Prequalification at multiple lenders
Reasonable borrowing requirements
CashUSA.com lets you apply for loans with proven state and tribal lenders. Superb security measures and lax borrowing requirements set this platform apart from other marketplaces for emergency personal loans. CashUSA.com is the right choice if you want to compare loan offers, but be ready for some aggressive email marketing, too.Read full review
from 5.99% to 35.99%
Minimum credit score:
$500 to $10,000
90 days to 72 months
Loans up to $50,000
Uses AI to evaluate applicants
Funds within one business day
Founded in 2012, Upstart helps you choose between some of the best loans for bad credit. Upstart is the right place for borrowers with no credit score: Thanks to its progressive evaluation method, this company allows you to get a loan based on your education, job history, and area of residency.Read full review
8.41% to 35.99%
Minimum credit score:
3 or 5 years
0% - 8%
5% or $15
5kFunds can get you emergency loans for bad credit from direct lenders. Over 100 reputable lenders partner with 5kFunds, amassing a formidable array of emergency financing products. By applying with 5kFunds, you’ll be able to compare loan rates from various lenders before choosing the one that fits you best.Read full review
5.99% to 35.99%
Minimum credit score:
$1,000 to $50,000
60 days to 72 months
unsecured and secured personal loans
Quick application process
Reputable lender network
If you’re looking for small loans for bad credit, CashAdvance.com may be perfect for you. This online marketplace offers short-term loans up to $1,000 and can get your money to you on the same day. However, the maximum repayment time is only 12 months, which tends to hike up interest rates sky-high.Read full review
from 15% to 1,564%
Minimum credit score:
$100 - $1,000
7 days to 12 months
Emergency loans or crisis loans are small personal loans made to cover unexpected costs. These loans tend to be unsecured – no collateral needed. But that’s not even the best part – emergency loans get approved almost instantly, even if you don’t have a stellar credit score.
Of course, there’s a catch or two – lending to an unreliable client is risky for the lender, so the quick-cash loans for bad credit may result in high monthly payments.
Online lenders and marketplaces offer varying loan amounts, competitive APR, and versatile repayment options, but they don’t have as many requirements for applicants as they do for regular loans. Loan types can range from emergency payday loans with no credit check to unsecured short-term personal loans.
If you’re applying for an emergency loan, that probably means you need your cash as soon as possible and don’t have time to compare numerous lenders manually. We choose the best loan marketplaces, working with industry-leading online lenders, to make your job easier. Still, you’ll need to do some of the comparing yourself.
To that end, we shared our methodology for evaluating a given lender, so you’ll know what criteria to look into as well.
Emergency loans take multiple forms, so here’s a short overview of each emergency loan option:
Personal loans are the most common type of easy loans for bad credit. Most lenders offer some sort of unsecured loan for emergency purposes, even if your credit score isn’t that great.
Payday loans are a form of emergency loan: They’re small – usually up to $500 – used to cover unexpected costs. But because they don’t require a credit check, you can expect extremely high interest rates and a condensed repayment period. In short, avoid if possible.
Credit Card Cash Advance
A cash advance from your credit card company can also serve as an emergency cash loan for bad credit. It’s even more expensive than a personal loan, so it’s better to find a different solution.
Loans from each lender have their own features to get acquainted with before submitting your application.
Emergency loans typically range from $200 to $500, but many lenders allow both higher and lower borrowing amounts. However, the thing with emergency loans is that they need to be repaid quickly and with high interest rates, so only apply for the amount you actually need to cover costs.
The next thing to check out is the lender’s rates for personal emergency loans. Thankfully, the lender allows you to check your personalized loan rates and potential installments before submitting your application. Still, fees can be extremely high, especially if you have a bad credit score or open bankruptcies.
Some lenders offer emergency loans with a maximum term length of only a few weeks, resulting in high monthly payments that don’t make the loan worthwhile. But there should be some options for longer terms than that. Repayment options also vary between monthly or bi-weekly installments. If you anticipate needing extra time to pay off a loan, consider lenders that offer emergency installment loans rather than payday loans.
Online services connecting borrowers with lenders set their own loan requirements, but additional eligibility criteria may apply depending on your lender of choice. Luckily, emergency loan requirements are generally easy to meet: Most lenders will approve your application regardless of your FICO score, but your creditworthiness will influence rates and payments.
