Bad Credit Loans: Top 5 Loan Companies For No Credit Check Loans & Personal Loans With Bad Credit Of 2022

Getting a conventional loan can be time-consuming and nerve-racking if you have bad credit. People who have a bad credit score have a tough time getting a loan, and at some point, it may even seem impossible. Banks are out of the picture since they always do an extensive credit check and require every user to have a FICO credit score of 660 and above. If you feel stuck in a corner and don’t know what to do, we might be able to help.

We recommend that you try a platform for online lending that guarantees approval even if you have bad credit. We will review the most reliable online lenders, and in our article, you will find a detailed list of the best companies for bad credit loans with guaranteed approvals.

This may be the first time you hear about these online lenders; however, such platforms are abundant online, and may provide you with a fast loan in time of emergency. Unfortunately, only a handful of them are reliable and offer reasonable interest rates. We researched and weeded out the most trustworthy companies that offer the best bad credit loans.

Top 5 Online Lenders For Best Bad Credit Loan

For our article, we did not just pick out the most popular platforms for bad credit loans; instead, we chose highly reputable loan providers with reasonable interest rates. This is because many online lenders charge enormous interest rates and other expenses. The companies we choose are known to be trustworthy, won’t cheat you out of money, and will keep every information you fill in the appliance form safely. The platforms that we decided on are:

  1. Money Mutual: Overall Best Lender For Bad Credit Loan
  2. BadCreditLoans: Top Lender Online Loans With Bad Credit
  3. RadCred: Get Instant Cash Advance Loans With Guaranteed Approval
  4. CashUSA: Best For Instant Loans & Personal Loans
  5. Personal Loans: Popular Lender For Personal For Bad Credit At Low-Interest Rates

#1. Money Mutual: Overall Best Lender For Bad Credit Loan


Easily one of the most highly reputed and popular companies for bad credit loans is Money Mutual. This company has been dominating the industry for many years, and its popularity has grown because, in most cases, it doesn’t do a thorough credit check on borrowers. This platform offers free service for borrowers with bad credit history and connects them with genuine lenders. People may obtain a loan regardless of what their credit ratings look like. Money Mutual is not directly involved in the whole borrowing process. It is simply a platform where the two parties meet, and the transaction begins.

The best way that Money Mutual can be described is like eBay or Amazon, but instead of products, only loans may be obtained. The platform has been in business for over a decade and has helped over two million customers across the United States to get guaranteed approval.

According to statistics, Money Mutual has started because over 40% of Americans couldn’t get their hands on 500 dollars for a financial emergency. The company was created in 2010 and since then has been helping people with bad credit history get an approved loan.


Money Mutual acts like a bridge between the borrower and the lender. The whole operation of applying and getting approval is straightforward. The borrowers must fill out a form on the Money Mutual’s website that asks for basic personal and financial information such as: age, address, financial stability, etc. Once the form is done, the application form is sent to a vast network of lenders. You have now officially applied for a loan.

Money Mutual has partnered up with over 100 reliable lenders. Once the request is sent, many different lenders might give you an offer. Users that apply for a loan can read the terms and conditions of every preposition and choose the one that fits their personal needs. Borrowers don’t have any obligation to sign, and if they don’t like any of the offerings, they can decline altogether.

Something else worth mentioning is that all of the lenders that work with Money Mutual are third parties. For that reason, the platform does not take any responsibility for frauds or scams.

If you find a reasonable offer and accept it, you may expect the funds to be transferred into your account in less than 24 hours. Money Mutual also has a section dedicated to customer complaints and offers 24/7 customer support.

  • Reputation

Over a decade of hard work has helped Money Mutual gain an excellent reputation. The company has helped over two million borrowers with bad credit loans to get guaranteed approvals. This includes old and loyal customers who have used this platform several times and newcomers who recently discovered it.

