Brand Spotlight


Best Online Loans For Bad Credit: Top Payday Lenders For No Credit Check Loans

Posted at 7:33 AM, Oct 17, 2022
and last updated 2022-10-17 07:33:10-04

Numerous platforms on the market offer bad credit loans with guaranteed approvals or at least have a very high approval rate. But what's so great about them? Unfortunately, this is a question many people never ask themselves.

Instead, they focus on getting approved first and then worrying about the fine print later. As a result, such borrowers don't find out until later that it was a mistake not to take advantage of any of the great features of these loans to save money and time later.

Now, it's time to turn things around and adequately get out of that financial rut you've dug yourself into. Since you cannot qualify for a traditional loan at a bank or credit union, banks often don't have other options to offer you. Luckily, with guaranteed bad credit loans, getting the money you need is easier than ever before

However, you can find bad credit loans from an online lender willing to work with your situation. Bad credit loans should be your first choice when looking for an unsecured personal loan. Since your credit history will reflect any previous issues or missed payments on your credit score, you need to be careful.

It's hard enough to borrow money with a bad credit history, the high cost of borrowing, and the difficulty of getting approved. So, in this article, we’re going to be looking at some of the best on the market today.

Top 5 Loan Lenders Offering Bad Credit Loans Guaranteed Approvals

  • MoneyMutual - Overall Best Online Loans For Bad Credit, Fast Funding
  • BadCreditLoans - Popular Loan Company Providing Fast Loans For Bad Credit 
  • RadCred - Most Trusted Lender Of Instant Payday Loans With No Credit Check
  • -  Best Instant Cash Advance Loans Online; Same Day Approval
  • PersonalLoans - Payday Lenders Offering Personal Loans For Bad Credit

#1.MoneyMutual - Overall Best Online Loans For Bad Credit, Editor’s Pick

money mutual

MoneyMutual is the lending marketplace website that offers unsecured bad credit loans to people who need money but have a poor credit history or no credit history. The company was founded in 2012 and had been operating since then. It has grown rapidly over the years and now serves millions of users across the United States.

The platform connects lenders and borrowers directly, so no middlemen are involved in the process. So if you're looking for a way to pay off an unexpected expense, or perhaps you need some extra cash until your next paycheck, MoneyMutual can provide the funds you need.

MoneyMutual offers several loan options for borrowers looking for bad credit or unsecured personal loans. The company also specializes in providing loans to borrowers with low credit scores, so if other lenders have turned you down, MoneyMutual may be able to help you find a solution.


Easy Application Process: The application process for getting a loan from MoneyMutual is easy and fast. You have to fill out their online application form with basic information about yourself and what type of loan you want (bad credit or otherwise).

The company will then look over your application carefully and decide whether or not they think they can give you a loan based on your financial situation. If they approve your loan request, they will contact you right away and let you know their final decision, so there aren't any surprises later down the line when it comes time for payment processing.

Safe and Secure Website: Another thing that impressed us about this company was its website. It's straightforward to navigate and full of helpful information about their loans. The website is also completely secure, so there’s zero risk of unauthorized access to your private information.

Many people are concerned about giving their personal information over the Internet, so it's nice to see that MoneyMutual has taken all the necessary steps to protect your information. We also appreciate how easy it is to use encryption technology such as SSL certificates and firewalls on their servers (which effectively protects against hackers).

Fast Loan Processing and Payouts: MoneyMutual offers fast loan processing and payouts, which means you can get your money as soon as the next business day. The company also offers same-day payment if you need to have your funds asap. This feature is an excellent option for people with urgent financial needs requiring immediate attention.

Available 24/7: MoneyMutual offers its services 24/7, which means you can apply for a loan whenever convenient. The site has an online chat service that allows you to communicate with their customer service representatives at any time of day or night. So, if you have questions or concerns about any aspect of the application process, they'll be able to help you out right away.


  • No hidden fees
  • Detailed and easy to read verification process
  • Excellent short term financial solution
  • Flexible loan terms to meet your needs


  • Extra fees from late payments

⇒ Visit the Official Website of MoneyMutual

#2.BadCreditLoans - Popular Loan Company Providing Fast Loans For Bad Credit


If you havebad credit and need a loan, this is a great place to start looking. The company offers short-term and long-term loans, but only for a limited time. If you have bad credit and need a loan, BadCreditLoans can help you get it quickly.

