Best Bad Credit Loans Guaranteed Approval: Top 5 Loan Companies To Get Online Loans For Bad Credit In 2022

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Conventionally obtaining a loan can be a very time-consuming process. On top of that, people with less ideal credit scores often have difficulties getting a loan, as most lenders have minimum credit score requirements. Finding a reliable lending company and a trustworthy lender is also challenging, especially if you are applying for a loan for the first time.

Luckily, some companies work as a middleman between borrowers in need of funds and potential lenders, and we will review them in our article. Let’s dive into this topic and discuss the online providers of best bad credit loans with guaranteed approvals that can help you overcome financial challenges.

List Of Online Payday Lenders Offering Small Loans For Bad Credit

  1. MoneyMutual – Reliable Lending Platform for Bad Credit Loans, Editor’s Pick
  2. Bad Credit Loans – Specializes in Providing Short Term Loans for Bad Credit
  3. RadCred – Popular Intermediary for Online Installment Loans; Guaranteed Approval
  4. CashUSA – Well Known Company Offering Hardship Loans & Cash Advance
  5. Personal Loans – Wide Network of Lenders for Simple Fast Loans 

#1. MoneyMutual: Overall Best Loan Company for Extremely Bad Credit Loans

MoneyMutual is an online marketplace for borrowers needing loans and potential lenders. They aim to provide easy and convenient access to loans to help borrowers overcome financial struggles. The well-known company was founded in 2010 and since then has been one of the most reliable companies for obtaining loans in the US.

Although the platform is not a direct lender, it matches the applicants with more than 60 personal loan lenders who can give them a loan offer regardless of their credit score. To get a loan from MoneyMutual’s lenders, you need to fill out a quick application form and provide all the necessary personal and financial information.

Once your online application is complete, MoneyMutual reviews it and, if you are approved for a loan, sends your application to multiple lenders. Once you receive loan offers, it is necessary to read all terms and conditions to see if the loan is affordable for you. After the loan is finalized, you can expect the funds in a short period.

Who can apply for a loan?

As MoneyMutual wants to help those in need of funds to get a loan, the eligibility criteria they have are not strict. The company requires you to be at least 18 years old and a resident or permanent citizen of the US. Moreover, you need to have a regular stream of income and receive at least $800 per month. A valid checking trương mục opened in your name is also required for fund transfer.

Theislandnow reveals that even though MoneyMutual’s criteria are minimal, the lenders can have some additional requirements for providing a loan offer. This is because the lender wants to ensure that you will be able to repay the loan on monthly terms as it is discussed between them and you as an applicant.


MoneyMutual is a reliable company and a member of the Online Lenders Alliance. The platform uses encryption technology and a TrustedSite-certified site for protection. To apply for a loan, you will need to complete a quick and simple application form and after submitting itMoneyMutual gives you access to multiple professional lenders who provide loans for borrowers of $200 to $5,000.

The APR rates from MoneyMutual’s lenders are competitive and depend on the loan, and the same applies to the repayment terms. After you agree with a lender, you can receive the funds in just 24h.

Applicants with poor, fair, and good credit scores can get a loan offer from lenders. With MoneyMutual, the whole loan process is effortless and carried out online. The borrowers on MoneyMutual can also get access to payday loans and cash advances. MoneyMutual’s site is user-friendly, very informative, and transparent and the services of this loan company are free of cost, without any hidden fees.


  • One of the top-rated online bad credit loan companies 
  • Fast funds transfer and a fast application process
  • Encrypted site for sensitive data security and protection 
  • No fees or additional costs for using MoneyMutual’s services 
  • The company offers educational resources for the clients 


  • The services are not available for clients from NY and CT

⇒ Visit the Official Website of MoneyMutual

#2. Bad Credit Loans: Get Quick Loans for Bad Credit Score

Bad Credit Loans is a trustworthy online platform that has been in the business for years, providing easy access to lenders for those who need assistance to overcome financial struggles. The company helps the lenders by connecting them with their extended network, including state and tribal lenders.

