When money is running short, we are often reminded that when it rains, it pours. Your personal credit score may be in tatters, and you needed a cash fix yesterday, not today or tomorrow.
Personal loans for bad credit or payday loans like MoneyMutual promise to cover you on both accounts - your credit score and the approval speed.
But how can you obtain payday loans for bad credit? Are there specialized companies that offer bad credit loans with guaranteed approval?
We have answers.
In fact, we've carried out detailed research to find out the best personal loans with guaranteed approval.
Several platforms out there act as lending marketplaces that can match you with the best lenders, even if you have a bad credit score.
Let's get to our top picks first.
Bad Credit Personal Loans Guaranteed Approval:
- MoneyMutual - Best bad credit loan overall
- CashUSA - Highest credit loan coverage in the US
- BadCreditLoans - Finest educational resources
- Funds Joy - Great interest rate for bad credit loans
- Zippyloan - Excellent for low online loan amounts
- PersonalLoans - Fast personal loans
- 24/7DollarLoan - Get quick cash for bad credit
- 24/7CreditNow - For higher loan amounts
- LendingTree - For multiple loan purposes
- Upgrade - Best customer service
1. MoneyMutual - Best Bad Credit Loans With Guaranteed Approval
- Easy access to lenders
- Funds available in up to 24 hours
- Offers loans for bad credit
- Easy to use platform
- Quick application process
- Interest rates aren’t disclosed upfront
MoneyMutual is a loan marketplace platform that connects borrowers with lenders online. With it, you can borrow from $200 to $5,000. The best part is that the money can be made available in your bank account in as little as 24 hours.
Here's how it works.
On the MoneyMutual website, you can submit your information with the help of a 5-minute form.
Lenders instantly review this information, and if a lender finds they have an offer for you, you will be redirected to their website to proceed with the approval process.
MoneyMutual claims to have helped over 2,000,000 customers, which, among other things, is the reason why we chose it as our number #1 pick for bad credit loan providers.
MoneyMutual Service Overview
MoneyMutual offers additional perks for those seeking a bad credit loan. Here are some features you might find interesting.
Flexible loan fees and repayment
Because MoneyMutual is a lending marketplace, it can easily match you up with different lenders with more flexible fees and repayment conditions.
It is worth mentioning that MoneyMutual is absolutely free of cost - you will only be charged interest rates and fees from your borrower, not from MoneyMutual.
Comprehensive educational resources
Get access to educational resources through the MoneyMutual website and find information on payday loans, cash advance loans, as well as a comprehensive bad credit loan guide.
Returning Customers section
For customers using MoneyMutual for the second (or third) time, the platform offers a Returning Customers section that makes the entire process much smoother.
MoneyMutual securely stores customers' information based on previous sessions, which reduces the number of steps you need to go through when finding your next loan.Get easy loans with guaranteed approval on MoneyMutual
2. CashUSA - Fast Online Loans for Bad Credit
- Up to $10,000 available
- Works in all US states
- Receive a decision in minutes
- Smaller loans available
- Deposits can take up to 1 business day
CashUSA is one of the country's most trusted resources for cash loans. It works as a lending marketplace platform, which connects borrowers to lenders in a few easy steps.
Users must fill in a 5-minute form on the CashUSA website, and the platform will connect users to a broad lenders network. After that, pick the best offer, and you'll have your money in your account in no time.
CashUSA Service Overview
What we really enjoy about CashUSA is that it offers all the resources you need right from the get-go. You can easily find information on interest rates and loan terms on the CashUSA homepage.
CashUSA does not charge fees for loan submissions. However, CashUSA discloses upfront that their lenders' network's APR (Annual Percentage Rate) can vary from 5.99% to 35.99%.
CashUSA is not a lender per se, so loan terms will also vary from lender to lender depending on your offer. However, CashUSA discloses that the loan terms range from 90 days to 72 months.
CashUSA also offers comprehensive educational resources. You can access information on credit, finance, debt, and banking through their website. Get your bad credit loans on CashUSA today
3. BadCreditLoans - Best Educational Tools for Bad Credit Loans
- Loans up to $10,000
- 24/7 loans available
- Fast loan decision time
- Loans for poor credit score
- Not many customer reviews
BadCreditLoans is an online lender marketplace platform where users can apply for online bad credit loans. It is an intuitive, easy-to-use platform that hooks you up with multiple loan offers in less than 5 minutes: all you need to do is submit your information through the BadCreditLoans website.
BadCreditLoans is free - you won't have to pay a cent for submitting your information. However, the website discloses upfront that it may be compensated for sharing your information and marketing non-loan products.
BadCreditLoans Service Overview
BadCreditLoans fully discloses the most sensitive information you might need before you seal the deal with any of their lenders. Here's the most relevant information you might want to look into.
BadCreditLoans is not a lender, so interest rates will vary according to the lender you pick. The same goes for your credit score and the type of loan you apply for. However, it discloses that a personal loan from a network lender can vary from 5.99% to 35.99% APR.
