main image

Best Personal Loans For Bad Credit With Guaranteed Approval:2022’s Top Online Direct Lenders For The Best Bad Credit Loans And Payday Loans With No Credit Check | Best Fast Cash Loans Online

During a financial emergency, you may be left with no option but to take a loan. At least to ebb over a crisis.

In such cases, a bad credit score might be the biggest hindrance in your way. However, bad credit loans can provide you some relief even though the interest rate may be a bit high.

Bad credit loans can be a boon during emergencies. But it’s important to have the right understanding of how you can take a bad credit loan. With so many organizations offering these loans, it can be difficult to choose the best one.

More financial institutions are now eager to provide financial help to customers even if they have bad credit ratings. Some lenders demand exorbitant interest rates, and some are not reliable either. Higher interest rates may discourage you from seeking them. But there are better options too.

After extensive research, we have compiled a list of platforms that offer bad credit loans for lower interest rates and guaranteed approvals. These platforms are reliable, and you can rest assured that they won’t cheat you. Not only will these platforms provide you with money, but they will also help you boost your credit rating when you make repayments. In this article, we have featured highly reputable lenders who will charge you reasonably, and you can trust them.

The 5 Best Bad Credit Loans With Guaranteed Approvals On The Market

#1. MoneyMutual — Overall Best Personal Online Lender For Bad Credit Loans, Editor’s Choice

#2. BadCreditLoans — Best Emergency Loans For Bad Credit Borrowers

#3. CashUSA — Best For Instant Personal Loans With Minimum Credit Score

#4. Personal Loans — Best Provider Of Personal Loans For Bad credit

#5. Credit Loan — Guaranteed Bad Credit Loans With Low Interest Rates

#1. MoneyMutual — Overall Best Personal Online Lender For Bad Credit Loans, Editor’s Choice


MoneyMutual is one of the most popular brands that offer loans with bad credit scores. It has grown in popularity, as it does not undertake thorough credit checks on customers. MoneyMutual is a free platform that connects borrowers with bad credit with genuine lenders, irrespective of their credit ratings.

MoneyMutual is not involved in the process of lending and borrowing. It simply acts as a platform or an intermediary between the two parties. It has been in the business for more than a decade, and you can trust them for sure. They have helped over two million people in the US to get loans to meet their financial needs.

All you have to do is visit the official website and fill out the form. It will require you to update information like your name, age, earnings, and address. Once you apply, you can keep track of the application through the website. MoneyMutual then connects you to the lenders who are willing to offer you a personal loan. It then redirects you to the lender’s website, where you can read the loan terms and conditions. Once you agree to the conditions, you can finalize the deal. Funds are deposited into your bank account within 24 hours.


  • Minimal credit checks are required.
  • A free platform where borrowers can easily connect with potential lenders
  • Easy application process where customers have to fill out the form online
  • You can get loans for up to $5,000 for short-term needs


  • MoneyMutual is ranked number 1 among bad credit loan companies
  • Offers a simple process for those with bad credit ratings
  • Reputable and highly experienced in the industry
  • A simple application process; done barely in a few minutes
  • Receive money within 24 hours
  • The platform doesn’t charge a fee for the services offered
  • The official website is highly user-friendly
  • Over 60 lenders are available on the network
  • The website is secured, and your personal information is safe


  • Only residents of the US (barring New York state) are eligible for a loan
  • Once you sign the agreement, MoneyMutual is not responsible for any issues

Customer Review

Customers have shared positive reviews about the company and the services it offers. According to their feedback, the website is very easy to operate and highly convenient. Customers have also claimed that they could receive the funds quicker than other service providers.

⇒ Visit the Official Website of MoneyMutual

#2. Bad Credit Loans — Best Emergency Loans For Bad Credit Borrowers


Bad Credit Loans is a free service that lets you connect with lenders quickly. The best part is that it does not even consider the credit ratings to approve the loans. This lending platform is merely a host for lenders and has no control over the lenders on its platform. They are independent, and the platform only provides the information.

You can seek loans ranging from $500 to $10,000 with flexible repayment options. They allow you up to 36 months to make the payments. It is important to note that the interest rate can vary depending on the lender and the loan amount. The APR can range from 5.99% to 35.99%. To take the loan, you should be 18 years or older and must have a proper source of income with proof of citizenship.

