Make your home page

Best Loans for Bad Credit in 2024: Fast Approvals and Quick Deposits

DISCLAIMER: This is paid content. All opinions and views are of the advertiser and do not reflect the same of WISH-TV. The content presented on this page has been created and provided entirely by the advertiser.

Bad credit can make it hard to get a loan in today’s financial landscape. But people with less-than-perfect credit scores can still find loans for bad credit.

We have a comprehensive guide that shows you eight companies that offer the best loans for bad credit. Our top pick is CashUSA, a loan-matching service that gives you several loan options with competitive rates and flexible repayment schedules.

Best Loans for Bad Credit 2024: Quick Overview

  1. CashUSA – Best loans for bad credit overall
  2. – Easy sign-up process
  3. MoneyMutual – Quick cash deposits 
  4. – Long-term repayment plans
  5. – Best customer service
  6. VivaPaydayLoans – Best for guaranteed loan approval
  7. 247 Credit Now – Free matching service
  8. Brighter Loans –  Most personalized loans

1. CashUSA – Best Loans for Bad Credit Overall


  • Provides loans of up to $10,000
  • Six year maximum repayment plan
  • Competitive loan terms and APR
  • Only performs soft credit checks


  • Older website with less than ideal design

Minimum credit score

CashUSA works with any credit score.

APR range

  • Most loans for bad credit run between 5.99 to 35.99%, depending on a variety of factors.

Loan amounts 

  • $500 up to $10,000

Overview is a lending network that specializes in assisting bad credit borrowers in obtaining loans of up to $10,000. The process of filling out the prequalification form is quick and straightforward, and if approved, you can expect to receive your funds as early as the next business day. 

Why we chose CashUSA reviews say the company doesn’t have origination fees while providing competitive APR. Although the website’s design may be in need of a refresh, it still provides a user-friendly experience with seamless functionality, SSL encryption, and transparent terms.

Additionally, the company conducts soft credit checks instead of requiring extensive credit reports, ensuring that you are matched with suitable lenders and provided with appropriate interest rates. Borrowers have the option to repay the loan within a three-month period without facing any prepayment penalties, or they can choose a longer repayment term of up to six years.

Summary is an excellent choice for loans for bad credit. With a hassle-free sign-up process, flexible repayment options, and the ability to borrow up to $10,000, is dedicated to helping those in need.

>>Find the best loans for bad credit with

2. – Easy Sign-Up Process


  • No collateral required
  • Sign-up process quick and easy
  • Fully online loan request process
  • Quick deposit of money


  • Lower loan amounts for people with bad credit scores

Minimum credit score

No credit score required, though the worse your score is, the lower maximum loan amount they’ll provide.

APR range

  • Averages between 5.99 to 35.99% depending on lender

Loan amounts 

  • $500 to $10,000


Since its establishment in 1998, has transformed into a versatile platform for the best loans for bad credit. Rather than directly granting loans, the company facilitates connections between borrowers and numerous banks and lenders. 

This approach enables borrowers to explore multiple loan offers, compare rates, and enjoy a wide array of options, setting them on a path towards securing the best possible loan terms.

Why we chose stands out for its inclusive approach, as it welcomes borrowers with bad credit scores, providing them with access to emergency loans that traditional lenders wouldn’t.

Moreover, the application process for both unsecured and secured loans is simple and efficient, taking less than 10 minutes to complete. The website also offers transparent information on personal loan rates and ensures quick approval, with some applications receiving approval in less than two minutes.

Summary is a versatile platform that caters to borrowers with low credit scores, providing them with access to the best online loans for bad credit when traditional lenders may not. The platform quickly connects borrowers with multiple offers from various banks and lenders, ensuring competitive rates and a straightforward application process.

>>Find free loan-matching services with

3. MoneyMutual – Quick Cash Deposits 


  • Provided loan options for over 2 million customers
  • Has a large network of potential lenders
  • Application approval within minutes
  • Cash deposits usually within one to two business days of approval


  • Not available in every State

Minimum credit score

  • Specializes in loans for borrowers with bad credit history (300 to 580 credit score)

APR range

  • From 6 to 36% on average

Loan amounts 

  • $200 to $5,000


MoneyMutual reviews say it serves as a loan-matching service, linking borrowers to lenders rather than directly providing loans. It acts as a platform that enables people in urgent need of short-term loans to connect with lenders who can provide the best loans for bad credit.

