Bad Credit Loans with Guaranteed Approvals: Top 5 Loan Companies Offering Personal Loans For Bad Credit & Installment Loans

Whether you buy a car, purchase a house, or wish to start your own business, someone will lend you money if you have a good credit history. Unfortunately, however, it’s not always the case that we have a perfect credit history.

Maybe, your credit has been damaged over time, and unfortunately, there is no way to get it fixed right now. Such a situation often makes it difficult to get a loan approved in an emergency or if you need some cash.

It’s incredible to think that many people don’t realize the benefits of bad credit loans. Think about it: There is no better way to get some cash in hand than a bad credit loan.

These loans are ideal for anyone with bad credit or even someone with good credit who needs cash quickly. Bad credit loans are simple to apply for, and they can be approved quickly. Since there is no collateral against them, you need proof of income and pay stubs.

Unlike mortgage or auto loan applications, applying for a low-interest personal loan is now easier. Now that we’ve discussed all the perks of a personal loan let’s talk about why you’re here – selecting a lender for your bad credit personal loan.

If you’re in a tight situation and face problems while getting money to fulfill your needs, you should look at the list below compiled by us in collaboration with experts from respected lending companies.

2022’s Top Loan Companies For Bad Credit Loans & Emergency Loans

  1. MoneyMutual: Overall Best Lender For Bad Credit Loan, Editor’s Pick
  2. BadCreditLoans: Top Lender For Online Loans For Bad Credit
  3. RadCred: Top Lender For Payday Loans & Installment Loans
  4. CashUSA: Get Instant Cash Advance Loans & Fast Loans With Best Interest Rates
  5. PersonalLoans: Well-Known Online Lender For Best Bad Credit Personal Loans

#1. MoneyMutual: Overall Best Lender For Bad Credit Loan, Editor’s Pick


MoneyMutual is the best-rated bad credit loan service in the US and our Editor’s loan service pick of 2022. The company was founded by a group of financial experts who have a combined experience of more than 40 years. This bad credit loan service offers fast and easy funding for creditworthy borrowers.

The company was founded to respond to the growing demand for personal loans by consumers who are either turned down by conventional lenders or who simply want to avoid the hassle of applying for a loan. Borrowers can get unsecured and secured loans, even with bad credit, no credit, or other financial issues.

MoneyMutual specializes in providing financing solutions for those rejected by traditional lenders due to poor credit history, bankruptcies, tax liens, foreclosures, repossessions, judgments, etc. In addition, MoneyMutual works with banks and other lenders around the country to provide customers with quick access to funds when they need them most.


  • No Credit Checks Required

MoneyMutual provides a bad credit loan service, so you don’t have to worry about being turned down for a loan because of your credit history. You don’t need a credit check or any other hassle—they just give you the money you need immediately.

And they do it all online, so there’s no waiting around at the bank or driving around town to get the cash you need. It doesn’t matter what kind of job you have or how much money you make—if you need a loan, MoneyMutual will help you find one.

  • Immediate Funds on Approval

There’s no waiting around for approval like there is with some other lenders; once you’ve applied for a loan at MoneyMutual’s bad credit loan service, you’ll know whether or not you’ve been approved for financing.

The application process only takes a few minutes, and once it’s approved (which happens almost instantly), you’ll have access to the money you need when applying online or by phone 24 hours a day, seven days a week.

  • Low-Interest Rates and Flexible Repayment Plans

Low-interest rates and flexible repayment terms are a big part of MoneyMutual’s bad credit loan appeal. So, if you’ve found yourself in need of money but don’t have the best credit score, this is an excellent way to get the cash you need.

The company charges interest rates between 6% and 30% APR depending on your financial profile, credit score, and other factors such as your income level or employment history.

You can choose an installment plan of up to 36 months or a term of one year or less if you prefer to pay off your debt quickly instead of stretching it out over time and saving yourself even more fees.

  • All Major Banks Supported.

All major banks are supported by the company’s platform, meaning that you won’t have to worry about whether or not you can use your bank card to make a payment. This feature is great for people who don’t have access to other forms of credit or don’t want to use them because they are limited in how much they can borrow at one time.

