Best Bad Credit Loans With Guaranteed Approval In 2021 – Top Online Direct Lenders For Installment Loans And Personal Loans For Poor Credit Score | Emergency Loans Near Me

Almost every financial condition has its highs and lows. You may have had financial difficulties in the past, which may have impacted your credit record or score. Have you ever needed a loan yet been turned down because of your poor credit history?

If this is the case, going to a traditional institution for a loan will be futile, as they will not grant a loan to users with a poor credit score. However, there are bad credit loan companies, which can be your alternative lenders’ choice. These platforms provide possibilities for borrowers with a variety of credit histories, including those with a poor credit score.

However, with so many new organizations popping up in recent years, choosing one might be challenging, especially if you need to provide sensitive information and need the loan the same day. They can also keep you waiting by delaying to provide you with confirmation.

So, to assist you, we’ve prepared a list of the top five best bad credit loans that offer bad credit loans with guaranteed approvals to their customers. These websites are not direct lenders; rather, they act as a bridge to connect you with one. They also transmit the loan funds on the same day that the loan is approved.

So let’s get started without further ado.

Best Bad Credit Loans With Guaranteed Approvals

  1. MoneyMutual : Overall Best For Bad Credit Loans
  2. BadCreditLoans : Best Loans For Poor Credit Score
  3. CashUSA : Best Platform For Instant Cash Loans
  4. Personal Loans : Best For Personal Loans
  5. Credit Loans : High Chances Of Approval For Installment Loans

#1. MoneyMutual : Overall Best For Bad Credit Loans


MoneyMutual is an online service that connects lenders and consumers for short-term loans with bad credit. This company can connect its customers with over 60 short-term loan lenders who can make real-time decisions on giving you a loan and have the funds sent directly into your bank account the next business day.

It is a completely free service that you can use at any time. You can also explore what lenders can offer you without being obligated to accept the loan. You can get approved quickly, and if you immediately sign your loan agreement, you might have your funds in as little as 24 hours.

This may take longer depending on the lender and whether the application is made on a weekend or holiday. Once the money is in your bank account, you can spend it for whatever purpose you like. Furthermore, you’ll learn when your lender’s payment is due and how to submit it.

Installment loans, lines of credit, student loans, title loans, and auto equity loans are all available through their lenders. MoneyMutual offers live chat support on their website if you have any queries about what kind of loan you might be eligible for.


  • Borrower Profile

Short-term lenders can have their particular set of acceptance criteria, but MoneyMutual puts down a few basic conditions to assist you in figuring out if you’re a good candidate for a loan.

To begin, you must have a job or other source of continuous income that pays at least $800 per month. Some lenders will accept social security, pensions, and disability payments as part of the income criteria.

  • Application Process

MoneyMutual estimates that the application process will take no more than five minutes and that there will be no fees associated with this service. Within minutes, you’ll receive a response from lenders who will analyze your information to make an acceptance decision.


  • Numerous lenders in its network
  • Finding the lowest interest rate on loan in a single search
  • Consider bad credit scores for a loan
  • The application process is quite simple
  • There are no fees


  • The company is not a direct lender
  • It provides maximum loan up to $5000

Customer Experience

The site is fairly simple to use and navigate, clearly displaying everything. Customers have expressed satisfaction with the customer service staff’s accessibility. Customers have stated that the customer service team listens patiently and calmly to all inquiries.

=> Click here to visit the official website of MoneyMutual

#2. BadCreditLoans : Best Loans For Poor Credit Score


BadCreditLoans.com is not a bank or a credit facility provider; rather, it is a marketplace where a huge number of financial institutions and individuals that provide credit loans especially to those who have a bad credit score can connect with loan seekers.

The network offers a variety of loan types, ranging from mortgage loans to medical loans, as well as auto loans and academic loans. Though they are not credit providers, they give away for loan seekers to connect with a variety of loan facilities and providers for short-term loans up to $5,000.

