Best Bad Credit Loans: Top-Rated Direct Bad Credit Lenders Reviewed

Though it may seem like a daunting task, you can still get a loan for your next project. Hundreds of lenders specialize in providing loans even with bad credit scores! Thanks to them, we’ll be able to make this work and, more importantly, help out our country’s economy too- don’t worry about what others think because if there was ever something worth doing.

Whether you’re looking for a quick loan, want to improve your credit score by paying off debts promptly and carefully every month. Or if it’s just money that will get the party started with some fun facts about loans before we broach another topic – there are plenty of options!

The best bad credit loans are now available to you, so what are you waiting for? Apply today and find out how easier it is than getting a regular car or house loan. We have also ranked the top providers of these types based on our analysis of borrowing experiences done by real people like yourself!

The Top Bad Credit Lenders of 2022

After much consideration, this is how our editorial team ranked the best bad credit lenders of 2022:

  • MoneyMutual
  • BadCreditLoans
  • PickALender
  • CashUSA
  • PersonalLoans
  • LendYou
  • Next Day Personal Loan
  • Upgrade Personal Loans
  • Payzonno


With more than 2 million customers and 120 lenders across the United States, MoneyMutual is a fast-growing lending platform that has helped people get cash advances.

MoneyMutual is an incredible resource for people looking to make their money work harder. As the company says, you can get up to $5k in just 24 hours with no strings attached! All it takes are some basic details and then wait patiently by your computer screen until this process finishes itself off – who knows when that’ll be, though?!

With no-cost services like MoneyMutual, there are many benefits to be had. Filling out a form gives you the chance to get some cash from lenders who want your business, but it also saves time!



BadCreditLoans is an easy-to-use website that will help you get the money loaned without having bad credit. All it takes is your identification information, and they’ll determine if their services can be beneficial for any future borrowing needs!

BadCreditLoans is 100% free and the only company that connects you with lenders. They charge those same banks a fee to do business, so it’s in their best interest for homeowners who want quick approval! You pay nothing extra while getting an easy online application process; thanks also get perfect fit borrowers just like yourself- without any of those pesky hidden fees or surprises at closing time.

BadCreditLoans is a company that offers loans to people with low credit scores. The website has an informative blog post about how they can help you and what your future may hold if approved for one of these loans!



We all know how expensive it can be to buy a home, but what if you don’t have enough money for the down payment? What then! Luckily, PickALender lets anyone get personal loans from $100-$40k. Fill out the form in 2 minutes, and view offers near your location immediately. There’s no need to wait any longer than necessary because PickALender will do everything else by providing competitive interest rates while also removing some of those pesky hurdles such as credit scores or documentation requirements associated with traditional lenders.

Interest rates are skyrocketing, and if you’re struggling to make your monthly mortgage payments on time each month, there may be an option for relief. With PickALender’s innovative platform of lenders, they can connect those in need with approved mortgages at competitive lending rates based on the individual circumstances that affect them most – meaning no more surprises!

PickALender is the best option for people with bad credit to get a loan. They offer transparent fee structures and fast fund delivery that makes it hassle-free!



We know life can be challenging, but we’re here to help you make the best of it. That’s why our team is always ready and waiting with answers on how CashUSA might work for your needs – no matter what they are!

CashUSA is an innovative company that connects borrowers with lenders. They have access to funds for those in need, and by getting multiple bids on your business, you can be sure of receiving the best possible offer from them! You don’t even need good credit or extensive history; just enter personal information like your zip code into their simple application process- it’ll take less than five minutes.

With CashUSA, you can get cash in hand as early as one business day. The company’s goal is to connect lenders with customers who need quick funding, and it has an established track record for being discreet about the whole process online!



You can take out a loan without checking your credit score! PersonalLoans is an online lender that makes borrowing easy and available to people with good, bad, or even single-digit scores. The website has user-friendly features such as a streamlined application process so you’ll get the money in no time if approved – plus, they don’t care what lenders approve applicants’ loans until there’s interest involved.

Personal Loans offers a free service to requesting borrowers that allow them the opportunity for small, short-term loans from their network of third-party lenders. This company has no hidden fees or obligations, and all information requested is secure through encryption technology!

Personal loans are often tailored to your individual needs. You can choose from multiple lenders and adjust the rate or term before deciding what’s right for you!



