Best Personal Loans for Bad Credit – Get a Loan with Low Interest Rate

Best Personal Loans for Bad Credit – Get a Loan with Low Interest Rate

MoneyMutual - Up to $5,000 / Min Credit Score: 0 / 5 Minute Approval / Rating: 4.9/5.0 - Best Overall

ZippyLoan - Up to $15,000 / Min Credit Score: 0 / 5 Minute Approval / Rating: 4.8/5.0 - Best for Quick, Instant Approval, Same Day Approval

Upstart - Up to $50,000 / Min Credit Score: 0 / 5 Minute Approval / Rating: 4.7/5.0 - Best for Poor and Fair Credit

MarketLoans - Up to $40,000 / Min Credit Score: 0 / 5 Minute Approval/ Rating: 4.6/5.0 - Best for Bad Credit, High Amount, Low Interest Rates

100Lenders - Up to $40,000 / Min Credit Score: 0 / 5 Minute Approval / Rating: 4.4/5.0 - Best for Personal Loans with Low Credit

With this guide, expect one of the most comprehensive guides on personal loans for bad credit available today. In addition to the best personal loans for bad credit, we will discuss all loans available for bad credit borrowers, including 0% interest cash advance apps, payday alternative loans from credit unions, and explain the differences between direct and non-direct lenders.

Rest assured that this guide will be one of the more informative bad credit loan guides you have read, with tons of helpful information. Best ways to boost your credit score? We also have that covered.

Keep reading to learn more about the best personal loans for bad credit, including what personal bad credit loans are, how to get the lowest interest rate, where to apply/not apply, the relationship between direct/non-direct lenders, and a word on secured, unsecured and cosigner loans.

Before we move on, here is a video that explains personal loans for bad credit:

 MoneyMutual

Rating: 4.9/5.0

Amount: Up to $5,000

APR: Up to 35.99%

Min. Credit Score: 0

Approval: 5 minutes

Las Vegas-based MoneyMutual is an online marketplace connecting bad credit borrowers with reputable lenders offering competitive rates and terms.

With MoneyMutual, participating direct lenders are willing to offer bad credit loans from $250 up to $5,000 at favorable APRs below 35.99%. In addition, we appreciate its speed and convenience with a quick five-minute online application form. Once your loan request is submitted and approved, expect to be matched with multiple lenders, cutting down on the time needed to research each one individually.

Another benefit to using MoneyMutual is its advanced encryption and data protection measures which safeguard user privacy. With bank-level 256-bit encryption and membership in the Online Lenders Alliance, MoneyMutual adheres to best practices around responsible lending, offering a greater level of transparency than local cash advance places.

We recommend MoneyMutual as your one stop shop for the best personal loans for bad credit with low interest rates and quick, instant approval.

How to Apply:Everything about the MoneyMutual bad credit loans application process is easy and transparent. To start, visit the homepage and click the bright orange "Get Started" button. From there, you will be prompted to enter your state of residence before answering a series of questions, including desired loan amount, contact information, and depositing instructions for funds to be disbursed. Expect to take at most 10 minutes to complete an application with competitive loan offers on the way.

Eligibility:

• Age requirement: Must be at least 18 years old
• Citizenship/Residency: Must be a US citizen or permanent resident of the United States
• Minimum income: Monthly income should be at least $800
• Required information: Valid email, home address, and bank account
• Exclusions: Not available for residents of Connecticut

Highlights:

• Borrow between $200 and $5,000
• Competitive rates up to 35.99%
• Excellent source of no credit check, bad credit loans
• No origination fees or prepayment penalties
• Flexible repayment terms up to 5 years

Fees:

• No origination fees or prepayment penalties
• Late and insufficient funds charges depend on the specific lender

Pros:

• Loan amounts: Borrow between $200 and $5,000
• Competitive APRs: Rates up to 35.99% are available
• Quick application: Complete in less than five minutes
• More than 2 million customers to date
• Proud member of the Online Lenders Alliance (OLA)

Cons:

• Bad credit loans available to Connecticut residents
• Limited loan options other than unsecured personal loans
• No guarantee of loan approval or your desired loan amount
• Maximum borrowing limit of $5,000

Terms: MoneyMutual is an online lending network connecting borrowers of all credit types with several loan products and services, including but not limited to bad credit installment loans and instant cash advance loans. It issues loans from $200 to $5,000 with Annual Percentage Rates (APRs) up to 35.99% (some exceptions apply). As MoneyMutual is not a direct lender, all fees (origination, prepayment, late, insufficient funds, and rollover/extensions) are determined by each participating lender on the platform. Your direct lender is not guaranteed to issue your desired loan amount, as each adheres to its underwriting criteria.

To get an idea of the types of interest charges (APRs) and fees to expect, consider the following: A 19% APR, $3,700 loan with a 1-year repayment term and no additional finance charges will result in a total payment of $4,091.75 ($391.75 in interest charges) with estimated monthly payments of $340.98.

 ZippyLoan

Rating: 4.8/5.0

Amount: $100 — $15,000

APR: 12% to 35.99%

Min. Credit Score: 0

Approval: 5 minutes

Are you looking for a quick $2,500 to cover an unexpected hospital bill? What about $3,000 towards the cost of a replacement air conditioner? If so, ZippyLoan is ready to finance your purchase.

Lenders on ZippyLoan offer bad credit loans anywhere between $100 to $15,000 with competitive rates and terms, unlike traditional payday, auto title, and pawn shop loans. There are no 400% APRs here. Instead, borrowers enjoy competitive rates (sub 35.99%), flexible repayment terms, and no origination or prepayment penalties which do nothing but pay for lender staff and administrative costs, which is of no concern to you.

Another benefit to using ZippyLoan is its transparency. Every web page has clearly stated disclaimers that lets everyone know it is not a direct lender, as well as how your information is shared with third parties and representative loan examples to give you a total picture of loan costs.

Look to ZippyLoan if you are looking for a quick source of cash for all of life's unexpected expenses.

How to Apply:Applying for a ZippyLoan loan is incredibly simple. On the homepage, click the "Get Started" button to start the application process. After submitting your loan request, comparing at least three direct lenders before signing any loan documentation is essential. Be sure to carefully conduct research before making a final decision.

