Best Bad Credit Loans In 2022 – Top List Of Online Direct Lenders For Payday Loans And No Credit Check Loans Guaranteed Approval | Emergency Loans And Personal Loans For Bad Credit

Nobody wakes up and chooses to wreck their credit rating. It’s either an emergency or other bigger issues that get people stuck with bad credit scores. Unfortunately, most creditors do not understand this. Instead, they are similar to the strict parents who do not take anything other than A on […]

Nobody wakes up and chooses to wreck their credit rating. It’s either an emergency or other bigger issues that get people stuck with bad credit scores. Unfortunately, most creditors do not understand this. Instead, they are similar to the strict parents who do not take anything other than A on their kid’s report card. If you are in a similar situation, this might be your lucky day.

While in the middle of a financial crisis, we found some reliable companies that offer bad credit loans with guaranteed approvals. If you’re reading this, you must be able to relate to the feeling of relief we had when we found these. It felt like the only ray of hope in the darkness, so we thought to share these with you.

In this article, you’ll learn about these bad credit loan companies — what they are, what they do, and how to avail yourself of their services.

But before that, we have shared a list of factors that we looked for when compiling this list. This will give you a clear idea of what features we considered and whether our reviews answer your questions or not. We recommend you go through each option thoroughly and find the best bad credit loans for your needs. Later in the article, we have provided a comprehensive guide for detailed guidance on choosing the best creditors with guaranteed approvals.

List Of Top 5 Online Loans For Bad Credit with Guaranteed Approval

  1. MoneyMutual – Overall Best Bad Credit Loan
  2. BadCreditLoans – Easy Emergency Loans With Poor Credit
  3. CashUSA – Fast Cash Loans With Easy Approval
  4. PersonalLoans – Best For Personal Loans For Bad Credit
  5. CreditLoans – Low Interest Rates For Same Day Loans

#1. MoneyMutual – Overall Best Bad Credit Loan


Bad credits can make your tough times even worse. That’s where MoneyMutual comes into play. It is an ideal marketplace for most people on the lookout for bad credit loans with guaranteed approval. The claim is backed by a vast networking system that matches borrowers to lenders in one go.

Forget your bad credit scores — all you need to do is apply for a loan free of cost and get matched with a lender. MoneyMutual offers same-day processing, so you can get access to funds as soon as possible. Another great thing is that you can get loans from as low as $100 to a whopping $5000.


Minimal interest rates and easy-to-meet requirements are what made MoneyMutual our top pick. But that’s not all. Here are some other reasons why we recommend MoneyMutual.

Application Process and Approval Time: The application process is the same as how it would be in a bank. You need to start by filling a form to initiate the process. It will ask for your personal information, along with a precise, detailed explanation of why that specific information is required. This makes MoneyMutual’s entire process quite transparent and easy to understand.

On completion of the form, the platform will connect you to a lender via an invitation. Once you’re invited, only then will you have to provide further details and discuss the terms and conditions of the loan. Then, within 24 hours, funds will be released to your bank account according to the agreed-upon terms.

Additionally, the repayment plans are relatively flexible. If you’re worried about missing a repayment installment, you can let the lender know beforehand and get some degree of relief on your due installment.

Loan Amount Offered: MoneyMutual has a fixed minimum and maximum defined amount of the loan. Therefore, you can get a loan starting from $100 and going as high as $5000 per application. Fortunately, irrespective of bad credit, you will get the desired amount within 24 hours.

Interest Rate: Cutting it short, the interest rates of MoneyMutual aren’t fixed. Each lender has a specified interest rate, starting from a minimum of 200% to a whopping 1300%. So, although you may get a loan approved and processed within 24 hours, you will still have to consider the interest rates.


  • The application process is quick and easy to follow
  • Payday Loans of up to $5000
  • 24-hour money transaction
  • Transparent terms and conditions


  • Does not operate in Connecticut or New York
  • Interest rates may be high

Customer Experience

The positive reviews from more than 2 million users say a lot about MoneyMutuals. Customers truly appreciate the platforms’ vast network of lenders that provide guaranteed, same-day loan approvals without any hassle.