The lenders who work with MoneyMutual provide payday loans, installment loans, and cash advances to cater to the diverse needs of borrowers.

Why we chose MoneyMutual

MoneyMutual takes pride in its prompt service. The company strives to provide cash loans within 24 hours of applying, and they offer a dependable solution for people dealing with unforeseen expenses and requiring urgent financial assistance.


MoneyMutual is a solid platform that provides the best loans for bad credit to people in need of quick access to emergency funds. By offering a simplified application process, borrowers can anticipate swift loan offers and rapid deposit times, making MoneyMutual an exceptional option for securing much-needed cash promptly.

>>Apply for quick cash loans from MoneyMutual

4. – Long-Term Repayment Plans


  • No fees or upfront charges
  • Longer repayment terms of up to 72 months
  • Strong SSL encryption to keep your data secure
  • Part of the Online Lenders Alliance


  • Some lenders may have restrictions for borrowers

Minimum credit score

  • No minimum score required

APR range

  • Estimated between 5.99 to 35.99%

Loan amounts 

  • $100 to $20,000

Overview is a reputable option for people looking for emergency loans for bad credit. The platform is known for its highly competitive interest rates, allowing borrowers to save a significant amount of money. 

What sets apart is its extensive network of lenders, which enables borrowers to access flexible loan amounts

Why we chose is a reputable platform that offers borrowers extended repayment periods and highly competitive interest rates. The company is committed to customer satisfaction, connecting borrowers only with lenders who provide fair and competitive terms, ensuring protection from exploitative practices.


Through’s user-friendly platform, borrowers can access emergency loans for bad credit that come with flexible loan amounts, competitive interest rates, and extended repayment plans. 

>>Find the best loans for bad credit with

5. – Best Customer Service


  • Free, simple application process
  • No charges upfront or hidden fees
  • Customer service there to help you through entire process
  • Secure platform for your data


  • Some lenders may conduct extensive credit check

Minimum credit score

  • Set by lenders, but accept most credit scores

APR range

  • Estimated average between 5.99 to 35.99%

Loan amounts 

  • $100 to $20,000

Overview is a leading loan matching service that prioritizes providing outstanding customer service. The company utilizes an advanced platform to connect borrowers with lenders who specialize in offering loans for bad credit. Their online platform ensures a secure and hassle-free application process, completely free from any prepayment fees. 

Moreover, equips clients with a comprehensive suite of financial tools, enabling them to make informed decisions regarding their emergency loans designed for people with bad credit scores.

Why we chose

The dedicated customer service agents at have received countless expressions of gratitude from previous customers for their exceptional support. These agents go the extra mile to assist borrowers throughout their loan journey, ensuring a seamless experience. 

Summary is a great option for people looking for the best loans for bad credit. The company’s unparalleled customer service distinguishes it from the rest, providing a swift and stress-free loan approval process.

>>Find the best loans for bad credit from

6. VivaPaydayLoans – Best for Guaranteed Loan Approval


  • Application process simple and easy
  • Accepts any credit scores
  • Flexible repayment terms
  • No fees upfront


  • Interest rates may be higher
  • Lower loan ranges

Minimum credit score

  • Provides loans for any credit score

APR range

  • Estimated between 5.99 to 35.99%

Loan amounts 

  • $100 to $5,000


Viva Payday Loans offer the best loans for bad credit with guaranteed approval within minutes of finishing the application. Additionally, they offer flexibility in loan options, connecting you with a range of loans from different lenders.

With Viva Payday Loans, borrowers have the freedom to choose your repayment term, whether it’s a short two months or a longer 24 months. This level of flexibility makes Viva Payday Loans one of the top choices for loans for bad credit.

Why we chose Viva Payday Loans

Viva Payday Loans stands out as an excellent option for borrowers with poor credit scores. The application process is quick and straightforward, with approval decisions typically made within two minutes. 

Once approved, borrowers can expect to receive the funds in their bank account on the same day. Although Viva Payday Loans may have slightly higher interest rates, they do not charge any upfront fees, making it a convenient choice for those in urgent need of cash.


Viva Payday Loans is a trustworthy option for borrowers in search of the best loans for bad credit. Despite the possibility of higher interest rates, it remains an exceptional choice for borrowers with low credit scores and limited financial resources.

