Best Bad Credit Loans In 2022 – Top 5 Online Lenders For Personal Loans For Bad Credit

We nurse a firm conviction. God certainly didn’t intend to make you live in the condition you are in now. So, do the right thing today, for which your future and progeny will thank you. But, what can you do to ameliorate your current condition?

You can always work hard, accept the challenges life has thrown upon you, and build your edifice slowly, brick by brick. That sure will take a long time to elevate your condition. It can also be painstaking and frustrating if you are in haste to better your state of living.

Alternatively, you can dash straight ahead, where lies your financial freedom.

Your present state of being is indeed very troubled. You are living from hand to mouth. And the reason for this condition is not difficult to trace. Your poor or bad credit score is at the root of your financial hardship.

Will you try to repair your shattered credibility or buy something with your bad credit, which will go a long way in upraising your financial status, strengthening your financial muscles to realize your dreams, and meeting any challenges of life.

Leverage your bad credit because it isn’t all that bad. However, to leverage your bad credit, you will need the right partner to assist you, your bad credit notwithstanding. We have chosen five partners who can help you come strong with your bad credit.

We don’t want you to be persistently denied loans or financial assistance by banks and credit societies before you decide to come to us for help. Read this article, and we assure you it will metamorphose you to your best Bad Credit Loan lenders possible self today.

Top 5 Loan Companies For Bad Credit Loans Guaranteed Approval

#1. MoneyMutual — Overall Best Loans For Bad Credit On The Market

#2. BadCreditLoans — Top Loan Lenders For Bad Credit Personal Loan

#3. RadCred — Most- Trusted Direct Lenders For Bad Credit Loans

#4. CashUSA — Top Loan Company For Emergency Loans And Instant Cash

#5. Personal Loans — Get Personal Loans With Bad Credit At Best Interest Rates

#1.MoneyMutual Overall Best Loans For Bad Credit On The Market


They say truth is often more bizarre than fiction. And so it is, at least, the reality of the common America’s financial conditions. It is much grimmer than the world can imagine.

Contrary to what most outside the United States think about Americans, a report from the Economic Well-Being of US Households says four out of every ten citizens fail to come up with $400 in an emergency.

This unusual reality about the life and living of common Americans galvanized MoneyMutual into helping people, especially those on whom banks and credit societies have shut their doors and rendered financial pariahs. These are the people who have been branded as bad credits by an obnoxious American system of credit ratings of individuals.

Now, the question is, what is MoneyMutual. Is it a lender? Does MoneyMutual guarantee personal loans to bad credits with guaranteed approvals? The answer is no; MoneyMutual is none of these. It is a free online or virtual platform that facilitates potential borrowers and lenders to come together and strike a financial deal.

MoneyMutual, set up way back in 2010, is a virtual financial marketplace having a big network of lenders who have earned expertise in lending money to bad credits. This loan facilitator plays no role in the lending process and keeps its functioning carefully limited to offering simple, quick, and secure access to lenders for free.

MoneyMutual stands perceptibly taller than all its competitors in terms of the credibility it enjoys. Its website says that it is trusted by over two million people who know that securing a loan from lenders at MoneyMutual is virtually guaranteed irrespective of their credit scores.

What amazed us most was the high degree of brand recall value MoneyMutual enjoys. We noticed how six out of every ten persons we talked to said that they would approach MoneyMutual for a loan if they would ever need one. We talked to people with bad credit scores, and they know that banks and credit societies would never consider their loan requests.

It is, therefore, more than evident that MoneyMutual is a huge brand in the parallel financial market that primarily caters to bad credits and financial outcasts. So, no discourse on bad credit loans with guaranteed approval can be complete without taking a peep at MoneyMutual.


  • At MoneyMutual, the lenders offer bad credit loans with guaranteed approval between 200 and 5,000 dollars.
  • The lenders in MoneyMutual’s network do not keep a loan aspirant waiting. They approve and disburse loans fast – usually within 24 hours of applying.
  • Applying for a loan at MoneyMutual is easy and fast. The process does not take more than a few minutes to complete.
  • MoneyMutual is a valued member of the Online Lenders Alliance.
  • It is based in Las Vegas.
  • The lenders at this financial marketplace offer personal loans to people with bad credit for almost everything and anything, including emergency expenses, holidays, unexpected bills, and much more.


