Many people find themselves in need of loans, but there is no guarantee that financial institutions will provide help. Many factors play an important role in getting a loan, and your credit score is essential. Your credit score represents how good you are at paying back the loan, and if the score is bad, most financial institutions will hesitate to offer you a loan. But that doesn't mean people with a poor credit score can't get a loan.

Many financial institutions work online to offer bad credit loans with guaranteed approvals. They won't check your credit history; instead, they'll check your income and offer you a short-term bad credit loan. You can pay back the loan quickly to improve your minimum credit score.

There is one significant complication that comes with bad credit loans, and that is higher interest rates. Since companies are unsure whether you'll pay the loan back, they charge you high interest so they can at least get back the principal amount easily.

On the other hand, lenders might not provide huge amounts for bad credit loans because getting them back is hard. However, some brands have exclusions on such terms, and they provide large amounts of bad credit loans at lower interest rates to facilitate their customers.

Those rates might be higher than the market rate, but they won't poke a hole in your pocket as you pay back. The biggest problem is finding the best lenders, as there are many lenders on the market claiming to offer you the best rates; however, that might not always be true. You might need to search for hours to find a suitable one. Fret not; we researched for you and found the five bad credit loans companies that offer bad credit personal loans at the best terms.

Top 5 Loan Companies for Bad Credit Loans

After careful consideration and sticking to the criteria above, we managed to find five companies offering such loans.

  1. MoneyMutual – Overall Best Loan Providing Company for Bad Credit Loans
  2. Bad Credit Loans – Leading Same Day Loans with Bad Credit Score
  3. RadCred – Most Popular Direct Lenders for Online Loans for Bad Credit
  4. CashUSA – Transparent Financial Institution Offering Quick Cash Advance
  5. Personal Loans – Well Known Bad Credit Personal Loans Online

#1. MoneyMutual – Overall Best Loan Providing Company for Bad Credit Loans

MoneyMutual was founded in 2010 to provide people with short-term quick loans. Traditional banks are hesitant to provide even the smallest loans to people with bad credit scores. This is why online portals like MoneyMutual are helping people in getting loans quickly. They have a huge network of lenders willing to provide a small loan to anyone.

The loan range on this platform is $200 to $5000; however, your income will decide how much you can get. For $200, you don't need to provide proof, just an active account so the company can deduct it as you get money. For $5000, you'll need to earn at least $1000 per month, the company might not ask for such details, but the lender will.

MoneyMutual has served over two million customers in the past two decades, and all of them are happy with their dealings. According to Theislandnow, the best thing people love about this brand is how quickly it connects you to a lender. The lender also doesn't waste much time providing the loan.

There is no fee for filling out the form. You can fill out the form multiple times to check the offers from the lenders. The company won't charge you any fee regardless of what you do on their platform. They charge a specific percentage to the lenders.


Top-Notch Security: MoneyMutual has a secured website that is not easy to breach. The company won't save your information so that no one can take your data. However, if you are a returning customer, you can use your Social Security Number, and the company will find you from the list of their lenders. The benefit of this is that you don't have to fill out the entire form again. The lenders will have your information, and you only need to add your desired amount.

Bad Credit Installment Loans: If you are someone who works on daily or weekly wages, these installment loans are the most beneficial for you. Instead of paying the entire loan or installment in one day, you can split it and pay the installment in multiple periods during the month. MoneyMutual allows you to talk to your lender about this and decide on days when you want to pay. The lender will deduct the installment money from your account on that particular day.

No Prepayment Penalty: If you have enough money to pay the rest of the installments at once, you can talk to the lender about this. It is better to add this condition in the contract while signing to avoid paying a huge penalty on prepayment. MoneyMutual has lenders that add this option by default in the contract, but just to be on the safe side, you can remind or ask the lender about this.

Competitive Market Rates: This platform offers interest rates similar to the market for bad credit loans. However, if you find a platform that offers lower rates than this company, provide them with the proof, and they'll lower the rate for you.


  • Short-term loans for bad credit
  • Large lending network
  • Services provided are free of cost
  • Encrypted and secure website


  • Only available for US residents
  • Not available in New York or Connecticut

=> Click here to visit the official website of MoneyMutual

#2. Bad Credit Loans – Leading Same Day Loans with Bad Credit Score

Bad Credit Loans is the oldest financial institution on our list. They started their business in 1998. For more than two decades, this company has been providing loans with bad credit to people with a bad credit score. This platform covers you with all kinds of loans, be it debt consolidation, vacation, rent, auto-repair, or more.

The platform also helps customers decide which loan is the best for them. After filling out the form, you can start a conversation with customer support and learn more about the loans. Moreover, they also help you utilize the loan properly and how to pay it back without hurting yourself.

