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In-Depth Analysis Review

Julija A. Image
ByJulija A.
February 03, 2022
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

If you need a small personal loan despite a poor credit score, you have come to the right place. Bad Credit Loans is a lending marketplace that specializes in matching individuals with imperfect credit ratings with accommodating online lenders.

According to reviews from customers, this platform could be the best choice if you need fast funding to deal with a financial emergency. Not only is this type of financial support better than a payday loan, but it actually gives you a chance to improve your credit rating.

This doesn’t mean that can find a willing lender for everyone. Read our review to find out about Bad Credit Loans requirements, the application process, and more.

Loan amounts
$500 – $10,000

APR range 5.99% – 35.99%

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Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

$500 – $10,000
5.99% – 35.99%
3 months – 3 years
1 business day
US citizens
pros thumb up Strengths
  • Personal loans for individuals with credit scores of 500 or less
  • No collateral required
  • No application fees
  • Competitive APR
  • Informative website
  • Fast and helpful customer agents
  • Quick funding after approval
  • Offers additional financial services (business loans, student loans, car loans, etc.)
pros thumb up Weaknesses
  • Not a direct lender
  • You can’t borrow more than $1,000 if your credit score is 500 or lower
  • Bad BBB rating

Bad Credit Loans Overview

Owned and operated by Chief LLC, is an online loan marketplace that serves borrowers seeking personal loans of $5,000 or less. Bad Credit Loans is not a direct lender. It provides loan-comparison services by connecting prospective borrowers with numerous online lenders across the US.

As its name suggests, this Nevada-based company specializes in helping borrowers with poor credit. The company accepts applications from borrowers with credit scores of 500 or even lower, matching each potential borrower with several lenders. If you find that you don’t qualify for a personal loan, Bad Credit Loans will help you find alternative solutions to your financial needs. 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.

Instead of sending stacks of applications to banks that won’t even consider your loan request, you can complete a Bad Credit Loans application and let the lenders come to you.

Not only are Bad Credit Loans services fast and efficient, but they are also entirely free. The application process is hosted on the Bad Credit Loans website, and doesn’t charge you a dime. You can quit the application process at any time without penalty.

In addition to personal loans for those with really bad credit, Bad Credit Loans provides comprehensive comparison shopping services for borrowers. Clients can use the website to shop for mortgages, car loans, credit cards, student loans, and more. Borrowers who seek business loans will be happy to learn that the Bad Credit Loans network includes lenders offering financial support for startups and small companies.

How does compare to other lenders? Logo
APR Range

5.99% – 35.99%

Min. Credit Score

N/A Logo
APR Range

5.99% to 35.99%

Min. Credit Score


Guide to Lenders Logo
Guide to Lenders
APR Range

3.99% to 35.99%

Min. Credit Score


Types of Financing Available

Although Bad Credit Loans offers several types of financial support, it is widely known as the best company for a personal loan for borrowers who have poor credit. Whether you are looking for a loan to pay for car repair, debt consolidation, or medical expenses, Bad Credit Loans will find you a match.

This online loan marketplace is designed to help borrowers obtain small unsecured loans with terms ranging from three to 36 months. “Unsecured” means that the borrower needn’t guarantee the loan with collateral. Loans range from $500 to $5,000 or perhaps $10,000 – the website provides inconsistent information.

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 that they can borrow only $1,000.

If you are planning to apply at Bad Credit Loans, 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

Application Process

It takes less than five minutes to fill out the Bad Credit Loans application online. Once it’s done, Bad Credit Loans will locate several lenders that match your needs and email you their proposals.

The process starts when you visit and find a loan request page. On the first page of the questionnaire you specify the purpose of the loan, the amount, and your credit rating. If you don’t know your credit score, you can choose “not sure” on the dropdown menu.

The rest of the pages collect personal information about you: name, address, phone number, current employment information, monthly salary, and so on. is a legit platform, so it’s safe to provide the information. You’ll also need to provide details about your bank account, your Social Security number, your driver’s license number, and so on.