Lenders will also check your bank accounts, credit card balances, and job history before sending you a loan offer.
A smooth application process is always appreciated, but it’s more of a necessity for emergency loans. The best online marketplaces for instant loans for bad credit feature lenders with streamlined websites and straightforward application procedures. The companies we evaluated will review your request instantly and forward it to their lenders at once.
The main advantage of pre-qualifying with multiple lenders is loan term comparison to help you decide between them.
Funding time is probably the most important thing to pay attention to when choosing an emergency loan. Thankfully, most companies can transfer money to your account within 24 hours or as soon as you accept a loan offer.
Even emergency loans have added benefits: For example, emergency funds for bad credit should be transferred through a safe platform that keeps your private information protected from third parties.
Knowing what their previous clients say about prospective lenders is always a good thing. To help you find out about your potential creditors, we looked into each company’s Better Business Bureau rating, as well as customer reviews.
CashUSA.com is an online loan marketplace best-known for its lax borrowing requirements and fast processing. If you’re looking for quick loans for bad credit, dive into our CashUSA.com review and see what this platform has to offer.
CashUSA.com’s broad lending network comprises both state and tribal lenders. They all offer versatile emergency loans, including personal loans, lines of credit, and other financing products. Once you request a loan, CashUSA.com will send you back a list of recommended lenders with their respective offers.
Emergency loan applicants usually need a relatively small amount of money – up to $10,000 – to cover unexpected costs. At CashUSA.com, loan amounts range from $500 to $10,000.
High interest rates are a staple feature with emergency cash loans, particularly for borrowers with low credit scores. Most emergency loans are unsecured, which is excellent if you don’t have collateral but also adds to your interest rate. The APR for CashUSA.com loans ranges from 5.99% to 35.99%. Monthly payments are calculated based on your credit score, income, and borrowing amount.
CashUSA.com has relatively reasonable borrowing requirements. Applicants need to be US citizens that are at least 18 years old. The minimum monthly income is $1,000 after taxes, and an open account in your name. If you have a bad credit score or no credit score at all, don’t worry – CashUSA.com grants emergency loans with no credit check.
CashUSA.com is not a direct lender but a platform that connects you with multiple lenders. After you submit your application, the company forwards it to potential lenders, allowing you to pre-qualify with more lenders at the same time. Filling in a loan request through CashUSA.com comes free of charge and without any obligation to accept one of the offers.
Use this advantage to consider each offer carefully and try to find one that’s practically tailor-made for you.
Here, personal loans for poor credit are properly secured: CashUSA.com uses advanced technology to protect borrowers’ private information and transactions from scammers. CashUSA.com also helps you make your payments on time via its autopay option.
Customer reviews are always something of a mixed bag, and this time is no different – customer complaints are focused on the company’s aggressive marketing, which is benign enough. On the other hand, they also mention the unauthorized use of Social Security numbers. To boot, CashUSA.com is not BBB accredited and has an F rating on this site.
Trustpilot gives this platform three stars out of five.
CashUSA.com is a good option if you want to apply for emergency loans for poor credit at multiple lenders at the same time but be prepared for some pushy email promotion and maybe even SSN-security issues.
Reasons to Apply
Quick application process
Soft credit check
Upstart is a California-based company that offers personal loans for various purposes – covering credit card debts, unexpected medical bills, or relocation costs. Upstart relies on artificial intelligence to predict a borrower’s creditworthiness. Thanks to this assessment model, borrowers with low or nonexistent credit scores have better chances of getting a loan.
If you need a lender that provides unsecured loans for bad credit, Upstart is worth checking out. It offers quick financing solutions to borrowers with emergency needs. All Upstart loans are unsecured, with no limitations on how you’re going to spend your money.
Possible borrowing amounts for Upstart’s personal loans range between $1,000 and $50,000 – a cap much higher than those commonly found with other emergency lenders. However, not all applicants qualify for the highest amounts, as your personal upper limit is based on your creditworthiness. Also, when applying for emergency loans online, check the minimum loan amounts between states.
The minimum Upstart loan amount in Ohio is $6,000; $3,000 in Georgia, $5,100 for New Mexico, and $7,000 in Massachusetts.
Upstart APR can be quite high – between 8.41% and 35.99% – and depends on your credit score, loan amount, and repayment terms. Upstart isn’t the best option for borrowers who need flexible repayment options, either: It offers only three- or five-year terms. On the plus side, you can repay your loans earlier without penalties.
