Best Bad Credit Loans Guaranteed Approvals 2022: Get Personal Loans For Bad Credit At Best Installment Terms

Trying to get financial help when you have a bad credit score is a nightmare, especially with traditional lenders who work with strict regulations. With them, there is no chance in hell you will get approved for a loan while having a bad credit history.

Thankfully, we have online lending platforms that came to the rescue. These sites are known to offer an easy and fast way of getting the financial help you need without creating a fuss about your credit history.

As we get deeper into this article, these platforms work by linking borrowers with lenders. To them, the most important aspect is for you, the borrower, to meet their qualification requirements.

We compiled a list of the 5 best bad credit loan companies today for this article. We assure you these companies are legit.

Top 5 Best Bad Credit Loan Companies For Instant Cash Advance Approval:

  1. MoneyMutual – Overall Best Bad Credit Loans On The Market, Editor’s Pick
  2. BadCreditLoans – Popular Bad Credit Cash Loans Service For Low Credit Score Holder
  3. RadCred – Top Online Payday Lender With Secured Same day Loans
  4. CashUSA – Reliable Fast Cash Loans Lending Companies At Best Interest Rates
  5. FundsJoy – Best Personal Loans For Bad Credit & Installment Loans

Here are the detailed reviews of our top picks:

#1. Money MutualOverall Best Bad Credit Loans On The Market, Editor’s Pick


Money Mutual is an online lender network that connects people with funds (lenders) who need loans. Best suited for people with bad credit loans who need cash advances or short-term loans without additional fees and expenses.

Suppose you have been denied financial help from other financial institutions, perhaps because of bad credit scores. Money Mutual might just be the right place for you. You can get approved for a loan within a few hours without them needing any collateral requirements.

Applying for a loan through this network is quite easy. The first step is to fill out a loan application form. Since this site only works as a middleman, you will not have immediate access to lenders.

Instead, they send your application to the different lenders in their network. You will then be matched and reached out to by lenders who will offer terms that are best suited for your specific needs.


The Company has over 10 years of experience offering money lending services to its customers. They have built a good reputation for themselves and have successfully helped over 2 million customers.

  • Safe and Secure

Most customers are reluctant to share their personal information on online websites. However, with Money Mutual, this should not be a cause for concern. Their site offers the best privacy and security policies.

You can rest assured your information is safe since the website is protected using the 256-bit Norton encryption.

  • Requirements

Applying for a loan on this network is completely free. However, there are a few qualifications you need to pass to fill out the loan application form.

They include:

  • Be at least 18 years old
  • Must be a U.S. citizen and permanent resident
  • Make a monthly income of about $800 per month that you can verify
  • They would need your employer’s identity and phone number
  • Have an active checking account
  • Social security number

Once you make your application, everything else is straightforward. You will have access to interested lenders within a few minutes.

  • Interest Rates and Annual Percentage Rates (APRs)

Money Mutual is a free-to-use lending network. Customers pay nothing to submit their loan applications on this site.

However, interest rates and APR are offered by the different lenders when the loan is approved. Each offer differs based on several considerations such as the loan amount, the lender, the borrower’s situation, etc.

  • Types of Loans Available

With the current state of the economy, it is common for one to struggle financially and seek out help. Unfortunately, the bank is not always helpful, especially in emergencies. In such situations, money-lending networks come in handy.

For Money Mutual, you can easily get a loan to help out with:

  • Cash Advances
  • Installment Loans
  • Bad Credit Loans
  • Payday loans; ideal for helping to pay for groceries, gas, and other essentials, special occasions like holidays, weddings, or travel, unexpected bills or other payments, car repairs.


Money Mutual has an easy-to-use, informational website. Clients can find anything they need to know about their services on their website. In addition, they have dedicated sections for Instructional resources, educational resources, customer reviews, FAQs, and complaints.

