Written by: Adam West
Edited by: Lillian Guevara-Castro
You’ve come to the right place if you’re looking to get cash now loans for bad credit. Instead of waiting days for a direct lender to get to your application, you can submit a loan request to an online lending network and potentially receive multiple loan requests within a matter of minutes.
If you qualify, you could have cash in your linked checking account by the next business day. And since these lenders specialize in working with borrowers who have a bad credit score, you don’t have to worry about your previous financial mistakes coming back to haunt you.
These loans are fast, affordable, and flexible — which means you can start rebuilding your credit while having access to the money you need to keep life moving along.
Online Loans | Alternatives | FAQs
Online “Get Cash Now” Loans for Bad Credit
You can submit a loan request to any of the personal online lending networks at any time of the day or night. If you’re offered a loan that meets your needs, the network will transfer you to the lender’s website to complete the loan paperwork.
Depending on when you submit your request, you could wrap up the entire loan process in an hour or less. The online lender will then transfer your money to a linked bank account — giving you access to the funds within one business day.
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 |
MoneyMutual connects consumers with any credit history to lenders that offer short term loan products with an affordable interest rate and monthly payment. If you qualify, you could close your loan in a matter of hours and have your money by the next day.
Qualified applicants must be 18 or older, have an active checking account, and provide proof of employment and an income of at least $800 per month. Individual lenders may have other requirements for loan approval.
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 |
If you’re looking for a larger loan, the CashUSA.com network of lenders may be able to cover you with a long-term installment loan that lets you repay the debt with a monthly payment plan that works with your budget.
To qualify, you must be at least 18 years old and a U.S. citizen or permanent resident with proof of at least $1,000 in monthly after-tax income. You must also have a checking account in your name and provide work and home phone numbers, as well as a valid email address.
- Quick loans up to $5,000 as soon as tomorrow
- Submit one form, get multiple options
- All credit ratings welcome — good or bad
- Requires a checking account and $800 minimum monthly income to apply
- No collateral or cosigner required
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $250 to $5,000 | Varies | Varies | See representative example |
The InstallmentLoans.com online lending network can help connect you with a direct lender that offers a small personal loan to get you out of a jam. These loan providers don’t require a minimum credit score, but each direct lender has its own standards for approval.
Qualified borrowers need to provide a valid state driver’s license number, Social Security number, home or cellphone number, bank account information, home address, and employment or benefits income information. Applicants must be at least 18 years old and a U.S. citizen or permanent resident.
- 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 maintains two separate online loan networks, one of which focuses solely on bad credit personal loan products. This means you’ll never have to worry about your loan request going to lenders that won’t consider your application.
This network will even consider your application if you have a recent bankruptcy on your credit report, but it will not accept your application if your bankruptcy case is still pending in court.
- 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 states that it can often connect you with a lender even when you can’t get approval elsewhere. These subprime signature loans don’t require a minimum credit score for loan application approval, but your credit score will determine your interest rate, monthly payment, and repayment term.
BadCreditLoans even considers applications that show a recent bankruptcy, but make sure your case is finalized before you submit a loan request.
- Loans from $250 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 |
|---|---|---|---|
| $250 to $35,000 | 5.99% - 35.99% | 3 to 72 Months | See representative example |
A personal loan from the PersonalLoans.com network will give you the freedom to use your loan proceeds in any way that you choose. This lending network offers the largest loan amounts on this list, but only applicants with good or better credit will qualify for the largest amount.
You can review your loan offer with no obligation and decide whether it’s the right option for you. Funds can be deposited 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 |
A Cash Advance — otherwise known as a payday loan — is an ultra-short-term loan that’s intended to act as a bridge to your next payday. The loans from CashAdvance.com require repayment in one lump sum, including interest, within 15 or 30 days. Since the interest rates typically start around 400%, these are loans you should only consider as a last-resort emergency loan.
This network will connect you with a payday lender that can approve your loan application quickly and put money in your hands in a hurry. You can also visit a local payday lender and attempt to qualify for a loan that will only require proof of income. An in-person payday lender may not need a credit check to approve your loan request.
Alternative Loans to Get Cash Now
If you can’t wait one business day for a loan, you can still find a reputable lender willing to consider you for a bad credit loan. While they may not come from a traditional lender, these secured loan options will likely pay out right away and give you access to the money you need with the help of collateral.
Consider all of your options before you take a leap into one of these risky loans. If you’re concerned that your credit score will disqualify you from working with a traditional lender for an installment loan, you can attempt to prequalify through the lending networks above without risking harm to your credit score.
