Loans (US)

Best loans for bad credit

We made a list of the best loans for bad credit. Learn how they work and choose one that helps you cover your needs and accomplish your goals. Check it out!

Bad credit loans: lenders comparison

You can get a loan even if you have a less-than-perfect credit score. Source: Adobe Stock.
You can get a loan even if you have a less-than-perfect credit score. Source: Adobe Stock.

Unfortunately, having bad credit affects hardly your finances and makes it harder to access the best loans. Applying for good financial products and services might be challenging, as well as getting approved for great options.

Fortunately, some companies are willing to offer products and services for people with less-than-perfect credit.

woman at ski resort for recreation

What is recreation loan? Find out about this loan

If you're looking for a way to have fun and enjoy yourself, a recreation loan may be right for you! But what is a recreation loan? Read on to find out!

However, you must know that if you have a score between 350 and 579 (based on FICO), applying for a loan requires a co-signer.

On the other hand, people with scores ranging from 580 to 600 may find good lenders on their way.

Furthermore, it is crucial to understand that interest rates, amounts, terms, and conditions will vary depending on your creditworthiness and the requirements you meet in the application process.

Some of those good lenders are listed below. Keep reading to learn how they work.  

8 great options to choose from to get a loan with bad credit

The offer you need can be on this list. But remember to pay attention to interest and fees always. Source: Freepik.
The offer you need can be on this list. But remember to pay attention to interest and fees always. Source: Freepik.

It is not easy to rebuild a damaged credit score. Sometimes life surprises us with some financial emergency that requires a loan.

Don’t worry. The following list will tell you more about 8 direct lenders or lenders networks that will consider you regardless of your credit score.

1. Upgrade

Upgrade offers loan amounts that range from $1,000 to $50,000. With a loan from this lender, you can pay off credit cards, improve your home, consolidate debt, pay for large purchases, start a business, and more.

Also, it provides prequalification for free with no impact on your credit.

The APR ranges from 7.46% – 35.97%. based on creditworthiness.

In addition, the minimum credit score recommended for applying for a loan is 560.  

Upgrade Triple Cash Rewards Visa® credit card

How to get an Upgrade Triple Cash Rewards Visa®?

Upgrade Triple Cash Rewards Visa® is a hybrid credit card and personal loan. Learn how to apply for one!

2. Universal Credit

Universal Credit offers loan amounts ranging from $1,000 to $50,000 and interest rates ranging from 11.69% to 35.93%.

Although the APR could vary and be high, the lender considers applicants with fair credit. 

So, Universal Credit might be worth considering if you need a personal loan.

How to apply for the Universal Credit loan?

Do you need a loan to pay off debt, make home upgrades, or pay for other expenses? Read more to know how to apply for a Universal Credit loan!

3. LendingPoint

On the other hand, LendingPoint offers more flexible terms and amounts with fast decisions.

And you can check your rate with no impact on your credit.

LendingPoint provides unsecured personal loans for consumers with fair or good credit. 

The loan amounts range from $2,000 to $36,500, and you can get the funds you need right the next day upon approval.

Also, the interest rates range from 7.99% to 35.99%. So, for a lender that considers less-than-perfect credit scores the interest rates are reasonable.

However, we recommend you check your possibilities first since the lender offers prequalification.

In addition, the terms range from 24 to 72 months.

How to apply for the LendingPoint

Get your loan in just a few business days No early payoff penalty

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

You will be redirected to another website

4. Upstart

Upstart is one more lender that considers less-than-perfect credit scores. It offers personal loans, consolidation options, car loan refinance options, loans for small businesses, and other resources.

Furthermore, it allows you to check your rates within minutes and has no impact on your credit score.

Also, there are no prepayment penalty fees. 

According to the official website, the rates are 43% lower as compared to a credit score-only model regarding personal loans.

The loan amounts range from $1,000 to $50,000, and rates range from 5.60% to 35.99%.

How to apply for the Upstart personal loan?

Are you looking for a good online personal loan platform? If so, Upstart loan can be a good choice. So, read more to know how to apply!

5. Navy Federal Credit Union

Make good financial planning to pay your loans on time. Source: Freepik.
Make good financial planning to pay your loans on time. Source: Freepik.