All you need to do is fill out the application form on the website. Here, you would have to enter the amount you want to borrow and upload certain documents. Then, the company links you to the lenders that can help you with the loan. The lender goes through your request and offers you a loan based on the agreement. If you like the offer, promptly accept it. Upon agreement by both parties, you have to electronically sign the contract. You may receive the funds by the next business day.


  • Helps connect borrowers and lenders with relevant information
  • The website is safe. It has advanced encryption technology that keeps information secure
  • The website is user-friendly, and the service is free
  • The process is very simple. You have to fill out an online form to engage with lenders


  • Free and simple services
  • Easy-to-access loans from lenders
  • Eliminates hassles of contacting lenders individually
  • Credit requirements are flexible.
  • You can easily assess and compare interest rates offered by the different lenders.
  • The amount can range from $500 and $5000
  • The platform does not put pressure on the loan seeker or the lender to close the deal


  • Customers with poor/bad credit ratings can receive only lower amounts
  • The company has not been granted a good rating by The Better Business Bureau.

Customer Reviews

Customers are satisfied with how easily they can have access to loans and lenders on this website. According to their feedback, it takes only a few minutes for the loan to be approved after filling out the application form on the website.

⇒ Visit the Official Website of Bad Credit Loans

#3. CashUSA — Best For Instant Personal Loans With Minimum Credit Score


Cash USA offers borrowers a lot of options to meet their immediate financial requirements. It helps you work on your emergency expenditures without getting into the deeper details. You can borrow up to $10,000 from a lender on this platform. The interest rates (APR) range from 5.99% to 35.99%.

The company also offers educational information that you can access through the website. The information includes financial updates on credit score, planning of student loan repayment, debt calculation, priority setting, budget management, etc.

When you apply for the loan, you have to provide information such as your name, address, phone number, monthly income, ID, social security number, and bank account details. As you click the “submit” button, your request is immediately sent to the lenders. After this, the lenders will send you their offers with terms and conditions. You can review all those offers and accept one if you are satisfied.


  • A huge network of lenders and borrowers
  • Easy application process
  • Highly secured platform to ensure the safety of your information
  • Loans up to $10,000 can be accessed
  • The loan will be transferred to your bank account directly and instantly


  • Quick access to funds
  • Both short-term and long-term loans are available
  • Customer information remains secure and confidential.
  • Fast and free platform
  • More than one million monthly users access the platform
  • Laon can be repaid in installments of up to 70 months
  • Huge list of lenders to connect with during an emergency
  • The education center provides a lot of valuable information to users


  • Borrowers may have to furnish more details while applying

Customer Reviews

According to the feedback shared, it seems that customers are happy with the process of borrowing funds from CashUSA. The company seems to be reliable and highly credible. The application process is very smooth, and you can receive loans easily. Customers have also loved that the interest rates are lower than other companies.

⇒ Visit the Official Website of CashUSA

#4. Personal Loans — Best Provider Of Personal Loans For Bad credit


Personal Loans is a safe and secure platform that provides 24/7 service, and you can access funds up to $35,000. The platform charges you no fees for the services it offers. It just acts as an intermediary between you and the lender. The company is on our list of the best providers of bad credit personal loans for a variety of reasons.

It takes you only a few minutes to connect with the lenders once you fill out the application form. The application process does not require you to share too many details either. There are also no additional or hidden fees.

The process of accessing a loan is very simple. Based on the information you provide, the lender will send you an offer. Once you accept the offer and the deal is sealed, the funds will be transferred to your bank account within 24 hours.


  • Customers can borrow up to $35,000
  • Several lending partners are available on the platform
  • Helps you get access to funds even if you have a bad credit rating


  • Flexible funding options are available
  • Loans are available at competitive rates
  • The website is user-friendly and easily navigable
  • Easy repayment terms
  • You can repay the loan up to 72 months


  • Users cannot access the site in a few US states

Customer Reviews

Customers are mostly satisfied with the simple loan application process. They have found flexible loans and with low interest rates.

⇒ Visit the Official Website of Personal Loans

#5. Credit Loan — Guaranteed Bad Credit Loans With Low Interest Rates


Credit Loan was formed in 1998 and has serviced over 750,000 customers by helping them connect with reliable lenders. It is aimed at providing customers with relevant deals that can help them deal with their financial emergencies.

The services offered by Credit Loans are preferred by those who have bad credit ratings and want urgent funds to meet unexpected situations. Credit Loan has over two decades of experience and has delivered excellent services to its customers. It is a preferred choice of borrowers, as the interest rates are highly affordable. The website is great when you have a poor credit score and lets you access funds without getting into deeper information.