⇒ Visit the Official Website of MoneyMutual

#2. BadCreditLoans– Easy Emergency Loans With Poor Credit


BadCreditLoans has been up and running since 1998, making it one of the most trusted and reputable companies for helping people get loans. BadCreditLoans is a family of more than 700,000 people, providing a vast network of borrowers and lenders. In addition, it offers 24-hour service, thus allowing you more freedom over your loan application with ample time to examine every detail.

Irrespective of whether you need a loan to pay that long overdue bill or apartment rent, BadCreditLoans will not leave you stranded. Apart from loans with the fastest approvals, you can also avail other offers for debt consolidation loans such as debt relief and credit repair.


Here’s everything you need to know about BadCreditLoans and why people love it.

Application Process and Approval Time: Bad credit loans with guaranteed approval require an excellent application. BadCreditLoans’ simple sign-up process makes this a lot easier. It allows you to apply for a loan, as well as receive and pay off your repayment installments within the comfort of your home.

Simply make an account on their website by following the on-screen instructions and filling in all required details. Make sure to provide the correct information because otherwise, you’ll be wasting your time. Upon completing the form, your loan application will get accepted within as little as 24 hours. The 24 hour acceptance time is due to the vast number of lenders present on the network that are willing to be a helping hand at times of need.

Loan Amount BadCreditLoans Offer: If you’re looking for a more significant sum, BadCreditLoans has got you covered. The company offers a minimum of $500 and goes as high as $10,000, depending on your needs. Surprisingly, the repayment terms are also quite flexible despite the larger loan amount. The repayment period varies between 3 months and 60 months; however it may seem fit.

Interest Rates: When it comes to interest rates, BadCreditLoans’ charges are astonishingly low compared to most other companies. You can agree to interest rates ranging from 5.99% to only 35.99%. However, the lender decides the final interest rate according to their terms and conditions.


  • Approval time of one business day
  • The interest rate is significantly lower
  • On a single application, you can borrow up to $100,000
  • Flexible repayment of loan installments spread over 3 – 60 months


  • The application form might be a bit lengthy

Customer Experience

Customers at BadCreditLoans are pleased with low interest rates and flexible repayment options. Topping it off, the wide lending bracket makes BadCreditLoans the go-to company for most borrowers.

⇒ Visit the Official Website of BadCreditLoans

#3. CashUSA– Fast Cash Loans With Easy Approval


CashUSA is the friend you need when it comes to getting same-day loans with flexible repayment plans. No fee is charged like origination fee, and the entire process takes only a couple of minutes to complete. CashUSA also has strict encryption and security measures to ensure your data is well protected. This ensures that your data isn’t leaked in any security breaches whatsoever.

Additionally, CashUSA provides you with ample time to go through each offer before you go ahead and agree to the lender’s offer. Due to this, you do not have to worry about getting yourself stuck under terms and conditions at times of need.


Wondering what brought CashUSA to our list? Here’s everything you should know.

Application Process and Approval Time: With CashUSA, you no longer have to worry about standing in long queues to fill out paperwork just for it to be rejected at the last minute. Instead, all you need with CashUSA is to fill out your loan application by creating an account. Every detail regarding the terms and conditions of your loan is available for you to go through it.

Once you set up an account, you will be connected to lenders who send out offers based on your application. If you’re satisfied with the offers at hand, you may agree to it and get loans of up to $10,000. Keep in mind, once you agree and accept the offer, only then will you be required to provide additional information.

After filling in all the required details, your loan will be processed within a few minutes. But there’s a catch — funds will take a minimum of 24 hours to be available to you in your account.

The Amount You Can Borrow: With CashUSA, whether you need a loan of $1000 or $10,000, you’re in luck. The platform offers guaranteed loans ranging from $500 to $10,000, even for people with bad credit. However, CashUSA’s lenders have freedom over the amount of money they may offer you. So, you might not always get the amount you’re looking for, but you can still choose to wait for bigger offers.

