OppLoans  | Amount $1,000 – $5,000 | Min Credit Score 0 | APR Vary By State | Approval < 1 Day | Terms 9 – 36 Months | | | For those with really bad credit, who can't quality for a personal loan, we recommend alternative payday loans. These companies are more expensive than personal loans, but much more better than payday loans. The company offers loan amounts that range from $1,000 to $5,000, with APRs that range from 99% to 199%. Loan duration range from 9 months to 36 months and Opploans charges zero prepayment penalties. Their loans are unsecured – which means no upfront collateral is required – and as you continue to make on-time payments, you build your credit score in the process. Moreover, if your loan is approved, you can receive funds in as little as one business day. Pros:- Easy approval process.
- Those with very bad credit can still get approved.
- Opploans offers installment loans and lines of credit.
- Opploans does not check your credit score but will assess your financial transaction history.
- Loans are unsecured and do not require any collateral.
- There are no prepayment penalties.
- Opploans offers refinancing options to select borrowers.
- Alternative loan sites like Opploans have lower APRs than payday or car title loans.
Cons:- APRs are high, ranging from 99% to 199%.
- Loan origination fees range from 0% to 3% and other fees can apply.
Best for: Really Bad Credit |
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LendUp  | Amount $100 – $1,000 | Min Credit Score 0 | APR Vary By State | Approval < 1 Day | Terms 7 – 30 Days | | | As another reliable alternative lender, LendUp offers unsecured loans that range from $100 to $1,000. Loan duration range from seven to 30 days for single payment loans and three to 12 months for installment loans. If approved, you can also receive funding in as little as one business day. LendUp doesn’t directly list its APRs, because – according to its site – APRs vary depending on your credit score and state of residence. However, as a quick reference, loans in California – which include fees – have APRs that range from 214.13% to 917.71%. In Louisiana, APRs range from 156.43% to 971.17% and in Mississippi, APRs range from 237.25% to 1,016.79%. As well, on average, APRs tend to range from 134% to 1,252% for single payment loans and 30% to 180% for installment loans. Through its LendUp Ladder, you can also rebuild your credit profile. Each time you make on-time loan payments and complete its free education courses, points are credited to your account. As you reach new millstones, you’re able to access increased borrowing amounts and can also have your credit history sent to major credit bureaus. The program is designed to help borrowers increase their credit score and receive more favorable loan terms. Its milestones look like this: - Silver members can receive up to $250 for a single payment loan.
- Gold members can receive up to $250 for a single payment loan and up to $200 for an installment loan.
- Platinum members can receive up to $250 for a single payment loan and up to $500 for an installment loan.
- Prime members can receive up to $250 for a single payment loan, up to $500 for an installment loan and up to $1,000 for a Prime loan.
As well, Platinum members can opt-into the credit reporting program, while Prime members are automatically enrolled. Keep in mind though, LendUp’s alternative loans are only available in select states. These include: California, Louisiana, Mississippi, Missouri, South Carolina, Tennessee, Texas and Wisconsin. Pros:- Loans are available to those with bad credit.
- Receive funds in as little as one business day.
- LendUp has no annual income requirement.
- Installment loan APRs are extremely affordable and range from 30% to 180%.
- Through its LendUp Ladder, you earn points that can lead to larger borrowing amounts and help increase your credit score.
- LendUp offers credit education courses that aim to increase your financial knowledge.
Cons:- Single payment loans have APRs that range from 156.43% to 1,016.79%.
- Loans can have fees upwards of 20% of the amount borrowed.
- Loans are only available in California, Louisiana, Mississippi, Missouri, South Carolina, Tennessee, Texas and Wisconsin.
Best for: Really Bad Credit |
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Best Loans for Really Bad Credit 2020BadCreditLoans$500 – $10,000 Min Credit Score: 0 < 1 Day Approval Apply Now CashUSA$1,000 – $10,000 Min Credit Score: 0 24 - 60 months Apply Now LendJetFunds$100 – $10,000 Min Credit Score: 0 1 – 60 Months Apply Now SignatureLoans$1,000 – $35,000 Min Credit Score: 0 2 - 5 Years Apply Now Personal Loans$1,000 – $35,000 Min Credit Score: 580 36 - 72 month Apply Now If your credit score is really bad and you can’t qualify for a none of these, there are other options. These loans are more expensive, but the approval rate is high. |
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NetCredit  | Amount $1,000 - $10,000 | Min Credit Score 550 | APR 34 - 155% | Approval 1 - 3 Days | Terms 12 - 36 months | | | |
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RiseCredit  | Amount $500-$5,000 | Min Credit Score 0 | APR 36.00-299.00% | Approval 1 Day | Terms 4 - 26 months | | | |
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PossibleFinance  | Amount $0-$2,000 | Min Credit Score 0 | APR 151.00-230.00% | Approval 1 Day | Terms 1 - 12 months | | | |
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FigLoans  | Amount $300 - $500 | Min Credit Score 0 | APR 36% - 190% | Approval 1 Day | Terms 4 - 12 months | | | |
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BadCreditLoans  | Amount $500 – $10,000 | Min Credit Score 0 | APR 5.99% – 35.99% | Approval < 1 Day | Terms 3 – 36 Months | | | When we talk about bad credit loans, BadCreditLoans.com should always be at the top of our list! And there is a good reason for that. BadCreditLoans have helped millions to get personal loan, while so many people are still paying insane interest on their payday loans. BadCreditLoans.com is a leading company helping people with really bad credit. They are NOT payday loan company!They are huge marketplace connecting people with bad credit with lenders offering UNSECURED bad credit loans. The company offer loans of $500 to $10,000, APR 5.99% to 35.99%. And bad credit is always approved ... in less than a day. In fact this is the most successful personal loans company for bad credit that we at ElitePersonalFinance know. Whether you want to get bad credit loan or refinance your existing payday loans with one cheaper loan, try BadCreditLoans.com . Pros:- The Best in The Bad Credit Business!