The entire procedure is fast-paced and done entirely on the internet. The repayment time might be as little as three months and as long as three years, all of which can be readily accomplished through the Bad Credit Loan Network.

If your loan is accepted and you decide not to proceed with it, there are no penalties but if you decide to proceed with your loan once it has been approved, they will be on the ground to go through all of the terms with you before you sign, safeguarding both the lender and the borrower.


  • Fast Service and Free Of Any Charges

BadCreditLoans.com is a site where you may acquire a cash loan quickly if you have a bad credit score and an emergency circumstance that requires financial assistance. They do not lend you the money directly but they send you offers from credit providers that meet your demands.

Requests for loans can be submitted at any time of day because the company welcomes everyone and anybody, regardless of the credit history. A survey of short-term offerings can be conducted for no cost and with no obligation.

  • Easy Loan Application Procedure

The loan application process is simple. Simply fill out the loan application form, and you will receive offers from the company’s pool of loan providers in a matter of minutes. Thanks to the electronic banking system, your bank account will be credited with the loan amount in less than 24 hours after loan approval.


  • Obtaining loan quotes is completely free
  • You can compare different lenders side by side
  • They handle the legwork for you by locating qualified lenders
  • You might come across options you wouldn’t have considered otherwise
  • The terms of several of the loans are flexible, making them more affordable
  • Unsecured loans are also available


  • For bad credit loans, the annual percentage rate (APR) can be high

Customer Experience

As you can see from the BadCreditLoans review, the application process and money transfer are both quite quick, which is highly praised by clients. Even if they have a terrible credit score, they can easily get their funds the next day.

The customer service team is also quite efficient throughout the day, and they are very accessible via chat or email. Because it is so easy to find things on the website, it has proven to be incredibly useful while applying for a loan.

=> Click here to visit the official website of BadCreditLoans

#3. CashUSA : Best Platform For Instant Cash Loans


CashUSA.com was founded in 2015 to combine traditional lenders, peer-to-peer lending networks, and tribal loans. Today, they offer personal and installment loans to people with various levels of credit across the United States.

They are not a lender, but they do provide a platform for consumers with good or low credit to get the cheapest rates by receiving many offers from various banks and lenders. Traditional personal loans, personal installment loans, and peer-to-peer loans are available, and they can be funded by people or companies.

They have a good track record of connecting customers with several lenders who compete for your loan by giving the greatest APR rates. CashUSA may have a lender prepared to lend money to you even if you have bankruptcies and repossessions. They also have a CashUSA app that allows you to apply for a loan and complete the full procedure from your phone.


  • Loan Calculator

Use the CashUSA Loan Calculator to figure out how much you’ll have to pay each month based on the interest rate, duration of the loan, and the borrowed amount. Your credit report and your repayment capacity will determine the interest rate. This calculator allows you to change the loan factors to have a better idea of how they affect your monthly payment.

  • Qualification & Flexibility

CashUSA’s requirements are less stringent than those of most other bad credit loan companies. Although a person’s credit report and FICO score are important, the corporation also considers job history and the presence of regular paychecks when determining trustworthiness.


  • Specialists in personal loans for bad credit
  • All credit types are eligible for a loan
  • The website also provides consumers with online education resources related to loans


  • Lenders with high APR rates
  • It requires personal information

Customer Experience

Customers who have used CashUSA have praised the platform’s ease of use as well as the company’s great customer care team for their friendliness and ability to fix problems. Customers also like the fact that CashUSA works with customers who have bad or no credit scores.

=> Click here to visit the official website of CashUSA

#4. Personal Loans : Best For Personal Loans


PersonalLoans.com is a company that specializes in giving personal loans to people who are in financial trouble. Because of its wide network of lenders, PersonalLoans.com may be able to supply applicants with loans up to $35,000; however, loan amounts may vary on a case-by-case basis.

The length of time it takes to repay a loan normally ranges from 6 to 72 months, depending on the terms set by each lender. Applicants can connect with lenders who are willing to overlook bad credit, resulting in lending chances that they would not have otherwise.