⇒ Visit the Official Website of Money Mutual


  • Carters to people with bad credit scores
  • Easy to follow the loan application process
  • Have access to over 70 loan lenders in their network
  • Highly secure platform: hence, you can be sure your information is safe
  • No additional costs: they do not have application fees which is a big advantage for people with bad credit scores.
  • You can get funds quickly. Within 24 hours of application


  • Not available in all states
  • No upfront information about interest rates. You have to connect with a lender to get this information.
  • Unclear screening process.
  • Once you connect with a lender, Money Mutual is no longer involved and does not offer any help if anything crops up.

#2. Bad Credit Loans Popular Bad Credit Cash Loans Service For Low Credit Score Holder


BadCreditLoans should be your go-to financial assistant whenever you are in a financial emergency. This Company is one of the oldest lending service providers in the business, established in 1999, and has an impeccable reputation.

They offer loan services to anyone who urgently needs money but does not meet the threshold for a typical loan. That is people without a steady source of income or those with a poor credit score.


Bad Credit Loans is not a lender. Their only role is to link their customers to loan lenders who might offer them favorable terms. Therefore, one of the greatest advantages of doing business with Bad Credit Loans is that you are not obligated to accept any of the offers you are presented with. Also, they offer their services for free to all clients.

  • Safe and Secure

The Company recognizes and respects the need for privacy for the information provided by its clients. Their website is protected from invasion by third parties; hence clients can be sure their information is safe.

Bad Credit Loans uphold high levels of confidentiality; hence the information they receive is used only for the stipulated purpose.

  • Loan Requirements

Loan application with this Company is quite easy. You only need to meet a few requirements to qualify for a loan.

They include:

  • Provide proof of citizenship, such as a Social Security number or legal residency.
  • Be at least 18 years old
  • Have a regular source of income
  • Have a valid checking account
  • Provide work and home telephone numbers.
  • Have a valid email address and phone number
  • Annual Percentage Rates (APR) and Interest Rates

Applying for a loan with BadCreditLoans is completely free. However, each lender has its terms and fees, which all differ depending on several factors. Clients can review these terms before accepting an offer and are under no obligation to accept the offers provided.

  • Transparency

Lenders under Bad Credit Loans strictly follow the Truth in Lending Act as stipulated by federal laws. Hence clients can rest assured they will not be overcharged for loans approved. Furthermore, clients can review possible fees, applicable interest rates, and other crucial information regarding their loan with such regulations.

Unlike other similar companies, Bad Credit Loans ensure their clients get every detail of their loan documented for accountability purposes. A detailed document allows clients to make well-informed decisions before accepting a loan offer.

⇒ Visit the Official Website of Bad Credit Loans

  • Type of Loans Offered

BadCreditLoans are a reliable lending service that can connect you with a lender for any type of loan you might need. Regardless of your credit ratings.

Some of the loans you can easily get financial assistance for include:

  • Personal loans
  • Credit cards
  • Business loans
  • Student loans
  • Auto loans
  • Home loans
  • Mortgages


  • Offer loans of up to $10,000
  • Simple application and quick funding
  • Get your money as soon as next the business day
  • Accepts borrowers with bad credit
  • Excellent customer support


  • May attract higher APRs depending on the lender
  • The Company is not Better Business Bureau (BBB) accredited

#3. RadCredTop Online Payday Lender With Secured Same day Loans


Now on the list is RadCred, yet another old money lending network available on the market. RadCred is a company that seeks to connect consumers with poor credit scores to their direct network of lenders. Such networking works best for borrowers looking for small personal loans.

With their years of experience, it is no doubt that they are among the best. RadCred have been identified to provide users with the most affordable, reasonable, and reliable loan terms compared to similar companies.

In addition, their policies have made them a preferred choice among many and have over the years been successful at servicing over a million customers with bad credit scores.


There are a lot of positive comments about the RadCred Company. Many of their previous clients praise the Company for its fast and easy application process and quick approval.

There is no doubt that this Company offers the best solution to people who want to get bad credit loans with approvals to cater to upcoming issues.

  • Privacy and Security

When applying for a loan, clients are often required to provide a lot of personal information, posing a security threat since these transactions happen online. However, RadCred has taken the extra step to ensure their clients’ information is secure.

