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Get a loan after bankruptcy

These seven providers offer financing even when you have bankruptcy on your credit report.

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Editor's choice: OppLoans Installment Loans

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  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms
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Bankruptcy can damage your personal credit score for as long as 10 years. While it’s possible to find a loan when you have bankruptcy on your credit report, you could be limited to lenders that can rates as over as 300% APR. Our team reviewed over 260 personal loan and payday lenders to help you find the right type of financing.

7 loans you can apply for after bankruptcy

These personal loan, installment loan and payday loan providers that might accept you even with borrowers Chapter 7 or Chapter 13 bankruptcies on your credit report.

ProviderType of loanLoan amountsRequirementsFinder rating
MonevoPersonal loan$500 to $100,000Credit score of 450+, legal US resident and ages 18+.★★★★★
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OpploansInstallment loan$500 to $5,000Direct deposit, meet minimum income requirements, live in eligible state★★★★★
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CashNetUSAPayday loanUp to $500Regular source of income, bank account, US citizen or permanent resident, age of majority in your state★★★★★
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Check CityPayday loanVariesYou must have a checking account, photo ID and steady income.★★★★★
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Cashadvance.comPayday loan$100 to $1,000Employed, $1,000+ monthly income after taxes, US citizen or permanent resident, ages 18+
Not yet rated
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OneMain FinancialPersonal loan$1,500 to $20,000Established credit history, US citizen or permanent resident, age of majority in your state★★★★★ Read more
Mariner FinancePersonal loan$1,000 to $25,000Valid bank account, established credit history, live in a state serviced by Mariner Finance, US citizen or permanent resident, ages 18+★★★★★ Read more

Can I get a loan while bankrupt?

Possibly. You’ll be more limited in terms of the lenders you have to choose from, but there are options available to you. The fees and interest rates may be considerably higher on a loan after bankruptcy, and you may be required to attach an asset as security or apply with a guarantor.

Compare short-term loans you can apply for online

Be sure to visit the lender’s website or call its customer service line to confirm the eligibility criteria before applying to make sure they accept applicants in bankruptcy or with bankruptcy on their credit reports.

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
$500 to $5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Find A Loan
Not stated
At least 18 years old, $800+ month income, employed, checking account, US citizen
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Check Into Cash Payday Loan
$50 to $1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.

Compare up to 4 providers

Can I get a loan if I have a bankruptcy on my credit report?

Having a bankruptcy on your credit report may look bad to most traditional lenders, but lenders offering short-term loans tend to be more lenient in their eligibility criteria. You may want to consider applying for a bad credit loan to increase your chances of approval.

Check out the lenders in our comparison table below to see the requirements.

Where can I get a loan after bankruptcy?

You can get a personal loan after bankruptcy with an online lender, credit union or community development financial institution (CDFI). Banks usually consider people with past bankruptcies to be too risky to offer loans. But some credit unions and CDFIs offer payday loan alternatives to all credit types, usually with lower rates than payday lenders.

Some online personal loan providers that specialize in bad credit also accept bankrupt applicants, as do payday lenders. But not all do. Double-check to make sure you qualify before submitting your personal information.

Before you apply for a loan while bankrupt …

  • As your assets and income may have been affected by bankruptcy, deciding whether or not you can afford the repayments is an important consideration. What will your repayments be and how will they work with your budget?
  • Applying for a loan when you’re in any challenging financial situation isn’t a decision that should be taken lightly. This is especially true when you’re bankrupt. Consider why you’re taking out the loan and if there are any other way you can pay for what you need.

What kind of bankrupt loans are available?

If you’re in need of financing and you’re currently bankrupt or have a bankruptcy listed on your credit report, the following loan options might be an available to you.

  • Payday loan. These are short-term loans up to $2,000 with repayment terms between two weeks and one year. Lenders have flexible lending criteria, and while they won’t all consider bankrupt applicants, some will.
  • Bad credit personal loan. Bad credit personal loans are available from certain lenders, some for large amounts up to $10,000.
  • Auto title loan. Secured loans can be easier to get approved for than unsecured loans, as they’re less of a risk to a lender. You can consider an auto title loan and attach your vehicle to the loan as security.
  • Personal overdraft. Your current bank may be willing to approve you for a small overdraft if you have a good history with the bank. This allows you to withdraw cash above your available balance.

Find out if short-term loans cause bankruptcy and how to avoid defaulting

How can I be approved for a bankrupt loan?

While there are lenders who will consider applicants who are in bankruptcy or who have previously been bankrupt, filling out the application isn’t all it takes to be approved.