Interest Rate: 5.99% to 35.99% is the standard interest rate you may get with CashUSA. The company has set this limit to ensure you do not feel the burden of taking loans with excessive interest rates. The offers you get from lenders will have a fixed interest rate starting from as low as 5.99% to as high as 35.99%, and no more than this.

Repayment Period: Additionally, the repayment tenure is one of the most flexible we have ever seen. You can repay the loan with interest within 6 years, based on how much money you have accepted as a loan.


  • Instant approval times
  • Low-interest rates ranging from 5.99% to 35.99%
  • Loans of up to $10,000 are available
  • Flexible repayment schedules


  • Loan offers you get may not be what you’re looking for since the company has given leeway to the lenders in making offers

Customer Experience

Borrowers, especially ones with bad credits, simply adore CashUSA for its straightforward yet systematic procedures. The interest rates and easy repayment terms are what they praise the most.

⇒ Visit the Official Website of CashUSA

#4. PersonalLoans – Best For Personal Loans For Bad Credit


Are you looking for a big payout, and the lower bracket loan isn’t cutting it for you? If yes, PersonalLoans is precisely what you need. The company is offering a whopping $35,000 in loans which are unlike any other company. Topping it off, the interest rates are significantly lower even though the company provides a considerably high loan amount.


PersonalLoans has many reasons to make it to our list of top bad credit personal loans providers. Here are some of the highlights you should know.

Application Process and Approval Time: PersonalLoans acknowledges that time is of the essence when you are facing a crisis. This is why they have simplified the application process and now only require you to fill out a single sign-up form. Afterward, all you need to do is apply for a unsecured loan or secured loan by providing your details.

PersonalLoans’ terms and conditions are also readily available for you to read and acknowledge when applying for a loan. Once you find an offer that meets your needs, you can go ahead and accept the lender’s offer and get funds in your account within 24 hours.

Despite offering $35,000 in loans, the approval timeframe is relatively small and does not take anymore than one business day.

The Amount You Can Borrow: PersonalLoans’ loan bracket ranges from $1,000 to $35,000. With a platform like PersonalLoans, you will not have to consider going for other options if you’re looking for a massive amount of loan at times of need.

Interest Rate: Despite offering $35,000 to one applicant, the interest rates are way lower than you may expect. They range from 5.99% to 35.99%, which the company has set.

Repayment Terms: The repayment terms are pretty borrower-friendly, so you will not have to worry about paying hefty amounts of money with interest each month. Instead, you can repay your sum in installments, distributed over six years.


  • Transactions take 24 hours to come through
  • Low-interest rates
  • Higher loan offers, ranging up to $35,000
  • It allows up to 6 years for repayment of loans


  • The minimum loan amount is relatively high at $1000

Customer Experience

Customers have found PersonalLoans by their side in the worst times. They consider it more of a friend than any other. They have also highlighted how practical the flexible repayment terms are of bad credit loans with guaranteed approvals.

⇒ Visit the Official Website of PersonalLoans

#5. CreditLoans – Low Interest Rates For Same Day Loans


CreditLoans has successfully assisted over 750,000 people in obtaining the loan they required during difficult times. CreditLoans offers guaranteed bad credit loans in amounts ranging from $250 to $5000 from lenders.

With CreditLoans, it doesn’t matter if you have a bad credit score. The interest rates are set to a minimum, so it doesn’t further affect your credit history. For this to happen, the company matches you with the right type of personal loan lenders so that their terms and conditions easily meet what you need.


CreditLoans may be the 5th company on our list, but it has its fair share of highlights to make it one of our top bad credit loan providers. Here’s a detailed insight into what the company has to offer.

Application Process and Approval Time: CreditLoans offers a 3-step process to ensure you meet your potential lender for short-term loans. To be matched with a lender according to the loan amount you need, all you have to do is answer a few questions on the website. Once you answer the questions, you will be matched with a lender who can offer you the amount you need.

