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Best Bad Credit Loans With Guaranteed Approval: Get Loans For Bad Credit In 2022

MoneyMutual
Posted at 8:00 AM, Oct 03, 2022
and last updated 2022-10-03 13:12:13-04

Borrowing money has existed forever. We can find ourselves in tight situations in a world where everything is paid. The only difference is that today, the borrowing process has moved online thanks to technology.

If you have a bad credit score, it’s no wonder you have found yourself before this article. We know how you may feel, but we assure you that a solution for your case exists. We suggest you get bad credit loans with guaranteed approvals. And if these kinds of loans are your choice, we will tell you everything you need to know about them.

Only for you, we picked the best bad credit loan companies at the moment and brought all their features to you. Plus, we gathered all the additional information we could find and arranged it to make your lending process easier and more comfortable.

All you have to do is read and obtain all the valuable information that will support you and make your lending journey smooth and untroublesome.

Best Bad Credit Loan & No Credit Check Loan Companies

  1. Money Mutual: Best Online Bad Credit Loans With Guaranteed Approval
  2. Bad Credit Loans: Best Online Loans For Bad Credit No Credit Check
  3. RadCred: Quick Loan Approval From Bad Credit Loan Lenders
  4. CashUSA: Guaranteed Loans For Bad Credit Online; Same Day Funding
  5. PersonalLoans: Best Bad Credit Loans & Personal Loans

#1. MoneyMutual: Best Online Bad Credit Loans With Guaranteed Approval

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When in need of brisk money, Americans turn to the reputable MoneyMutual. In detail, MoneyMutual was established in 2010 to help people who are looking for emergency cash.

Ever since MoneyMutual has worked as a bridge between clients and lenders. Hundreds of probable lenders are at bay and ready to present you with a deal for bad credit loans with guaranteed approvals.

However, to be approved, you must take some simple steps. The first is completing a free, straightforward online application asking about your data.

If you have a bad credit score, you needn't worry because these lenders are open to working with you. Though, for a loan contract to happen, both sides must cooperate.

In other words, if you are offered a fair deal, it's up to you whether you will accept it. If you don't like the proposal, you can refuse. Yet, there's always a chance for negotiation and devising an arrangement.

Importantly, if you accept a loan offer, a lender can transfer your money to your bank account in as little as 24 hours.

Highlights

Fast online process

The approach for applying for a loan at MoneyMutual is fast and simple. To apply, you must meet two criteria, be 18 years old and have a monthly income of $800.

Another thing you must specify is the loan amount. By far, MoneyMutual offers loans up to $5,000.

Once you complete the online form, enter personal data, and are linked to a lender, there’s no waste of time and unnecessary documentation and complications. You are presented with a deal from the lender with given terms and conditions to decide whether it’s acceptable for you.

A safe and encrypted website

Borrowing money online is a delicate subject. And the team behind MoneyMutual knows this. That's why they assert that all personal information on the website is safe and can't be misused.

Their site is protected with 256-bit encryption. Therefore, don't worry about your financial details or any information you enter; relax and start the process.

Interest rates and repayment periods

As you may expect, interest rates and repayment periods often go together and are one of the most important factors when borrowing money.

People usually turn to MoneyMutual’s services because the lenders there seem to present them with good and adequate interest rates. However, the company hasn't got a fixed APR.

On the other hand, the repayment period's upper limit is set to 60 months. Still, there's always a space for negotiations. All in all, interest rates and repayments depend on the lenders and are set according to the loan amount and your financial background, among other things.

Types of online loans

MoneyMutual offers bad credit loans with guaranteed approvals. Besides, there you can find the most common online payday loans, personal loans, online loans and cash advances.

You can use the approved funds for any reason, be it a huge incoming purchase, a trip overseas, a wedding, or a new car. Of course, you can always pay your existing debts and student loans or finish with your bills or costs.

Customer reviews

Lastly, but not less significantly, MoneyMutual has tremendous customer reviews. You can find them on the site, and if you look further, you can uncover that their lenders have supported many people.

In detail, MoneyMutual has helped 2 million people and counting. Some clients state that this remains the number 1 online lending network for people, and you won’t be disappointed.

