Top 10 emergency loans for bad credit

In this article, we’ll look at some of the best sources for quick loans with painless application processes. The following is the list of emergency loan service providers we recommend:

WeLoans– One of the best and fastest for smaller emergency loans.
US Bad Credit Loans – Access to a wide range of emergency same-day loans.
CocoLoan – A good option if your credit score is low.
iPaydayLoans– Good terms available even if your credit score isn’t too bad.

What Is an emergency loan for bad credit?

Urgent loans for bad credit come in two major varieties;
payday advances and
personal loans. The main difference between them are their terms and amounts: payday loans are quick cash loans meant to be repaid within only a few weeks and hence tend to be for smaller amounts. Personal loans are paid back in several installments over a longer period of time, and you can take out an emergency loan for larger amounts ($10,000 or more).

Best emergency loans for bad credit to get fast cash

It may be hard to decide which loan services may be best for you. So we have reviewed many options available in the market, and compiled a list of the best emergency loans for bad credit based on their features and rates.

WeLoans

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Why did we chose it?

Another company that focuses on matching borrowers to same-day cash loans companies, WeLoans can help people find the emergency cash options that are right for their needs. They work with a wide range of lenders with different approval criteria, and will try to place you in contact with lending companies that look at factors other than just your credit score. The company typically has very quick turnaround times; applications are usually processed in a matter of hours.

Pros and Cons

Pros:

Emergency loans from between $50 and $5,000 available.
Competitive interest rates for clients with poor credit.
Fair to good online reviews.
Zero cost to borrowers.

Cons:

Not the best option for larger personal loans.
Relatively new company.
Maximum loan amounts are still restricted by state laws.

How to Apply?

Visit WeLoans.com and spend two to three minutes filling out their secure online form. Within a few hours, you’ll start receiving emails showing you what kinds of fast cash loans you qualify for. All you need to do then is pick the most attractive one and sign a contract with the lender – until you do so, you’re not locked into any agreement and don’t need to pay anyone a cent.

Click here to receive no-obligation quotations on emergency loans for bad credit through WeLoans

US Bad Credit Loans

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Why did we choose it?

US Bad Credit Loans provides high quality services for consumers with no credit or bad credit. It offers short-term payday loans with a maximum amount of a few thousand dollars, as well as personal loans for up to $35,000. Applying for an emergency loan with US Bad Credit Loans is also simple and straightforward, and their rates are very often affordable.

Pros and Cons

Pros:

Good place to start if looking for an emergency loan of more than a thousand dollars
Various kinds of loans are available
Welcomes customers with poor as well as good credit

Cons:

Larger loans may take longer to process
No guarantee your application will be approved
Like with most emergency loans for bad credit, you’ll eventually deal with the actual lender, not US Bad Credit Loans themselves

How to apply?

The first thing you need to do is decide whether a payday, personal, or title loan (with your car as security) will work out best for you. Once this is done, visit the US Bad Credit Loans website and answer a few questions about your credit score, what you need the loan for, and so on. Once this is done, lenders should start contacting you with loan offers within a couple of hours.

If you need more than $1,000 in emergency cash immediately, start with US Bad Credit Loans.com

CocoLoan

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Why did we chose it?

CocoLoan does offer cash advances of up to $5,000 and personal loans of up to $50,000. Even with bad credit, they will probably be able to refer you to a lender which is likely to approve you. Their biggest selling point is a very quick processing time – you should see a loan offer a couple of minutes after you’ve completed the application.

Pros and Cons

Pros:

Quick application and approval process.
No fees charged to the borrower.
Excellent customer feedback.

Cons:

Difficult to borrow large sums.
Loan amounts, interest, and repayment terms are determined by the lenders.
No guarantee of getting an affordable loan (or any at all).

How to Apply?

Completing CocoLoan’s online form takes only a couple of minutes; you only have to provide basic information. You won’t be asked to supply any documents proving facts like your income, though the lender you end up being referred to may require them. Once you’re done, you’ll soon be able to compare different loan offers.

iPaydayLoans

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Why did we choose it?

When you are looking specifically for a payday loan, iPaydayLoans will do all of the homework for you and find the best available options. The site provides unsecured loans from $50 to $5000 in a short length of time with no extensive paperwork required. Additionally, the majority of the loans offered by them are bad credit payday loans, also known as cash advance loans. The procedure for the provision of loans is carried out online. It takes only a few minutes to complete and submit the application that includes some basic information.

