Bad Credit Loans in Florida in 2021

Bad Credit Loans In Florida
Adam West
By: Adam West
Updated: June 7, 2021
Advertiser Disclosure

Bad credit loans in Florida aren’t as hard to find as you may think. But to find the most affordable loans, you may have to look at online lenders outside of the Sunshine State.

So much competition currently exists within the online lending industry that consumers can often find loans with fair interest rates and fees despite having a bad credit score. And if you live in Florida, you may qualify for a loan that can provide same-day approval and funding within one business day.

Whether you’re looking for a cash loan, an installment loan, or a loan to purchase a vehicle or home, we have you covered with the best options for every Florida man or woman.

Cash Loans | Personal Loans | Auto Loans | Home Loans

Bad Credit Cash Loans in Florida

A cash loan typically has a short loan repayment term and is for smaller loan amounts. This is a great loan option if you need quick cash to cover a small, unexpected expense or to get you to your next paycheck.

The lending networks below all submit your single loan request to several partner lenders that can then compete for your business. This can net you multiple loan offers to choose from with quick approvals and funding after you formally apply.

  • Short-term loans up to $5,000
  • Online marketplace of lenders
  • Funds available in as few as 24 hours
  • Simple online form takes less than 5 minutes
  • Trusted by more than 2 million customers
  • Not available in NY or CT
  • Click here for official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
Up to $5,000 Varies Varies

See representative example

We’ve recommended MoneyMutual for a long time because the network partners with a diverse group of lenders that consider loan applications from just about any borrower. These short-term loan offers typically come with a monthly payment and competitive interest rate and repayment term.

And since MoneyMutual is available to residents in every state except New York and Connecticut, Floridians can enjoy a quick loan request process and even faster approvals and processing.

BillsHappen maintains an online lender network that provides bad credit personal loan options with smaller loan amounts and shorter repayment term obligations. This is a great choice for a small, short-term emergency loan with affordable rates.

The quick turnaround on these loans makes them ideal if you don’t have a lot of time to hassle with long applications and underwriting processes. Instead, you can wrap up your loan in less than one day and have money in your account when you wake up the next morning.

CreditLoan claims that it’s helped hundreds of thousands of consumers find loan options despite having a bad credit score. The lenders that partner with this network consider applications from consumers with any credit history.

If you qualify, you can extend your loan terms to lower your monthly payment to fit your budget. The affordability alone makes a personal loan a tremendous option for borrowing money without overextending yourself financially. offers a short-term loan option that requires repayment in full — including interest — within seven to 31 days. Also known as a payday loan, this type of loan is intended to bridge the gap between paydays.

In addition to this online network, you can find cash advance loan centers throughout Florida. Although these loans are convenient and may not require a credit check, they’re very expensive and can lead to substantial debt if you don’t repay your loan on time.

Bad Credit Personal Loans in Florida

A bad credit personal loan can usually offer you a larger loan amount and a longer repayment term than the cash loan options listed above. A personal loan is also referred to as an installment loan because it allows you to repay your debt over time with a series of monthly payments, or installments.

And just like the cash loans above, Florida residents can apply online with the lending networks listed below and receive same-day approvals and next-day funding in most cases. can connect you with an online lender network that specializes in special finance for consumers who have bad credit. That means you’ll work with a loan officer who understands your needs and is motivated to find a subprime loan for you.

The network is open to residents of all 50 states and accepts loan requests from Floridians in any county. If approved, you could have cash in your account within one business day.

As you may expect, Bad Credit Loans specializes in finding loans for consumers who have trouble obtaining approval from a traditional lender. As a result, your bad credit score may not keep you from finding the bad credit financing you need.

If you qualify for a loan, you may receive up to 60 months (five years) to repay the debt. Not every loan offer will include a repayment time frame this long — smaller loans typically have shorter repayment terms. maintains two separate networks — one for consumers who have good credit and one for bad credit financing. That means your application will only go to the lenders ready and willing to work with you.

That’s important to note because you’ll only waste your time if you submit applications to lenders who are not willing to work with you. Instead of researching each lender’s qualification criteria, does the work for you.

