Written by: Anna Baluch
Edited by: Lillian Guevara-Castro
In a perfect world, we’d know when financial emergencies are going to happen. But, we all know this isn’t the case.
Financial emergencies pop up when we least expect them to. The good news is that fast funding loans for bad credit can come to the rescue.
So, if your water heater breaks in the middle of winter or a family member needs immediate medical care, you can get the cash you need to pay for your emergency, even if you don’t have the best credit. Let’s dive deeper into the different loan types for bad credit that offer fast funding.
Personal Loans | Cash-Out Refinancing | Credit Cards | FAQs
Personal Loans with Fast Funding for Bad Credit
With a personal loan, you can borrow a fixed amount of money and pay it back — with interest — in monthly payments. Unlike a car loan or mortgage, a personal loan can be used to pay for any type of expense, including a financial emergency.
1. MoneyMutual
- 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
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| Up to $5,000 | Varies | Varies | See representative example |
Over 2 million customers have used MoneyMutual to find a short-term lender. This online marketplace offers loans of up to $2,500 to borrowers in every state except New York. Upon approval, you can receive the cash you need in as little as 24 hours. While MoneyMutual welcomes borrowers of all credit scores, it does require a minimum income of $800 per month.
2. CashUSA.com
- Loans from $500 to $10,000
- Receive a loan decision in minutes
- Get funds directly to your bank account
- Use the loan for any purpose
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $10,000 | 5.99% - 35.99% | 3 to 72 Months | See representative example |
CashUSA.com offers loans ranging from $500 and $10,000 and can be paid back over the course of three to 72 months. Once you submit a short loan request form online, you’ll receive offers from CashUSA.com’s network of lenders.
If you decide to move forward with an offer, you can expect the funds to be directly deposited into your account as soon as one business day. Although good or excellent credit isn’t required, you must be at least 18 years old and have a monthly income of at least $1,000 after taxes.
- Loans from $250 to $5,000
- Cash deposited directly into your account
- Get money as soon as tomorrow
- Bad credit OK
- More than 750,000 customers since 1998
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $250 to $5,000 | Varies | Varies | See representative example |
CreditLoan.com has helped borrowers with bad credit secure short-term personal loans since 1998. It’s an online marketplace that can connect you to lenders that offer loans that range from $250 to $5,000.
If you move forward with any of the offers you receive, you can collect your money in as little as 24 hours. In addition to loans for bad credit with fast funding, CreditLoan.com features lender reviews, how-to guides, and other financial resources.
- Loans from $500 to $10,000
- Get connected with a lender
- Simple form & quick funding
- Get your money as soon as next the business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $10,000 | 5.99% - 35.99% | 3 to 60 Months | See representative example |
BadCreditLoans.com can help you find a personal loan offer quickly, even if you have bad credit. To get a personal loan offer in minutes from its network of lenders, all you have to do is fill out a short online loan request.
You can secure the funding you need via direct deposit into your checking account in as little as one business day. BadCreditLoans.com’s loans range from $500 to $5,000 with terms of three to 60 months.
- Loans from $1,000 to $35,000
- Large lender network
- Fast loan decision
- Use the loan for any purpose
- Funding as soon as one business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $35,000 | 5.99% - 35.99% | 3 to 72 Months | See representative example |
PersonalLoans.com works with a large network of lenders from around the country to offer loans ranging from $500 to $35,000. You can use one of its loans for any purpose, regardless of your location or credit score.
The site does require that you be at least 18 years old and have income to repay your loan through full-time employment, self-employment, disability, or Social Security benefits. If you meet these criteria and accept a loan offer, you can receive your money in as soon as one business day.
- Short-term loan of $100 to $1,000
- Large network of lenders
- Loan decision as fast as a few minutes
- Funding as soon as the next business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $100 to $1,000 | 200% - 2,290% | Varies | See representative example |
CashAdvance.com offers short-term loans of between $100 and $1,000. If you apply online through the site, you can receive a loan decision in a few minutes and funding as quickly as the next business day. While CashAdvance.com welcomes bad credit, you do need an income of at least $1,000 per month and a job you’ve been at for at least 90 days to qualify.
Cash-Out Refinancing Loans for Bad Credit
When you cash-out refinance a car loan, you replace your current auto loan with a new loan to cover the remaining balance plus an extra amount. The equity you have in your car will determine the extra amount, which you can use to cover an unexpected expense.
