2022’s Best Bad Credit Loans: Top 5 Lenders For Emergency Loans & Cash Advance| Personal Loans For Bad Credit Score

If you’ve ever been in a situation where you needed urgent cash, you know how nerve-wracking it is to find a place willing to lend you some. There are always banks that can loan you the money, but we all know how exhausting they make the entire process. From lengthy applications to impossible eligibility criteria, not to mention the endless visits from one office to another, bank loans sure are safe but can make your already tough situation even more miserable.

Whether you are stuck with hefty bills like an unforeseen medical emergency or a massive mortgage or trying to bridge the gap in your business finances, scoring a loan becomes a necessity to keep you afloat. Under normal circumstances, if you are someone with a bad credit profile, this whole process becomes a lot more complicated. There is a chance that you’ll get rejected by any bank you go to. Even if you are lucky enough to find a bank willing to lend to bad creditors, the interest rate is likely to be extraordinarily high, which will do more harm than good.

Fortunately, there is a way you can dodge all this tension and get straight to business. With most industries slowly shifting online, many lending companies have made their mark in the field. They not only provide convenience, but most will accommodate bad creditors as well. The interest rate will vary according to the credit profile but is well within a reasonable range. Apart from this, these companies are also swift and will get approval within hours.

Online companies have made a mark in the industry. They are known to rescue people out of drenching situations by lending them money, fast and secure. They usually perform a soft credit check and keep other factors like monthly income and job history to determine your financial health. Not just this, online lending companies also offer a very convenient experience. The entire application process takes around 5 minutes, meaning no more visits to any office.

You might be wondering whether to trust these online lenders or not. While there are countless predatory lenders out there, many online companies operate in good faith. They are certified and have been working for years now. Not only have they built a credible profile, but they also have a reputable lender network that ensures good terms and experience, even if you have bad credit.

To aid you in differentiating between good and bad lending platforms, we have penned down a detailed guide in this article. We also went ahead and scoured the internet to find the best online companies for bad credit loans with guaranteed approvals. Keep reading to find out about these brands and learn more about online lending.

Top 5 Companies for Bad Credit Loans With Guaranteed Approvals

  1. MoneyMutual – Best Online Lender For Bad Credit Loan, Editor’s Choice
  2. BadCreditLoans – Popular Lending Company Of Bad Credit Loans
  3. RadCred – Top Shelf Lending Platform For Same day & Payday Loans
  4. CashUSA – Reliable Lenders For Easy and Fast Cash; Instant Approval
  5. PersonalLoans – Most Recommended Personal Loans With Guaranteed Approval

#1. MoneyMutual: Best Online Lender For Bad Credit Loan, Editor’s Choice


For over a decade, MoneyMutual has been dragging its users out of the money crisis. Whether you are someone with bad credit or someone looking to get quick cash within 24 hours, MoneyMutual always has your back.

MoneyMutual has a very vast lender network that connects your application to over 60 lenders simultaneously. You simply need to fill out an online application form, and the people at MoneyMutual will do the rest for you. Once the lenders review your application, they will start making offers to you. Some will come with a higher interest rate as it greatly depends from lender to lender. So, make sure you are taking your time to choose the most reasonable offer and not signing anything too quickly.

MoneyMutual accommodates all kinds of creditors. The interest rate you get might be a bit higher if you have bad credit, but it is well within the range. Once you and the lender agree on some common ground, the approval and the fund transfer are very swift, usually less than a day.

Whether you want to repair your car or pay some medical bills, MoneyMutual is the place to go. They offer fast and easy loans that anyone can acquire. Below are some key features of the company.


MoneyMutual requires a monthly income of at least $800 to qualify for a loan. Aside from that, you must be at least 18 years old, have US citizenship, and have a bank account. Because there is no credit check policy, the platform is open to all types of creditors.

If we talk about the loan terms, MoneyMutual offers a loan of up to $5,000. There is no set interest rate, and it varies from lender to lender but is reasonable. The loan period can go up to 3 years, but the lender again decides that.

Moreover, there are no application or setup fees. The company offers top-notch services without billing you a single penny.Not just that, they also offer an in-depth section of valuable educational resources to help users get acquainted with the loan terms and the process better. This way, they have helped many users understand online loans and clear ambiguities before they head on to signing anything.