Applying for a loan through BadCreditLoans is very simple and fast. All you have to do is fill out an online application and wait for approval or denial by the company. After your application has been approved, BadCreditLoans will send you a money transfer so that you can use it immediately.

BadCreditLoans only offers loans in small amounts because they want to be able to assist as many people as possible. You can borrow money through BadCreditLoans, tapering off at the $10,000 mark depending on your credit score. Of course, the higher your credit score is, the more money you'll be able to borrow from them.


Affordable Fee Structure: BadCreditLoans doesn't charge any fees when applying for a loan with them. They only charge fees if they have to refer you to another lender who provides the financing for your loan request. In addition, they don't charge any prepayment penalties or late fees if you decide to pay off your loan early.

This feature is great news if you cannot make payments on time or if your current financial situation changes after receiving funding from BadCreditLoans; paying off an existing loan won't result in additional charges being assessed against your account!

Multiple Loan Options: BadCreditLoans offers several different types of loans to meet your needs. You can choose between fixed-rate or variable-rate loans and personal and business loans.

The company also offers home improvement loans, car title loans, and installment payment plans to pay back your loan without worrying about late fees or penalty charges like some other lenders do when you miss payments.

Competitive Interest Rates: BadCreditLoans' loan service is one of the most affordable platforms for borrowers with bad credit who need a personal loan. Loan amounts approved via the platform come with interest rates as low as 1% of the total amount borrowed, far below what other lenders charge. A $10,000 loan, for example, will cost you $100 in fees instead of the $300 or more than other lenders might charge.

These competitive interest rates on their loans help borrowers pay off their debts faster and save money on interest charges. They also offer fixed rates for those who prefer not to worry about fluctuating interest rates.

Excellent Customer Service: BadCreditLoans provides excellent customer service to ensure that all their customers are taken care of and get the best possible service they can get from them.

The company’s customer service team is friendly and knowledgeable about available products and services and will help you find the right loan type if you're unsure what you need. In addition, they'll answer any questions you may have about getting approved or making payments on your loan.

They also have several ways to contact them if you have any questions or concerns about anything related to your loan application through email, phone, or live chat options available on their website.


  • Rates are competitively low
  • Good repayment options
  • Flexible schedule
  • Designed to serve the borrower, not the loan provider


  • Not everyone qualifies

⇒ Visit the Official Website of BadCreditLoans

#3.RadCred - Most Trusted Lender Of Instant Payday Loans With No Credit Check


RadCred is one of the best companies we've seen when it comes to bad credit loan services. They're based in California and have been in business since 2017, so they're not new to the game. They offer a variety of loan types, including personal loans, business loans, and more.

We like that RadCred has a very transparent website and easy-to-understand terms for their loan products. Their application process is also easy to follow. You can apply for a loan online or by phone, depending on your preference.

RadCred offers fixed-rate loans for up to $5,000 with repayment periods of up to 60 months (which makes them perfect for long-term investments). You can even choose your payment schedule if you don't want to make monthly payments—you just have to pay back your entire balance by the end of the term.

What's more? RadCred will do its best to help you get approved even if you have bad credit. They work with more than five lenders specializing in helping customers with less-than-perfect credit risks get approved for financing.


RadCred is not a new company. It has been around for more than ten years and is one of the best bad credit loan providers. The brand is a reliable lender that can help you get out of a bind when you need cash. The company was founded by experienced professionals who understand how difficult it can be for someone with bad credit to get approved for a loan.

Radcred’s lending platform has helped thousands of customers throughout the country access the money they need for whatever reason —from paying bills to buying groceries or purchasing essential household items. This history of reliability means that you can trust its services as much as you trust your local bank or credit union.

Simple Application Process: The application process is simple. Unlike some other lenders who require applicants to fill out lengthy forms, RadCred only requires you to fill out a simple online application form that borrowers can access from its website.

The entire process will take less than five minutes, and all you need is an internet connection and a valid email address to complete it successfully. You can submit your application anytime on weekdays or weekends, even if it's late at night or early morning.

Instant Money Transfers on Approval: If you've ever applied for a loan before, you know that the waiting process can feel like an eternity. RadCred's loan service is different from other options because it allows you to receive money immediately upon approval rather than waiting for a check to be sent.