  • Secure and encrypted website

The number of people that chose Money Mutual is increasing every day. This is because of the privacy and security the platform has to offer. In the application form, much financial and personal information is being shared. Such information has to be safe and encrypted. This company guarantees data protection with Norton’s 256-bit encryption.

  • Annual percentage and interest rate

Money Mutual has a vast network of different lenders, and each one may offer different interest and annual percentage rates. However, the lenders may ask for a competitive rate and don’t ask for any unnecessary expenses.

Compared to the market rates, the APR and interest rates at Money Mutual are competitive. There is no exact amount that we can provide you because it all depends on different factors like the borrower’s financial situation, the loan amount, the lender, etc.

⇒ Visit the Official Website of Money Mutual


  • Rated as the best company for bad credit loan
  • Easy to use
  • You may fill out the application form in a couple of minutes
  • Wide network of lenders
  • Reputable and experienced platform
  • The funds may be transferred to your account in less than 24 hours
  • Great customer reviews
  • Encrypted and secure website
  • Free of cost service


  • Only US Citizens can get a loan
  • Not available in New York

#2. BadCreditLoans: Top Lender Online Loans With Bad Credit


Next on our list is Bad Credit Loans, another great platform that acts as a bridge between lenders and borrowers. This company was founded in 1999 and since then has helped millions of people get a bad credit loan with guaranteed approval.

Bad Credit Loans is a network that helps people with bad credit ratings to obtain an online loan. The platform offers free services and connects borrowers to many lenders without background checks on their credit history. This is a distinguishing feature of the company because most lenders always do a credit check. People in need of emergency cash have been known to apply for a loan at Bad Credit Loans every time.

This company works with third-party lenders and doesn’t have any control over its list of lenders. However, the platform offers essential information that the borrowers need and may help them decide which lenders are more trustworthy.

If you need help with debt relief, debt consolidation, rent, auto repairs, credit card refinancing, vacation, or any medical emergency, Bad Credit Loans likely have you covered.

The platform’s lending network might help you make an excellent loan decision, and there is no obligation to accept any offer that comes your way.


Like our previous company for bad credit loans with guaranteed approvals, Bad Credit Loans works with unbiased lenders who establish their terms and conditions.

If borrowers decide to ask for a loan using this company, the range can be 500 to 10,000 dollars. On top of that, Bad Credit Loans has one of the most flexible payment options. This platform may allow you to repay your loan in up to three years. Something else worth mentioning is that the interest rates may vary from lender to lender, and everyone has different terms. On average, the interest rates at Bad Credit Loans range from 5,99% to 35,99% APR.

To be suitable for a bad credit loan, the company asks that you are over 18 years old and capable of making your own financial decisions, have a stable income, and be a US citizen. These are the basics that the Bad Credit Loans application form may require. Third-party lenders have different eligibility criteria. Borrowers may have to follow three simple steps to apply for a loan online. If they decide to accept an offer from a lender, the funds might be transferred into their account in less than 24 hours.

  • Application form

If you need emergency cash, the first thing you need to do is fill out the application form on the official website. The form may require basic information like the reason for the loan, details, the amount you need, personal information, financial information, and citizenship proof. This is where your job ends. After filling out your form, Bad Credit Loans does the rest of the work for you. The platform connects you to trustworthy lenders selected with an AI algorithm based on your info. The lender goes through your information and decides if you are eligible to get a loan. If the answer is yes, it offers you a payday loan with terms and conditions. If you like the offer, you can accept; if not, there is no obligation to sign. There is no going back once the offer is accepted, so carefully read the terms and conditions.

  • Obligation-free rates

A great feature of Bad Credit Loans that separates the company from its competitors is that it offers obligation-free rates. Obligation-free rates mean the borrowers can look at several loan options to decide what is best for them. If they decide to accept, great; if not, there is no obligation to accept any offer. Bad Credit Loans don’t charge anything for appliances. Instead, the platform makes a profit by charging the lender a small fee. This contributes to the company’s overall reputation and eliminates any shady or fraudulent procedures.


