Bad Credit Loans with Guaranteed Approval: Compare Top Lenders of 2021


Emergencies can strike at any time. Whether you are falling short on your bills, have a loss in your business, or a medical issue that the insurance will not cover, you never know when you will need extra cash.

Now, not everyone can set the recommended three to six months’ salary aside for emergencies, nor do they have the perfect credit score; so, the only option available is to get a loan. This will surely keep you afloat and give you enough time to get back on your feet.

But, what if you have a bad credit score? Not many people will guarantee you a loan if you go in with a bad credit score, and banks generally do not offer loans to people with such reports. Even if one does, the interest rates are significantly high, making it extremely difficult to repay.

One solution to this problem is to get a bad credit personal loan. You might be wondering who would ignore your credit report and lend you the money. Well, with changing times, several online platforms provide bad credit loans with guaranteed approval. They not only drag you out of your financial struggles but also help you improve your credit score.

How Do Bad Credit Loans Work?

Bad credit loans work the same way as personal bank loans. You have to repay the money with some interest on top, all within a specified period. The only difference is the relaxation that comes regarding your credit score and the convenience of online applications. Online platforms have made the application process as easy as filling out a form. Such companies have a lender network that reviews your application, and it does not take long until you get an offer. Then, all that remains is settling on the terms and getting the money.

While this process seems swift and straightforward, there are many factors involved in choosing the right company. For starters, you want to work with a network that has a favorable reputation. There are still many predatory lenders that can trap you with exorbitant interest rates and other charges. So, dodging them while taking care of the loan terms, approval time, and the overall experience demands some groundwork.

So, we took it upon ourselves to scour the internet and find the top five credit companies that offer bad credit loans with guaranteed approval. These companies are our top picks if you are looking to get out of some financial emergency on top of having bad credit. So, keep reading to learn more.

Top 5 Online Credit Companies That Provide Bad Credit Loans with Guaranteed Approval

  1. MoneyMutual – Editor’s Choice
  2. BadCreditLoans – Best Personal Loans for Bad Credit
  3. CashUSA – Easy and Fast Personal Loans for Bad Creditors
  4. Personal Loans – Provides Large Loan Amounts
  5. Credit Loan – Guaranteed Personal Loans for Bad Credit

#1. MoneyMutual – Editor’s Choice

MoneyMutual has a way of helping its users in times of need, as it has a promising track record of accommodating good and bad creditors, making it accessible to everyone. Its ‘No Credit Check’ policy and minimal requirements make it a hub for users who want to secure a quick loan.

Whether you want a $250 loan or a $2,500 one, MoneyMutual will back you up. Having served almost two million users, they have managed to build a name recognized by all. Since 2010, they have linked borrowers to a vast network of lenders while promising negotiable loan terms.

MoneyMutual has a few basic requirements that are needed to score a loan. The user must be 18 years or older and have a steady monthly income of $800. Apart from this, the user should also have an active bank account.

Once you have ensured you fulfill their requirements, the rest of the process is very simple. You simply need to fill out an application form that takes your information and preferences.

Then, you need to specify the type of loan you want to acquire, so MoneyMutual can connect you to suitable lenders.

Since there are over 60 lenders available, MoneyMutual has something for every borrower. So, you can compare the loan offers side by side and choose the one that suits you the most. You can also negotiate with the lender, and the company will not interfere.

In addition, once you agree to the terms, the funds are transferred to your account within 24 hours. This not only makes them the best when it comes to scoring quick cash, but this also makes them reliable for future use.


Loan Amount: MoneyMutual can provide a loan of up to $5,000 on easy and negotiable terms.

Quick and Guaranteed Approval: If you fulfill their terms and fill out the application correctly, MoneyMutual can provide you with the funds on the same day.

Easy Application: The application process takes about five minutes, and their website is easy to navigate and very user-friendly.

Educational Resources: MoneyMutual provides a valuable section of educational resources that helps you decide the type of loan you want and educates you about the loan terms.