Since Bad Credit Loans was established in 1998, the company has been successfully offering free-of-cost loan services for years and as a result, gained an incredible reputation.

Whether you need funds to consolidate debt, cover emergency expenses, make vital purchases, renovate your home, or get funds for vacation or medical expenses; you can apply for bad credit loans with guaranteed approvals from this financial institutions.

Even though Bad Credit Loans is not a direct lender, the company will match you with suitable lenders based on the personal and financial information that you provide during your application.

One advantage you can get from Bad Credit Loans is fast fund transfer, which is very beneficial if you need an emergency loan. The application for a bad credit loan is also quick and simple and will take you only a couple of minutes to finish.

Who can get a loan?

As the name of the company suggests, Bad Credit Loans provides loan offers for borrowers with poor credit scores. However, as a borrower, you need to have a regular monthly income and be a resident or permanent citizen of the US.

It is also necessary to be at least 18 years old and have a bank trương mục opened in your name. Also, for those who will not be able to get a loan offer, Bad Credit Loans may connect them with offers about credit-related services such as debt relief and credit repair.


Bad Credit Loans lenders provide loan funds from $500 to $35,000. The company’s services are free of cost and you are not obligated to use them. Bad Credit Loans features a wide network of lenders, including third-party lenders.

To obtain a loan from Bad Credit Loans lenders, you can easily apply online by completing an online form. This company also implements advanced encryption technology to protect borrowers’ data.

Bad Credit Loans services are available 24/7, meaning you can apply any time. The loan you get from the lenders is multipurpose and can be used for your needs. The APRs depend on the loan and the lender but mainly vary from 5.99% to 35.99%, whereas the loan products come with repayment terms from 90 days to 72 months.

Bad Credit Loans offers different types of loans and educational material on the user-friendly site, you can find guides on how to avoid scams. Bad Credit Loan’s site is user-friendly as well as very informative.


  • Flexible credit requirements and quick loan process
  • The funds may be transferred in just 24 hours after a loan agreement 
  • The company has excellent customer service available 24/7
  • Bad Credit Loans has a broad network of lenders 
  • The company implements security measures for data protection


  • If you’ve a poor credit score, you can only get a lower loan amount

⇒ Visit the Official Website of BadCreditLoans

#3. RadCred: Best Online Personal Loans Instant Approval

RadCred is a loan platform designed to help people with both good and bad credit scores. The company doesn’t give unsecured loans directly but works as an intermediary between borrowers and potential lenders. This is very significant as, typically, finding a reliable lender out of so many is not an easy task.

RadCred’s service is quick, convenient, and easy, meaning that you can apply easily online, access lenders and loan offers, and receive funds quickly.

This loan platform was founded in 1998 and has helped numerous clients find loan products to help them overcome financial difficulties. This company has received a lot of positive reviews from clients, and hence, RadCred has a stellar reputation in the loan industry. To get a loan from RadCred’s lenders, you need to fill out an easy application form within minutes.

Once you submit the personal and financial information, your data is then verified by the lenders, who decide whether they would like to offer you a loan. Then, after reading the terms and conditions with the utmost care, you can agree to a loan offer and wait for the funds to be transferred directly into the bank trương mục you have provided.

Who can get a loan?

RadCred has some basic requirements that you need to meet to be eligible for a loan. With that being said, as long as you meet such criteria, the chances of obtaining a loan from this platform’s lenders significantly improve.

To obtain a bad credit loan from RadCred, you need to meet the age limit and be at least 18 years old and living in the US. It is also required to have a regular and steady source of income, whether you are employed or receive unemployment benefits, disability benefits, funds from renting properties, or investment returns.

You will also need to provide all the necessary information and have a valid bank trương mục opened in your name.