MoneyMutual.com offers bad credit loan services that can help you get money for any purpose. It does not matter if you are applying for a debt consolidation loan, or a personal loan or which bank is used for the process. This company will help you get the amount of money that you need.

  • High Approval Rates

MoneyMutual.com also has an extremely high approval rate, which means that it’s easy for most people to get approved for their loan applications.

This high success rate makes it easy for customers who are desperate for cash in a hurry to get the money they need without having to deal with a lot of paperwork and red tape involved with applying for a loan through other companies.


  • No formal credit checks
  • The easy and quick application process
  • No hidden fees throughout the term of the loan
  • Prenuptial agreement available
  • Great Customer Support
  • Quick approval time


  • A little more expensive than others

=> Click here to visit the official website of MoneyMutual

#2. BadCreditLoans: Top Lender For Online Loans For Bad Credit


Badcreditloans.com is one of the best bad credit lending services for low credit scores in the USA, earning the company the second spot on our list. They offer high-quality loans to people with bad credit, so you can get money when you need it most.

The company will provide you with a free consultation and a no-obligation quote for your loan. They’ll consider various factors such as your income, assets, liabilities, and credit history to determine whether or not they can help you.

The loan amounts vary to accommodate different financial needs and range from 12 months to 60 months in repayment terms. Borrowers can extend the repayment period by making extra payments or paying off the loan early without additional fees.

If you’re someone with a bad credit score and an urgent financial need that requires immediate attention, then badcreditloans.com offers loan services that may help you out of it.


  • Quick and Easy Approvals (Approved in Minutes)

Bad Credit Loan Services is a bad credit lending service that offers fast and easy loans to people with bad credit. They can offer these loans because they work with some of the best lenders in the industry and have established relationships with them. In essence, you can get approved for a loan without worrying about whether or not you will be able to pay it back.

In addition, the company makes it easy for you to apply for a loan online, so there is no need for an office visit or paperwork that needs to be filled out.

You simply fill out the application form on their website, and they will review your information within minutes so that they can determine if you qualify for their program. You will know right away if you qualify or not, which is why they have such high approval rates.

  • Immediate Loan Funding (Get Cash Today)

BadCreditLoans.com provides loan funding within 24 hours after approval, allowing borrowers to receive their money within one business day after applying online or over the phone.

In addition, the company can fund most applications within minutes, so applicants don’t have to wait long before receiving cash from their loan proceeds.

Credit checks are a common practice in the lending industry. It is a way of determining if you are a good candidate for a loan, and it is also a way of determining whether or not you can repay the loan. However, some people do not want to divulge their personal information to a lender.

  • No Credit or Background Checks Required

Credit checks are a common practice in the lending industry. It is a way of determining if you are a good candidate for a loan, and it is also a way of determining whether or not you can repay the loan. However, if you would rather not divulge your personal information to lenders, this might be your service.

Unlike other lenders, BadCreditLoans does not require any credit checks or background checks. This non-requirement means that you can qualify for a loan with bad credit and no job history.

No need to worry about a good credit history to qualify means you can get instant bad credit loans with them with no faxing required and no credit check required at all.

  • 100% Confidential & Secure Online Application Process

We pride ourselves on providing our customers with fast and secure service and the best possible rates for their loans. Our goal is to deliver a lending experience that exceeds your expectations.

As one of the leading online lenders in America, we strive to provide each customer with an easy and convenient way to obtain a personal loan through our website. In addition, we offer flexible repayment options so you can repay your loan when it best fits into your budget.


  • Great for people with low income or bad credit
  • Flexible optional length of repayment and flexibility for late payments
  • No need for collateral – personal identification is all that is necessary
  • Easy, the speedy process takes little time from application to cash in hand


  • It may be costly if you need to pay it off early due to the high APR rate
  • If you miss a payment, this can negatively affect your credit rating

=> Click here to visit the official website of BadCreditLoans

#3. RadCred: Top Lender For Payday Loans & Installment Loans


Whether you’re looking to consolidate debt or need cash to pay the bills, you’ll get just what you need with a personal loan from RadCred.

The brand runs a consumer finance marketplace on its website where people just like you can connect with local lenders in seconds. If you’re new to peer-to-peer lending, you’d be surprised at how many willing lenders there are. All the company requires is a simple sign-up process, and you can get started with them right away.