Eligibility:

• Must be 18 years of age or older with government issued photo ID
• Valid checking or savings account to disburse bad credit loan funds to
• Minimum monthly income of at least $800
• Not available for residents of NY, OR, WV, or Washington DC
• Completed online application through the ZippyLoan website

Highlights:

• Loan amounts up to $15,000.
• APRs range from 12% to 35.99%
• Quick and easy online loan request form
• People of all credit types accepted

Fees:

• No origination fees
• No prepayment penalties
• Late and insufficient funds fees vary depending on the lender

Pros:

• Loan range from $100 to $15,000
• APRs up to 35.99%
• Loose qualification criteria with no credit check
• No collateral required
• Same day approval and next business day funding
• Quick, fast, and easy source of emergency cash

Cons:

• Not available in all 50 states
• Higher than average interest rates
• No debt protection programs or dedicated customer support line
• No guarantee of loan approval
• Not available to residents of New York, West Virginia, Oregon, or the District of Columbia

Terms: ZippyLoan is an online lending network connecting borrowers of all credit types with several loan products and services, including but not limited to bad credit installment loans and instant cash advance loans. It issues loans from $100 to $15,000 with Annual Percentage Rates (APRs) up to 35.99% (some exceptions apply). As ZippyLoan is not a direct lender, all fees (origination, prepayment, late, insufficient funds, and rollover/extensions) are determined by each participating lender on the platform. Your direct lender is not guaranteed to issue your desired loan amount, as each adheres to its underwriting criteria.

To get an idea of the types of interest charges (APRs) and fees to expect, consider the following: A 26% APR, $12,100 loan with a 2-year repayment term and no additional finance charges will result in a total payment of $15,645.17 ($3,545.17 in interest charges) with estimated monthly payments of $651.88.

 Upstart

Rating: 4.7/5.0

Amount: Up to $50,000

APR: 6.5% — 35.99%

Min. Credit Score: 300

Approval: 5 minutes

Upstart is among the more popular best personal loans for bad credit platforms today.

Arguably its number one feature is its AI-based writing methods, which use algorithms to evaluate a borrower's eligibility based on factors outside of traditional credit scoring (e.g., monthly cash flow, job title, and education level). Additionally, we appreciate (its high borrowing limits of up to $50,000) with competitive APRs below 35.99%.

However, one notable downside to using Upstart is its origination fees of up to 8% of the loan amount, which is deducted from the loan proceeds before it gets to your bank account. So be sure to factor in origination fees when calculating the total cost of borrowing. Another knock is its repayment term structure, allowing only three or five-year increments.

With close to 3 million customer service to date and stellar Trustpilot reviews, we wholeheartedly recommend Upstart for your next bad credit personal loan.

How to Apply:Upstart makes applying for a bad credit personal loan easy. On the homepage, you will find several options to check your rates. Select from one of the four (consolidate debt, pay off a credit card, refinance my car, and something else) before submitting a loan request form with offers to follow.

Eligibility:

• Must be at least 18 years old to take out bad credit loans
• Legal status as a US citizen or permanent resident
• Valid government-issued photo ID
• A minimum credit score of 300.
• Debt-to-income ratio at 50% or lower
• Less than six credit report inquiries in the past six months
• No bankruptcies or delinquencies in the past 12 months
• Completed application through the Upstart website

Highlights:

• Loan amounts available up to $50,000
• APRs below 35.99%
• Excellent resource guide on helpful loan topics
• Innovative AI-based underwriting process which approves 27% more borrowers than traditional lending models
• Close to 3 million satisfied customers to date

Fees:

• No prepayment penalties
• No cash advance fee
• Origination penalties of up to 8%
• Late and insufficient funds fees apply

Pros:

• Highest borrowing limit (up to $50,000)
• APRs at or below 35.99%
• Quick and fast same day approval
• Extensive network of bad credit personal loan companies
• Quick and convenient cash advance option

Cons:

• Origination fees of up to 8%
• $1,000 minimum borrowing amount may be too high for some people
• Stricter qualification criteria than MoneyMutual, FundsJoy, 100Lenders, and MarketLoans
• Only three or five-year repayment terms
• Bad credit loans not available to West Virginia residents

Terms: Upstart is an online lending network connecting borrowers of all credit types with several loan products and services, including but not limited to bad credit installment loans and instant cash advance loans. It issues loans up to $50,000 with Annual Percentage Rates (APRs) up to 35.99% (some exceptions apply). As Upstart is not a direct lender, all fees (origination, prepayment, late, insufficient funds, and rollover/extensions) are determined by each participating lender on the platform. Your direct lender is not guaranteed to issue your desired loan amount, as each adheres to its underwriting criteria.

To get an idea of the types of interest charges (APRs) and fees to expect, consider the following: A 14% APR, $38,500 loan with a 4-year repayment term and no additional finance charges will result in a total payment of $50,499.33 ($11,999.33 in interest charges) with estimated monthly payments of $1,052.07.

 MarketLoans

Rating: 4.6/5.0

Amount: $100 — $40,000

APR: Up to 35.99%

Min. Credit Score: 0

Approval: 5 minutes

With the website slogan " a fast and easy way to find a loan," MarketLoans is one of the better personal loans for bad credit online marketplaces we've come across.

For starters, loan offers are reasonable from $100 to $40,000 at favorable sub-35.99% APRs. We also appreciate its quick and transparent online application that takes no more than 5 minutes to complete. Expect same-day, instant approval and funding to a valid checking or savings account by the next business day from one of the hundreds of legit direct lenders competing for your attention.

Another benefit of using MarketLoan is its transparency. Your data is safe with 256-bit encryption and highly descriptive fine print that specifies it is not a direct lender, but an intermediary connecting borrowers with a network of participating direct lenders offering much better terms than payday, auto title, and pawnshop loans.

We highly recommend MarketLoans for small or large-dollar loans for all of life's unexpected expenses.

How to Apply:Applying for a MarketLoans loan is very straightforward. On the homepage, click on the green "Start Now" button and start by entering your desired loan amount before consenting to privacy policies, terms of service, and other fine print as you continue your application. Once you submit contact, employment, and depositing instructions, expect instant approval with several direct lender matches.