Bad Credit Auto Loans in Florida

A car loan is an important part of your financial portfolio. Not only does it improve your credit mix, but it also gives you access to reliable transportation that you can use to make a living.

With the auto lending networks below, you can connect with a private lender or local dealer in your area that specializes in finding bad credit car loan options for just about any borrower. In most cases, you can apply and purchase your new or used car on the same day.

  • Network of dealer partners has closed $1 billion in bad credit auto loans
  • Specializes in bad credit, no credit, bankruptcy and repossession
  • In business since 1999
  • Easy, 30-second pre-qualification form
  • Bad credit applicants must have $1500/month income to qualify
  • Click here for application, terms, and details.


Overall Rating

Interest Rate In Business Since Application Length Reputation Score
3.99% - 29.99% 1999 3 minutes 9.5/10

Auto Credit Express partners with new and used car dealers throughout the U.S. to help car buyers who need to find a loan. Whether it’s in-house or private financing, most dealers can find the loan you need within a matter of hours.

Once the dealer contacts you — which typically happens shortly after you submit your loan request — you can schedule an appointment to go over each car-buying and financing option available to you. If all goes well, you can drive off in your newly purchased vehicle that same day. claims that its network can give you loan preapproval in three minutes or less, which allows you to immediately begin shopping for your next automobile. That’s because has the largest online network of auto dealers trained in special finance arrangements for bad credit consumers.

The network indicates on its website that once you submit a loan request, you’ll hear back from a local dealer within 24 hours — though many applicants get a call or email from a dealer within a matter of minutes. That dealer will walk you through the rest of the process needed to purchase your vehicle. doesn’t just provide access to new and used car loans. This vast lending network also includes private lenders that consider applications for auto refinance loans and lease buyouts.

Once you submit your short loan request, you could receive up to four loan offers, each with a different loan term, interest rate, and monthly payment. This network’s lenders will consider your financing request regardless of your credit history.

Bad Credit Home Loans in Florida

If your low credit score is preventing you from obtaining a conventional loan to purchase a home, consider a government-backed loan program that’s designed to help consumers purchase a home with less money down and provide an affordable monthly payment.

The bad credit home loan options below can help you find a VA, HUD, or FHA mortgage loan that may help you get into your new home faster than you’d expect.

  • Options for home purchase or refinance
  • Get 4 free refinance quotes in 30 seconds
  • Network of lenders compete for your loan
  • Trusted by 2 million+ home loan borrowers to date
  • Interest rates are near all-time lows
  • See application, terms, and details.


Overall Rating

Interest Rate In Business Since Application Length Reputation Score
Varies 2004 4 minutes 8.5/10

The FHA Rate Guide isn’t a direct lender. Instead, this home-buying network helps connect home buyers with the best mortgage lender for their needs. This may include government-backed loans that only require a small down payment and have forgiving minimum credit score requirements.

This service is free to use. FHA rate guide collects referral fees from lenders that close loans through the network. You’ll never pay to use the FHA Rate Guide, its educational services, or its financial tools.

  • Easy to OwnSM programs give options for those with lower income, limited credit history, and low down payment needs.
  • Provides the potential for minimal out-of-pocket expenses with seller contributions.
  • Offers loans that don't require monthly mortgage insurance.
  • Requires less cash upfront for your down payment and closing costs.
  • See application, terms, and details.


Overall Rating

Interest Rate In Business Since Application Length Reputation Score
Varies 1852 6 Minutes 8.0/10

Wells Fargo Home Mortgage is one of the nation’s largest mortgage lenders. It’s also one of the only national banks that approve loans for manufactured or mobile homes.

And since Wells Fargo allows you to apply for a mortgage online, you can get the ball rolling toward purchasing your new home without even visiting a bank branch. Even if you don’t have a physical bank location in your area, you can still qualify for a mortgage from Wells Fargo.

  • Loan programs include down payment and closing cost assistance.
  • Variable and Fixed-Rate loans available with flexible qualification guidelines.
  • Up to 100% financing—with as little as zero down payment for qualified borrowers.
  • No maximum income/earning limitations.
  • See application, terms, and details.


