Bad Credit Loans Online | Personal Loans | CASH 1

Factors To Consider When Applying For a Bad Credit Loan

There isn’t a one-size-fits-all loan provider for everyone. Below are a few factors to determine when applying for a bad credit loan:


Just like every other loan, the requirements of a bad credit loan vary from lender to lender and state to state. If you choose CASH 1, our minimal loan requirements will help you quickly get approved for a loan.

Interest Rates

Also known as the cost of the loan, APRs play a crucial role in choosing a loan, especially when you have a low credit score. You can refer to our Rates & Terms page to get state-wise information on different loans that we provide.

Repayment Terms

Longer repayment terms mean lower monthly payments, and shorter repayment terms could probably mean larger monthly payments that can quickly help you get out of debt. In other words, a flexible repayment plan can help you customize your loan based on your budget.

Type of Lender

Not all lenders are willing to provide personal loans to people with bad credit. Going to a bank with a bad score may not even help you. Fortunately, some online direct lenders offer loans at reasonable terms to those with bad credit or no credit.

Loan Amounts

Keeping in mind your short-term and long-term cash needs, CASH 1 offers bad credit loans up to $5,000 without collateral and up to $50,000 using your vehicle title as collateral. These loan amounts help you borrow precisely how much you need.


You may have to pay fees while borrowing, called origination fees, and while settling your loan early, which are prepayment penalties. To avoid unwelcome surprises, always check if your lender charges such fees before signing the loan agreement.

Time To Receive Loan

It’s essential to know how and when your loan will be disbursed. Bad credit loans online can be a good option when you need cash in an emergency. You can apply, get approved, and get cash online on the same day.

Allows Co-Signer

Usually, a co-signer having a relatively good credit score or income could improve your chances of getting approved for a loan. If a lender gives you an option, you can use a co-signer to qualify for a loan even when you have a bad credit score.