>>Find the best loans for bad credit with Viva Payday Loans

7. 247 Credit Now – Free Matching Service


  • Matching service free of charge
  • Tons of loan options provided
  • Loan application quick and easy
  • Approval decision within minutes


  • Some lenders may have additional requirements

Minimum credit score

  • Provides loans for all credit scores

APR range

  • Provided by lender

Loan amounts 

  • Up to $35,000


247 Credit Now is a brokerage service that specializes in securing loans for bad credit scores. For over ten years, the company has offered hassle-free loan connections to borrowers in need of fast funding.

The company has also been a part of the Online Lenders Alliance for the past decade, as well, ensuring they participate in the best practices when providing the best loans for bad credit.

Why we chose 247 Credit Now

247 Credit Now is a loan brokerage service that assists borrowers, regardless of their credit history, in connecting with reliable lenders at absolutely no cost. With their simplified application process, you can expect a prompt response to your loan request in as little as three minutes.


247 Credit Now is a specialized loan brokerage service that focuses on providing the best loans for bad credit. Its simple and fast application process provides borrowers with poor credit scores options for fast funds in case of financial hardship.

>>Find free loan matching service with 247 Credit Now

8. Brighter Loans –  Most personalized loans


  • A wide variety of loan options
  • Flexible repayment plan and loan size
  • Top-notch customer service team
  • SSL encrypted website


  • Some lenders may require credit checks

Minimum credit score

  • Bad credit or no credit borrowers accepted

APR range

  • Provided by lenders

Loan amounts 

  • $100 to $35,000


Brighter Loans serves as a comprehensive loan matching service that links clients with an extensive range of personal loan options available from a diverse network of potential lenders. The company is committed to understanding the individual needs of their clients and provides tailored and flexible loan solutions that cater to their specific requirements.

Why we chose Brighter Loans

Brighter Loans is a loan matching service that goes above and beyond to cater to the diverse requirements of its clients. The company recognizes that each borrower’s financial circumstances are unique, which is why they are dedicated to delivering personalized loan solutions that are both fast and efficient. 


No matter the circumstance, Brighter Loans is here to assist borrowers with poor credit emergency loans. With a guaranteed approval process, they provide personalized loan options that are tailored to meet each person’s specific requirements. 

>>Apply for personalized loans from Brighter Loans

What Are Bad Credit Loans?

Bad credit loans are financial products specifically designed for people with poor credit scores. These loans provide an opportunity for people with a history of financial difficulties to access funds for various purposes, such as the best debt consolidation loans, home improvements, or unexpected expenses.

Advantages of Loans for Bad Credit

Here are some of the biggest advantages of the best loans for bad credit:

  • Access To Funds: Bad credit loans offer borrowers with poor credit scores the opportunity to access funds that may otherwise be unavailable to them.
  • Rebuilding Credit: Responsible borrowing and timely repayments of loans for bad credit can help improve credit scores over time.
  • Flexibility: Loans for bad credit come in various forms, including personal loans, auto loans, and payday loans, allowing borrowers to choose the option that best suits their needs.
  • Quick Approval: Many lenders offering bad credit loans have simplified application processes, allowing borrowers to receive loan approval quickly.

>>Find the best loans for bad credit with CashUSA

Disadvantages of Loans for Bad Credit

Of course, there are some downsides to loans for bad credit. Here are the main concerns you should look out for:

  • Higher Interest Rates: Borrowers with bad credit are considered higher-risk, resulting in higher interest rates on loans.
  • Limited Loan Amounts: Lenders may offer lower loan amounts to people with bad credit compared to those with good credit.
  • Potential for Predatory Lenders: Some lenders may take advantage of people with bad credit by offering unfavorable terms and excessive fees. Borrowers need to be cautious and choose reputable lenders.

How To Choose a Loan for Bad Credit

Choosing the right loan for bad credit requires careful consideration of several factors. Here are some key steps to follow:

Check the Borrowing Requirements

Different lenders have varying requirements for borrowers with bad credit. Review the eligibility criteria to ensure you meet the necessary conditions before applying for a loan.

Review the Annual Percentage Rate

The Annual Percentage Rate (APR) determines the cost of borrowing over the loan term. Compare the APRs offered by different lenders to find the most affordable option.

Calculate the Monthly Payments

Use an online loan calculator to estimate the monthly payments for different loan amounts and terms. This will help you determine if the loan fits within your budget.

Compare Other Loan Features

Aside from interest rates and monthly payments, consider other features such as repayment terms, fees, and penalties for early repayment. Choose from loans for bad credit that can offer favorable terms for your specific financial situation.