RadCred is an Online Lenders Alliance member and a trusted company. It provides a quick application process that takes only a couple of minutes to complete. Once you submit your application form, you can expect a quick response from the company. On RadCred, the borrowers can receive an instant money transfer of up to $5,000.

Generally, after a loan agreement, the funds are transferred within 24 hours. RadCred has an encrypted site and uses industry-standard security measures to protect the data you provide.

RadCred’s team is divided into providing loan offers for different credit scores. That said, applicants with excellent credit scores can get up to $40,000. RadCred only works with experienced and reliable lenders. The site is very user-friendly, so you can find anything you need very easily. The loan process is enforced online, including providing all the necessary data.


  • Features an extensive network of respectable lenders
  • There is a special section for borrowers with poor credits 
  • RadCred’s services are fast and free of cost for all clients
  • The platform uses encryption technology to prevent cyber attacks 
  • Mainly the loan funds are transferred in just one business day 


  • Borrowers with less ideal credit scores can get only a small loan 

⇒ Visit the Official Website of RadCred

#4. CashUSA: Online Lenders for Financial Hardship Loan

CashUSA is an online matching company that is dedicated to providing loan offers for people living in the US who need financial assistance. The loan products such as bad credit loans with guaranteed approvals you can get can be used for a variety of purposes such as consolidating debt, making vital purchases, covering necessary expenses, etc.

CashUSA features a wide network of lenders who provide loan offers for applicants regardless of whether their credit score is excellent or not so ideal. Since the company was established in 2015, CashUSA has become one of the most trusted loan companies online.

The success of CashUSA’s services is mainly attributed to the company’s transparency and accountability, as well as the fast and convenient lending services it provides.

The application process on CashUSA is hassle-free and fast, as what you need to do is fill out a simple application form, submit it and wait for approval. After receiving your data, CashUSA will be able to connect you with suitable lenders who can give you a loan offer. Then, you can decide whether a loan offer works for you. If you agree, your funds may be transferred in just 24 hours.

Who can get a loan?

As a potential borrower, the requirements you need to meet to obtain a bad credit loan are few and simple. Such requirements require you to be at least 18 years old, be a US citizen or a permanent resident, and be employed for at least 90 days. Moreover, you will be asked to provide home and work phone numbers and a valid email address that you use. Additionally, you will need a valid checking trương mục to receive the funds from the lenders.


CashUSA is an online platform that works with an extended network of lenders. To get the financial support you need, you can easily fill out a free online form that takes only a few minutes to complete.

CashUSA has helped thousands of customers find the loan they need. To protect the information you provide, CashUSA uses encryption technology and implements other security measures. On CashUSA, borrowers can get loan products from lenders from $500 to $10,000.

The APR rates the lenders offer range from 5.99% to 35.99%. On the same note, depending on the loan, the loan durations range from 90 days to 72 months. CashUSA’s matching service is free of cost, but the lenders might give you fees. The online company also enables you to review offers before accepting any of them.

The platform’s site is easy to navigate and very informative andCashUSA also provides educational resources on many financial topics. Another great thing about CashUSA is that it has strict rules for lenders who want to be in its network.


  • CashUSA implements security measures for data protection
  • The company offers a fast, simple loan process and access to various lenders
  • You can receive the funds in just 24 hours after a loan agreement is reached
  • Clients with less ideal credit scores can also get a loan from the lenders
  • CashUSA has an informative website and provides educational resources


  • You are required to provide a lot of information during the application process 

⇒ Visit the Official Website of CashUSA

#5. Personal Loans: High Interest Loans for Bad Credit Score

Personal Loan is one of the few companies with two separate network lenders. This means that they work with lending partners that specifically cater to the applicants who have less ideal credit scores. The platform is dedicated to providing an easy and convenient way of obtaining a loan from the customers as well as safe, fast funds transfer.

What made Personal Loans stand out from so many other online lending services for us was the company’s transparency. On the site, you can find all the details regarding each type of loan the lenders provide, how to apply and get a loan, the services this loan platform offers, and many other valuable resources.