TRUSTe has tested and verified its website, a company well-known for its safety and security services. They also have received online safety and security certification from site protection companies such as McAfee SECURE.

Clients should therefore feel secure while surfing through their easy-to-use website.

  • Interest Rates and Annual Percentage Rates (APR)

There is no way for borrowers to know the terms and conditions beforehand. Instead, they have to make the application to connect with lenders, who will then give them all the nitty-gritty details of the loan terms. The information included covers, interest rates, fees and penalties, repayment schedule, etc.

Please note that you, the borrower, are not under any obligation to accept a loan offer from any lender if you are not comfortable with it. Avoid acting impulsively; always read through all the loan terms before agreeing on anything.

  • Transparency

At RadCred, you will easily get all the information you need from their easy-to-use website interface. Similarly, they have a great customer service team that is always ready to provide clients with their deserved guidance.

Lastly, since the Company is not responsible for providing loans, they always make sure to vet their lenders. At RadCred, you will only find they work with the best lenders who provide the most reliable and reasonable loan terms and conditions.

  • Requirements

Eligibility requirements for all the companies listed above are no different from each other, and so are RadCred The application process will require you to provide certain personal information.

On top of that, you will be required to meet the following criteria to get approval for a loan:

  • Must be a U.S. citizen and permanent resident and have documentation to prove
  • They would need your employer’s identity and phone number
  • Have an active checking account
  • Provide an active email address
  • Must be at least 18 years of age


  • Offer Loans of up to $5,000
  • Application and approval process is fast and easy
  • Once your loan is approved, you get the cash deposited directly into your account.
  • They offer financial help to people with bad credit score
  • Have maintained an A+ rating from the Better Business Bureau (BBB)
  • Has been in operation for over a decade and has served thousands of customers.


  • Interest rates vary depending on the lender

#4. CashUSAReliable Fast Cash Loans Lending Companies At Best Interest Rates


CashUSA is among the leading and reliable loan lending companies in the market. They are an online lending network that connects loan borrowers with reliable lenders. In addition, the Company offers guaranteed loan approvals even to people with bad credit loans.

Therefore, if you need financial assistance but are afraid of where to search because of your bad credit scores, CashUSA is your best option. Their application process is free, easy, straightforward, and hassle-free.

With CashUSA, once you link with a lender and agree on the terms, you will receive the funds in your account in 24 hours or less.


CashUSA is not any different from other similar lending networks on the market. Applying for a loan will require you to fill out a loan application form. The Company will then submit your application form to several lenders within their network.

If a lender sees you as a good fit, they will contact you with their proposal, terms, and fees. However, you are under no obligation to accept any loan offers. Therefore, take your time to make sure you make the right decision.

⇒ Visit the Official Website of CashUSA

  • Qualification Requirements

Qualifying for a loan with CashUSA requires you to meet certain criteria.

They include:

  • Be at least 18 years old
  • Be a U.S. citizen or permanent resident
  • Earning a steady income of at least $1,000 after taxes
  • Have an active checking account in your name
  • Have a working home and work phone numbers and an email address
  • Safety and Security

All data submitted to CashUSA’s site are well protected. Their website is secured using the most advanced encryption technology, which only allows access to authorized personnel.

In addition, their systems go through regular checks to ensure there are no security breaches. As a result, clients can rest assured their private information is secured.

  • Simple Application Process

Unlike traditional borrowing and lending, which involve long and tedious processes, CashUSA offers a modern solution to these services, ensuring clients get the financial help they need in a fast and easy process.

To apply for a loan with the Company, you first need to meet the basic requirements. Then, you can fill out your details in the easy, step-by-step application form. Normally, borrowers can receive funds to their account within a few hours or 1 business day.

  • Payment Flexibility

Making repayment plans for CashUSA is quite easy and flexible. This feature gives them a great advantage over their competitors.

The first available option is to set up an auto-payment plan. This repayment plan allows the Company to take charge of the payment by taking out a specific amount of money from the user’s bank account every month. The advantage of this option is you will never get late or default on payment.