Look Out for Predatory Lenders

Be cautious of lenders who target people with bad credit and offer loans with exorbitant fees or unfair terms. Research and choose reputable lenders with positive customer reviews.

>>Find the best loans for bad credit with CashUSA

How To Get a Bad Credit Loan

Qualifying for loans for bad credGetting a bad credit loan involves several steps to increase your chances of approval and secure favorable terms. Follow these steps to navigate the loan application process:

1. Check Your Credit

Before applying for loans for bad credit, check your credit score to understand your current financial standing. This will help you determine the type of loan you are eligible for and the interest rates you may qualify for.

2. Pre-qualify to Compare Offers

Consider pre-qualifying for loans for bad credit with multiple lenders to compare loan offers. Pre-qualification allows you to see potential rates, terms, amounts, and fees without impacting your credit score.

3. Submit an Application

Once you have selected a lender, complete the loan application process. Provide accurate and complete information to increase your chances of approval.

4. Add the New Loan Payment to Your Budget

Before accepting a loan offer, ensure you can comfortably accommodate the new loan payment within your budget. Failing to make timely payments can further damage your credit score.

>>Find the best loans for bad credit with CashUSA

Tips To Qualify for a Bad Credit Loan

While bad credit loans are designed for borrowers with poor credit, there are steps you can take to increase your chances of approval:

  • Improve Your Credit Score: Take steps to improve your credit score by paying bills on time, reducing debt, and disputing any errors on your credit report.
  • Provide Collateral: Secured loans, such as home equity loans or auto loans, may be easier to qualify for since they are backed by collateral.
  • Get a Co-signer: If possible, find a trusted person with good credit to co-sign the loan. This can increase your chances of approval and potentially lower interest rates.
  • Demonstrate Stable Income: Lenders may consider your income and employment history when evaluating your loan application. Providing proof of stable income can boost your chances of approval.
  • Shop Around: Compare loan offers from multiple lenders to find the best terms and rates available to you.

5 Types of Loans for Bad Credit

Various types of loans are available for people with bad credit. Here are five common options:

1. Secured & Unsecured Bad Credit Personal Loans

The best personal loans for bad credit can be secured or unsecured. The main difference is that secured loans are only accessible if you offer collateral, such as a car or home. On the other hand, unsecured loans won’t ask for collateral but often come with interest rates that are higher.

2. Student Loans for Bad Credit

Students with bad credit may still be able to access student loans through federal programs or private lenders. These loans can help finance education expenses and offer flexible repayment options.

3. Auto Loans for Bad Credit

Auto loans for bad credit provide financing options for people looking to purchase a vehicle. While interest rates may be higher, these loans can help improve credit scores over time.

4. Payday Loans for Bad Credit

Payday loans are usually loans for short time frames, typically repaid on the next payday. The major downside to these loans is that they often come with higher fees and interest rates and should be used cautiously due to their potential to create a cycle of debt.

5. Home Equity Loans & HELOCs for Bad Credit

Homeowners with bad credit may be able to access funds through home equity loans or Home Equity Lines of Credit (HELOCs). These loans use the borrower’s home as collateral and can provide larger loan amounts.

>>Find the best loans for bad credit with CashUSA

Alternatives To High-Interest Loans for Bad Credit

If high-interest loans are not a viable option, consider these alternatives:

Family Loan

Borrowing from family or friends can provide a low or no-interest loan option. However, it’s essential to establish clear repayment terms and maintain open communication to avoid straining relationships.

Payment Plan for Bills

Contact creditors or service providers to discuss payment plans for outstanding bills. Many companies are willing to negotiate and set up affordable monthly payment arrangements.

Local Nonprofits or Charities

Local nonprofits and charities may offer financial assistance programs or low-interest loans to people in need. Research organizations in your community that provide these services.

Medical Bill Assistance

If you are struggling with medical bills, reach out to hospitals or healthcare providers to inquire about financial assistance programs. Many institutions have programs to help people with medical debt.

How To Identify a Bad Credit Loan Scam

When seeking a loan for bad credit, it’s crucial to be aware of potential scams. Here are some red flags to watch out for:

  • No Credit History Check: Reputable lenders will always check your credit history before approving a loan. 
  • No Registration in Your State: Verify that the lender is registered and licensed to operate in your state. 
  • Demands for Prepayment: Legitimate lenders will not ask for upfront payment or fees before approving a loan. 
  • Suspicious Advertising Practices: Trustworthy lenders provide clear and transparent information.
  • Pressure To Act Immediately: Scammers often use high-pressure tactics to rush borrowers into making quick decisions. 

