Best Bad Credit Loans: Guaranteed Approval – Get Money Fast
Guaranteed things in life are rare, so you should grab them when you can. If you have bad credit but still need a loan, something with guaranteed approval is just what you need.
By “guaranteed” approval, we mean lenders who have flexible credit requirements. You may notice while reading that some of these lenders are better known than others. However, everyone has their reasons for ending up on our list.
For those with a blemished credit history, you can try one of the best loans for bad credit in this guide. Before we dig in, however, we want to address the biggest benefit of using one of these lenders.
Even if you have bad credit, this can be the way to start your credit repair. Taking out a loan will be added to your credit history – so it can only get better from here!
Likewise, you will need to understand how a process like this works. None of the companies we recommend will ever be a scam or fraudulent. However, they may charge higher interest rates than other lenders.
Throughout this guide, we’ll cover the features, pros, and cons of each lending network. By the end, you’ll have a powerful set of recommendations, along with the know-how to choose between them. Now, let’s dive into our full list of which lenders are more lenient with bad credit.
Major bad credit loan companies include:
Although PersonalLoans is free to sign up and apply, it’s not the best known on our list. Of our lender recommendations, it may have the fewest consumer reviews.
Newer to the lending world, what it lacks in reputation it makes up for in perks. With a quick and easy application process, you can get your loan money within hours. The platform boasts that you can get direct deposit the next day after your loan is approved.
The best part is that they work with users who have damaged or bad credit. Whatever the reason, the company understands that everyone deserves another chance. It’s a great company to start on the road to credit repair and a better credit rating.
- Free to register and apply
- Quick, short and easy application process
- The secure online form guarantees the safety of your information
- Their network of lenders is wide and diverse
- Works with poor credit users
Rapid1k.com – Ideal for quick deposits
When you have bad credit, you don’t want to make it worse by adding multiple credit applications to your history. It is preferable to choose a network and send only one application. Alternatively, some users choose to choose loan companies that only do a soft credit check.
Instead of trying to get approval from countless companies, lenders might be pre-qualified to contact you. With Rapid1k.com, they bring you a network of lenders ready to approve you.
As with a few other lending companies, you can see your funds the next business day with Rapid1k.com. Reliable and efficient, they make it easy to apply for and obtain a loan for bad credit. Everyone’s situation is different, which is why you deserve a network of lenders tailored to approve you.
Although they can help in a pin, the network offers a loan limit of up to $2,500. If you’re looking for a bigger sum at a time, you might want to keep reading. However, it is free and easy to apply for this platform.
- Free and secure app
- Short and easy to fill out application form
- A loan approval decision can be made in minutes
- Direct deposit can be reached the next business day
- Loan limit up to $2,500
BadCreditLoans.com – Best Overall Bad Credit Loan Company
One company that has been in the game for over 20 years is BadCreditLoans.com. While they may not have the best APR per loan, what does the bad credit lender do? It also depends a lot on your credit. Their APR can vary from 5.99% to 35.99%.
They offer loans between $500 and $5,000 which is generous for users with low credit. Their loan terms also vary, so you can choose between 3 and 36 months to pay off your loan. All in all, this is an interesting loan company to apply to.
Plus, they have a simplified 3-step process for applying. Once you have applied for a loan, you can view the offers lenders have for you. You’ll spend some time going through all the offers, and then you’ll sign a contract that suits your needs! The money is deposited after 24 hours.
- With just one app you are connected to their entire network of lenders
- Direct deposit can reach your bank account in less than 24 hours
- Very flexible credit requirements
- The company has been in the lending business for over 2 decades
- They offer an easy 3-step application process
- Loan limit up to $5,000
ZippyLoan – Best with the guarantee of a co-signer
Perfect for borrowers with low credit scores, ZippyLoan knows how to take care of its users. They prioritize the ability to repay a loan request, which is a huge plus for you. Although the rates can be high, they have a much easier acceptance rate than many other lenders.
