Bad Credit Loans With Guaranteed Approvals- Top Direct Lenders For Online Payday Loans With Low Credit Score And No Credit Check Loans[2021 Reviews]

If you are looking for a way to get funds to pay your needs but have a bad credit score, you might be wondering if there is a way to get a loan. Very often in life, there are many unexpected situations when you need money, and if you don’t have savings, it can be a very challenging situation.

The majority of the lenders are looking for a good credit score to ensure that you will be able to pay it back. However, as times are constantly changing, the need for improved financial services has also been raised. With that being said, in this article, we will review some of the best companies that specialize in providing bad credit loans with guaranteed approval.

Top 5 Best Bad Credit Loans With Guaranteed Approvals

  1. MoneyMutual : Overall Best Bad Credit Loans
  2. Bad Credit Loans : High Chances Of Loan Approval
  3. CashUSA : Lowest Interest Rates
  4. Personal Loans : Best Personal Loan Company
  5. CreditLoan : Best Loan Lenders For Poor Credit Score

#1. MoneyMutual : Overall Best Bad Credit Loans

MoneyMutual was established in 2010 and it is a service that is not a direct lender but an intermediary between lenders and bad credit borrowers. It is known for providing money lending services and professional lenders who are willing to work with people whose credit score is not ideal. The platform offers access to more than 60 potential lenders based on your financial needs and situation.


Application process

MoneyMutual’s website is very user-friendly and easy to understand, which is very important for people who are applying to get a loan for the first time. If you want to apply, you will need to fill out an application form in which it is required to provide information such as name, state, zip code, age, email, and income. Once this is settled, the platform will connect you with potential lenders that can work with you.

When a lender is ready to provide you with a loan, you will be redirected to their page, where you will have to carefully check the terms and conditions before you decide to continue with the process. If there is an agreement to their terms, interest rates, and fees, the deal is finalized, and you will receive the funds within 24-48 hours.

Eligibility for a loan

As we can see, the application process on MoneyMutual is quick and simple. However, there are certain criteria that you need to meet to be considered in getting a loan. The platform requires at least $800 of steady income per month, the borrower to be at least 18 years old and a resident of the U.S. Additionally, you will be asked to provide documentation that proves your employment status.

MoneyMutual fees

If getting a loan from this money lending platform is something that interests you, but you worry about the fees, MoneyMutual has you covered. The platform doesn’t charge any fees or hidden fees but instead connects you with professional lenders for free. This is very convenient for many people as such services often come with fees that will get you to pay a lot more than you intended. An important thing to mention, however, is that the lender might charge you with their own fee, but it needs to be discussed before you accept the loan.

Type of loans

MoneyMutual offers several types of loans for their customers, including payday loans and installment loans. Payday loans are intended for people who are struggling financially to make it to the next payday. This type of loan is often used for daily payments such as grocery shopping. Similarly, installment loans are the most popular type of loan, which requires you to pay monthly in order to repay the whole loan. The company also provides cash advances which are short-term loans that shouldn’t be overlooked as well.

MoneyMutual offers

This money lending platform allows you to get a payday loan as low as $250 up to $5,000 in a very short period of time. The platform also takes advanced security measures to protect their client’s credentials, so you needn’t worry about your funds or personal information when you are using such a service. On that note, after you are connected with a lender, the platform is not responsible for any issues that can appear, but their loan lenders must comply with their guidelines, so your data is safe with them as well.


  • Funds are delivered very fast
  • No charges for the service
  • Minimal credit score check
  • Easy application process and quick approvals
  • Educational section for borrowers with less experience


  • The platform is not liable for any issues after reaching an agreement
  • Only available for residents in the U.S.

Customer experience

MoneyMutual’s customer base is constantly growing and over 2 million people have used their services so far, which is really impressive. Many clients are satisfied with the platform as it matches them with professional lenders, and it helps them receive loans much faster than other similar services. The users are also satisfied with how easy to use the platform is and the fact that it doesn’t charge any fees. Other clients like the company’s transparency about the services they provide.

⇒ Visit the Official Website of MoneyMutual

#2. Bad Credit Loans : High Chances Of Loan Approval


Bad Credit Loans as a money-lending platform, has years of experience in providing such services. It was established in 1998 and it works as a matching service between borrowers with bad credit scores and potential lenders who are experienced in working with individuals with different financial situations. The company acknowledges that unexpected situations and financial struggles often occur, so they are determined to provide chances for people who are in need of quick funds.


