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Get a loan after bankruptcy

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

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 charge rates as high 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
OpploansInstallment loan$500 to $4,000+18 years old, Receive paychecks through direct deposit, $1,500 minimum monthly income, Live in eligible state★★★★★
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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★★★★★
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CashNetUSAPayday loanUp to $3,000Regular source of income, bank account, US citizen or permanent resident, age of majority in your state★★★★★
Cashadvance.comPayday loan$100 to $999Employed, at least $1,000 in monthly take-home pay, valid checking account, US citizen, over 18, valid home and work phone number, valid email address, resident of eligible state.
Not yet rated
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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+★★★★★
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Check CityPayday loanVariesActive checking account, photo ID, steady income★★★★★
Read review

Can I get a loan after filing for bankruptcy?

You might be able to get a loan after bankruptcy has been discharged. 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.
If you’re currently in bankruptcy proceedings, however, getting a loan could jeopardize your case. Consult a bankruptcy lawyer before you apply for financing.

Compare short-term loans and other alternatives

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.

Name Product Filter Values Loan amount Turnaround time Requirements
Finder Score: 4.7 / 5: ★★★★★
Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day for a fee
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest and no credit checks. Subject to EarnIn terms & conditions.
Chime SpotMe®
Finder Score: 4.2 / 5: ★★★★★
Chime SpotMe®
Up to $200
Same day
Single qualifying $200 direct deposit into Chime checking account in the last 34 days.
Access fee-free overdrafts up to $200 when eligible. Plus get your paycheck up to 2 days early with direct deposit. See Chime terms and conditions.
Smart Advances
Not rated yet
Smart Advances
$100 to $20,000
As soon as one business day after loan closing
Have a regular income, 18+ years old, be a U.S. citizen with a valid SSN, have an open bank account, meet any additional requirements your lender may have
Smart Advances was designed to help you request the loan you need, for any reason.
Not rated yet
Based on the amount of accrued PTO
2 to 5 days
18+ years of age, live in eligible state, have W2 job with salary of $30k+, have PTO days accrued
Tap your unused PTO for a cash advance so you can access that money early. Available in: CO, FL, IL, MA, NY, NJ, TX, VA, OR, AR, NE, TN, ME, CT, WV
Finder Score: 4.1 / 5: ★★★★★
Up to $250
3 to 4 days standard transfer. Same day with $3.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Dave ExtraCash
Finder Score: 4.2 / 5: ★★★★★
Dave ExtraCash
Up to 3 business days, or instant for a fee
At least two direct deposit paychecks to your bank account from your employer, extra money in your bank account
Borrow up to $100 to avoid hefty overdraft fees.
Finder Score: 4.2 / 5: ★★★★★
Up to $250
1 to 3 business days or instantly with a fee
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $8.99 membership fee.
LendYou Short-term Loans
Finder Score: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
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.

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?

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 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. Specific lenders have bad credit personal loans, 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. 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.
  • Business loans. You may need to wait a few years but some business lenders accept bankrupt clients, as long the bankruptcy is not active.

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 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.
  • Time since bankruptcy. Some lenders require you to wait a few years after your bankruptcy ended before even considering your application.
  • 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.

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. 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.

      JoshuaSeptember 12, 2018Finder

      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 .

      JoshuaSeptember 10, 2018Finder

      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?

      RenchMarch 13, 2018Finder

      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?

      HaroldDecember 14, 2017Finder

      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 using our comparison table.

      I hope this information has helped.


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