Afterward, you can either accept or reject the amount of money offered to you by the lender. When accepted, the entire process takes 24 hours to go through, and you will have the funds in your account on the next business day. This is a great plus for people who do not want to be bothered with long queues and hours of paperwork just to get a small loan.

The Maximum Amount You Can Borrow: CreditLoans offers loans ranging from $250 to $5000. In addition, CreditLoans will not reject your loan application even if you have a bad credit history. More importantly, the entire process takes only a few minutes to complete and is entirely free of cost. Yes, you heard that right; there are no hidden charges or processing fees, origination fees whatsoever.

Interest Rate: Since CreditLoans serve only to connect you with potential lenders, the lenders set the interest rates. But don’t let that scare you. CreditLoans only matches you with lenders with affordable interest rates and ensures that you’re not exploited.


  • Personal information is well protected and encrypted by TRUSTe
  • Funds take only 24 hours to reach your bank account
  • Ideal for small loans, starting at $250
  • Flexible repayment terms


  • The maximum loan amount is only $5000

Customer Experience

CreditLoans’ security measures and fast process is what people appreciate the most. Moreover, they love how lenders are eager to promote a friendly environment by helping borrowers improve their credit history.

⇒ Visit the Official Website of CreditLoans

How We Made This List

At times of financial crises, often the most reliable sources back off, leaving us helpless. Situations like these often make people miserable and force them to do things they never imagined doing, but that’s how it’s always been. Especially with bad credit history, it gets difficult even to ask your family and friends for help.

Thankfully, the problem is now solved, and you can quickly get a loan even with bad credit. But don’t be too overwhelmed, as finding the right company to ask for help can be challenging. In addition, many scams are going on under such names; therefore, it’s essential to work through the clutter and vet every option.

To help you out with this, we have listed some companies that offer bad credit loans or unsecured personal loans with guaranteed approvals. Fortunately, these companies have pretty reasonable terms and do not ask for a kidney in return. Since most bad credit personal loan companies have extremely unaffordable interest rates, this was one of our biggest concerns when making this list. These days, people only help others if they’re sure to get something in return. Although the companies on our list have varying terms and interest rates, all of them are fairly reasonable and trustworthy. Moreover, they have an excellent user base and super active customer support.

To give you a better perspective, here’s a list of the factors we considered when making this list.

What We Looked For

  • How frequently does the company approve loans? To guarantee approvals, we carefully considered if the company had a reputation for frequently rejecting loans be it home equity loans or student loans, which would disqualify it from our list.
  • How long does the company take to approve the loan:? The time a company takes to process your loan application is vital, especially for those who need instant funds. Some companies may take a few hours, while others can take days.
  • How long does it take a company to transfer the funds? Approving the loan is not the only time-consuming step since transferring the funds is another equally lengthy process. Therefore, it was essential to consider if the companies on our list would help users instantly.
  • How much does a company charge as interest rates? Every lender sets its interest rates for each type of loan they grant. Checking this out helped us ensure we are not deviating much from the standard rates.
  • How much can a lender offer? Not every lender may be able to give you the amount you need. That’s why we preferred going through this factor in each option to learn their lending capacity.
  • What do the customers say about the lender? Believe it or not, customer reviews are truly honest on these sites. They helped us rate each lender out of 10 before finalizing the list.
  • What are the repayment terms? When it comes to the repayment terms, there is considerable variation in the policy of each lender. Some offer installments so you can easily pay the loan back in fractions, while others require you to pay back the amount after a fixed period.
  • What locations do the lenders serve? Some lenders operate only in certain areas, which makes it an important factor to look for before deciding.

It is important to note that the creditors allowing secured loans or unsecured loans for bad credits usually have higher interest rates than others. So, unless it is an emergency, we recommend you improve your credit before applying for a loan.

What to Look For When Getting Bad Credit Loans With Guaranteed Approvals?

Bad credit loans are quite risky for the lenders, so most lenders have a pre-set interest rate and lending terms. To be honest, this is entirely fair. However, the problem arises when people take this chance to exploit the ones in need. That’s why you have to be careful about many things when applying for a bad credit loan.

