Compare bad credit Payday cash advance, bad credit Personal Installment Loans and other ways to get the necessary funds for subprime borrowers. No credit check, unsecured loans with quick and easy approval are still available if your credit is far from perfect. Just learn how to borrow wisely and you'll even be able to improve your credit history with the help of bad credit loans.

Loans for ANY  NEEDS
APR from 4.99%

Contents:

Bad credit loans.

What type of bad credit loan should I choose:

Online bad credit loans.

Bad credit loans rates and fees.

Direct lenders guaranteed approval for bad credit loans.

Unsecured loans for bad credit.

Bad credit loans with No credit check.

Alternatives to quick bad credit loans.

Bad credit loans to raise your score.

What are bad credit loans and how do they work?

A bad credit loan is a type of cash advance offered to borrowers with poor, bad, or no credit score. There are a lot of bad credit loan types from online and in-store direct lenders, banks, credit unions,etc.

The main things you need to know about bad credit loans are:

  • Due to higher interest rates they generally tend to be more expensive than usual cash advance.
  • They are riskier for both lender and borrower as can lead to late payments, or default and additional fees.
  • It’s harder to get approved for a bad credit loan by a bank or credit union. But most online lenders provide cash advance even to subprime borrowers.
Must know!
A bad credit score is any FICO score below 630.

Credit Score

Rating

720-850

Great Credit

680-719

Good Credit

630-679

Fair Credit

550-629

Subprime / Bad Credit

300-549

Poor / Bad Credit

You can find out where you are in this gradation through your online bank account or credit card statement or applying for a free score online.

A bad credit seems a great idea when you’re in a desperate need of extra cash, but be careful to think of their consequences. Do your best to repay the loan or it may lead to even more debt in the long run.

What type of bad credit loan should I choose?

First of all, when you have a bad credit score it limits the number of loans you can expect to get. You are not likely to be approved for a bad credit loan by a bank or credit union. But there are a lot of online direct lenders and brokers ready to offer you the necessary cash advance even if you fall under the category of subprime borrowers. They provide bad credit Payday Loans, Installment Loans, Personal Loans, Auto Title Loans, Home Loans, etc. Your choice will depend on the amount you need and repayment plan you can afford.

Bad credit Payday Loans.

Payday loans are the most available and widely used by people with bad credit. They are typically small, usually $100 - $1000, and repaid in a short period of just 14 – 30 days till your next payday. They’re easily approved. You only need to provide proof of income. To get a bad credit Payday Loan is very quick and easy:

  1. Apply online or in-store
  2. Get approved
  3. Read carefully the agreement and sign it
  4. Write a check for the total cost of the loan or give the lender electronis access to your account
  5. Get the money within 24 hours into your account or same day, even in an hour in a loan shop
  6. Repay the loan automatically on a due date.

Be cautious! Use bad credit Payday Loans only in urgent cases as their APR is rather high, repayment period – very short and there’s high risk of not paying the money back on time. You ‘ll automatically be charged extra fees and may get into debt.

Interesting to know!
In fact, the CFPB has found that more than 1/3 of borrowers take out 11 - 19 payday loans a year. ¼ of them owe money to payday lenders for more than 80% of the year. That’s why some states restrict or prohibit short-term cash advance by capping interest rates.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Bad credit Installment Loans.

Named for the method of repayment, Installment Loans are paid back in regular, typically monthly payments. The terms vary from 3 months up to 7 years. You can apply for an Installment Loan of $1000 - $5000 online or in-store.

The requirements may vary by lender, but mostly in order to qualify you only need an active checking account and stable income the minimum amount of which will depend on your credit score and the size of your loan.

Finding a lender offering bad credit Installment Loans won’t be a problem. But comparing the companies check out all the details:

  • Monthly payments,
  • The APR,
  • The length of the loan,
  • Additional fees,
  • Early or late payment fees.

All these factors may influence the total cost of your loan. To fins out how much it will be use our Installment Loan calculator.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Bad credit Personal Loans.

