530 Credit Score? Top Bad Credit Personal Loans (2017)

530 Credit Score? Top Bad Credit Personal Loans ([current_year])
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Ashley Dull
By: Ashley Dull
Posted: January 12, 2016
BadCredit.org's popular "How-To" series is for those who seek to improve, rebuild or better understand their subprime credit rating.

Finding a lender who will approve your application for a personal loan when you have bad credit can be challenging; if you choose to go lender by lender and receive denial after denial, it can also become emotionally draining very quickly.

It seems as though when you need money the most, it’s the most difficult to obtain. Our mission is to provide you with the resources and information you need to achieve your financial goals — that’s why we review financial services that cater specifically to people with poor credit to find you the best financial solutions for any situation.

For getting a personal loan with a low credit score, we recommend BadCreditLoans.com or a credit card designed for poor credit that can help you rebuild your credit with responsible use. Two birds, one stone!

BadCreditLoans.com is Our Top-Rated Loan Service

BadCreditLoans.com isn’t a lender, but rather a lender referral network. This way, you only have to fill out one application and BadCreditLoans.com will match you with a lender who is ready to approve you based on the information you provided — as its name implies, bad credit is not a problem. They have a large lender network and you can request up to $35,000.

BadCreditLoans.com offers a quick and convenient online loan request form.  Once you submit your loan request, BadCreditLoans.com searches its lender network to match you with a lender that can work for you.

Personal Loan Requirements

In order to qualify to apply for a loan on BadCreditLoans.com, you’ll need four things:

  • Age/ID/Residency Status – You must be 18 years or older with a valid Social Security number and be a legal U.S. citizen or permanent resident.
  • Income – You must be employed at least part-time or receive regular disability or Social Security benefits. Lenders may require income verification.
  • Bank Account – A bank account is required by many lenders.
  • Credit Type – While your low credit score will not exclude you from receiving a loan, BadCreditLoans.com does require a potential borrower to have demonstrated a pattern of responsibility. Recent bankruptcies and/or charged-off accounts could disqualify you.

Interest Rates, Fees, and Loan Terms Will Vary

Variables of the loan itself such as interest rates, the length of the loan, and any fees involved depend on the actual lender who approves your application. Each lender has its own terms and conditions.

Below is an example of a personal loan annual percentage rate (APR) range:

Example APR Range Chart

BadCreditLoans.com does not charge any fees for using its service. If you’re approved for a loan, the lender will show you the fees and rates associated with the loan prior to your acceptance of the loan. You are never obligated to accept any loan.

Receive Funds as Soon as 1 Business Day After Approval

Getting a loan is fast and easy. Funds can be deposited into your account as soon as one business day after your application is approved. Your repayment schedule will vary between 6 and 72 months (6 years), depending on the terms of your loan agreement with your lender.

BadCreditLoans.com Can Answer More of Your Questions

If you still have questions or concerns, BadCreditLoans.com can help. You can reach them at 1-800-245-5626, or, visit their Frequently Asked Questions page. Please note that if you have questions about a loan you received through BadCreditLoans.com, you’ll need to contact your loan provider directly.

A Credit Card is Another Personal Loan Option

While a credit card may seem like a stretch, it actually isn’t. There are numerous credit cards available to people with poor credit. If you’ve been denied in the past, you’re likely applying for the wrong types of cards.

3 Best Credit Cards for People with Bad Credit

Below are five of our expert’s top-rated credit cards, some even offering 1% cash back on gas and grocery purchases — just be sure to pay your balance in full each month. This way, you’ll always avoid paying costly interest.

  • Checking account required
  • We may approve those currently building their credit history
  • Application response in 30 seconds
  • Know the score! Quarterly FICO score on your monthly billing statements
  • All credit types welcome to apply
  • Your First PREMIER Bank credit card activity is reported to the Consumer Reporting Agencies each month. Making your payment on time and keeping your balances low relative to the credit limit will result in positive marks on your credit report
  • Click here for official site, terms, and details.
★★★★★

4.8

Overall Rating

Application Length Interest Rate Reports Monthly Reputation Score
6 minutes See issuer website Yes 9.5/10
  • Use your line of credit to shop over 450,000 items from great brands like Samsung, KitchenAid, and DeWalt
  • Take advantage of low monthly payments if you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit
  • Fast, easy online application process and a quick decision
  • Not an access card
  • Click here for official site, terms, and details.
 
★★★★★

4.8

Overall Rating

Application Length Interest Rate Reports Monthly Reputation Score
5 Minutes See issuer website Yes 9.0/10
  • All credit types welcome to apply
  • Monthly reporting to the three major credit bureaus
  • Initial credit limit of $500.00 (subject to available credit)
  • Fast and easy application process; results are provided online
  • Checking account required
  • Click here for official site, terms, and details.
★★★★★

4.7

Overall Rating

Application Length Interest Rate Reports Monthly Reputation Score
9 Minutes See terms Yes 8.5/10

+See More Credit Cards for Bad Credit

One of the best benefits of a credit card is that it can help rebuild your credit while also providing you the money you need. This is because the credit card will report your monthly payments to the credit bureaus, improve your credit mix, and increase your utilization ratio. As long as your payments are on time and your card isn’t maxed out, your credit card usage will be reported positively.

Credit Repair Can Get You Better Interest Rates & Terms

We know that right now your goal is to just get the money you need, and we hope the options provided above can help you attain that goal. But in the future, better credit can make it easier to not only get the loan, but also get you better interest rates — meaning the loan will cost you less overall.

Credit repair services can help you repair your credit by removing negative items from your credit reports. Our top-rated credit repair service, Lexington Law, has helped its past clients see an average of 10.2 negative items removed from their credit reports.

  • Free consultation: 1-855-200-2394
  • More than 500,000 clients served since 1991
  • Clients see 85% of negative items removed
  • More than 7.5 million item deletions last year
  • No contracts
  • Free credit score provided
  • Phone support from licensed paralegals 7 days a week
  • Click here for sign-up form, terms, and details.
★★★★★

4.9

Overall Rating

Better Business Bureau In Business Since Monthly Cost Reputation Score
A+ 1991 $79 10/10

Your consultation will be completely free and there’s no obligation to sign up for services. It’s worth checking out to see how much your credit could potentially improve in a matter of a few short months with Lexington’s help.

Lexington Law’s past clients have seen an average of 24% of negative items removed.

Always Shop Around for the Best Rates

Whichever route for getting a personal loan you decide to take, it’s worth shopping around to find the best interest rates. With BadCreditLoans.com you’ll always be able to see the loan offer before you accept it, and before you apply for any credit card, be sure to read the terms prior to applying. This way you’ll know you’ve done your due diligence and have accepted the best offer for your financial situation. Good luck!