Application process

In order to apply for a loan on Bad Credit Loans, you don’t have to provide a ton of paperwork, but fill out a very simple and straightforward form that you can find on the website. The form requires you to enter personal information such as birth date, contact information, bank information, employment status, your credit score category, the amount that you need, and the reason for asking for a loan. After you submit the application, the platform then connects you with professional lenders who will review your financial position and decide if they want to work with you.

In addition, after a lender has accepted to continue with the process, they will contact you to present you the terms and conditions that you need to consider. Every lender has its own terms, rates, and fees, so make sure that you completely understand the process before the deal is finalized. Another great thing about Bad Credit Loans is that it transfers funds as soon in just 24-48 hours.

Bad Credit Loans requirements

Although the platform offers bad credit loans with guaranteed approvals with minimum credit score checks, there are specific criteria that you need to meet. As a borrower, you have to be at least 18 years old, a resident or permanent citizen of the U.S., have an active bank account opened in your name, and have a steady income source. The platform also requires you to provide proof of citizenship.

Bad Credit Loans offers

What makes this money lending platform one of the best bad credit loans on the market is its flexible repayment options. You can repay the amount of the loan even up to 36 months which is enough time for people to get the funds in time. Using this platform, you can receive from $500 up to $10,000 in loan with a rate that fluctuates between 5.99% to 35.99% APR. Bad Credit Loans also doesn’t charge any fees for their service, as they connect you with suitable lenders for free.

What we also find refreshing to see is that the platform assists you with facts about whether you can afford to repay the loan before you agree with the terms. In case the offers don’t work well for you, you can decline without any impact on your profile and try to find a better solution for you. Sometimes the lenders review your situation and compare the amount that you want to borrow with your income, and recommend another amount that will work better for you.

Bad Credit Loans other services

Besides providing loans for people whose credit score is not ideal, this lending platform offers a couple of other useful services for their clients. Bad Credit Loans also provides credit repair services, debt relief services, and even third-party lenders. What is more, the platform also has an educational section on their site, where you can find many informative articles about credit report and financial struggles and how to overcome them.


  • Flexible repayment options convenient for customers
  • Automatically connects you with a potential lender
  • Free service without hidden fees
  • Advanced encryption technology for safety
  • Professionals for personal loans consultations


  • Limited loan amounts for people with bad credit scores
  • Not rated by the Better Business Bureau

Customer experience

We found many positive comments from customers expressing that this platform has helped them in times of emergency by providing quick funds even with a bad credit score. Other users state that they appreciate the extensive network of professional lenders and the educational section for less experienced borrowers. People also like that the site is very simple to use and navigate.

⇒ Visit the Official Website of Bad Credit Loans

#3. CashUSA : Lowest Interest Rates


CashUSA is a well-established and reputable lending service that provides access to bad credit loans with guaranteed approvals by matching the borrowers with a plenty of suitable lenders. What differentiates CashUSA from others on the scene is that it offers smaller loans as well.

The company takes its client’s needs and requirements very seriously. Hence, it provides an education section accessible for everyone who wants to learn more on different financial topics, which is very useful for less experienced borrowers.


Loan application process

The form for applying for a loan with bad credit on CashUSA is divided into three sections. The first section requires personal information such as name, email address, zip code, the amount that you request, and whether you are an active member in the military. Additionally, the second section includes phone number, address, income source, homeownership, ID, driver’s license, SSN, bank account type, and details about your job.

Finally, before you submit, you need to provide your bank account details along with information on whether you own a car, your job title, and are you paid by direct deposit. Once this is settled, the platform will connect with plenty of lenders that are familiar with different financial situations, and if they agree to work with you, you will be redirected to their page.

Keep in mind to carefully read all the terms and conditions before you accept the loan and compare the amount with your income to ensure that these terms will work for you. The site also gives you all the necessary information you need to make a better decision. In case you don’t want to agree with an offer, there will be no impact on your profile.

CashUSA eligibility requirements

As with other services of such kind, CashUSA requires several criteria to be met. The borrower must be at least 18 years old and a citizen of the U.S. Moreover, to get a personal loan, you must have at least $1,000 income monthly, a valid checking address, phone number, and a valid home address.

CashUSA offers

Regarding the loan amount, CashUSA allows you to get from $500 up to $10,000 within 24 hours with rates varying from 5.99% to 35.99% based on the terms. However, that is not all when it comes to great features. This money-lending platform provides very flexible repayment options in the course of 3 months to 72 months which is very impressive. The platform is also service-free, meaning that it won’t charge you any fees for connecting you with potential lenders.

