Do you have bad credit? Has it prevented you from getting or refinancing your student loans? One of the most stressful situations that any person can have is when they find themselves in a tight financial bind and need to get out fast.

Finding the funds to get out of an emergency can be very tough, especially if your financial status is already bad. An instant loan with bad credit can rescue individuals who have low or no credit score reports at all.

They are available to people with all types of credit histories, and they can be the way for you to get access to money that will help improve your financial situation.

Direct Lender are typically reluctant to approve lendings for people with poor credit scores. This is because they want to avoid the high risk of not being able to collect on if someone defaults.

Bad credit loans with monthly payments offer a broad range of benefits, and there is no need to worry about the low scores- because chances are, even if you have bad credit, these providers think it’s worth their time and effort in order to make some serious profits off of this type of lending. Where to get a loan with bad credit on the same day? Let’s find together…

Do You Have A Low Credit Score?

Most lenders require you to have a high score to qualify to get a personal credit loan. If you have missed paying your bills or not made repayments, it could lead to an adverse credit score, making it very difficult to get the money you need from traditional lenders.

Regardless of your situation, most reputed financial institutions have a bearish outlook on lending money at a minimum credit score, but that doesn’t mean you should be discouraged because there are still lenders out there who will lend to those with poor credit.

This Type of Loan charges higher rate of interest and origination fees in order to make up for their increased risks of defaulting on the personal loan. It is smart to look into these options before giving up all hope!

Bad Credit Lender Min. Credit Score APR Range Loan Amount Overall Rating
1. MoneyMutual N/A 5.99 – 24.99% $250-$5,000* 4.8
2. Bad Credit Loans N/A 5.99 – 35.99% $500-$10,000* 4.5
3. CashUSA N/A 5.99 – 35.99% $500-$10,000* 4.2
4. Personal Loans 600 5.99 – 59.99% $1,000-$35,000 3.8
5. Credit Loan 650 5.99 – 35.99% $250-$5,000* 3.4

5 Best Bad Credit Loans Guaranteed Approval

We have reviewed more than 20 personal loans for bad credit online lenders on various categories like details, cost, eligibility and accessibility, customer experience, and application process.

We ranked lenders that have a minimum credit score requirement for credits and with the guaranteed loan.

Once you have found what appears to be the best personal loan, then fill out the online application form and wait for it to process.

1. MoneyMutual – #Best For Poor Credit Score

MoneyMutual is a lending platform online with an instant decision marketplace that brings potential borrowers and potential lenders together at no cost. All you have to do is apply it online, and you’re set!

MoneyMutual, based out of Las Vegas, NV, offers some of the best rates for those with less score and is one of the only financial institutes offering same-day lendings online — starting at $200.

The best part about MoneyMutual is its no-cost service that makes lenders eager to work with borrowers who seem like good financial risks, so their rates tend to be better than those of other lenders. They offer loans with a very low score report or no score at all.


100% free service

Up to $5,000 in a bank account in a 24 hour

Quick and simple form with fast lender decisions

Online marketplace of lender

Safe and secure process

Trusted by more than 2M customers

Get a Personal loan agreement


The small maximum loan amount

Customer Experience

The experience with MoneyMutual is mostly a positive one as they have been in business for over 10 years and have maintained a large customer base of more than 2 million people.

Their process of obtaining lendings through the website is simple and quick; borrowers submit an online form, wait for lenders to review their information and make a decision on whether or not to approve them, receive up to $5,000 transferred into their bank account within 24 hours, then pay off the once it’s due.

Not only does MoneyMutual have returning buyers, but they also have many customers that ends up referring the company to their family and friends.

One customer reviews stated, “I was looking for a quick loan online and came across MoneyMutual. I was skeptical at first because of past experiences, but this site worked out great! Their process is so simple and quick; I had my money in 24 hours.”

If you find yourself in need of an instant cash loan, but don’t care about being given extra money for going through this free service, then MoneyMutual might be right for you.