Applicants can also choose from a variety of loan choices thanks to personalloans.com’s large network of lenders. Borrowers can evaluate interest rates and payback conditions and choose the lender that best suits their needs.

Customers should make informed decisions based on the terms and services available on PersonalLoans.com. Lenders undertake their due diligence to determine eligibility, terms, and loan rates; similarly, consumers should make informed judgments based on terms and services available on PersonalLoans.com.


  • No Hard Pull

When you apply for a loan with Personalloans.com, you will not be subjected to a hard pull. This implies that your application will not have the same impact on your credit score as a regular loan application, allowing you to avoid future credit damage. Applicants must, however, show their income, which is combined with their credit ratings to assess their loan eligibility.

  • Simple Online Application

The simplicity and convenience of use are a significant part of what draws people to Personalloans.com. Candidates can apply with one short form while the site links them to a large network of lenders. Personalloans.com has developed a one-page application that contains all of the pertinent information about their lending network and can be completed in a matter of minutes.

The application runs through their system to connect customers with lenders who are inclined to make them an offer right away. As a result, the entire procedure is smooth and stress-free. Simply go to the website, fill out some information, and you’ll start receiving offers in minutes.


  • The funds are transferred very quickly
  • You can borrow as much as you need thanks to a high loan ceiling
  • The minimum loan amount is rather modest
  • You can save money on interest by choosing a short repayment term
  • The application procedure is simple


  • The annual percentage rate might be extremely high
  • Because they have a $1000 minimum, they might not be the greatest option for a payday loan

Customer Experience

Customers have had nothing but positive things to say about the platform. They claim that all terms are presented before the loan is sanctioned and that obtaining a loan is a quick and painless process. They also praised the customer care team for their unwavering support throughout the loan application procedure.

=> Click here to visit the official website of Personal Loans

#5. Credit Loans : High Chances Of Approval For Instant Loans


Credit loans are also not a direct lender, but rather a digital platform that connects borrowers and lenders. It’s free to use, and the application process is rather straightforward. Aside from the quick bad credit loans with guaranteed approval, another benefit is that you can approach several lenders with just one application.

It’s not the end of the world if you’re not approved for a loan. Credit Loans can send your application to third parties once you’ve given your approval who can provide you various lines of credit as a substitute for receiving the funds you need.

That is why CreditLoan.com is a suitable option for unsecured personal loans for people with credit scores below 550. People who are looking for the best bad credit short-term loans with guaranteed approval usually require funds immediately. Many lenders, fortunately, would send payments as soon as the next business day.

You should be aware that if you do not pay on time, you may be charged additional fees. It’s vital to understand that once you’ve been matched with a lender, Credit Loans isn’t involved in the transaction at all.


  • Simple Qualifications

Requesting a bad credit loan is a simple process on Creditloans.com. You must be a legal citizen and over the age of 18. For the transaction to complete, you’ll need to submit some more basic information, such as a valid email address, a functional phone number, and the bank account to which you’d like the money transferred.

Please keep in mind that meeting these criteria does not guarantee that you will be matched with a lender. Requesting a bad credit loan is made simple by combining a quick online form and loan process with an equally quick delivery method.

  • Soft Pull

For your first loan request, CreditLoan.com demands a light credit pull. This does not result in a credit inquiry and has no bearing on your credit score. Any loan offers you receive will be tailored to your specific needs and will come from individual lenders that are members of the CreditLoan network.

Interest rates, payback terms, and fee structures will vary amongst these packages. Some of the network’s lenders may not demand a credit check before approving a loan. If that information is available, it should be highlighted in your loan offers.


  • There isn’t any collateral
  • They have served over 750,000 consumers since 1998
  • The loan can be used for a multitude of things


  • Short-term loans
  • Extremely high APRs

Customer Experience

Their website is secure and loads swiftly, making navigation a breeze. As previously said, the loan application process is quick and easy.