Eligibility:

• Must have legal US citizenship or permanent residency
• Earnings of at least $800 a month
• Valid bank account and home address
• Completed application through the MarketLoan website

Highlights:

• Personal loans for bad credit up to $40,000
• APRs up to 35.99%
• User-friendly online application
• Flexible repayment terms
• Excellent source of bad credit personal loans and emergency cash
• Not available in Connecticut, New Hampshire, Washington, and Vermont

Fees:

• No origination or prepayment penalties
• Varying late and insufficient funds fees by lender

Pros:

• Bad credit loans from $100 to $40,000
• APRs up to 35.99%
• Instant approval and no credit check
• Loose eligibility requirements
• Representative loan examples published on the website
• Member of the Online Lenders Alliance (OLA)
• Accepts fair credit, good credit, and poor credit borrowers

Cons:

• Higher than average interest rates
• Limited loan options (only unsecured loans)
• Not all lenders will offer the loan amount you want
• Residents of Connecticut, New Hampshire, Washington, and Vermont are not eligible

Terms: MarketLoans is an online lending network connecting borrowers of all credit types with several loan products and services, including but not limited to bad credit installment loans and instant cash advance loans. It issues loans up to $40,000 with Annual Percentage Rates (APRs) up to 35.99% (some exceptions apply). As MarketLoans is not a direct lender, all fees (origination, prepayment, late, insufficient funds, and rollover/extensions) are determined by each participating lender on the platform. Your direct lender is not guaranteed to issue your desired loan amount, as each adheres to its underwriting criteria.

To get an idea of the types of interest charges (APRs) and fees to expect, consider the following: A 28% APR, $34,300 loan with a 3-year repayment term and no additional finance charges will result in a total payment of $51,075.76 ($16,775.76 in interest charges) with estimated monthly payments of $1,418.77.

 100Lenders

Rating: 4.4/5.0

Amount: $100 — $40,000

APR: Up to 35.99%

Min. Credit Score: 0

Approval: 5 minutes

If you're looking for a quick source of emergency cash to cover unexpected expenses like unpaid medical bills or past due utility bills, then 100Lenders is the place to be.

Participating lenders on the 100Lenders platform offer loans from $100 to $40,000 at favorable APRs (under 35.99%), which completely blows predatory payday, auto title, and pawnshop loans out of the water. We also appreciate its two-minute loan request process that allows you to get matched with several direct lenders competing for your business on the same day.

Kudos to 100Lenders for its secure form, using level 256-bit encryption to safeguard your data. With its expansive network of personal loans for bad credit lenders, same-day approval, and quick disbursement of funds to your bank account by the next business day, it's a winner.

How to Apply: Applying for a 100Lenders loan is very easy. On the homepage, you will find a "Start Now" button. Click on the button and complete the application, providing your desired loan amount, employment information, and other key details for lenders to qualify you. Assuming you meet all eligibility criteria, it offers near-guaranteed approval. Then, submit the loan application by the daily 5 pm weekday cutoff to get funds by the next business day.

Eligibility:

• You must be 18 years of age or older
• Have a valid government-issued photo ID
• Active bank account to receive bad credit loans
• US citizenship or permanent residency
• Must earn at least $800 a month

Highlights:

• Loans from $100 to $40,000
• APRs below 35.99%
• Flexible repayment terms
• Excellent source of online bad credit loans
• Quick and easy online application
• 256-bit encryption for data security

Fees:

• No origination or prepayment penalties
• Late and insufficient funds fees apply

Pros:

• Loan amounts range from $100 to $40,000
• APRs of up to 35.99%
• No credit check and instant approval
• Easy and quick 5-minute online application
• Available in almost all 50 states
• Diversified network of bad credit lenders with low-interest rates and quick instant approval
• Accepts fair credit, good credit, and poor credit borrowers

Cons:

• Higher than the average interest rate
• Limited loan options outside of unsecured loans
• No dedicated customer support line or email support
• Cannot postpone or customize repayment schedule
• Not every direct lender is equally transparent; comparing a minimum of three is highly recommended

Terms: 100Lenders is an online lending network connecting borrowers of all credit types with several loan products and services, including but not limited to bad credit installment loans and instant cash advance loans. It issues loans from $100 to $40,000 with Annual Percentage Rates (APRs) up to 35.99% (some exceptions apply). As 100Lenders is not a direct lender, all fees (origination, prepayment, late, insufficient funds, and rollover/extensions) are determined by each participating lender on the platform. There is no guarantee that your direct lender will issue your desired loan amount, as each adheres to its underwriting criteria.

To get an idea of the types of interest charges (APRs) and fees to expect, consider the following: An 18% APR, $7,500 loan with a 1-year repayment term and no additional finance charges will result in a total payment of $8,251.20 ($751.20 in interest charges) with estimated monthly payments of $687.60.

What Is A Personal Loan for Bad Credit?

A personal loan for bad credit is offered to people with extremely bad credit or very bad credit (think 300 to 580 credit score range). It's an excellent option for people struggling to qualify for traditional loans from banks and credit unions.

Thanks to the population it serves, personal loans for bad credit charge APRs in the 15% to 35.99% range (versus 5.99% to 35.99% for personal loans). They also issue loan offers anywhere from $100 to $100,000, with most lenders not offering the full maximum thanks to the increased risk of borrowing to those with bad credit.

Continue reading our guide to learn how personal loans for bad credit work, its advantages/ disadvantages, alternatives to bad credit, and ways to boost your credit score to achieve the lowest APRs possible, regardless of loan type.

How Do Personal Loans for Bad Credit Work?

Personal loans for bad credit are extended to those with limited to no credit history who want a quick source of emergency cash for most expenses, such as unpaid electric bills, past due rent, home improvement projects, and debt consolidation.

Today, lending networks like MoneyMutual and VivaLoan offer access to a network of participating direct lenders offering competitive rates and terms. Competitive APRs, flexible repayment terms, and no origination or prepayment penalties are all fair game, offering an excellent alternative to poor credit score borrowers.

Depending on the lender, expect personal loans for bad credit up to $100,000 with sub 35.99% APRs and repayment terms as long as 72 months.

With the best personal loans for bad credit, the application process is pretty simple. Online applications typically ask for your personal information, employment details, and proof of income (e.g., paystubs or electronic timesheets), requiring minimum earnings of $800 a month. Some direct lenders may have more lenient criteria versus competing lenders, so we encourage you to shop around.

Once you submit a loan request form through one of our recommended online marketplaces, expect multiple loan offers with loan amounts, APRs, repayment terms, and a full accounting of all fees.

Once you sign out loan documentation, expect your loan for bad credit to be repaid in monthly installments over a fixed repayment term, anywhere from six months to 72 months.

Pros and Cons of Personal Loans for Bad Credit

Here are the pros and cons of personal loans for bad credit:

Pros

Quick Access to Funding. Unlike traditional loans from banks and credit unions, personal loans for bad credit companies offer limited to no credit history borrowers easy and quick access to funding. Often, one can expect same-day approval and funding to a valid bank account as early as the next business day, serving as a vital lifeline for all types of emergency expenses, such as unpaid medical and utility bills.