While applying on the Credit Loan website, you have to simply fill out the application form with your details. The information you submit is shared with the lenders. The entire process is swift.


  • More than two decades of experience in assisting customers with bad credit scores
  • Money is deposited directly into your bank account upon approval
  • Customers can obtain loans as small as $250
  • Easy and convenient


  • Funds are deposited quickly
  • Decades of experience
  • The process is simple, with guaranteed approval
  • Perfect and secure platform for both small and large amounts
  • The website is TRUSTe-verified
  • Funds are made available in no more than 24 hours
  • The platform is suitable for small amounts of funds


  • Loan amounts are limited. Customers can access up to $5000 only

Customer Reviews

Customers have found the application process very easy. They were able to access the funds quickly through the website. They are also pleased with how quickly they were able to access the funds, even with bad credit scores.

⇒ Visit the Official Website of Credit Loan

How We Made This List Of The Five Best bad credit Loans With Guaranteed Approvals

We thoroughly researched and prepared this list of the top five platforms that offer emergency loans, irrespective of your credit score. These platforms help you connect with many reliable online lenders in their network. If you have a very poor credit rating, they have a number of lenders who are willing to consider your application. Our research helped us understand their application process, ease of access to loans, and customer experience while dealing with them.

The list we have prepared will help you access the funds during an emergency despite having bad credit.

What We Looked For

People who have good credit scores are more likely to get their loans approved than those with bad scores. That is why we have researched the companies that offer loans, even if you have a bad credit history.

We considered each company’s pros and cons with its offerings. We evaluated the benefits of accessing the loans from these companies and important aspects like the following:

#1. Company’s reputation

Company reputation talks a lot about the worthiness and reliability of the services being offered. Companies that have been in business for years have gained a reputation for the performance and support they have offered to their customers. Companies that have a huge customer base with a lot of positive reviews are doing their job perfectly and have a good reputation in the market.

The platforms we have suggested are all rich in experience and received great reviews from their customers. You can choose the one that best suits your requirements.

#2. Safety and security

When we apply for loans online, we tend to share personal information like our name, address, bank account details, etc. So it is important to share such critical information with websites that are highly secured and confidential. The websites we have listed are fully secured and make use of standard encryption. Not all companies make use of the secured feature. Hence, it is not advisable to share any information on these websites. Such websites are vulnerable to data leaks or hacking. The platforms in our article use the latest industry-standard encryption to secure customer information.

#3. Funding time

People looking for lending platforms are in immediate need of cash. Therefore, the time taken to receive the money is important. We have researched and chosen the companies that can provide you with cash within one business day or even less. We will advise you to choose any of these listed companies because they have quick and simple processes.

#4. Fees

There are plenty of companies that use deceptive techniques to charge hidden fees. Usually, online lending platforms don’t charge any service fee or maintenance fees from their customers. Some reliable platforms may charge you a nominal amount. The ones we have listed don’t charge any fees.

#5. Additional factors

  • Interest rates and APR
  • Effectiveness of the company’s lending facility, the ease of accessibility, and the eligibility of customers
  • The experience of customers while dealing with the platforms
  • Process of loan application

After considering all these factors, we bring you the reliable companies that will help you get a bad credit loan with guaranteed approval.

The Critical Points You Should Be Aware Of Regarding bad credit Loans With Guaranteed Approvals Before You Sign Up For One

While looking for the right platform to access the loans, it is advisable to weigh all the available options, especially the ones that don’t check credit scores. As there are several providers offering loans, it is best to choose the ones that are not just reliable and quick but highly trustworthy too.

Here are a few important things you must consider while taking loans:

#1. Interest Rate

Consider this as the first factor when you apply for a loan or choose a lender. That is because several companies charge higher interest rates on bad credit loans. Check the interest rates properly before finalizing the agreement. Compare the interest rates offered by the different providers, and bear in mind that you will have to pay less on the loan amount if you have a good credit score. If you choose fixed interest rates, you will not be able to reduce the charges on the loan amount.

#2. Eligibility Criteria

It is important to check the eligibility criteria. Log on to the websites we have listed in the article and read the requirements before you apply for a loan. FICO scores are provided by lenders listed on most of these websites.

#3. Terms & Conditions

Read the terms and conditions on the websites carefully, and only then should you decide on the platform that can offer you the most suitable loan plan. That will also help you narrow down on the particular lender who would serve your interest best.

