Best Emergency Loans & Urgent Loans For Bad Credit From Top Loan Companies In 2022

Unforeseen circumstances can leave you stressed, puzzled, and anxious. You don’t have to worry, as emergency loans can help you during hard times. Like the other loans, emergency loans come with certain interest rates and terms & conditions. You can avail of these loans within one business day to help you deal with tough times.

Applying for general or traditional loans can be difficult to access as they require you to submit collateral and have an excellent credit history. However, money lending platforms offer you loans at lower interest rates, immediate cash transfer facilities, and easy user policies. These are truly helpful, even if you have a bad credit history. So let’s learn about the companies offering the best emergency loans for people with bad credit.

Top 5 Mortgage Lenders For Emergency Loans For Bad Credit

#1. MoneyMutual — Overall Best Emergency Loans for Bad Credit; Editor’s Pick

#2. BadCreditLoans — Popular Marketplace For Bad Credit Loans Guaranteed Approval

#3. RadCred: Top Financial Institution For Cash Advance Loan With Instant Approval

#4. CashUSA — Get Quick Loans & Emergency Loans No Credit Check; Most Reliable

#5. Personal Loans — Popular Online Platform Offering Personal Loans For Bad Credit

#1. MoneyMutual — Overall Best Emergency Loans for Bad Credit; Editor’s Pick


MoneyMutual is the best platform that assists customers with emergency loans when they have bad credit. The company has a huge customer base of more than two million users. It is one of the trustworthy companies that secure bad credit loans effortlessly. The platform acts as an intermediary between lenders and borrowers.

The application form is available online on the website. You have to fill out the form with your personal and employment details and the other essentials. Once you submit the form, it is sent across to the lenders. You are then redirected to the lender’s website who is willing to lend you funds. You can negotiate the terms and conditions as specified by the lender, and upon the agreement, you receive the funds within 24 hours. MoneyMutual allows you to apply for all kinds of loans, including payday loans, installments, and bad credit loans.

The website has 60 short-term lenders that completely disclose their terms and conditions. To be eligible for applying for the loan:

  • You must be 18 years and above.
  • Must earn at least $800 per month.
  • Must hold an active account.

Norton Encryption encrypts the website, and all the information you share is secure on the platform. It ensures you can safely share the information and all from the comfort of your home.


Interest Rates

Typically, the estimated APR varies from 5.99% to 24.99%. The company does not charge you any origination fee for the loan application. The lenders define their terms and conditions, including interest rates. You can avail the loan amount between $5000 to $35000.

Loan Terms

According to theislandnow, this platform has 60 lenders, and MoneyMutual connects you to the ones that can immediately address your financial needs. MoneyMutual acts like an intermediary. It does not say many terms and conditions. These terms entirely depend on the lenders who are willing to pay you. You can discuss and negotiate the terms with the respective lenders. MoneyMutual offers three kinds of loans-

  • Payday Loans: Easiest to get with low qualification requirements and higher interest rates
  • Cash Advances: This allows you to avail of the loan in cash and gives you an option to pay back in the next paycheck or installments.
  • Bad Credit Loans: These are loans specifically designed to qualify individuals with a poor credit score.


  • Quick application process
  • Easy to use website
  • A secure and encrypted website with enhanced data protection.
  • Offers different types of loans.
  • Loans available as little as $300 and large as $35000.


  • You must have a monthly income of at least $800.

⇒ Visit the Official Website of MoneyMutual

#2. BadCreditLoans — Popular Marketplace For Bad Credit Loans Guaranteed Approval


BadCreditLoans is another free online lending platform that connects both lenders and borrowers. If the platform cannot find the right lender for you, it connects you to other lenders. BadCreditLoans offers loans to individuals even if they have a bad credit history.

The website also offers an informative section that guides you with the loan process, how to pay a loan quickly, and how you can spend your funds. The application process is very simple on the website, and all you need to do is fill in your details, employment details, account details, and other credentials.