This feature means that once you're approved for a loan, you can get your money within minutes—and then use it to help you with whatever problem you have. There's no long wait for funding or complicated application process—and no credit checks to worry about as well. Instead, you can be approved in minutes and quickly get the cash you need.

Industry-Standard Website Security: Any company offering financial services must have industry-standard security measures to keep its customers safe. And RadCred has those measures. This feature means that when you submit an application through their site, the information you give them will be protected by the latest encryption technology available today.

You'll also be able to review all of your personal information before submitting it (so if something looks suspicious or incorrect, you can make changes before sending over anything sensitive).


  • Highly reputable lending service
  • Bad credit is not a problem
  • No credit checks required
  • Repayment terms are flexible


  • You can only apply online

⇒ Visit the Official Website of RadCred

#4. CashUSA- Best Cash Advance Loans Online; Same Day Approval


TheCashUSA Bad Credit Loan is a great way for people with bad credit to get their money. It's a quick, easy online application process that takes about 5 minutes. You just need to answer some questions and upload some documents, and you're on your way to getting the cash you need.

CashUSA is one of the biggest names in the industry when it comes to providing short-term loans with no credit checks or bank account verification. They have locations all over the country and even offer same-day funding for those who qualify.

If you have bad credit or no credit, CashUSA has a solution. Their Bad Credit Loan Service lets customers borrow up to $10,000 without paperwork or faxing. In addition, their title loans are perfect for people who need extra cash for an automobile repair, unexpected medical bill, or other expense that isn't covered by insurance or other financial aid sources.


Simple Requirements: There are no complicated requirements for CashUSA’s Bad Credit Loan Service. You simply fill out an application online or in-person at one of their locations, and you can get approved quickly.

The only requirement is that you will need to be between 18 years old and 85 years old, have an active checking account and have at least $100 in your checking account with a direct deposit (or $1,000 if you don't have a direct deposit).

Excellent Privacy Policies On Customers’ Information: A primary concern with many financial institutions is privacy issues with customers’ information, such as Social Security numbers and bank account numbers. CashUSA takes privacy concerns very seriously, which is why they do not require any information beyond your name and address on their application form.

Beyond the fact that CashUSA will never share your information with anyone else unless required by law or court order, it also promises that your information will be kept private and secure when you use its services.

Additional Offers: Besides offering bad credit loans, CashUSA also offers other products such as debt relief services, credit reports, and credit monitoring assistance. Customers interested in getting help managing their finances can also enroll in their "Financial Fitness Program," including financial education workshops and counseling services.

Fast and Convenient: When you apply for a loan through CashUSA, you can expect a quick response time from the lenders on the platform. Their application process is straightforward, allowing you to apply in just 5 minutes or less. Once your application has been submitted, they'll contact you within 24 hours, letting you know if they approve or deny your loan request.


  • Instant approval process
  • Simple application process
  • Secure transaction
  • No faxing, no requests for personal information


  • Not available in all states in the US

⇒ Visit the Official Website of CashUSA

#5.PersonalLoans - Payday Lenders Offering Personal Loans For Bad Credit


PersonalLoans is one of the best places to get bad credit loans if you're looking for a loan that you can use to help with unexpected expenses or make home improvements. You can get a loan even if you have no savings or do not work full-time.

PersonalLoans offers loans of up to $35,000 with some of the most competitive interest rates online. They also offer fast approval and funding for all their customers. In addition, the company offers online applications that are approved within minutes, which means there's no waiting around for days or weeks on end to see if your application has been accepted or denied.

In addition to convenience, PersonalLoans also allows borrowers to apply in person at their physical branches. This feature means borrowers don't have to wait until they get home from work before getting answers about whether or not they will be approved for their loan.

Suppose you're looking for an easy way to get cash right now without worrying about whether or not you'll qualify when applying through other lenders (especially those who only accept applicants with excellent credit histories). In that case, PersonalLoans is worth checking out.


Free To Use Service: PersonalLoans doesn't charge a fee for its services. It's completely free to use the service. You don't have to pay anything for the credit check. This feature means you can see how much money you'll be able to borrow without worrying about hidden fees.