Pros and Cons

Pros:

Availability of bad credit loans.
Quick processing times for loans and funds from lenders.
There are a variety of payment options available at reasonable prices.
Services are easy to get and are available around the clock.

Cons:

It is not a direct lender for loans with bad credit.
No more than $5000 in loans is available.

How to apply?

The application process of iPaydayLoans only takes about three minutes on average. Once you complete their simple form, you will be directed to credible loan options from potential lenders. Each of the options is provided with information about the requirements, interest rates, and repayment terms so that you can instantly review all the available options and eventually decide on the right choice for your specific need.

BadCreditLoans

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Why did we chose it?

BadCreditLoans has a track record stretching back to 1998, which gives us some confidence in their customer service. Aside from quick cash loans, you can also apply for products like mortgages and student loans through them. Note that BadCreditLoans is a referral service: they apply to the actual fast loan companies on your behalf but don’t lend out any money themselves.

Pros and Cons

Pros:

Wide variety of loan types available
Specializes in cash loans for bad credit
Simple, free application process

Cons:

Loan terms are dictated by third parties
Minimum loan amount of $500 is sometimes inconvenient
Same-day cash loans have a ceiling of $10,000.

How to Apply?

Simply visit the BadCreditLoans website, enter the amount you’d like to borrow, and supply some personal details. Assuming you qualify, your application will be forwarded to several lenders. These companies will then hopefully contact you with offers you can either accept or refuse.

PersonalLoans

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Why we chose it

Connected to various kinds of lenders, PersonalLoans tries to be a kind of one-stop shop for planned as well as emergency loans online. Like most companies we’ve reviewed, it is a lender referral service and not an actual lender. Unlike most we’ve featured here, PersonalLoans has somewhat challenging income and credit score requirements, meaning that it isn’t your best option when it comes to urgent loans for bad credit.

Pros and Cons

Pros:

Several kinds of loans can be applied for
Connected to a fairly large number of lending companies
Can potentially borrow up to $35,000

Cons:

Quick loans for bad credit are available, but aren’t PersonalLoans’ specialty
Amounts under $1,000 are not considered
Minimum credit score of 600 is required
You have to earn at least $2,000 per month, guaranteed, to qualify

How to apply?

The online application form on PersonalLoans’ website is somewhat longer and more detailed than some others, but there’s nothing confusing about it. As long as you have information like your ZIP code and salary details available, it shouldn’t take you more than a few minutes to complete.

CashAdvance

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Why did we choose it?

CashAdvance mostly offers very short-term quick cash loans for amounts ranging from $100 to $1,000. It does, however, allow qualified clients to request up to $10,000 in the form of installment loans. Like other companies that make money from referring borrowers to the lenders most likely to do business with them, CashAdvance has working relationships with numerous financial institutions that may be willing to grant you a quick cash loan.

Pros and Cons

Pros:

Zero cost to borrowers
No minimum credit score requirement
Generally quick responses to loan requests

Cons:

May share your information with companies that offer debt counseling, credit monitoring, and similar services
Somewhat mediocre customer reviews
Users can see estimated interest rates without harming their credit score

How to apply?

CashAdvance’s online application form goes into some detail about your financial situation but certainly isn’t hard to complete. Once you’ve submitted it, there’s nothing to do but wait for lenders to contact you with the terms they’re willing to give you. You can expect to receive several offers within a few hours.

Upgrade

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Why we chose it?

Depending on your credit history, income, and other factors, you may be able to apply for emergency loans of as much as $50,000 with Upgrade. In contrast to most companies that supply fast loans for bad credit, Upgrade offers a wide range of other financial services including checking accounts and credit cards (through banks partnered with them). This company tries to form long-term relationships with its clients.

Pros and Cons

Pros:

Good reputation and track record
Can apply for several different kinds of loans
Flexible repayment timeframes

Cons:

Relatively high interest rates
Charges fees of 2.9% to 8% on top of interest
You’ll have to open an trương mục with them to receive the best loan terms

How to apply?

Upgrade’s application process is generally similar to that of other companies that offer emergency loans online. The main difference is their “pre-qualification” option, which allows you to see which offers are available to someone with your financial profile without impacting your credit score.

Happy Money

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Why we chose it?

Happy Money’s Payoff loan allows you to borrow anything from $5,000 to $40,000, assuming that you meet their requirements. These fast cash loans are paid back in installments but, unlike most personal loans, are meant to be used only for consolidating credit card debt. This means that you can bundle all your high-interest balances into one loan, reducing the amount you have to pay back each month.