In case you worry that you will forget your monthly payment, CashUSA automatically withdraws your monthly payments, which is a feature that will make you stress-free during the repayment period. The platform also allows you to evaluate the terms and conditions of the lender before you make an agreement, which is also very significant.

Educational section and additional features

When you visit the website, you can find many educational articles talking about bad credit history and how to improve them, how to overcome financial struggles, how to repay loans, debt calculation, how to repay student loans, and many others that can be of great help for many people.

What we also like about CashUSA is that it also provides you with an experienced financial advisor that can give you advice on how to improve your financial position and explain more about the loan processes. The platform also uses advanced encryption technology to ensure their client’s data safety.


  • Extensive repayment period
  • A large network of lenders
  • No service fees for connecting borrowers with lenders
  • Reliable and professional lenders
  • Quick fund transfer


  • The form asks for a lot of personal information
  • A steady income of $1,000 a month is required

Customer experience

Judging by the reviews, CashUSA is one of the most reliable money-lending platforms that provides many valuable features and cares about its clients. Many users were satisfied with the quick application process and the flexible repayment options.

There are also many recommendations for using this platform as it takes security measures to ensure that those safe transactions are made. Other users like the educational section help you make better decisions regarding loans with poor credit scores.

⇒ Visit the Official Website of CashUSA

#4. Personal Loans : Best Personal Loan Company


Personal Loans promises its customers a safe and secure service for customers who are in need of quick funds. The platform is not a lender, but it connects the borrowers with a large base of professional and experienced lenders who can work with people in various financial situations. If you are looking for a reliable service, appealing features, and flexible repayment terms, then Personal Loans is the right solution for you.


Loan application procedure

The application process on Personal Loans is very straightforward and easy. What this means is that you need to fill a form providing only basic information and wait to be connected with potential lenders. Then, if a lender decides to work with you, you will be redirected on their page to discuss terms, conditions, rates and fees, and if an agreement is reached, the funds will be transferred directly into your bank account within 24 hours.

Criteria that you need to meet

If you are wondering who can apply for a bad credit personal loan on this money-lending service, there are several criteria that you need to consider. To get a loan, you need to be at least 18 years old, have a valid Social Security number, live anywhere in the U.S., and have at least 580 credit score and a checking account. Furthermore, you will be asked to provide documentation that proves your identity. When it comes to income, you have to be full-time employed or be self-employed and have a steady income.

Personal Loans type of loans

Personal Loans offers a couple of loans that you can apply for. The clients can now get peer-to-peer loans that require connecting with investors, personal installment loans with monthly scheduled payments, and personal bank loans for which you will be contacted by your local bank.

The platform also provides funds very quickly, meaning that you won’t have to wait to receive the money, which is convenient for emergency situations. You can find out more about each type of loan on their website and find out even more about the requirements needed to be eligible for them.

Personal Loans offers

Personal Loans allows you to get a loan from $1,000 up to $35,000, which is not something you can see on other platforms. Another great thing about this platform is that it has flexible repayment options. In other words, you can repay the loan in the course of 90 days up to 72 months. If you think you won’t be able to make the payment on time, you can contact their customer support team that will offer you another date. Correspondingly, if you miss your payment, you can contact the lender to discuss new arrangements.

Although Personal Loans has an extensive network of lenders, there are also third-party lenders that will receive limited information on you to decide whether they want to work with you. However, this occurs only when no lender is suitable for your financial situation. The interest rate fluctuates from 5.99% to 35.99%, depending on the lender.

Even though the platform doesn’t charge fees, the lender might have their own fees that are presented in the terms and conditions. In addition, Personal Loans has an obligation-free rate quotes feature that enables you to see offers that you expect without giving any account details. This is an excellent option for people who just want to browse options or get a quote.


  • You can receive a loan even up to $35,000
  • Flexible repayment options
  • Funds transferred the same day they are requested
  • There is no obligation to accept an offer
  • Useful personalized offers for customers


  • People with extremely bad credit scores might not get accepted
  • Higher monthly salary requirements

Customer experience

The majority of the positive comments are about the Personal Loans’ flexible repayment terms you can’t often find in such services. Other users were very satisfied with how quickly they received the funds and how easy to use and informative the website is.

We also noticed many comments about the excellent customer service and the types of loans that they provide. We especially liked that the platform is very transparent about everything they provide, which can be seen by the information found on their site.