⇒ Visit the Official Website of Money Mutual


  • Fast fund transfer
  • Accommodates bad creditors
  • No application fees
  • Guaranteed approval
  • Reasonable loan terms


  • Requires a minimum of $800 in monthly income

Customer Experience

Another field that MoneyMutual excels in is customer service. Judging by its past clients’ reviews, MoneyMutual is always available to help out its users. The representatives make sure that they thoroughly explain and/or clear out any ambiguities that the users face. Apart from this, they also offer a very secure platform. The website is encrypted and eliminates any chance of privacy breaches. Apart from this, MoneyMutual is a member of OLA (Online Lenders Alliance), which means that they abide by fair consumer practices. This further adds to their credibility.

#2. BadCreditLoans.com: Popular Lending Company Of Bad Credit Loans


The next company on our list is BadCreditLoans. If you are looking to pay those hefty bills or fund your start-up but are suffering from bad credit, this is the company for you. They offer quick and easy loans that can go up to $10,000. Their interest rate is also very reasonable, and they cater to all kinds of creditors. This makes them one of our go-to companies, especially in emergencies.

They have an extensive lender network that gives you some room to choose an offer you can afford. Once you press submit, BadCreditLoans will link your application to their network and it will not be long until you start getting offers. You can then go with the one that seems most reasonable to you, keeping other factors like the loan period in mind along with the interest rate.

BadCreditLoans offers a very safe and secure experience. They have encrypted their website with top-tier software that protects your personal information and prevents any invasions. On the topic of websites, they’ve also made their website very user-friendly and easy to navigate. So, even if you are new to this, you will find the entire process hassle-free, not to mention extremely swift.

A few highlights of BadCreditLoans are mentioned below to help you understand the company and its process better.


Applying for a loan at BadCreditLoans is as simple as it gets and takes hardly 5 minutes. All you have to do is fill out an application form that requires your personal information and preferences. There are no credit checks or income thresholds that could cause a problem. However, there are some requirements that you have to meet in order to get approval. You must be over the age of 18, have US citizenship, and have an active bank account. If you do fulfill these criteria, then you are good to go.

As mentioned earlier, BadCreditLoans offers loans that can go up to $10,000. The interest rate varies from lender to lender and depends on your credit profile, but it is something in between 5.99% and 35.99%. The lender also sets the loan terms, but to get an idea, it is typically between 3 to 60 months.

Moreover, BadCreditLoans doesn’t charge their customers any application fees. They link your application to hundreds of lenders and help you get an offer, all free of cost.

⇒ Visit the Official Website of Bad Credit Loans


  • No credit checks
  • Offers loans up to $10,000
  • Quick approvals
  • No income threshold
  • No application fees


  • Might require more personal information during the application process

Customer Experience

Because of the quick and simple experience they provide, BadCreditLoans has quickly established their rightful place in the industry. The customer reviews have shown how helpful and accommodating their customer service is. Their representatives are also available 24/7 to help their users with any queries. Apart from this, their no credit check and income threshold have quickly made them a fan favorite.

#3. RadCred: Top Shelf Lending Platform For Same day & Payday Loans


RadCred, which has served thousands of satisfied users, is dedicated to assisting its customers in overcoming financial difficulties. They offer loans that go up to $10,000 on easy and flexible terms. They also accommodate bad creditors that make acquiring a loan from them extremely easy.

RadCred offers a safe and secure experience where there is no chance of any privacy breach or scam. Their website is fully encrypted and verified by many third-party sources. Apart from this, their services are 100% free to use, meaning you won’t be billed with hefty application fees or anything of that sort.

So, whether you are worried about paying your college bills or repairing your car, RadCred has got your back. Let’s dive into some features of RadCred to help you understand how they work and what they are offering.


There isn’t much difference when it comes to applying for online loans at RadCred. All you have to do is fill out an application form that takes in your personal information and preferences and then, if you are eligible, links you to the lender network. After reviewing the form, the lenders will start making you offers, and you can then choose the one that seems most reasonable to you.

The loan amount at RadCred can go up to $10,000 for bad creditors, but if you have a good credit profile, you can get a loan as high as $10,000. The lender sets the final interest rate, but it is subject to change. The rest of the repayment terms, like the loan period, are again set by the lender.

Moreover, RadCred is best known for the safe and secure experience it provides. Their website is fully encrypted, which eliminates any chance for an invasion or scam.


  • No application fee
  • If you have bad credit, this is the best option for short-term loans
  • Fast approvals and fund transfer
  • Offers loans up to $10,000 with bad credit
  • Secured website


Customer Experience

RadCred has constantly been scoring new users. Their safe and secure environment ensures that no user returns angry. They also offer excellent customer service, with representatives available to help 24/7. Apart from this, they are also the best when it comes to short-termed loans. Their repayment terms are both reasonable and flexible. Their approval process is very swift, as well as the fund transfer. Over the past two decades, RadCred has proven itself as one of the most credible sources to turn to in times of emergencies and easy loans

=> Click here to visit the official website of RadCred

#4. CashUSA: Reliable Lenders For Easy and Fast Cash; Instant Approval


When it comes to loans with flexible terms, minimum eligibility criteria, and guaranteed approvals, CashUSA is the way to go. They offer multipurpose loans that range from $500 and go as high as $10,000.