Personal Loans also save you time and effort when applying for a loan, as it provides a simple application form you need to complete. During application, you are required to provide all the necessary information and wait for approval from Personal Loans. The company then matches you with suitable lenders, and if you find an offer that works well for you, you can expect the funds in just a short time.

Who can get a loan?

Personal Loans work with lenders who provide loan offers to borrowers with good and bad credit scores. Hence, the company doesn’t have very strict criteria that you need to meet to be approved for a loan. Potential applicants need to meet the criteria to be at least 18 years old and residents or permanent citizens of the US.

Moreover, you need to have a valid Social Security number and receive a regular monthly income. As an applicant, you also must not have bankruptcies, a credit history of late payments, and an enormous debt that cannot be covered with your income.


Personal Loans provides loan products from $500 to $35,000 for the borrowers. Once you apply, you can be approved by Personal Loans in a matter of minutes. After applying, the company matches you with multiple potential lenders. Personal Loan’s matching services are free of cost and additional fees.

If you are approved for a loan and you accept the offer, you may get the funds in just 24h. The loans that you obtain from Personal Loans lenders can be used for different financial challenges you face.

The lender’s APR rates for loans can vary from 5.99% to 35.99%. and the loans carry repayment terms from 90 days up to 72 months. If you don’t get a loan, Personal Loan connects you with an extended network of lenders.

On top of that, those borrowers with very poor credit ratings get offered credit-repair services. Personal Loan’s site is informative and easy to navigate. Moreover, the company protects your data using advanced data encryption technology for security.


  • Quick and easy access to multiple reliable lenders
  • You can request a bad credit loan any time of the day
  • The loans come at competitive rates and reasonable terms
  • Your sensitive data is protected with encryption technology
  • The platform allows you to compare offers before making a decision


  • Personal Loan’s services are not available in all states in the US

⇒ Visit the Official Website of Personal Loans

How Did We Select These Financial Institutions of Quick Loans for Bad Credit?

There are plenty of bad credit loan providers, as, unfortunately, many people are struggling to cover necessary expenses and are looking for financial assistance. With this in mind, you might be wondering how we managed to create our list of top 5 loan matching companies.

Here are the vital criteria we considered during the selection process:

  • Minimal Eligibility Requirements – Lenders generally look at so many variables when they are considering whether to give the applicant a loan. Therefore, we wanted to determine what factors the lenders consider when approving an applicant and selected those loan companies that have minimal eligibility requirements. 
  • Quick Transfer of Funds – When in need of a loan, the last thing you probably want is to wait for days to obtain it, especially if you need emergency funds. Hence, we made sure to include loan platforms that enable quick funding, mainly in just 24 hours of approval.
  • Application Process – The application process for a loan is often a lengthy process and requires you to travel to the office to submit your paperwork. However, the matching loan companies we chose don’t require a lengthy application process. Instead, they require you to fill out a quick and simple application process online to apply for a loan.

Other requirements we considered:

  • Security Measures – When you are applying for a loan online, you are required to provide personal, financial information, and other essential data. Therefore, it is very important to apply on a secure platform. During our selection process, we looked at loan companies that use encryption technology and implement additional security measures to protect their client’s sensitive data. 
  • Reviews from Borrowers – After thorough research, we read numerous reviews from borrowers to get insights into the company’s services. By doing so, we were able to determine which loan platforms are highly rated and provide services as advertised. Additionally, we looked at the company’s reputation to select the most reliable ones.

Important Factors to Consider When Looking for Bad Credit Loans Online

Before you agree with a lender regarding a bad credit loan, it is advised to compare loan offers if possible and weigh out your options. Also, there are plenty of online loan companies and lenders you can contact, but finding reliable ones is not an easy task, especially if you are applying for a loan for the first time.

Given the fact there are many scams in terms of online secured loans, we present you with some factors you can consider to stay safe and find the best option for you.

