Bad Credit Loans: 5 Best Lenders for People With Poor Credit

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(Ad) If you have bad credit, the search for a personal loan can be frustrating and at times even disheartening. It’s true that a poor credit score limits your options, but that doesn’t mean things are hopeless.

We spent time researching and comparing the best bad credit loans you can apply for to get quick cash when you need it. Plus, we’ve got virtually everything you need to know about bad credit loans, the application process, and how a personal loan can help you build a better financial future.

In fact, if you have bad credit, prepare to compromise regarding the terms of your loan. However, if you can make your monthly payments on time, taking out a personal loan (even one with a high APR) gives you the chance to increase your credit score and better manage your spending habits.

Keep reading to learn more about the five best bad credit loans, including terms, APRs, and other important information. Then, you can decide for yourself which is the best personal loan company for your borrowing needs.

The 5 Best Loans for Bad Credit in 2022

  • BadCreditLoans: Best for bad credit (up to $10,000)
  • Upgrade: Best for debt consolidation (up to $50,000)
  • OneMain Financial: Best for fair credit (up to $20,000)
  • LendYou: Best for small short-term loans (up to $2,500)
  • PersonalLoans: Best for fast funding (up to $35,000)

If you’re looking for the best personal loans for people with less than perfect credit, these five companies are a great place to start.

1) BadCreditLoans: Best Bad Credit Loan Company Overall

bad credit loans is a free online service that connects people who have poor credit to reliable financial lenders. The business has been in operation since 1998 and offers a wide range of loans:

  • Business loans
  • Personal loans
  • Student loans
  • Auto loans
  • Mortgages

If you match with an online lender and accept the terms, you could potentially have loan funds deposited into your trương mục via direct deposit as soon as the next business day.

Loan Amount: Using the free online portal that BCL offers, you can request a loan amount between $500 and $10,000.

APRs: Your APR (interest rate) depends on several factors, such as the specific lender and your credit rating. Remember, BCL doesn’t determine your interest rate since it is not the lender offering you the loan. Instead, it’s the designated lender that assigns your APR, which can be between 5.99% and 35.99%.

Terms: Again, specific loan terms depend on the lender you choose, your credit score, and the amount of money you’re asking to borrow. With BCL, you can expect a loan repayment period between three months and 36 months, making this online platform an excellent choice for people who want a short-term loan they can pay off quickly.

Eligibility Requirements: If you don’t meet or exceed the eligibility requirements of BadCreditLoans, you won’t receive approval. The minimum credit score requirement for BCL isn’t public information, but this online platform is ideal for people with very poor credit. Other eligibility requirements include:

  • Proof that you’re over the age of 18
  • Social security number or proof of citizenship
  • Proof that you earn regular income (pay stubs, W-2s, etc.)
  • A personal bank trương mục in your name
  • Valid contact information

Application Process: The application process can be painless and doesn’t require an application fee. You can usually expect a quick decision after you submit your application. If you don’t get an offer from any in-network partners, BCL will connect you with other third-party lenders.

Click Here to Learn More or to Apply for a Loan With BadCreditLoans

2) Upgrade: Good Option for Borrowers with Lack of Credit History


With loans up to $50,000, low rates and monthly payments, and a wide range of borrower-friendly features, Upgrade is another company that offers some of the best loans for people with bad credit. Upgrade offers a range of options for online personal loans, including:

  • Secured loans
  • Joint loans
  • Credit card consolidation
  • Debt consolidation
  • Home improvement loans

Upgrade is also a popular choice for many people with bad credit because you can get better terms by applying for different rate discounts. For example, if you sign up for Autopay, you’ll qualify for a 0.5% rate discount. It may not sound like very much, but every penny saved adds up in the long run.

Checking trương mục customers also qualify for a rate discount, and so do borrowers who make monthly payments directly to creditors on a debt consolidation loan. Plus, Upgrade has a mobile app that makes managing and tracking your loan extremely easy and convenient.

Loan Amount: Upgrade offers bad credit loans between $1,000 and $50,000.

APRs: Interest rates vary between 5.94% and 35.47%. In fact, one of the reasons so many people choose Upgrade for a bad credit loan is because of the reasonable terms and APRs the company features. However, be aware that Upgrade does also have an origination fee between 2.9% and 8%.

Terms: Another customizable feature of Upgrade’s available loans is the longer loan terms. Upgrade offers loans between 24 months and 84 months.