If you are not sure what you need to look for in such a situation, we have compiled a comprehensive guide for you. If required, make a checklist of the mentioned features when sitting down to compare the lenders.

Every lender has a predefined set of requirements based on which he approves a loan. Mostly, these are some basic requirements, like U.S. residency, a minimum monthly income, minimum credit score, etc. The point here is that you must check these requirements before applying for a loan anywhere. This can save you a lot of time and effort because your application will automatically be rejected where you don’t fit the criteria.

The interest rate varies based on your credit scores, the state in which you reside, and the lender’s terms—usually, the better the credit scores, the lower the interest rates. In bad credit scores, look for the standard rates between 5.99% and 35.99%. The final rates are mainly decided after the terms are discussed and agreed upon. The companies we have discussed in this article have extensive networks of lenders where each lender has unique rates and conditions.

Although setting the interest rate is primarily a lender’s call to make, some states prefer to keep things in their hands. Good for you because they don’t let lenders charge you unfairly. Thus, make sure your creditor follows the state rules in this regard, and if they don’t, look for another creditor.

It’s likely that you might not get the whole amount you need from one lender. That’s because every lender has a lending capacity due to which they can only offer a certain amount. Most lenders providing bad credit loans with guaranteed approvals allow a maximum of $5000 as a loan, while some may go as high as $35,000.

Just as it goes with the interest rate, the lending power varies from lender to lender within a platform. However, checking the minimum and maximum lending capacity on a platform can give you a good idea of the range within which you can get a loan.

Repayment terms define how you’ll be paying back the loan to your lender. It can be a lump sum or in installments. For a salaried person, paying back the whole amount in one go can be difficult without enough savings. Therefore, it is essential to discuss the repayment beforehand.

  • Extra Fees or Hidden Charges

Some companies try to trick their users with hidden charges that they disclose after the contract is signed. No matter how inappropriate it is, people have made it a source of income. Don’t fall for such traps, and make sure to discuss all the charges and additional fees before signing any contract. Considering this, we have only included the most transparent companies in our list.

  • Time for Processing Fund Transfers

Once the loan is approved, having it transferred into your account may require some patience on your part. It doesn’t happen overnight and generally takes about 24 hours. But it also varies from lender to lender based on the channel they use to transfer the amount. Thus, make sure to check it out with your lender.

Some creditors do not operate country-wide and cover only a limited area. Therefore, it is necessary to look into their active regions and save yourself some time.

Frequently Asked Questions About Bad Credit Loans

Q1.How Can I Improve My Credit Score?

Improving your credit score is not as difficult as most people think. Here are a few basic things you can do to raise your credit score.

  • Be Punctual. Punctuality is helpful regardless of whether you take out a loan from a creditor or a bank. Your credit score will immediately increase if you pay your payments on time.
  • Try to Avoid Investigations. When it comes to loans, you must practice extreme caution. You might face complex inquiries if you aren’t careful about paying back what you owe. These investigations, as the name implies, can harm your credit score.
  • Pay in Installments. This is the most efficient and straightforward method of boosting your credit score. Installments help you pay on time, thereby enhancing your credit score and preventing costly investigations.
  • Examine your Credit Report. Keeping a check on your credit score can help you stay on track. In addition, doing so enables you to alter the activities that are preventing your credit score from increasing.

Q2. How can I get a personal loan quickly while having a bad credit score?

You can borrow from bad credit lending networks and systems if you have a financial restriction. These sites will let you acquire loans quickly and work to bring you money almost immediately. The procedure is straightforward and does not require a high credit score.

For a quick answer, check out the companies we have discussed above in the article. Not only do they provide bad credit loans with guaranteed approvals, but they also give you better opportunities to improve your credit scores.

Q3. Is it possible to acquire a loan without checking my credit score?

If you don’t want your credit history to be checked during a loan application, you’ll have to pay a fee. By fee, we mean higher interest rates and additional charges, which secures the lender’s interest.