  • No setup fees
  • Guaranteed and quick approval
  • Loans of up to $5,000
  • Fast fund transfer
  • Secure site that protects its users’ personal information


  • A minimum of $800 monthly income is required

Customer Experience

MoneyMutual has received praise for over a decade for its quick and reliable service. They are known for their no credit checks that have helped over two million people get out of money problems. The company also offers exceptional customer service and is always available to help.

After going over their past clients’ feedback, it is safe to say this company is one of the most trusted and credible lending platforms out there. They also help to improve your credit score by regularly reporting your payments to the credit bureau.

With its hassle-free application, excellent customer service, and vast lender network, MoneyMutual has gained the trust of many, making it the perfect place to go in times of financial need.

=> Click here to get more information on MoneyMutual

#2. BadCreditLoans – Best Personal Loans for Bad Credit

Bad Credit Loans with Guaranteed Approval

Next on our list is BadCreditLoans. If you are looking to get a quick loan but are worried about your bad credit, this is the marketplace for you. BadCreditLoans’ no income threshold and bad credit loan policies make them solace for thousands.

They offer a vast lender network that not only presents a wide range of loan offers but also ensures there is something for everyone.

BadCreditLoans can provide a loan of up to $10,000. So, whether you are looking to pay off your educational bills, rent, or car payments, BadCreditLoans is the way to go. They have fast and guaranteed approval and an easy application process that makes them all the more convenient.

The basic requirements for applying for a loan at BadCreditLoans are to be at least 18 years old and have a consistent salary and a U.S. citizenship. They accommodate all kinds of creditors, making them an excellent place to turn to in emergencies.

Apart from this, their application process hardly takes five minutes to complete. All you have to do is fill out a form on their website, and the company will link you to a suitable lender.

BadCreditLoans has a way of rescuing its users from their financial problems, as they have minimal requirements and transfer your funds as soon as the loan is approved. The approval itself does not take much time either.

They also provide a valuable section of educational resources to help their users make the right choice. The resources are completely free and have previously helped thousands by educating them about the various loan types and terms

So, whether you are in a hurry or just have bad credit, BadCreditLoans is a credible place that caters to you anytime.


Interest Rates: BadCreditLoans offers loans with interest rates ranging from 5.99% to 35.99%. The lender sets the final rate, but it is very well within this range.

Loan Terms: The loan terms depend on the lender but are typically between 3 to 60 months.

Protection of Privacy: BadCreditLoans has excellent privacy protection that makes them credible and trustworthy. They protect their users’ personal information with various encryption software.

Free Service: Another great thing about BadCreditLoans is that they do not charge their users any setup fees, and they provide top-notch services at no cost. This draws a line between predatory companies that are making similar claims but charging a hefty fee upfront.


  • Low-level requirements to get started
  • No setup fees
  • Accommodates bad credit holders
  • Secures the privacy of customers
  • Fast fund transfer


  • Requires a little more information on their application than other companies

Customer Experience

BadCreditLoans is a marketplace praised by thousands, as they offer fast, easy, and quick loans without charging a penny. Their past clients have also appreciated their customer service.

In addition, they are available 24/7, which adds to their exceptional customer service. On top of the no-credit-check policy, all of this makes them a fan favorite, as evident from the reviews and feedback.

=> Click here to get more information on BadCreditLoans

#3. CashUSA – Easy and Fast Personal Loans for Bad Creditors

Bad Credit Loans with Guaranteed Approval

Finding a credit company you can trust in times of dire need can be challenging. While many are in the market to rip you off for your hard-earned money, CashUSA has pledged to help its users no matter what.

Whether you are stuck with debt, falling short on your bills, or cannot afford your car payment, CashUSA is always happy to lend a helping hand.

CashUSA has established itself as one of the most reliable companies in the field, and they have a vast lender network of both state-licensed and tribal lenders. This gives you a plethora of loan options and terms from which to choose.

They lend up to $10,000 with interest rates that vary between 5.99% and 35.99%. However, in the end, the loan terms and the interest rate depend on the lender.