You can get the minimum loan of $500, and the maximum you can take is $10,000. This amount is fixed, and lenders might not help you get a larger amount. You have the option to pay the loan back within three years if you take more than $8000.

Follow the simple steps on the website and follow the criteria given by the company. Bad Credit Loans won't ask for any documents, but the lender will and don't give the lender any extra information other than what they ask. Once the lender is satisfied with the documents, they'll deposit the money into your account in less than 24 hours.


Take Multiple Loans: You can take multiple loans on this platform by filling out one form. The company won't ask you to enter the information again if you apply for another loan. They even facilitate the customers by allowing them to take another loan to pay for the previous one. Get connected to the same lender, and he will give you another loan to pay the previous one. However, use this tactic when you have no other option. Otherwise, you'll get tangled in this loan circle with obnoxious interest rates as lenders charges higher interest rates to repay your previous loan.

Quickest Access to Online Loans: Bad Credit Loans won't take more than a couple of seconds to share the lender's list with you. As you complete the form, press the submit button, and after two or three seconds, you'll see the lender's list. However, if all the lenders are busy and can't offer the desired amount, refresh the list, and you'll see a new batch of lenders. You can always go back and change the amount from the form to get new lenders. The platform will only save your Social Security Number, so if you ever return, you won't have to fill out the whole form again.

Transparency: Bad Credit Loans is transparent about its terms, rates, and working. Everything is available on their website for you to read, and if you want to know more, you can contact customer support. Their customer support is available 24/7, even on the holidays; however, you might need to wait for a few minutes as their customer support is always busy.

Responsible Lenders: The company has strict criteria for picking its lenders. They even keep an eye on you and your lender to avoid getting you in a scam.


  • Eliminates the extra hassle of getting a conventional loan
  • Around-the-clock customer assistance
  • Safe and encrypted platform
  • The website contains helpful information


  • Might ask for personal and financial information

=> Click here to visit the official website of Bad Credit Loans

#3. RadCred – Most Popular Direct Lenders for Online Loans for Bad Credit

RadCred started its financial journey in 2011 and has grown to become a reputable brand that thousands of customers trust. This brand provides no credit check loans to everyone who wants a small amount within 24 hours. In addition, this brand has hundreds of lenders willing to provide loans at the best terms possible.

RadCred makes sure that you get to find a lender, so it keeps updating the lender's list until you decide on one. Unlike other brands, which show you the lenders based on the information you provide and won't update the lender's list until you apply again. This brand first shows you the best lenders and updates the list if you don't like them.

There is no need to talk to any lender for the information. Just open their page; everything is clearly mentioned with all the possibilities. Moreover, some lenders change the terms to facilitate their customers. You can rest assured that you'll get a loan once you are at RadCred.

The only way you won't get a loan is if all the lenders are busy, which happens rarely or on occasions like Christmas or Thanksgiving. People come swarming to such portals for small loans, and they stop their services once they have given loans to enough people in one week.


Higher Loan Amount Is Available: On the website, the company has mentioned that the maximum loan you can get is $5000. However, the lenders on that platform are willing to provide you with a loan of up to $35,000. It all depends on the lender and your salary. You can ask for such a huge loan if you earn more than $4000 monthly. On the other hand, the minimum amount you can get is $1000, but that also depends on your lender. If you can convince them, they can offer less amount in loan, but they'll charge a high-interest rate.

Partner Loan Available: If you want a bigger loan and your income is not enough, you can add your partner's income to the co-signer profile. You might need to provide two accounts from which the lender can deduct the money, but if the information is correct, you'll get the desired loan.

Variable APR: RadCred has variable APR rates ranging from 5.99% to 35.99%, based on the amount you take. They also have a payback period of 3 to 72 months. However, you need to confirm the terms with your lender first, as they might not like you paying back a huge amount quickly since they won't be able to earn interest like this.

Superb Customer Assistance: The customer support at RadCred is always available to help with your queries. The best part is that they'll stay with you until your problem is solved. Moreover, they can also contact the lender on your behalf to clear the confusion between the parties. But they will not help you change the terms the lender offers; they'll only help build a strong relationship between borrowers and lenders.


  • Has competitive interest rates
  • Protects users data
  • Multipurpose loan available
  • The loan application process is simple and convenient


  • Strict eligibility criteria for bigger loans

=> Click here to visit the official website of RadCred

#4. CashUSA – Transparent Financial Institution Offering Quick Cash Advance

For all the residents of the USA, CashUSA is the best online platform for bad credit loans. This company was made with the idea of helping an average US resident get a small loan as quickly as possible. You can get a loan for any reason, and you won't have to provide a reason to the company or the lender. This brand covers whether you want a loan for family trips, house remodels, or more.

The APR offered by this company is 5.99% to 35.99%, which might seem a lot, but when it comes to bad credit loans, this is an average. However, you can bargain with the lender to change the APR to something more suitable for you.