For example, some lenders may offer you a loan at a lower interest rate, while others may be stringent with their policies and interest rates. Certain lenders may even impose restrictions on how you can spend the amount. Therefore, read everything carefully.

#4. Hidden or Extra Charges

Make sure that no hidden or extra charges are imposed by the lender. Sometimes, there may be charges on borrowers who don’t have sufficient funds in their accounts. Certain fees may be levied separately or may be included as part of the loan. These are not the same for all lenders. So, you should compare the fees offered by the different lenders before you finalize your decision.

FAQs About Loans For People With Bad Credits & Guaranteed Approvals Of Short-Term Loans

Q1: How can I get a bad credit loan?

A: It has become easier to access loans without credit checks. However, you are still required to follow certain procedures to get such loans. Here are some simple ways in which you can do so:

#1. Choose the platform

Look for a reliable platform that can connect you with a trustworthy lender. The ones we have listed are not just trustworthy but reputable too.

#2. Loan qualification

Before you start with the application process, you must check if you are meeting the essential requirements to be eligible for the loan. So, let’s understand the necessary conditions that you must fulfill.

  • You must be a US citizen or a permanent resident
  • You must be at least 18 years old
  • You must be employed and have proof of regular income
  • You must hold an active bank account
  • You must be able to provide a valid phone number and email address

If all these requirements are met, the process can go smoothly

#3. Review your credit score

You can easily check your credit score online. Go through it before applying for a loan. Your score may be better than you think, and in such cases, you can get a loan at a lower interest rate.

#4. Compare the interest rates offered

Take your time and research thoughtfully. Compare the interest rates offered by the different lending platforms before you finalize your decision.

#5. Filling out the application form

Once you have checked the basic requirements and interest rates offered, the next step is to fill out the online application form. It will not take much time—just five to ten minutes. The process is quick and simple on all the platforms we have listed. You would need to start by sharing answers to a couple of questions. These include your details, amount of money you would want to borrow, zip code, employment status, bank details, credit information, and your SSN details. Once you have submitted all the details, the lenders will send you the offer.

#6. Accepting or rejecting the offer

On the lender’s website, you can review the terms and conditions of the loan it is offering. Read the whole document diligently before signing any agreement.

When you decide to accept the offer, you may go ahead with an e-signature, which is an online legally-binding consent. Once this is done, you will get the funds in your bank account within 24 hours or the next business day. If you feel the loan offer and the agreement terms are not suitable for you, you can reject it. In such cases, you will need to start the whole process again to find a suitable lender.

#7. Budget

Budget the prepayments and repayments before contacting the lender. It will help you identify what additional charges you must take into account while making the payments.

#8. Time repayments

To avoid the penalties and additional charges, repay the loan as quickly as possible. In certain cases, the interest rates can be higher. So, make timely repayments on your loan.

Q2: What are the benefits of a bad credit loan?

A: The benefits of bad credit loans are plenty. Some of these are:

  • You can repay the loans over a relaxed period
  • You can receive funds in your account within 24 hours
  • You can get funds even if you have a bad credit score
  • You can work to improve your credit history with timely payments
  • You can use the loan amount with any kind of requirements, such as vacation, buying a new car, or anything else you’d want.

Q3: What are the alternatives if I have a bad credit score?

A: Different kinds of loans are available if you have an emergency followed by a bad credit score. You can check your credit score by quickly reviewing your credit report online. The best loan options available with poor ratings are:

#1. Personal Loan

These can be obtained from individual lenders on third-party platforms. Lenders generally approve a loan without digging into the deeper details, and the loans are typically repaid in installments. Personal loans have become popular, as they don’t require you to offer collateral. You can connect with them directly online for short-term funds.

#2. Credit Card Advance

It is quite a common option that many people with bad credit ratings opt for. You can withdraw funds using your credit card and get liquid cash in hand.

#3. Planning your funds

Plan your funds and make extra funds available by cutting down on your current spending. Budgeting and planning will help you free up some cash to pay your bills and meet emergencies.

Q4: How or where can I check my credit record?

A: It typically takes up to five months for the credit score to be generated after you have borrowed money. If you have borrowed funds from any financial institution, you are assigned a credit score. This credit score is based on your repayment history and is commonly a FICO score. It can be between 300 and 850, with 300 being the worst and 850 the best. If you have borrowed money from your network and not from any financial institution, your score will not be visible. Your score can be checked online through the report generated by the bureau.