Loan Terms

BadCreditLoan offers money ranging from $500 to $5000, and the term can range from three months to 36 months. All you need to do is understand the basic eligibility criteria, including a verified source of income, age above 18 years, and legal citizenship of the US. Once you submit the details, the application is sent to the lenders. Each lender has its terms & conditions, and you can choose the one that best suits you.

Interest Rates

The platform is suitable for small loan amounts. And the APR ranges from 5.99% to 35.99%, with varying interest rates. The loan application process is free of cost, and you are not required to submit any fees. You are connected with suitable lenders that match your requirements.


  • Loans are available between $500 and $5,000.
  • Quick application process
  • An informative website that provides detailed information about the loan and application process.
  • Flexible credit requirements.


  • Eligibility requirements are stringent in some cases.

⇒ Visit the Official Website of BadCreditLoans

#3. RadCred: Top Financial Institution For Cash Advance Loan With Instant Approval


RadCred is a platform that has connected numerous people with reliable lenders. This online lender is the oldest on our list and has gathered a lot of experience. RadCred’s mission has always been to provide users with secure and practical tools to deal with their financial difficulties.

RadCred is a great platform for people who have bad credit ratings and need a short-term loan that may fulfill their financial requirements. The company has two decades of experience in the online lending market and has managed to stay on top despite facing fierce competition.

The most impressive feature of this platform is that it offers large and small amounts to borrowers. This feature makes RadCred more flexible than any other online lending company. The company focuses on both parties, and so far, the lenders and the borrowers seem happy with how well they can connect via RadCred. This platform has revolutionized the industry and has always been able to evolve and adapt to user and lender requirements.



RadCred is a platform with the customer’s needs and safety as a priority. TRUSTe reviewed and verified the company, which provides maximum safety and security. The platform also has many other reliable certificates like McAfee SECURE, which ensures the safety of every user while using the official website.

Additional features

Connecting borrowers to trustworthy lenders is the primary purpose of RadCred; however, the platform also offers extra features that customers may use. RadCred has many financial tools like loan and debt calculators that might help customers on a budget. The website also contains several different articles on financial topics like bad credit loans, how to improve your credit score, etc. The additional features can be used by anyone and are completely free.


  • More than two decades of experience
  • Free service
  • Simple to use and easy to navigate platform
  • Lenders may deposit funds directly to your account
  • No in-person meeting required


  • Not as popular as the other online lenders on our list
  • The eligibility criteria are strict

=> Visit the official website of RadCred

#4. CashUSA — Get Quick Loans & Emergency Loans No Credit Check; Most Reliable


CashUSA is one of the safe and secure platforms when you are looking for emergency loans. The company has helped several customers avail of loans even with bad credit. It is one of the most reliable American companies for availing emergency funds.

You just need to visit the company’s official website and submit the details. It takes very few minutes, and when the lender approves the request, the funds are transferred to your account within one business day. The company does not offer a loan but connects you to a suitable lender. There are different lenders with different requirements, and you will be connected after you are matched with a suitable lender. As the portal is online, it is efficient and easy to use.


Interest Rates

You can register on the website for free, and it does not interfere with loan fees and interest rates. The rates are entirely dependent on the lender.

Loan Limit

There are certain criteria before you can apply for a loan. You have to be at least 18 years or older and have an active account earning at least $10,000 per month. The loan limit you can request up to is $10,000. Here you can apply for smaller loans as well. And the best part is that people with all kinds of credit can apply for the loan and can get connected to multiple lenders at once.

Make sure to read all the terms carefully in the proposal, including the repayment fees, APR, and other things.


  • The website is secured and encrypted.
  • It is easy to use and highly user-friendly.
  • Can access loans up to $10,000.
  • Offer smaller loans of different kinds.
  • Simple application process.


  • Due to the eligibility criteria, some borrowers might get excluded.

⇒ Visit the Official Website of CashUSA

#5. Personal Loans — Popular Online Platform Offering Personal Loans For Bad Credit


If you are dealing with an emergency and are in dire need of funds, get in touch with PersonalLoans. It offers higher loan amounts and has a great reputation in the market for quick delivery of the funds. It is a Utah-based company and has been in business for a long time.