Whether you want to buy a new car, remodel your house, or go on a vacation, all you have to do is go to CashUSA’s website, fill out an application form and choose an offer. CashUSA will do the rest, and you’ll get your money within a day or two. They have simple eligibility criteria that make the entire loaning process even more convenient. Their no credit check policy welcomes all kinds of creditors and makes sure no user is going empty-handed. Adding to the convenience, their website is user-friendly and very easy to navigate, which makes the entire experience super handy, especially for the first-timers.

CashUSA offers a very safe and secure experience. Their website is entirely encrypted, which means that your personal information can only be accessed through authorized channels. It also prevents any attacks and privacy breaches, ensuring that your personal information is in safe hands.

To help you better understand how CashUSA works, we have jotted down some of its key aspects. Keep reading to learn more.


Acquiring a loan at CashUSA is as simple as it gets. All you have to do is fill out an application form and wait for the lenders to make you an offer. The application process itself takes less than 5 minutes and requires basic information like your name, address, credit history, and employment information. You can also put in your preferences so that CashUSA can link you to preferable lenders.

To qualify for a loan at CashUSA, you have to be at least 18 years old, have US citizenship, and have an active bank account. If we talk about the salary, CashUSA requires a minimum of $1,000 per month. Apart from this, there are no other requirements, not even a credit check.

CashUSA offers both long and short-term loans. They typically range from $500 and can go up to $10,000. The lender sets the loan period and the interest rate, but CashUSA has provided their lenders a set range. The interest rate at CashUSA varies between 5.99% and 35.99, while the loan period is usually between 8 to 72 months.

⇒ Visit the Official Website of CashUSA


  • Multipurpose loans such as student loans, mortgages, and auto loans
  • No credit check
  • Guaranteed approval if you fulfill their simple eligibility criteria
  • Large lender network
  • Extensive educational section
  • No application fees


  • A monthly income of $1,000 required

Customer Experience

Whether we talk about their excellent customer service or flexible loan terms, CashUSA has scored many fans over the years and all due to the right reasons. They offer fast, easy, and reasonable loans that have dragged many users out of their financial crisis over the years. Their representatives are also very helpful in clearing out any queries and helping you understand the process better. Moreover, they also have an in-depth section of educational material available on their website that is free to use and has helped many users, especially newbies, clear out any doubts and questions.

#5. PersonalLoans: Most Recommended Personal Loans With Guaranteed Approval


Next up on our list is PersonalLoans. If you are looking for a safe and secure platform that offers bad credit loans on reasonable terms, PersonalLoans is the right place for you. They offer short and long-term loans that can go up to $35,000.

PersonalLoans has an extensive lender network that accommodates almost all kinds of creditors. Your application gets linked to hundreds of lenders within a matter of minutes, and it doesn’t take long for the offers to start coming. In case you can’t find an offer you like, people over at PersonalLoans will redirect your application to trusted third-party lenders. This will give you more, and hopefully reasonable, options to choose from.

Another great thing about PersonalLoans is that they do not judge their users based on their employment type. Many lenders, especially banks, will not lend money to self-employed users. However, at PersonalLoans, there is no such restriction. As long as you have a stable job, you are eligible for a loan at PersonalLoans.

Read on to explore some key features of the brand and how you can apply for a loan at PersonalLoans.


As mentioned earlier, PersonalLoans doesn’t have any restriction imposed on the nature of your employment. However, to fulfill the eligibility criteria, you must have a stable enough job. Apart from that, you need a minimum credit score of 580, US citizenship, and an active bank account. If you meet these criteria, then you can easily secure a loan at PersonalLoans.

The loans at PersonalLoans range from $500 to $35,000. The interest rate is set between 5.99% and 35.99% and the loan period is 3 to 72 months. The lender sets the final interest rate and the loan period. However, if you are getting an offer from a third-party lender, the loan terms might differ.

Another great thing about PersonalLoans is their quick approvals. Whether you are applying for a large loan or just a couple hundred bucks, PersonalLoans will make sure you get your funds within a day. Once you and the lender agree on some common terms, the people at PersonalLoans will get the right to the approval. Once the paperwork is done, you’ll receive the funds within 24 hours, all thanks to their fast-wire transfers.

