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Guides

5 Best Unsecured Personal Loans (Bad, Poor, No Credit)

Linsey Knerl 10/2/17

If you’ve heard that you are ineligible to get funding for a personal loan, you are not alone. Many people with credit issues have struggled to get cash for the important things they need in life. Unsecured personal loans can be especially hard to be approved for since they don’t require collateral, such as a car title or other personal property, to guarantee funding. Whether you want to purchase something, pay a bill, or need to fund an emergency, there are many options to help you in your unique financial situation.

Before you get discouraged that no one is willing to give those with bad credit – or even no credit – a chance, take a look at this list of lenders that specialize specifically in helping consumers rebuild their credit with personal loans. Each offers different loan products for different needs. Below are our experts’ top five recommended services.

1. PersonalLoans.com — Short-Term & Installment Loans

PersonalLoans.com works hard to give loans to people with bad credit. In fact, they have been accepting applications for loans from those with poor credit histories for almost 20 years.

PersonalLoans.com’s easy tool can help you quickly find a lender in your area.

With a large lender network covering all 50 states, you can apply for a loan ranging from $2,000 to $35,000 in less than five minutes.

★★★★★
4.8 /5.0 Stars
  • Loans from $2,000 to $35,000
  • Bad credit is no problem
  • Available in all 50 states
  • Use the loan for any purpose
  • Fastest approval and funding
  • See official site, terms, and details »
Loan Amount $2,000 to $35,000
Interest Rate 5.99% - 35.99%
Loan Example
Representative example
Our Expert Review 4.8/5.0 (see review)

Approval for funding can happen within one business day, and funds can be used for any purpose. Interest rates start at 6% for unsecured loans. PersonalLoans.com has a 4.3 out of 5.0 rating with eKomi.

2. SignatureLoan.com — Large Network of Direct Lenders

Perfect credit is not required for funding from SignatureLoan.com, which offers a five-minute application and fast approval for loans.

★★★★★
4.8 /5.0 Stars
  • Signature loans from $1,000 to $35,000
  • Perfect credit not required
  • Use for anything - emergency expenses, medical bills, car repairs
  • Five minute request form
  • Immediate approval
  • Many lenders to choose from
  • See official site, terms, and details »
Loan Amount $1,000 to $35,000
Interest Rate 5.99% - 35.99%
Loan Example
Representative example
Our Expert Review 4.8/5.0 (see review)

Those approved can use the money for anything, including emergencies, medical expenses, car repairs, or utility bills. Choose a loan amount from $1,000 to $20,000 to see which of many lenders in its large network will partner with you. Interest rates will depend on your personal application results.

3. CashAdvance.com — Bad Credit is No Problem

Sometimes, you just need a little extra cash to get by until your next payday. In the case of those wanting a short-term loan of $1,000 or less, this may be a good option.

★★★★
4.0 /5.0 Stars
  • Short-term loan of $100 to $1,000
  • Bad credit is no problem
  • Large network of lenders
  • Loan decision as fast as a few minutes; funding as soon as next business day
  • Required: Income of $1000+/month and at least 90 days on job
  • See official site, terms, and details »
Loan Amount $100 to $1,000
Interest Rate 200% - 2,290%
Loan Example
Representative example
Our Expert Review 4.0/5.0 (see review)

Bad credit is not a problem as long as you have an income of at least $1,000 a month and have been at your job for 90 days. This large network of lenders can make short work of your application. Many get funded as soon as the next business day.

4. Helping Hand Advances — Same Day Decision

No time to wait? If you need a credit decision the same day you apply, this lending opportunity is one to consider. Compare loans from multiple lenders and get approved funds wired to you within one day. Helping Hand Advances specializes in loans from $300 to $1,000 for those with bad credit, and boasts a 4-star rating.

★★★★
3.5 /5.0 Stars
  • Short-term loans $300 to $2,500
  • Compare loan offers from multiple lenders
  • Funds wired in as little as 1 day
  • Specializes in bad credit
  • Must have a job and checking account to qualify
  • Not available in: GA, PA, WA, WV
  • See official site, terms, and details »
Loan Amount $300 to $2,500
Interest Rate Varies
Loan Example
Representative example
Our Expert Review 3.5/5.0 (see review)

These short-term loans are specifically for those with a job and checking account and are available in all states excluding Georgia, Pennsylvania, Washington, and West Virginia.

5. PaydayDirect USA — No Credit Check Required*

Find out fast if you’ve been approved for these cash loans of up to $1,000. Some applicants can receive money in as little as 24 hours, pending approval. Since PaydayDirect USA works with all kinds of lenders to secure funding for those with no credit, poor credit, and even bad credit, interest and terms will vary.

★★★
3.0 /5.0 Stars
  • Quick approval cash loans of $300 to $2,500
  • Receive cash in as little as 24 hours
  • Options for US, UK and Canadian applicants
  • Bad credit OK
  • Note: "Payday" loans are designed for short-term needs
  • Not available in: GA, PA, WA, WV
  • See official site, terms, and details »
Loan Amount $300 to $2,500
Interest Rate Varies
Loan Example
Representative example
Our Expert Review 3.0/5.0 (see review)

Applications are welcome from those living in the U.S., Canada, and the U.K. (Those living in Georgia, Pennsylvania, Washington, and West Virginia are not eligible at this time.)

*Direct lenders make their own determination as to whether they will run a credit check. See terms and conditions before applying. Interest rates will vary.

A Personal Loan is Never “Guaranteed”

These companies want your business and will make every attempt to match you with the perfect lender for your needs. Many people with no credit, poor credit, and even bad credit have found favorable credit terms and an unsecured personal loan amount that works with their budget and goals. Since loans are never guaranteed, the results of your credit application will vary, and not all applicants will be eligible for even the “bad credit” loans.

Since loans are never guaranteed, the results of your credit application will vary, and not all applicants will be eligible for even the “bad credit” loans.

By continuing to make on-time payments, checking your credit history for inaccuracies, and increasing your awareness of financial rules, you can eventually reach milestones that will make it easier to get personal loans. The right loan could be waiting for you!

About Linsey Knerl
Linsey is a freelance blogger, author and public speaker with a passion for helping everyday families earn more and live better. She shares her expertise for parents who want to start budget-friendly businesses from home at 1099Mom.com.
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