>>Find the best loans for bad credit with CashUSA

How We Ranked the Best Bad Credit Loan Companies

To rank the best bad credit loan companies, we considered several key factors:

  • Eligibility Requirements: We assessed the minimum credit score and other eligibility criteria set by each lender.
  • Loan Amounts: We looked at the range of loan amounts offered by each lender to ensure borrowers have sufficient funding options.
  • Terms: We considered the repayment terms offered by each lender, including the loan duration and flexibility.
  • Interest Rate: We compared the interest rates offered by different lenders to identify the most competitive options.
  • Speed of Funds: We evaluated how quickly borrowers can receive loan funds after approval.
  • Application Process: We assessed the ease and convenience of the loan application process, including the required documentation and time taken for approval.

Best Loans for Bad Credit FAQs

We’ll take a deep dive into the most common questions about the best loans for bad credit.

What’s the Easiest Loan to Get With Bad Credit?

The easiest loan to get with bad credit will vary depending on individual circumstances. However, loans from loan-matching services like CashUSA or offer quick and convenient loan approval.

Will Applying for a Bad Credit Loan Hurt My Credit Score?

Applying for loans for bad credit may result in a hard inquiry on your credit report, which can temporarily lower your credit score. However, the impact is typically minimal, and responsible borrowing can help improve your credit score over time.

Additionally, companies like CashUSA do soft credit checks to match you with the best loans for bad credit, which does not affect your credit score at all.

Can I Get a Bad Credit Loan Without Collateral?

Yes, there are options for loans for bad credit without collateral, such as unsecured personal loans. However, these loans may come with higher interest rates and stricter eligibility criteria.

What’s the Difference Between a Secured and Unsecured Bad Credit Loan?

A secured bad credit loan requires collateral, such as a car or home, to secure the loan. In contrast, an unsecured bad credit loan does not require collateral but may have higher interest rates.

Can I Get a Loan With 500 Credit Score?

It may be challenging to secure a loan with a credit score of 500, but plenty of lenders on our list provide loan options for people with bad credit or no credit score at all. 

>>Find the best loans for bad credit with CashUSA

How Can I Ensure the Lender I’m Considering Is Legitimate?

To ensure the lender is legitimate, research their reputation, read customer reviews, and verify their registration and licensing. Avoid lenders that engage in suspicious or unethical practices.

Are Payday Loans a Good Option for Bad Credit?

Payday loans should be approached with caution due to their high interest rates and short repayment terms. They can be an option for emergency situations, but borrowers should be aware of the potential for a cycle of debt.

What Happens if I Default on a Bad Credit Loan?

Defaulting on a bad credit loan can have serious consequences, including further damage to your credit score, collection efforts, and potential legal action by the lender. It is crucial to communicate with the lender and explore alternative payment arrangements if you are unable to make timely payments.

What Is the Minimum Credit Score for a Bad Credit Loan?

There is no industry standard minimum credit score for loans for bad credit. Lenders have varying requirements, but people with credit scores below 620 typically fall into the bad credit category.

Are There Any Fees Associated With Bad Credit Loans?

Some loans for bad credit may have fees associated with them, such as origination fees or prepayment penalties. It is important to review the terms and conditions of the loan carefully to understand any potential fees.

What Is the Best Loan Company for Bad Credit?

The best loan company for bad credit will depend on individual needs and circumstances. It is recommended to compare loan offers from multiple lenders, considering factors such as interest rates, loan terms, and customer reviews.

Can I Get a Personal Loan With a 500 Credit Score?

It may be challenging to secure a personal loan with a credit score of 500. However, there are lenders who specialize in loans for bad credit, like CashUSA, and may consider applicants with lower credit scores.

>>Find the best loans for bad credit with CashUSA

Apply for the Best Loans for Bad Credit 2024

The best loans for bad credit provide people with poor credit scores an opportunity to access funds for various purposes. 

Loan-matching services through companies like CashUSA can provide tons of options for borrowers for loans at competitive interest rates and flexible repayment terms. 

Overall, loans for bad credit are great ways for borrowers to get access to emergency funds, consolidate their debts, and rebuild their credit score.