Overall Rating

Interest Rate In Business Since Application Length Reputation Score
Varies 2008 5 Minutes 7.0/10

Bank of America is one of the most popular banks in the U.S., so it’s only logical that Bank of America Mortgage would also be a top destination for mortgages and refinancing loans with affordable interest rates and repayment terms.

Through Bank of America, you can apply for a government-backed FHA loan, HUD loan, or VA loan that makes it easy — and more affordable — to get into your new home without a large down payment.

What is a Bad Credit Loan?

A bad credit loan is a financial product that lends money to someone who has previous mistakes on their credit history and a resulting low credit score. A bad credit loan can be a personal loan, a hard money loan, or a small business loan.

You can also find a bad credit car loan, a bad credit student loan, or a bad credit home loan that may allow you to make a large purchase and repay the debt over time.

The lender or loan officer you work with to complete your bad credit financing will provide you with an interest rate, a loan term, and a monthly payment schedule. Study every loan offer you receive before choosing which loan to accept.

You may also see various fees attached to your loan, such as an origination fee, a processing fee, or an application fee. Not every loan will include these charges, but they can add up quickly and make your loan more expensive over the long haul.

What Credit Score Do I Need to Get a Loan?

There typically is no minimum credit score requirement for a loan, but each lender has different rules it sets for approval.

A general rule of thumb is that the larger the loan, the harder it is to qualify. That’s why you’ll have more difficulty being approved for a bad credit home loan than you would a bad credit personal loan.

You may also find that the fees associated with your loan, including the interest rate you receive, increase as your credit score decreases. This is how lenders offset the risk associated with bad credit loans.

Chart of Personal Loan APRs

If you’re concerned that your low credit score may keep you from qualifying for a loan, you can attempt to prequalify with a soft credit pull that will not harm your credit score and will give you a better idea of your chances of approval if you decide to apply.

Not all lenders provide this service, so be sure to check with the lender before you apply to see whether they offer prequalification.

Does Florida Permit Payday Loans?

Florida state law allows payday loans of up to $500. A borrower can accept a Florida payday loan with a repayment term of seven to 31 days with a maximum finance charge of 10% for every $100 borrowed (plus a verification fee of no more than $5) and a 304% APR.

Payday Loan Legality Map

Florida’s terms are slightly more favorable than the national average, which typically requires approximately $15 in finance charges for every $100 borrowed.

What’s the Difference Between a Secured Loan and an Unsecured Loan?

A secured loan requires collateral for approval whereas an unsecured loan only requires your signature on a legally binding loan agreement to guarantee repayment.

Common secured loan types include an auto loan, a pawnshop loan, or a title loan. These loans use your vehicle or other valuable items as security in case you default on your loan. If that happens, the lender can repossess your vehicle or keep your pawned valuables and sell them to recoup the money lost in the bad loan.

These loans often come with terms that heavily favor the lender and may cost substantially more than a conventional loan. This means it’s in your best interest to research unsecured loan options before you accept or apply for a secured loan.

Compare Bad Credit Loans in Florida Online

Whether you’re looking for an emergency loan, a loan to purchase a home or vehicle, or a small business loan to fund your operations, you have plenty of opportunities to find bad credit loans in Florida.

But if you want to find the most affordable loans, consider online lending networks such as those mentioned above. With these networks, you can leverage your buying power and pit lenders against each other to compete for your business. That may mean a more affordable loan for you.

This guide to bad credit loans in Florida serves the following cities and their surrounding areas: Miami, FL; Jacksonville, FL; Tampa, FL; Orlando, FL; St. Petersberg, FL; Tallahassee, FL; Port St. Lucie, FL; Cape Coral, FL; Fort Lauderdale, FL; Hollywood, FL; Gainesville, FL; Ocala, FL; Pensacola, FL; Fort Myers, FL; Sarasota, FL; Palm Bay, FL; Daytona Beach, FL; West Palm Beach, FL; Lakeland, FL

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