Regardless of your credit situation, their service can find a tailored loan for your needs and situation. So, if you’re a customer unsure where to find the cash advance loan you need, this is one company to try out. Their service will get you seamlessly matched with a lender within minutes of request, so you can start taking care of your financial concerns right away.


  • Multiple Loan Options

RadCred offers two types of loans: secured and unsecured. A secured loan requires collateral, such as a car title, home equity line of credit, or valuable personal property like jewelry. On the other hand, unsecured loans do not require collateral but have higher interest rates and fees than secured loans.

RadCred also offers payment plans for borrowers who would rather pay in installments than at once. In addition, the company’s website features several loan options with varying interest rates and repayment terms based on your financial situation and credit history.

  • Hassle-Free Application Process

If you’re in a bind with your finances, the last thing you want is to deal with an overly complicated application process or tedious paperwork. At RadCred, they understand this and make things as easy as possible for their borrowers.

The application process takes about five minutes and requires just a few pieces of information from you: your name and phone number and the amount of money you’d like to borrow.

  • Customer-Friendly Website Design

The company’s website is intuitive and easy to navigate, making it simple to find the information you need to get started on your application. This feature makes activities such as completing your loan request form take only a few minutes to complete while you get into other things that matter.

If you plan to use an income-based repayment plan, you’ll need to enter some basic information about yourself, including your name and address and your Social Security number or date of birth.

You’ll also be asked about your employer and income information so that RadCred can verify your employment status and ability to repay the loan over time with interest charges built-in. Whichever option you decide to go with, RadCred website is designed to make the process an easy one for you.


  • The quick and easy application process
  • No prepayment penalties
  • Competitive Interest rates
  • Access to multiple lenders
  • Experienced Team


  • Wait time for approvals can sometimes be longer

=> Click here to visit the official website of RadCred

#4. CashUSA: Get Instant Cash Advance Loans & Fast Loans With Best Interest Rates


Coming up close in third place is the CashUSA nationwide network of payday loan stores that provide various financial services to customers. When it was founded, the company began as a chain of pawnshops called Cash America. It has since expanded into other areas, such as check cashing and short-term loans.

CashUSA offers instant cash bad credit loans for people with poor credit histories. These loans are known as “installment loans” because they are paid back over time rather than in one lump sum like traditional payday loans.

In addition, each installment can be paid back before it is due without incurring additional fees or penalties, which makes them ideal for people who may need a little extra time to pay off their bills or debts.

The application process is fast and secure, and they’ll help you get the cash you need when you need it most.

In addition, the company’s instant cash loans have some of the lowest interest rates available, so it’s easy to repay your loan on time and avoid costly late fees. So, if you’re someone who needs to borrow money but has a poor credit history, this may be the way to go.


  • Quick Approval Process

As a brand, CashUSA understands that bad credit can make it difficult to find a lender who will approve your application. You might have bounced checks or had a late payment on your credit card in the past, but that doesn’t mean you can’t get approved with them. Their loan options are designed for people with bad credit who need money fast.

If you want to borrow between $500-$5,000 and repay over 12 months or more, this might be the right loan. The company’s loans range from as low as $500 to upwards of $5,000, and you can have your money in hand within minutes of applying.

  • Flexible Repayment Options

CashUSA loans are designed to be flexible so that you can pay them back when it’s most convenient for you. For example, you can choose between weekly or monthly payments for up to six months (depending on the loan amount) or pay off your loan in full.

In addition, no fees are charged for early repayment of your loan by the company, so you can clear your loans if your finances get sorted early.

Overall, CashUSA offers its customers several flexible repayment options to make it easier to pay their debts back. So, if you are experiencing a temporary financial setback but have good credit and a steady income, they’re one loan service you should consider when reviewing your options.

  • Bad Credit Doesn’t Mean No Cash

Like many other top credit loan services around, CashUSA offers a variety of fast personal loans for people with bad credit or no credit history. However, it can be difficult to qualify for loans without a good credit score on your application profile, especially if you’re looking in all the wrong places.

The loan options from CashUSA are perfect for you if you can do with an improved credit score but still want a loan now anyways. These options include payday loans, installment loans, and title loans to help you cover your expenses until your next paycheck arrives.