Extended Network of Lenders: PersonalLoans' loan service is unique in that they work with an extended network of lenders. This way, even if your regular bank isn't willing to lend you the money you need, there's a good chance that another provider will be able to help out instead. So, even if your credit score isn't great, there could still be someone willing to give you a loan anyway.

By using this network instead of just one lender, you can find the best deal possible for your situation and get the funds you need faster than if you were going through just one company alone.

This outcome is possible because PersonalLoans acts as an intermediary between you and the lender. It makes sure that your application is sent to multiple lenders and that you get loan offers that meet your needs.

Affordable Lending Rates and Repayment Options: PersonalLoans offers an affordable lending rate determined by your creditworthiness and the amount you borrow. You can also choose between a fixed or variable interest rate or a fixed-rate option with an adjustable rate later.

These rates are below the national average for unsecured loans with bad credit. But, of course, your exact rate will depend on your financial situation. For example, if you have a higher income or a better credit score, you may qualify for a lower rate than someone whose income is low or who has a poor credit history.

Resource-Rich Website: If you're looking for ways to reduce your debt burden, PersonalLoans has plenty of information on its website to help you out. For example, it provides budgeting tips, saving money, and improving your financial health overall so that you can qualify for low-interest loans in the future.

It also offers calculators that tell you how much money you can save by paying off your debt early or making extra payments each month. In addition, the lending service's website provides information on the types of loans available through PersonalLoans and details about each type of loans, such as the maximum amount allowed and repayment terms.


  • Zero-paperwork application process
  • Low rates
  • No credit score is needed
  • Flexible repayment periods
  • Helpful Customer service


  • Higher interest rates than traditional lenders

⇒ Visit the Official Website of Personal Loans

Buying Guide: Factors To Consider When Selecting Lenders Online If You Have Bad Credit

Many companies offer these types of loans, but you also need to be careful when choosing one. Some may not offer the best rates and terms, so it is essential to look around first before making your final decision.

Here are some factors that you should consider when selecting bad credit loans online:

  • Company Reputation 

The first thing you should do is check the company's reputation that offers this type of loan. The company should be known for its previous dealings and good reputation.

You can do this by looking at their website or reading reviews from customers who previously used their services.

If there are many positive comments from people who have used their services, this is a good sign because they offer good customer service and value for money. However, you should also look at their website and see if it offers any guarantees.

  • Look for Flexible Repayment Plans

Another thing you should consider when choosing bad credit loans online is whether or not they offer flexible repayment plans for customers who cannot afford to make repayments at once.

This feature will help ensure that you do not end up defaulting on their payments unnecessarily and give you additional time to meet up with outstanding ones. If you have a bad credit history or poor credit ratings, you need to look for these loans, as they will help you get rid of your financial problems.

  • Compare Loan Terms, Interest Rates, and Fees

Before comparing loans, you need to know what they offer. This process involves comparing how much they charge in interest rates, how much they charge in fees, how long you have to pay back your debt, and whether or not they have any hidden charges.

These factors are essential because they determine how much money you will pay back in the long run. You can compare loan terms and interest rates by reading the fine print of the loan contract before signing on the dotted line. In addition, some lenders offer special deals on their websites that may not be available through other channels.

  • Check on Past Performance

One of the most important things you need to do when choosing a lender is check on their past performance. It is always better to go for those lenders who have been in business for a long time and have built a good reputation over time and satisfied customers.

Make sure that you also check on reviews from other people who have used their services in the past. If there are many positive reviews about their services, it means that their services are excellent, and they will not disappoint when it comes to providing loans.

  • Beware of Unsecured Loans

Unsecured loans do not require anything as collateral to be approved and disbursed by the lender. Therefore, when selecting bad credit loans online, you must avoid these loans at all costs unless necessary.

These loans have very high-interest rates and fees that could push you into more debt than before! If possible, try to stick with secured loans to protect your property from any losses that may occur down the road.

  • Read the Terms and Conditions

When it comes to bad credit loans online, you need to be very careful about the terms and conditions of these loans. Ensure that you read the terms and conditions carefully. Some lenders may offer higher interest rates on their loans than others, making a big difference to your monthly payments.

If one lender offers a lower interest rate, then it may be worth considering them instead of another lender who offers higher interest rates on their loans.