- Easy and fast approval.
- Unsecured loans.
- Those with really bad credit get approved.
- APRs in the personal loan range which means less than 5.99% to 35.99%.
- Not a payday loan company.
- Amount of up to $10,000.
- Huge lending network.
- Free to register and no obligation to accept any offer.
- Minimum credit score required is 0.
- No hard inquiry on your credit score, so registering won't lower your credit score.
Cons:- For those with really bad credit, expect high APRs ranging from 15% to 35.99%.
- People with really bad credit can’t qualify for the highest amount of $10,000, they can expect up to $1,500.
- Not all loans get approved.
Best for: Really Bad Credit |
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Best Loans for Really Bad Credit 2020BadCreditLoans$500 – $10,000 Min Credit Score: 0 < 1 Day Approval Apply Now ZippyLoan$100 - $15,000 Min Credit Score: 0 < 1 Day Approval Apply Now LoansUnder36$100 - $35,000 Min Credit Score: 0 < 1 Day Approval Apply Now PickALender$100 - $40,000 Min Credit Score: 0 < 1 Day Approval Apply Now Fast5kLoans$100 - $35,000 Min Credit Score: 0 < 1 Day Approval Apply Now Do you know that even if you are with bad credit, you can qualify for a personal loan. We give you the best personal loans for bad credit. |
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CashUSA  | Amount $1,000 – $10,000 | Min Credit Score 0 | APR 5.99% – 35.99% | Approval < 1 Day | Terms 2 – 5 Years | | | Designed specifically for those with bad credit, CashUSA offers installment secured personal loans for people with bad credit. APRs range from 5.99% to 35.99%, but even if you have bad credit, putting a collateral to your loan can lower the APR as low as 10%. CashUSA offers loans up to $10,000, but – according to their website – the amount can be increased under certain conditions. But remember, if you fall behind on your payments, there is a chance you could lose your car. We only recommend secured loans if you’re sure you can repay the debt on-time and in-full. Pros:- Easy approval.
- Those with really bad credit can still be approved.
- The company applies personal loan APRs ranging from 5.99% to 35.99%.
- People with bad credit get as low as 10% APR.
- Borrowing amounts can exceed $10,000, but you have to speak with them directly.
Cons:- Secured loans put you at risk of losing your collateral.
- Bad credit means a higher APR; although it’s still much lower than a traditional car title loan.
Best for: Secured Personal Loans |
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PersonalLoans  | Amount $1,000 – $35,000 | Min Credit Score 580 | APR 5.99% – 35.99% | Approval < 1 Day | Terms 90 Days – 72 Months | | | PersonalLoans offers unsecured loans ranging from $1,000 to $35,000, and because the company only requires a minimum credit score of 580, PersonalLoans is a great place to obtain a bad credit loan. Its APRs range from 5.99% to 35.99%, but to qualify, you need to have some form of recurring income. It can be full-time employment, self-employment, regular disability or Social Security benefits. Keep in mind though, loans are not available to residents in Arkansas, Georgia or New York. Pros:- Low credit score requirements of 580.
- Low income requirement of $1,000.
- Bad credit is ok.
- Highest amount allowed is $35,000.
- Available in many states.
Cons:- People with really bad credit can’t apply.
- You can’t have an account with a late payment for longer than 60 days or a recent bankruptcy.
- You can’t have any recent charge-offs or late payments.
Best for: Bad Credit |
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SignatureLoan  | Amount $1,000 – $35,000 | Min Credit Score 0 | APR 5.99% – 35.99% | Approval < 1 Day | Terms 2 – 5 Years | | | Offering loans to borrowers of all credit scores, SignatureLoan provides reliable financing in as little as five minutes. Loans range from $1,000 to $35,000, but large amounts are usually only accessible to those with high credit scores. Its APRs range from 5.99% to 35.99%, but loans are not available to residents in the state of Maine. As well, you must have a minimum monthly income of $1,100 to qualify. The application process is quick and easy, and through its e-signature feature, you can even receive funding without mailing in any physical paperwork. Pros:- Low credit score requirements of 0.
- Bad credit is ok.
- Highest amount allowed is $35,000.
Cons:- People with really bad credit can’t apply.
- Risk to lose your partnership.
Best for Co-signer Loans |
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