Like interest rates, loan terms can vary according to the lender. Even so, repayment terms can vary from 90 days to 72 months.
BadCreditLoans offers one of the most comprehensive educational resources. You can find information on loans, credit loans, business loans, student loans, auto loans, home loans, and mortgage loans, as well as a full set of scam-alert content.
4. Funds Joy - Best Interest Rates for Guaranteed Installment Loans for Bad Credit
- Lower interest rates
- Quick and easy submission request
- Reputable service
- Easy to use platform
Funds Joy Cons
- Up to $5,000 loans only
About Funds Joy
Funds Joy is a lender marketplace platform where you can find poor credit loans with guaranteed approval.
It is an intuitive, UX-friendly platformwhere you can pick a personal loan offer from over 60 lenders in just a few minutes.
Funds Joy Service Overview
Funds Joy discloses its interest rates range upfront, which can vary depending on the lender and loan type.
For personal loans, APRs range from 4.99% to 450%. These values go from 200% to 1386% for cash advance loans, while installment loans usually carry 6.63% to 225%.
You can easily find all the information about FundJoy in the disclaimer section on their website to ensure you make a safe call before applying for a loan.
5. Zippyloan - Best Small Loans for Bad Credit
- Up to $15,000 loans
- Loans as low as $100
- Great for personal loans
- Accepts bad credit scores
- Does not disclose interest rates upfront
Zippyloan is a platform that easily connects borrowers with a wide range of lenders for online bad credit loans with guaranteed approval. Simply fill in a 5 to 10-minute form and instantly receive a loan offer.
Zippyloan Service Overview
ZipplyLoan is a member of the Online Lenders Alliance (OLA). This should demonstrate that the company is committed to the highest standards of conduct and dedicated to protecting consumers from fraud.
APRs will vary from lender to lender, but they usually range between 12% and 35.99%.
Simple and secure form
To submit a request for a personal loan, users only need to provide their full name, address information, and income information. That's all.
6. PersonalLoans - Fast Personal Loan Approval
- Up to $35,000 loan amount
- Competitive interest rates
- Easy access to a wide lender network
- Offers loan guides
- Personal information required
PersonalLoans is a bad credit loan marketplace platform. It quickly matches borrowers with poor credit scores with a wide range of online direct lenders within their network.
This allows the users to pick the best offer for various loans for any occasion - be it for funding, emergency, home improvement, or something else.
PersonalLoans Service Overview
Extended lender network
Easily access a wide lender network by filling out the form on the PersonalLoans network.
PersonalLoans also offers credit-related products and services, which can be very helpful for many users.
Multiple loan guides
PersonalLoans provide content on bad credit, fast cash, debt consolidation loans, emergency loans, home improvement, online loans, tax loans, and payday loans.
There are several helpful articles available on their website that can help you make the best financial decision possible.
7. 24/7DollarLoan - Best for Quick Cash for Bad Credit
- Quick and easy submission process
- A good option for bad credit
- Certified member of the Online Lenders Alliance
- Up to $1,000 loans only
- UX can be uneven
24/7DollarLoan is a bad credit marketplace platform that connects users looking for quick cash on a lender network. With 24/7DollarLoan, you can submit your application in under 3 minutes and receive offers instantly.
24/7DollarLoan Service Overview
The company is a certified member of the Online Lenders Alliance (OLA), which guarantees its legitimacy and commitment to security.
Comprehensive content and information
24/7DollarLoan offers all the information you might need on APRs, implications of non-payment, renewal policies, and Frequently Asked Questions.
Opt-out of selling personal information
The lenders' marketplace allows you to stop the sale of your personal information by simply providing your email through the website.
8. 24/7CreditNow - Best Bigger Online Loans for Bad Credit
- Loans up to $35,000
- 2-3 minute process
- Informative FAQs on website
- Doesn't disclose interest rates upfrontCan be difficult to navigate
24/7CreditNow is a platform that operates as a lending marketplace: it easily connects borrowers with lenders online. With 24/7CreditNow, you can get up to $35,000 loans, even if you have a poor credit score.
24/7CreditNow Service Overview
24/7CreditNow is a certified Online Lenders Alliance (OLA) member. You can rest assured knowing that you are working with a company that is committed to the highest standards of conduct.
Comprehensive content and information
You can find plenty of information on rates and fees, Frequently Asked Questions, and customer testimonials on their website.
9. LendingTree - Best Variety of Bad Credit Loans
- Over 20 years of experience
- Great for auto loans
- Wide loan options available
- No information on the maximum loan limit
- Login required
LendingTree is a trusted lending marketplace with over 20 years of experience. It quickly and safely connects borrowers to over 300 direct lenders within minutes.
LendingTree claims to have helped over 11 million customers and approved more than 3 million loans. With these references, you can trust it as a veteran platform that could help you get that bad credit loan you need.
LendingTree Service Overview
LendingTree discloses the applied interest rates right from the get-go: you can easily check them on the website's homepage or app.