Over the years, it has earned a great reputation for its excellent services. Whether you need a loan for a medical emergency, home renovation, or anything else, PersonalLoans always has something best to offer.

The company offers seamless services and has excellent customer support. It has a thorough process with loan applications. You are required to fill out an online form with basic details about your job status and account information.

The company sends the application to its online network of lenders. If the lender is interested in your application, the company redirects you to its website. If the company cannot match you with any lender, it can redirect you to third-party lenders. If you face any issues, you can contact the customer support team to respond to your queries. The team is available 24/7 to address your needs.

The company offers loans in amounts up to $35,000, and the funds are made available within 24 hours. Bad credit borrowers may limit the amount they can access. You are also provided with 72 months to repay the amount. If you cannot make the payments on time, you can request an extension.


Extensive Application Process

The application process is simple and extensive. Here, you will find detailed explanations for every field that is required.

Loan Limit and Repayment Period

It offers loans of up to $35,000. However, it may not be open to all credits. The borrowers are provided with a long repayment period to accommodate all income levels.

Huge Network of Lenders

The company works with a vast network of lenders and a third-party network to help you access the loans easily.

Interest Rates

The company does not charge a penny for connecting you to the lender. The services are free of cost. The APR remains the same at 5.99% to 59.99%. These do not change even if the market is volatile.


  • A huge network of lenders
  • Easy to use website
  • $1000-$35000 loan amount available
  • Flexible repayment terms
  • No service charge
  • Quick delivery of funds
  • Seamless services
  • Secures your personal information


  • Higher interest rates
  • Its monthly income requirement is higher than most other platforms

⇒ Visit the Official Website of Personal Loans

How We Made This List Of Emergency Loans Bad Credit

We have done extensive research while searching for the best emergency loans with bad credit. We considered several factors that ensure the list of companies we have chosen is the best and the most reliable in the industry.

What We Looked For:

We considered several factors, and these include:

#1. Company Reputation

It is important to choose a company that has long been in the business with record accomplishments. We chose names of only the most reputed lending portals and facilitators that have successfully established themselves in the market through a positive and profitable relationship with their customers.

#2. Minimum Credit Score

We also considered the minimum credit score acceptable for a customer to apply. We didn’t look at companies that don’t lend money to customers with a low credit score.

#3. Simple and User-Friendly Process

Emergencies can strike us anytime, and they are time-sensitive matters, as you need the money urgently. Hence, you expect the system to be user-friendly and convenient without hassles. We have included companies that deploy a simple application process to apply for a loan within 5 minutes. The platform is so simple and easy to use that any layman can access it without any support. These companies offer convenient and transparent processes.

#4. Convenient Borrowing and Repayment Terms

We considered the least amount the companies could offer, the annual percentage rates, and repayment terms. We included only those clients who offer higher minimum loan offerings, even those with bad credit. The companies we have chosen allow flexible payment methods.

#5. Customer Satisfaction

We ensured the companies we have chosen have an excellent reputation with their customers. It plays a significant role in ensuring that the company is reliable in its services.

Factors To Consider While Applying For Emergency Loans Online

When searching for the companies that can connect you to the lenders for emergency loans, you must consider the following essential factors. Make sure to keep these in mind as they will be helpful:

#1. Reputation

You must consider that the company holds a reputation in the market. Whatever platform you choose, don’t forget to read the customer reviews before giving your final consent.

#2. Quick Access To Funds

Emergency loans are all about receiving funds quickly. There is no point in contacting the company if they cannot provide the funds on time. Hence, opt for the platform which is ready to provide the funds within 24 hours.

#3. Transparency

There is no point in being associated with a company that is not transparent about its conduct and policies. The platforms we have listed in our article are reliable, trustworthy, and fully disclose the terms and conditions.

#4. Flexibility

The company through which you try to get in touch with lenders must also offer flexible terms and conditions. So try to opt for flexible platforms and lend you a credit score below 600.

