How to Get Personal Loan If You Have Really Bad Credit

ElitePersonalFinance
Last Update: September 25, 2023 Credit Report Loan Reviews Loans

If you have a FICO score between 300 and 579, then lenders consider you have bad credit. FICO credit score rating looks like this:

  • Excellent (800 to 850)
  • Very Good (740 to 799)
  • Good (670 to 739)
  • Fair (580 to 669)
  • Bad (300 to 579)

However, just because you have bad credit doesn’t mean you can’t qualify for a personal loan. Getting a personal loan is possible even if you have really bad credit. Still, you have to be really careful because many predatory lenders are trying to scam people in a situation like yours.

Here are our best picks for those looking for a loan now and are with bad credit.

Loan Company:Min. Credit Score:APR:Amount:
ZippyLoan0Vary$100 – $15,000
LifeLoans0Vary$100 – $40,000
NextDayPersonalLoan0Vary$100 – $40,000
VivaLoan0Vary$100 – $15,000
PickALender0Vary$100 – $40,000
FundsJoy0Vary$100 – $5,000
WhiteRockLoans0Vary$100 – $5,000
OppLoans059% – 160%$500 – $4,000
RiseCredit060% – 299%$500 – $5,000
NetCredit034% – 155%$1,000 – $10,000
PossibleFinance0150% – 200%$50 – $500
FigLoans0176% – 229%$50 – $800

Watch our video that shows how people with bad credit can get a personal loan.


This guide will walk you through all the steps you can take to get personal loans and even lower your rates with really bad credit. But before that, we want to make one very important clarification!

There is another big problem apart from getting the loan, and this is if you