A bad credit FICO score below 630 won’t keep you from getting approved for $5000 - $35000 Personal Loan. You may even find online dircet lenders specialized in offering loans to people with bad credit. These companies take into account your income, employment as well as credit scores and history when deciding whether to approve you. Besides, their requirements are more flexible than banks’.

While bad credit is not a problem with small-dollar Payday cash advance and Installment Loans, Personal Loans require a special treatment. The amount is rather high and its default may lead to serious financial problems. So, it’s recommended that you first visit your local credit union or bank when looking for a bad credit Personal Loan. They may offer more flexible repayment terms and lower interest rates than online lenders, especially for people with bad credit.

The maximum annual percentage rate at a federal credit union is 18%.

If you can’t get approved for the necessary amount through traditional financial institutions, compare Personal Loan offers from direct lenders online. The quickest and easiest way to do it is to pre-qualify for a loan filling out a simple free application form.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Bad credit auto loans.

Bad credit auto loans differ from traditional loans for buying a car by a higher APR and a lower loan amount. The only reason for these less favorable conditions is the risk the lenders take offering cash advance to people with loan defaults in the past.

Since auto loans are secured with cars as a collateral, it’s not a problem to find a reputable lender who will approve you for a bad credit auto loan. However, it doesn’t mean you can take it easy and not be cautious. Beware of unscrupulous dealers and don’t pay interest rates in the high double digits or sign for a loan with terms longer than five years.

Bad credit home loans.

Finding a home loan with bad credit can turn rather challenging, but there do exist lenders offering home loans for borrowers with a poor credit. But it doesn’t mean you must necessarily use this option. Purchasing a home is very serious and you should consider all the variants and shop carefully for the best deals.

To find a home loan with bad credit try:

  • Mortgage companies
  • National and community banks
  • Credit unions
  • Online direct lenders
  • Online brokers
  • The U.S. Department of Housing and Urban Development Lender Search List.

To qualify for the lowest interest rates, you typically need good credit score not less than 750. In 2016, 60% of mortgage borrowers surveyed had credit scores of 720 or higher, according to data from the Federal Housing Finance Agency and Consumer Financial Protection Bureau.

If you have bad credit score, your chances to find a Personal Loan lender decrease while the interest rates increase.

Besides, the CFPB warns that these bad credit Personal loans can often put borrowers at risk of default. Maybe, you’d better wait to buy a home when your credit score improves.

Keep in mind that if you fail to cover a monthly payment, it results in your balance growing every month because the unpaid interest is added to the unpaid balance on your loan. So plan your budget beforehand to make sure you can handle this cash advance.

Why choosing online bad credit loans?

Bad credit loans are really widely offered and highly available online. Online borrowing gives you plenty of advantages which focus on making the service easy and quick:

  • Guaranteed instant approval: if you fill out an application online you are likely to get instant decision from a lender whether you qualify for this loan or not. You’ll instantly know what amount you can borrow, and what your payments will be. Due to high approval rates online loans are called guaranteed even for bad credit borrowers.
  • Better interest rates with no hidden fees: though bad credit loans are known for higher rates, online borrowing lets you shop around and find lenders who charge less than you’ll pay elsewhere.
  • Easier applying and approval process: Online lenders are more likely to approve subprime applicants and approve you with No credit check using “alternative” information to evaluate your creditworthiness (such as employment history, utility payments, income and even data from your social networks).
  • Most online bad credit loans are unsecured: you don’t have to back the loan with any guarantor or collateral which is less risky. You are not gonna lose any of your property if you fail to repay the loan.

Getting a bad credit loan online is similar to getting a loan anywhere else – although it will probably be faster and easier.

You’ll need to fill out a free online application form with personal information such as your name, e-mail, social security number and address. Depending on the lender, you’ll also need to provide financial information (such as information about your job and income, your expenses, and more).

