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Loans like Transform Credit

It’s not the only lender that accepts all credit scores.

Transform Credit is an online lender that specializes in personal loans for bad credit borrowers with a cosigner. With a quick online application, loans up to $7,000 and a 35.99% APR for all borrowers with no fees, it can be a good alternative to high-cost payday loans.

But while it’s one of the few personal loan providers to accept cosigners, it doesn’t just accept them — it requires them. To get a loan from Transform Credit, you must have a cosigner with a credit score of at least 750. Transform is also only available in a few states, so it’s not an option for most Americans. With a cosigner, you may qualify for lower rates or larger loan amounts through another provider.

We’ve gathered eight lenders like Transform Credit with different attributes such as higher loan amounts, flexible credit score requirements, more state availability, lower rates and other payday loan alternatives. And if you did have a cosigner, we have a better alternative to consider, too.

Our 8 top picks for lenders like Transform Credit

Alternative for fair credit: Upgrade

Upgrade personal loans

4 / 5 ★★★★★

Upgrade requires a credit score of 620 for personal loans from $1,000 to $50,000 — much higher borrowing amounts than Transform Credit. Upgrade is also great for its fast turnaround time, quick online application and great customer service reviews. Upgrade is also available in 45 states, which is much more than Transform Credit's limited availability of nine states.

While it doesn't accept cosigners like Transform Credit, Upgrade does accept joint applications, so you can apply with a coborrower. However, Upgrade does have strict income requirements, requiring that you have at least $1,000 leftover after paying your monthly expenses — which your coborrower can help you meet.

  • Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia
  • Fair credit OK
  • Loans up to $50,000
  • Positive customer reviews
  • Origination fee up to 9.99%
  • Strict income requirements
Loan amount$1,000 to $50,000
APR8.49% to 35.99%
Interest Rate TypeFixed
Min. credit score620
Turnaround Time1 to 4 business days
Maximum Loan Term7 years
Minimum Loan Term2 years

For poor credit: OneMain Financial

OneMain Financial personal loans

3.4 / 5 ★★★★★

OneMain Financial is a solid option for borrowers with poor credit who struggle to qualify with other personal loan providers. OneMain doesn't have any hard and fast credit score requirements, and loan amounts cap out at $20,000 — much higher than Transform Credit's $7,000.

On the downside, OneMain has high rates compared to other personal loan providers. Rates range from 18% to 35.99%, but compared to Transform Credit, the max is the same. And if you want a chance at getting a lower rate, OneMain does offer secured personal loan options. But you'll also have to account for an origination fee between 1% to 10% of your loan amount, and it charges late fees. These extra costs may make it a more expensive option than Transform Credit.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
  • No minimum credit score required
  • Higher loan amounts than Transform
  • Secured and unsecured loans available
  • Origination fee up to 10%
  • Late fees up to $30
  • More upfront costs than Transform
Loan amount$1,500 to $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Min. credit scoreVaries
Turnaround TimeAs soon as the same day
Maximum Loan Term6 years
Minimum Loan Term2 years

Alternative for good credit: LightStream

LightStream personal loans

4.83 / 5 ★★★★★

With its hard-to-beat rates and high lending amounts, LightStream is a top provider. It offers unsecured personal loans up to $100,000, and terms can be as long as 12 years. LightStream also offers one of the most competitive personal loans out there, with low rates starting at 7.99%. It also has a Rate Beat Program, offering a 0.10% rate discount if you have an eligible competitor offer. And if you enroll in autopay, there is a rate discount of 0.50% — most other providers limit that discount to 0.25%.

However, to qualify, you'll likely need good to excellent credit. And while it does accept joint applicants, LightStream, unfortunately, doesn't accept cosigners. You also can't check your rate without a hard credit check.

  • Available in all states
  • Competitive rates
  • High loan amounts
  • Long loan term options
  • High autopay discount
  • Rate beat program
  • Good to excellent credit to qualify
  • Doesn't accept cosigners
  • No prequalification
Loan amount$5,000 to $100,000
APR7.99% to 24.49%
Interest Rate TypeFixed
Min. credit scoreGood to excellent credit
Turnaround TimeSame day
Maximum Loan Term12 years
Minimum Loan Term2 years

Alternative for paycheck advances: MoneyLion

MoneyLion Instacash advances

MoneyLion is a banking app with budgeting tools, paycheck advances and a credit-building product. The paycheck advance product is called Instacash, and if you qualify, you could borrow from $50 to $500 with no interest, fees or monthly membership. If you sign up for the paid membership, you may be able to unlock Instacash amounts up to $700.

The other borrowing product is called Credit Builder Plus, also requiring no credit check. It's like other credit builder loans, except you get a portion of the funds upfront — most lock it in a savings account until the end of your term. The maximum amount is $1,000 and payments are reported to all three credit bureaus. However, to access the credit builder loan, you must have a membership, which is $19.99 per month.