Once you complete the questionnaire, a Bad Credit Loans representative will check your loan request. You can expect that the platform will check your credit score, just to be sure that you are applying for the right loan.

After the review process is complete, will send your request to the best personal loan companies that match your situation.

The next step is to wait for lenders’ offers and thoroughly review them before choosing one. You are free to choose none of the offers.

Once you’ve identified an offer you like, you can use e-consent to sign the loan papers. Don’t forget to read the terms and conditions first. Reddit reviews say you can expect to receive funds within one business day. However, the processing time completely depends on the lender, and it could take longer. That doesn’t have anything to do with Bad Credit Loans.

Bad Credit Loans in Depth

Financial calamities strike everyone. A 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 rating before misfortune comes calling.

That’s why our Bad Credit Loans review identifies the company’s financial services as valuable. Bad Credit Loans won’t turn you away if your credit report has blemishes. The company has a large lender network, so you’ll receive multiple offers to consider. In an emergency, a loan could be just what you need to recover your financial equilibrium.

Bad Credit Loans 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 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 and able to answer all of our questions.

Another great service is the Scam Alert page. It is loaded with articles about fraud related to online loans. You can learn how to recognize a scam and how to avoid different types of loan-related fraud.

Loan Amounts and APR

Borrowers looking for affordable personal loans ranging from $500 to $5,000, with a term of three to 36 months, will find the Bad Credit Loans platform most valuable. The company distributes your loan application to a large network of lenders who compete for your business.

If you decide to borrow, you’ll fill out a longer application with the lender – not with Bad Credit Loans. The agreement will specify fees, the term of the loan, monthly payments, the percentage rate, and the effective APR. Bad Credit Loans says its lenders’ loans have APRs ranging from 5.99% to 35.99%.

Bad Credit Loans specializes in securing real loans for bad-credit borrowers, but it can’t work miracles. If your credit score is lower than 500, you are unlikely to qualify for a loan of more than $1,000. Like other lenders,’s demand higher interest rates from borrowers with poor credit scores.

If the monthly payments or the total amount to be repaid are too high, we recommend you explore other financing options or take steps to improve your credit score before borrowing.


To qualify for a loan from Bad Credit Loans, you must be a US citizen, you must be at least 18 years old, you must have a source of steady income, and you must provide information about your bank account.

Reviews of Bad Credit Loans on BBB show that clients praise this lender because of these easy-to-meet requirements. 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.

Repayment Terms

Since the platform is a matchmaking service, not a lender, there are no Bad Credit Loans repayment terms. The platform collaborates with a network of lenders, and the lender you choose will define payment terms. In general, Bad Credit Loans lenders expect loans to be paid off in three to 36 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 making sure that you understand these additional expenses.

You’re also likely to be charged a penalty if you make late payments or skip payments. Reviews of 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. Bad Credit Loans doesn’t have anything with lender repayment policies.

Bottom line

Bad Credit Loans helps poor-credit loan applicants get small personal loans quickly. Its 10-minute application process makes applying for funds nearly painless.

After receiving your application, Bad Credit Loans conducts a “soft” inquiry at one or more credit bureaus to verify your credit rating. Before issuing a loan, a lender is likely to do a “hard” inquiry at EquifaxExperian, or TransUnion.

Bad Credit Loans offers favorable personal 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. Q&A

Is safe?


Yes, Bad Credit Loans is a safe and secure environment 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 a loan at different lenders is time-consuming. You can save lots of time with loan marketplace services like You’ll need to complete only 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 larger lender network and its lenient requirements for borrower credit ratings, finding a loan for an individual can be really fast and relatively painless.

Is Bad Credit Loans legit?


Yes, Bad Credit Loans and the services it offers are legitimate. The company meets a real need, and according to countless reviews from satisfied borrowers, customers appreciate its huge lender network, affordable loans, and quick funding for borrowers with tarnished credit histories.