If you need a small personal loan despite a poor credit score, you have come to the right place. BadCreditLoans.com is a lending marketplace that matches individuals with imperfect credit history with accommodating online lenders.
According to BadCreditLoans.com reviews from customers, this platform’s dedicated and responsible lenders could have just the bad-credit loan you need for fast funding to deal with a financial emergency. Not only is this type of loan offer better than a payday loan, but it actually gives you a chance to improve your credit rating.
This doesn’t mean that BadCreditLoans.com can find a willing lender for everyone. Read our review to find out about this platform’s requirements for bad-credit loans, the application process, loan fees, and more.
APR range 5.99% – 35.99%
- Personal loans for individuals with bad or no credit
- No collateral required
- No application fees (expect origination fees)
- Competitive APR
- Simple online form for applying
- No credit check
- Quick funding after approval
- Offers additional financial services (business loans, student loans, car loans, etc.)
- Not a direct lender
- You can’t borrow more than $1,000 with a poor credit score (below 500)
- No BBB accreditation
Owned and operated by Chief LLC, BadCreditLoans.com is an online loan marketplace that serves borrowers seeking personal loans of $5,000 or less. BadCreditLoans.com is not a direct lender. It provides loan-comparison services by connecting prospective borrowers with its network of lenders across the US.
As its name suggests, this Nevada-based company specializes in helping borrowers with poor credit get personal loans. The company accepts applications from borrowers with credit scores of 500 or even lower, matching each potential borrower with several lenders and their bad-credit loan offers. If you find that you don’t qualify for a personal loan, BadCreditLoans.com will help you find alternative solutions to your financial needs.
BadCreditLoans.com customer reviews show that this online marketplace has assisted hundreds of clients. It is a good solution for Americans who need emergency funds to cover debts and unexpected costs but do not qualify for traditional bank loans, or even secured loans, due to their terrible credit.
Instead of filling one loan request form after another with banks that won’t even consider your loan request, you can complete a BadCreditLoans.com application and allow the company to connect you with a lender directly.
Not only are BadCreditLoans.com services fast and efficient, but they are also entirely free. All you need to do is complete the online form on the BadCreditLoans.com website, adding your personal and financial information, as well as what type of loan offers you’re after. BadCreditLoans.com won’t charge you a dime. You can quit the application process at any time without a penalty.
In addition to personal bad credit loans from subprime lenders, BadCreditLoans.com provides comprehensive comparison shopping services for a few loan companies at a time. Borrowers can use the website to shop for personal and installment loans, mortgage loans, car loans, credit card loans, student loans, and more. Borrowers who seek business loans will be happy to learn that the BadCreditLoans.com network includes lenders offering financial support for startups and small companies.
How does BadCreditLoans.com compare to other loan services?
5.99% – 35.99%
5.99% – 35.99%
3.99% – 35.99%
Types of Personal Loans Available
As its name suggests, BadCreditLoans.com offers several kinds of bad-credit loans, and it’s widely known as the best company for personal loans for poor-credit borrowers. Whether you are looking for a loan to pay for car repair, debt consolidation, or medical expenses, BadCreditLoans.com will find you a direct lender.
This online loan marketplace is designed to help borrowers obtain small unsecured bad credit loans with terms ranging from 90 days to 72 months, with no possibility of a loan repayment extension. Unsecured loans don’t need the borrower to provide any collateral, as opposed to, say, house loans, where your home represents collateral for the mortgage lender.
The loan amount can range from $500 to $5,000 or perhaps $10,000 – as the platform’s lender network changes, so do the amounts. However, although this service is intended to help locate real loans for people with bad credit, clients with a credit score lower than 500 will find their maximum loan amount is $1,000.
If you are planning to apply at BadCreditLoans.com, make sure that:
- You are at least 18 years old
- You are a US citizen
- You have a source of regular income
- You have a bank account
- You have a valid email address
BadCreditLoans.com Application Process
It takes less than five minutes to fill out the BadCreditLoans.com application online. Once you’ve decided on the loan amount you need, the company will locate several lenders willing to offer you bad-credit loans and email you their proposals, with the potential loan terms included.
The process starts when you visit www.badcreditloans.com and find the loan request page. On the first page of the questionnaire, you specify why you need the funds, the loan amount, and your credit rating. If you don’t know your credit score, you can choose “not sure” on the dropdown menu, or request insight into your credit history from one of the credit-reference companies first, and then start the application process again once you have it.
The rest of the form collects your personal information: name, address, phone number, current employment information, monthly salary, etc. BadCreditLoans.com is a legitimate platform, so it’s safe to provide this information. You’ll also need to provide details about your bank account, Social Security number, driver’s license number, and so on.
Once you complete the questionnaire, a BadCreditLoans.com representative will review your loan request. After completing the review process, BadCreditLoans.com will send your request to the best personal loan companies that match your credit score (if you provided it).
The next step is to wait for lenders’ offers and thoroughly review them before choosing one. You are free to choose none of the recommendations. Once you’ve found an offer you like among the bad-credit loans, you can use e-consent to sign the loan papers. Don’t forget to read the terms and conditions first, as loan creditors often hide the least favorable details of their offers in the fine print.
BadCreditLoans.com Reddit reviews say you can expect to receive funds within one business day. However, the processing time entirely depends on the lender, and it could take longer. That doesn’t have anything to do with BadCreditLoans.com.
Financial calamities strike everyone. The pandemic shuts down your employer, plunging you suddenly into unemployment. An illness or injury keeps you from working as medical bills pile up. The car you rely on breaks down. Fate doesn’t check your savings account balance or your credit history before misfortune comes calling.