Positive Credit Activity.Some personal loans for bad credit direct lenders report on-time payments to at least one of the major reporting credit bureaus, Equifax, Experian, and Transunion. With payment history accounting for 35% of your FICO score, every reported on-time payment counts!

Simple Application Process. Submitting loan request forms through online marketplaces like ZippyLoans and MoneyMutual is a straightforward process that takes no more than 10 minutes to complete.

Non-pPredatory Terms.Unlike payday, auto title, and pawn shop loans, the best personal loans for bad credit offer up to $100,000 with 15% to 35.99% APRs and repayment terms of up to 72 months (some exceptions apply). All of these are much more favorable than the abysmally low borrowing limits (up to $500) and short two to four-week payment terms offered by predatory lenders.

Cons

Higher-than-Average Interest Rates.Individuals with bad credit are classified as higher-risk borrowers, expecting higher than average interest rates of up to 35.99%. Interest charges can be quite high on a two- or three-year repayment term, so we encourage you to adhere to responsible budgeting practices and repay back the loan as quickly as possible.

Origination Fees.Very few direct lenders at reputable online marketplaces charge loan origination fees. For example, some FundsJoy direct lenders charge origination fees of up to 5%. Origination fees cover administrative costs (processing loan applications), mitigating risk, and funding lender operations with investments in staff and overhead costs, which we feel borrowers should not cover.

Limited Loan Options.Online marketplaces like MoneyMutual and VivaLoan are known primarily for their unsecured personal loans for bad credit, which do not require the use of collateral. You will rarely find secured personal loans, cosigner, or co-borrower options that allow greater flexibility by leveraging a higher credit-scoring applicant for lower interest rates.

Overborrowing Risk. With a lack of financial discipline, many borrowers risk over-borrowing or taking on more debt than they can afford to repay.

As with all loans, we recommend carefully weighing all pros and cons before committing to any personal loan for bad credit.

Understand Personal Loans Interest Rates and Fees

When it comes to personal loan interest rates, it depends on several factors, including the lender, a borrower's creditworthiness, and macroeconomic conditions with ongoing Federal Reserve Bank initiatives and the overall economy.

Even with these macro headwinds, interest rates vary among loan types. So look at different loan types and expected APR ranges/fee structures.

Personal Loans. Excellent to good credit borrowers can expect to pay APRs between 6% to 35.99% territory, subject to change based on income, debt-to-income ratio, credit score, loan amount, and applicable state laws. Remember, the higher your credit score, the lower your interest rates.

For perspective, here are the average personal loan interest rates by credit score, courtesy of Bankrate :

Credit score	Average loan interest rate
720–850	10.73%-12.50%
690–719	13.50%-15.50%
630–689	17.80%-19.90%
300–629	28.50%-32.00%

Bad Credit Personal Loans.APRs for bad credit personal loans starting in the mid-tens (~ 15%) up to 35.99%. Its higher starting point is due to the increased risk posed by bad credit borrowers, who have a higher likelihood of loan default, especially with longer-term, two to three-year repayment term loans.

Cash Advance Apps.Cash advance apps like Earnin, Brigit, and Dave are good for 0% interest. However, these are shorter term (two to four weeks), smaller dollar loans up to $100 per day or $750 per pay period, barely enough to cover larger unexpected expenses like $3,000 hospital invoices or $7,000 auto repair bills.

On top of 0% interest, some of these apps may charge a voluntary tip of up to $14 (Earnin) or a small subscription fee (e.g., Brigit's $9.99 monthly fee). However, subscription-based cash advance apps offer additional perks like identity theft protection, budget monitoring, and even built-in brokerages (Albert), allowing you to invest as little as $1 toward your favorite stocks.

Buy Now Pay Later (BNPL). Exploding in popularity over the past ten years, Buy Now Pay Later services like Affirm, Klarna, and Afterpay allow you to apply for small loans upon ecommerce store checkout, repaid in equal fixed installments (depending on the provider). Expect interest-free financing with interest charges past the one-month mark (often exceeding 20%)

For example, Affirm offers 0% interest with its "Pay in 4" program with no credit check and no prepayment or late fees. As a result, hundreds of thousands of participating e-commerce retailers use Affirm, making it convenient for anyone to pay for large purchases with manageable payments.

Payday Alternative Loans (PALs).PALs from credit unions offer loans from $200 to $2,000 with one to 12-month repayment terms. They are also capped at 28% APR, making them an excellent alternative to traditional payday loans from cash advance stores. Expect no prepayment penalties but small origination/application fees and late and insufficient funds fees not topping $39.

To qualify for PALs, you must be a member of the credit union with an open checking or savings account and a minimum deposit (usually five dollars).

We like PALs for its heavy National Credit Union Administration (NCUA) regulation, which offers additional consumer protections (e.g., restriction on the number of rollovers taken out by borrowers within a certain period).

As with all loans, we highly encourage you to research and compare offerings from at least three credit unions, which may or may not include recommended options like Alliant Credit Union, Pentagon Federal Credit Union, First Tech Federal Credit Union, and Navy Federal Credit Union.

Personal Loans for Bad Credit Vs. Bad Credit Loans

Although" personal loans for bad credit" and " bad credit loans" are often used interchangeably, the two have fundamental similarities and differences.

Personal Loans for Bad Credit

As mentioned, personal loans for bad credit offer funding up to $100,000 at 15% to 35.99% APRs, which are exceptional rates compared to traditional payday, auto title, and pawnshop loans. On top of higher borrowing limits and sub 35.99% APRs, personal loans for bad credit enjoy flexible repayment terms (upwards of 60 months) with no origination and prepayment penalties.

As with most non specialty loans like student and mortgages, personal loans for bad credit could be used for all expenses, from unpaid $200 utility bills to larger $19,000 kitchen and bathroom renovations.

Note, personal loans for bad credit are not inclusive of larger bad credit loan offerings, including but not limited to 0% interest cash advance apps and payday alternative loans from credit unions.

Bad Credit Loans

"Bad credit loans" is a catch-all term that includes all types of loans tailored toward borrowers with credit scores in the 300 to 580 range. These include a combination of 0% interest cash advance apps, Buy Now Pay Later (BNPL), payday alternative loans, and personal loans for bad credit from banks, credit unions, and online lenders. So personal loans for bad credit are one type of bad credit loans.