  • Securing a loan at MoneyMutual is virtually guaranteed, fast and easy.
  • MoneyMutual offers its loan-facilitating service free of charge.
  • You can get loans despite your dismal credit scores for emergency expenses, for paying medical bills, repairing houses or cars, meeting vacation expenses, birthday parties, or paying rent.
  • MoneyMutual’s lender network is unarguably one of the largest in the United States.
  • The money lenders at MoneyMutual usually practice fair debt collection and abide by other American laws regarding loans.


  • It may be difficult to secure a loan from the lenders at MoneyMutual if you don’t have a steady monthly income of at least $800.
  • MoneyMutual does not offer services to people living in New York and Connecticut.

⇒ Visit the Official Website of MoneyMutual

#2. BadCreditLoans — Top Loan Lenders For Bad Credit Personal Loan


Life and living for bad credits in the United States could never have been easier without BadCreditLoans. This loan-facilitating platform has been consistent in helping people secure a loan, obtain information about debt relief, monitor their credit scores, and other financial solutions.

And that is why the image on the home page of its website is so appropriate. The image of two happy ladies in a park narrates the story of what BadCreditLoans offers.

BadCreditLoans is certainly one of the top sources to find secure personal loans. It is so because it understands the agony of people with bad credit scores. This understanding explains why securing a personal loan is simple and easy at BadCreditLoans.

BadCreditLoans, too, is not a lender. It also is a loan facilitator or a virtual financial marketplace with an excellent network of lenders with experience and expertise in offering loans to bad credits. This loan facilitator also offers to bring potential borrowers and lenders together for free.

BadCreditLoans’ lender network includes tribal and state lenders.

It usually functions in a very simple manner. A borrower’s application is sent out to lenders on its network for consideration. But, if it fails to find a lending partner for the potential borrower, it offers you other financial services, including debt relief, credit repair, and many more. If your need is to secure a loan, BadCreditLoans does not force you to buy any other services it puts on offer before you.

Facilitating personal loans for people with all kinds of credit scores isn’t the only service BadCreditLoans offers. A visit to its website will reveal the entire gamut of its activities. BadCreditLoans is essentially a socially responsible loan facilitating gateway that participates in various charity works and partakes in social events.

It doesn’t stop at its efforts to make society, life, and living in America easy for all just by facilitating loans to bad credit. It also offers valuable tips to potential borrowers on why and when to take a loan, educate people about scams of all hues, how to spend money judiciously, how to budget income so that a debtor can repay loans and clear debts with relative ease, and the importance of saving money in life.


  • You can secure personal loans between 500 and 10,000 dollars even with your bad credit score.
  • BadCreditLoans ensures fast loans. The lenders at this network approve and disburse loans within 24 hours.
  • Protects borrowers’ information using high-end data encryption technology.
  • Creates opportunities for borrowers to access its extended network of lenders.


  • At BadCreditLoans, a borrower can find personal, business, student, auto, home, mortgage loans, and many more.
  • The APR (Annual Percentage Rate) the lenders charge ranges between 5.99% and 35.99%.
  • Borrowers are given 90 days (three months) to 72 months (six years) to repay a loan.


  • Not a rewarding place for those needing a loan of more than $10,000.
  • In some cases, the borrowers’ credit history may impact the possibility of securing a loan. If a borrower has an abysmally low credit score, his or her possibility of securing a loan from lenders at BadCreditLoans can be very low.
  • The Better Business Bureau’s rating of the loan facilitator isn’t very encouraging.

⇒ Visit the Official Website of BadCreditLoans

#3.RadCredMost- Trusted Direct Lenders For Bad Credit Loans


It has not been for nothing that RadCred has featured so prominently in some of the leading American media outlets. Like Personal Loans, RadCred , too, facilitates high-value loans up to $40,000. The main priority when it comes to money is safety. When so many transactions are taking place customers often tend to question the credibility. These kinds of concerns are eliminated when the whole data is encrypted and not shared with anyone. Since there is no middle man involved the likelihood of negotiation increases. The company provides some leniency when the borrower fails to repay the money at the scheduled time.