#5. Unusual Activity

When requesting a loan online, keep a check on the unusual activities. It could mean the platform was asking for confidential information unnecessarily. Like the hidden charges, complexity in the forms, credentials, and unwanted policies. Make sure to check their customer reviews and history. In addition to this, check if they are trying to force you to make the decisions quickly because a reliable lender will never push you and will always wait for your decision.

#6. Repayment Terms

Learn and educate yourself about the repayment terms and conditions. Before you sign up for an emergency loan, ensure to learn about the repayment terms. It can vary according to the lenders, and some may offer you flexibility in the form of long repayment periods.

#7. APR

Annual Percentage Rate APR is similar to loan interest. It may include additional fees a lender might want to charge other than interest charges. These rates differ and make sure you do not agree with the unreasonable rates. You may even calculate the APR given to you before you close on the deal.

#8. Credit Score

FICO has introduced scores that range from 300 to 850 points. Only choose online companies that offer loans for a poor credit score, a FICO score of 500 or below. But it depends on your circumstances; you can go for companies that offer loans below the FICO score of 600.

#9. Additional Information

  • No platform gives the full guarantee that your loan will be approved.
  • The online lenders don’t run a hard inquiry on your credit report.
  • Keep the documents ready to get the funds to your account at the earliest.
  • With poor credit ratings, you are obliged to pay higher interest rates. But the lenders on the platforms we have listed here may go easy on restrictions and provide more flexibility.

FAQs About Emergency Loans & Instant Loans

Q1: Is 600 a poor credit score according to FICO?

A: No, it is not a poor credit score. FICO defines a 600-660 as a fair score. If your score falls below 500, it would be considered a poor score. The companies listed in this article offer loans to individuals with a poor FICO score.

Q2: How do emergency loans work?

A: Emergency loans can be accessed quickly in small amounts and usually vary from several hundred to thousands of dollars. You are required to pay them in specific periods like monthly installments or based on agreed conditions.

It is important to note that emergency loans with bad credit are unsecured, and you are not required to put any of your collateral against the loan. The interest rates offered also differ according to the lender. Some lenders may charge you a lower amount, and some may even put you across a higher interest charge.

Q3: Where can I use the emergency loans?

A: Some lending companies may restrict usage when applying for emergency loans. However, it does not apply to the platforms we have mentioned. The platforms we have listed let you apply for emergency loans with bad credit, and you can use the amount for any purpose you want. Some of the top reasons why emergency loans are mostly applied include:

Medical Bills: Under unexpected medical conditions, you or your family member may need immediate attention. You may not have the funds to bear the cost immediately. Therefore, choosing an emergency loan for some time is a great idea.

Repairs: Your car or home may need immediate repair and maintenance. With an emergency loan, you can cover all your expenses conveniently.

Bills and Utilities: You may face challenges in everyday life like unemployment, etc. Hence, you can always apply for an emergency loan to cover your bills, rent, groceries, utilities, and rent in such cases.

Q4: How much can I borrow?

A: The amount can vary according to the lender. Many lenders can offer you up to $35,000 even with a poor credit score, but the interest rate charged would be very high. You can borrow beyond your need, but remember, the lenders may insist upon a good credit score for high-value loans. So, it is better to cut your coat according to your cloth.

Q5: Are there any alternatives to interest-based loans?

A: If your credit score is very poor and you cannot secure any emergency, installment, or personal loan, then your options are limited. You can request your family and friends or sell some assets to fulfill the need.

Q6: Why is online money lending better than traditional lending?

A: Online lending lets you apply and access the loans quickly from the comfort of your home. It saves a lot of time and effort in visiting the bank in person. These days, several online lending platforms let you access funds at reasonable interest rates.

In addition to this, online lending platforms submit your performance report from time to time to the credit bureaus. It helps in raising your credit score conveniently.

Q7: Which is the best online lending platform?

A: All the platforms listed in this article are reliable and worth trying out. These platforms are secure and data-encrypted. So, there is no chance of data theft or the sale of your data to any third party.

