If your credit score is less than ideal, you may find it difficult qualifying for a personal loan. Most lenders perform a credit check with the major credit bureaus as part of your loan application. If they see you have an unfavorable credit history, they may deny your application.
Thankfully, there are several online lenders that offer personal loans for borrowers with bad credit. These bad credit loan providers offer fast funding and an easy application process that only takes minutes to complete. Even better, making regular monthly payments on these loans can help improve your credit score.
However, choosing the best bad credit loan can feel overwhelming. To help you decide, we’ve reviewed the best personal loan companies that cater to borrowers with poor credit. We rated each lender on a variety of factors including interest rate, application process, speed of funds, and eligibility requirements.
Here are our top picks for the best loans for people with bad credit.
5 Best Lenders for Bad Credit Loans
#1. BadCreditLoans: Best Online Loans for Bad Credit
If you’re looking for loans for bad credit, you can’t get much more straightforward than working with a company called BadCreditLoans. This free lending platform can connect you with a lender that will meet your desired loan and qualification terms.
Through BadCreditLoans, you can receive a loan amount ranging from $500 to $10,000, depending on your needs and credit history. While the exact APR you will pay depends on…