- 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
- See application, terms, and details.
| Interest Rate | In Business Since | Application Length | Reputation Score |
|---|---|---|---|
| 3.99% - 29.99% | 1999 | 3 minutes | 9.5/10 |
Since 1999, Auto Credit Express has closed $1 billion in bad credit auto loans. After you fill out its simple 30-second prequalification form, it can quickly connect you to cash-out refinancing loans from its partners.
To qualify, you’ll need a minimum income of $1,500 per month. Auto Credit Express also offers a resource center full of tips on how to improve your credit and make wise financial decisions.
- Free, no-obligation application
- Specializes in auto loans for bankruptcy, bad credit, first-time buyer, and subprime
- Affordable payments and no application fees
- Connects thousands of car buyers with auto financing daily
- See application, terms, and details.
| Interest Rate | In Business Since | Application Length | Reputation Score |
|---|---|---|---|
| Varies | 1994 | 3 minutes | 9.0/10 |
Car.Loan.com specializes in helping people with bad credit take out new auto loans or refinance their current ones. In addition to same-day approvals, it offers affordable payments and no application fees.
You can fill out its no-obligation application for free and receive cash-out refinancing offers from various dealers in minutes. The site also offers loan estimators and payment calculators to help you make the right decision.
- Loans for new, used, and refinancing
- Queries a national network of lenders
- Bad credit OK
- Get up to 4 offers in minutes
- Receive online loan certificate or check within 24 hours
- See application, terms, and details.
| Interest Rate | In Business Since | Application Length | Reputation Score |
|---|---|---|---|
| Varies | 2003 | 2 minutes | 7.5/10 |
MyAutoloan.com has been around since 2003 and offers new and used car loans as well as refinancing. Once you select your offer type and complete the quick online application form, you can receive up to four offers in minutes.
After you receive your offers, choose the one that’s right for you and provide some more information to receive a final decision. In addition to connecting you to cash-out refinance offers, myAutoloan.com has other helpful resources, including a finance guide, a better credit guide, an auto loan glossary, and a number of useful articles.
Credit Cards with Fast Funding for Bad Credit
Fortunately, most credit card companies approve applications in minutes. Some can even send your card via overnight mail for a fee. This is great news if you want to use a credit card to take care of your financial emergency.
10. Total Visa® Card
- Earn 1% cash back rewards on payments made to your Total Credit Card
- Checking Account Required
- $300 credit limit (subject to available credit)
- No security deposit, simply pay a one-time $95 program fee to open your account.*
- User friendly Mobile App.
- *See Rates, Fees, Costs & Limitations for complete offer details
- See Total Card Visa Rewards Programs Terms & Conditions for details
| Application Length | Interest Rate | Reports Monthly | Reputation Score |
|---|---|---|---|
| 9 minutes | 35.99%* | Yes | 8.5/10 |
Once you apply for the Total Visa® Unsecured Credit Card, you’ll get an approval decision in seconds. You can access your available credit right away, as long as you pay a program fee.
The Total Visa® Unsecured Credit Card reports to all three major credit bureaus so you can use it to improve your credit by making timely payments. You’ll find that this card is accepted in person and online by many merchants across the country.
- Earn 1% cash back rewards on payments made to your First Access Credit Card
- Checking Account Required
- $300 credit limit (subject to available credit)
- No security deposit, simply pay a one-time $95 program fee to open your account.*
- User friendly Mobile App.
- *See Rates, Fees, Costs & Limitations for complete offer details
- See First Access Rewards Programs Terms & Conditions for details
| Application Length | Interest Rate | Reports Monthly | Reputation Score |
|---|---|---|---|
| 10 minutes | 35.99%* | Yes | 8.0/10 |
Because the First Access Visa® has flexible requirements, you can get approved for it with bad credit. You’ll get a decision in minutes after you fill out its quick and easy online application. You can use its $300 credit limit (minus the annual fee) immediately at millions of merchants and ATM locations online and nationwide if you pay for the optional Expedited Processing.
- Up to $1,000 credit limit doubles up to $2,000! (Simply make your first 6 monthly minimum payments on time)
- All credit types welcome to apply!
- Monthly Credit Score – Sign up for electronic statements, and get your Vantage 3.0 Score Credit Score From Experian
- Initial Credit Limit of $300 – $1,000* (subject to available credit)
- Monthly reporting to the three major credit bureaus
- See if you’re Pre-Qualified without impacting your credit score
- Fast and easy application process; results in seconds
- Online account access 24/7
- Checking Account Required
| Application Length | Interest Rate | Reports Monthly | Reputation Score |
|---|---|---|---|
| 9 minutes | 29.99% APR (Variable) | Yes | 8.5/10 |
The Surge Mastercard® was specifically designed for borrowers with limited or bad credit. As long as you have a valid checking account, you can get approved for the Surge Mastercard® in seconds.