Here are some of the criteria that’ll likely be in place when you’re considered for a bankrupt loan:

  • Ability to manage your repayments. This is the main requirement lenders have when considering you for a loan. Does your income allow you to easily manage your repayments after taking into account your liabilities and debts? If your repayments will be manageable and you meet the lender’s other criteria, you’ll be able to apply.
  • Employment. You may be required to be employed, although there are some unemployed loans available. Different lenders have different restrictions. Some might not consider you if you’re self-employed or work part time. Check with the lender before applying.
  • Welfare. While you may still be considered for a loan if you receive welfare payments, lenders often have restrictions as to what percentage of your income can be made up of benefits — usually 50% if the restriction is in place. Usually, your loan repayments can’t exceed a certain percentage of your welfare income.
  • Income. How much do you earn? Lenders often have minimum income requirements in place. They may allow your income to be from employment and welfare or may need it to be solely from regular employment.
  • Assets. For loans after bankruptcy, the lender may require you to secure an asset to the loan as a guarantee in case you default.
  • Guarantor. If you don’t meet the lender’s criteria, you may be able to apply with a guarantor to increase your chances of being approved.

How does bankruptcy affect my credit and loan eligibility?

Are you currently in bankruptcy or have a bankruptcy on your credit report? Understanding the effects it has on your credit and your loan eligibility is important.

  • Your credit report. Chapter 7 bankruptcies remain on your credit report for up to 10 years. Other types remain on your credit report for up to seven years.
  • Your credit score before bankruptcy. If you had poor or bad credit before you declared bankruptcy, then your credit won’t take a huge hit. This means lenders will take into account your history before and after bankruptcy and make a decision based off all the facts.
  • Loan eligibility. Lenders may view your application as risky since you’ve demonstrated your inability to pay back your debts in the past. Once you find a lender willing to provide you with a loan, make sure you’re able to repay it in order to avoid falling into a debt spiral again.
  • Higher interest. Be aware that you can’t file for bankruptcy again for a few years. This means that predatory lenders — both for cash advances and credit cards — will offer you money at very high interest rates. If you can avoid taking out a loan, you should. Otherwise, you might find yourself stuck in another, often worse, debt spiral.
  • Building a positive payment history. If you do decide to get a loan, pay it off on time! This will help rebuild your credit after bankruptcy, and that means you’ll have access to better rates down the road.

Frequently asked questions

Answers to common questions about getting a loan after bankruptcy.

How long after Chapter 7 bankruptcy can I get a loan?

How long you have to wait after filing Chapter 7 bankruptcy depends on the lender. Generally, you have to wait until the bankruptcy proceedings are over to qualify with any lender.

After that, you can apply for a loan with a bad credit lender. However, most options are off the table for 10 years — the length of time a Chapter 7 bankruptcy stays on your credit report.

Do I have to disclose to lenders that I’m in bankruptcy?

If the lender’s application includes a question regarding bankruptcy, it can be considered fraud if you answer untruthfully. Besides, lenders can see if you have a bankruptcy on your credit report.

You can review different lenders’ eligibility criteria and call their customer service lines in order to find out which ones would consider bankrupt applicants before applying.

Are there loans that don’t require credit checks?

Yes. You can read about more about no credit check loans using our guide and see if it’s a good option for you.

Can I apply for a loan to travel or take a vacation?

Some loans have restrictions on what they can be used for, while others don’t. Most short-term loans don’t have these kind of restrictions. Though it’s important be sure that you’ll be able to make the necessary repayments before taking on more debt.

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22 Responses

    Default Gravatar
    EdSeptember 11, 2018

    My late wife and I filed chapter 7 in 2010. Can I still get a $3,000 personal loan to pay off 2 credit cards? My local RD Bank just rejected me because of the Chapter 7.

      Avatarfinder Customer Care
      JoshuaSeptember 12, 2018Staff

      Hi Ed,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Yes, you may still be able to apply for a personal loan even if you have filed bankruptcy. On this page, you’ll find a table above that lists your options. Please explore that table and once you find the right one for you, click on their name. Please do not forget to read the full T&Cs and PDS or details of the loan product before applying and making a financial decision. It would also be helpful to review the criteria, details of the loan product and contact the lender directly to discuss your loan options and eligibility.

      It is worth noting that bankruptcy stays on your credit file for 5 years from the date you officially became bankrupt or
      2 years from the date your bankruptcy was discharged – whichever is later. I highly recommend you learn more about bankruptcy, too.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    InaSeptember 9, 2018

    I filed for bankruptcy 18 months ago. Now hit with two months of 1200. Electric bill. I have two weeks to pay.
    Everything else is do now. We just need a couple of months to catch up. We both work and are worried if they turn off electricity. The deposit will be on top of it. We have 8 people in our home.
    Will anyone lend us money to catchup .

      Avatarfinder Customer Care
      JoshuaSeptember 10, 2018Staff

      Hi Ina,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      You may still be able to apply for a loan given with your situation. As long as you are able to meet the lender’s requirements and you prove to them that you are able to make repayments, then you should be able to get a loan.