  • It arranges fast and safe loans.
  • Borrowers receive the cash from the lenders at RadCred within 24 hours.
  • Securing personal loans from lenders at RadCred is virtually guaranteed even with bad credit scores.
  • Applying for a loan at RadCred is simple.
  • The loan portal is committed to children’s privacy.
  • It is also committed to protecting customers’ privacy.


  • It facilitates many loans, including auto loans, bad credit loans, personal loans, and student loans.
  • It enjoys the unconditional trust of its clients.
  • It Offers Direct Lenders.
  • Easy, convenient and user friendly process to avoid confusion.
  • The amount varies from $200 to $5000.


  • Bi-monthly payments

=> Click Here to view the official website of RadCred.

#4. CashUSA — Top Loan Company For Emergency Loans And Instant Cash


Are you tired of running from pillars to posts in search of a quick loan and giving up hopes of securing one? Have banks and credit societies been more than consistent in saying ‘No’ citing your credit score? We would say you have been chasing a mirage all these days and wasted your time and energy.

You ought to have approached CashUSA and received the cash you need by now, albeit with your credit score at 500. CashUSA isn’t fussy about credit scores, and neither does it bother about why you need a loan. At this place, you are sure to find loans to consolidate debt, remodel your home, or take a vacation.

A middle-aged lady we talked to about CashUSA asked if it was a lender. It is not a lender but has several lenders in its network. CashUSA is a virtual financial marketplace, a kind of gateway to money lenders having expertise and experience in lending money to people with all kinds of credit scores.

To get a loan from lenders at CashUSA, the borrower has to be at least 18 years of age and a US citizen or a permanent resident. The borrower must also have a monthly earning of at least $1,000 after taxes. The other criteria include having an active bank account, a valid email address, and a phone number.


  • CashUSA facilitates loans up to $10,000.
  • CashUSA facilitates fast loans. Lenders at this platform usually disburse the loan within 24 hours.
  • Securing a loan with bad credit scores at CashUSA is simple and easy.
  • CashUSA uses industry-standard encryption technology to ensure foolproof data and information security.
  • CashUSA also facilitates several other financial services such as debt consolidation, credit repair, etc.
  • The APR the lenders at CashUSA charge range between 5.99% and 35.99%.
  • The borrowers usually get 90 days to 72 months to repay loans.


  • CashUSA is a reliable resource for fast, secure, and easy personal loans.
  • It also facilitates small loans of $500.
  • CashUSA and the lenders on its network understand the value of time and urgency of the borrowers. And that is why they approve and disburse loans fast — within 24 hours.


  • Many feel that one eligibility criterion set by the lenders at CashUSA is rather harsh. They insist that a borrower must have a monthly income of at least $1,000 after tax.
  • The website of CashUSA is perhaps its weakest link. It contains quite a bit of information, but it does not snatch your attention by any means. It gives a rather strange feeling to its visitors.

⇒ Visit the Official Website of CashUSA

#5.Personal Loans Get Personal Loans With Bad Credit At Best Interest Rates


Personal Loans® is more than yet another bad credit loan facilitator. It is a dream maker. We have heard people saying that Americans do not need to worry about realizing their dreams with Personal Loans being around. We wonder what makes this bad credit loan facilitator so conspicuous.

Personal Loans does not offer anything different from the three facilitators discussed earlier in this article in facilitating bad credit loans. But, it certainly differs in a big way from others in taking risks. Personal Loans, unlike others, offer high-value loans. Lenders at this platform offer loans between 1,000 and 35,000. And that is Personal Loans’ biggest USP, for which it is so endearing to many Americans.

Dreams and emergencies often do not remain limited to $10,000. Some dreams and emergencies need more money to be fulfilled and managed. What would happen if you needed more than $10,000? Would you bury your dream or run away from your emergency?