  • 100% Online Process

CashUSA loans are completed 100% online, meaning you can apply from the comfort of your own home. Of course, you can also apply for a loan at a CashUSA store, but there are some benefits to completing the process online.

For example, you can apply for a loan 24 hours a day from wherever you are and whenever it’s convenient for you. There’s no need to visit multiple stores or wait in long lines at one location.

You can apply for CashUSA loans directly through the company website. The application process is simple and can be completed entirely online.

You’ll need to provide some basic information about yourself, your income, and the purpose of your loan. The entire process takes about 15 minutes, and you’ll know if you’ve been approved for a loan amount or not.


  • Fast application process
  • No credit checks required
  • Flexible monthly payment plans
  • Same-day approval


  • Their short-term loans can be relatively expensive

=> Click here to visit the official website of CashUSA

#5. PersonalLoans: Well-Known Online Lender For Best Bad Credit Personal Loans


Occupying the final spot on our review list is the popular PersonalLoans bad credit loan service. The company is one of the top providers of personal loans with low interest in the US. They offer personal loans for all types of credit, including bad credit loans and installment loans.

The company’s online application process makes it easy for borrowers to apply for a loan without waiting on hold or talking to a live representative. The brand has been in business for many years, so they know what works and what doesn’t when it comes to helping people with bad credit get a loan.

Whether you’re looking for a small personal loan or a larger consolidation loan, the company can help you find the best loan option available for you. All of the featured lenders on their website offer competitive rates on their loans to save on interest payments while getting the cash you need to meet your financial goals.


  • Fast and Simple Application Process

One advantage of getting your loan at PersonalLoans is that the application process is usually much shorter than most other places you can try. When you apply for a traditional loan, such as a mortgage or car loan, the application process will involve paperwork, and it may take weeks to get approved.

However, you can do everything online while applying for their bad credit loans, and the money can be in your account within 24 hours or less. In addition, the short and easy application process on the PersonalLoans website means that if you need cash quickly, their quick delivery personal loan options may be the best option for you.

  • Large Network of Lenders

PersonalLoans.com is the first comparison website that allows you to compare the best personal loans for your needs. Customers can see the best rates from banks, credit unions, and payday lenders in the United States. This feature is fast and simple to find the best loan quickly and easily.

You’ll need to enter your information into the company’s secure online form on their website. Then, you’ll receive a personalized list of loans in moments and instructions on how to apply online or over the phone.

  • No Credit Checks Required

Another thing that we should mention about this company’s service is no credit checks are required when applying for a loan. This fact means that even if other lenders have turned you down because of the condition of your credit score, you may still qualify for a loan through this service. If you cannot meet the minimum loan amount required by banks and other financial institutions, this could be the perfect solution.

  • Full Confidentiality

You can apply for your loan online at PersonalLoans by filling out their secure online application form. The information you provide will be encrypted and transmitted over a secure server, so your data remains private and protected at all times.

Once the brand receives your completed application form, one of their specialists will contact you within 24 hours via phone or email to discuss the terms of your loan agreement in detail before processing it further on our end.

Like any other top bad credit loan service we’ve reviewed so far, PersonalLoans ensures that all customers are treated with respect during their application process. As a result, you’ll feel comfortable throughout the entire process without any concerns about privacy or security issues.

  • No Collateral Required

Apart from its traditional secured loan options, the company offers unsecured loans to customers with little to no assets to put down on their loans. You can borrow funds without having to put up any collateral.

However, the interest rate varies according to your creditworthiness and borrowed amount. Generally, unsecured loans have higher interest rates than secured ones because they carry greater risk for lenders.


  • Specialists in low credit lending
  • Flexible repayment options
  • Short- and long-term loans
  • Easy to navigate and customer-friendly website


  • No explanation of fees upfront

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

How We Picked Our Top Bad Credit Loan Lenders?

Finding the best loan can be a challenge because many options are available. But we also know that it doesn’t have to be so hard. We’ve done all of the hard work for you by picking out these top lenders and comparing them.

How did we pick these lenders? First, we looked at what kind of rates each lender had, what fees they charged, and whether or not they offered a money-back guarantee if you didn’t like their service or felt like their terms weren’t fair. We also looked at how long they’d been in business and how much experience they had helping people find loans with bad credit.