  1. You pre-qualify for a loan and get an instant decision from a lender.
  2. If you are approved, you receive the money into your bank account within 24 hours.
  3. To get started, just state the necessary amount and click Apply button. The process should take about 10-15 minutes. For ideas on lenders, look through the top offers:

TOP RATED COMPANIES

Rates last updated July 16th, 2019
4.4183445190157

LEND YOU

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

17,5%
MIN MPR

The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

4.7032374100719

Check Into Cash

$1,000
Maximum Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Check Into Cash is a national leader in direct lending, providing customers with affordable, short-term, small dollar credit solution such as Payday Advances, In-Store Cash Advances, Online Payday Loans, Title Loans, Title Pawns,Check Cashing, Western Union®, walk-in Bill Pay, and reloadable prepaid U.S. Money Cards both online and in their in-store centers nationwide. They offer reliable service, affordable rates, simple requirements and convenient repayment. Compare the reviews on Check Into Cash and their products, fins out all you need about this company and apply for the service you need.

4.8275862068966

Loan By Phone

$1500
Maximum Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

260.71%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Online cash advance is really quick, easy, and confidential with LoanByPhone. They offer Payday Loans, Installment Loans and Line of Credit for both good and bad credit score customers. An easy, online application that takes only minutes to complete will help you get the approval and necessary funds as soon as possible. LoanByPhone makes the loan process really easy and mobile. Ypu can apply on the go, get funds quickly, and manage your account, all from the device at your fingertips.

4.6969696969697

Greenlight Cash

$1000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varies by state
MIN MPR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Need a financial support? We’ll find you the money when you need it most!

Online loans up to $5,000. 

Any credit is welcome.
Have less-than-perfect credit but still need a loan? It’s not a problem! Submit a request, and we’ll find a lender that will be willing to work with you.

Simple online process.
No lines and no extra paperwork! It takes a few minutes to fill out our short online form, submit it and get a quick decision from a lender.

ONLINE COMPANIES

Rates last updated July 16th, 2019
4.0322580645161

Your Faster Payday

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN APR

The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

4.375

Fast Holiday Loans

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

200%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Get cash for the holidays! Get a loan of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source
4.5714285714286

Bad Credit Loans

Available for Bad Credit

BadCreditLoans.com has been in the business of helping people since 1998. We make it simple for consumers to get the funds they are looking for online.

We offer: 

  • Bad Credit Personal Loans
  • Bad Credit Business Loans
  • Bad Credit Credit Cards
  • Bad Credit Mortgage Loans
  • Bad Credit Home Loans
  • Bad Credit Student Loans
  • Bad Credit Auto Loans

What rates should I expect with bad credit loans?

Typical APR for bad credit loans ranges from 7.69% to 35.99% for Personal Loans while for Payday cash advance the average APR will be about 430% and higher.

Rates vary from lender to lender, but you can see a representative example of bad credit loan cost depending on your credit score:

How's your credit?

Score range

Estimated APR

Excellent

720 - 850

13.9%

Good

690 - 719

18.0%

Average

630 - 689

21.8%

Bad

300 - 629

27.2%; lowest scores unlikely to qualify

Besides, you can use our Bad Credit Payday Loan Calculator, or Bad Credit Personal Installment Loan Calculator to estimate the cost of your loan online for free.

PayDay Loan Calculator

?
Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
?
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
?
To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
?
It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Do direct lenders guarantee approval for bad credit loans?

Though most direct lenders promise 100% instant approval even for bad credit loans, it doesn’t mean you are really guaranteed to get the amount you need. There do exist certain exceptions when a direct lender can reject your application:

  • Your credit score is too low, or you have no credit history at all;
  • You have too low income;
  • Your income is not regular;
  • You already are in debt;
  • You've applied for too many loans recently;
  • You provide inaccurate personal and financial information in your application;;
  • The lender can't verify the financial information you’ve provided.

In order to get the necessary bad credit loan and to raise your chances to approval you need:

  • Be between the ages of 18 and 65 years old
  • Reside in the United States
  • Have an active bank account
  • Submit a debit/ credit card as a fallback solution
  • Provide a valid cell phone number and e-mail address.