A comprehensive set of services
With LendingTree, you can access information on mortgages for refinancing, home equity loans, credit cards, reverse mortgages, mortgage calculators, personal loans, auto loans, free credit score, insurance, and student loan refinancing.
You can also do this by using their user-friendly app.
10. Upgrade - Best Customer Service
- Up to $50,000 in personal loans
- Positive customer reviews
- The minimum loan amount starts at $1,000
- Must disclose information on loan purpose
Upgrade is an American neobank founded in 2016. It offers a comprehensive set of services, including bad credit loans online of up to $50,000.
Upgrade allows borrowers to apply for a loan, check their rates within minutes, and then pick out the best loan offer for their needs.
Once the offer is accepted, the money will be in your account no longer than a day after getting the necessary verifications out of the way.
Upgrade Service Overview
Singe monthly payments for personal loans
With Upgrade, you are able to choose the monthly payment that fits your budget.
Fixed-rate and terms
The company allows you to pick the terms that best fit your needs.
Why Are These Sites a Good Choice?
If you are looking for bad credit loans with guaranteed approval, a lending marketplace is the best place to find the right match for you.
Instead of aimlessly visiting random loan websites, making inquiries that can harm your credit score, and running the risk of not even having your credit approved, you can visit these marketplaces and receive a loan offer within a few minutes.
One of the perks of using these websites is that they do not run a credit check, so there will be no harm to your credit score. Instead, they simply provide you with a list of bad credit loans with guaranteed approval.
Best Bad Credit Loans With Guaranteed Approval - What to Consider:
To decide which platforms would qualify as the best bad credit online lenders, we checked if every one of them met 5 essential criteria:
- Turnaround time: When in need of quick money, in most cases we don’t have time to wait too long. We’ve checked how fast a loan request is approved and when borrowers would get the money in their account.
- Credibility: There are tons of scams out there, so we wanted to make sure that all marketplace lenders we’ve added to this list are legit.
- Focus on bad credits: Is there something more annoying than having to apply for a loan, pass through a demanding inquiry process, and still get a rejection? Most of the lenders' marketplace listed here cover bad credit scores.
- Customer reviews: It doesn’t matter how credible a company can be; if they don’t provide at least decent customer service, we avoid listing them.
- Safety: Most of the companies listed here work with encrypted technology to protect users’ data and are members of the Online Lenders Alliance (OLA).
Bad Credit Loans Guaranteed Approval - FAQs
Do bad credit loans with guaranteed approval exist?
Best bad credit loans with guaranteed approval do not exist in the sense that nothing is truly guaranteed.
While you can indeed get a loan when you have bad credit, you cannot be dead sure about it. A credible lender will not guarantee you a loan right from the get-go because there is too much risk involved.
You will likely face a soft credit check when you apply for a loan (which can impact your credit score), so direct lenders can decide whether to give you money or not.
What can I use my bad credit loan for?
If you are applying for a bad credit personal loan, you can use your bad credit for anything you want. It can be for that vacation you've been dreaming of, home improvements, and even your wedding.
What bank approves loans with bad credit?
There are a number of banks that can approve your loans with bad credit. Some include Upstart, OneMain Financial, Avant, and LendingPoint.
How fast is it to get hardship loans for bad credit?
It can take as little as 24 hours to get bad credit payday loans when using a lending marketplace platform.
Simply apply through the marketplace's form, and you will receive several offers from their lenders' network. Once you accept a request, the money can be made available in your account within one business day.
What happens if I can't give back the money I borrowed?
Keeping up to date with your commitments is crucial for your financial health.
However, you can expect late fees or penalties, wage garnishment, and a credit score drop if you find yourself without the money to repay your loan.
So make sure you can service your future loan debt before accepting an offer.
What are alternative options to bad credit loans for borrowers with a poor credit score?
Borrowers with poor credit scores can resort to lending marketplace platforms such as MoneyMutual, CashUSA, BadCreditLoans, and others on our list.
You can easily apply through the forms available on the platform's homepage and get an offer within a few minutes.
Best Bad Credit Loans Guaranteed Approval - Conclusion
Lending marketplace platforms are an excellent resource for online borrowers looking for bad credit loans. They are simple to use and can match you with more than enough offers in just a few minutes.
We also understand that life doesn't always go according to plan, nor doesn't your credit score. So we carefully drafted this list of the best platforms for bad credit loans so you can turn the tables on your financial emergency.
Once we did that, MoneyMutual emerged as the best all-around platform for securing this type of loan.
Most of these websites are user-friendly and intuitive, making applying for a loan quick and easy.
In the majority of cases, all that it takes is a quick sign-up through the website's form. After that, the website will match you up with several bad credit direct lenders, and you are left with simply picking the best offer that suits your situation and needs.
Even better, you can have the money in your account within 24 hours after the loan approval.
Are you now convinced that a poor credit score is not the end of the world and an obstacle to fulfilling your dreams?
DISCLAIMER: Make sure to use these services responsibly to avoid attracting heavy debt. Opinions expressed within the content are solely the authors. Does not constitute advice.