Pros and Cons

Pros:

Competitive interest rates
Helps to improve your credit score, allowing you to apply for another kind of fast loan
Good customer support

Cons:

Can only be used to mitigate out-of-control credit card debt
Charges origination fees of up to 5%
Minimum credit score of 640 required

How to apply?

The first thing to do is visit the Happy Money website and click on “Check My Rate”. This will give you an estimate of how much interest you’ll be charged, which you can compare to your current credit card rate. If you believe it’s worth it, complete an application online, selecting a repayment period of between 2 and 5 years.

Check Into Cash

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Why we chose it?

Though most companies we’ve reviewed function exclusively online, Check Into Cash (established in 1993) has numerous locations spread over 26 states. They are also a lender in their own right rather than a referral service. Their physical presence does make them seem more trustworthy, but the higher costs of operating so many storefronts mean that Check Into Cash doesn’t always offer the best rates on emergency same-day loans.

Pros and Cons

Pros:

Several kinds of loans are available, including lines of credit
Over 650 physical offices in case you feel uncomfortable applying for emergency loans online
Quick approval process

Cons:

Relatively high fees
New customers are limited to borrowing $750
Steep financial penalties for late or missed payments

How to apply?

You can get an idea of what terms you’ll be offered by filling in the pre-qualification form on the Check Into Cash Website. Should you like what you see, you can complete the application. You will then be phoned by a customer service rep who will walk you through the rest of the process.

Final Thoughts

In an emergency, loans may seem like the best solution to your problems. And many emergency loan service providers will still take your loan request even if you have bad credit.

Don’t be too hasty, though, as it can be risky to take out an emergency loan. Make sure to investigate all your options first, including credit card advances, HELOCs, and assistance from nonprofit organizations.

If you do decide to take out a quick cash loan, don’t just accept an offer too quickly. Check the terms of each carefully, especially the interest rate and extra fees for late repayment. In many cases, people have taken out unfair loans as the easiest way to get emergency cash immediately, only to regret it later.