8. Payday Loans
Just about every town or city has a payday lender where you can apply for a short term loan. In most cases, you can qualify in less than one hour without the need for a credit check.
Payday loans are easy to qualify for if you can prove you can repay them within 15 to 30 days.
But don’t let the ease of approval sway you from seeing the danger in these loans. You’ll likely encounter an extraordinarily high interest rate and can see your debt multiply quickly if you’re unable to repay the entire debt within 15 to 30 days.
9. Pawnshop Loans
Perhaps one of the oldest secured loans in existence, a pawnshop loan allows you to use something of value as collateral to secure a cash loan in your name. Just know that you’ll lose your valuables if you cannot repay the debt in time.
Pawnshop loans require you to leave your valuables with the pawnbroker until the loan is repaid.
Plus, most pawnbrokers only offer around 20% to 60% of an item’s resale value as a loan. That means you could get as little as $200 for a $1,000 item. If you can’t repay the loan, you’ll lose that item for far less than what it’s worth.
10. Title Loans
With a title loan, you’ll have to hand over the title to your vehicle in return for a cash loan. If you repay the debt — with interest — in time, you’ll get your title back. If you don’t, the lender will take ownership of your car.
Title loans are among the riskiest loan types because you could lose your vehicle if you don’t repay the debt.
And just as with a pawnbroker, your loan will usually total far less than the value of your collateral vehicle. That means a default could result in a very large loss for you. These loans aren’t only risky, they’re also expensive when you factor in the high interest rate and typically large origination fee.
11. Borrow Money From Friends or Family
If things get really tight, you can always ask a friend or family member for a small loan. While these loans likely won’t hinge on your personal credit, they could ruin your personal relationships if you can’t repay the debt.
Borrowing money from friends or family is a safe bet if you know you can repay the money so as not to damage the relationship.
Many people shy away from lending money to loved ones. That could make it harder for you to find a loan. But if you do take this route, be sure to act responsibly so you don’t risk damaging relationships with your loved ones.
How Can I Get Emergency Cash With a Bad Credit Score?
Whatever your needs may be — a large personal loan, a bad credit business loan, or a small emergency loan — an online lending network likely has the connections to get you what you want.
The online lending networks listed above aren’t actual lenders. Instead, they act as a referral service that partners with many lenders from around the U.S. When you submit your single loan request to each network, it will forward your needs to every partner lender.
Thanks to automated underwriting, you can receive an email within minutes after submitting your loan request that may contain multiple loan offers for you to choose from. Each offer will vary in terms of the loan amount, interest rate, and repayment term.
If you find a loan you like, you can accept the terms and be forwarded to the lender’s official website. From there, you will complete the loan paperwork and receive your money to a linked bank account, credit union account, or another form of checking account that accepts direct deposit within one business day.
These networks don’t charge for their services. Instead, they receive a referral fee from lenders after each closed loan.
The amount of money you qualify for will vary based on the lender and the loan network. For example, MoneyMutual’s lenders only consider personal loan and small business loan requests of up to $2,500. PersonalLoans.com, on the other hand, accepts loan requests of up to $35,000.
Each lender may also have minimum credit score and other qualification requirements. While one lender may see a low credit score and withhold approval, another may welcome your business with open arms.
Perhaps the biggest advantage you have when using an online lending network is your ability to leverage your spending power. Lenders don’t make money if they aren’t extending loans. Even if you have a bad credit score, lenders still need your business to increase their profits.
When a network submits your loan requests to several lenders at once, it increases the competition for your business. Since there’s no way to negotiate a loan offer, these loan providers must give you their best offer right away if they want to earn your business.
And when you submit that request, the loan network will only use a soft credit pull to access a limited version of your credit history. This will not place an inquiry on your credit report and won’t affect your credit score.
If you decide to accept a loan offer through the network, the lender may require access to your full credit report, depending on the lender and loan type. That’s only possible with a hard credit check that will leave an inquiry on your credit report. But you’ll have peace of mind at that point knowing you’re prequalified before you apply.
What’s the Easiest Loan to Get With Bad Credit?
The easiest loan to get with bad credit is a secured loan. These loans require collateral from the borrower that reduces the risk that lenders take when they extend any type of bad credit loan.
A pawnshop loan, for example, won’t require a credit check for approval. As long as the item you’re pawning has sufficient resale value, a pawnbroker will accept your loan request and pay out immediate cash before you leave the business. A title loan may also skip the credit check process as long as you can provide a clear title for a vehicle with enough value to meet the lender’s requirements.
While both of these loans are easy to qualify for, they place all the risk in the borrower’s hands. If you default on your loan, you can lose your car or other valuable possessions.
