$212
Okt55$1 238$202$10$212
Nov56$1 036$204$9$212
Jan, 202858$627$207$5$212
$10 000$2 746

What there the requirements for a Bad credit loans guaranteed approval $10000?

Lender can not guarantee approval. Here’s the requirements you can work with:

  • Being at least 18 years old, recommended 21.
  • Earning a minimum pre-tax salary of $1500 per month are the most common conditions. A higher minimum income of $2000 per month is recommended for better repayment chances.
  • You must have some form of personal identification such as a driver’s license or passport to prove your identity.
  • You will need an active checking account in order to both receive your loan funds and make any necessary payments.
  • It is also important to ensure you have access to a phone number and email address.
  • Income verification will be required in the form of a pay stub or other proof of earnings.

By meeting these basic requirements, you provide yourself with the means of obtaining a $10000 bad credit loan.

Pros and Cons with bad credit score loans $10000


Some advantages of $10,000 personal, installment or signature loans are:

  • You can get all the money you need to solve your financial issues
  • The APR (Annual percentage rate) is lower than that of short-term bad credit loans like payday loans
  • You can use the money for whatever you want
  • If you make monthly repayments on time, it will improve your credit score
  • You can get the loan sum in your bank account quickly
  • The duration of the loan allows you to gradually repay the loan over several months
  • An unsecured loan removes the worry of losing your collateral, which in most cases is the borrower’s home
  • Can be used as a debt consolidation loan.


  • You may have to apply to multiple lenders before you find one that will give you a loan
  • Multiple lenders performing hard credit checks will hurt your score
  • Failure to make loan repayments on time will hurt your score
  • The interest rates for bad credit loans are generally higher than those of regular personal loans

Should I choose a direct lender or connector for a bad credit loans “guaranteed” approval $10000?

First, both can’t guarantee approval. But let’s look at both options.

Direct lenders, such as banks, can provide loans without going through a second party, often resulting in faster decisions and more competitive rates.

Loan connectors are companies which act as intermediaries between potential borrowers and multiple lenders, working to match borrowers with lenders.

These services may be useful when you’re trying to compare different offers to decide which is most suited for you, but also come with their own fees.

Directs lenders require more work with, to find them and apply. Connectors let you check with hundreds of lenders fast.

Are there any other options for a 10k loan if I get denied?

When faced with bad credit and in need of a $10,000 loan, it is possible to look into other options than a traditional bank loan.

  • For instance, with peer-to-peer or marketplace lending platforms, individual investors may provide financing for consumers on the same terms that banks can offer — often at lower rates.
  • Another way to access large loans with bad credit is through professional investors providing asset-backed loans; these loans are secured against an asset like a house.
  • Finally, some credit unions offer programs that allow those with poor credit scores to access fair and advantageous loan offerings; however one should research each option and consider discussing their financial situation in detail before taking any steps towards obtaining any kind of loan.
  • Use payday loans, credit cards or cash advance loans as a bridging loan. Improve your credit loan and then apply again. Might take some time 3-12 months, but it’s worth it.

See also other loan alternatives.

Summary – Bad credit loans guaranteed approval $10,000

A $10,000 bad credit loan, such as an installment or signature loan, can provide you with the financial assistance you need quickly. While no lender can guarantee your approval for a $10,000 bad credit loan, you can find one by applying to several lenders who have different requirements.

To ensure the loan you take is more of a help than a hassle, be sure to understand the terms of the loan before accepting it. Failure to do so may result in accepting a loan with interest rates and other terms that do not fit your budget.

Let us help you find the best bad credit lenders in your area.

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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