Many knowledgeable lenders are available on the platform, who not only grant loans to those with bad credit but also lay out the terms of the loan upfront. Overall, the site should be a good option if you need a bad credit loan quickly and with a guarantee of approval.

=> Click here to visit the official website of Credit Loan

Factors To Consider While Choosing A Bad Credit Loan Site

There are various lenders to choose from, but you should go with the best to get the greatest deals. If you still want to visit sites that aren’t on this list, keep these considerations in mind.

Check Out Online Reviews

A lender’s services have been used by several people. You should study previous reviews to see if the lender can guarantee you the top services. You can determine whether or not a certain bad credit loan with guaranteed approval from the lender can provide you with high-quality services based on previous customer reviews.

If you want to achieve the best outcomes, you must work with the best professionals. They will handle your loans quickly to meet an urgent financial necessity. If you want to spend the money as soon as possible, you’ll need to engage with specialists who can guarantee you the quickest loan processing.

Interest Rates

Before you take out a loan, compare the interest rates offered by different lenders. Some lenders are well-known for providing excellent service. You should not be subjected to any hidden fees from the best lenders.

Always think about the interest rates and hidden fees that a lender offers before using their services. The most reputable lenders will demand reasonable interest rates. If you plan to borrow a big sum of money, you will save money if you evaluate the various lenders available before choosing the one that will offer you the best rates.

Approval Process

The loan approval process is quite important. You are in need of a lender who will process the loan in the shortest period possible. The procedure should be straightforward. Some lenders have a reputation for being quick to reply and delivering loans quickly. You should take your bad credit loans with assured approval from a service provider with a track record of getting loans authorized in the shortest period feasible.

Customer Support

Examine the customer service offered by a particular lender. The ideal firm to apply for bad credit loans should be there to assist you whenever you need it.

When you work with a company that provides dependable customer service, your problems will be resolved as quickly as possible. Check out the types of assistance that a particular lender offers, and you’ll realize that getting the services is simple.

Secure Loan Processing

Before you may apply for the loan, you must first enter your personal information. Many consumers want to know what kind of security a lender uses before applying for a loan. You can call the lender, and getting the greatest loan application experience will be simple.

Before you start asking for a loan online, look into the lender’s reputation. They should have safeguards in place to ensure that you get the best loans possible.

How To Get A Loan When You Have A Bad Credit Score

Even though it will be difficult, you can still acquire a loan with a bad credit rating if you follow the steps outlined below:

Show Evidence of Income

Even if you have a bad credit rating, a boost in salary or the addition of another source of income may persuade the lender to take your loan application into consideration. Furthermore, if you can demonstrate that you have a stable job with a consistent revenue stream, your chances of obtaining a loan improve.

Consider Applying for a Low Loan Amount

If you apply for a big personal loan with a low CIBIL rating, your lender may consider you a high-risk customer. Your chances of defaulting on the loan repayment are higher, according to the lender. If the personal loan request is for a smaller amount, the lender may be more receptive to approval. In addition, repaying a lower sum will be much easier.

Get a Guarantor

Having a co-applicant or guarantor with a good credit rating can assist you to get a loan faster if your CIBIL score is low. Ascertain that the KYC procedures are fulfilled, together with the required signatures on the applicable documents, with the co-applicant or guarantor authorization. When a lender finds a co-applicant with a respectable CIBIL score on your loan application, it undoubtedly helps you receive a better deal.

Resolve Errors in Your Credit Report

You can have trouble getting a personal loan if your CIBIL score is low. However, there is a possibility that your credit score contains errors or omissions. This is most likely because your file hasn’t been updated with the latest up-to-date information.

While it is not your responsibility, blunders like these can lead to unpleasant consequences. Check your CIBIL score frequently to stay ahead of the game. If you discover any inaccuracies, please notify the proper authorities immediately. Finally, it will benefit you by improving your credit score, making you a more suitable candidate for a loan.