Talking about their requirements, users must be 18 years or older and earn at least $1,000 a month. Apart from this, the applicant should be a U.S. citizen and have an active bank account. The rest of the loan process involves filling out an application form that hardly takes five minutes.

After reviewing your application, CashUSA will connect you to a suitable lender, and they will then make you an offer. If both parties agree to the terms, the loan will be approved, and the funds will be instantly transferred to your bank account.

CashUSA offers easy and quick loans even if you have a bad credit report, and their loans are almost 100% guaranteed if you fulfill their requirements.

Moreover, the purpose of the loan and the credit score do not factor in during the approval process, which makes them an ideal place to go for multipurpose loans.


Loan Terms: CashUSA offers a loan that can be repaid within a period of three months to six years.

Loan Amount: You can easily get a loan up to $10,000 from CashUSA, and their interest rates vary from lender to lender but are between 5.99% and 35.99%.

No Credit Check: CashUSA does not lend money based on your credit report. They require a steady income of $1,000 a month, which is enough to grant you the personal loan.

Free Service: CashUSA does not charge any setup fees or a flat fee for their services; so, their site is completely free to use.

Educational Resources: There is an entire section of valuable study resources on their website. It is free to use and has educated users about different loans and loan terms and agreements.


  • Free service
  • Offers loans ranging from $500 to $10,000
  • Convenient and easy application process
  • Various types of loans and lenders
  • Fast fund transfer
  • Flexible loan terms


  • Monthly income of $1,000 is required to get a personal loan

Customer Experience

CashUSA has proven itself as one of the most credible online credit companies out there. It has dragged thousands of customers from their financial problems by loaning them funds on easy and flexible terms.

The past clients’ reviews and feedback reflect their excellent customer support. Overall, CashUSA has catered to its users with fast fund transfers, flexible terms, guaranteed loans even for bad credit, and, of course, a convenient application process.

=> Click here to get more information on CashUSA

#4. Personal Loans – Provides Large Loan Amounts

Bad Credit Loans with Guaranteed Approval

Personal Loans is another excellent credit company that links its users with thousands of credible lenders to help them recover from financial setbacks. They provide easy, fast, and multi-purpose loans ranging from $500 to $35,000 with varying interest rates.

So, whether you need money to repair your car or pay a hefty hospital bill, Personal Loans has your back.

The requirements for acquiring a loan from Personal Loans are pretty simple. For starters, you need to have a steady job, be 18 years or older, and have U.S. citizenship. To them, it does not matter whether you are self-employed or working for a company, as there is no restriction on the nature of employment.

When it comes to credit checks, they offer their service to anyone having a credit score of at least 580. So, if you do not carry a ton of financial damage with you, Personal Loans will provide you the funds you asked for.

In terms of the application process, they offer a very convenient and swift service. Their website is easy to navigate and entirely encrypted, which ensures a safe and secure process.

Once you have filled out the application form, the people at Personal Loans will link you to a lender willing to make you an offer. If the offer appeals to you and both parties land on common ground, they will transfer the funds as quickly as possible.

Another great thing Personal Loans does is connect you to trustworthy external sources if you cannot find a lender from their network. They guarantee the safety of your privacy and will help you get what you need, no matter what.

So, if you are ever trapped in a financial emergency, Personal Loans is definitely the place to go.


OLA Member: Personal Loans is a member of OLA (Online Lenders Alliance), which means they abide by all fair and honest consumer practices. This draws a line between them and predatory lenders out there making the same claims as them.

Fast Fund Transfer: Personal Loans offers different types of multi-purpose loans, and they have fast wire transfers that transfer the funds directly into your account once approved.

Interest Rates: The interest rate varies from 5.99% to 35.99%, depending on the lender.

Loan Term: The repayment period at Personal Loans is between 3 to 72 months, which offers some relaxation to borrowers looking for a slightly more extended period to pay back.