Factors that affect the credit score rating:

  • Whether you make repayments on time
  • The balance you maintain in your account

If you maintain a good balance in your account and make timely payments, you can improve your credit score in time. With a good credit score, you will pay the lower interest rates on your loan.

Q5: What should I do if I am denied a bad credit loan?

A: If your loan application is rejected, you have to identify and review the reasons for that. That way, you can understand and learn the reasons for the denial. You can try to make improvements so that your application is approved.

You can even ask the lender the reasons for the rejection of your application. It will help you identify the important factors that are critical for approval. In addition, you can apply with a different lender. If you don’t have the time to improve your credit scores and want the money immediately, look for lenders that might help you. But a loan refusal will not damage your credit score further.

Q6: Is it expensive to obtain a bad credit loan?

A: bad credit loans that do not require credit checks but are more expensive than loans that can be got with good credit ratings. The reason is that lenders take a higher risk with borrowers who have bad ratings. In such cases, they can never be sure of the prepayments and repayments on the loan taken. Therefore, they demand a higher rate of interest. Besides, the penalties and late payment fines are higher.

Q7: How can I get the loan quickly?

A: The companies we have listed in our article offer loans quickly, in a few simple steps. These platforms aim to connect you with the right lenders. These lenders do not require you to provide any extensive documentation or any credit checks.

You must simply fill out an online application form. These forms are very simple and require only basic information. Once you submit the form, lenders can review them and decide if they would like to lend you money. Very rarely, the lenders may ask you for additional information. Once the lender approves your request for funds, they have the option to deposit funds directly into your bank account. The whole process of filling out the form and receiving the funds can take less than 24 hours.

Q8: Is there any way of improving my credit score?

A: The easiest way to improve your credit score is to make sure that you make prepayments and repayments on time. Try to avoid any late payment or any penalty because these badly impact your credit scores. Whenever possible, pay off the short-term debts, and you will notice your FICO score going up.

A good credit score is an excellent indicator that you are financially sound. It will dictate the loans and interest rates you can enjoy in the future. So, you must know your current credit score and how to improve it. In simple words:

  • Be punctual in paying your bills
  • Pay the installments you owe the lenders
  • Monitor and track your free credit score report
  • Avoid the situations that can get you into hard investigations
  • Improve your creditworthiness by seeking professional advice

Q9: Could I get a loan even if I have a poor credit record?

A: Yes, you can borrow money quickly even if your score is poor. The companies we have listed in our article take less than 24 hours to provide you with funds during an emergency. All you need to do is apply online with very basic information like your name, social security number, address, source of income, etc. If the lender agrees and approves your loan request, the money will be processed very quickly and will appear on your account.

Q10: I am currently unemployed. Can I get a loan?

A: You can apply for a bad credit loan even if you are not employed. You don’t need a steady source of income or a job to have a lender approve your request. Sometimes, the lender may require you to provide evidence that you have sufficient funds in your account. They may consider various sources of income.

Q11: How can I know if my credit score is good, bad, or poor?

A: It is possible to get a free copy of your credit history from a credit bureau. There is a simple scale to judge the credit score set by FICO. The score ranges from 300 to 850.

  • Typically, a score below 670 is bad (starts from 300).
  • A credit score anywhere between 670 and 739 is good.
  • Anything above 739 and up to 850 falls into the category of an excellent score.

Q12: How can a bad credit score affect me?

A: When you apply for a loan, you may face refusals if you have a bad credit history. You may be refused a car loan, personal loan, student loan, or even a credit card.

A Few Final Thoughts

Getting a loan with a bad credit score is not difficult now, as the procedures have become more straightforward. You can also apply for a bad credit payday loan, which is a small short-term personal loan where lenders evaluate your application based on your credit score and ability to repay the loan. The websites we have reviewed and analyzed in our article will help you get in touch with the most reliable lenders. All these platforms are reputable and have been in business for several years. Besides, these sites allow you flexibility, convenience, and easier terms, unlike others. Some loans, however, are specifically designed for borrowers with poor credit scores. All the websites are safe and ensure that your personal information remains confidential.

We have discussed the highlights, pros, and cons of all the platforms, working along with the details of the company to make it easier for you to decide. The best part about these platforms is that they don’t charge you a single penny for the services they provide. With all the information available at your disposal, all you need to do is pick the one that best meets your requirements.

So, what are you waiting for? Get instant loans from the comfort of your home without having to meet even a single lender personally.

More in National Marketplace

Most Read