Bad Credit Loans personal loans review

Bad Credit Loans has been helping borrowers with bad credit ever since 1998, and boasts being the “go-to” place for bad credit loans. It is free to request a loan from the website, and if you are approved but decide not to go through with a loan, there are no penalties. If you are approved and accept the loan, Bad Credit Loans is happy to discuss the terms in as much detail as you are comfortable with, before you even sign.

Product NameBad Credit Loans Personal Loans
Min Loan Amount$500
Max. Loan Amount$5,000
Min APR From 5.99%
RequirementsDepending on lender requirements, people from all 50 states may not be eligible for a personal loan.
Application Fee$0


  • Apply at no cost and with no obligation.
  • Claims to practice responsible lending.
  • Private and secure.


  • Loans come with high interest rates.

How does a personal loan from Bad Credit Loans work?

If you have poor credit, and are in an emergency financial situation, Bad Credit Loans can help you secure a personal loan quickly. Instead of lending you the money directly, Bad Credit Loans finds offers from a lender, or lenders, that match your needs.

You can request a loan on your own time, day or night. The company welcomes people with all credit scores, and will help you secure a loan, regardless of your credit rating. You can review the personal loan offer presented without any fees or obligations.

Applying for a loan is quick and easy. All you have to do is fill out the online loan request to get a personal loan offer within minutes from the company’s network of lenders. The approved loan can be deposited into your checking account electronically, within one business day. You don’t have to worry about collateral when submitting a loan request.

Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.

Benefits of personal loans from Bad Credit Loans

  • No approval fee. Bad Credit Loans does not charge a fee to approve your application. Filling out, and submitting the application are free. The lender you work with may charge fees, so always go over the terms of the loan before signing.
  • Fast approval. After you apply, you can receive approval for a personal loan almost immediately.
  • Secure. The company uses data encryption technology to make sure your information is protected.
  • Quick deposit. Your approved loan can be deposited into your account in as quick as one business day.

Bad Credit Loans features to consider

  • Personal loans. You can request a personal loan from $500 to $5,000. Terms range from three to 60 months.
  • Not a direct lender. Bad Credit Loans is not a direct lender, and instead connects customers up with reputable lenders within its network.
  • Simple qualifications. Bad Credit Loans keeps its qualifications low, so that even applicants who wouldn’t be approved elsewhere can get a personal loan.
  • APR. A personal loan from Bad Credit Loans’ lenders typically has an APR from 5.99%. Each lender in the network differs in rates, and will determine the interest rate on your loan based on different factors. You can choose the interest rate and repayment plan that best meets your needs.
  • E-consent. The company lets you provide E-consent for electronic signatures, records and disclosures.
  • Website. The website is open and accessible 24/7.

Is legit or a scam?

How to apply for a Bad Credit Loans personal loan

Applying for a personal loan is easy, and requires applicants to meet the following eligibility requirements:

  • Be an American citizen, or a permanent resident of the US.
  • Be at least 18 years of age.
  • Have a source of regular income.
  • Have a checking account in your name.

The application is online, and requires the following information and documentation:

  • Full name, contact information, date of birth and Social Security number.
  • Credit type, reason for the loan and loan amount.
  • Information from a photo ID such as a driver’s license or passport.
  • Bank account information.
  • Employment and annual income information.

If you have bad credit but need funding fast, Bad Credit Loans’ personal loan could be just the solution you are looking for. Before choosing Bad Credit Loans, be sure to compare it with personal loan companies.
Have bad credit? Find a loan that works with your credit score

Frequently asked questions about Bad Credit Loans personal loans

No. All loans provided by Bad Credit Loans are unsecured, which means you don’t have to offer an asset as security.

Repayment terms will differ depending on the lender you’re matched with. Make sure to read the loan agreement in its entirety before you sign anything. Remember that a loan offer is not an obligation, and you don’t have to accept it.

Most likely you’ll send in your verification documents online, through the lender you’re matched with’s secure website.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy.

4 Responses to Bad Credit Loans personal loans review

  1. Default Gravatar
    Rokefox | February 22, 2017

    I have a credit score between 450 – 500. Receiving social security on a permanent basis as well as supplementing with part time employment.

    Can I and will I be accepted for bad credit loan of $3800 for consolidation and rent?

    • Staff
      Anndy | June 17, 2017

      Hi Rokefox,

      Thanks for your question.

      Yes, Bad Credit Loans may consider your application even if you have bad credit. Kindly note that other eligibility criteria apply.

      You may also compare other bad credit loans on this page.


  2. Default Gravatar
    David | February 11, 2017

    is there a loan out there for a person with income of 12,400 year i get benfits but credit score is real good

    • Staff
      Anndy | June 17, 2017

      Hi David,

      Thanks for your question.

      If you are receiving benefits, you may compare your loan options on this page.

      Kindly review the eligibility criteria and the relevant terms and conditions of the loan before submitting your application.