  • Offers loans ranging from $500 to $35,000
  • Large lender network
  • Fast fund transfer
  • Quick loan approvals
  • Excellent customer service
  • Various types of loans offered


  • Offers large loans that may take longer to pay off
  • 580 is the minimum credit score requirement

Customer Experience

Personal Loans has been around for almost two decades, and since then, they have managed to gain the trust of thousands of people. They provide excellent customer service and are available to help 24/7. They also do a great job in guiding people regarding the type of loan and the agreement terms.

If this was not enough, they also have an extensive FAQ section on their website to help people make the right decision. Judging from the feedback they have received over the past two decades, Personal Loans is a highly credible source to overcome any financial troubles.

=> Click here to get more information on Personal Loans

#5. Credit Loan – Guaranteed Personal Loans for Bad Credit

Bad Credit Loans with Guaranteed Approval

Credit Loan has served more than 750,000 users by providing them with loans just when they needed them the most for over two decades. Available 24/7, they make it easy to acquire a loan from them. Their application process is very straightforward and does not require much information.

All you have to do is fill out an application form and wait for a lender to make you an offer. Once you have an offer, you can then review it and decide whether it suits you or not. The rest is taken care of by the people at Credit Loan, and you will get your funds in no time.

Credit Loan also welcomes bad creditors and does whatever they can to help them get out of distress. If you are looking for a small loan with bad credit, this company is the one for you.

They offer up to $5,000 for bad creditors on easy and flexible terms. Not only that, but they also help you bring your credit score up by regularly reporting to credit bureaus.

When it comes to privacy protection, Credit Loan has it all figured out. They have encryption software and several checks that ensure a safe and secure application. Credit Loan is also verified by TRUSTe and has several other certifications, like McAfee SECURE.

So, when you are filling out your application form, you know you are in safe hands.


Interest Rate: The interest on their loans varies from 5.99% to 35.99%, and the lender decides the final rate along with the rest of the repayment terms.

No Setup Fee: Credit Loan does not charge anything to its users. Instead, its services are 100% free to use.

Loan Limits: If you have a decent credit score, you can get up to $40,000, but bad creditors can only get up to $5,000.


  • No setup fees
  • Fast and quick service
  • Up to $40,000 loans offered
  • Grants complete privacy protection
  • Quick and fast approvals and fund transfers


  • Bad creditors can only get up to $5,000

Customer Experience

People have been vowing for Credit Loan since 1998. They are available 24/7, which makes them the best place to go in times of emergency. They have helped thousands get their credit score up and have dragged them out of worrisome money problems. The positive feedback has proved Credit Loan to be a highly credible source and a reputable credit company providing convenience and accessibility.

=> Click here to get more information on Credit Loan

How We Made Our List

When it comes to online lenders, there is always a risk you could fall into a financial trap — be it predatory lenders, scam companies, or simply bad terms. We understand it is already difficult to trust a lender or a company in emergencies, but finding one from scratch is an even greater problem. So, we took it upon ourselves to help you out. In this article, you will find a list of credible companies you can trust to relieve some financial distress.

We started our search by sticking to the criteria of fast and guaranteed approval. This included flexible eligibility standards, as well as a low-key credit check from the company. Once we had a list of companies known for their guaranteed approval, it was important to evaluate their credibility.

We went over thousands of customer reviews and feedback to ensure the company cares for its users. The company’s customer service was also considered, and any company that did not accomplish a certain level was instantly discarded.

Lastly, it was crucial the company also helped you get your credit score up. Online credit companies do so by reporting your payments and credit history to the respective credit bureaus. Therefore, we then further shortlisted the companies to keep the ones who help you improve your credit score.

What We Looked For

The list we rounded up includes companies that guarantee fast and quick loan approval, even if you have bad credit. These companies act as a gateway between lenders and borrowers. So, although they are acting as a middleman, some responsibilities fall on them to facilitate their users. The following are some important factors we stuck to while making this list.