The second option is to make the payments manually or online. Again, this helps the client work with what is convenient for them.

  • Annual Percentage Rates and Interest Rates

Since they are not a direct lender, CashUSA does not specify the total APR for its platform. Neither do they have set interest rates. These depend on the specific lender, and the rates are influenced by the information you supply.


  • One can get a loan of $500 to $10,000
  • Receive a loan decision in minutes
  • Get funds directly to your bank account within a few hours
  • Use the loan for any purpose
  • All-online process
  • Large lender network


  • No direct loans
  • Limited loan amount
  • No co-funding options

#5. FundsJoyBest Personal Loans For Bad Credit & Installment Loans


FundsJoy is a financial lending network seeking a fast, convenient, and easy solution for anyone seeking financial help. Therefore, even if you have a bad credit loan, you might be able to get a bad credit loan with guaranteed approval from this Company.

However, it is important to note that FundsJoy does not offer loans to clients; instead, they work by linking borrowers with potential lenders. Therefore, regardless of your reason for needing a loan, the Company will have you covered.


If you are among the many people in need of a fast, easy and convenient way to secure a loan, you need to check out FundsJoy. This Company is another good, bad credit loan provider with guaranteed approval.

In their time in business, they have helped thousands of people with bad credit get loan approvals. Hence why they come highly recommended.

Common types of loans they offer include debt consolidation, fast cash, and personal loans for bad credit.

  • Privacy and Security

The FundsJoy website is equipped with state-of-the-art security and privacy settings. The privacy settings ensure that only authorized personnel can access the information. Hence, clients should rest assured their personal and financial information is kept safe from online hackers.

  • Requirements

In addition to the many personal information you need to provide, you will still be required to check out certain eligibility criteria set by the Company to qualify for a loan.

They include:

  • Be at least 18 years or older
  • Must be a permanent or legal resident of the U.S. and have documentation to prove, e.g., social security number
  • Have an active checking account in your name
  • Provide a working home and work phone number
  • Have a steady source of income and can provide proof of the same
  • Safety and Transparency

FundsJoy has been in operation for over a decade, and never at one time have they ever had a scandal on their hands. The Company is a legit lending network platform that offers a safe transaction opportunity for clients, lenders, and borrowers.

  • Interest Rates and Annual Percentage Rates (APR)

Rates applicable depends on several factors, such as the type of loan, the information provided, and the lender, among many other factors.

However, even when the rates differ, the Company has set its range for rates as 5. 99% minimum and 35.99% maximum.

Also, late payment fees and penalties vary from one lender to another. Therefore, it is advisable for you to extensively read through the loan requirements of each lender that presents an offer before making a decision.

⇒ Visit the Official Website of FundsJoy


  • The application process is quick and easy
  • Offer loans of up to $30,000
  • Ideal for short-term loans
  • Straightforward and flexible repayment schedules
  • No fees are required to apply for loans
  • No collateral required
  • Offers loans by different lender types


  • They are not a direct lender
  • Some lenders require bi-monthly repayments

How We Made The List Of Best Loans For Bad Credit:

Getting a loan, especially when you have a bad credit score, is more complicated than getting a bad credit loan while having a good credit history. With bad credit scores, there are a lot of risks involved to the lender; hence few are willing to take the risk.

Traditional instant payday loan lending sources such as banks will rarely offer loan opportunities to people with bad credit scores. For those that do, they often have strict terms and conditions.

After looking into several financial lending companies, we finally came up with our list of the 5 best bad credit loan platforms that serve a wide range of clientele. However, the different financial institutions offer almost similar loan lending services.

There is some aspect of disparity to be noted on careful evaluation with each one of them. These unique differences in the companies should influence your final decision about the borrower.

To come up with the list of our top 3 picks, here is what we looked for in each of these financial institutions:

  • The Reputation of The Company

A brand’s reputation is the most important thing they have—especially when dealing with a sensitive area such as finances. The best companies have years of experience and have established a good rapport with their clients.