You can, instead, simply apply for a loan at Personal Loans. It helps people to borrow big money for any reason. Personal Loans connects potential borrowers and lenders who are in its network. It also uses a few third-party networks in one of the easiest and most convenient manners. Therefore, securing financial assistance at Personal Loans is fast and hassle-free.

To secure a personal loan at Personal Loans, you must be at least 18 years old, a bonafide US citizen or a permanent resident of the country, have a valid checking bank account and full-time employment or self-employment, or receive regular disability or Social Security benefits.


  • Personal Loans facilitates loans and helps people seeking financial assistance for free.
  • It facilitates loans fast and very conveniently.
  • It entertains and helps secure loans for any occasion and purpose.
  • Lenders at Personal Loans offer loans at a competitive rate.
  • At Personal Loans, one can find several other credit-related products or services.
  • Personal Loans enables its clients to access its extended lender network.


  • Personal Loans facilitate high-value loans. People in need of more money can secure loans between 1,000 and 35,000 dollars from lenders at this loan portal.
  • The lenders at Personal Loans charge industry-standard APRs that range between 5.99% and 35.99%.
  • This loan-facilitating portal uses advanced encryption technology to protect customers’ information.
  • Loan requests are processed and approved, and cash is disbursed within 24 hours.
  • Borrowers are usually given 90 days to 72 months to repay the loan taken.
  • The lenders at Personal Loans are always ready to make new repayment arrangements if a borrower faces difficulties in repaying.
  • You can secure a high-value loan of $35,000 through peer-to-peer loans and personal installment loans.
  • It arranges a high-value loan of $35,000 if the borrower’s credit score ranges between 580 and 600 at least.


  • Many find one eligibility criterion the lenders at Personal Loans insist upon. The lenders insist that a borrower must have a proven income of at least $2,000 to be eligible for getting a loan, especially bad credit loans.

⇒ Visit the Official Website of Personal loans.

How We Made This List Of Online Loans For Bad Credit

Within the digital sea teeming with online loan companies, it’s hard to decide which ones are good and, more importantly, trustworthy. These companies claim to have the lowest interest rates, exceptional service, and ethical practices.

But the ugly truth is that most of these claims are lies or half-truths. Despite that, there are diamonds in the rough. To separate these diamonds from the coal, we used a stringent selection process using a variety of parameters that tested all the important aspects of an online loan company.

We started with a rather long list but eventually narrowed it down to five. We have made a list ordered from best to worst. But, each company is awesome in its own right. The parameters that we used to make this list are:

#1. Guaranteed Approvals Despite Bad Credit Scores

The purpose of this article is to highlight companies that guarantee loans to individuals with a bad credit score. Hence, all five listed companies will give no importance to your credit score. As long as you are employed with a stable monthly income, you are eligible for short-term loans.

#2. Interest Rates

It’s important to know that these online companies don’t offer loans themselves. Instead, they act as a mediator between you, the loan seeker, and several moneylenders in your area. While they don’t set the loan terms, which include interest rates, the lenders affiliated with our chosen companies are known to charge equitable interests. Since these are short-term loans and the lender risks by guaranteeing it to an individual with bad credit, the interest rates are higher than bank loans.

#3. Flexible Loan Amount

Our chosen five companies offer short-term guaranteed loans from $200, all the way up to $10,000. Unlike banks, online companies cannot give loans higher than this amount due to security reasons and uncertainty of return. These loans are designed to be used in emergencies or if you are in sudden need of a few thousand bucks. For that purpose, these loans are pretty good.

#4. Transparency

Unlike most online loan companies, our top five follow ethical codes and practices. They will not use unfair debt collection practices, withhold loan terms, or try to trap you into debt. Why believe us? Because these companies are strict adherents of US legal standards like the Fair Debt Collection Practices Act, the Dodd-Frank Wall Street Reform Act, and the Truth in Lending Act (TILA).

#5. Security

Since loan companies have access to your personal information, keeping such information secure is imperative. Should your bank account details, residential address, or social security number get stolen, there is a high risk of identity theft. Thankfully, these companies in this list have solid cybersecurity, guaranteed by reputed third-party cybersecurity specialists shown on the websites.