  • Does the company provide a guarantee on loan approval?
  • How fast is the company’s approval process?
  • What are the interest rates their lenders are offering?
  • Is the company open to negotiating for its users?
  • What is the eligibility criteria it has set for its users? Are they manageable?
  • Is the application process easy and convenient?
  • What do past customer reviews, experiences, and feedback reveal about the company?
  • Does the company have reputable lenders?
  • What are the loan terms, and are the repayment terms flexible?
  • Does the company accommodate bad creditors?
  • How is the company’s overall customer service and customer support?
  • Does the company help improve borrowers’ credit scores?
  • How vast is the company’s lender network?

What to Look for When Getting a Bad Credit Loan

Sometimes turning to an online credit company is the only option, especially if you have a bad credit report. They might seem like a risk, but in reality, they can be highly convenient if chosen correctly.

Here are a few factors you should always keep in mind when choosing an online credit company. We have also added some important tips you should also consider before taking a bad credit loan.

The company you are going to work with must be reputable, and a great way to judge this is to check out their past clients’ feedback. This way, you can quickly get a clear idea of what the company is offering, their loan terms, types of loans, service quality, and customer support.

Many companies act as a bridge between the lender and the borrower, so it is equally important to find credible lenders within the company. While you are reviewing the company, you might as well take a look at the reviews left for the lenders. This way, you can easily dodge any predatory lenders.

Before you sign anything, it is crucial to agree to the terms you can afford. If you are already coming with a bad credit score, the inability to repay or any missed payment can severely damage your score even further.

So, you should only agree to terms you know you can manage. This includes the loan period, interest rate, and any setup fees. Before going in, you should always plan a budget and only agree to what falls under it.

With online loans, you get the added advantage of comparing different offers and loan terms side by side. Before signing up for anything, make sure the interest rate is fair and no hidden charges come with the loan.

Several factors determine the interest rate, so it is always wise to go in with some groundwork to ensure the lender is not charging you extra money. The way to do this is by taking several offers side by side and then shortlisting the one with the fairest rate.

  • Guidance and Consultation

Doing proper research on the types of loans and the loan terms is crucial. If you do not have any prior knowledge, the company can trap you with a bunch of unnecessary charges and bad loan terms.

Many companies offer free consultation and resources; so, make sure you avail of them, and do not shy away from asking the company’s representatives if you are stuck somewhere.

The company should always provide you with a contract stating the repayment terms, loan details, and legal obligations.

Make sure you read the terms carefully and even the fine print so you do not sign anything that might trap you otherwise.

A loan can only be guaranteed to you if you fulfill a company’s requirements. So, from your end, you should always read their eligibility criteria before applying.

Some companies have minimum requirements when it comes to salary and credit score, so you should always keep their requirements in mind before you apply.

FAQs: Bad Credit Loans

Q. How Is Your Credit Score Calculated?

FICO credit score is a number ranging between 300 and 850, and it plays a crucial part in determining your reliability as a borrower. This score depends on several factors, which are listed below.

Payment History – 35%: This indicates how punctual you have been with your payments. Payment history accounts for 35% of your credit score and is directly affected if you fail to repay any installment or delay any payment.

Amount Owed – 30%: 30% of the score depends on the amount you owe. When you take a loan, your score temporarily goes down; but if you manage to repay it on time, the same score can actually go up. Here, maxed-out cards and hefty loans severely damage your score.

Length of Credit History – 15%: This determines your history of making timely payments. The lender can look at it and know how punctual you have been with your payments in the past. So, keeping accounts with a history of timely payments is a key factor that adds to this evaluation section.

Credit Mix – 10%: This determines the types of accounts you have, be it retail accounts, installments, credit cards, or mortgage loans. Having more accounts will help get your score up, but having a few will not do much harm either.

New Credit – 10%: Any new credit activity makes up the ‘new credit.’ After getting a personal loan, your credit score may temporarily drop but will go up if you make timely payments. Judging by this, taking hefty personal loans and credit cards can actually lower your score and will severely damage it if you fail to repay.