Application Process: You can expect an easy online application process from Upgrade. The most popular option is pre-qualification, which lets you view your available rates without negatively affecting your credit score. After your approval, you should have your loan funds within a day or two.

Eligibility Requirements: Unfortunately, Upgrade is not available for residents of Washington D.C., or West Virginia.

Click Here to Learn More or to Apply for a Loan With Upgrade

3) OneMain Financial: Bad Credit Personal Loans up to $20,000

onemain financial

OneMain Financial is a personal loan company that caters towards borrowers with bad credit or fair credit. OneMain Financial offers online loans for a variety of uses including home improvements, vacations, debt consolidation, auto loans, and unexpected expenses. This company has been around for over 100 years and has one of the best reputations in the loan industry.

Similar to other lenders, OneMain Financial offers installment loans with fixed interest rates. If you’re approved for a loan, you’ll be able to borrow money and pay it back over time with monthly payments. A personal loan can be a great alternative to credit cards, as the payment amounts are predictable and the interest rates are typically lower.

OneMain Financial makes getting a bad credit loan as easy as possible. Their simple online application will ask you for some basic information such as your financial, employment, and personal info. This application only takes minutes to complete for most users. After approval, they will connect you with a loan specialist and present you with several loan options to choose from. Once you review and accept the terms of the loan and sign documents, likely receive the money the next business day.

OneMain Financial offers both secured and unsecured loans. A secured loan will require you to provide collateral, such as an automobile, which is a great option for borrowers with really bad credit. On the other hand, an unsecured loan doesn’t require collateral at all.

OneMain Financial offers loan amounts that range from $1,500 to $20,000. They offer term lengths of 24, 36, 48, and 60 months. Your terms and interest rate will vary based on information such as your credit history, income, expenses, debt, and available collateral. OneMain Financial does offer a personal loan calculator to estimate your monthly payments for different loan amounts.

In order to apply for a personal loan with OneMain Financial, you’ll need to provide the following information:

    • A copy of a valid, government-issued ID
    • Social security card
    • Proof of residence
    • Proof of income

If you’re looking for a reputable bad credit lender with fast funding, OneMain Financial is a great option to consider.

Click Here to Check Rates or Learn More About OneMain Financial

4) LendYou: Small Online Loans with Fast Approval


LendYou is an online loan marketplace that specializes in short-term loans. LendYou offers a fast and secure online application with fast approval. After submitting an application with LendYou, you can receive cash in your trương mục as soon as the following business day.

Whether you need fast cash for medical bills, auto repairs, or a vacation, LendYou can help you find the perfect loan for your needs.  LendYou welcomes borrowers with all credit histories, including people with bad credit.  

LendYou is not a direct lender and does not make loans or credit decisions. They are a loan marketplace that connects consumers with independent third party lenders.  Once you submit an application through the LendYou platform, you will receive an offer in real-time from a direct lender, which will include the terms and conditions of the loan.

Getting a personal loan from LendYou does not require collateral. You’ll just need to show a regular source of income to qualify, such as a paycheck.

The LendYou application process is swift and only takes a couple of minutes to complete. After submitting an online application, you’ll see a real-time offer from a direct lender. Should you accept the terms, you’ll have your money deposited into your trương mục as soon as the next business day.

Each independent lender has their own individual requirements that must be met, but the typical requirements to expect include:

      • At least 18 years of age
      • Valid checking or savings trương mục with direct deposit
      • Minimum regular income of $1,000 per month

LendYou is the best bad credit loan company for people looking for smaller payday loans from $100 to $2,500. 

Click Here to Learn More or to Apply for a Loan With LendYou

5) PersonalLoans: Bad Credit Lender with Competitive Interest Rates

personal loans

PersonalLoans is another digital marketplace for borrowers with lousy credit, offering personal loans, bank loans, and installment loans from a network of reputable online lenders. If you’ve applied for unsecured or secured loans in the past and weren’t approved, then PersonalLoans could provide a solution. The company features an extensive network of reputable lenders and other third-party loan companies, increasing your chances for approval.

Loan Amount: If you’re looking for a larger loan, then PersonalLoans may be a great place to start. Loan amounts range between $1,000 and $35,000, making this platform an excellent choice for borrowers with a poor credit history who need a large amount of money very quickly. Remember, you are under no obligation to accept any of your available offers after you apply.

APRs: As with most companies that offer loans for bad credit, the lenders that work with PersonalLoans offer interest rates in line with the industry standard for bad credit loans, between 5.99% and 35.99%.