  • Available in: Alabama, Arizona, California, Delaware, Florida, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
  • No-fee advances up to $500
  • Credit builder loan offers funds upfront
  • Money management tools
  • Investment account with paid membership
  • $19.99 monthly membership for best perks
  • May take eight weeks to qualify for Instacash
Loan amount$50 - $500
Interest rate typeFixed
Loan TermVaries
Turnaround time3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account

Alternative for when you want to build credit: OppLoans

OppLoans Installment Loans

4.4 / 5 ★★★★★

OppLoans is a short-term installment lender that reports loan payments to all three credit bureaus, allowing you to build your credit score if you make timely payments. Most other traditional personal loan providers also report payments, but they tend to prefer good credit scores — OppLoans doesn't have a minimum credit score requirement.

Transform Credit does offer a credit builder product for $5 per month, but like its short-term loans, you'd also need a cosigner. And its credit builder product isn't a loan but more like a savings account, so it's not helpful if you need to borrow.

OppLoans loan amounts and terms are small, allowing you to borrow up to $4,000 with short terms from 9 to 18 months. Rates are significantly higher than Transform Credit, from 59% to 160% APR though lower than most bad credit options. While OppLoans isn't available everywhere, it's available in 33 states — way more than Transform Credit.

  • Not available in: Colorado, Connecticut, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, South Dakota, Vermont, West Virginia
  • Reports payments to credit bureaus
  • No minimum credit score
  • Same-day funding available
  • Rates can be high
  • Smaller max loan amount than Transform
Loan amount$500 - $4,000
Interest rate typeFixed
Loan Term9 to 18 months
Turnaround timeAs soon as the same business day.

Alternative for avoiding overdrafts: Brigit


If you find yourself constantly looking to expensive payday loans to avoid overdrafting or to get through tough times, then the Brigit app may be for you. Brigit offers automatic overdraft protection and can send alerts if you're about to overdraft.

Alongside its money-management features, it offers paycheck advances up to $250 with no interest or financing fees. It's also available in all 50 states, unlike Transform Credit. Like other cash advance apps, there's no credit check for the cash advance, but you will need a qualifying, positive bank account. But Brigit isn't free. It has a monthly membership fee of $9.99 per month.

  • Available in all states
  • Overdraft protection
  • $250 paycheck advances
  • Available in all 50 states
  • $9.99 monthly membership
  • Mixed customer reviews
  • Joint bank accounts not accepted
Loan amountUp to $250
Interest rate typeFixed
Loan TermVaries
Turnaround time1 to 3 days or same-day in some circumstances

Alternative for comparing rates: Monevo

Monevo Installment Loans

If you're just not sure what lender to go with, then Monevo could be a good first step. It's a connection service that helps you compare lender offers after a quick, free, soft credit check application. Monveo is partnered with over 20 personal loan providers with advertised rates from 5.4% to 35.99%, and all credit types are encouraged to apply.

There's no obligation to move forward with any of the lenders you're matched with if you use Monevo. But like other connection services, you may be sent marketing material from its lending partners — even after you've taken out a loan.

  • Available in all states
  • Compare lenders quickly
  • All credit types can apply
  • Free and no obligation
  • Not a direct lender
  • May receive marketing materials
Loan amount$500 - $100,000
Interest rate typeFixed
Loan Term6 months to 7 years
Turnaround timeVaries by lender

Alternative for cosigned loans: Laurel Road

Laurel Road personal loans

4.2 / 5 ★★★★★

If you have a cosigner with excellent credit, Laurel Road may be a much better option than Transform Credit. Laurel Road accepts cosigners and comes in with a much lower maximum interest rate of 24.5% compared to Transform Credit's 35.99%. Most borrowers can get up to $45,000 in funds, though healthcare professionals can qualify for as much as $80,000. There are also no origination fees or prepayment penalties, and it's available in all 50 states.

However, expect to need fair to good credit to qualify — Laurel Road requires a 680 minimum credit score. But if you have a cosigner, they may help you meet that requirement. You'll also need to meet the debt-to-income ratio requirement of 40% or less.

  • Available in all states
  • Accepts cosigners
  • Lower rates than Transform
  • Healthcare professionals may borrow more
  • Available in all states
  • No origination fees or prepayment penalties
  • Strict 40% maximum DTI
  • Highest loan amounts only available to healthcare professionals
Loan amount$5,000 to $80,000
APR8.99% to 24.50%
Interest Rate TypeFixed
Min. credit score680
Turnaround TimeAs little as 2 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

How does Transform Credit compare?

Transform Credit is a payday loan alternative lender, offering small loan amounts to borrowers with lower credit scores or rocky borrowing histories. Its rates are lower than a typical payday loan, and it does accept cosigners — a rarity among personal loan providers. But having a cosigner isn’t optional.

There are no additional fees alongside its interest rate of 35.99%. But Transform Credit is only available in nine states: Georgia, Illinois, Wisconsin, Utah, California, Idaho, Oregon, South Dakota and New Hampshire. But your cosigner can live in any state.

Transform Credit also has a Pattern of Complaint alert on its BBB profile. Most complaints revolve around users stating they were approved for a loan they did not apply for, credit scores were checked without authorization and cosigners being added to loans with consent. The alert states Transform Credit is supplying requested information and is working to correct the issue.

For more detailed information, read our Transform Credit review.


  • Accepts cosigners
  • No fees
  • No minimum credit score for primary borrower


  • Only available in 9 states
  • Small max loan amount
  • Cosigner must have excellent credit
  • Pattern of complaints alert on BBB

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