⇒ Visit the Official Website of Personal Loans


  • Fast fund approval and transfer
  • It provides loans of up to $35,000
  • Reasonable loan terms
  • Links you to secure third-party lenders


  • A minimum of a 580 credit score required

Customer Experience

Judging by their past clients’ reviews, PersonalLoans has built a solid reputation in the industry. They are a member of OLA (Online Lenders Alliance) that separates them from all the predatory lenders on the market. It also proves that they abide by fair and honest consumer practices. This, coupled with their excellent customer service, has made them a fan favorite, and they have maintained their standards for a very long time now. Apart from this, they are also very thorough and clear with their policies and have earned the trust of thousands in this way.

Factors To Look for Before Getting a Bad Credit Loan

Getting an online loan is easy, convenient, and quick, but there are several things that you should keep in mind before signing up for anything. We have listed some important points you should know before heading in. Keep reading to find more.

A company’s reputation is the most important thing when getting an online loan. The online lending industry is saturated with lenders, both good and bad. Many lenders operate on fair consumer practices, but many are still on the lookout for ways to trap people with bad terms. Apart from unreasonable terms, these predatory companies also bill you with unnecessary charges that can add up to be another burden.

Before signing up with a company, make sure you have done fair research on their policies. Apart from understanding their terms, you should also read their past clients’ reviews. The service and the treatment offered by a company are a reflection of their customer reviews. Any pattern of bad or problematic experience is your cue to leave that company behind. You should also consider the ratings left by different platforms for that company during your research.

To apply for a loan, even an online loan, you have to meet certain eligibility criteria. Analyze your credit report and set your preferences correctly. Many online lenders will make you an offer on bad credit, so don’t agree on the very first offer you get. Wait for multiple offers, and then choose the one that seems most affordable to you.

Many lenders will let you bring a signatory to co-sign your loan if you fail to meet their requirements. This is a risky step, but it can get you out of your temporary financial troubles if everyone agrees. You may also get a more reasonable offer if your co-signer has a good credit profile.

Meeting the company’s requirements and getting an offer isn’t the hard part. The most important part comes when you have to decide on the loan terms. If you have multiple offers, you should go with the one with a minimum interest rate. However, you should also look at the loan period and other charges as well. Set an installment payment that you know you can afford. Otherwise, it will end up hurting your credit even more.

Meeting the company’s requirements and getting an offer isn’t the hard part. The most important part comes when you have to decide on the loan terms. If you have multiple offers, you should go with the one with a minimum interest rate. However, you should also look at the loan period and other charges as well. Set an installment payment that you know you can afford. Otherwise, it will end up hurting your credit even more.

Apart from this, make sure the company isn’t charging you any unnecessary charges. Many predatory lenders do this by billing their users with extra charges in the name of application or processing fees. So, give your contract a thorough read before signing.

  • Setup Fees and Additional Charges

Setup fees or application fees are something that a company may charge for loan processing. However, not every company does that. There are many lenders out there offering top-notch services 100% free. If a company is charging you a fee, remember that it shouldn’t be hefty at all. Many predatory lenders will charge you unnecessary bills just to get your hard-earned money out when you are in need.

So, be on the lookout for this one. Take your time to read their policies, hire a consultant if you can’t understand something, and never sign with any ambiguity in mind. Also, make sure that you are reading the contract thoroughly, even the fine print.

Step-by-Step Guide to Getting a Bad Credit Loan With Guaranteed Approval

Online loans have become increasingly popular, and if you are looking to get one, here is how you do it. We have mentioned some key points and elaborated on them, so you don’t miss out on any important parts.

Step 1: Assess Your Credit Report

Before going in, the first thing you should do is a detailed analysis of your credit report. If you are someone with bad credit, you are going to get a higher interest rate. So, if you have some time on hand and you can delay your loan by a few months, you should try to improve your credit. You can hire a consultant or a professional to help you do that. Once your credit score is fair, you can then apply for an online loan and get a much better offer.

However, if you don’t have time and need money urgently, make sure your credit report is updated. Analyze the areas that can be instantly improved before you apply somewhere. If your credit report shows that you are financially responsible, you might get a better offer.

Step 2: Set Your Preferences and Planning Ahead

Once you have looked through your credit report, you should get straight to planning. See how much loan is required and what repayment terms you can afford. Don’t loan any extra money as it will increase your installments, and that’s extra money in the form of interest rate, going out of your pocket.

Apart from this, you should plan and budget your monthly installments. You should only agree to the terms that you are certain you can afford. Anything even slightly hefty can put you in more debt and take a severe hit on your credit.