Terms: One of the reasons so many borrowers choose PersonalLoans is because of the flexible repayment terms. The minimum repayment term is three months, with a maximum of 72 months.

Application Process: As with most online lending platforms, the application process is very quick and user-friendly. Expect to provide the usual information, like your social security number, income level, employment status, and your reasons for taking out a loan. The application itself is straightforward, and the site offers a personal touch with clear information and explanations about each step of the process.

Eligibility Requirements: While people with all credit scores and ratings are eligible to apply, don’t expect a high loan amount, exceptional terms, and a low APR unless you have good credit. PersonalLoans has a minimum credit score requirement of 600, and it requires applicants to earn a monthly income of $2,000 or more after taxes.

Click Here to Learn More or to Apply For A Loan With PersonalLoans

What Are Bad Credit Personal Loans?

Simply put, bad credit loans are a way for borrowers with a lousy credit score to get a financial fix through a personal loan (usually with short terms). Direct lenders and companies that feature an online lending marketplace can help you find an unsecured or secured loan through debt consolidation, a credit union, or even home equity.

Generally, applying for a loan with bad credit means you’ll pay higher interest rates. Depending on the loan company, your personal credit history, and your qualifications, you could end up paying 35.99% or above, in some cases. Personal loans for bad credit also include other short-term fixes, like payday loans or car-title loans, both of which usually have multiple fees, including a high origination fee.

The application process is straightforward. First, log online. Do some research, then choose a loan company. Of course, you’ll need to provide the usual information: social security number, income sources, employment, debt-to-income ratio, etc. Some companies offer a pre-qualification process that allows you to view your available loan rates without impacting your credit score, known as a soft credit check.

What Is Considered a Bad Credit Score?

According to the Consumer Financial Protection Bureau, a credit score is what determines a person’s creditworthiness. If you’re reading this article, the chances are that you have some negative items on your credit report. But, what constitutes a bad or risky credit score?

Each credit-scoring agency has a unique formula to calculate a person’s credit rating, which also varies depending on the credit bureau that pulls your score. Most scores fall between 300 and 850. The two most common scoring models are FICO® and VantageScore®, whereas the top three credit bureaus are Experian, Equifax, and TransUnion.

Most credit bureaus consider several factors when determining your credit score, including:

      • Existing debts
      • The types of debts you have (i.e., mortgage, car, student loans)
      • Total debt
      • Credit utilization ratio
      • Annual income
      • Frequency of late payments
      • Prior loan defaults
      • Prior bankruptcy claims
      • The length of your credit history
      • The length of time your accounts have been open

The differences in each model cause variations in what constitutes a bad score on a credit report. Read on as we break down precisely what scores FICO® and VantageScore® consider bad, average, and good.


      • Very bad credit score: 300-499
      • Bad credit score: 500-600
      • Fair credit score: 601-660
      • Good credit score: 661-780
      • Excellent credit score: 781-850


      • Bad credit: 579 and below
      • Fair credit: 580-669
      • Good credit: 670-739
      • Very good credit: 740-799
      • Exceptional credit: 800 and above

As you probably already know, people with bad credit often have trouble finding optimal terms and rates when applying for loans.

In fact, people with poor credit scores may even have to pay a fee just to open a low-limit credit card, also called a secured card. For example, you may have to pay a $225 collateral deposit to open a card with a $300 limit and sky-high annual fees and APRs.

How to Get Online Loans with Bad Credit

The process for bad credit borrowers to apply for personal loans is very simple, making it even more important to compare rates and research every option available to you. As long as you have a computer, internet access, and a few minutes of free time, you can apply for a personal loan from reputable online lenders or your financial institution of choice.

If you’re unsure where to start, the five companies we just reviewed have some of the best loans for bad credit borrowers, with a simple and speedy application process.

Online Personal Loan Application Process

Once you decide to apply, prepare yourself to spend a few minutes entering all of your personal information, including:

      • Proof of age
      • Address
      • Social security number
      • Current employment
      • Existing debt
      • Debt-to-income ratio
      • Contact information
      • Bank trương mục information (trương mục number and routing number)

Some personal loan lenders have a minimum credit score requirement for personal loans, so be sure to check the fine print to see if you’re eligible before you apply.

View Qualifying Loan Amounts, Terms, and Offers

After your loan proceeds to the next step, you’ll have to wait anywhere from a couple of minutes to a few days to find out your approval status. If you’re using a lending marketplace, you may receive several offers within minutes from a network of lending partners, all with different terms or rates.

