Bad Credit Personal Loans

A bad credit personal loan is a financial instrument that is used by thousands of Americans to help alleviate the pressure on their paychecks. If you have a poor credit score but need to borrow money, we may be able to help you get approved for a short term loan.

Why Choose

We get a Americans approved everyday that otherwise may find it very difficult to get a loan. The entire process takes place online. If we are successful, you will receive an installment loan offer from one of our trusted lenders.

Personal Installment Loans $100 - $50,000


You decide if you want to accept or decline the personal loan offer. Chances are we have a secure lender in our network that could be a great fit for your credit situation.

Why a Personal Loan if You Have Bad Credit

If you find yourself in need of quick funding then there certainly options that you should analyze. A personal loan is one of the many lending options that may help you obtain the financing you need fi your credit report has hurt your in the past.

Advantages of a Personal Loan

These short term loans have many benefits that you do not find in traditional loans. Here are a few of the positives.

  • No Hard Credit Checks - Most subprime lenders do not check your credit report with the main 3 credit bureaus, Experian, Equifax, and TransUnion. They may check industry specific reports such as Teletrac. 
  • No Collateral - You do not have to use your personal possessions as collateral against the loan. The loans are based solely on the lenders analysis of your application and your perceived ability to repay the loan on time.

  • Fast and Convenient - Lenders can typically make a decision in minutes instead of hours or days. You could be approved in the next few minutes and see the funds in your bank account by the next business day.

  • Fixed Rates and Payments - Before you accept a personal loan offer you will be able to analyze the interest rates and payment amounts. Decide if the terms fit your budget and go from there. The interest rate and payment amounts do not change during the term of the loan.

  • Online Approvals - You can complete everything from your computer or even your smartphone. You do not have to fax documents or try and figure out that old scanner you’ve had in your office for years.

  • Larger Amounts - You could be approved for up to $50,000 without putting your home up for collateral.

Disadvantages of Personal Loans

Of course personal loans are not perfect and there are some aspects that you will want to consider before committing to any legal agreements.

  • Higher Interest Rates - Because personal loans are unsecured your can expect to pay a higher interest rate. When lenders do not have collateral to fall back on, they charge and high interest rate because they experience a higher default rate. Lowest rates will likely be found with collateral required.

  • Shorter Payment Terms - With home loans and auto loans you have years to repay the principal and interest. Unsecured short term loans usually allow months to repay instead of years. Make sure the monthly payments fit your budget and the loan terms are right for you.

  • Must Have a Bank Account - In order to receive a loan from an online lender, you need an open and active checking account. Financial institutions send the money direct to your account and then debit the money from the same account when your payments are due.


Top Reasons People with Poor Credit get Personal Loans

There are endless reasons why someone with bad credit history might apply for a personal loan. Here are a few of the main reasons we run across.

  1. Home Improvement - Almost everyone has a few projects around the house they would like to change or fix. More and more people turn to short term financing to cover home remodels.

  2. Pay Off Credit Cards - In the past, whenever the average person wanted to borrow money they would just charge to their credit cards, racking up large balances that are hard to pay down. A small loan amount that pays off the credit card might be a good choice if you qualify for a lower interest rate than your credit card is charging.

  3. Vacations - You’ve been working hard all year and now see a small window where you can get out of town. However, your end of the year bonus or tax refund is still several months away.

  4. Money for Moving - You need to move in the next couple months and find out quickly that it is going to cost more than you expected. You need a truck and a down payment on your next house or apartment.

  5. Medical Bills - Always an expensive endeavor every time you, your family, or even your pet need to visit a medical professional. Personal loans for bad credit can be a quick fix to a medical bill that is coming due.

What is Required to Get a Personal Loan?

Getting a personal loan can be pretty simple, but you will need a few items ready when you begin the loan application.

  1. Personal Identification - Lenders need to know who they are lending to. They will want to see a government issued photo ID and likely a social security number.

  2. Checking Account - An open checking account is a must. Loan companies need a way to deliver the funds to your possession. Know your routing number and account number.

  3. Address - Know your home address and email address. They will be required on the application.

  4. Proof of Income - Lenders are required to make sure you have the means to repay the loan before they can fund your request. Whether you have good credit or bad.

  5. Must be 18 Years Old


Who Offers Short Term Installment Loans?

There are several places you can find qualified financial companies that are willing to loan to people with bad credit.

We have a large network of lenders that specialize in approving loans for individuals with bad credit. Complete our short application and we will attempt to get you a free, no obligation quote from one of our many direct lenders. You decide if the terms and conditions are right for you.

Credit Union

Visit a local credit union to see if they would be willing to work with your credit score. If you are able to get approved by a credit union, this may be where you could qualify for the lowest rate. They may want to check your credit, keep this in mind when you show up to complete their personal loan application.

Payday Loan Companies

Many payday loan companies are now offering longer term installment loans to people with poor credit. If you have a payday advance lender in your neighborhood, it may benefit your to stop in and see what interest rates they charge and what kind of payment arrangements they offer.

Get a Great Deal on a Personal Loan

Here are a few things to consider when shopping for a personal loan that will improve your chances of getting the best deal available.

Compare Multiple Offers

Shop around with multiple lenders so you can determine who is offering the best deal. A lower interest rate will always benefit your wallet. Take the time to visit a few lenders and determine the best deal for you.

Only Borrow What You Need

It may be tempting to borrow money money than you need if you find a really good deal. Personal loans are generally expensive and should be treated with respect. Every dollar you borrow is a dollar that you will have to pay interest on.

Use Personal Loans Sparingly

Only borrow money at high interest rates when you really need to. Also, pay the loan off as soon as you can. This will save you money on interest expenses and put more money in your pocket instead of the loan company’s.

Related: $1000 Bad Credit Loan | $500 Loans

Disclaimer: is not a lender and makes no lending decisions. Must be 18 to apply. There are no guarantees you will be approved. Please carefully read all loan documents, terms and conditions and privacy policies. Use short term credit responsibly.