LENDER MoneyMutual
EST. APR 5.99%-24.99%
LOAN AMOUNT $250 to $5,000*
TIME TO RECEIVE FUNDS Next business day after approval
TERM LENGTH Short-term loans
BEST FOR Poor Credit Scores

Visit Here to Money

Mutual – #1 Overall Winner For Bad Credit Loans Online


2. Bad Credit Loan -#Best For Payday Loan

Bad Credit Loan is the best way to get a loan amounts in the USA. It is the easiest way for those looking to borrow money but has a low credit score. Whether someone is looking for an unsecured personal loan or needs a mortgage, this loan company will help you find the right lender at the right time.

It has advanced encryption technology that keeps your private information safe and ensures that lenders only see what they need to know about you when making their decision. It’s completely free and takes about 10 minutes to apply for a loan request, and there are no credit checks!


100% free service

Upto $5000 in Bank account

Committed to responsible lending

Privacy, security,& 24/7 service

Three easy steps, all online

No prepayment penalty

Low minimum amount


Higher APR for certain terms

Customer Experience

Almost all lenders have praised the service and have given it high marks for its convenience, clear sign-up process, and ease of use.

Customer service has also received great feedback, and it is available 24/7, so you can reach an agent whenever you need to. In terms of funds transfer time, it’s usually pretty quick.

Most customers can secure a loan in as little as 1 hour using this service, which makes it one of the swiftest lending processes on the market today! Additionally, there are no processing fees or interest charges if your loan application is denied. This means that if for any reason your financial situation changes before finalizing the contract with the lender, you will not be penalized for requesting a denial. 

LENDER Bad Credit Loans
EST. APR 5.99% – 35.99%
LOAN AMOUNT $500 to $10,000
TIME TO RECEIVE FUNDS Next business day after approval
TERM LENGTH 3 months to 36 months
BEST FOR Limited credit history

Visit Here to Bad Credit Loan

3. CashUSA – #Best In Terms Of Low Rate Caps


CashUSA is one of the most reliable and used personal loans in the country. They provide with the instant process through a large network of direct lenders partnered with them, making it possible for consumers to find a lender in their area who will approve them for a loan.

Consumers need to apply online with some information to receive the amount online from one of their providers, so this makes it easy for consumers with busy lives who don’t have time to search through other companies, websites or wait on hold for hours before getting approved.

CashUSA uses adequate security to ensure your information is protected, including using strong encryption, firewalls, and passwords on all accounts.

The company offers fast loans with poor credentials online up to $10,000, and once you get approved, funds are transferred directly into your bank account!


Fast, convenient loan requests

Lower starting interest rate

Lower scores accepted

No prepayment penalty

Your time, your terms


Borrowers are subject

to origination fees

They aren’t available nationwide

Customer Experience

CashUSA is one of the few lending platforms that offer a large base of multiple third-party lenders, so each and every lender who reaches out to CashUSA gets a loan. CashUSA doesn’t require borrowers to go through a lengthy pre-qualification process before they can apply for a loan.

All you have to do is visit the site, fill out an online application form with some basic personal details and wait for funding options to be presented that meet your criteria. CashUSA then contacts the potential lenders on your behalf and gets back to you with their best offers in less than 30 minutes!

EST. APR 5.99% – 35.99%
LOAN AMOUNT $500 to $10,000
TIME TO RECEIVE FUNDS Next business day after approval
TERM LENGTH 3 to 72 months
BEST FOR Low Rate Caps

Visit Here to CashUSA Loan With Low Repo Rate

 4. Personal Loans – #Best In Terms Of Credit History

Customer can now get the funding they need, regardless of their rating. The bad credit installment Loans platform offers guaranteed short-term credit online for consumers in dozens of states across the country.

They allow you to apply for up to $35,000 in funding from multiple loan lenders at once in order to fund your needs.