Most online lending platforms have a no-obligation clause, which means you can view rates, loan amounts, and offers from many different companies. You don’t have to accept any of them if you’re not happy with the terms. However, if you’re applying directly to a lender and not using an online marketplace, you’ll only receive one offer.

Accept the Terms

After accepting the interest rate and repayment terms of your bad credit loan, you can expect to wait anywhere from one business day to a few weeks to receive your loan proceeds. After you get the money, then comes the rub: repayment.

Personal loans for people with bad credit (or good credit, for that matter) will have a fixed monthly payment you’ll be responsible for until the terms of your loan are complete. If you borrow money and then choose to pay off your loan early, be aware that many lenders (such as credit unions or payday lenders) have a prepayment penalty. That type of penalty charges a fee for ending your loan earlier than the original terms you agreed to during the approval process.

What Are Loans for Bad Credit Used For?

Many people with lower credit ratings who apply for personal loans use them for financial emergencies. However, most personal loans have terms that allow you to use the money for just about anything.

Some lenders may ask you upfront on the application about your plans for the loan proceeds, while others may not. Of course, some loans for bad credit borrowers are for specific purposes, like student loans or debt consolidation loans, which combine your existing debt into one easy, fixed monthly payment.

For example, some of the most common personal loan types include:

      • Credit union loans
      • Unsecured loans
      • Secured loans
      • Debt consolidation loans
      • Credit card debt loans
      • Mortgage or refinancing loans
      • Auto loans
      • Student loans
      • Short-term loans
      • Medical bill loans
      • Home improvement loans
      • Moving loans

Since most personal loans for bad credit applicants usually have elevated interest rates, many people use them as a short-term financial solution. Remember, your credit score will affect your loan terms and APR, which is why most personal loans for people with bad credit aren’t an effective long-term financial solution. Instead, most are ideal for borrowers with bad credit who only need a small amount of money for a short period.

While you may not find the excellent rates, high loan amounts, or terms you want, personal loans for bad credit borrowers are still a wonderful opportunity to build your credit score and learn better spending habits.

For example, if you take out a personal loan and put in the effort to make on-time monthly payments, you (and your credit report) will benefit from your improved financial decisions. So if you have a poor credit score but need some quick cash for a financial emergency, applying for an online personal loan for bad credit applicants can provide a great short-term solution.

How We Ranked the Best Personal Loans for Bad Credit

If you read through our five reviews on the best bad credit loans and how to apply for them, you’re probably curious about how we ranked these online lenders. For this review, we used six different criteria to compare each lender and platform. Making well-informed financial decisions is the first step toward learning better spending habits and budgeting practices.

1) Eligibility Requirements

The first criteria we looked at were each lender’s eligibility requirements. Many lenders have mandatory qualifications, like a minimum credit score, a specific debt-to-income ratio, and income requirements. Each lender uses different standards to determine whether you’re eligible to apply and the interest rates you qualify for under company terms.

2) Loan Amounts

We also looked closely at loan amounts when we compared these five companies. Most online lenders have minimum loan amounts of around $500 to $2000, with maximum amounts between $5,000 and $50,000. Of course, the loan amount, terms, and rate also depend on your credit report, overall financial history, and current debt load. 

3) Terms

After looking at loan amounts, we considered lending terms. Repayment terms vary greatly based on factors like the type of loan you’re applying for, your credit history, and the specific lender. For example, will you be applying for a secured loan or an unsecured loan? Each type has different terms and rates, even when you are asking for the same loan amount.

Some lenders specialize in short-term loans with quick durations, like two or three years, whereas others offer long-term personal loans, sometimes between five and seven years. Another critical aspect to consider is whether you’ll be subject to prepayment fees for paying off the loan early. Be sure to read through all the fine print carefully before you accept any terms.

4) Interest Rate

Personal loan interest rates determine how much extra money you’ll have to pay back during your repayment period, above and beyond the original principal you borrowed.

Bad credit borrowers often feel they have no choice but to accept the highest interest rate loans (25% and above), which in turn will increase your monthly payments. Unless you have a minimum credit history of Good (720 and above), you’re unlikely to find a personal loan with a single-digit APR.

5) Speed

When you find yourself in an unexpected financial emergency, time is usually of the essence when it comes to raising funds. That’s why we also considered the overall speed and timeliness of approval for the five online lenders we reviewed.

Upgrade has one of the quickest application and loan approval processes of the five lenders. However, you don’t always have to choose a direct lender. Instead, you can opt for an online lending marketplace to pre-qualify and view your available rates without affecting your credit score. While your loan amount and offers will vary from site to site, most lenders provide loan proceeds within one or two business days after approval.