#6. Customer Reviews

We studied a lot of customer reviews for each company before concluding on what the top five companies should be. Not only did we emphasize a high review score, but also what was written in those reviews. We don’t get misdirected by dummy reviews and give more weight to genuine, well-composed, in-depth customer reviews.

#7. Loan Repayment Policies

Our chosen companies have easy loan repayment methods that are hassle-free and quick. Complicated repayment requirements are usually a sign of shady companies. Such policies are made to confuse and misdirect customers, so they miss their deadline, and the lender can keep charging late fees. Thankfully, that is not the case here.

How To Get A Personal Loan With Bad Credit

Ever since loan companies have started to emerge online, the number of such companies has been steadily increasing. With around 11% of Americans having a bad credit score, there is a sizable market size to tap into.

As of now, the internet is chock full of loan companies vying for customers with bad credit scores. But the ugly truth is that the vast majority of such companies are just looking for gullible and desperate people with bad credit so they can give them a raw deal, or worse, trap them in a never-ending cycle of debt.

That’s why we designed this guide specifically for individuals with bad credit scores so they can use it to find a suitable loan online. Whether you are going for our listed companies or some other company, you should strongly emphasize these points when looking for a direct lender for a loan with guaranteed approval online.

  • Guaranteed Approval Even With Bad Credit

For whatever reason, your credit score has fallen so low that banks or even other money lenders are not processing your loan application. You are in dire need of this loan, and you can’t take chances unless the loan is guaranteed. So before you delve any deeper into your research, ensure that the companies you look into offer guaranteed loans and don’t care about your credit score.

  • Loan Terms

Read through all terms and conditions on the website. Once your loan is approved, you will get a notification from a lender who’ll give you the loan terms. Review it carefully multiple times before accepting it. Important parts include interest rate, loan amount, repayment option, deadlines, consequences for delayed or non-repayment, etc. Understand that you are obligated to accept an approved loan if you don’t like the lender’s interest rates For example, online loan companies aren’t money lenders. Instead, they are loan facilitators who will connect you to local moneylenders affiliated with the company. Because the loans are guaranteed, don’t consider your FICO score and are generally short-term in length with a max amount of $10,000. You can expect annual interest rates to be somewhere between 22-25%. But if a lender is asking for more than a 35% interest rate, then decline that loan immediately. It’s a blatant attempt to fleece you with an outrageous interest rate.

  • Proper Documentation

Keep all required documentation at hand before you submit your loan application. The documents you need include proof of US citizenship (passport, birth certificate, etc.), permanent residency (green card), and a government-issued ID such as your passport or driver’s license. You will also need your bank account details and proof of employment at hand.

  • Loan Amount

Check if the company offers the amount of money you need. Most online loan companies offer between $200-10,000 for short-term loans, especially guaranteed ones involving bad credit. These loan companies usually have a hard cap of $10,000. If you need more money, you need to take out multiple loans.

  • Fees

The best bad credit loan platforms don’t charge anything for the service of connecting you to moneylenders. The lenders have to provide the fees for the privilege of tapping into a large consumer market. If a company charges you fees for facilitating your loan, it’s a good idea to back out. Chances are, the loan terms will be equally bad.

  • Security

While submitting a loan application, you will have to provide your residential address, phone number, social security details, and bank account information. Given such info’s sensitive and private nature, they must stay protected. Should your personal information get leaked, it could have devastating consequences like identity theft. So make sure that the company has excellent cybersecurity. If the company is well protected, it will have logos that secure it, such as Norton. Do check if the cybersecurity provider is reputed or not.

  • Customer Reviews

Go over multiple customer reviews for each loan company you are considering. Don’t just skim over the review score; read the review! More often than not, customer reviews have good information about the company that you may not find on their website. Past experiences of other loan seekers can give you a good idea of what kind of experience you are likely to have as a potential loan seeker.