You can also compare various offers of many legit lenders online to get the best available loan. This is a great site for those who need money fast and have been turned down by banks before.

This type of lender will work with you to provide you with 100% approval, whether you have a good or very poor credit history.

You no longer have to worry about having a low score by FICO if you need money– take advantage of the platform today!


Higher maximum amount

Fast funding directly to your account

Competitive Interest Rate Available


Higher APR for certain terms

No soft inquiry

Might not get on weekends and holiday

5. Credit Loans – #Best For Multiple Repayments Option

It’s quite an unfortunate situation when you’re not able to qualify for loan terms because of your credits rating. If you are one of the many people in this position, we have some good news for you: there are now available online for people with bad credit to get approved without worrying

This is a platform that has been around since 1990 and specializes in providing bad credit personal loans to borrowers with low ratings.

The company also provides amount up to $35,000 (larger amounts can be obtained by providing additional documentation).

It only charges a nominal fee and promises pre-approvals in no time, so it’s worth checking out if you think your rating may be holding back your financial goals!


  • No prepayment penalties
  • Longer terms


  • The low number of branches
  • High starting interest rate
  • Origination fees
  • No soft inquiry

What are bad credit loans?

A agreement with monthly payments is a type of loan that is designed for borrowers with FICO scores below 580, which is considered very poor. The interest rate can be as high as 30%.

FICO scoring uses information from credit reports to provide lenders with an idea of the borrower’s creditworthiness. Anything below a score of 580 will likely result in higher interest rates on car, mortgages, or even businesses get a loan.

It’s very difficult to find financing for anything these days, especially when you have a bad rating. But don’t panic! There are still opportunities for those with low scores to find financing if they know where to look.

Many financial institution companies and lending companies offer guaranteed approval to people with bureau scores below 580, but the annual percentage rate and origination fee can be high.

How Do You Know What Credit Score Range You Are In?

Credit reports are compiled by the three major reporting bureaus, and they have different methods for creating these scores.

Even though there is no specific “cut-off” point where an individual goes from good to bad or vice versa, a score below 580 will still qualify as being classified as having “bad” credit. The lower your FICO score falls in this range of 580-669 (fair), 670-799 (good), and 800 above (excellent).

The best way to find out what type of loan you can receive with your particular poor financial situation is to apply online at various lending platforms and see which ones offer guaranteed approval loans suited for borrowers.

Steps to Consider When Getting a Bad Credit Loans with Guaranteed Approval

Getting bad credit loan approval is not that difficult. There are many lending companies and institutions out there that offer to people with low credit scores, but they charge higher interest and additional processing fees because the borrower is considered riskier than someone who has a good credit history.

Here are a few steps to get instant loans online if you don’t have strong credit:

  1. Check your credit score- You should get your credit score report from any of the certified bureaus before you apply online. Your FICO scores can vary slightly depending on which bureau provides your report, so it is important to make sure they are accurate before applying.
  2. Set a Budget – The amount is going to depend on your monthly income and the borrower’s ability to repay. If you are qualified for a larger amount, it may be beneficial in some cases because you will have lower payments than with a smaller loan amount.
  3. Look for a certified lender – Certified lenders are required to follow federal law and give borrowers clear notices of their terms for repayment.
  4. Compare best bad credit loans – Before you apply for the short-term, compare the rate and loan agreement of different lenders by using a loan calculator.
  5. Apply for multiple loans- The reason that some borrowers are denied funding is that they only applied with one company and if get denied, they don’t apply with the other credit offering companies.
  6. Add a cosigner if necessary – While applying with a bad credit score, it is a good idea to have someone who has a solid history and income serve as your co-signer.
  7. Look for an unsecured loan- If you don’t have any assets, then it’s better that you look for an unsecured mortgage or loan for personal reasons – The only thing is that it will be difficult in verifying your income and also good credit history.
  8. Take advantage of prequalification – If you are prequalified for getting a personal loan, then the lender has determined that your application would have been approved had it already started to be reviewed.
  9. Gather financial documents – Financial documents like pay stubs, tax documents, or other evidence of your income and employment can help establish creditworthiness.
  10. Be prepared for a hard credit check –   A hard check can result in a denial to get a personal loan application, so it’s important to represent each fact correctly. A soft credit inquiry occurs when the lender checks to see if you qualify for prequalification or prescreened offers and does not affect your credit report.
  11. Ensure that you can repay – Pre-plan if you have bad credit score, and be sure you can repay the loan. It’s important to have an emergency fund or a way to make your payments if something goes wrong before or after you receive the funds from the lender.
  12. Make Timely Repayments – It’s also important to be timely with your repayments since you have bad credit. You will need to provide evidence of payments on a monthly basis and can’t submit late payments or any kind of delinquent accounts, as this will negatively affect the interest rates for future loans.