Reasonable requirements for quick emergency loans are part of Upstart’s charm. The official minimum credit score you need to have is 580. However, the AI-powered application system will look into other criteria, as well. Besides checking your FICO, monthly income, and credit history, Upstart also analyzes your employment history, area of residence, and education.
This model is beneficial for students with no credit score or regular borrowers with low FICO scores.
Upstart allows borrowers to prequalify for loans at multiple online lenders. As you know, prequalification for emergency bad credit loans will not affect your credit score. Once you start the procedure, Upstart will pull a soft credit check and then a hard one after you accept the loan offer. As soon as you’re approved, the money will be transferred to your account within one business day.
Upstart lets you change your payment date through its website at any time you want. It won’t affect your payments as long as the new date is within the grace period limits.
Upstart is a reliable marketplace offering the best loans for bad credit and is BBB-accredited, with an A+ rating. It also has five stars on Trustpilot.
Thanks to its unconventional risk-assessment model, Upstart is the right solution for anyone with a low credit score. The main downside of taking out a loan through this platform is loan repayment: You can only get a three-year or a five-year term.
Reasons to Apply
15-day grace period
Fast online application
If you’re on the prowl for bad credit loans, another online marketplace to check out is 5kFunds. The Florida-based company covers almost all 50 states with its large network of reputable lenders. Applying is a breeze, and 5kFunds will find suitable options as soon as possible.
5kFunds connects prospective borrowers with over 100 online lenders, most of which offer personal loans, with a maximum borrowing amount of $35,000. The platform doesn’t restrict loan purposes – you can settle medical bills, fund home improvements, or even pay for a holiday.
Aside from personal loans, 5kFunds lenders offer emergency payday loans with high-interest rates. Payday loans are usually small – up to $400 or less – but their too-high APR makes them a last resort.
5kFunds loans are usually unsecured, but some lenders may offer secured options.
When applying for a loan, you need to mark the borrowing amount bracket you want to apply for. This way, 5kFunds will know which lenders may accept your request. Potential borrowers can apply for loans ranging between $1,000 and $35,000. There are emergency payday loans found online that go lower and higher than these caps, but not at 5kFunds.
Your APR depends on your borrowing amount, financial stability, and repayment terms but usually stays within the 5.99% to 35.99% limits. Some lenders may charge origination fees or prepayment penalties, but 5kFunds won’t charge you any fee to apply through its platform.
Repayment term lengths for loans taken out through 5kFunds can be anywhere from 60 days to 72 months, depending on the lender you choose. Payments are either monthly or bi-monthly. And as they do anywhere else, 5kFunds payday loans for bad-credit borrowers have short repayment periods and high interest rates.
You need to be at least 18 years old and a US resident. There’s no set credit score minimum – it’s the perfect place to get an emergency loan for bad credit. Of course, each lender reserves the right to apply its own eligibility criteria.
However, 5kFunds does not offer its services in all 50 states, and the company is not very transparent about this information. You’ll need to contact 5kFunds directly to find whether it operates in your state.
You’re just a few simple steps away from applying online for emergency loans with 5kFunds. The application process is completely safe, and your request will be sent to several lenders that may fit your needs simultaneously.
There are no extras here: 5kFunds sends money into your account within one business day of offer acceptance and guarantees secure transactions.
This loan service is not BBB accredited and has no BBB rating.
A simple application process and a vast lender network are the main reasons to choose this online service. It’s also one of the best options for fast emergency loans.
Reasons to Apply
No credit score requirements
Over 100 lenders
CashAdvance.com is another well-known marketplace for emergency loans for bad credit. This online lending platform has been in business since 1997, offering small personal loans through its extensive network of reputable lenders. If you’re looking for fast funding, you can get CashAdvance.com products across the US.
Online lenders partnered with CashAdvance.com provide traditional loans for borrowers who need small personal loans, but can’t qualify at conventional banks. Not only that, but CashAdvance.com’s network includes lenders that offer lines of credit, too.
Unlike other marketplaces, CashAdvance.com specializes in getting the smallest of the small emergency loans to those in need: The minimum borrowing amount is $100, while the maximum amount goes up to $1000. There are no limitations on how the money will be used.