Q8: Will the company help me with any issues regarding the lender?

A: Money lending companies are the intermediary between you and the lender. In such cases, you will not get any backing and support from them. Their purpose is simply to provide you with the flexibility to accept or reject proposals. They don’t sort out the issues that arise between you and the lender. The companies are not involved in the lending process. Hence, they are unaware of the dealings between you and the actual lender.

Q9: What are the benefits of accessing emergency loans?

A: Emergency loans are the best option to cover your expenses during unexpected situations. These loans come with some benefits, such as

Flexibility: You can use emergency loans to cover the diverse requirements. You can use the amount for any of your requirements and occasions. They can be very flexible when it comes to repayments. You are offered a period of returning the amount, which can be flexible. Some lenders may allow you to repay within three months to 72 months.

No Collateral: Emergency loans are unsecured, and you are not required to share any collateral. Depending upon the lender, you can find the best emergency loans with varying interest rates.

Fast Application Process: The application process for emergency loans on the money lending platform is very quick. It does not take much time, hardly five minutes. You have to share your details, submit the application simple, and the platform connects you to the lender. You will get a notification when a lender decides to accept your loan application.

Q10: Is it possible to get an emergency loan with bad credit?

A: Yes, it is possible to access emergency loans with bad credit. When applying for a loan, keep your documents ready, which include your monthly earnings and tax returns along with the latest bank statements. The objective of securing this information and sharing it with lenders is to ensure your ability to repay the loan. If you have a steady source of monthly income, then you can secure the loan immediately. You may also be required to share your details, such as proof of identity, through a state identification card and driving license.

Q11: Are there fraudulent online loan companies?

A: There are both genuine and fake companies offering loans. The fraud companies often provide you with 100% assurance and guarantees that look like real deals. They may also charge you an advance fee before offering any services. So make sure you don’t fall for scams.

Reliable and genuine companies won’t ask you for any fee or payment, at least never before the services. Therefore, it is very important to execute thorough research and take your time before choosing the provider.

Q12: Are emergency loans worth applying for?

A: Emergency loans are truly worth applying for when you are in a financial crunch, and at the same time, are dealing with bad credit. The only catch is that these loans come with higher interest rates. If you don’t have any other viable option to secure funds, then emergency loans are the best options to come in handy. They have been specially designed if you have a bad credit score. However, you must have proper knowledge about the money lending platforms and terms & conditions offered by the lenders. Therefore, you must ensure that you do extensive research before going ahead.

Q13: Is it guaranteed that my loan will be approved?

A: Money lending platforms are not direct lenders. They are just intermediaries between lenders and borrowers. The lenders consider several factors before agreeing to offer you the loan. Hence, not many lenders are willing to offer funds with bad credit. Some companies may declare that they can offer you 100% assurance on the loan approval, so make sure not to fall for the scams.

Q14: How can I improve my bad credit score?

A: You can improve your credit score by diligently paying your monthly payments when they are due. You must also avoid instances that may negatively impact your credit.

Q15: I have bad credit ratings. What possible restrictions may I face?

A: With Bad Credit Ratings, you can face a few restrictions. Some of them are:

  • You may not get approval for a business loan.
  • Even if you get a lender, the terms and conditions may be stringent with higher interest rates.
  • Unfavorable repayment plans.


Online lending platforms are a savior when applying for emergency loans for bad credit. Having bad credit is no longer a worry or concern. Today, you can find suitable lending platforms that are not just efficient but trustworthy. These platforms save time as they don’t require writing applications, visiting banks/offices in person, and cumbersome investigations.

The platforms we have listed allow you to access funds quickly within 24 hours without any hassle. They also help you improve your credit score by reporting to the credit bureaus about timely payments.

If you are in a cash crunch, then without a second thought, you can trust these platforms and apply from the comfort of your home. They accept bad credit, charge you zero, and have super convenient processes. The companies have a vast network of lenders and offer considerable loan sums for all credit types. We hope the information we have shared will be helpful when you are considering a money lending platform for emergency loans.

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