And that’s not even considering that these risky loans often come with very high interest rates that make them even more expensive for the borrower.
That’s why the easiest loans to qualify for aren’t always the loans that make the most financial sense. Many consumers seek easy loans because they think they don’t qualify for a traditional loan, but that’s always not the case.
No matter what your credit score is, you may find that a traditional personal loan from an online lending network is just as easy to get — and far more affordable to manage. These loans often come with competitive interest rates and don’t require collateral for approval. That means you don’t have to risk your valuables to get the money you need.
And, unlike a pawnshop or title loan, a personal loan can help you improve your credit score. Each month, your online lender will report your balance and payment history to at least one major credit bureau. With responsible behavior, you could increase your credit score as you pay down your loan.
With the ability to improve your credit score and save you money over the life of your loan, an online lending network may make the most financial sense for your needs and goals.
Which Loans Don’t Require a Credit Check?
Lenders rely on a credit check, your proof of income, and your current debt load to gauge your ability to repay any loan you accept. When you take away any of those factors, you can expect greater fees and charges to offset the risk — and that’s if the lender will even consider such a deal.
Of those three factors, your credit check may be the least important. Lenders won’t consider your loan application if they aren’t able to verify that you make enough money to repay your debt. The same goes for judging your ability to repay based on your current monthly bills.
But you can find lenders willing to skip a credit check in exchange for a higher interest rate and origination fee, which is generally called a finance fee for payday loans.
You can also persuade a lender to look past your credit check if you secure your loan with collateral. This could mean that you use a personal item of value as collateral in case you default on your loan. These are known as secured loans and many will not require a credit check.
A payday loan is technically a form of secured loan since it uses your next paycheck as collateral. If you don’t repay your debt within the 15- or 30-day window, the payday lender could take possession of your next paycheck. That rarely happens, though.
Instead, the lender will likely roll your loan into a new debt with a higher interest rate and more fees. This form of compounding keeps your debt growing so the lender can make more money off your situation.
If it sounds unfair to you, you’re not alone. Many state governments have laws in place to limit how much a payday lender can charge.
This is often what you’re up against when you seek no-credit-check loans. Be it a title loan, pawnshop loan, or another secured loan, you often end up paying more than what you planned while risking your valuables to boot.
What’s the Difference Between a Secured and Unsecured Loan?
The main difference between a secured loan and an unsecured loan is that a secured offering requires collateral as security against loan default. This means you can lose your valuable items if you fail to repay your debt on time.
Some lenders will allow your collateral to take the place of your credit check. But passing the risk on to the borrower doesn’t make these loans less expensive. Many secured loans have a higher interest rate and origination fee.
A secured loan will often accept several types of collateral, including real estate, paychecks, vehicles, stocks or other investments, insurance policies, jewelry, or high-end collectibles.
Other differences between the two include:
- A secured loan places more risk on the borrower. An unsecured loan is riskier for the lender.
- A secured loan may allow you to skip a credit check. Most unsecured loans will require a credit check for approval.
- Most secured loans will not report to a credit bureau to help you build your credit score. Nearly every unsecured loan will report on your behalf.
- Secured loans often have much smaller loan amounts than unsecured loans.
- Unsecured loans often give you more time to repay your debt. Most secured loan options have repayment windows that rarely extend beyond 30 days.
- It’s easier to qualify for a secured loan than it is an unsecured loan.
Both loans have their perks and drawbacks depending on your financial situation. While your bad credit score may increase your interest rate and make an unsecured loan more expensive, you still won’t risk losing your valuable property to get access to the money you need.
Most of the online lending networks listed above also limit a borrower to one loan at a time through the network. If you need another loan, you’ll have to apply through a different network or wait until you pay off your current debt before applying for another loan.
How Much Money Can I Borrow With Bad Credit?
There’s no way to determine exactly how much you can borrow without first applying for a loan. Every lender has different minimum and maximum loan amounts, as well as standards for approval that may include minimum credit score requirements.
You’ll likely find that some lenders offer you more money than others. One lender may accept your loan request whereas another may decline your application. Loan terms and conditions are completely up to the individual bank, credit union, or independent lender.
But depending on how much you need to borrow, you can narrow your choices of lending networks down by looking at each website’s lending limits.
For example, if you need to borrow $5,000, you shouldn’t consider MoneyMutual because the network has a maximum loan limit of $2,500. If you need a small loan, CreditLoan.com and its $250 minimum may be for you.