6) Application Process

Online loan applications generally only take a few minutes and require basic information like your name, address, income, etc. We urge you to take the time to read through the fine print before you sign anything.

For example, some companies charge origination fees, which means you’ll have to pay an extra percentage of the loan (usually between 2% and 8%) just to file your application. You may see origination fees hidden under other names like “administration fees” or “appraisal fees,” but those are just fancy names for the same thing.

You may think it doesn’t seem like much, but even a 4% origination fee can add up to a lot, especially if you’re seeking a large loan amount. For example, on a $10,000 loan with a 4.75% origination fee, you would pay an extra $475!

How to Identify a Bad Credit Loan Scam

Unfortunately, this world is full of unscrupulous lenders willing to prey on the most desperate people to get their money, and bad credit personal loans are no exception to the rule. Always research and thoroughly vet your lender before handing over your personal information or banking information. Between identity theft and outright larceny, criminals have plenty of different ways they can use a fraudulent loan scam to steal from you.

However, you can be a vigilant consumer and lower your risk of being scammed by doing your homework on every one of the personal loan lenders you’re considering. In addition, watch out for these common warning signs that indicate a company may be trying to scam you:

      • Offers that are guaranteed approval without even a soft check of your credit
      • No online presence
      • A company name that’s very similar to another big lender
      • No registration or license in your state
      • Solicitations via phone or door-to-door
      • Requests to wire money or pay another person directly
      • Unsecure website (no HTTPS in the URL)
      • Lack of a physical office location
      • Loan offers that sound too good to be true, especially for people with a very poor credit score

If you notice any of those red flags, you might want to think twice before applying.

Can You Get a Bad Credit Loan Without a Credit Check?

Simply put? No, you can’t get loans with bad credit without at least having a soft credit check. Don’t get us wrong: You can apply for a no-credit-check installment loan, which doesn’t require a credit or financial review of any kind. Usually, the companies that offer these insanely high-interest and expensive loans are just as aggressive and predatory as a payday lender.

What Is a No-Credit-Check Installment Loan?

If you’re considering applying for a bad credit personal loan, you may want to think twice—or three times!—before accepting a no-credit-check installment loan. When we say “high” interest rates, what we really mean is astronomical. Some of these no-check lenders charge rates of 400% or more!

Instead of choosing this type of loan, consider alternative solutions. One option is to apply for a personal loan at a credit union, where you could find a loan amount from $500 and up. Since credit unions can only charge a maximum APR of 18%, this type of loan is an excellent choice for borrowers with a bad credit score. Another benefit of a credit union loan is that the approval process will include your entire credit history and other financial information instead of just your credit score. Everyone’s financial situation is different, it’s always best to speak to a financial advisor for professional advice on which option is the best for you.

Types of Loans for People with Poor Credit

When it comes to finding the best personal loan with bad credit, the first step is deciding which type of loan will best fit your financial needs. Let’s look at five of the most common types of loans for people with less-than-perfect credit and how they can help you get the money you need to build a better future.

Secured and Unsecured Personal Loans

Secured loans and unsecured loans are the two primary types of personal loans for people with a bad credit history. The main difference between the two is collateral. Secured loans usually have lower APRs and better terms than unsecured loans because they require collateral, such as your car, house, or other valuables. However, both loan types can feature extra charges, including origination fees or prepayment penalties.

Many people leverage secured loans to pay for a car, mortgage, or home equity loan. People with low credit scores and imperfect histories are more likely to qualify for a secured loan because most companies consider them lower-risk. Why? If you fail to meet the repayment terms, you risk losing your car, house, or whatever you put up as collateral against the loan.

Since unsecured loans don’t require any type of collateral, you’re more likely to get a higher interest rate and see maximum unsecured loan sizes on the smaller end of the scale. Remember, your terms will vary based on your overall creditworthiness and risk level. For example, some people with very low credit scores may not even qualify for a no-collateral loan.

Payday Loans

Frankly, most payday loans are simply not a good idea. However, if you’re trying to obtain a small personal loan without having to disclose your credit score, then a payday lender could provide the solution you need.

Essentially, the best loan companies provide speedy cash, but for a price—usually in the form of sky-high APRs (again, up to 400%!). As you may be able to tell by the name, most payday loans have terms that require you to pay back the loan amount in full when you get your next paycheck.