If you’re applying for an emergency cash loan at CashAdvance.com, expect higher interest rates. First off, the platform offers only short-term loans, and the repayment period can be as short as a single week. The maximum repayment period is 12 months. Your monthly payments will comprise both principal and interest, so there’s a good chance they’ll be pretty high.
After all, this platform offers an emergency cash advance to bad credit borrowers, and the best loan conditions don’t come with those.
The APR differs from lender to lender: For instance, a $500 loan with a one-year term will have an APR between 15% and 30% – really high compared to other platforms, so you should choose the loan offer with the lowest rates.
First, you’ll need to meet basic loan criteria, i.e., be at least 18 years old, a US resident, and have a valid bank account. CashAdvance.com will also look into your employment records and ask you to state your monthly income, which shouldn’t be lower than $999. So if you’re looking for emergency loans with no job, it’s better to apply through some other platform.
CashAdvance.com doesn’t display minimum FICO requirements on its website, but it encourages borrowers to apply for a loan even if their credit score is extremely low.
State restrictions are the main downside of CashAdvance.com fast loans for bad credit, so check if it operates in your state first.
The online application on CashAdvance.com is straightforward: You need to fill the website form and create an account. Then, this platform offering loans for emergencies reviews your requirements and forwards your request to lenders that might accept your application. If you accept an offer, CashAdvance.com will deposit the money into your bank account the next business day.
When applying for an emergency loan at CashAdvance.com, you’ll need to provide your contact and bank account information and Social Security number. This data will be shared with the lenders in the CashAdvance.com network. The platform uses 256-bit encryption to protect your data and activities from third parties.
Another good thing about CashAdvance.com is the autopay option. To receive payments and fees for a loan that’s due, emergency loan lenders will automatically withdraw the funds from your account before the due date expires, so you’ll avoid late payment fees.
CashAdvance.com has a decent reputation among its clients. The platform is praised for fast funding and polite customer service. The business, however, is not BBB accredited and its rating on this site is B-.
If you don’t have a good credit score, but you need a small short-term loan immediately, CashAdvance.com is a good option. Be wary, though – the APR can be enormous, depending on the lender and terms you choose.
Reasons to Apply
Excellent customer support
If you’ve ever had an unexpected medical treatment or you needed to pay for surprise home repairs, you know how difficult it can be to find extra money right away. Of course, setting some money aside every now and again to cover such expenses is all well and good, but many people don’t have the luxury of regular savings. Such occasions often call for emergency loans for bad credit.
Luckily, many lenders and credit card issuers can help you get funds the same day you apply for a loan.
To get emergency funds, you can take out a personal loan. Seeing as how quick-cash loans for bad credit have no purpose restrictions, they can easily cover surprise expenses. Emergency loans are usually unsecured and can get deposited into your account within one business day of accepting an offer.
The fastest option among emergency hardship loans is a payday loan. However, use them only as a last resort, as they have incredibly high interest rates and tiny repayment periods. Personal loans are more affordable, even if your credit score is terrible. And if it’s 580 or higher, you definitely don’t need to use the payday option.
Furthermore, even if you have a poor credit score, personal loans come with way better loan terms and repayment possibilities than any of the payday options on the market.
Emergency loans are small. They usually range between $200-$500, but many lenders have higher borrowing limits. If you don’t have enough money saved for emergencies, this type of loan can help. A good credit score means you’ll probably get a decent loan offer, but you can get a loan without it, too – just with higher rates. So choose carefully if you decide to get some emergency funding this way.
First off, don’t take more money than you need. Emergency car loans, loans for medical costs, and all others stack up quickly, so calculate your expenses to a cent and apply for an amount that covers them exactly. Don’t use the money on anything else.
Lenders usually don’t put any restrictions on loan-spending purposes. However, emergency loans are expensive to repay, so you shouldn’t finance presents or vacations with them. The primary reason for taking out emergency loans is covering medical bills, home repairs, necessary purchases, or late payments.
There are also emergency mortgage loans, car repair loans, or those for covering funeral costs.
Yes. Some lenders offer emergency loans without credit checks in exchange for higher monthly rates.
You can get emergency funds from online lenders. These specialized loans are like smaller traditional personal loans. You can apply for one through any platform listed here.
If your credit score is considered poor, emergency loans for bad credit are the perfect option. You can read our reviews and learn more about these lenders and their borrowing requirements.
You can get an emergency loan even if you don’t have a job, as some lenders won’t check your employment records when offering a loan.