Pros

  • Loans from $200 to $5,000
  • Data-encrypted site
  • 24 hours approvals
  • Bad credit loans and other loan services
  • 2+ million satisfied customers

Cons

  • No fixed APR rates
  • Its services are available to American citizens only

#2. Bad Credit Loans: Best Online Loans For Bad Credit No Credit Check

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Another excellent choice for bad credit loans with guaranteed approvals is Bad Credit Loans, a network of lenders that has been present since 1999. One of the most attractive things about Bad Credit Loans is that it collaborates with Tribal and State lenders. Therefore, you have a greater chance of finding what you need.

To be familiar, Tribal lenders work under Tribal and Federal laws and often display higher interest rates, while State lenders work under State laws and display lower interest rates. BadCreditLoans also collaborates with other third-party lending companies and lenders, so if you don’t match with one of the lenders on their site, you can connect to them.

As you may expect by now, all you have to do is fill out an online application that is available with just one click, and the whole process is quick and easy. After, you’ll be connected to lenders, and if you make a compromise, you can get the cash in 24 hours.

Highlights

Rapid online process

When you open the application available at Bad Credit Loans, the platform will ask you for your details; your name, address, and work status. Also, the main thing is that you must be a US citizen.

The process is rapid and simple, so we believe you won’t have any issues. If you are in the mood to give the details about your financial situation and the reason for your loan, you are all set.

The next thing to do before being linked to a lender is to enter the sum of your loan. At Bad Credit Loans, online loans can be as big as $10,000, making the network excellent for those looking for a more considerable sum.

You are the boss, and only you can decide whether a loan proposal is satisfactory. If you like the terms your possible lender gives, you can seal the deal and enjoy the perks of bad credit loans with guaranteed approvals.

APR rates and repayment time

One of the things we appreciate the most about Bad Credit Loans is their fixed APR rate range. In detail, the APR varies from 5.99% to 35.99%. This is great because even though Bad Credit Loans can’t guarantee you how high an interest rate may be, they have a limit, so lenders won’t be able to charge you above that.

Moreover, repayment periods are also specified, ranging between 3 and 72 months. If you can’t make it in a given period, you can always ask your lender for an extension. Please remember that the interest rates and repayment periods depend on the lenders, the amount of your loan, the reason behind it, and your financial situation.

Pros

  • Different types of loans
  • Loan amounts up to $10,000
  • Fixed APR rates
  • Set repayment period limit
  • 24/7 customer support
  • Free application
  • Obligation-free rates

Cons

  • For US citizens only
  • Some qualifications are too demanding for individuals

#3. RadCred: Quick Loan Approval From Bad Credit Loan Lenders

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The third lending network on our bad credit loans with guaranteed approvals list is RadCred. Yet another prominent name in the lending industry, RadCred, is here to support people who miss some dollars in a certain period of their lives.

This company works as a tie between borrowers and potential lenders. They, too, advertise other third-party networks and lenders, which sometimes may be just what you are looking for.

As with other lending networks, you will be given an online form, which you must fill out to start the loan process. Then, RadCred will match you with the lender who’s the most suitable for your situation.

If you like what a lender suggests, you can accept and seal the deal; in contrast, you can always decline and try your luck elsewhere. If everything goes smoothly and you find what fits you, you can expect a very fast approval and receive the money in one business day.

Highlights

Free online application

We mostly like and recommend this lending network for bad credit loans with guaranteed approvals because their lending process doesn’t take much time and effort. Therefore, you can expect a quick online application with RadCred. You have to give your name, address, email, ZIP code, and the last four digits of your SSN.

Remember that you also must ask for a particular amount of money, which in the case with RadCred lenders can be up to $5,000. Thus, if you are looking for a considerable sum, you may skip RadCred from the start and try yourself with another lending network.

Types of online loans

RadCred works with people with bad credit scores, so that’s why they have found themselves on our list. However, they also offer quick loans, such as personal and payday loans.

You can invest the cash you get or cover mixed costs. In detail, you can do major home or auto repairs, cover a wedding or a funeral, or unexpected medical costs. If you have a business, you can boost it or finally do the purchase you always wanted to.