Remember, this guide is intended to be all comprehensive. But, at the same time, we explain each loan type in-depth, providing representative loan examples, APR ranges, repayment terms, and fee structures along the way.

How to Get the Best Personal Loans Online for Bad Credit Quickly

If you have a credit score in the 300 to 580 range but need a personal loan, do not fret. You can find competitive rates and terms with some leg work and research.

Here are our top suggestions for getting the best personal loans online for bad credit quickly:

Assess Your Financial Situation.The first step is to assess your financial situation. Use a budgeting app like Mint.com or Simplifi to get an at-a-glance view of your income and fixed versus variable expenses. From there, you can determine the amount you need to borrow and calculate a comfortable monthly payment. At this stage, try to get a good sense of your ability to make timely repayments.

Research Reputable Online Lenders.We are big advocates of reputable online lenders. Tailor your search towards lenders that specialize in bad credit personal loans. Pay attention to their fine print, including licensing, states of operation, regulatory compliance, and how your information may be shared with third parties advertising their own loan products and services.

Read Third-Party Feedback. We highly recommend referring to third-party feedback with unbiased and honest customer assessments. For example, MoneyMutual is big on touting its positive reviews around the web, with many past Borrowers citing ease of use, transparency, and competitive rates/terms that did not break the bank.

By assessing your financial situation and conducting the proper research, you are improving your chances of finding the best personal loans for bad credit for your financial situation.

How to Get Personal Loan with Low Interest Rates If You Are with Bad Credit

Even with bad credit, you can employ plenty of small strategies to secure lower interest rates.

Here are some of the ways to do it:

Secured Personal Loans for Bad Credit.To take out secured personal loans, you must put up collateral, like a vehicle or savings account, which serves as a guarantee in case of loan default. When applying for a secured personal loan, lenders will assess the item's value and issue a loan based on a percentage of the appraised value.

For example, if your vehicle is valued at $20,000, expect a loan offer of up to $10,000, depending on the lender. A smaller dollar-secured personal loan is a good option if you're confident you can repay the loan on time.

Go for Low Loan Amounts. In the eyes of the lender, the lower your loan amount, the lower your risk profile and the less you pay in total interest. For perspective, a 1-year, $100 loan with a 100% APR will result in a total interest paid of $61.99. A $1,000 loan with the same APR and repayment term will result in a total interest paid of $619.91.

Reduce Your Repayment Term.The longer your repayment term, the higher the total interest charges paid over the life of the loan. For perspective, a 1-month, $1,000 loan with a 100% APR will result in total interest paid of $83.33 versus $171.11 (3 months), $311.03 (6 months), and $619.91 (12 months).

Cutting your repayment term to a year or less may result in higher monthly payments but less interest charges.

Shop Around. Do not underestimate the importance of shopping around and comparing at least three loan offers. For example, one lender may offer a 29.99% APR, and a competing provider may offer a 35.99% APR loan, so it is wise to keep your options open. It may also be wise to submit two loan request forms on two different lending networks, as many lenders do not overlap between networks. Remember, this will not harm your credit, as it's a soft inquiry.

Boost Your Credit Score. If you have extra time before your next personal loan for bad credit, try boosting your credit score. Quick strategies include paying off outstanding balances, limiting new credit applications, maintaining a mix of credit types, and regularly checking your credit report for errors or discrepancies.

Remember to keep all old accounts open and avoid maxing out credit cards. Having a high credit utilization ratio (40%+) is a major red flag.

By committing to responsible lending practices and monthly budgeting, you should see improvements in your credit score over time.

Create Budgets.Establishing a healthy monthly budget is one of the best steps toward financial Health. We highly recommend using popular personal finance apps like Mint.com and Simplifi to track your income, set budget limits, and receive alerts when exceeding budget limits across different categories like fixed and variable expenses.

Remember yours prioritize essential expenses (e.g., housing and utilities) before allocating funds to variable or discretionary spending like Netflix subscriptions and dining out.

Are Installment Personal Loans for Bad Credit No Credit Check?

One common denominator for no credit check installment personal loans is that these are generally short-term loans repaid on the borrower's next payday or over a longer stretch at higher-than-average interest rates of up to 35.99%. In the case of secured loans like auto title and pawn shop loans, failure to repay the loan will result in repossessed collateral (e.g., vehicle, television, or any item of value).

As you can see, these loans explained above are not exactly personal loans for bad credit. Personal loans for bad credit are typically big loans of up to $100,000 with APR of up to 35,99%. So, personal loans for bad credit typically are not no credit check. All legit lender should check your credit score if the loan amount is big, like $1,000 to $5,000. However, still bad credit loans like apps, BNPL, and other small cash bad credit alternatives can be no credit check.

Three examples of credit check loans belong to banks, credit unions, and online lenders. None of these are no credit check. Lenders will perform a credit check on these loans. Expect personal loans with competitive interest rates and flexible repayment terms. However, a borrower's creditworthiness will be dependent on a more rigorous set of eligibility criteria, including income, debt-to-income ratio, required checking or savings account deposits (e.g., $5 to a credit union), membership tenure, and the borrower's relationship with the financial institution.

Do Online Personal Loans for Bad Credit Offer Quick Instant Approval Loans?

Online personal loans for bad credit can offer instant approval as early as the same day, with funding to a valid bank account by the next business day.

However, we cannot stress that "quick instant approval" does not necessarily mean guaranteed. Approval time can vary based on your income and debt-to-income ratio. Additionally, any applicable state laws and lenders on policies factor into the decision.

Although one-day approval is possible, we recommend comparing offers from several direct lenders. One strategy to save money is by submitting loan request forms to two or three lending networks, compiling seven to 10 different direct loan offers. With the overlap between lending networks, expect various loan offers with competitive rates and terms.

If most lenders offer APRs within the upper threshold (say 31.99% to 35.99%), we recommend boosting your credit score if you have extra time. For example, paying down an outstanding balance to lower your credit utilization ratio in the 25% range (down from 40+%) could pay immediate dividends, boosting your score by 50 points or more.

A 50-point boost to your credit score could mean the difference between a 28.99% APR and a 35.99% APR, or hundreds of dollars saved in interest over the life of the loan.

Remember to carefully review all terms and conditions (including annual percentage rates, repayment terms, and fee structure) and crunch the numbers using a representative loan example to understand the total cost of borrowing.

Do Personal Loans for Bad Credit Offer Guaranteed Approval?