⇒ Visit the Official Website of Personal Loans

#5. CreditLoan : Best Loan Lenders For Poor Credit Score


CreditLoan is one of the oldest bad credit loan platforms that was established in 1998 and since had been successfully providing services for borrowers with affordable interest rates and flexible repayment options. The company’s primary goal is to educate the customers about financial struggles by using their educational tools and connecting them with a reliable and professional network of lenders.


CreditLoan application process

In order to apply for a loan by one of the most reliable loan services, you need to fill out a form that you can find on the website and answer a couple of questions so that it can match you with potential lenders. After you submit your application, you will be redirected to the lender’s website, where you can review the terms and conditions and make a decision. If you accept the offer, the money will be transferred into your account within 24 hours of the request, which is really quick.

CreditLoan offers

This money-lending platform is suitable for people who are looking for smaller loans. You can get a loan of as little as $250 up to $40,000. The service is also free of fees, and the repayment terms are discussed between the lender and the borrower. A great thing about CreditLoan is that their customer service is available all the time, and you can apply for a loan any time of the day that you want.

Aside from loans for bad credit scores, CreditLoan also offers auto loans, personal loans for bad credit, and student loans. The website is also very informative and transparent about the services they provide so that you can get more familiar with the loan processes. What is more, the company guarantees a 90% chance that their form will be accepted, meaning that they are very confident about the services they provide.

Eligibility criteria and security

To be eligible for a loan from CreditLoan, you need to be at least 18 years old, have an active bank account, be a resident of the U.S. and have a reliable source of income. With that being said, when you are applying, you might be required to provide more personal information, which you shouldn’t worry about since the platform takes their clients’ data security very seriously.

The site uses privacy standards and certificates such as SSL, McAfee and TRUSTe, making it one of the safest platforms for bad credit or no credit check loans with guaranteed approvals. With this in mind, borrowers can be worry-free about their personal information as the service ensures that their data won’t be compromised.

Educational section

When you visit CreditLoan’s website, you can find a blog section that contains educational material about personal finances, guides for budgeting, interactive stories about credit scores, and many other articles on various topics. Moreover, the platform provides useful tools such as an interest rate calculator, mortgage calculator, financial calculator, etc. Furthermore, you can find lender reviews and banking reviews which can also be beneficial for many customers.


  • Decades of experience in the industry
  • Suitable for people looking for smaller loans
  • Lower interest rates
  • Highly secured platform
  • Funds transferred in only 24 hours


  • People who filed for bankruptcy can’t get a loan

Customer experience

The customers are delighted with the security measures that CreditLoan takes to secure their personal and banking information. Moreover, borrowers are delighted with the low interest rates, quick funds transfers and educational material and tools that CreditLoan offers. Many clients are extremely satisfied that these bad credit loan providers offer smaller loans and an easy-to-use and understand website that is also very informative.

⇒ Visit the Official Website of CreditLoan

Factors to Take Into Consideration When Requesting Bad Credit Loans With Guaranteed Approvals

When seeking a loan, an important thing to examine is whether you meet the eligibility requirements. To know this, before applying, you need to check the conditions that each of the money-lending platforms requires. Additionally, it is critical to comprehend each lender’s terms and services in order to determine whether they are appropriate for your financial condition.

Another crucial consideration is the amount of monthly income you earn vs. the monthly repayment cost. Although the platforms offer loans for people with bad credit scores, the lenders have some criteria into consideration before they agree to work with you.

In other words, if you have a consistent monthly income, lenders are less likely to be concerned about your poor credit score, as they will be more sure that you will be able to repay the loan, and the chance of getting a loan will increase.

  • Lender’s terms and conditions

Going through terms and conditions is not very fun, but they are critical to examine, particularly if you are seeking a loan. This is due to the fact that they contain valuable information such as repayment plan and schedule, interest rates, additional fees or penalties, and so on. As a result, it’s crucial that you read all of the terms thoroughly, as even the tiniest oversight might result in financial loss.

The lending platforms we looked at in the article are completely free of charge. However, you must be aware of any origination fee and hidden fees charged by the lenders in order to avoid spending considerably more than you expected. Moreover, you need to make sure that you can repay the loan on time to avoid any unnecessary fees and payments. If you miss the monthly payment, you might encounter late fees, which is something that you want to evade.

Along with the terms and conditions, the interest rate is an essential factor to consider. You need to be on the lookout for high-interest rates that some lenders set for riskier borrowers. To avoid them, you must analyze the total loan amount and the loan’s interest rate.

The rate is usually fixed, so consumers don’t have to worry, but it can fluctuate depending on market conditions. Fixed interest rates can be beneficial for borrowers if money loses its value over time. Otherwise, the borrower will have to pay much more depending on the value of the money.

