100,000+ views

7 min

Advertiser Disclosure

Advertiser Disclosuretap to close

BadCredit.org is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation from many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across the site (including, for example, the order in which they appear). BadCredit.org does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.


530 Credit Score? Top Bad Credit Personal Loans (2018)

Ashley Dull 6/30/17

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.

4.9 /5.0 Stars
  • Loans from $500 to $5,000
  • Helping those with bad credit since 1998
  • Compare offers from multiple lenders
  • Simple form & quick funding
  • Get your money as soon as next day
  • See official site, terms, and details »
Loan Amount $500 to $5,000
Interest Rate 5.99% - 35.99%
Loan Example
Representative example
Our Expert Review 4.9/5.0 (see review)

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:

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.

4.8 /5.0 Stars
  • Checking account required
  • We may approve those currently building their credit history
  • No security deposit required
  • Application response in 30 seconds
  • Know the score! Quarterly FICO score on your monthly billing statement
  • 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
  • See official site, terms, and details »
Interest Rate See issuer website
Reports Monthly Yes
Application Length 6 minutes
4.8 /5.0 Stars
  • Holiday gifts they'll like, payments you'll love! Use your line of credit to shop over 550,000 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
  • See official site, terms, and details »
Interest Rate See issuer website
Reports Monthly Yes
Application Length 5 Minutes
4.7 /5.0 Stars
  • 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 in seconds
  • Use your card at locations everywhere that Mastercard® is accepted
  • Free online account access 24/7
  • Checking Account Required
  • See official site, terms, and details »
Interest Rate See terms
Reports Monthly Yes
Application Length 9 Minutes

+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.

4.9 /5.0 Stars
  • Free consultation: 1-855-200-2394
  • Most results of any credit repair law firm
  • Clients saw over 9 million negative items removed from their credit reports in 2016
  • More than 500,000 credit repair cleints helped
  • Cancel anytime
  • See official site, terms, and details »
Better Business Bureau A+
In Business Since 2004
Monthly Cost $79.95
Our Expert Review 4.9/5.0 (see review)

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!

About Ashley Dull
Ashley is the Finance Vertical Manager at Digital Brands, Inc., where she oversees content published on BadCredit.org and CardRates.com. Ashley works closely with experts and industry leaders in every sector of finance to develop authoritative guides, news, and advice articles with regards to audience interest. Connect with Ashley on Twitter and LinkedIn.
« Back to: Guides