Lender’s reputation

There are many online lenders that you can contact to request no credit check loans with guaranteed approvals. However, not all companies and lenders are reliable, and some can be scammers.

With this in mind, before you accept any loan offer, we suggest checking the lending company’s reputation and discovering whether the company has been in trouble with the law. We also recommend checking whether the lender you connect with is licensed to operate in your state to determine if they are legitimate.

Eligibility criteria

As you are applying for a secured loan with a less ideal credit score, it is necessary to check the eligibility criteria the loan companies have before applying for a loan. Hence, it is advised to look for online loan platforms with minimum eligibility criteria working with lenders who consider other factors instead of credit scores.

By doing so, you will find out which loan companies are suitable for you and save time applying for a loan where you are less likely to be approved for one.

Loan terms and conditions

Once you get matched with a reliable lender, before agreeing with a lender, it is necessary to read all the loan terms and conditions with utmost care. The reason for this is to find out the total cost of the loan, the monthly payments you will need to make, the fees that the lender has, and others.

It is also vital to get familiar with the interest rate and the APRs you will get with the loan to avoid spending much more than you have intended and ensure the loan is affordable.

Loan amount 

The loan companies provide small and large loan products, depending on what their clients need and their financial situation. However, before you pick an online lender, you must determine how much money you need to cover the necessary expenses.

That said, we suggest getting the loan that you need. This is because if you get a larger loan, you may pay higher interest rates and repay the loan for a long time which can get you into even bigger debt.

Moreover, it is essential to compare your debt to income ratio and ensure that you can make monthly payments on time and avoid penalties.

Fast fund transfer

When you have bad credit and are dealing with financial difficulties, waiting to get approved and receive the funds can be stressful and disappointing. That said, we suggest selecting a loan company that provides a fast application and approval process and a fast and safe transfer of funds.

The loan platforms we have reviewed in this article allow you to apply for a loan by completing a short online form and getting approved minutes after applying. Also, once you agree with a lender, they can transfer the funds into your trương mục in just one business day.

Security measures

When applying for a loan online, you are required to provide contact and personal and financial information. For this reason, we recommend selecting a loan company that has a privacy policy and implements security measures to protect the client’s data.

Among the security measures to look for is an advanced encryption technology that prevents hackers from accessing and misusing sensitive data.

Repayment terms and penalties

The repayment terms depend on the loan amount, but they need to be flexible so that you have enough time to repay your loan in monthly payments. Otherwise, if you don’t manage to make payments on time, the lender may charge you with penalties and additional fees, which will add to the loan amount that you need to repay.

For this reason, getting familiar with all loan terms and conditions before making any agreement is advised to avoid paying more than you intended and getting into a bigger debt before.

Client reviews

Another significant factor to consider when looking for a bad credit loan is the reviews from other borrowers. By reading as many reviews from clients as you can, you will get insights into each loan service and determine which of them are advertised.

The reviews from others can also inform you which loan lenders are reliable and guide you to make a better decision for your financial needs.

FAQs About Same Day Personal Loans for Bad Credit

Q1. Is there a possibility of getting a bad credit loan if you are unemployed?

It can be a very difficult process to get a loan if you are not employed, but it is not impossible. This is because many lenders who specialize in providing loan offers for lenders with bad credit scores often take into trương mục other sources of income.

Such sources include social security and disability payments, funds from investments, funds from renting, and others. However, this type of loan can come with high-interest rates, so it is advised to read all loan terms and conditions and ensure the loan is affordable for you before making any decision.

Q2. What are the types of online bad credit loans with guaranteed approvals you can get if you need money now?

Unfortunately, a significant percentage of Americans are dealing with financial hardships and have bad credit scores according to the FICO scale. With this type of credit rating, it is difficult to access loans from traditional lenders, so many people are opting for alternative financing sources such as loan matching companies.