No, there is no such thing as personal loans for bad credit that offer guaranteed approval. However, there is a very high rate of approval. Even the most lenient loans require some form of Eligibility criteria. For example, reputable online marketplaces like MoneyMutual and VivaLoan require that you be 18 or older with US citizenship/permanent residency, a government issued photo ID, a valid bank account, and $800 in minimum monthly income.

Fortunately, these requirements are not too strict. Even gig and part-time workers are likely to be eligible, just as long as they have a regular source of income that can be proved using pay stubs, electronic timesheets, or whatever method the direct lender asks for.

The Truth Between Personal Direct Vs. Non-Direct Lenders

When seeking a loan, you will encounter two types of lenders: direct and non-direct. However, both have fundamental similarities and differences worth mentioning.

For starters, direct and non-direct lenders issue or facilitate loans to borrowers, including instant online cash advances, bad credit personal loans, alternative payday loans, and high-risk personal loans. They also facilitate loan applications online or in person, requiring borrowers to submit personal, financial, and depositing information.

Where direct and indirect lenders differ in origination, interest rates/fees, decision-making processes, and relationship with borrowers. Direct lenders directly issue their capital to front loans, as opposed to non-direct lenders like MoneyMutual, that act as intermediaries and prospective borrowers with a network of direct lenders in exchange for a fee or commission.

As with interest rates and fees, expect direct lenders to offer lower rates and fees than non-direct lenders. In addition, non direct lenders may add small surcharges to loans to pay for staff, overhead, and other administrative costs.

Likewise, with decision-making processes, direct lenders have full authority to issue or deny loans based on a borrower's profile. In turn, non-direct lenders pass on borrower information to direct lenders, who evaluate the borrower's creditworthiness based on income and other factors before making a final lending decision.

Lastly, remember the direct and non-direct lender's relationship with borrowers. For example, direct lenders have dedicated customer support lines, forbearance/hardship programs, and various consumer education resources to educate and inform. In turn, non-direct lenders have no such obligations, given their status as intermediaries and not actual lenders.

Let's explore some direct and non-direct lenders further:

Direct Lenders

Credit Unions - Low Interest Rates, Quick and Easy Approval, High Amount, Direct Lenders 

Credit unions are among the more popular personal loans for bad credit lenders. Two of their loan options include personal loans and payday alternative loans (PALs) up to $2,000 with capped 28% APRs, each offering advantages and disadvantages.

Personal Loans – Best for Bad Credit Loans 

For starters, personal loans from credit unions generally come with lower fixed interest rates than those from lending networks.

For example, Alliant Credit Union offers unsecured personal loans from $1,000 to $100,000 on one to five-year repayment terms with 10.99% APRs for 12 to 24-month periods, and 12.99% for 48 to 60-month terms, all with same-day funding and no prepayment penalties. They also come with added perks like a debt protection plan that protects borrowers in case of death, disability, or unemployment.

However, to qualify, you must be a member of Alliant Credit Union with a minimum deposit and credit score in the 640 range.

Alternative Payday Loans - Instant Same Day Approval, Mid Amount, Better Rates Than Payday Loans, But Still Expensive 

If your credit score is 300 to 580 territory, you will be better served with payday alternative loans.

Recognizing the need for short-term borrowing options for bad credit Borrowers, these National Credit Union Administration (NCUA)-accredited loans are capped at 28%, ranging from $200 to $2,000 on one to 12-month repayment terms. Benefits include lower interest rates, affordable repayment terms, and extra perks provided to credit union members, such as financial counseling and debt protection programs.

To qualify for payday alternative loans, you must meet the credit union-specific eligibility criteria (e.g., minimum income, credit score, employment verification, and membership status).

Loan Apps - Fast Approval, No Credit Check, 0 APR, Low Amount, Direct Lender

The rise of cash advance apps has provided a convenient funding solution for millions of cash-strapped borrowers looking to cover paycheck gaps, allowing them access to their earned wages ahead of their next payday.

Three of the more popular cash advance apps include Earnin, Brigit, and Dave, which offer advances of up to $100 per day or $750 per pay period at 0% interest with no minimum balance fees. On top of advances, expect perks like overdraft protection, identity theft protection, and personalized budgeting recommendations.

However, cash advance apps' low borrowing limits and short two- to four-week repayment terms are a downside. Therefore, larger expenses like home improvement projects, debt consolidation, and unpaid $7,500 hospital invoices are best served with the best personal loans for bad credit with no interest rates and quick, instant approval.

BNPL - No Credit Check, Instant Approval, Low Interest Rate, Amount Only for Goods, Direct Lender

Over the past decade, Buy Now, Pay Later Services have exploded in popularity thanks to their increased convenience and simplified checkout process. Three popular BNPL Services include Klarna, Afterpay, and Affirm.

Klarna is popular for its " pay in 30 days" option with deferred payments of up to a month. Users are also able to split payments into four 0% interest installments. Afterpay does the same, and Affirm offers more flexibility in allowing borrowers to customize their repayment terms with fixed interest rates and monthly installments.

Bank Loans - High Amount, Low Interest Rate, not Good for Bad Credit, Direct Lender

Bank offer big amount and low interest loans, but don’t approve people with bad credit.

Talk to Me About Unsecured, Secured, and Cosigner Loans

The best personal loans for bad credit include unsecured, secured, and cosigner loans.

Let's take a look into what each of them entails:

Unsecured Loans.Unsecured loans are loans that do not require collateral. Instead, they are awarded based on a borrower's eligibility (e.g., income and debt-to-income ratio). Unsecured loans include bad credit personal loans, credit cards, online cash advances, student loans, and high-risk personal loans.

Secured Loans.Unlike unsecured loans, secured loans require collateral, which equals an item of value such as a vehicle, certificate of deposit, or $7,000 guitar. If a borrower defaults on a loan, the lender reserves the right to seize and sell the item to recover the remaining loan proceeds. Thanks to less lender risk, expect slightly lower interest rates with secure and unsecured loans.

Online marketplaces like MoneyMutual and FundsJoy are mainly our source of unsecured loans, not secured or cosigner loans.

Cosigner Loans.Cosigner loans use a cosigner for an individual willing to accept repayment responsibility alongside the primary borrower in case of loan default. They are popular with people with less than stellar credit histories in the 300 to 580 range who want to take advantage of lower interest rates close to what a good credit score borrower may enjoy. Also, expect increased chances of loan approval for bad credit borrowers with the cosine of loans.

In short, the main differences between unsecured, security, and cosigner loans are the required use of collateral, level of interest rates, and use of a second individual who assumes responsibility if the primary borrower can no longer pay.