Then we compared all of this information between our top lenders and picked out the ones with the most positive reviews from previous customers. We also looked at lenders who offer some guarantees that make borrowers feel more confident about applying for a loan online without having any physical proof that they would be approved!

What You Should Know When Considering Bad Credit Loan Options?

So, you’ve got debt and not a lot of cash in the bank. Maybe you need to make big purchases, like new furniture or a car. On the other hand, maybe your car died, you need a way to get to work and back, or you just need some extra cash for bills.

Whatever the case may be, you have a few loan options available to you — loans that will pay off your debt while also paying the things that need to get paid.

Here are some of the most important metrics to examine as you figure out what you’ll need to pay back:

How Much Will I Have to Repay?

You’ll want to look at how much money you need and how much you can afford to repay. If your budget is tight, your best bet will probably be a smaller loan option like an installment loan or credit card.

But, if you’re willing to stretch your budget a little further, it might be worth going with a larger option like an unsecured personal loan or secured auto title loan.

It’s also important for you to note that different lenders offer different interest rates for their loans with bad credit histories – some being higher than others.

We recommend that you look into this before signing up for any loan deal so that you won’t pay too much extra money.

Figure Out What You Can Afford

Picking quick loans for bad credit can often be cheaper than going through the traditional channels, but they come with fees. This fact is something to keep in mind when you are dead set on getting a loan.

If this is the only way you can handle things, figure out what you can afford and get a credit report to ensure that the loans you get have a low-interest rate or don’t have an annual fee.

Get A Credit Report

You also can’t make an informed decision without knowing where you stand financially. A good place to start is to get a copy of your credit report from the three major credit reporting agencies (Equifax, Experian, or TransUnion).

Your report will show any outstanding debt and past due payments. If any accounts have been reported as paid late or are showing signs of delinquency, it’s best to work on paying those off first before pursuing other loan options.

Once you have obtained your report(s), carefully review it for any errors or inconsistencies. If there are any problems with your report(s) or if they do not accurately reflect your current financial situation, dispute them with each bureau as soon as possible.

Otherwise, they could negatively affect your chance at approval later on down the road when trying to obtain a new line of credit or loan product from other lenders (including those offering fast cash and bad credit loans as well)

Compare Rates and Terms

Once you know what kind of interest rate you can expect, compare lenders’ offers to see which one offers the best deal for your situation. For example, bad credit loans typically have higher interest rates than other short-term lending options.

They’re often unsecured loans meaning there’s nothing to guarantee that lenders will get paid back if borrowers’ default on payments.

These generally higher rates don’t mean you’re stuck with the worst APRs possible, though, as there is plenty of competition around to make finding good deals possible.

You can pick any of our top 4 reviewed bad credit loan services of your choice to save yourself some extra fees. Alternatively, if you can spend extra time researching and comparing your options, we’re sure you’ll find some good fits for your needs.

Review The Payment Options

You need to pay attention to the repayment plan of your loan. The repayment plan should be convenient for your budget and lifestyle. If possible, make sure that you can pay back your loan on time without difficulties or issues. While many different types of bad credit loans are available, they vary quite a bit regarding terms and repayment schedules.

Some lenders offer short-term products that require monthly payments over just a few months, while others offer longer-term loans with flexible repayment schedules (such as bi-weekly or weekly payments).

You’ll need to consider all of this when choosing which type of product will work best for your needs — though keep in mind that higher interest rates often come along with longer repayment schedules.

Choose the Right Lender

When considering quick loans for bad credit, it is important to choose the right lender. Many options are available, but not all lenders will offer the same terms or interest rates. It is also important to make sure that you can repay your loan if you do not qualify for an installment plan with no interest fees.

If you cannot repay your loan on time, you could have large fees added on top of what you already owe and damage your credit score even further than it already has been damaged by your previous mistake or misfortune.

FAQs About Bad Credit Loans with Guaranteed Approvals

Q1. What Are Bad Credit Loans with Guaranteed Approvals?

Unsecured loans for poor or bad credit scores are bad credit loans with guaranteed approvals.

These are short-term loans that are not secured by collateral; the lender will only lend you money if they believe that they will eventually be able to get their money back from you.