Not only does a good rapport help to build trust with clients, but it also helps to attract loyal clients. In addition, this strong relationship enables the Company to continue being dedicated to serving its clients better.

  • Interest Rates

The current interest rates range from about 5.99% to 35.99%. The rates could be higher or lower depending on your credit scores.

Interest rates to be charged might vary with several factors, such as:

• Your credit score

If your credit scores are bad, you might pay more than someone with a good credit score.

• Your lender

Interest rates differ from one lender to another. Lenders often set up their rates depending on the loan amount, payment schedule, the information you provided, etc.

  • Collateral Requirement

There are two types of loans you can secure with lenders:

Secured loans: Secured loans are meant to reduce the risk for the lender if the borrower cannot pay the debt on time or entirely defaults on payment. The advantage of taking a secured loan is that it attracts a low-interest rate and gets approved quickly.

Unsecured Loans: no collateral is required for this type of loan. However, since the risk associated is higher. The lender will often charge a high-interest rate and might be more stringent on approval requirements. Also, the loan limit might be lesser than with secured loans.

  • Loan Maximums

Bad credit scores are often best suited for people who need short-term loans. Short-term loans often involve less money, meaning most of these loan limits are lesser than what one might prefer. Therefore, we considered those companies that offer a fairly good amount of loans for our list.

Factors To Consider When Taking Best Bad Credit Loans With Guaranteed Approval:

Sometimes, taking an installment loan could have more financial circumstances than you imagined. A loan could affect your financial status for several months, even years, if not careful.

Therefore, you need to exercise caution when accepting loans. Consider your decision carefully and weigh all your options.

Here are a few tips to help you get started seeking financial help.

  • Make Sure You Need the Money

Getting an online loan has become a walk-in-the-park kind of affair. The ease of approval has tempted many people, and several have fallen prey to taking loans that they did not need in the first place.

A good piece of advice to you would be to wait. If you can postpone purchasing when you have enough cash, do so. Loans are only a good idea if you take the money to cater to an emergency.

Also, you need to determine how much money you need for your intended purpose. For example, it might be best to take small loans because they take a shorter time to be approved, and they attract a small interest rate instead of large loan amounts.

  • Exhaust Your Alternatives

Taking loans from online lenders can sometimes attract high-interest rates that are unnecessary. Therefore, before applying for a loan online, consider asking for cash from friends and family.

These types of loans rarely have interest rates. It is also safer and more secure to borrow from friends or family because friends and family will offer a flexible payment schedule, unlike other loaning platforms.

  • Research and Try to Get the Best Loan Available

Ideally, when you apply for bad credit car loans, and your application gets submitted to lenders, you will likely receive several offers at a go. Unfortunately, the many offers can be a bit overwhelming.

However, you need to know that you are under no obligation to make a fast decision, nor should you feel obliged to accept an offer you are uncomfortable with.

Take your time and carefully go through each offer. Understand the lender’s requirements, take note of their interest rates and APRs, and find out their repayment schedule, late payment fees and penalties, and any other information you deem necessary to note.

Please note that it is perfectly okay if you do get a lender to match with. You can always try your luck with any other available money lending platform.

  • Work On Your Credit Score

The companies highlighted in this list have proved it is possible to get a bad credit loan with approval, albeit a little bit difficult.

Unlike while you have a good credit score, having a bad credit score will have you pay a much higher interest rate. Therefore, after obtaining your loan, you need to take it upon yourself to try and improve your credit score rating. A good credit score qualifies you for better interest rates in the future.

One way to build your credit score rate is by ensuring you pay your debts in time. Also, you can get a secured credit card and build your credit score.

  • Penalties

These are a big cause of problems with bad credit loans. Most lenders offering such loans often have heavy penalties for anyone who defaults on a payment day.

Before agreeing to a loan, you can learn about the penalties from the terms and conditions. If not provided, please find out from the lender beforehand to avoid unpleasant occurrences in the future.

To be safe, you should pick a lender with low penalties if you cannot make a payment.

Finally, make sure you work with a reliable and trustworthy company that can solve such upcoming issues modestly.