If you meet these basic eligibility criteria, you can qualify for a bad credit, no credit and even limited credit loan. And our comparing service will help you find the most competitive rates and affordable terms.

Unsecured loans for bad credit.

When you decide to apply for a bad credit loan you have two options: secured and unsecured cash advance. To choose the most suitable one you need to know the details of each:

Bad credit loan type

Definition

Meaning

Examples

Secured bad credit loan

It’s backed by some property as collateral, typically a vehicle or house.

It means that if a borrower is unable to repay the loan, the lender can use the collateral to recoup their losses.

Mortgages, car title loans, and pawnshop loans.

 

Unsecured bad credit loan

It’s not backed by any collateral or guarantor, the borrower's creditworthiness is taken into account.

It means that a borrower signs a contract which states that if he fails to repay the loan according to the terms and conditions, the lender may pursue collection of the money owed through a collections agency or other legal mechanism.

Payday Loans, personal installment loans, credit cards, and student loans.

Whether or not you need collateral to get a bad credit loan depends on your credit score, how much you need, and what company you choose to work with.

Is there a chance to find a bad credit loan with No credit check?

If you find yourself in urgent need of cash advance to pay for education, home, car, medical bills, debt consolidation, etc., online bad credit loans may turn up a real help, especially for those without credit history or with lack of credit.

Even more appealing for such consumers are No credit check loans.

No credit check means the lenders don’t use your credit report to determine your eligibility for a loan. This guarantees instant approvals and an easy way to get the necessary funds.

Before you decide to apply for a bad credit NO credit check loan consider a few important points:

  • Surf the internet for more details on no credit check loans,
  • Avoid loans from predatory lenders by checking the interest rates and repayment terms,
  • Make sure that you can really afford this loan, otherwise you risk damaging your credit history even more,
  • Take into account all pros and cons of bad credit No ctredit check loans:
Pros
  • No credit check lenders guarantee a quick approval as they don’t waste time on credit history inquiries. 

  • Bad credit is not a problem for getting a No credit check loan. 

  • Simplified application process online with no faxing, no paperwork, which allows to get instant decision and the funds on the same business day. 

  • High approval rates due to simple eligibility requirements. 

  • No prepayment penalties. 

  • They can help you raise your credit score.

Cons
  • Lenders charge higher interest on these loans because they are risky.

  • The amount you can borrow is limited.

If you’ve followed all these tips and are still going to apply for a bad credit No credit check loan, use our simple application form, just state the necessary amount and we’ll find you a suitable lender in no time.

Warning and alternatives to quick bad credit loans.

As bad credit loans are likely to be considered rather risky you may need to consider other alternatives to get urgent cash:

Bad credit loans alternatives

Their benefits

Credit cards

Grace period, no hard deadline for paying off the balance

Intallment Loans

Amounts ranging from $500 up to $35,000, longer repayment period

Home Equity Loan

As it’s secured by your home as collateral bad credit is not a big deal

Advance from your employer

There’s no interest to pay.

Unsecured, or secured Personal loan

Higher loan amounts for longer terms

Credit union loan

Lower interest rates

We do understand you need money fast, but we must warn you not to hurry taking such a serious decision. Consider all the options. Or let us do this job for you – fill out a simple application form online and wait till we compare and match you with the best suitable offers.

Take advantage of bad credit loans to raise your score.

If you want a bad credit loan help you raise your score you should look for lenders who will report your payment information to the credit bureaus. And of course, this information must be positive – no way you default your payment or pay off late.

Raising your credit score will be the result of your ability to manage your debt and your finances responsibly. To make sure you will be able to repay on tome choose a bad credit loan with more affordable terms, usually it’s Bad Credit Installment Loan due to longer repayment period and flexible monthly installments.

Besides, control your expenses, don’t spend more than you have to. Apply for a bad credit loan only if you have really urgent unexpected expenses.

Do your best to improve your credit score and in the future you won’t have any problems finding an online direct lender or getting approved by a bank or credit union for any necessary amount.