Cash Advance

Cash advances are only available for people with credit cards. First, you set up a credit card PIN, then you can take cash out at an ATM, depending on your available line of credit. Essentially, it’s like a small, short-term loan from your card issuer. However, buyer beware: Cash advances are subject to very high APRs and fees (which accrue instantly), with secured credit cards on the higher end of the fee scale.

HELOC (Home Equity Line of Credit)

HELOCs are similar to a home equity loan, which is essentially a secured loan using your home as collateral. HELOCs also use your house as collateral, but instead of getting a lump sum upfront, you’re allowed to borrow as much as you need (up to the approved credit limit) any time you find yourself stuck in a financial emergency.

HELOCs feature a variable interest rate and may be perfect for people who need small amounts of money from time to time. Like a standard home equity loan, you could lose your house if you don’t comply with the repayment terms. HELOCs require an extensive application process, including the appraisal of your house, in most cases.

Car Loans

Generally, you’ll find two different types of car loans for people with low credit ratings. One is a standard car loan for bad credit, and another is a car title loan.

Bad-credit auto loans usually have a higher interest rate, which means you could pay more money out-of-pocket. However, you can use this loan to build up your credit. Then look into refinancing for a lower rate in the future.

Car title loans are similar to payday loans. You’ll pay a very high APR, and you’ll have to hand over your car title to borrow money against for a short-term period, usually 30 days. Of course, you’ll almost always have to pay an origination fee to borrow the money in the first place. If you miss payments, you risk losing your vehicle.

Personal Loans vs. Payday Loans

The temptation of applying for short-term emergency loans can be too great to resist for some people, but they’re hands-down one of the most expensive personal loans. While you may experience difficulty qualifying for an unsecured personal loan, accepting a payday loan offer can be disastrous and put you in even more debt. With APRs in the hundreds and a high origination fee to boot, these loans usually feature outrageous terms, like a 400% APR on a meager $100 loan.

While personal loans have stricter eligibility requirements, they offer a much more affordable way to borrow money (without the sky-high APR). In addition, many credit unions offer payday alternative loans with a maximum rate of 28% and the option for a higher loan amount, too.

Can You Use Personal Loans for Debt Consolidation?

Yes, you can easily apply for a personal loan to consolidate debt. Though many people call them by the same name, a consolidation loan is just a personal loan that you use to pay off your debt. Instead of having multiple payments with different terms and APRs, a consolidation loan provides a way to merge all your debt into one easy monthly payment.

People usually consolidate their debt to take advantage of the numerous benefits, including:

      • Possible faster debt payoff
      • Lower APRs
      • One manageable monthly payment
      • Easier budgeting
      • Opportunity to build your credit
      • Reduction of your credit usage ratio

While consolidating all of your debt into one payment does provide benefits, as with most loans for people with poor credit, there are some tradeoffs and downsides.

For one, personal loans usually offer lower APRs, but the lower your credit score, the lower your chances of scoring a reasonable rate on a consolidation loan. Many companies also charge origination, late payment, and prepayment fees. Consolidating your debt can provide a handy solution, but it rarely addresses the problem in the first place, which is usually reckless spending or poor financial habits.

In fact, some people are better candidates than others when it comes to consolidation loans. As with most loans, the higher your credit, the better your chance of scoring good terms. You should consider researching a loan to consolidate your debt if:

      • You’re confident in your spending habits
      • You have a good or excellent credit history
      • Your debt consists of several high-interest credit cards or loans
      • You have difficulty managing multiple payments each month

Final Thoughts on Bad Credit Loans

If you’ve stuck with us to the end, then we hope that our review of the best bad credit loans gave you some valuable information. However, when it comes right down to it, the final decision is yours to make. If you don’t find yourself amenable to the terms of your loan offer, then don’t accept it.

Remember, personal loans may provide a short-term solution, but don’t kid yourself: You’re still taking on more debt. So no matter what kind of financial emergency you find yourself in, spend the time conducting quality research and rate comparisons, then consider every available option.

By doing so, you can find the best bad credit loans for your unique circumstances, giving you the tools to build better credit and lay the foundation for a stable financial future.

*This article is provided by an advertiser and not necessarily written by a financial advisor. Investors should do their own research on products and services and contact a  financial advisor before opening accounts or moving money. Individual results will vary. Foreign companies and investment opportunities may not provide the same safeguards as U.S. companies. Before engaging with a company, research the laws and the regulations around that service, and make certain the company is in compliance. For comprehensive guidance on U.S. investments and financial regulations, visit the Securities and Exchange Commission (SEC)’s