  • Loans up to 10,000 dollars
  • Obligation-free rates
  • Transparent platform
  • Potentially safe and secure website
  • More than 25 years of experience
  • Easy for borrowers to find a lender
  • You may fill out the application form in 5 minutes
  • Allows you to compare interest rates between lenders
  • The credit requirements are very flexible
  • You might receive the funds within 24 hours
  • Around the clock customer service


  • Borrowers with poor credit history may receive a lower loan amount

#3. RadCred: Get Instant Cash Advance Loans With Guaranteed Approval


RadCred is a platform that has connected numerous people with reliable lenders. This online lender is the oldest on our list and has gathered a lot of experience. RadCred’s mission has always been to provide users with secure and practical tools to deal with their financial difficulties.

RadCred is a great platform for people who have bad credit ratings and need a short-term loan that may fulfill their financial requirements. The company has two decades of experience in the online lending market and has managed to stay on top despite facing fierce competition.

The most impressive feature of this platform is that it offers large and small amounts to borrowers. This feature makes RadCred more flexible than any other online lending company. The company focuses on both parties, and so far, the lenders and the borrowers seem happy with how well they can connect via RadCred. This platform has revolutionized the industry and has always been able to evolve and adapt to user and lender requirements.


RadCred may be one of the most reasonable and reliable lenders due to their affordable APRs and interest rates. The company offers loans to people with good and average credit and guarantees approvals for people with bad credit scores. The platform only works with transparent lenders about their terms and conditions.

All of the companies in our article have the same fast and secure application process as RadCred. The platform may be particularly suitable for borrowers who need a small amount of cash with a competitive interest rate.

The application form can be filled out in minutes and only requires the typical basic information. The form asks for name, zip code, email, age, etc. RadCred takes security very seriously and guarantees the protection of every user’s information.

Once the form is submitted, it goes to an online community of lenders. If a lender is interested in working with you, it will redirect you to its official website. The whole process is straightforward and fast.

The lender’s website may provide all the details about the agreement, like the amount, interest rate, time for repayment, and more.

  • Safety

RadCred is a platform with the customer’s needs and safety as a priority. TRUSTe reviewed and verified the company, which provides maximum safety and security. The platform also has many other reliable certificates like McAfee SECURE, which ensures the safety of every user while using the official website.

  • Customer experience

Being in business for more than two decades, RadCred has a massive fan base, and almost every borrower that tries to get a bad credit loan has something nice to say about this platform. Customers are praising the website for its fast and secure services. On top of everything, RadCred might be an excellent option for people looking for bad credit loans with guaranteed approvals in emergencies. The lenders may transfer the funds within 24 hours, and customers couldn’t be happier.

  • Additional features

Connecting borrowers to trustworthy lenders is the primary purpose of RadCred; however, the platform also offers extra features that customers may use. RadCred has many financial tools like loan and debt calculators that might help customers on a budget. The website also contains several different articles on financial topics like bad credit loans, how to improve your credit score, etc. The additional features can be used by anyone and are completely free.


  • More than two decades of experience
  • Free service
  • Simple to use and easy to navigate platform
  • Lenders may deposit funds directly to your account
  • No in-person meeting required
  • Eligible for people with bad credit history who need a small amount of cash
  • Verified by TRUSTe


  • Not as popular as the other online lenders on our list
  • The eligibility criteria are strict

⇒ Visit the Official Website of RadCred

#4. CashUSA: Best For Instant Loans & Personal Loans


CashUSA is another potentially reliable platform that offers many options to borrowers for funding their emergency requirements. If you need to pay a debt back, purchase something, or have a medical emergency, CashUSA may help you connect to an adequate lender. A distinguishing feature of this platform is that, in some cases, it allows you to get double the amount that you would get from other poor credit loan services. Our list of bad credit loans with guaranteed approvals would not be complete without mentioning CashUSA. The website is easy to navigate and requires a few simple steps before connecting you to a suitable lender.