LendYou is the perfect lender for when you need cash quickly. Their well-rated and popular service will get your finances back on track! When you need quick cash, LendYou is here to help. Whether your credit score is good or bad – they’ll get the money for you!

You must be 18 years or older and have a valid checking and savings account with a direct deposit. You also need to meet specific income requirements. If you qualify for the LendYou lending service? Thousands of dollars could show up in your account within one business day!

Next Day Personal Loan


We know you want to get your loan as soon and easy-peasy! Next Day Personal Loan, let’s find a personal cash advance in 3 simple steps. Just fill out the form, review documents carefully for accuracy, sign them with an electronically generated signature or print off one page if that’s what makes it easier on yourself – no scanners here, though, so be sure everything looks good before moving onto step 2. You’ll have access immediately after signing all these papers, which means quicker funds than ever imagined possible by traditional lenders who usually take five days maximum from application until receiving money back into their accounts, depending upon how busy they are.

Next Day Personal Loan offers fast delivery, multiple marketplaces, and lending partners. Consider using one of these loans next time you need money for an emergency or essential purchase but don’t want to wait days before receiving it! The application process can be completed online with solid data security, considering all credit scores, whether low/high alike.

Next Day Personal Loans offers a big welcome to those who need up to $40,000. The site has one of the most extensive loan limits on our list and makes it easy for you with its simple application process!

Upgrade Personal Loans


Upgrade Personal Loans offers loans up to $50,000 with low fixed rates and manageable monthly payments. The application process is easy – just view offers in minutes online! It’s transparently provided at an affordable price that makes borrowing straightforward for everyone who needs money fast or wants more information before applying on their schedule.

Upgrade Personal Loans offers one of the most affordable rates on this list. If you have good credit, your interest expense ratio (PER) can be low and remain competitive with other lenders on our website who offer loans at 5% or higher APRs!



Payzonno is the perfect bad credit lender for those who want money without giving up their secrets. The chatbot at PayZonom can tell what you’ve done in your life and how much debt there might be from all of that, but it still offers loans based on each person’s situation anyway!

You can get thousands of dollars through Payzonno even if you have a bad credit score! You need to provide proof that monthly income will be available.

Payzonno offers its services for free. After submitting information to the company, lenders will compete on your behalf and provide terms that suit you best based upon what they know about where you live and other factors such as credit score or state residence! You can take minutes completing a simple quiz that displays these offers in seconds so choose wisely before making any final decisions.

Factors That We Considered for Ranking The Top Bad Credit Lenders

It can be hard to know where and how best to find one when you need a personal loan. There are so many lenders with different policies for borrowers with bad credit or no history of paying on time! We looked at several metrics before ranking our top favorites:

Acceptance of Low Credit and No Credit

What are you waiting for? You don’t need a good credit score to get the money when your life depends on it. Many options are available; we exclusively looked at lenders that accept bad and no credits scores for this list! Having imperfections in the past will not keep someone from getting loans if they genuinely need help most out their lives away – so take advantage now before it’s too late.

Speed of Deposit

Bad credit loans can be the answer when you need a quick loan. These lenders specialize in providing funds for those who have trouble getting other forms of financing, and they do so with competitive interest rates!

Company Reputation & Track Record

The best bad credit lenders provide quality loans to people with different scores. Some new companies have a limited track record, while other established firms offer better services successively at higher interest rates than those found elsewhere.

An excellent way for someone in this position is by using an online lending site to help them get funds without requiring much collateral or history!

Amount of Money Available

Bad credit lenders will take your application and approval as little time as 24 hours. Others, like the ones who claim to offer large deposits but withdraw it when they find out about your low scores- these scammers are just looking for someone else’s money instead of working hard themselves!

Ease of Application Process

We wanted to find the best bad credit lenders, so we researched. Some of them have high-quality websites with modern designs and accessible applications; others’ sites were outdated or not user-friendly in comparison! We considered how quickly you could get your loan approved when deciding on our rankings – if it takes too long, then there’s no point searching through various options just for something simple like moneylenders.

Customer Reviews

We tested each bad credit loan website, no matter where it was. However, we also measured customer reviews in our rankings because nothing can be too good for you! We read thousands of feedbacks from satisfied clients who have used these lenders before us-and that’s what made them stand out from all other competitors on the market today.