How To Increase The Chances To Secure A Bad Credit Loan Online?

Getting an instant & quick loan can be difficult, but it doesn’t have to be. With these three tips, you’ll increase your chances of getting it.

  1. Prove that you can repay the EMIs by providing collateral such as property or stocks to secure the loan. Tax documents, card bills with timely repayment, and a steady paycheck can help too. The more you have to offer, the better your chance of securing it the same day.
  2. Apply with a co signer who has established good credit history in order to stand out from other applicants. The history of your cosigner will also be taken into account, which will only benefit you. If you can’t find a cosigner with a good credit score to help ease the burden of securing online on your own, try borrowing from family or friends instead.
  3. Provide a plan for how you will pay back the EMI on time by preparing detailed financial statements and showing a clean track record of payments for three months. The steady source of your income can greatly affect the decision of your application. A good financial track record will definitely give you an edge over others in the same situation.

When Should Anyone Avail Loan with Bad Credit?

The decision to avail of a loan is not an easy one. Your financial situation can be complicated, and it may be difficult for you to decide when the right time is. However, there are some tell-tale signs that will help you make this tough decision:

  • If your application has been rejected by many lenders due to your low credit rating, then availing it could help improve your score if repaid on time.
  • If you have defaulted on your cards payments or cannot afford them anymore, then availing of legit credit online could give you breathing room from these obligations until you can repay them with interest.
  • You should also consider availing of a pay day if you have no other way to manage your current debts.

Which Lenders offer Best Bad Credit Loan with Guaranteed Approval?

Finding the right lender can be difficult. So, where to get a loan with bad credit? There are many options, from banking companies to NBFCs and P2P lenders.

Non-Banking Financial Companies – They offer a variety of options. These lenders typically have more strict guidelines regarding who they will lend money to but are better equipped to work with people who have trouble paying off.

Peer-to-Peer Lenders – P2P lenders such as MoneyMutual or CashUSA often provide the same types of services that banks do without stringent requirements on borrower income or assets.

Banks can be tough on lending to those who don’t qualify for low score, but often provide better interest rates and repayment terms than other financial institutions.

Types of Loans

Secured Personal Loan – This type of loan is the most popular because it offers flexibility and lowers the interest rates. They are backed by the borrower’s assets, such as a car or home. The downside is that these types require collateral and can be difficult to get approved.

Unsecured Personal Loan – They are a good option if your need is short-term in nature (you want funds before the end of this month). This type of loan does not require collateral like secured student or home equity lines do but instead offers a lower interest rates than unsecured personal ones.

Payday – One example is an advance payment on future earnings from employment (e-lend). It often comes with high fees and low borrowing limits, so it’s important to do research into companies like MoneyMutual, CreditUSA, etc. It is a small, short-term loan that may offer a higher APR to cover limited repayment options.

Student – This offers low-interest-rate but comes with strict terms of repayment which you must agree to before signing off on this deal. You may have difficulty getting approved if you’re not in school at the time of applying or don’t meet income requirements while enrolled.