CashUSA connects borrowers with bad credit scores to reliable lenders who don’t do a background check. The lenders might give you offers based on your personal information and other factors. The only thing they will not check is your credit score.

Even if it is third on our list, CashUSA is one of the industry’s most reliable and reputable online loan platforms. If you have a bad credit score or poor credit history, this company might help. The lenders that work with CashUSA are more interested in your financial stability than your extensive credit checks. Anyone can fill out the application form since it is effortless.


People who choose CashUSA to connect with lenders may get very flexible terms and conditions on the loans they want. If, for example, you need 1,500$, the interest rates might range from 5,99% to 35,99%. At first, this may seem like a lot; however, it is very low in online lenders that give bad credit loans with guaranteed approvals.

CashUSA works similarly to the other platforms that we reviewed. The application process asks for basic information like name, age, email, the amount you need, etc. The next step requires additional information such as phone number, social security number, financial situation, and information about your bank account.

The last step after providing your financial information is submitting the form. Afterward, CashUSA takes over and does the rest of the work. The platform works with various lenders, and the application is sent to them. If a lender is interested in working with you, they will likely make an offer.

Reading about the whole application process, you may think that it is a hassle and that there is too much information involved, but the form may only take a couple of minutes of your time, and it might be worth it in the end.

  • Fast and simple process

Compared to conventional loans, payday loans don’t require an in-person meeting, and if you accept an offer, the funds might be transferred into your account in less than 24 hours. For borrowers to request a loan, CashUSA requires one application form that goes to a vast network of lenders. The process may be done almost instantly, and unlike traditional banks, you might get approval within a day.

  • Autopay and online payments

Another feature that separates CashUSA from its competitors is the repayment options. Namely, the platform allows a lot of flexibility. Borrowers may start the repayment process when it feels the most convenient for them, and they can do that by using auto payments or manually online. The autopay option allows customers to forget about the loan and let CashUSA take care of everything. Therefore, the platform will draw the repayment funds from the customer’s bank account each month.

  • Private and secure platform

CashUSA uses a new encryption technology that may prevent any leaking of information, keeping the borrower’s data safe and private. This feature also includes personal and financial information. The files on this platform are secured and may be accessed only with proper authority. In addition to that, the team behind the platform runs daily tests to make sure the website remains safe.

⇒ Visit the Official Website of CashUSA


  • Large network of lenders
  • Customers may receive loans of up to 10,000 dollars
  • Easy to use website
  • A new encryption technology that potentially keeps user’s data safe
  • Upon guaranteed approval, the funds may be transferred directly to the customer’s bank account
  • Flexible loan repayments
  • Over one million users monthly
  • Autopay option available
  • Available for short and long term loans


  • At times, additional information is required from the borrowers

#5. Personal Loans: Popular Lender For Personal For Bad Credit At Low-Interest Rates


Continuing our list, Personal Loans is an online platform with a mission to provide secure and convenient poor credit loans to people who need them. This platform connects borrowers in need of emergency cash to secure lending services. The company partners with many financial agencies and lenders who may help people get bad credit loans with guaranteed approvals.

Personal Loans is one of the few lending services on the market today that offers you the choice of dealing with two separate networks of lenders. One of the networks consists of lenders that may specifically help people with bad credit history. Both networks don’t require any payment, and there are no extra hidden fees. To make the connection between a borrower and lender, this platform only asks a couple of minutes from your time. The only thing you need to fill out is the application form which you may do without hassle in a few minutes.

The application form at Personal Loans doesn’t require too many details, and we are confident that you may complete it in no time. The borrower’s application form is later forwarded to eligible lenders based on the information provided.


Personal Loans is a platform that may offer fast, guaranteed approvals regardless of the reason behind the money, the amount, and what time the money is needed.