This card offers a credit limit of $300-$1000 with no deposit requirement and free 24/7 online account access. It can help you improve your credit because it reports to all three credit bureaus every month and provides free access to your Experian Vantage 3.0 score.
Can I Get an Emergency Loan with Bad Credit?
If you’re facing an emergency expense and don’t have the cash to pay for it up front, don’t worry. Although it’s more difficult to get an emergency loan with bad credit, it’s not impossible.
A variety of lenders are open to extending credit to those who have made credit mistakes in the past. You can find personal loans, cash-out refinancing loans, and credit cards to help you cover your expenses.
If you need an emergency loan but don’t have the best credit, be sure to shop around and explore all your options. Not all loans are created equal, and every option has its own set of pros and cons that are important to consider.
By taking a close look at every option available to you, you can increase your chances of securing a loan or credit card offer you can comfortably afford.
You should look at an emergency loan for bad credit as a positive because an emergency loan that aligns well with your budget may help you rebuild your credit and secure better loan offers in the future. An emergency loan has the potential to save you hundreds or thousands of dollars on your next loan if you make timely payments that will appear on your credit history.
Your payment history is the most heavily weighted factor in your FICO credit score, so when you make consistent on-time payments, your credit history will improve.
Are there Any Guaranteed Loans for Bad Credit?
Unfortunately, there is no such thing as a guaranteed loan — regardless of whether you have bad credit or good credit. While some lenders won’t check your credit, they will require that you meet their monthly income requirements.
For example, MoneyMutual and CashAdvance.com will not perform a credit check. However, MoneyMutual requires a minimum income of $800 per month while CashAdvance.com’s monthly income requirement is at least $1,000.
Since there are no guarantees in finance, the closest you’ll get to a guaranteed loan is a loan that has flexible credit requirements and specifically caters to people with poor credit histories. You’ll be on the hook for paying back the loan — plus interest charges and potentially other fees — through monthly payments.
Loan amounts vary from lender to lender. To cover a larger expense, you may want to go with PersonaLoans.com, which offers loans of up to $35,000. If your expense is smaller, other lenders such as CreditLoan and CashUSA.com may be an option.
Although guaranteed loans do not exist, it’s highly likely that you can secure a loan that is ideal for your unique situation.
Which Loan Company is Best for Bad Credit?
There is no one loan company that is the best option for every borrower with bad credit. While one bad credit loan may be a great choice for your friend, it may not make sense for you. Carefully evaluate all the options available to you before you move forward with a loan.
If you need a loan to cover a $5,000 car repair, a personal loan from MoneyMutual or CashAdvance.com isn’t a wise move. You’ll need a larger personal loan from a lender such as CashUSA.com or BadCreditLoans.com.
There is no single best loan company. Offers vary by lender and the applicant’s qualifications.
On the other hand, if you need to pay for a $300 medical bill, a credit card like the First Access Visa® or Surge Mastercard® may be the way to go. You may want to opt for cash-out refinancing from Auto Credit Express or myAutoloan.com if you have a current auto loan and a car with some equity.
Consider your expenses, your budget, and the various options for which you’ve been approved. Choosing a loan is a major financial decision that shouldn’t be taken lightly. You can save a lot of money down the road by being selective about the offer you go with.
Get the Money You Need Fast
If life throws you a curveball and you need money to cover an expense, take a deep breath. Then, remember that loans for bad credit with fast funding are available to help you.
In fact, you have many options, probably more than you realize. From personal loans and cash-out refinancing to credit cards, you should be able to find a loan that works for your unique situation and needs.
Advertiser Disclosure
BadCredit.org is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free for users, we receive advertising compensation from the financial products listed on this page. Along with key review factors, this compensation may impact how and where products appear on the page (including, for example, the order in which they appear). BadCredit.org does not include listings for all financial products.
Our Editorial Review Policy
Our site is committed to publishing independent, accurate content guided by strict editorial guidelines. Before articles and reviews are published on our site, they undergo a thorough review process performed by a team of independent editors and subject-matter experts to ensure the content’s accuracy, timeliness, and impartiality. Our editorial team is separate and independent of our site’s advertisers, and the opinions they express on our site are their own. To read more about our team members and their editorial backgrounds, please visit our site’s About page.