      Be sure to explore your options by using our comparison table. You can compare them by max loan amount, turnaround time, and requirements. Once you’re done comparing, click on the “Go to site” green button of your desired lender to initiate your application or to learn more.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    TamrockJune 12, 2018

    I had chapter 13 bankruptcy in 2010. I would like to get a loan for $3000 paid off in 24mo. I am in need of transportation. My credit score is 705. Do I have a chance at a loan.

      Default Gravatar
      joelmarceloJune 13, 2018

      Hi Tamrock,

      Thanks for leaving a question on finder.

      You’ll be more limited in terms of the lenders you have to choose from, but there are options available to you. The fees and rates may be considerably higher on loan after bankruptcy, and you may be required to attach an asset as security or apply with a guarantor. You can compare from the lenders we have featured above. Once you have decided on the suited loan for your needs, you may click on the green ‘Go to site’ button to submit your application or know more about the loan offer.


    Default Gravatar
    ClintonFebruary 24, 2018

    I am in chapter 13 will I be able to get a loan?

      Avatarfinder Customer Care
      RenchMarch 13, 2018Staff

      Hi Clinton,

      Thank you for your inquiry.

      Yes, you can still apply for a loan while in bankruptcy. It will be difficult to get approved by a lender, but lenders offering short-term loans tend to be more lenient in their eligibility criteria.

      You may compare your options on this page for short-term loans. Before applying for any loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.

      Best regards,

    Default Gravatar
    TammyDecember 14, 2017

    Can I get a title loan after filing for chapter 7 in Arizona?

      Avatarfinder Customer Care
      HaroldDecember 14, 2017Staff

      Hi Tammy,

      Thank you for your inquiry.

      If you wish to apply for a loan specifically from the lenders in AZ you may want to consider the options here.

      I hope this information has helped.


    Default Gravatar
    TharyOctober 29, 2017

    Hi hi I filed for a chapter 7 bankruptcy back in April but I need a personal loan to pay off some remaining bills that I have.

      Avatarfinder Customer Care
      HaroldOctober 29, 2017Staff

      Hi Thary,

      Thank you for your inquiry.

      Generally, it’s possible to get title loans after filing for Chapter 7 bankruptcy however, it can be difficult getting one before your case is completed. Lenders will often want you to receive a discharge once the meeting with your creditors has taken place before they will consider providing you with a loan. Otherwise, you may not be eligible for a title loan.

      Before applying, it’s best to speak with your lender to find out if they can consider bankrupt applicants and check all the eligibility criteria. Remember to also review the Product Disclosure Statements/Terms and Conditions to see whether it is right for you.

      I hope this information has helped.


    Default Gravatar
    SteveOctober 11, 2017

    I just got out of chapter 7 bankruptcy in April.I am looking for a lender for a personal loan for home improvement.

      Avatarfinder Customer Care
      RenchOctober 11, 2017Staff

      Hi Steve,

      Thanks for reaching out to Finder.

      There table shows a list of lenders that accept loan application after bankruptcy including CashNetUSA, Check City and OppLoans. Use the “Go to site” button to apply or get quotes from these lenders.

      Generally, you can use your personal loan funds for variety of reasons including major improvement to your home however, there are also lenders that offer home improvement loans. They usually have a minimum credit score requirement though, so they may not be a suitable option for you.

      It’s still good to check all the loan options you have to see which one you will most likely qualify and be approved for. Make sure to check the loan terms and conditions to see if it’s right for you.

      I hope this helps.

      Best regards,

    Default Gravatar
    KeithOctober 2, 2017

    I am at the end of my bankruptcy and I need a balloon payment of 9000.00 to get discharged clean so everything i was trying to accomplish will be done, my mortgage payments went up slightly causing the need for this, can i get a loan to help end this so I can put this to and end and come out better than i was

      Default Gravatar
      DanielleOctober 2, 2017

      Hi Keith,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You are on the right page. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.

      I hope this helps.


    Default Gravatar
    AJSeptember 17, 2017

    Are there any banks that offer auto loans while in open bankruptcy?

      Default Gravatar
      DanielleSeptember 17, 2017

      Hi Aj,

      I’m sorry to hear about your bankruptcy situation.

      It depends, in part, on the type of bankruptcy for which you’re filing. Most lenders will check your credit score and report and seeing it under bankruptcy will still have a negative effect on your loan application. We suggest speaking with some lender and explain the situation before sending an application. They may consider you to be able to apply as long as you meet other lending criteria that they will require.

      There are bad credit car loans that will look beyond your current credit standing and consider your auto loan application. Before applying, make sure to check the eligibility criteria and read through their terms and conditions to see if it’s right for you.


    Default Gravatar
    MichelleAugust 16, 2017

    My car got repossessed and I’m trying to find a lender that is willing to refinance my car so I can get it back

      Avatarfinder Customer Care
      HaroldAugust 16, 2017Staff

      Hi Michelle,

      Thank you for your inquiry.

      Refinancing can offer you a better rate and lower repayments, and is an option available from many lenders. Please check your list of available options here

      I hope this information has helped.


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