If this is also the case for you, then you are probably wondering what types of loans for bad credit you can get. Among the most common types are unsecured personal loans, debt consolidation loans, which don’t require collateral. These types of loans are repaid in monthly installments, but they often come with higher interest rates and fees.

In addition, another type of bad credit loan is a secured bad credit personal loan which requires you to provide one of your assets as collateral to back it up. This type of loan is repaid in the same way, but it is essential to be mindful that if you don’t manage to make payments on time, the lender can seize your asset and re-sell it to get the money they invested.

Moreover, you can get a payday loan, a short-term loan typically in a small amount that can help you get financial assistance until your next payday.

Q3. How do you avoid scams when applying for bad credit loans with guaranteed approvals?

Sadly, borrowers with poor credit scores are often vulnerable to loan scams. Therefore, if you are applying for a loan with a less ideal credit score, it is necessary to recognize some red flags to avoid getting scammed when dealing with financial hardships.

Hence, we recommend avoiding loan companies with little to no online presence and recently been in trouble with the law for scams. Additionally, it is advisable to refrain from getting a loan from lenders who are not licensed to operate in your state and companies which have no registration.

If a lender requests you to provide funds or financial information before you read loan terms and conditions and make an agreement, it can be a sign that the lender does not have the best intentions. Furthermore, lenders who give door-to-door solicitations and make phone calls to advertise their services can also be fraudulent.

Q4. Why is a credit score important when you are applying for a loan?

Your credit score is a representation of your payment history and also represents your trustworthiness as a borrower. For this reason, obtaining a loan with a better credit score is much easier, and the loans come with lower interest rates and better loan terms.

Still, there are online loan companies that connect you with professional lenders who can give you a loan offer with reasonable loan terms regardless if your credit score is excellent or poor.

Having said that, if you would like to improve your credit score to showcase financial stability, there are some steps you can take to do so more quickly and efficiently. Even though the improvement of your credit score cannot happen overnight, by making on-time and regular payments regarding debts and bills, you can move in the right direction successfully.

Additional details

It is also vital to check your credit score regularly to determine if you are making any mistakes. What is also important regarding improving your credit score is to avoid getting into situations in which your credit score is investigated.

Those with very bad credit scores can also get assistance from getting credit-related services such as debt relief and credit repair. We also suggest contacting a financial advisor to get a professional perspective on how to increase your credit rating in a short period.

Q5. What are the main advantages of bad credit loans?

One of the most significant advantages of loans for bad credit is that when you apply for a loan, the lenders don’t look at your credit score but consider other factors for approval. Also, some lenders credit report your payment activity to the credit bureaus in your state, and if you manage to make payments on time, that can positively impact your credit score and improve it.

Another benefit of bad credit loans is that you can request a larger amount of money even if your credit score is not ideal. Such loans can be used for various purposes, and they mainly come with flexible repayment terms.

Additionally, when you apply for a bad credit loan from a reliable company, you can receive the funds very quickly, typically in just one business day, which is significant if you need funds to cover emergency expenses.

These types of loans can help you when you are dealing with financial difficulties and don’t have any savings. They can give you financial assistance whether you need to consolidate debt, make necessary purchases, pay your bills, cover emergency or medical expenses, and many more.

Final Thoughts: How Can I Get a Loan with Bad Credit?

Obtaining a loan is not easy, especially if you have a bad credit score. However, it is not impossible as online loan companies specialize in providing loan offers for clients with less stellar credit scores.

Still, with so many online lenders, it is necessary to make the right decision and request a loan from a reputable company that works with a vast network of lenders.

Before accepting a loan offer, get familiar with all loan terms and conditions and ensure the company implements security measures to protect your data. Even though the loan platforms on our site are not direct lenders, based on the information you apply during your application, they match you with potential lenders.

Now that you are even more familiar with obtaining this type of loan, we suggest checking all of the loan platforms we have reviewed to find the one that can help you quickly and efficiently overcome financial struggles.