All of us are exposed to minor disasters that can happen at any time: car breakdowns, medical expenses, having to travel unexpectedly, or losing your job. Usually, these problems can be fixed easily, especially if you have access to emergency cash.In this article, we’ll look at some of the best sources for quick loans with painless application processes. The following is the list of emergency loan service providers we recommend:As the name implies, these loans are intended as a way to get emergency cash immediately for people who have an average or even sub-par credit score. These loans usually have relatively less stringent requirements, and sometimes you can get same day approval. Generally, the cash will be available within 48 hours at the most.Urgent loans for bad credit come in two major varieties; payday advances and personal loans. The main difference between them are their terms and amounts: payday loans are quick cash loans meant to be repaid within only a few weeks and hence tend to be for smaller amounts. Personal loans are paid back in several installments over a longer period of time, and you can take out an emergency loan for larger amounts ($10,000 or more).It may be hard to decide which loan services may be best for you. So we have reviewed many options available in the market, and compiled a list of the best emergency loans for bad credit based on their features and rates.Another company that focuses on matching borrowers to same-day cash loans companies, WeLoans can help people find the emergency cash options that are right for their needs. They work with a wide range of lenders with different approval criteria, and will try to place you in contact with lending companies that look at factors other than just your credit score. The company typically has very quick turnaround times; applications are usually processed in a matter of hours.Visit WeLoans.com and spend two to three minutes filling out their secure online form. Within a few hours, you’ll start receiving emails showing you what kinds of fast cash loans you qualify for. All you need to do then is pick the most attractive one and sign a contract with the lender – until you do so, you’re not locked into any agreement and don’t need to pay anyone a cent.US Bad Credit Loans provides high quality services for consumers with no credit or bad credit. It offers short-term payday loans with a maximum amount of a few thousand dollars, as well as personal loans for up to $35,000. Applying for an emergency loan with US Bad Credit Loans is also simple and straightforward, and their rates are very often affordable.The first thing you need to do is decide whether a payday, personal, or title loan (with your car as security) will work out best for you. Once this is done, visit the US Bad Credit Loans website and answer a few questions about your credit score, what you need the loan for, and so on. Once this is done, lenders should start contacting you with loan offers within a couple of hours.CocoLoan does offer cash advances of up to $5,000 and personal loans of up to $50,000. Even with bad credit, they will probably be able to refer you to a lender which is likely to approve you. Their biggest selling point is a very quick processing time – you should see a loan offer a couple of minutes after you’ve completed the application.Completing CocoLoan’s online form takes only a couple of minutes; you only have to provide basic information. You won’t be asked to supply any documents proving facts like your income, though the lender you end up being referred to may require them. Once you’re done, you’ll soon be able to compare different loan offers.When you are looking specifically for a payday loan, iPaydayLoans will do all of the homework for you and find the best available options. The site provides unsecured loans from $50 to $5000 in a short length of time with no extensive paperwork required. Additionally, the majority of the loans offered by them are bad credit payday loans, also known as cash advance loans. The procedure for the provision of loans is carried out online. It takes only a few minutes to complete and submit the application that includes some basic information.The application process of iPaydayLoans only takes about three minutes on average. Once you complete their simple form, you will be directed to credible loan options from potential lenders. Each of the options is provided with information about the requirements, interest rates, and repayment terms so that you can instantly review all the available options and eventually decide on the right choice for your specific need.BadCreditLoans has a track record stretching back to 1998, which gives us some confidence in their customer service. Aside from quick cash loans, you can also apply for products like mortgages and student loans through them. Note that BadCreditLoans is a referral service: they apply to the actual fast loan companies on your behalf but don’t lend out any money themselves.Simply visit the BadCreditLoans website, enter the amount you’d like to borrow, and supply some personal details. Assuming you qualify, your application will be forwarded to several lenders. These companies will then hopefully contact you with offers you can either accept or refuse.Connected to various kinds of lenders, PersonalLoans tries to be a kind of one-stop shop for planned as well as emergency loans online. Like most companies we’ve reviewed, it is a lender referral service and not an actual lender. Unlike most we’ve featured here, PersonalLoans has somewhat challenging income and credit score requirements, meaning that it isn’t your best option when it comes to urgent loans for bad credit.The online application form on PersonalLoans’ website is somewhat longer and more detailed than some others, but there’s nothing confusing about it. As long as you have information like your ZIP code and salary details available, it shouldn’t take you more than a few minutes to complete.CashAdvance mostly offers very short-term quick cash loans for amounts ranging from $100 to $1,000. It does, however, allow qualified clients to request up to $10,000 in the form of installment loans. Like other companies that make money from referring borrowers to the lenders most likely to do business with them, CashAdvance has working relationships with numerous financial institutions that may be willing to grant you a quick cash loan.CashAdvance’s online application form goes into some detail about your financial situation but certainly isn’t hard to complete. Once you’ve submitted it, there’s nothing to do but wait for lenders to contact you with the terms they’re willing to give you. You can expect to receive several offers within a few hours.Depending on your credit history, income, and other factors, you may be able to apply for emergency loans of as much as $50,000 with Upgrade. In contrast to most companies that supply fast loans for bad credit, Upgrade offers a wide range of other financial services including checking accounts and credit cards (through banks partnered with them). This company tries to form long-term relationships with its clients.Upgrade’s application process is generally similar to that of other companies that offer emergency loans online. The main difference is their “pre-qualification” option, which allows you to see which offers are available to someone with your financial profile without impacting your credit score.Happy Money’s Payoff loan allows you to borrow anything from $5,000 to $40,000, assuming that you meet their requirements. These fast cash loans are paid back in installments but, unlike most personal loans, are meant to be used only for consolidating credit card debt. This means that you can bundle all your high-interest balances into one loan, reducing the amount you have to pay back each month.The first thing to do is visit the Happy Money website and click on “Check My Rate”. This will give you an estimate of how much interest you’ll be charged, which you can compare to your current credit card rate. If you believe it’s worth it, complete an application online, selecting a repayment period of between 2 and 5 years.Though most companies we’ve reviewed function exclusively online, Check Into Cash (established in 1993) has numerous locations spread over 26 states. They are also a lender in their own right rather than a referral service. Their physical presence does make them seem more trustworthy, but the higher costs of operating so many storefronts mean that Check Into Cash doesn’t always offer the best rates on emergency same-day loans.You can get an idea of what terms you’ll be offered by filling in the pre-qualification form on the Check Into Cash Website. Should you like what you see, you can complete the application. You will then be phoned by a customer service rep who will walk you through the rest of the process.In an emergency, loans may seem like the best solution to your problems. And many emergency loan service providers will still take your loan request even if you have bad credit.Don’t be too hasty, though, as it can be risky to take out an emergency loan. Make sure to investigate all your options first, including credit card advances, HELOCs, and assistance from nonprofit organizations.If you do decide to take out a quick cash loan, don’t just accept an offer too quickly. Check the terms of each carefully, especially the interest rate and extra fees for late repayment. In many cases, people have taken out unfair loans as the easiest way to get emergency cash immediately, only to regret it later.