Below are the lending maximums and minimums (if published) for our favorite lending networks:
- MoneyMutual: Personal loans of up to $5,000
- CashUSA.com: Several loan types of between $500 and $10,000
- InstallmentLoans.com: Personal loans of between $250 and $5,000
- CreditLoan.com: Several loan types between $250 and $5,000
- BadCreditLoans: Several loan types between $500 and $5,000
- PersonalLoans.com: Personal loans of between $250 and $35,000
- CashAdvance.com: Payday loan options of between $100 and $1,000
You may note that PersonalLoans.com offers very large loan amounts of up to $35,000. This network maintains two separate divisions — one for good-or-better credit applicants and one for bad credit consumers. Bad credit loans through this network max out at $5,000.
What Fees Do Emergency Loans Charge?
Just as loan amounts, interest rates, and loan terms are completely up to the lender, so are the various fees and charges a lender may tack on to your loan package.
Bad credit loans, by their very nature, are more expensive than traditional personal loans. The added fees both increase the lender’s profits and offset the risk associated with these loans. Some fees you may see on your loan include:
- Origination fee: This is a fee that’s charged to cover the time the lender takes while preparing your paperwork and processing your loan. It may be charged as a flat rate or a percentage of your overall loan total.
- Interest fees: Every loan will have an interest rate associated with it. This is the percentage of your total balance that the lender charges every month for lending you money.
- Late fee: If you submit your payment after the due date, you can expect a late fee added to your next monthly payment. Depending on how late your payment is — usually 30 days or later — it could also be reported to the credit bureaus and hurt your credit score.
- Prepayment fee: Lenders make money off your interest fees. If you repay your loan early, you won’t pay those fees. To avoid that loss, lenders may charge a fee for paying your loan off early.
- Exit fees: These are rare in the personal loan sector, but some bad credit loans may even charge a fee after you’ve repaid your debt to close your account.
Review your loan disclosure before you sign it. This will tell you the total amount you’ll pay to satisfy your debt and break down any fees you’ll encounter along the way.
How Can I Get a Loan With No Job?
Lenders don’t require you to have a job to qualify for a loan. Instead, they only want to see that you have sufficient income to cover your monthly payment. Your income does not have to come from a paycheck or traditional employment.
Most lenders will allow you to include several forms of qualifying income on your application. This can include money earned from full- and part-time employment as well as government benefits such as disability, Social Security, and unemployment checks. You can also consider money earned from a structured settlement, an annuity, rental property, student aid, or investment returns.
Even if you are employed and receive a regular paycheck, you can include any of these other income streams you receive to increase your income and your odds of approval.
Some online lending networks, such as CreditLoan.com, allow you to specify how you receive your income — giving the option to tag your earnings as part of employment, government benefits, retirement benefits, or several other options.
What Credit Score Do I Need to Get a Loan?
Most online lenders do not have a minimum credit score requirement for loan approval. Instead, the lender will examine your credit history, income, and current debt load to determine whether you’re able to repay any new debt you take on.
Your credit score may not be the deciding factor in this. In fact, some consumers who have excellent credit still can’t qualify for a loan if they have too much current debt. The opposite happens for some consumers who have bad credit, but a solid income and little debt.
Before you apply for a loan, pull your free annual credit report. This will show you all of the information that a lender sees when reviewing your credit history. Look for recent negative items, including late payments, defaults, or collection accounts, which may lower your chances of approval.
Compare your current monthly debts to your income to see what your debt-to-income ratio is. Don’t worry about smaller bills like your cellphone, streaming services, or other entertainment expenses. A lender typically only considers your rent or mortgage, credit card debt, and monthly utility bills for new loans.
If you have a credit card or other loans with high balances, you may also have to prove that you can afford more debt. This may be hard to overcome if you have a lower income.
By researching these items early, you can prepare for any potential questions a lender may ask. Being prepared also shows a lender that you’re serious about your loan and ready to take financial responsibility for the debt.
Get Cash Now Loans for Bad Credit to Better Your Life
It may be easier than you think to get cash now loans for bad credit. Instead of focusing on your bad credit score, consider your income, current debts, and ability to repay a loan. If you can prove that you have the income to handle your current bills — plus the cost of new debt — many online lenders will be willing to work with you.
The lenders that partner with online lending networks understand that emergencies require quick money. That’s why they can prequalify you within minutes and you can receive final approval in an hour or less. Once you complete your virtual paperwork, you can have money in your bank account by the next business day.
With responsible behavior and timely payments, you can use your new loan to improve your credit score with each credit bureau and qualify for better and more affordable loans in the future. That puts the power back in your hands to take control of your financial future and set up the path to success that you’ve always envisioned.
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