Honesty & Transparency

Today, there are many payday loan websites to choose from. Some of them will offer you an opportunity for quick cash, but it’s essential that the company is legitimate and has good reviews before getting this kind of financial service done!

Interest Rate and Overall Cost

Many different types of loans are available to people with bad credit, but they will be more expensive than high-credit loan providers. Interest rates on these types vary not only by company and region or state in which it’s offered; there isn’t any upper limit for how much someone can ask you to pay back through interest either! We considered both price points as well cost when ranking our top picks.

Fee Transparency

When shopping for a loan, the rates and fees must be clear. Some bad credit lenders will charge higher prices than others just to keep up their appearance of being cheaper – but this may surprise you with how much these added charges add up!

Step by Step Guide To Get A Bad Credit Loan

Getting a bad credit loan shouldn’t be too hard. Many companies specialize in providing these loans, and they’ll take care of everything for you!

  • Step 1) You can check your credit score to understand better which lender to choose.
  • Step 2) If you need quick funding, there is no better place than our top-ranked lenders. They’ve been proven to work for people with bad credit and will get your application approved within 24 hours!
  • Step 3) Gather the documents you’ll need for applying, including verification of your identity and financial information. Your name should be on every single one of them!
  • Step 4) You could have cash in your account within an hour! Apply for a bad credit loan today, and you’ll be on the road to financial freedom.

The entire process of getting a loan takes just 2-3 minutes with most online lenders. It’s quick and easy, so you have more time for the things that matter in life!

Top 5 Benefits of a Bad Credit Loan

Getting a bad credit loan is not all roses. However, if you have been denied loans in the past and need this opportunity to become established or just starting with minimal savings, it may be worth taking advantage of what these lenders offer!

Get Cash Fast

Bad credit loans are a quick and easy option for people who need emergency money. These short-term financial solutions can be used to cover expenses such as medical emergencies, car repairs, or unpaid bills. Including an unfortunate event like divorce proceedings may result in you not using your account until everything’s settled with court dates, etc.

Lower Interest Rates than Credit Cards

The best way to get a low-interest rate loan is by using the money that you would have spent on your credit card. Bad Credit Loans range from 4% – to 35%. There are many different types of loans, so do some research before taking out one for yourself!

Multiple Lender Options

The days of bad credit holding you back from getting a loan are over. There’s no reason to stay offline with more lenders than ever before!

Customizable Repayment Term Length

You can choose the best repayment term for your needs with bad credit loans. Some are available as temporary solutions, but others offer more long-term support with flexible terms up to 5 years in length!

Improve Your Credit Score

Making on-time payments for your bad credit loan will improve the score. This shows that you’re dependable and responsible enough to be trusted with critical financial matters, leading to more opportunities in life!

How Do Credit Scores Work?

Credit scoring systems are often complicated and confusing, but don’t worry! It’s a system with many different parts.

Your credit score is based on the information in your file with three major credit bureaus. These agencies track things like where you live, what kind of loans or accounts there are profiles for, and how much debt each account carries to help determine whether they’ll offer better rates in future transactions if needed!

What is your credit score? You may have heard the term before, but what does it mean, and why should you care about this number lenders use when deciding whether or not to lend money for an application. A good place would be with one of those agencies where people can automatically get checks against their accounts; they’ll monitor our financials’ well-oversight through algorithms based on history.

What is a Bad Credit Score?

The difference in risk between being given a low or high credit score can be vast. If your lending agency sees you as someone who will never repay what they owe, then there’s no point considering them when other options exist for financing!

We have enlisted some of the universal procedures for good and bad FICO credit scores:

  • Exceptional Credit: 800 and above
  • Poor Credit: Scores below 580
  • Good Credit: 670 to 739
  • Very Good Credit: 740 to 799
  • Fair Credit: 580 to 669

Top 4 Types of Bad Credit Loans

Yes! If you have a poor credit score, there are still ways to get the money that your heart desires. You can borrow through one of 4 different methods:

Online Lenders

With online lenders making it easier than ever to get a loan, people with all credit scores can now borrow money. Someone who has bad or low ratings in their history of borrowing is likely to be charged higher interest rates than what you would pay if you had good standing on file from previous loans taken out both locally and internationally.