Installments – To get a personal loans installment, you usually processed it within 24 hours or the next business day, making them available to those with limited access. However, an installment often comes with a high interest and has repayment conditions that can be difficult for borrower on a fixed income or without sufficient savings. The payments on this type of loan are spread out as good or bad is not usually required.

LendUp – These are designed for people to offer low or no upfront origination fees while offering an APR between 26%-55%. LendUp offers a variety ranging from $500-$2500.

Bank Agreement – Depending on your bank’s policy and your credit history, you may be able to get a short-term minimal overdraft agreement.

Cash advance from friends or family members-  This is more like borrow money rather than getting the loans but most people don’t think about this as much because they have someone who can help them out financially without any strings attached.

Home equity – A home equity is a type of secured loan taken out on your property. The biggest risk associated with this type is if you default on your payments you may lose your house.

Requirements For A Guaranteed Approved Loan For People with Bad Credit

  • Must be a U.S. Citizen of 18 years or older – must be a permanent resident, not just someone with an immigrant visa. Must have been living in-country for at least one year.
  • Must have full-time employment – Making $10K or more per year is the bar set by many lenders. Paying off student debt and having no criminal background or debt payment obligations are also factors that will help you qualify.
  • Having a checking account – The loan amounts directly get to your checking account within 24 hrs of pre-approvals or the next business day.
  • Other lender requirements may apply as per the bank or lending agency policy.

Key Points to Look for While Getting Bad Credit Loan

Eligibility – One of the most important factors in getting a loan is your credit score. It will be much easier to get if you have a good FICO score. Interest rate are usually lower; however, if you have a bad score or no job, this could affect whether or not someone approves your application.

Depending on their requirements, lenders may require an income of $20-25k per year (or more). It would be best to ask about these because they can help determine how large a down payment you need to qualify for a loan.

Interest Rates – They are the most important factor before lending money through. Different financial bureau uses different criteria to calculate interest rates, but the higher they are, the higher your monthly repayments.

Check few lenders before choosing one, as this will help you know the credit report rates. For the same loan amount, one lender may charge a higher rate than the other.

The higher or lower interest rates and debt-to-income ratios that a lender offers will depend on how risky personal lender deem you to be as a borrower, so it is always best to check the online guaranteed approval reviews for lenders with a better rate before taking out any loan whatsoever.

Repayment Terms and Conditions – It can be an alternative for people who do not qualify for a traditional loan with strict repayment terms.

Payday has strict repayment and origination conditions, which may include, high-interest rates that are compounded monthly, late fees, or penalties if the repayments are missed on time, monthly payments of up to 120% (or more) of your original balance each month. And no access to funds until all other debts have been cleared off your books.

Make sure you understand these agreements before taking out any loan and be prepared to take some stringent steps to avoid getting into debt again even faster than before!

Type of Lender

One can get loans from banks, and online lenders. Online lending marketplaces offer their services to borrower who lack a traditional bank account or access to a bank borrowings.

Banks will also lend you money if your income is steady enough for them not to worry about whether you’ll be able to repay it on time (i.e., 12 months of stable employment).

Credit unions are member-owned cooperatives with a lower rate than banks because they aren’t profit-driven like banks have been in recent decades; instead, many of these institutions have less incentive for predatory practices as most members work there full-time so that any delinquent would affect customer relations at the institution itself and within its community.

Additional Charge and Penalties – They provide loans to people with weak financial backgrounds, so in return, they charge additional fees like the origination fee, late repayment free, or whatever possible to cope with the risk of being a defaulter.

The late payment is usually between $25 and $40 per month for each missed installment. The higher APR that results from late payments could be costly to people with good scores, but it’s significantly more expensive when you’re late alone delinquent paying your bills because of an online lender.

What Interest Rate Can One Expect On Poor Credit Scores?

Interest rate is just as high if not higher when you have a bad score because lenders assume that people with low scores will turn around and default on their personal loans.