Pros

  • Free and rapid online application
  • Fast approvals for loans up to $5,000
  • Different kinds of loans for bad credit score owners
  • Safe, respectable, and prominent network

Cons

  • No fixed APR rates
  • No limited repayment periods
  • All terms are discussed with lenders

#4. CashUSA: Guaranteed Loans For Bad Credit Online; Same Day Funding

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CashUSA is one of the most reputable lending networks in the States. That’s not only because they know their job and collaborate with trustworthy State and Tribal lenders, but also because they offer bad credit loans with instant approvals. To be concrete, you can always turn to their services if you have a bad credit score.

When applying, you need to fill out an online form, which is very easy to complete. Afterward, CashUSA will send your information to the lenders, and if someone is willing to aid you, you will be instantly matched.

CashUSA doesn’t push its clients to accept offers from lenders. This means that everything regarding your loan depends on your preference. And, if you like what a lender suggests, you can shake hands and get the funds in 24 hours.

Pros

  • Various kinds of loan offers are available
  • Loans from $500 to $10,000
  • Rapid 24 hours approvals
  • Fixed APRs and repayment periods
  • Education Center
  • Free and fast application
  • Autopay option
  • Data-encrypted and secure website

Cons

  • Late repayment fees may arise
  • Available to US citizens only
  • A lot of personal information required

#5. Personal Loans: Best Bad Credit Loans & Personal Loans

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Personal Loans is the final company we consider adequate for bad credit loans with guaranteed approvals. It has been present for a while, and they have learned the fairest ways to help people. The company is steadfast, honest, and stable, and you may find a solution to your financial crisis there.

Besides their collaboration with possible lenders, Personal Loans offers third-party lending services, such as distinct cash advances. You probably understand that the lending process is very similar among lending networks. First comes the online application, which is free and easy to answer. Thereon, you are linked to probable lenders.

The acceptance of the lender’s proposal depends only on you. That’s why inspecting the conditions twice before accepting is important. You have three options:

  • Continue and close the deal
  • Negotiate the terms
  • Refuse it all and proceed to another more suitable network 

When you accept an offer from their suggested lender, you can be quickly approved and receive money in 24 hours.

Pros

  • Numerous loan services
  • Loans from $1.000 to $35,000
  • Fast and free online form
  • Instant approvals
  • Fixed APR
  • Repayment periods from 3 to 72 months
  • Late repayments available

Cons

  • Your info can be shared with third-party lenders 

FAQs: Online Loans For Bad Credit

Q1. Do I need a bank account for bad credit loans with guaranteed approvals?

Yes, one criterion you often have to meet with online lending networks is a bank account in your name. That way, the transfers can happen directly and straightforwardly.

Almost all lending networks will ask you for a bank account in your name. Otherwise, you won’t be able to apply for a loan.

Q2. What is considered a good credit score?

If you hope to get approved for online bad credit loans with guaranteed approvals with lower interest rates, you have to show at least a credit score of 670. However, a good credit score is often above 690.

If you are in the lower range, for example, have a credit score under 600, you have a poor credit score. In such cases, you can still be approved for a loan, although interest rates may go up.

Q3. What interest rate can I expect with a bad credit score?

As we mentioned, bad credit loans with guaranteed approval and other types of online loans have an APR range from 5.99% to 35.99%. The lower the credit score, the higher the chances that the interest rates will fall in the upper range.

It’s often complicated to tell you how big of an interest rate you can expect because the interest rates don’t only rely on the credit score but also on other factors we mentioned above.

Conclusion: How Can I Get A Loan With Bad Credit?

After everything we compiled in this article, we can say that we believe that these five loan companies are the best loan providers currently on the market.

You have noticed that the application process is faster, you don’t need much paperwork, and the criteria you are asked for are often uncomplicated and easy to deliver. Therefore, when looking for a solid lending network, choose one of these five companies as they will provide you with the loan offer that suits you the most.

We hope that you will be able to get the emergency funds you need without any issues and that you will find a solution to your financial crisis. Follow the tips and tricks you have discovered here, and always do your additional research.

If you still feel insecure and are in doubt, it’s best to consult a financial advisor who will help you with your selection.