FAQs Regarding Personal Loans For Bad Credit:

Q1. Are These Lending Companies A Scam?

No. These no credit check loan platforms offer many good services that sometimes feel like a scam—easy application processes, quick approval, low-interest rates, etc.

However, they are legit. Especially the companies on this list, we can vouch for them all. Understand that they are functioning well within their purpose to help people find an easy and quick way of getting financial help.

But let us also keep in mind that these long term installment loans platforms are only here to connect borrowers with lenders; they act as the middlemen.

Therefore, they cannot entirely be held accountable if anything goes with a deal between their clients.

Q2. What Interest Rates Can I Expect from Lenders?

There is no way of telling exactly how much a lender will charge you for the interest rate. The interest rate applied usually depends on many factors, such as your credit score.

For example, people with a higher credit score are likely to be charged a lower interest rate, unlike someone with a low credit score, perhaps under 580.

However, generally, the interest rate range among most lenders is often between 5.99% on the minimum and 35.99% on the maximum.

Q3. I Have a Bad Credit Score History. How Best Can I Improve It?

Although it will take a lot of fixing, it is possible to improve your credit score.

Here are a few tips to help you get started:

  • Constantly evaluate your credit report on a weekly or monthly basis.
  • Ensure you pay your bills and debts on time. Any reflection of missed payment will affect your credit score.
  • Work on clearing all your debts.
  • Avoid situations that can lead to a hard investigation of your financial status
  • Be purposeful with learning about good financial choices. Get the help of a financial expert if necessary.

Q4. I Do Not Like the Idea of Getting My Credit Score Checked. But Can I Still Get an Approved Loan?

Yes. However, it comes at a cost. You will likely be charged higher interest rates and have additional fees to compensate for the lack of credit score checks.

There are a lot of scrutinizes that come along with having your credit score checked. Such invasion of privacy might put off many people, especially those who know they have a bad credit score. To avoid this, such people always hunt for other alternative methods of getting loan approval without going through the intrusive process.

Here are a few ways we found out that would allow you to get loans without having to disclose your credit history.

  • Offer collateral to your easy loans. For example, you can put up your car as collateral, whereby the lender will be at liberty to sell the car if you default on payment.
  • Show proof of your financial ability. Some lenders only need to prove that you are financially stable to offer you a loan. Although they do not charge high-interest rates, such lenders are known to charge large penalty fees on late payments.
  • Get a loan from a pawn shop. These dealers do not care about your credit history; all they need is a collateral item. They will give you the money you need but will charge a high-interest rate to cater to the cost of the risk they are taking. Failure to pay the loan as per the agreement, the lender will repossess the item you placed as collateral.

If your main concern about having your credit history evaluated is that you have a bad credit score, you need not worry. The online lenders named above will offer you a loan regardless of your credit score.

It will then be upon you to work on making payments to the loan and increasing your credit score for future purposes.

Q4. Is It Necessary to Have a Bank Account to Qualify for A Bad Credit Loan?

Yes. You need to have an active bank account under your name before being approved for a loan. A bank account number is for liability purposes and to enable funds transfer. Others require you to have an active bank account since payment methods are automated.

Depending on the lending network you are using, there are several other requirements you might need to meet before approval, such as:

  • At least 18 years or older
  • A legal and permanent resident of the USA
  • Financially stable with a monthly income of $1,000
  • A valid and working home and work address and phone number

Check with your lending company to find out what is needed from you to get approved.

Concluding – Best Installment Loans For Bad Credit In 2022:

With the growing number of quick cash loans lenders available online today, it has become easy for just about anyone to get financial assistance in their time of need.

The online money lending networks come as good news to everyone, especially those with bad credit scores and who have lost hope. With these lending platforms, everyone is eligible for a loan regardless of whether it is a personal loan, business loan, medical loan, student loan, etc. You pass the approval process, and you will be well on your way to getting money deposited directly to your bank account.

The next time you search for financial assistance, try any mentioned platforms. We guarantee you won’t be disappointed.

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