The company is located in Utah and has been one of the industry leaders for a while. Many conventional online lenders in the lending business don’t offer bad credit loans with guaranteed approvals, but Personal Loans do. The platform has been active for over a decade, and over this time, it has gathered the trust of thousands of borrowers. While conducting our research, every review section we checked had something nice to say about this company.

Whether the reason behind the loan can be medical bills, house renovations, or car repairments, Personal Loans might have a solution. The application process is simple and may be done quickly. Once you submit your personal and financial information, the form is circulated in an extensive network of trustworthy lenders. This saves a lot of energy and time since you don’t have to reach out to every lender individually. After receiving an offer, you need to read the terms and conditions and choose if you want to accept, negotiate, or decline.

  • Customer satisfaction

Personal Loans is an online lending platform that won every customer’s heart. Users are satisfied with the flexible options the service provides and that it doesn’t require any unnecessary information. The application form can be done with ease and only requires relevant information. On top of everything, customers enjoy that they may obtain loan rates and other details regarding the offer. Users can decide which lender is the most eligible for them, and there is no pressure to accept the offer. Borrowers also love that they don’t have to pay anything if they decline the offers.

  • Customer service

Another significant contributor to the customer experience is the customer service that Personal Loans offers. If the borrowers have any trouble using the platform or just need some extra information about the loan terms, the customer service is always there to help. They may be contacted by phone or email. The customer support offers round-the-clock guidance and has a crew that is always on the lookout.

The customer service team of Personal Loans is courteous, helpful, and extremely patient. They may empathetically answer any client’s questions and offer solutions to. In addition, the website has educational tools that may help newcomers.

  • Security and privacy

Like every reliable online lender, Personal Loans focuses on the platform’s security and keeping personal information from the borrowers safe and private. The company follows all the applicable security laws that ensure no data leaks.

⇒ Visit the Official Website of Personal loans


  • More flexible funding options than any other online lending platform
  • Easy to navigate website
  • Fast application process
  • Wide network of lenders
  • Guaranteed approval
  • Option for two separate network lenders
  • Free service
  • High and medium-sized amounts
  • Flexible repayment terms
  • Available loans of up to 30,000 dollars


  • Not available in some US states
  • Some of the lenders require bi-monthly repayments

How We Made This List For These Top Online Lenders For Bad Credit Loans

Now that you are aware of our choices for the best platforms that offer bad credit loans with guaranteed approvals, we like to explain the thought process behind our research. The number of online lenders is increasing every day, and the market for bad credit lenders is enormous. This includes a lot of fraudulent and fake companies. After thorough research, we weeded out the shady companies and picked our five platforms based on several factors. We paid the most attention to:

  • Interest rates

We all know that bad credit loans and payday loans come with a price, and we mean that literally. The first factor we considered while conducting our research was the platform’s interest rates. On average, the companies that offer bad credit loans charge higher interest rates than banks. Therefore, you need to wrap your head around the fact that you will need to pay higher interest charges if you need emergency cash and have a bad credit score. However, this does not mean that the interest rates and APRs should be an excessive amount, just higher than average.

With that in mind, we compared interest rates from different reliable loan providers before making a final choice. Keep in mind that you may pay less interest if you request a small amount. All companies we choose have flexible interest rates prompted before signing the agreement between the borrower and the lender. There are no reported extra charges afterward, no matter how promptly you make the repayments.

  • Eligibility criteria

If you don’t meet the eligibility criteria from the start, it doesn’t matter if you have found the ideal loan that may help with your requirements. For that matter, the five companies we decided on have available information on their websites where you may see the credit requirements of different lenders before you try to connect with them. This section usually contains the FICO scores required by each lender. There is additional information about the amount of money you would probably owe the lender, how much is your monthly income, and other essential features that will eventually end up determining whether or not you may receive a loan.

The platforms that we choose work with lenders who will likely not mind your poor credit scores, and as long as you have a steady income, you may get a loan. Don’t be surprised if the lenders still require information about your bad credit history. This is a common practice for lenders for bad credit loans.