CashUSA has a similar application process as other lenders. Fill out a simple online form, and the company will connect you with the potential lenders. You can check the terms and conditions of each lender and choose the best one. There is no fee for filling out the form, so you can easily back out and select another company on our list.

You might also need to provide your financial information to the lender. They'll check it to ensure that you are eligible for the loan you wanted or not.


AutoPay: The best feature of this platform is autopay, where you can set a date, and the company will allow the lenders to deduct payment from your account automatically. You might need to ask your bank for this as they'll require your authorization. This convenient feature will help you pay the installments on time and improve your credit score. If you don't have any money in your account, the bank will cut it from your credit card with your permission, and you can pay it to the bank. CashUSA will do everything it can to help you build your credit.

Security and Privacy: CashUSA is very serious about their customer's security and safety. Its website is encrypted, and they have people who run tests on it daily to check how immune it is from cyber-attacks. Moreover, they won't share your details with the lenders; they only want them on the form to show you the potential lenders. On the other hand, the company won't save your information on the website. Even if someone hacks into their server, they won't get anything as there is no information saved on the website.

Multiple Payment Methods: If the lender is nearby, you can ask them to provide you with cash instead of depositing it into your account. This works well if you want to purchase something from a convenience store and they accept cash instead of card or account deposit. Moreover, you can also take a cheque from the lender, ask them to purchase something on your behalf, or make a payment.

Education Center on Website: This website has educational information if you want to learn more about loans and how to repay them on time or utilize them properly.


  • Over one million users monthly
  • A secure and safe system protects all user information
  • Easy-to-use services
  • Loan repayments are easy and flexible


  • A lot of information is asked in the application process

=> Click here to visit the official website of CashUSA

#5. PersonalLoans – Well Known Bad Credit Personal Loans Online

The PersonalLoans online platform is the best option if you want a huge bad credit personal loan within one business day. This platform was established to provide bad credit loans of a vast amount at reasonable interest rates. You can take a loan from $1000 to $35,000 based on your earnings because this brand doesn't check your score even if you have zero credits.

Their APR system works a bit differently than others; they calculate the APR based on your installment months and how much loan you took. Unlike other companies, they charge higher APR on small amounts and keep reducing it as the amount increases. You might get a short-term loan at lower interest rates if you calculate everything properly beforehand.

Online lenders on this platform will provide you with the money within the given time regardless of where you are in the USA. However, you must inform your bank that you'll get a loan of $35,000. Otherwise, they might hold the payment until you appear there physically.

PersonalLoans won't ask the reason for taking even $35,000. The lender will also offer suggestions on how to pay it back quickly. You can negotiate the terms with the lender, decline their offers or take it. The company won't charge you a dime for completing the form as often as you like.


Grace Days: PersonalLoans have lenient lenders regarding the repayment time. If you can't be able to pay your installments on the due date, they give you 7-15 grace days for the payment. You can also talk to the lender to give you a break until the second installment's due date, and you can pay both installments simultaneously. The lender will only report your performance to the financial bureaus if you fail to pay two installments. This company might not care about your credit score, but they are bound to report your performance.

Extended Network: If your desired loan is unavailable in the lender's list of Personal Loans, they allow the lenders to check their network and see if someone is offering such a loan. The only problem with the extended network is that those people might not follow the company rules and charge high-interest rates. If you have an emergency, you can accept their offers; otherwise, waiting until a lender from this company can provide you with a loan is better.

Learn About Other Credit-Related Products: As you use its service, PersonalLoans also offer you other products that you might find useful. Some of them are free or available at a discount if you purchase them from the loan you take from the company. Who knows, you might find something useful that you also wanted to buy after getting the loan, and this company is offering it at cheaper rates.

APR Calculator Available on Website: If you want to know how much APR you'll pay on your loan, a calculator is available on the website. While you can easily calculate the total interest, it might not provide you with the live market rates. You might find a different rate tomorrow as the market rates have changed.


  • Obligation-free rates offered
  • Loans are available for up to $35,000
  • Straightforward and flexible repayment terms
  • No early payoff fees


  • Some lenders require bi-monthly repayments

=> Click here to visit the official website of Personal Loans

How We Made This List of Installment Loans for Bad Credit

Bad credit loans are available on multiple platforms; some are favorable for users, while the rest are not. While making this list, we did our best to facilitate the customers. We only opted for companies taking fees from the lenders instead of borrowers. Moreover, lower interest rates and flexible terms and conditions were our priority. Lastly, we made sure that the lenders should quickly transfer the funds, so you won't have to wait for more than 24 hours.