  • Get Advice From a Financial Advisor

Suppose you are thinking about taking out a bad credit loan. In that case, it makes sense to get advice from a financial advisor before making an application for one online or over the phone with a lending company directly.

A good financial advisor can help you determine how much money you need, how much debt you can realistically handle, and how long it will take for your credit score to improve. Then, other lenders will be willing to lend money without requiring high-interest rates or steep fees.

How We Selected The Top 5 Companies Offering Loans For Bad Credit

When we decided to make our list of the best bad credit loans, we knew there would be a few challenges. We knew that getting access to information about these loans would be difficult. But we also knew we wanted to give you a list of the top five bad credit loans so you could make an informed decision about your next purchase.

While we know that there are other bad credit loans out there, the ones on this list have stood out as some of the most popular and effective. We picked our top 5 bad credit loans list by doing a lot of research.

We read through hundreds of reviews, testimonials, and experiences to determine the best options for people with bad credit. We also read through the terms and conditions of these loans to make sure they were legal in all states and not just in the state where they were based.

The result is a list of five companies that offer bad credit loans without charging outrageous interest rates or fees. There's something for everyone on this list—different products from each lender mean there's bound to be one that fits your needs perfectly.

What We Looked For

To give you a more precise idea of how we came up with the best bad credit loans for the year, here’s a deeper look into those factors that determined which brands made our list and which ones didn’t.

  • The number and size of lenders on offer: This feature is significant for those with bad credit. Some lenders may be interested in lending to people with poor credit history, but others will. We wanted to find a provider that offered as many lenders as possible so you could choose the one that suits your needs.
  • Fees and costs involved: Another critical factor in choosing our top five was the fees and costs involved. Many lenders charge a fixed fee for loans which can range up to £100, so we wanted to ensure we were only including providers who do not charge any additional fees beyond this initial amount. We also looked at how much each lender charges in interest rates and whether they charge an arrangement fee or not (a fee paid upfront).
  • Customer Support Quality: This factor refers to how responsive and helpful customer support is when you need help with your account or have questions about making payments or getting out of debt. We looked at how long it took for someone to pick up the phone when we called in during business hours (Monday through Friday). We also looked at how long it took to answer emails sent during business hours over two weeks.
  • Speed of Service: The speed at which you can get a loan is one of the most important factors to consider when choosing a bad credit lender. You don’t want to be stuck waiting around for weeks or months, especially when you need money as soon as possible. So we looked for lenders that had fast application processing times and were able to approve applications within 24 hours in some cases. 

FAQs On Guaranteed Loans For Bad Credit

Q1. What are bad credit loans?

Bad credit loans are also known as subprime loans. They are unsecured loans given to people who have a bad credit history. The lenders approve them based on their income and ability to pay back their borrowed money.

Bad credit loans are considered a riskier approach than giving loans to people with good credit history, but they have their benefits too. These loans come with higher interest rates than conventional loans, and they usually have shorter terms than residential mortgages.

Q2. What are the benefits of bad credit loans?

The main benefit of these loans is that you do not need any collateral or security to get approved for them. However, these products come with higher interest rates and fees due to the higher risk of giving out loans to people with a poor FICO score or those with no collateral to offer as security against their ability to repay the loan amount in full.

Another benefit of taking out a bad credit loan is that it can help you improve your credit score. A good score means that lenders will see you as less risky when they look at your application for other forms of finance, including mortgages and car loans. This factor makes it easier to secure affordable deals on future contracts.

Q3. How much will it cost me?

The cost of a loan is the interest rate (APR) and fees associated with the loan. The APR is the amount you pay per year, expressed as a percentage of the total amount borrowed. Fees are a one-time charge paid to receive your loan.

The cost of a bad credit loan will vary considerably depending on the lender, the amount borrowed, and the repayment term. For example, the interest rate charged on a personal loan can vary from 1% to 35%, depending on your credit score and circumstances.

Conclusion: Best Online Lenders For Bad Credit Loans

And there you have it! We hope you have used this review to find the best loan match for your needs. The rates and terms vary the most when a borrower has bad credit.

Some lenders offer loans with interest rates in the double digits and loans fixed at single digits or better. But, of course, it all depends on your current credit scores and what options you prefer.

Regardless of which one offers you the best terms, any of these loans can help you get out of debt quicker without breaking your budget.