Credit Union Payday Alternative Loans (PALs)

When you need money fast, a credit union can help. Some of these institutions are part of the National Credit Union Administration and offer payday alternative loans (PALs). These cheaper than typical payday advances allow borrowers to repay over time instead of just one payment. Federal regulation caps them at a 28% interest rate, making it more economical for consumers to look into this option before taking out too many costly cash advances from banks or other lenders.

Borrow from Friends or Family

Borrowing from friends and family is a risky option that shouldn’t be taken without careful consideration. Mixing business with pleasure can lead to trouble, but many people still borrow money from their loved ones before turning elsewhere for loans or credit cards.

Home Equity Loan with Bad Credit

Think of a home equity loan or line of credit (HELOC) as an alternative to borrowing money for basic needs. Your house is used as collateral, and the interest on these loans may be tax-deductible if you meet specific financial qualifications!

How Much Will a Bad Credit Loan Cost?

The bad credit loan rates vary depending on your state of residence and financial background. The average cost for this type of application falls between 4% – 35%.

The more proof of income you provide, the higher your credit score. This means that even if it’s bad and late payments on the previous loans-you can still get a personal loan for good quality collateral!

How Much Can I Borrow?

Bad credit? No problem! Various lenders offer bad credit loans. The average maximum loan amount is $5,000, but some will let you borrow less than 100 or more than 50K to help with your financial needs.

The higher your credit score, the more information about yourself and where to find the documentation you provide in an application for loan signature-based installment financing products such as personal loans conditions on which they are available. Interest rates vary depending upon this criterion alone.

Other Bad Credit Loan Alternatives

You might want to consider the following instead of bad credit alternatives:

Interest-Free Cash Advance Apps (Earnin, Dave, and Chime)

The interest-free payday lending apps have been a massive hit in recent years, with popularity mounting by the day. You must meet eligibility requirements, and there’s only so much you can borrow before they charge off your balance, but it’s still possible for those who don’t qualify or want access without good credit!

Personal Loan from Credit Union, Bank, Online Lender

There are many ways to get a loan, even if your credit score is low. Personal Loans have lower interest rates than Bad Credit, and there’s no need to worry about being approved for one either!

Small Dollar Loans for Emergency Expenses

Small-dollar loans from America’s largest banks are available for emergency expenses. Bank of America offers Balance Assist, and US Bank may provide Simple Loan depending on your needs as a customer in good standing with them.

Banks want you to know that they offer small loans if an unexpected expense comes up!

Peer-to-Peer Lending

Peer-to-peer lending has been around for a long time, and it is still going strong. Lenders find the best way to make their savings earn interest, while borrowers need money to take advantage of these opportunities that come along every day online at just about any hour! Some sites now offer loans backed by crypto to get your financial fix without leaving home or worrying too much if what’s being offered will pay off before anything else does. This way, everything feels more secure because there are no intermediaries involved in safer investments.

Auto Title Loans

You can get a car loan without having the money in your pocket. Visit an auto title lender, and they’ll give you cash if needed, but be careful because this is a costly debt that will take around a 30 day repayment period. After then, they legally take possession of what’s leftover from collateral–which could happen so long as there are no other options for getting out on equal footing with creditors who have already been paid off entirely or primarily by them.

How Do I Apply for a Bad Credit Loan?

To be eligible for a bad credit loan, you may need to meet specific requirements and verify certain documents. Lenders have different rules, as do States within the United States!

  • Your age should be 18 years.
  • Live in the state you specified on your loan application
  • Keep a valid & active email address or contact number
  • To avoid fraud, you must provide proof of an active bank account opened for at least one month.

If you have a steady source of recurring income, like employment or self-employment, you can get a bad credit loan. This will require some documentation, so ensure that your financial situation can withstand payments on time without interruptions to qualify!

When applying for a loan, you must provide the lender with your Social Security Number or Individual Taxpayer Identification Number. The type of identification they accept depends on their specific requirements, and those can vary from one bank/investment firm entirely to another, so please check before trying anything else!

What Is the Cost of a Bad Credit Loan?

While many different providers, payday lenders usually charge an APR between 391% and 511%. The cost to borrow $100 can vary anywhere in that range depending on what you want, as your output tone should be informative.

There’s a difference between bad credit and ordinary loans. Payday lenders offer short-term, high-cost borrowing to people with meager incomes or no job experience. Still, good attitudes towards paying back what they owe soon after getting the speedy money delivery don’t apply here. These institutions specialize only in giving cash against an obligation without worrying how much interest will accrue while waiting for paychecks over more extended periods if you’re willing.