What We Looked For in these Loan Places

  • Reasonable Interest Rates: You probably won't be able to get a bad credit loan at the same rates as the market. The interest rate on such loans will be high, and you have no option but to pay it. However, an impossible interest rate was out of the question, so we opted for those services that charge reasonable interest rates. We also ensured that the APR is not fixed on all loan amounts. If you get a larger amount, the APR should be low, so you won't end up paying a lot. However, these brands might charge a bit higher interest rate for a short loan of $400-$1000.
  • Flexible Payback Period: Choosing when to pay back the monthly installments is a huge convenience. If you choose the payday loan option, you can choose the day when you'll get the salary in your account. We chose lenders open to bargaining and offered flexible payback periods and some grace days if your payment is late before reporting your performance to finance bureaus. On the other hand, they also accept different forms of payments, but you should use your bank account to pay to keep a record.
  • Loan Within 24 Hours: Most of the time, people willing to grab a loan at such terms are in an emergency. So, it would be convenient for them to get the loan as soon as possible. Our choice of companies provides a guaranteed approval of your loan request, and you'll get your loan within the next 24 hours.
  • No Hidden Fees: A transparent brand is most trustable in a customer's eyes, so we chose those brands that are open about their terms and conditions. Moreover, the lenders working with them also take no additional fees or charges except those mentioned in the contract.

Essential Factors to Consider When Choosing Loans for People with Bad Credit

Managing financial situations are tricky. Therefore, you don't want to end up in complicated situations where it is hard to get out. Here are a couple of factors you should consider while choosing a company that offers bad credit loans.

  • Loan You Need

There is no need to grab a huge loan if you don't want it. Some companies might compel you to take a bigger loan simply because they want to sell something. They'll offer promotions and maybe offer fake lower interest rates to change your decision. Repaying a loan is not easy; you have other bills and expenses to make, so it gets hard to repay the loan. So, you should consider the amount you want and opt for the companies that easily provide it.

  • Terms and Conditions

Every lender has different terms to provide a loan; it is better to read the terms and see if they favor you. Since such companies always have multiple lenders, you can check five or six of them and see which one has the most suitable conditions. You must check terms like repayment time, prepayment penalty, grace days, loan approval time, and the interest rate before starting a contract with the lender.

  • Customer Service

A brand with excellent customer service can save you a lot of hassle. If the support answers on time and helps you correctly, you can protect yourself from many scams. Moreover, people always have questions regarding loans, and some answers are unavailable on the internet. At such times, good customer service can help the customer and make the company more trustable.

  • Simple Application Process

No one would like to spend 10-20 minutes filling out a form online. Most traditional financial institutes ask for so much information that people leave the website without filling out the form. You need to find a portal that only asks five or six questions and connects you with the lender. The companies we shared above do that, and you get to know your eligibility within seconds.

FAQs: Loans for Bad Credit

Q1. How to get bad credit loans online?

First, you need to find an online company that offers such loans. We have shared five; choose one of them and fill out their form. They'll review the form and connect you to the best lender based on your provided information. You can talk to the lender about terms and conditions, provide them with the necessary documents, and if they are satisfied with it, you can get the loan in the next 24 hours. This might look like a lengthy method, but it only takes a few minutes.

Q2. Can I get a loan with poor credit scores?

Yes, many personal loan lenders help people with poor credit scores to get a reasonable loan. However, the amount won't be big, and the interest rates will be higher. You can get a small loan and pay it on time to increase your credit score. Keep on doing this until your score reaches over 660. Afterward, you can take bigger loans at much lower interest rates from banks or other institutions.

Q3. How much money can I borrow with bad credit?

That depends on the lender you deal with; the minimum amount you can get is $100-$1000, and the maximum you can get is $35,000-$50,000. However, your income plays a significant role in getting a large loan. After all, the lenders want some guarantee that you'll pay back the money, and they use your income as leverage.

Q4. What's the easiest loan to get with bad credit?

A payday loan is the easiest one to get with bad credit. The companies won't check your credit score; instead, they'll check how much money you get in your account monthly. The more money you get as payday, the bigger the loan you can get. However, some lenders also require you to let them deduct the money automatically from your account. For this, they'll require authentication from your bank for automatic deductions.

Q5. How much interest rate should I expect on bad credit loans?

If the lender is not charging obnoxious interest rates, you can expect to pay 5.99% to 35.99% extra with your monthly installments. If your credit score improves before you pay the entire loan, you can ask the lender to reduce the interest rate to normal.

Final Words: List of Quick Loans for Bad Credit

Getting bad credit loans with guaranteed approval is not very hard, but you must be aware of some factors. We shared that the best companies offering bad credit loans are suitable terms and conditions.

If you want a huge loan, PersonalLoans is the best platform for you. If you want quality service and payday loans, MoneyMutual is an excellent option. Always consider how much money you want before choosing a brand. This can save you from the hassle of taking a higher loan amount, which becomes burdensome while paying back.

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