Plus, they have a higher loan limit if you need a larger amount of money. Their loans range from $1,500 to $20,000. If you’re looking for a smaller sum, you might want to check out one of the other loan companies in our guide.
Overall, ZippyLoan is ideal for those who like flexibility. With an option to choose your payment date and different offers available, they try to accommodate all needs. They also have next day and even same day deposit options depending on how quickly you are approved.
One important factor that we have noticed that some of the other lenders do not have is their resources section. So that you don’t get caught off guard or misinformed, they have educational resources online. We appreciate this extra touch so that their users feel more informed and confident about their loan decision.
- No minimum credit score to apply and be approved
- If you can add a co-borrower or include collateral, you can lower your APR
- Receive funds quickly, in as little as 24 hours
- Soft credit check to pre-qualify, but they report your payments to all three credit bureaus
- The loan ranges from $1,500 to $20,000
Now10k.com – Ideal for limited credit history
As the name suggests, Now10k.com makes it easy to get up to $10,000 fast. The company brags that they only need you for a few minutes and your banking information. Although it might sound a little fishy, they say it to reassure you that your credit doesn’t have to be involved.
When you are approved, your payments may be reflected on your credit history. To be approved, however, they do not need credit information. If you have poor credit but need a loan fast, this is a solid option to choose.
They also have an accelerated online loan process that makes it easy to get approved. Overall, Now10k.com is a viable choice for those who need flexible approval.
Since everything is done online, the application process is simple, easy and only takes a few minutes. Then the funds can be deposited into your bank account the next business day.
- Fast approval decisions even for bad credit
- Access a network of lenders across the country to easily find a match
- Money can arrive in your bank account the next business day after loan approval
- The online application form is quick and easy.
- Loan limit up to $10,000 as the name suggests
Lendafy.app – Ideal for quick approval
Lendafy offers more than just options for those with poor credit. It’s an app that works with all types of credit to make it fair for everyone. After applying, they boast that you can get loan approval in just 2 minutes.
Unfortunately, the app does not offer service in Arizona, Connecticut, Georgia, Massachusetts, Maryland, New York, Pennsylvania, Vermont, or West Virginia. It’s still a huge network across the country, though.
The company offers loans of up to $10,000, making it a valid option for many users. Alternatively, for those who don’t need much, their minimum loan starts at $100. If you have a job and meet minimum income requirements, getting a loan is easy with Lendafy.
- Can get an approval decision within 2 minutes of request
- Flexible credit requirements to make it easier for people with poor credit
- Loans start at $100 for those who don’t need to borrow thousands
- Direct deposit can hit the next business day after loan approval
- Loan limit up to $10,000
Upstart.com – Ideal for larger loan amounts
Finally, we have Upstart, one of the best-known names in the industry. Although they haven’t been in the game for long, they have certainly built an exemplary reputation. Their loan limits start at $1,000, going all the way up to $50,000.
Unlike other lending companies, they also have longer payment terms. Pay off your loan in 3 or 5 years instead of struggling to pay it off in less than 24 months. Additionally, there is no minimum annual income required by many other lenders.
However, it may not be the best option if you have less than a certain credit score. A minimum credit score of 600 is preferred. For users with damaged credit who still meet this minimum, Upstart might be the answer.
Overall, the company is an attractive option for someone with bad credit to consider. With such a wide range of loans, Upstart could help you change your financial situation completely. As with many of the other lenders on our list, you can also receive money in as little as 24 hours with their next day deposit.
- Payment term of 3 or 5 years, facilitating repayment over time
- Can receive money in as little as 24 hours with direct deposit the next day
- There is no minimum annual income requirement specified anywhere
- A minimum credit score of 600 is preferred for this lender
- However, loan limit of $1,000 to $50,000
Now that we’ve shown you the best loans for bad credit, we hope you can see the pure opportunity available. Even with a damaged credit history, you can return your credit to one of these lenders.