  • Fund transfers

Since bad credit loans are closely related to payday and short-term loans, the money has to be quickly transferred into the borrower’s bank account in case of an emergency. The five platforms that we picked offer a quick and simple application form that you may fill in a couple of minutes. Afterward, if a lender sends you a good offer and you accept it, the funds may be transferred into your account in less than 24 hours. This is a tremendous advantage that may compensate for the higher interest rates. If you go with a bank, the entire loan approval and receiving the funds may take two weeks.

Beginners Guide: Factors to Consider Before Applying For a Bad Credit Loan

It is 2022, and getting guaranteed approval for a bad credit loan without background checks is easier than a couple of years ago. However, some specific procedures still need to be followed for acquiring such a loan. Here are some steps you may take and things to consider if you are a complete beginner and have never applied for a loan before.

  • Choose a valid lender

There are a lot of money lending sites out there, and if you don’t prioritize the reliability and reputation of the site, you may be entering right into a trap or a scam. However, this is much easier said than done, with so many platforms on the market that offer bad credit loans. We suggest going with a popular lender that has been in business for many years. If you don’t know where to start, we suggest starting with an online lending platform from our article.

A site that requires payment even before the loan is approved is probably a scam.

  • Check your credit score

Another thing you need to do before asking for a loan is to check your credit score. You may do so by quickly reviewing your credit report online. These reports, in most cases, have errors, so it is always a great choice to go through them before applying for a loan. In a best-case scenario, your score may not be that bad, and you might be able to get a lower interest rate.

  • Compare interest rates

Before deciding on a lending platform, we recommend taking your time and comparing different interest rates. The pre-approval on your loan may give you a basic idea of the interest rates. It is essential to know that this will not affect your credit history adversely. In addition, you may get interest rates for every online lending site and make a much easier decision.

Frequently Asked Questions On Bad Credit Loans

Q1. How can I improve my credit score?

The easiest and fastest way to potentially improve your credit score is by managing your prepayments and repayments on time. You should avoid any delay because late payment penalties might hurt your wallet and credit score. Pay off any short-term debts, and we guarantee that your FICO credit score may go up.

A good credit score is an excellent indicator of your overall financial stability. This may allow you to acquire better loans and interest rates for yourself. The first thing you need to do is see your credit score and set a standard for improvement.

Q2. What interest rates should I expect on a bad credit loan?

We are going to try to explain this as simply as possible. Just like the rule of thumb, if your FICO score is less than 670, you fall into the category of a subprime borrower. If your FICO score is even lower and under 580, your score falls in the range of “very poor.”

Every individual lender has its eligibility criteria for terms, conditions, pricing, and loan approval. This whole thing makes the question much more complex, and it is hard to predict what the APR or interest rates on your loan would be. On average, people with bad credit history and a stable income get interest rates between 5,99% to 35,99%.

Q3. Can I get a bad credit loan with guaranteed approvals if I am unemployed?

The outstanding feature of choosing a bad credit loan is that such loans may even be obtained by not formally employed people. People don’t need a steady job or a steady source of income for a lender to lend them money. The lenders just need a piece of adequate evidence that you have sufficient funds in your account. They might approve your request for a short-term loan with only that information. In addition to that, the lender is considering different types of sources that provide you with an income, not just your employment. To answer the question more directly, yes, it is possible to get a bad credit loan with guaranteed approvals from an online lending platform even if you have a bad credit score and you are unemployed.

Wrapping Up On Choosing The Best Bad Credit Loan Lender

To conclude, bad credit loans with guaranteed approval are not that difficult to obtain online if you know where to look. The application form and the whole procedure are easy to follow even if you have never done it before. The platforms we reviewed are reliable and have been in business for many years. Whichever one you choose, they may connect you directly with a lender. The lenders might give you the funds you need, and they may be in your bank account in less than 24 hours.

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