Q. What Is Considered a Poor Credit Score?

Credit score ranges from 300 to 850. The rating of the score is as follows:

  • 300 – 570: Poor
  • 580 – 669: Fair
  • 670 – 739: Good
  • 740 – 799: Very Good
  • 800 – 850: Excellent

Q. How Can I Guarantee a Loan with a Bad Credit Score?

While it is true the first thing lenders look at is your credit reports, many lenders will also count in other factors, such as your income and your job history. Here, online lenders and credit companies come in that offer personal loans specifically designed for bad creditors. So, if you satisfy their eligibility criteria, getting a loan from these lenders is very likely. They usually have a slightly higher interest rate, but all in all, they will get you out of your money shortage.

Q. How Big of a Loan Can One Get with a Poor Credit Score?

Some companies can lend up to $25,000 to bad creditors, while some stick to the $5,000 to $10,000 limit. Lenders also play an essential role in deciding. Some have a no-credit-check policy and look at other factors, such as your job and income, while others demand a specific score, not necessarily high. So, in the end, it all comes down to the lender and the company policy.

Q. Are Online Credit Companies Trustworthy?

Online credit companies have been around for quite some time now, and some have made their mark when it comes to providing quality service and convenience. While many operate in good faith, some are still waiting to trap you in hefty charges and bad terms. So, to answer the question, there are numerous credible sources you can trust. And, if you stay vigilant, there is no better option than an online company for bad credit loans when it comes to convenience and accessibility.

Q. How to Improve Your Credit Score?

There are several ways you can improve your credit score, including:

  • Signing up with a credit repair company
  • Consolidating your debts
  • Paying your bills
  • Being punctual with your installments
  • Not getting personal loans you do not absolutely need
  • Keeping track of your spending
  • Reviewing your credit report and planning your payments wisely
  • Not applying for new credit cards you do not need

Q. Is It Costly to Obtain a Bad Credit Loan?

When you have bad credit, the lender is essentially taking a risk by lending to you. So, they will either lend you the money in the form of a secured loan with some sort of collateral or an unsecured loan with slightly higher interest rates.

Q. What Are the Different Types of Loans That Do Not Require a Credit Check?

With online loans, there are many options where you can dodge the credit check. The lender will consider other factors, like your income and employment, and charge you with a slightly elevated interest rate.

If we talk about the types of loans, a few options do not require a credit check at all.

Payday loans come with a high-interest rate, and the lender determines it based on your income. Since they depend on how much you earn, a portion of your next paycheck goes to the lender as a repayment. So, to put it simply, a payday loan is a short-term loan, usually no more than $500, that is due on your next paycheck.

With bad credit, the lender might need some kind of assurance you would pay off the loan. Secured loans require some sort of collateral, be it a car or property the lender will impound if you fail to pay off the loan. These types of loans carry significant risk, as you can end up losing valuable assets if you fail to repay. These loans can be of two kinds:

  • Pawn Shop Loans: A pawn shop loan is another type of secured loan where you can get a loan by mortgaging property.
  • Auto Title Loan: Auto title loan takes your car as collateral. So, if you fail to repay the loan, the lender will take your car.

Conclusion: Best Choice for a Bad Credit Loan

We are not always prepared to welcome unexpected situations. Sometimes, these situations can not only shake your life but your bank account as well. To deal with such problems, online credit companies offer a great way out.

If you are trapped in some sort of financial difficulty, many sources offer guaranteed and quick loans. If you choose the right company, they can be a great way to recover from these setbacks, all with just a few clicks.

In this article, we presented our top five picks for bad credit loans with guaranteed approval. These companies are five of the most credible sources out there, and we have listed their pros and cons along with the main features they bring along.

However, our top choice would be MoneyMutual, as they ensure safe bad credit loans with fast approvals. They offer free but equally exceptional service and will even help you get your credit score up.

So, to wrap up, getting a personal loan with bad credit is not as difficult as it seems. If you meet the company’s requirements and understand their terms, you can quickly get what you require.

The key is to choose the right company, and we hope this article has helped make the decision easier for you.

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