10 Best Bad Credit Loans

Do you have a bad credit score but are looking for a place to apply for bad credit loans? In this article, you will discover the 10 best bad credit loans. Undoubtedly, a lot of lenders tend to give borrowers loans after evaluating their credit scores and finding out if they are qualified for the loan.  Plus, lenders tend to give out loans to borrowers with good credit scores.

If you have a bad credit score, do not be discouraged because there are also financial institutions that give loans to people with bad credit scores. In other words, if you do not have enough time to build up your credit history, you can still apply for loans.

10 Best Bad Credit Loans

However, you can only get this type of loan if you are applying with a co-signer. In addition, you might be required to pay a high interest rate, but this differs depending on your qualification requirements and your score. If you’re interested in applying for a bad credit loan, check out the next outline for some of the best lenders to consider.

10 Best Bad Credit Loans

As mentioned earlier, there are still lenders who offer personal loans to borrowers with bad credit. However, finding them can be a hassle. Not to worry, because I have your back. We have put together a list of the 10 best bad credit loans that you can apply for. Now, let us dive into it:

  • LendingClub.
  • Avant.
  • Upstart.
  • Universal Credit.
  • LendingPoint.
  • Upgrade.
  • Best Egg.
  • Universal Credit.
  • OneMain Financial.
  • Happy Money.


LendingClub is one of the best bad-credit loans. It is also well-known for its online experience. What’s more, you can borrow loan amounts of $1,000 to $40,000 at LendingClub. But you need to have a minimum credit score of 600 to be qualified for a personal loan at this financial institution.  Borrowers can still apply with a co-borrower.


Next on the list is Avant, and they are perfect because they provide a wide range of repayment options. Moreover, their loan terms are available for up to 60 months, and with a credit score of 580, you can apply for a loan at Avant. Apart from this, you can also access unsecured and secured loans through this company.


If you are looking for the best bad credit loan that is approved quickly, check out Upstart. Meanwhile, you can prequalify for a loan at this company with a soft credit check. However, the loan terms at Upstart are only for 3, 5, and 7 years, and co-signers are not allowed.

Universal Credit

This is another personal loan provider, and they offer their services to clients with poor or bad credit scores. Not only can you apply for a bad credit loan at Universal Credit, but you can also compare their various offers. Therefore, choose the perfect or suitable one for yourself and your needs. But you need a credit score of 580 to qualify.


LendingPoint is one of the 10 best bad credit loans to choose from. In addition to this, their required credit is below average, and they have fast funding as well. Apart from that, you can enjoy loan amounts of $2,000 to $36,500 and a minimum credit of $600. What’s more, there are no prepayment penalties as well.


If you are afraid that you may not be able to repay a loan because the repayment terms may not work for you, do not worry. The perfect lender for your worries is Upgrade. They are the overall best installment loan for bad credit. Although they charge insufficient funds, origination fees, and late payment fees, you do not need a high credit score to qualify.

Best Egg

When it comes to debt consolidation, Best Egg is number one. Their loan terms are 3 to 5 years, and you can apply for loans ranging from $2,000 to $50,000. But if you want to qualify, you will need to have a credit score of 600. Nonetheless, Best Egg offers a low starting APR, and their personal loans are fast-funded, so do not worry.

Universal Credit

One of the 10 best bad credit loans is Universal Credit. Furthermore, when you apply for a loan from them, they have credit-building tools that can help boost and improve your credit score as you pay back your loan.

OneMain Financial

Meanwhile, one of the best lenders that offers the best secured loan is OneMain Financial, and with a minimum credit score of $500, you can apply and get a loan from them. What’s more, they have more than 1,400 branches and loan terms ranging from 2 to 5 years.

Happy Money

One of the 10 best bad credit loans is the perfect loan with few fees. What’s more, you need a minimum credit score of 640, and you can access loan amounts of $5,000 to $40,000. The loan terms range from 24 to 60 months. In addition to this, Happy Money does not charge prepayment penalties, application fees, or origination fees.

Tips For Comparing Personal Loans for Bad Credit

If you are seeking a personal loan but are experiencing hardship comparing or finding a good lender, do not worry. Here are some helpful tips for comparison:

  • Find out if there are additional fees.
  • Compare and balance the interest rates.
  • Evaluate the monthly payments.
  • Review the lender’s customer support choices.
  • Prequalify with a lender.
  • Find out how much you need.
  • Go through the borrowing requirements.

You also need to find out if they have flexible loan terms. This way, you will be able to repay the loan conveniently.


Now that you have finally found the best bad credit loans to borrow, be sure to use the tips above to compare their rates and terms before choosing one. Once you find a good lending company, provide all the necessary information, and you will be able to apply for a loan even with bad credit.

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