Repercussions of Having a Low Credit Score

You Pay More For Your Loan

A good credit score will not only let you bank with more trustworthy organizations, but it will also get you the best loan interest rates. Consumers who have a credit score of 720 or higher on auto loans and 750 or higher on mortgages obtain the greatest APR rates.

Assume you have a FICO score of 620 and are looking for a mortgage. With today’s rates, a $300,000 house would cost around 4.8 percent in interest, but a buyer with a credit score of 760 to 850 would pay around 3.2 percent APR. While a difference of 1.6 percent may seem tiny, in this case, your lower credit score would increase your monthly loan payment by approximately $275, costing you $99,000 over 30 years.

Insurance Premium Goes Up

Most states in the United States allow credit-based insurance scoring, allowing car and homes insurance firms to consider your financial habits when determining your risk. If your credit score falls below 600, your premium insurance will not automatically increase, nor will your policy be canceled. However, if you have a poor credit score, you may not be able to acquire the best rate.

May Miss Out On Career Opportunities

You’ll have more professional opportunities if you have good credit habits. Employers are authorized to pull consumer credit reports in most states for making hiring decisions, as well as when determining who to promote or reassign.

Your employer will not see your exact credit score, but they will have access to your credit report if you have given them signed permission and will be able to see information such as open lines of credit, any outstanding balances, late or missed payments, bankruptcies, and collections balances.

Difficulty In Renting An Apartment

According to Experian, a credit score of 620 is frequently the bare minimum credit score required to qualify for an apartment. Some landlords and property management organizations are more rigorous than others.

If your credit score is 700 or more, you can rest easy. If your credit is bad, you may need to find a cosigner or pay a security deposit before signing a new lease. Renting a flat with bad credit isn’t impossible, but it might be a lot more difficult.

Alternatives To Bad Credit Loans

Short-Term Loans

While a short-term loan can legally be considered a bad credit loan, it is on a much smaller scale than most other types of personal loans. This is a viable alternative to a traditional bad credit loan, but only for people who are ok with a small loan amount.

This is a helpful option because it ensures that you can borrow money even if you don’t meet all of the criteria for the entire amount you require. As a result, if you require a loan for more than a few hundred pounds, a short-term loan may not be the ideal option.


Getting an overdraft is one of the most straightforward ways to borrow money, as it is usually a simple extension of your current account rather than an entirely new financial product from a different provider. There is still an application form via which your account provider will choose whether or not to grant you an overdraft.

Although you can use an overdraft to get extra cash, it is more of a buffer than a dedicated method of borrowing, especially since you may be charged a daily fee for utilizing it. In this case, it may not be a viable option unless you can pay it off fast and avoid the associated origination fee.

Credit Builder Card

Even if you can’t borrow a huge sum of money in one go, a credit builder card can be a smart alternative, particularly if you also want to enhance your credit score. It may not allow you to borrow as much as a bad credit loan, but it does offer you a credit limit within which you can spend.

This is a wonderful option for folks who wish to work on improving their credit score so that they can get better financial goods in the future. It is particularly crucial for people who may need to take out a mortgage in the future.

Secured Loan

While this form of loan may be a viable option for those who need a larger loan, the risk is substantially higher because it is a secured loan. This implies that the loan is secured against a valued asset, such as your home, and that if you miss a payment, the asset may be repossessed.

Even if you have a terrible credit score, if you’re comfortable with the level of risk, this is a realistic option if you need to borrow a greater sum. However, because the consequences of defaulting on a loan are so severe, you should always explore additional unsecured loan choices just in case and not just stick to secured loans.

Frequently Asked Questions about Bad Credit Loans

What is a bad credit loan?

A bad credit loan is a loan for somebody who has a low credit score or has a negative credit rating. Bad credit loans aren’t always labeled as such, but any loan that accepts a low credit score or requires a guarantor is geared for people with bad credit.

Loans for people with bad credit normally have higher interest rates than loans for people with good credit. As a result, they should only be considered if you know you won’t be approved for other types of personal loans.

