Best Personal Loans For Bad Credit

Having a bad credit score can be a huge burden. You’re far less likely to be accepted for credit or a loan if you have a bad credit score, which can have negative impacts on your everyday life. 

If you have a medical emergency, or if your roof collapses, it can be stressful trying to find a company that’ll accept your loan application – but thankfully there are loans out there that are suitable if you have bad credit.

If you have bad credit and are looking for a loan, or are just curious to see what’s out there, then keep reading for more information on the best personal loans for poor credit.


• Can borrow up to $10,000 • Interest rates can be steep
• Payments get reported back to 2x credit bureaus
• Available in most states

If you live in any of the following states – Alabama, Arkansas, Arizona, California, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, North Dakota, New Mexico, Ohio, Oregon, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Washington DC, or Wisconsin – then you’re one of the lucky few that can take advantage of NetCredit’s loans. 

You can borrow anything from $1000 to $10,000 – but there is no clear APR, as it depends on which state you live in. However, the APR generally starts around 36% and can jump to around 155% if you’re in a state with no APR limit – which is pretty reasonable if you have bad credit. 

If you pay your loan back in time, then your credit score will improve as NetCredit reports to two credit bureaus – Experian and TransUnion. The built-in credit builder makes sure that your timely payments are reported, which is a sure way to encourage you to pay it back on time. 


• Generally quick responses • Small loans of up to $2500
• A wide variety of people can get accepted for a loan

Although MoneyMutual isn’t actually a loan company, it does a pretty good job of matching you with lenders. 

MoneyMutual is an online service that matches you with lenders for short term loans. All you have to do to get the ball rolling is fill out an e-form with your relevant information and wait for potential lenders to review them. 

You should get a reply from at least one pretty quickly, so be sure to pick the lender that offers the best APR and time frame. 

In order to be accepted for one of these loans, you must have a U.S checking account, and be over the age of 18. 

These loans are perfect if you need money quickly, as with some lenders you’ll receive the money within 24 hours!


• Credit and income requirements are flexible • Have to earn at least $1000 per month to be accepted
• Can borrow up to $10,000
• APR’s capped at 35.99%

CashUSA is another online portal, similar to MoneyMutual, that can match you with potential lenders. Unlike MoneyMutual however, you can borrow anything from $500 to $10,000 – which is perfect for emergencies and repairs. 

To be accepted by a lender, you need to be at least 18 years of age and have a valid checking account. The income and credit requirements are flexible, which is perfect if you have a poor credit history. However, you do need to earn a minimum of $1000 per month after tax. 

The APR can range from 5.99% to 35.99% – it can depend on the state you reside in, your credit score, and your income. 

It’s easy to get started – simply fill out the online form, and you should hear back pretty quickly. In some cases, you can get the funds the next working day! 


• Ideal for consolidating credit card debt • Credit score must be a minimum of 600
• Helps to remedy your poor credit score
• Loan term can be up to 5 years

Avant has helped over 600,000 people with their financial difficulties – and over half of these people have used Avant to consolidate their credit card debt.

Credit card debt isn’t the only reason you can apply for a loan with Avant though – an Avant loan can help you with anything from a broken toilet to a medical emergency. 

It can feel like pushing water uphill trying to fix your credit score, but Avant might be the answer to your problems. Avant customers report a 12-point jump (on average) of their credit score within the first six months of having the loan, which can make the world of difference. 

The loan terms are generally flexible and can last anything from 2 years to 5 years. Unfortunately, you do need a minimum credit score of 600 – but this is understandable as you can borrow up to $35,000.