Usually, credit unions offer good deals for people with bad credit. The Navy Federal Credit Union gathers all in one place.

Besides the loans, it provides checking & savings accounts, credit cards, and other services.

Regarding loans, the Navy offers auto loans, mortgages, student loans, home equity loans, and personal loans.

The amounts, terms, and conditions vary widely, but when it comes to personal loans, you must define the purpose of accessing the rates.

For example, if you want a home improvement loan, the amounts range from $25,000 minimum with terms ranging from 61 to 84 months (APRs: 15.29-18.00%) to $30,000 minimum with terms ranging from 85 to 180 months (APRs: 15.29-18.00%).

Furthermore, the customer service is considered good, and you can access it 24/7.

Navy Federal More Rewards American Express® credit card review

How to get a Navy Federal More Rewards Amex® card?

Check out how to apply for a Navy Federal More Rewards American Express® credit card and get unlimited rewards with no annual fee!

6. Avant

Avant offers loans for different purposes, including personal, emergency, and debt consolidation.

The amounts range from $2,000 to $35,000. And checking your rates and conditions won’t affect your credit.

Avant also considers less-than-perfect credit scores. But note that your creditworthiness will impact the terms and rates offered. 

How to get a Avant® Credit Card?

Check out how the Avant® Credit Card application works so you can apply for it and start building your credit while enjoying buying power!

7. Rocket Loans

Another great lender to consider is Rocket Loans. The personal loan amounts offered by this lender range from $2,000 to $45,000, with terms varying from 36 to 60 months.

There are no prepayment penalty fees or hidden fees. 

And you can get the money your need in one to three business days.

Also, a personal loan can be used to consolidate debt, improve a home, pay for medical expenses, auto expenses, or even for small businesses.

It is worth taking a look at Rocket if you have less-than-perfect credit.

Logo Rocket Loans e desenho de pessoa tocando guitarra

How to apply for the Rocket personal loans?

Achieve your goals with the help of Rocket personal loans! See how to apply for it and get the benefits.

8. LendingClub

Last but not least, LendingClub offers personal loans of up to $40,000. Also, it provides an amazing platform where you can apply within minutes and check your rates, payment options, terms, and conditions before signing up.

It is important to mention that LendingClub is not a lender but a lending marketplace. We have selected it because the platform can help you choose the best lender for you considering your creditworthiness and budget.

So, considering LendingClub might be worth it in case you don’t find a lender that fits your needs and goals.

How to apply for the LendingClub personal loan?

Do you need a loan to help you pay down debt and pay for other emergencies? Then, read more to know how to apply for the LendingClub loan!

Credit Essentials: what you need to know about credit scores and loans

As you can see, your creditworthiness affects your ability to apply for any type of loan.

Even though some lenders consider less-than-perfect credit scores in the application process, it is essential to learn how your credit impacts a decision.

Also, learning how to work on your credit to get better financial products and services is crucial.

So, take a look at our next post to learn everything you need about credit scores and loans.

Credit report of credit score.

Credit Essentials: everything you need to know

This post will tell you everything you need to know about credit. Keep reading to learn about it!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

Trending Topics


How to join the Interactive Brokers Investing app?

Do you fit the trader profile to join Interactive Brokers Investing? If so, keep reading to know how to open your IBKR account!

Keep Reading

What are hardware wallets? Benefits and best ones!

What are hardware wallets? Understand today how they work, their importance to the ecosystem, and their benefits to blockchain technology.

Keep Reading

How to apply for a loan at Quickbridge?

Check out how easy and fast it is to apply and get a loan at Quickbridge and start growing your business with the specialized help you need.

Keep Reading

You may also like


How to buy cheap flights on Priceline

Using Priceline to buy cheap flights, you can save up to 50% on air tickets, compare different airlines, and find the lowest prices. Keep reading and learn!

Keep Reading

LightStream Personal Loan review: how does it work and is it good?

Discover what LightStream Personal Loan is all about in this complete review. Ensure fast access to the money you need and no hidden fees.

Keep Reading

15K bonus points: My GM Rewards® Mastercard® review

Drive a GM vehicle? Cut down on expenses with My GM Rewards® Mastercard®- Check out our review! Pay $0 annual fee!

Keep Reading