They’re also usually unsecured, which means they’re not secured by a valuable asset like your home or car, but instead rely primarily on your credit score. As a result, the lender’s risk will be reflected in the pricing.

How can a person with bad credit find the best mortgage rate?

Some lenders cater to top-tier applicants with good credit ratings, sound financial records, and substantial down payments. Other lenders, including the five on our list, are more than willing to aid people with bad credit. So do some research to find who can offer you the greatest bargain. And don’t assume that if one lender says no, they’ll all say no – that’s not how mortgage lending works.

The business interests of each lender can shift from today. Moreover, different lenders provide various discounts. So putting in some effort to compare different companies could lead to you getting the loan you desire at the best rate possible.

Is it possible to receive a personal loan without checking your credit score?

If you don’t want your credit history to be checked during a loan application, you’ll have to pay a fee. To secure your lender’s interest, you may have to pay a high-interest rate, and other expenses as compensation.

Additionally, there are a few other alternatives.

  1. Taking out personal loans from pawn shops. These will necessitate the use of a possessed object as collateral. They will seize the mortgaged item if you do not pay.
  2. You can also get an auto title loan by supplying the lender with the title to your vehicle. If you do not repay, you will lose possession of your vehicle.
  3. You can get a payday loan if you can show that you have enough money to pay back the loan. If you don’t pay, you’ll be hit with a slew of fines.

Is your income taken into account by lenders?

While your salary has no bearing on your credit score, income and wealth are taken into account by lenders. Lenders look at two factors when determining your creditworthiness: your ability to pay your expenses and whether or not you pay your bills.

While salary has no direct impact on your credit score, it does have an indirect effect because you require enough money to pay your payments. And if you are unable to meet your financial responsibilities, you run the danger of accruing debt or skipping payments, both of which can have a negative impact on your credit score.

Your credit limit isn’t always determined by your income and a high salary doesn’t always imply a greater credit limit. If you update your income with a card issuer to a higher number, your credit limit may increase, which may be beneficial to your credit use ratio.

How do loans for bad credit work?

Personal loans, payday loans, and short-term loans are all available from some lenders. They’re made for folks with terrible credit or a limited budget. You can normally borrow between $100 and $1,000, with the expectation of repaying the funds with your next salary.

What’s vital to remember is that the APR on bad credit payday loans with immediate acceptance is higher than on other sorts of bad credit personal loans. It can be as high as 500 percent or even more. Not only that, but certain fees might be quite costly.

Lenders will do a soft or hard credit check to establish your creditworthiness, which may have a slight impact on your credit score if the hard check is performed . To be qualified for this sort of loan, you must have had a consistent source of income for the previous 3-6 months and have a bad or poor credit score.

Will I go to jail if I don’t pay my debt?

Borrowers who use bad credit personal loans cannot go to jail if they default. However, this will severely damage their FICO credit, making future loans extremely difficult to obtain.

What are my options for repaying my bad credit loans?

Most lenders now have online systems to allow customers to make monthly payments, as everything is moving towards the internet. Furthermore, if a customer is uncomfortable paying online, lenders have agents who can handle payments over the phone.

The manner of repaying the loan varies from one lender to the next. You can review the repayment terms before accepting the offer. Make sure you read all terms, not just the repayment terms, to understand how bad credit loans function, as well as the APR and other terms.

Is a credit score of 600 considered bad by FICO?

The number 600 is regarded as fair, although it is not in the range of a good score. So, if your score is less than 600, you should consider yourself unlucky.


Access to cash is always crucial, but if you don’t have a stellar credit history, many banks and major credit bureaus may not be willing to lend you money. That is why it is critical to understand the websites that offer bad credit loans with guaranteed approvals, as well as the ins and outs of their loan arrangements, to select any one of them.

All of the websites on this list are quite trustworthy, and you may simply share your private information with them because they never share it with third parties without your permission. We hope you now have the necessary information to select the best site for your needs from the five options offered. However, be cautious of scammers.

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