  • A person with an excellent credit score ranges 720-850 has to pay an estimated APR of 11.85%
  • A person with a good score range of 650 -700 is likely to be charged between 13%-17%
  • A person with a fair score ranging 550 -649 might find themselves being quoted rate as high as 18%-27%. This would only apply if they qualified for the borrowings, though!

While these numbers seem like a lot, it’s important that people understand their interest rate before applying for any bad credit loans or cards so they can get the best deal at low-interest rates and not end up in more debt.

Are There Any Alternatives to Payday Loans?

Same-day loans are given to individuals with a bad credit score. They usually come with high-interest rates and fees, making them an expensive option for borrowers.

These days there are many different types of alternative financing options available for people who have poor credit.

Personal Loans – They are usually for larger sums of money, and they come with a lower interest rate. The best part is that the amount you pay back to the lender is not affected by late repayment fees or penalty APRs like it would be if choosing for bad credit.

Credit Card Cash Advance – You can use it to take out advance cash on the account. However, this is expensive, and it will be much more difficult to get approved for others after that, as you’ll have an unfavorable balance on your report.

Overdraft – One can get an overdraft with a current saving account at a 0% interest rate for a certain loan amount. However, late repayments can result in late fees and penalty APRs, which means only paying back what you borrowed plus extra charge if not paid up by a certain date each month.

Turn to your family and friends – You may want to consider asking those closest to offer help before resorting to something like a payday loan. You may have to explain your needs, but they’ll be more understanding than a stranger.

Budgeting – It’s also worth thinking about how to budget your money so that any late repayments are minimized. You may be able to make the repayment in chunks or have some form of automatic payment set up, for example, which is taken from a savings account each week.

Our Top Pick MoneyMutual: #1 Credit Loan Lender

MoneyMutual is a trusted online marketplace that brings potential borrowers and lenders together at no cost. The application approval process is quick and simple, making it perfect for those looking to get out of debt or pay off unexpected expenses like medical bills.

Interest rate is competitive with other financial institutions, but one of the best parts about this service? It offers extremely low loan amounts — 100% free service from start to finish, Up to $5,000 in your bank account in as 24 hours.

MoneyMutual offers monthly payments options making it an excellent choice among persons with low income. If you’re ready to find your key to financial freedom today, then visit MoneyMutual.

FAQs:- Frequently Asked Questions

Q.How Do I Check My Credit Score?

  1. A credit score is an important number when it comes to getting approved and other types of financial assistance. One can check his score through various sources, such as online service providers like MoneyMutual or by using the services offered at local banks and credit unions. The more accurate information you have about your current situation, the easier it will be to get back on track towards good credit health.
  2. What Are Origination Fees?
  3. Origination fee is a one-time charge that covers costs associated for bad credit. The card issuers charge per transaction made, ranging from $0 – $75 depending on the company in question, while payday lenders typically charge much higher rates.
  4. How Can I Improve My Credit Score?
  5. Well, the answer to this question is more complicated than you may think. Many factors influence your credit score, and there is no magic formula for improving it overnight. For example, late repayments will lower a person’s rating, but having a good payment credit history can also increase their scores.
  6. Can I take further loans on my existing one?
  7. If you have a low credit score report, it’s hard to take another on your existing one. However, you can take more loans with a higher score (850+).
  8. How to spot bad credit loan scams?
  9. While looking for a short-term loan, make sure you don’t fall into traps of scams they provide loans at a very high rate. Here are some ways to avoid them: Stay away from companies who charge high origination fees for their services and have hidden fees or conditions, guarantees without approval, and ask for prepayment.
  10. How to find a trustworthy bad credit lender?
  11. Look for reviews, testimonials, and ratings on the company’s website or other websites which have addressed this issue in depth. They will help you assess whether it is worth applying with them, as well as how their service operates. Compare different lenders’ rates before making any decision. There are many offers out there, so don’t rush into anything!

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