There is no collateral involved, so if you default on the loan, the lender cannot repossess anything from you to sell to recoup their losses. They will only be able to collect money from you by taking it out of your bank account or paycheck until you have repaid them everything they are owed.

Q2. What Documents Do I Need to Apply for A Loan?

The amount of documentation required by online lenders depends on the type of loan you are applying for and the lender’s specific requirements.

However, you will usually be required to submit evidence of your income and employment status and copies of recent pay stubs or bank statements showing that you have enough money in your account to repay the loan.

In addition, some lenders may ask for copies of current bills such as utility bills or insurance policies. If you have an existing account with the lender, you may also be asked for proof that it is open and active (e.g., a confirmation letter from the creditor).

Q3. What Are the Benefits of Bad Credit Loans?

There are many benefits to taking out a bad credit loan. The most obvious benefit is that you will be able to get money in an emergency when you need it. If you have no other way of paying for something, a bad credit loan can help provide funding for whatever emergency arises.

Bad credit loans also come with flexible repayment terms and can be repaid quickly if necessary. You can repay early without any penalty or fee and repay in full at any time without penalty or fee either.

Another benefit of bad credit loans is that they are easier to qualify for than most other forms of financing, such as personal loans or credit cards. In addition, most lenders do not even check your credit score before approving your application.

Q4. How Do I Qualify for A Bad Credit Loan?

Qualifying for a bad credit loan is easier than you think. All lenders have different requirements for applicants, but the most important factor has a steady income source. This income source could be from any job or business.

You also need a valid bank account (checking or savings) with direct deposit and a valid email address. If you do not have a checking account, you can use your savings account as long as there are no overdrafts or negative balances on your statements.

Q5. When Will I Receive the Funds?

Most lenders will take 24 hours to process your application and deposit the funds into your account. This short processing time often means that you will be able to access the money by the end of the next day. However, there are times when it takes longer than 24 hours due to legal restrictions and other factors such as holidays and weekends.

Q6. Why Do Lenders Offer Online Loans to Those With Poor Credit?

The first thing to understand is that lenders offer these loans because they are profitable. They can make money by charging a higher interest rate than they would on a traditional loan or by charging other fees like origination fees.

Another reason is that it’s cheaper for them to make these loans than to turn down applicants. The cost of doing business includes processing applications, going through underwriting (the process of deciding whether or not someone gets approved), and funding the loan.

If they don’t approve of you, they still have to do all those things, and it costs them money either way.

Q7. Are There Any Hidden Fees or Costs Associated with These Loans?

Yes, but not many. Most lenders charge a flat fee for an application, anywhere from $100-$200. The process may also involve some document preparation fees, but these are usually minimal at best.

Some lenders will also charge a small interest rate markup on top of their loan rates, ranging from 0%-2%, depending on your credit profile and the type of loan you take out.

This markup is designed to cover the cost of doing business and prevent people from taking out multiple loans at once without paying them back first.

Q8. Why Can’t I Get Approved for Any Loans with Guaranteed Approval?

Approval issues are a common problem among people with bad credit. The reason is that lenders can’t guarantee approvals because they don’t know what your credit report will say.

In addition, if you have had problems in the past and have made payments late or missed them entirely, it may be hard to get approved because lenders are reluctant to take on more risk than they already do by lending money.

Q9. Do You Have to Have a Payday Loan or Credit Card to Apply for a Bad Credit Loan?

You don’t have to have any previous credit history with a bank or credit card company to apply for a bad credit loan. These types of loans can be obtained from many different sources and are available online and offline.

However, you must keep in mind that there are fees associated with these loans, and if you don’t pay them back on time, you could end up owing even more money than you initially borrowed.

Wrapping Up On Choosing THe Online Lender For BEst Bad Credit Loans

There is nothing as secure as a guaranteed approval loan. You do not have to worry about your credit score when applying for this loan. The truth is that a guaranteed approval service will only consider the documentation and information that you will provide.

Since you already have bad credit, this is where the loan companies can help you without thinking about your credit history.

Feel free to compare our select top lending sites above by their offers and the approval processes and choose one that will benefit you. The approval of the credits is guaranteed, so you do not have to worry about being declined for bad credit.

In addition, the approval of the credits doesn’t affect your credit report, whereas a loan taken with a bank might.

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