  • Fair Practices

You want to avoid shady companies and lenders trying to set you up with a bad loan or trap you into debt. Even if the loan amount and interest rates are fair, sometimes repayment methods can be complicated or involve distasteful methods like the company sending debt collectors to your door for even a single delayed payment. It’s also important that the company operates within the purview of American law.

Do verify that the company follows US financial and legal codes such as the Truth in Lending Act (TILA), Fair Debt Collection Practices, Dodd-Frank Wall Street Reform Act, etc.

  • Speed of Approval

The best online loan companies always get your loan approved and processed in 24 hours or less during business days. Once you submit your loan application, it’s instantly sent to multiple lenders who review and notify you via email or SMS. As soon as you review the loan terms and accept, you can expect the money to be in your account on that same day. So why settle for less and let your application gather dust for weeks?

Frequently Asked Questions About Bad Credit Loans

Q1: Is my loan approval guaranteed?

A: Yes. These loans are tailored for individuals with bad credit scores. The companies merely need your personal information and require a steady monthly income of around $800. This income usually comes from a job but can also be from other sources like social security.

Q2: How does the system work?

A: You can fill out a simple online form on the company website. The form will ask for your details, and it will take about five minutes to fill it out. Once you submit, your application gets sent to multiple moneylenders in your area. One or more of them will review and likely accept your application. You will then get notified of this via email or phone, and once you agree to the loan terms, the money gets wired to your bank account. Any further communication will be directly between you and the lender, not the company, from that moment on.

Q3: How long will it take to approve my loan?

A: The whole process takes about 24 hours on a business day. If you apply for a loan on weekends or during holidays, you will have to wait for the next business day for your application to get processed.

Q4: How can I use my loan?

A: You can use the loan in many ways, such as paying for rent, mortgage, repairing your house or car, paying medical bills, etc. You can also use the loan to cover expenses for vacations, parties, gifts, etc.

Q5: What are the requirements to get a guaranteed loan?

A: You have to submit the following information.

  • Your full legal name
  • Proof of United States citizenship or permanent residency permit.
  • Your residential address, phone number, and email.
  • Proof of employment or monthly income from other sources. You will also need to provide the contact details of your employer if you are employed.
  • Bank account details. You need a checking account to get a loan. A savings account will not do.
  • Your social security number

Apart from these, individual money lenders could ask for additional information.

Q6: How much can I borrow? What is the interest rate?

A: You can borrow between $200 to $10,000. Interest rates are usually between 22-25% annually but are ultimately decided by the lender, not the company.

Q7: What will happen if I default on my loan repayment?

A: You will likely suffer additional fees and fines. If you keep defaulting, you may have to face debt collectors at your door, but they will follow the legal and fair debt collection process as per US law. If you suspect that you might be late in your payment, contact your bad credit lender and inform them immediately of your situation. If this is a one-off incident or a valid issue, the lender may let it slide.

Loans For Bad Credit – Final Thoughts

You are not alone in your financial distress. Over 11% of Americans suffer from the effects of bad credit. While banks have closed their doors, other avenues are available.

Best no credit check loan companies are offering guaranteed loans to people with bad credit scores. These short-term loans offer $200-$10,000 at fair interest rates.

The five companies on our list are the best in terms of flexibility, interest rates, and probability of getting the loan you want. As long as you have a stable source of monthly income, you can get this loan in less than 24 hours. So get your no credit check loan today!

Use these loans on anything: medical bills, house repairs, car repairs, rent, mortgage, even vacations, parties, or gifts for a special occasion. Now you don’t need to sacrifice your dignity by borrowing from friends and family.

Our guide to securing a guaranteed loan has all the tips and tricks you need to keep yourself safe from loan sharks, debt traps, and other kinds of shady companies looking to give you a bad loan or run a scam. Check for the robustness of a loan company’s online security. You don’t want your private data compromised. The FAQ section should answer most of your questions regarding online, short-term loans.

If you choose such payday loans, you should prioritize repaying them on time. Not only are you going to avoid any unpleasant legal backlash, but you can also rebuild your credit score with timely repayments. So don’t let your credit score control your finances. Get your loan approved, today!

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