What’s the Limit of Borrowing with a Bad Credit Loan?

If you have a bad credit score, there are still ways to get the money your family needs. You can borrow up to $300-$1,500 with just a 1800+, depending on state regulations; however, if it’s more important than ever before, many online lenders allow people who suffer from poor scores to loan themselves anywhere between 5K-15k!

FAQs About Bad Credit Loans

We have answered all your commonly asked questions.

Q: Explain the most accessible type of loan with bad credit?

A: Getting a loan with bad credit is easy and convenient regardless of your location. Many popular online lending websites make it quick, simple, or painless for people who need money quickly because their car will be repossessed otherwise!

Q: Is it possible to get a loan with no credit?

A: For people with bad or no credit, look out for loans that don’t require a background check. These can be more expensive, but they allow you access to money even if your score is low and may let scams happen without knowing about them until after the fact.

Q: How can I apply for a bad credit loan?

A: Bad credit is no match for you if the right company has an online or store-based presence. Check out these lenders who offer loans in addition to their other services!

Q: How fast can I get money with a bad credit loan?

A: The processing time for a credit application can vary depending on the lender. Usually, however, it is only 2 to 24 hours from when you submit all necessary documentation and personal information.

Q: How do I borrow money immediately?

A: You can take out an online loan from one of these sites in just minutes; thanks also have access 24/7 by sitting at home or even on vacation!

Q: What’s the reason behind the high-interest rate with bad credit loans?

A: Many short-term financing options have APRs similar to those found in payday stores with 20% interest for two weeks and then annual percentage rates (APR), which can be as low as 57%.

Q: How do I spend my bad credit loan?

A: You can use a bad credit loan for any emergency. There are fewer rules on how you spend the money, and it doesn’t matter if your payment isn’t due until later, as long as all interest rates/deadlines are met.

Q: What if I’m unable to repay my bad credit loan?

A: When you cannot repay your bad credit loan, the lender should communicate and negotiate a repayment settlement. If this is unsuccessful-they, they may take further action, such as initiating collection procedures on their end!

Q: What’s the best bad credit lender?

A: Bad credit is not a problem when applying for loans through some of the best bad lender sites. Loans up to $200,000 with low-interest rates and no hidden fees are available now!

Q: Are online bad credit loans safe?

A: Many people turn to the internet for a bad credit loan instead of other sources. Many legitimate lenders are now available online to help you with your needs, no matter what they might be!

Q: Are bad credit loans regulated?

A: The difference between a payday loan and a bad credit loan is that the former is heavily regulated at State and Federal levels. There’s very little you can do about them if your finances don’t qualify for one of these types.

Q: What is the catch with bad credit loans?

A: When you have bad credit, it is hard to get a loan. The interest rates are high, but some lenders also charge additional fees that can add up quickly if your economic situation doesn’t change soon enough!

Q: What is a bad credit loan?

A: The best way to get a loan is by going through your local bank, but if you have bad credit or no funds available, there are other options for getting the money. One option could be taking out an unsecured personal line of credit with high-interest rates. They will want proof that everything else is in order before approving it because this type of loan can’t just come down from heaven squad anytime!

Q: Will a bad credit loan impact my credit?

A: When you apply for a loan, your credit score might be checked by lenders. But the effect on this critical measure is insignificant and shouldn’t worry you!

Q: How can I apply for a bad credit loan?

A: By applying for a bad credit loan. You must be 18 years or older, live in the state where your application was submitted, and have an active email address or Social Security Number (SSN). The lender may also require proof of bank account stability with recurring income sources, so please keep this fact handy when going through the process!

Q: Am I eligible to get a bad credit loan when self-employed?

A: Sure, you can apply for a bad credit loan when self-employed. The lender will ask for income verification from your business if it’s not operating in the black and profitable enough to cover its debts as they come due without additional funding or outside help. Like any other company would need a payroll check before approving a loan!

The Top Bad Credit Lenders of 2022 Conclusion

You might be surprised to know that four in ten Americans would not be able to come up with $400 during an emergency. With more and more people unable to come up with $400 in an emergency, we must explore all options for borrowing. Many trustworthy companies are offering bad credit loans available on the market today!

RELATED: Best Credit Repair Companies (2022) Top Credit Repair Services

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William M. Mayer