If that doesn’t sound like your thing, here are a few other options to get a loan.

  • Taking out personal loans from pawn shops. These require you to use a possessed object as collateral. The pawnshop will seize the mortgaged item if you do not pay the loan on time.
  • You may also get a car title loan by supplying the lender with the title to your vehicle. If you do not pay back within the fixed time, you will lose possession of your vehicle.
  • You may get a payday loan if you can show that you have enough money to pay back the loan.

Q4.How do I know if my credit score is excellent, normal, or poor?

You can lawfully get a free copy of your credit score from any of the country’s major credit bureaus. You may also get one from FICO, Fair Isaac Company, a reputable bureau with scores ranging from 300 to 850. Any score below 670 is regarded as poor, 580-669 is rated adequate, and 300-570 is considered poor. Any score between 669 and 850 is deemed exceptional.

Q5. What causes a low credit score?

There are several factors that might cause your credit score to drop. We’ve included a few below.

  • You defaulted on your payments
  • You have no financial or loan history
  • Your records show late payments
  • You were unable to make regular payments on cash borrowed in the past

Q6. How long does it take to get your credit score back on track?

This entirely depends upon how bad your credit score is and how far you are willing to go with the improvement. If you want to do it on your own, it will take a long time. You’ll start with identifying items to dispute and then challenging the credit unions, not knowing if you did it the right way. In case you don’t get a response, you’ll have to resend the request and wait for another eternity.

On the contrary, if you hire a reputable organization to do it for you, you’ll be in a much better position. They’re pros at the job and can get things done faster. But here’s the thing to remember in both cases. Major issues, like bankruptcy, take comparatively longer to resolve than minor issues, like late monthly payments. According to our research, bankruptcy may stay on your credit record for up to ten years. Whereas foreclosures, late payments, and charge-offs can linger for up to seven years.

Moreover, although bureaus should respond to a disagreement within a month, the procedure might take years in the event of controversies. Overall, certain variables are unavoidable, while others are within your power.

Q7. Do bad credit scores only affect loan approval?

No, a poor credit score can have a wide range of consequences. We have mentioned some of them below.

Credit Limit. Your credit score mostly determines your provider’s credit limit for you. A higher credit score can help you secure a greater loan amount. So, if you don’t want to be short on cash around the holidays, work on increasing your credit score.

Employment Opportunities. Your credit score has an impact on your chances of getting a new job. Before appointing an employee, most businesses check their credit ratings. Start improving your credit record ASAP if you want to make a positive first impression on your employer.

Security Deposit. With bad credit, you need to keep a greater amount as a security deposit. Whether it’s for a new phone or a rent-a-car, you’ll need to pay higher security deposits.

Insurance. Having bad credit means your insurance prices may differ from those of your pals. It’s not because your insurance is more valuable; it’s because you have a poor credit rating.

Q8. Are unemployed people eligible for bad credit loans with guaranteed approvals?

Some bad credit loans with guaranteed approvals do not require proof of employment. Although it is a primary condition put forth by most creditors, some may grant you leeway. In some cases, if you show the lender that you have sufficient cash in your account, you can easily get a loan without employment or good enough credit scores. Some creditors may also grant you a loan based on your income streams and not solely on your employment.

Wrap Up

Bad credit loans with guaranteed approvals are like a dream come true for a lot of people. Gone are the days when selling out your stuff was the only way to arrange funds in emergencies. Now you can quickly get a bad credit loan with guaranteed approval. Generally, to get the amount in your account, you have to go through an application process that can be lengthy and uncertain, as you don’t know whether your application will be approved. But with creditors offering guaranteed approvals, things are much more accessible.

We have made a list of some reliable bad credit loans with guaranteed approvals. They follow a transparent and straightforward procedure that saves you time and effort. So go through them once before trying out any others. You can visit their websites or contact their customer support for a detailed discussion.

For a better decision, you must check out our detailed guide on how to get an appropriate creditor. It highlights all the factors you should consider when choosing a lender. You can even make a comparison chart if needed!

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