List of BBB Accredited Online Loan Companies Even for Bad Credit

Last Update: October 25, 2020 Loans

Looking for BBB accredited loan companies is a great strategy to find good loans. BBB accreditation is not a necessary factor but it is an advantage for companies to have it. If a company has a good reputation on BBB, this means you will get a transparent contract and better customer support. For them, this means more effort to keep a good rating and take more care of their customers. Therefore, we definitely have to respect BBB accreditation and see it as a positive factor, though not the most important.

List of BBB Accredited Personal Loan Companies

Loan Company Min Credit Score APR BBB Rating
OppLoans 0 59% – 199% A+
LendJetFunds 0 5.99% – 35.99% C
ZippyLoan 0 5.99% – 35.99% B
Upgrade 600 7.99% – 35.97% A+
Prosper 640 7.95% – 35.99% A+
SignatureLoan 0 5.99% – 35.99% A+
PayOff 640 5.99% – 24.99% A+

List of BBB Accredited Auto Loan Companies

Loan Company Min Credit Score APR BBB Rating
MyAutoLoan 0 From 1.99% A+
ConsumerCreditUnion 0 From 2.24% A+
LendingTree 0 From 1.99% A+


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Are BBB Accredited Companies Always Legit?

We definitely can say that all BBB accredited companies are legit, but when it comes to loan legitimacy, there are other factors at play. BBB accreditation and legitimacy are different things. If you want to know how to find legit loans, read our article:

There are loans that are technically legit, some of them even having a great reputation on BBB, but they are not the best pick. We are talking about payday loans and auto title loans. They are predatory, so we advise you to avoid them.

What are BBB Accredited Loan Companies for Bad Credit?

The best BBB-accredited companies for bad credit are those offering personal loans. Simply put, these are loan companies that limit their APR to 35.99%. There are some companies that go slightly over this limit and are legit, but we recommend them only if you have really bad credit and no other options. Payday loans typically have an APR of 400% and give up to $1,000. People have to avoid payday loans because of their high prices and the risk of a debt cycle. Due to the fact that the lending business has significantly improved recently, there are a number of personal loans that approve people with bad credit.

Can I Get Easily Approved by a Company with a High BBB Rating?

Not really. When you are looking for a loan, BBB accreditation may be an important factor in your decision, but that is not always the case. But even if a company is accredited by BBB, that doesn’t mean that it will affect your approval or loan terms like amount, APR, fees, and so on. This simply means that the company receives a minimum number of complaints from people. This factor is influenced by loan contract transparency, customer support, and so on. Again, BBB accreditation is a trust factor that we have to respect and consider when we shop around, but it shouldn’t be the main factor leading to our decision.

The number of years a business has been online is another factor that people have to take into account. If a company has been around for a long time, that is a great advantage that inspires trust and reliability.



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