Be sure to carefully review all loan terms and conditions for unsecured, secured, and cosigner loans before signing on the dotted line.

How to Improve a Bad Credit Score

Before taking out any loan, we highly recommend boosting your credit score by as many points as possible. That's because a higher credit score equals lower interest rates and vice versa. For example, with a 35.99% APR, $2,000 long enough to your repayment term, a 19% APR will save hundreds of dollars in interest charges over the life of the loan than a 35.99% APR.

Here are our top recommendations for improving your credit score in no time:

Review Credit Reports.Be sure to pull your credit report from each of the three major reporting credit bureaus using annualcreditreport.com. Unfortunately, four out of every five Americans experience errors or discrepancies in their report, which may negatively impact their ability to get a traditional loan. If You observe any discrepancies, file a dispute with the bureau and/or creditor.

Be On Time, Every Time.We recommend setting up a reminder on rolling in automatic payments to ensure you pay all of your loans on time. 35% of your FICO score is calculated using your payment history, with a single late payment able to drop your credit score by as many as 50 points,

Debt Consolidation.Debt consolidation has many direct benefits to your credit score. Combining all your debts into a single credit account helps simplify payments and create less clutter on your calendar. Plus, consolidation loans usually carry lower interest rates and custom repayment terms to put you on the fast track toward managing a healthy monthly budget.

Reduce Credit Card Balances.30% of your FICO score accounts for the credit utilization ratio or the total ratio of total credit limit to outstanding balances. For example, if you have a $20,000 total credit limit and $4,000 exceptional balances, you have a 20% debt-to-income ratio. Keep this ratio below 40%, preferably no more than 7%. This means paying the entire statement balance and not minimum payments every month.

Peace of Mind. Managing so many high-interest debts can be a very challenging process. Simplifying your debt obligations to create a single monthly payment will make you more productive in the long run.

Remember that boosting your credit score will take place over time. However, you can exercise all these and see dividends relatively quickly.

What Bad Credit Loans Should You Avoid

When facing severe financial consequences, we highly recommend carefully exploring all loan options. However, some unsecured and secured payday, auto title, and high-interest pawn shop loans should be out of the question.

Two of these loans are secured by collateral and items of value like a vehicle or family heirloom. These lenders offer a percentage of the item's value as your loan amount, usually up to 50%.

Let's go over the top three predatory types of fast cash loans today - payday, auto title, and pawnshop loans.

Payday Loans.With triple-digit annual percentage rates, short repayment terms, and predatory lending practices, we recommend avoiding payday loans at all costs. For perspective, a 400% APR, $500 loan on a two-week repayment term will assess total interest charges of $76.74 and a total repayment amount of $651.74. Any extension or rollover fees will rack up additional fees of up to $60 for every two-week increment, depending on the lender.

Not all payday lenders have the same rates and terms.

Auto Title Loans.Auto title loans are among some more predatory types, with high 300%+ APRs, increased risk of repossession, and limited consumer protections. In addition, any defaulted loan will force the lender to repossess the vehicle as collateral, which could affect your ability to work. Expect a vicious cycle of debt with repeated unpaid balances.

Pawn Shop Loans.Pawn shop loans offer quick access to cash; they are more trouble than they're worth. Like auto title loans, they are secured by collateral (e.g., items of value such as a vehicle, television, or $12,000 watch. Watch out for high-interest rates topping 300% APRs with extension/rollover fees up to $60 every two weeks.

How to Avoid Bad Credit Loan Scams

Unfortunately, the lending world is rife with predatory bad credit loan scams misleading consumers on everything from " guaranteed rates" to questionable collection practices with calls at all odd hours of the night.

Here are our top suggestions for avoiding bad credit loan scams:

Avoid Guaranteed Approval Claims. Be wary of any lenders that advertise " no credit, no problem," " no cash, no problem," " quick cash now!' or any combination of highly excessive marketing jargon, especially prevalent at local, 1-hour loan/cash advance places in undesirable neighborhoods. If you type " cash advances near me" into Google, several options likely to engage in these promotional practices may appear, so opt for best personal loans for bad credit companies like MoneyMutual and FundsJoy instead.

Upfront Fee. Under no circumstances should you ever have to pay upfront fees for any loan. Scammers are known for requesting upfront costs for processing, examining your application, and other nonsensical approaches. Remember, any origination penalties from legit direct lenders will be deducted from loan proceeds before it is disbursed to you.

Hidden Predatory Terms. Pay extra attention to any fine print where scammers are known to bury unfair terms or hidden fees. Keep interest rates, repayment terms, and any applicable fees and penalties in mind. If any terms appear predatory, we highly recommend alternative lending opportunities.

No Physical Address. If your personal loans for a bad credit direct lender does not have a physical address listed anywhere (disclaimer and or/web page footer), it's a huge red flag. I'll check to see that they are licensed and registered to operate in your state, as each state has its own usury laws that cap APRs, loan amounts, and repayment terms.

By checking for all of the above, you're assured that you will not fall into a vicious predatory scam loan trap.

Tips to Avoid Getting a Loan and Manage Your Finances Successfully With a Loan

The best way to avoid getting a loan is by putting all of your financial resources in order. Here are some time-tested strategies for ensuring your finances are up to par:

Use a Personal Finance Management Tool. Finance tools like Mint.com and Simplifi do an exceptional job of allowing users to track income and expenses with recommended savings goals. Other perks include automatic bill payment reminders, budgeting tools, and a helpful series of charts that allows you to track fixed versus variable expenses. Aim to keep your debt-to-income ratio below 40% for the greatest chances of being approved for a loan.

Monitor and Control Variable Expenses. Variable expenses such as entertainment, shopping, and UberEats orders fluctuate monthly. Be sure to create a budget with two categories: fixed expenses and discretionary spending, with limits for each discretionary expense.

For example, restrict UberEats orders to no more than $100 a month. With organic grass-fed beef costing less than $10 at Aldi, we don't recommend Uber Eats anyway!

Build an Emergency Fund.One of the best things you can do is build an emergency fund with three to six months' living expenses in a separate checking or savings account. Then, in case of unemployment or unexpected expenses like sky high utility or medical bills, tap into your reserves instead of overcharging credit cards or taking out online cash advances or personal bad credit loans.

Prioritize Debt Repayment.We recommend that you be smart about paying off all of your debt. One strategy is to pay off high-interest debts first, referred to as the avalanche method. An offshoot method, the snowball method, works similarly but pays off the smallest debt first. A structured approach to paying off debt will help you boost your credit score, save on interest, and create a better financial situation for you and your family.