That’s why the bad-credit loans this company can find for you are valuable: BadCreditLoans.com won’t turn you away if your credit report has a few blemishes, or even if you have really poor credit. It has an extensive network of lenders, so you’ll receive multiple offers to consider, even if most banks would turn you away because of your credit history. In an emergency, a BadCreditLoans.com loan could be just what you need to recover your financial equilibrium.
BadCreditLoans.com goes above and beyond expectations in several ways. Borrowers who have used the company’s services give its customer-service agents top marks, for example, writing BadCreditLoans.com reviews that praise their courtesy and knowledge. We confirmed the quality of service on the phone and via email. We found the company’s agents friendly and capable, willing to answer all our questions.
Another excellent service is the BadCreditLoans.com Scam Alert page. It is loaded with articles about fraud related to online loans, especially bad-credit loans found elsewhere. You can learn how to recognize a scam and how to avoid different types of loan-related fraud, saving yourself thousands of dollars in unfair credit repayments.
Personal Loan Amounts and APR
Borrowers looking for affordable personal loans ranging from $500 to $5,000 (or $10,000), with a term of 90 days to 72 months, will find this platform most valuable. After all, when it comes to bad-credit loans, legit funding sources are scarce, so it’s helpful to have a company such as this to distribute your loan application to its large network of reputable lenders.
If you decide to borrow, you’ll fill out a longer application with one of the lenders. The agreement will specify fees, the term of the loan, monthly payments, the percentage rate, and the effective APR. BadCreditLoans.com says its lenders’ loans have APRs ranging from 5.99% to 35.99%.
This company specializes in securing real loans for bad-credit borrowers, but it can’t work miracles. If your credit score is lower than 500 and you’re looking for bad-credit loans, offers are unlikely to surpass $1,000. Like other lenders, BadCreditLoans.com’s candidates demand higher interest rates from borrowers with poor credit scores, even if they manage to qualify for a loan.
If the monthly payments or the total amount to be repaid are too high, we recommend you explore other bad-credit financing options or take steps to improve your credit score before borrowing.
Eligibility and Credit Score Requirements
To qualify for bad-credit loans from this aggregator’s lenders, you must be a US citizen, at least 18 years old, have a steady income source, and provide information about your bank account.
BadCreditLoans.com loans are intended to help borrowers facing financial emergencies. The company says the reasons for getting a personal loan include:
- Repaying debts
- Refinancing credit card debt
- Making vehicle repairs or payments
- Paying unexpected medical bills
- Covering costs related to relocation
- Paying taxes
Of course, you can always use a loan to take a nice trip or buy fancy clothes. But borrowers with poor credit should avoid these types of luxuries, since they lead to high monthly repayments.
Since the platform is a matchmaking service, not a lender, there are no BadCreditLoans.com repayment terms. The platform collaborates with a network of lenders, and your chosen lender will define payment terms. In general, BadCreditLoans.com lenders expect loans to be paid off in 90 days to 72 months.
Most lenders charge origination fees of 1% or more, plus separate closing fees. Don’t accept a loan agreement before reading it carefully and ensuring you understand these additional expenses.
You’re also likely to be charged a penalty if you make late payments or skip payments. Reviews of BadCreditLoans.com on the BBB website show that these penalties can be high – and that borrowers don’t like them. This is between you and the lender, however. BadCreditLoans.com doesn’t have anything with lender repayment policies.
Although this site offers bad-credit loans without many constraints, it’s not as reputable as it could be. For one, it’s not BBB-accredited, and its rating on this platform is a concerning F.
Trustpilot reviews from customers are divided, resulting in a 2.7 score. Many of them praise the service for finding them a bad-credit funding solution in their time of need, but others were dissatisfied with how many sensitive details the service gathers without a loan guarantee.
BadCreditLoans.com helps poor-credit loan applicants get small personal loans quickly. Its 10-minute application process makes applying for funds painless.
It won’t require you to submit your credit report, but after receiving your application, BadCreditLoans.com conducts a “soft” inquiry at one or more credit reporting agencies to verify your credit rating. Also, before issuing you bad-credit loans, lenders will likely make a “hard” inquiry at Equifax, Experian, or TransUnion.
All in all, this lender aggregator offers favorable personal bad-credit loan solutions for some customers. Small personal loans are tempting for anyone struggling with sticking to a budget. If used properly, a personal loan can be a smart decision, or it can just land you deeper in debt. If you are in financial trouble and you can’t raise the funds you need, this could be the perfect place for you.
Is BadCreditLoans.com safe?
Yes, BadCreditLoans.com is a marketplace for borrowing money. The company matches prospective borrowers with online lenders to help them find affordable loans. It is one of the leading lender networks for individuals with low credit scores who seek small personal loans.
Which loan company is best for bad credit?
Many lenders offer their services to borrowers with bad credit scores. Finding one that fits you best can be a daunting task. Each lender has its own requirements. Applying for multiple loans at the same time at different lenders is time-consuming.
That’s why loan marketplace services like BadCreditLoans.com are so popular - you only need to complete one online request form, and the website will find the perfect match for you.
What's the easiest loan to get with bad credit?
The easiest way to get an affordable personal loan, even if you have a bad credit score, is to use a borrower-lender matching service. BacCreditLoans is one of the best. Thanks to its large lender network and lenient requirements for borrower credit ratings, finding a loan can be really fast and relatively painless.
Is BadCreditLoans.com legit?
Yes, BadCreditLoans.com and the services it offers are legitimate. The company meets a real need, and according to countless BadCreditLoans.com reviews from satisfied borrowers, customers appreciate its huge lender network, affordable loans, and quick funding for borrowers with tarnished credit histories.