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.

Min Loan Amount$500
Max. Loan Amount$5,000
Loan Term3 to 60 months
Turnaround TimeVaries based on lender
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.
  • Be at least 18 years old.
  • Provide proof of citizenship, such as a Social Security number, or legal residency.
  • Have a regular income, either from full-time employment, self-employment, or disability or Social Security benefits.
  • Have a checking account in your name.
  • Provide work and home telephone numbers.
  • Provide a valid email address.

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.

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10 Responses

  1. Default Gravatar
    ChadSeptember 1, 2017

    I am looking for a 5000 dollar loan need help

    • Staff
      AshSeptember 1, 2017Staff

      Hi Chad,

      Thank you for reaching out to us.

      Kindly visit this page for the list of Lenders that offers loans from $5000 to $20000 even if you have bad credit rating. Kindly review first the Lender’s eligibility requirements and the loan details before submitting your application. You can click on the green ‘Go to site’ to be redirected to the Lender’s website.

      I hope this information helps.

      Let us know if there is anything else that we may assist you with.


  2. Default Gravatar
    CtJuly 19, 2017

    What score average to get approved for 5000 loan..don’t wanna apply and get credit to drop even more if not a chance to get approved least 75 percent …my scores are Equifax 680 expedia 614 and trans u 582

    • Staff
      AshJuly 20, 2017Staff

      Hello CT,

      Thank you for reaching out to us.

      Generally, a good credit score would be between 680-719 – Although your score would be below that range, you can still apply for a loan. You may want to discuss your loan options and eligibility to any of the lenders listed on this page –

      If you’d like to avoid enquiries on your file, best that you contact the lender first before sending your final application. Please note that the eligibility requirements would vary from lender to lender so please make sure to review the criteria. The amount you can borrow would also depend on their assessment of your financial situation.

      In case you’re interested in applying with Bad Credit Loans, please review the eligibility criteria and click on the ‘Go to site’ button above to be redirected to their site. Their phone number is also listed on their website.

      I hope this information helps.

      Let us know if there is anything else that we may assist you with.


  3. Default Gravatar
    AsilentvoiceMarch 17, 2017

    What happens if you do not have a checking/savings account and will open one with the loan money? Paying by money order for now is how I am dealing with things. I have to open a new account as I closed my old one. Please advise.
    Thank you

    • Staff
      HaroldJuly 16, 2017Staff

      Hi Asilentvoice,

      Thank you for your inquiry.

      Payday lenders are typically more concerned with your ability to repay the loan than other factors like whether or not you have a bank account. If you can provide proof of income that supports that ability, they’re less likely to be concerned about your lack of a bank account. You may want to consider the lenders option here.

      I hope this information has helped.


  4. Default Gravatar
    RokefoxFebruary 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
      AnndyJune 17, 2017Staff

      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.


  5. Default Gravatar
    DavidFebruary 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
      AnndyJune 17, 2017Staff

      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.