Another critical factor to consider is conducting research on the money-lending platform. What this means is that if a bad credit loan provider is well-established on the market and is highly rated by the majority of the customers, you should give it a go. Keep in mind that someone’s experience might not match yours, but honest opinions from other clients can tell a lot about a service and its quality.

Frequently Asked Questions

Q1. What is the main difference between unsecured and secured loans?

In order to get a secured loan, you need to provide collateral valuables such as a car and a house. However, if you don’t succeed in paying your monthly payments on time, your valuables will be repossessed by the lender. With that being said, if you have a bad credit score, you have a higher chance of getting such a loan because it is less risky for lenders.

On the other hand, unsecured loans don’t require any type of collateral, but they do come with higher interest rates, especially for people whose credit score is not the best. These types of loans also come with limited borrowing options, as they are part of your credit score, income, and past payment schedules.

Q2. Is there a way to improve my credit score?

Improving your credit score is not something you can do overnight, but there are some steps you can take to go in the right direction. It is significant to check your credit score from time to time and avoid situations that can involve investigations. Additionally, you need to pay the bills on time and pay any type of debt and installments that you have. What you can also do is consult financial advisors that can guide you on how to improve your credit score more quickly and efficiently.

Q3. What are some of the benefits of getting a bad credit loan?

The main benefit of getting such a loan is that you can obtain the funds very quickly if you apply for one through some of the best services for bad credit loans with guaranteed approvals. Very often, emergencies can happen and quick funds are something that can help even when it comes to serious life situations.

Moreover, by getting such a loan, you can make payments on time, significantly improving your credit score. The money-lending platform on our list provides many useful features for customers, such as educational material, financial tools, and professional advisors that can also assist you in maintaining a better credit score.

Q4. How do the lenders determine the interest rates?

As mentioned, the interest rates usually depend on the lender and their terms and conditions. With that being said, the rate is proportional to the risk that is involved. In other words, lenders often calculate the risk of you not succeeding in repaying your loan and determine the interest rates. With this in mind, lenders also see profitability from the loans they provide, as they calculate not only the risk but their service as well.

Q5. What are the criteria for applying to get a bad credit loan with guaranteed approvals?

As we can see from the article, each of the platforms has its own requirements that you need to meet to be successfully matched with a suitable lender. Although the lender provides loans for people even with bad credit scores, there are some things they take into consideration before deciding if they would like to give you a loan, such as credit score, debt to income ratio, and expenses.

Generally, as a borrower, you need to be a resident of the U.S., be at least 18 years old, have an active bank account in your name, and have a steady monthly income. If a person has filed for bankruptcy, the chances of receiving a loan are minimal. When you apply on the platforms, you will also need to provide personal information, proof of identity, and banking information.

Q6. Can I improve my chances of getting a loan with a bad credit score?

The money-lending services that we reviewed are not direct lenders, but they match the borrowers with potential lenders that review their financial situation and often give loans to people with bad credit scores. Nevertheless, there are some steps you can take to improve your chances of getting a loan if it is currently a loan. A great step to do is to prepare all of the documents along with proof of your identity and income so that the lenders can see that you are prepared and serious.

In addition, if your score is extremely low, you can consider getting a co-signer that has a better score. That way, the lender will view his score and give you an even better term. However, you need to make sure that you pay on time to avoid involving your co-signer in financial issues. These services offer small loans as well as loans up to $35,000, so only apply for the amount that you need according to your income.

Q7. How to recognize an unreliable lender?

Such services take safety measures and implement strict guidelines that their lenders need to follow to be able to cooperate. Suppose you are still not sure whether the lender is a good choice to work with. First, you need to do research on the lender and see whether he is registered in your state. It is suggested to avoid lenders that implement poor advertising methods and which ask you to take action immediately before considering any terms.

Additionally, if a lender asks you to pay upfront, it is not a good sign as they should present you the terms, conditions, rates, and payment schedules before you agree to proceed. When you are redirected to their page, take notice of their website and whether it is secure and also look for a physical address that they usually have even though the loan process is online.


Although the chances of receiving a loan are lower, there are still chances that you might get one. We hope that this article will help you get more familiar with the money-lending platforms that specialize in providing bad credit loans with guaranteed approvals. All of our picks are reliable and highly rated by borrowers across the U.S., and they provide the best conditions and features that you can find from such services. If you are in need of a loan, no matter what your reasons are, check the platform on our list and become financially stress-free.

Comments are closed.