Step 3: Find a Reputable Company

Signing up with a good company is just as important as the above two steps. Make sure you are conducting proper research on the company you are planning on choosing. Go through their policies and terms beforehand. If you can’t understand something, hire a consultant and clear out any ambiguities.

You can also look at the customer reviews and ratings from different sites to see which company is legit. You can easily spot a predatory lender just by looking at their past clients’ reviews.

Step 4: Consider the Eligibility Criteria

After you have found yourself a company, make sure you are meeting their eligibility criteria. Do this beforehand to avoid wasting time and unnecessary checks on your credit report. You can see if you are eligible by going to the site’s general FAQ or any other designated section that they have. If you are still having trouble, you can ask their representatives to help you out.

Step 5: Compare the Available Offers

On to the final stages, it is highly likely that you will get more than one offer on your application form. Your application basically gets linked to a company’s lender network, where tens and hundreds of lenders review it. Once they have analyzed your application along with your credit report, they draw you an offer according to that. Since every lender has different criteria, you will get a range of interest rates and other repayment terms. So, make sure you are not rushing and take your time choosing the most affordable one.

Alternative Options to Bad Credit Loans

If you have bad credit, you may have difficulty getting an affordable offer. Poor credit has exceptionally high interest rates, therefore opting for them would be a bad idea. So, to help you sort it out, we’ve listed a few options you can consider if you need money right away.

Secured loans come as both online and offline loans and basically require collateral. This can be an asset such as your property, your car, or any other valuable asset. In case you fail to repay the loan, the lender can keep the collateral. This is a risky option, and you can end up losing a lot more than what you have, but in emergencies, this can be a lifesaver.

  • Taking Help From Employer

If you are working for someone, you can ask them for an advance salary or a loan that you can later repay. If this is possible with your employer, it could turn out to be a great option as you won’t have to worry about unaffordable interest rates or any sort of scams.

  • Borrowing From a Friend or Relative

If you can’t score a loan, you can always ask your friends or family to lend you the money if they are in that position. You can get exactly the amount you need, especially if you want a small loan. You should, however, make sure that you can repay the loan on time before asking them at all.

FAQs Regarding Same day Loans

Q1. How is credit score calculated?

The FICO credit score is calculated by factoring in some key aspects of your finances. A breakdown of how your credit score is calculated includes 35% of payment history, 30% of amounts owed, 15% of credit history, 10% of credit mix, and 10% of new credit.

Q2. What is a bad credit loan?

Bad credit loans are usually short-term loans that lend you money despite your credit score. There are two types of short-term loans, secured and unsecured loans.

Before the lender agrees to loan you the money, secured loans require some form of collateral, such as a car or a piece of real estate. Unsecured loans, on the other hand, do not require collateral. This is an important consideration when determining the rest of the loan and payback terms, but the terms are usually determined by the lender. When it comes to loans for those with bad credit, some companies and lenders have rigorous criteria, but if you know where to look, you may still discover some easy-going lenders.

Q3. Why do lenders lend to bad creditors?

While many lenders have a strict credit check policy, some lenders perform a soft credit check and count on other factors like your job history and current income to judge your financial health. These lenders will set the interest rate slightly high as they need some security and want the money back as quickly as possible, but the interest rate still isn’t too bad. Some lenders will ask you for collateral that they can keep if you fail to repay the loan on time.

Q4. How is credit score rated?

A FICO credit score varies between 300 to 850 and is rated as Poor for 300 – 570, Fair for 580 – 669, Good for 670 – 739, Very Good for 740 – 799, and Excellent for 800 – 850.

Conclusion: Best Direct Lenders For Bad Credit Loans

Emergencies can strike anytime. We know how challenging it is to arrange money, especially if you are short on time on top of having bad credit. Here, bad credit loans play a huge part in dragging you out of your money problems. Whether you want to pay off a bill, finance your business or remodel your house, bad credit loans can help you do all that.

But before you sign up for anything, take your time to analyze your requirements and set your preferences. Find a reputable company that seems like a good fit to you. Learn about the terms and the conditions before jumping in, so you don’t get stuck with anything you don’t like. Make sure you are taking these responsible steps and staying vigilant about predatory lenders as well.

If we had to choose a company from our list, it has to be MoneyMutual. They accommodate every kind of creditor and offer guaranteed loans on good terms. But in the end, it all comes down to your preferences and what you are willing to afford. We hope this article helped you to make that decision somewhat easier.

The news and editorial staff of Sound Publishing, Inc. had no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

Sound Publishing, Inc. does not accept liability for any loss or damages caused by the use of any products, nor do we endorse any products posted in our Marketplace.

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