By following the above suggestions, you'll minimize your chances of taking out the best personal loan for bad credit.

How Much Is the Average Personal Loan Debt?

According to Experian , consumer debt balances went up to nearly 17 trillion dollars, up from $15.31 trillion (2021). Thanks to Federal Reserve policy, this is partly the result of overarching macroeconomic conditions that have driven interest rates upwards.

For a greater deep dive into the numbers, 2022 saw an average consumer personal loan debt balance of $18,255, a 7% increase versus the prior year. For perspective, the average credit card balance(2022) is $5,910, up 13.2% from the preceding year. The same applies to auto loans (+7.7% percentage change), HELOCs (+3.8%), and (not surprisingly) mortgages at +7.3%

Breaking down the total average depth by FICO score, there's no rhyme or reason to the data. Poor credit score borrowers what scores in the 300 to 579 range saw a +8.3% average increase for 2021-2022 versus the prior year, versus +5.1% (fair), +3.9% (good), +4.2% (very good), and +9.1% for exceptional credit scores in the 800 to 850 range. This proves that the overall average increase goes up across all credit types, not limited to only those with bad credit.

How We Ranked the Best Bad Credit Loan Companies

To compile this guide, we evaluated more than 30 different direct lenders and online learning marketplaces like MoneyMutual and VivaLoans, scoring based on the following criteria: interest rates, fee structure, overall usability, and disclaimer language.

Interest Rates.When evaluating our preferred lending networks, we established an APR limit of 35.99%, the upper threshold that regulatory restrictions imposed in adherence to usury laws. Not to mention, a 35.99% APR is the prevailing market rate for personal bad credit loans, establishing an even playing field amongst direct lenders.

Fee Structure.Under no circumstances do we accept any lending networks that impose excessive and exploitative fees. There's no reason to pay origination penalties, a fee lenders charge to cover processing and administrative costs. Typically origination fees are deducted from loan proceeds before funds disbursement.

Only a few direct lenders from participating networks like FundsJoy and Upstart offer them. However, many more don't, so it is easy to avoid this fee. Always shop around!

Overall Usability.We prioritized lending networks with simple online applications with a maximum of a few pages asking for your desired loan amount, contact, and deposit instructions. They should take at most five minutes to complete with no credit check.

On top of that, each of our recommended lending networks has hundreds of participating direct lenders that make it easier to shop around and compare rates and terms.

Be aware of fast responses. Once you submit your loan request, expect to be matched with several direct lenders competing for your business. Loan offers come within minutes or (at the most) hours.

Disclaimer Language.There are many reasons why personal loans for bad credit with no credit check websites should carry disclaimers. These include legal compliance (providing transparency about loan terms and conditions), risk acknowledgment, limiting liability, and disclosing important information, such as how your information may be shared with third parties advertising their loan products and services.

Other fine print should include non-payment implications, credit score impact, and applicable collection practices.

Remember representative loan examples that give a better picture of the total interest charges you should expect to pay based on a sample loan amount and APR. For example, FundsJoy does an excellent job of this, providing the total amount payable for a one-year, $2,500 loan with a 10% APR and a 3% fee.

Frequently Asked Questions

Can I get personal loans for bad credit while unemployed?

Most personal loans for bad credit with no credit check companies require that you have a regular source of income of at least $800 a month, whether you are a gig, part-time or full-time worker. Remember that other conditions apply, such as being 18 years of age or older with a government-issued photo ID, A valid bank account, and a completed application through one of our recommended lending network portals.

Can I get personal loans with bad credit with no bank account?

Unfortunately, you cannot get a personal loan with bad credit without a bank account. Direct and non-direct lenders require a valid bank account to disburse funds. On a higher level, 0% interest cash advance apps like Earnin and Brigit also rely on valid bank accounts to disburse funds and review credit account history to determine the amount advanced.

Can I get personal loans with bad credit with no income verification?

Most personal loans for bad credit with no credit check companies require proof of income as part of the application process. Earning a minimum monthly income of $800 a month, it allows lenders to assess your ability to repay a loan. However, when it comes to requirements, online lenders tend to be more relaxed, applying other eligibility criteria, e.g., being OK with alternative sources of income or payment schedules.

How can I improve my chances of getting approved for a personal loan with bad credit?

We recommend boosting your credit score to maximize your chances of getting along with bad credit. Paying off an outstanding balance. You can use three strategies to lower your credit utilization ratio and check your credit reports occasionally for errors. Remember, the difference between a 24% and a 35.99% APR on a 3-year, $15,000 loan equals hundreds of dollars of interest charges, money better spent for other things.

What interest rates can I expect for personal loans with bad credit?

Personal loans for bad credit APRs are in the 15% to 35.99% range, although most no credit check lenders will probably issue anywhere from 31% to 35.99%. That's why we highly recommend shopping around and comparing a minimum of three direct lenders to find the best rates and terms.

How long does receiving funds from a personal loan for bad credit take?

The amount of time it takes to receive funds from personal loans for bad credit depends on the lender. However, top-rated online marketplaces like MoneyMutual and VivaLoan have a network of direct lenders ready to issue funding to you by the next business day, as long as you submit and get approved for a loan application by a daily 5 pm weekday cutoff.

Sources

https://www.elitepersonalfinance.com/best-bad-credit-loans/

https://www.bankrate.com/loans/personal-loans/bad-credit-loans/

https://www.nerdwallet.com/best/loans/personal-loans/best-bad-credit-loans

https://www.creditkarma.com/personal-loans/i/apps-that-loan-money

https://www.lendingtree.com/personal/buy-now-pay-later/

Conclusion

Now that you understand everything there is to know about the best person to get loans for bad credit with low interest rates and quick instant approval, you are on the fast track to paying for all of life's unexpected expenses without breaking the bank. Now, typing in ' how to get a loan' into Google or being tempted by no credit check 400% APRs offered by traditional payday loans and cash advance places should no longer be in question.

*This article is provided by an advertiser and not necessarily written by a financial advisor. Investors should do their own research on products and services and contact a  financial advisor before opening accounts or moving money. Individual results will vary. Foreign companies and investment opportunities may not provide the same safeguards as U.S. companies. Before engaging with a company, research the laws and the regulations around that service, and make certain the company is in compliance. For comprehensive guidance on U.S. investments and financial regulations, visit the Securities and Exchange Commission (SEC)’s Investor.gov.