Best Bad Credit Loans With Guaranteed Approvals: Top 5 Payday Lenders With Fast Online Cash Advance For Bad Credit In 2022

Do you have a poor credit score and don’t know whom to turn to?

Trying to get money through traditional methods like banks will, in all likelihood, not succeed because they’re all sticklers for credit scores. Even if you get through to them, they’ll take ages and make you jump through multiple hoops.

This is where the companies on our list come in. They offer bad credit loans with guaranteed approvals, so read on to know which ones are the best.

Top 5 Best Loans For Bad Credit [2022]:

  1. MoneyMutual: Overall Best Bad Credit Loans Guaranteed Approval, Editor’s Pick
  2. Bad Credit Loans: Reliable Cash Advance Loans For Bad Credit Scores
  3. RadCred: Trusted Same Day Loan Marketplace For No Credit Check Loans
  4. CashUSA: Reputed Speedy Cash Lenders For Bad Credit Loans Online
  5. Personal Loans: Popular Installment Loans For Low-Interest Personal Loans

#1. MoneyMutual: Overall Best Bad Credit Loans Guaranteed Approval, Editor’s Pick



Money Mutual has established its name as a leading online loan company with good reason. It offers a plethora of loan options to its users and is also regarded as an inclusive loan provider. One of its standout policies is its no credit check policy, which is a boon for people with poor credit scores and helps them secure a loan immediately.

Apart from this, Money Mutual acts as a bridge between lenders and borrowers, facilitating easy access to lenders for people who wish to draw loans.

In addition to this, Money Mutual has a free website that doesn’t require any registration fee or account deposit for getting loans. People with poor credit scores can easily find lenders here who are willing to offer them loans without credit checks.

Moving on, Money Mutual has been around for about a decade, and in this period, it has managed to help two million people get loans. The process for acquiring a loan is quite straightforward, and all that is needed is to fill out a basic form and enter a loan amount. Furthermore, you must also have an active bank account and be a US resident.

But fret not because the form does not ask for credit information. Instead, it inquires about age, income, and loans taken before, if any. Thereafter, loans are given approval based on the data entered into the form, and customers may receive as much as $5,000 on the next business day.


  • Free service
  • Short loan approval period
  • Safe and easy interface
  • Allows interest comparison


  • Doesn’t work in all US states


A. Borrower-Friendly Service

Money Mutual makes it incredibly easy for customers to get loans, and this is reflected in its reviews online. Borrowers have stated that the company doesn’t ask for credit history and instead matches borrowers with lenders.

The company takes into account that emergencies occur, and one might need money on short notice for paying urgent bills, medical treatments, or for unavoidable travel. In situations like these getting a loan via traditional methods is improbable since it is time-taking, and high-interest rates accompany the loans.

Adding salt to the wound is a bad credit score, which can disavow your chances at a loan. This is where Money Mutual steps in and offers easy loans.

B. Safe And Quick Loans

The Money Mutual website has been around for about a decade now, and customers have raved about the security of the site when it comes to getting a loan. In addition to that, the whole process is speedy too, and there are always a few lenders online. Based on one’s personal information and loan request, a suitable lender gets in touch shortly.

The best part of this entire process is that personal details like contact information, address, and employment details are not accessible to the lender at all. This is facilitated by Online Lenders Alliance verification of the company and a 2048-bit RSA crypto security system.

C. Beginners Guide To Loans

It may happen that many borrowers may not be well-versed in the process of applying for an online loan. Thus, Money Mutual has a dedicated customer service that helps its clients select a loan amount, apply for it, and understand its intricacies.

This way, it helps its customers make sound financial decisions and also helps close the distance between borrowers and lenders. What’s more, the site also allows users to select a loan repayment system that works best for them. You can choose between direct online payment, military benefits, poor credit loans, and 24-hour payday loans.

=> Click here to get started with Money Mutual

#2. Bad Credit Loans: Reliable Cash Advance Loans For Bad Credit Scores



This is a great company to approach in case you’re looking to take a loan for a significant amount of money. Bad Credit Loans provides loans of up to $10,000 and extends them to people who have a poor credit history. Many lenders approach you once you sign up on the website and fill out some basic information.

The best part of this website is that there is no compulsion to accept a lender’s offer if the interest rates don’t seem to match your requirements. And, in case no lender seems to fit the bill, you can approach the company, and they will assist you in finding a suitable lender.

Moving on, the entire procedure of loan approvals is incredibly fast. Usually, it takes around 24 hours, and the application process is entirely free of cost, including registering on the website. The average rates of interest that you can expect to find on their website range from 6% to 35%, depending on the loan amount borrowed.

What’s more, the website is easy to navigate and provides detailed information on the process for application to ensure that no critical steps are missed. They even have blogs that inform users about potential scams they might encounter. Lastly, they have a 24×7 customer support team that will assist you at any time.


  • Free registration
  • Multiple lender options
  • Allows for interest rate comparison
  • Secure system
  • Intuitive site interface


  • Bad credit scores mean low loan amounts


A. Free Registration

Bad Credit Loans is an entirely free service and doesn’t cost the user a penny. Everything is free of cost, from filling out the application form to cutting a deal with the lender.

So, the only money that is paid is the loan amount, and for that too, easy methods are available. The company levies no additional service charge.

B. Secure System

Another advantage of using Bad Credit Loans is that they don’t require any invasive personal information about you. The process is transparent, and it only collects relevant financial details to provide to the lender. So, they may elicit simple things like age, name, SSN, and employment, but that’s all.

Moreover, all this information that is gathered is confidential and won’t be given away to any third-party agencies.

C. Multiple Lender Options

There are many lender options available on the Bad Credit Loans website. In addition to that, all the lenders are verified and comply with all the necessary laws governing money lending. What’s more, lenders don’t care about a bad credit score and will offer good interest rates despite having one.

But, if you can’t find any suitable lender, Bad Credit Loans has alternative options and will connect you to someone in their extended network.

D. Easy Three-Step Procedure

Yet another highlight of this company is that the Bad Credit Loans website is easy to navigate and understand. Firstly, the customer submits a basic application form that requires a few details. Thereafter, lenders present loan offers to the borrowers. If a borrower likes the terms of any of these offers, they can accept them.

=> Click here to get started with BadCreditLoans

#3. RadCred: Trusted Same Day Loan Marketplace For No Credit Check Loans



RadCred was founded in 2011 and has now become one of the best consumer-driven finance platforms. It started as a humble educational website but later started providing people with loans, irrespective of their credit scores.

The biggest selling factor of this online lending platform is the multitude of lenders that it has within its network. Additionally, users can take loans of up to $35,000. This comes as a boon to many because banks would most probably reject such a loan request if it came from someone with a bad credit score. The maximum amount a borrower can take out is no more than $1000 for a bad credit payday loan.

Moving on, the process of applying for a loan with RadCred is quite easy. You need to fill out the application form on their website with your details, firstly. Thereafter, the portal will connect you to lenders on the platform who are willing to give a loan of that amount. You can now compare all the offers you receive and accept the best one.


  • Loan amount credited within a business day
  • Competitive interest rates
  • Safe and secure website
  • User-friendly website design
  • No credit checks for smaller amounts


  • Not available for New York and Connecticut residents


A. Personal Loan Calculator

One of the highlights of the RadCred website is its loan calculator. This helps one make a comparison between different interest rates and see how much the monthly payment will be based on that.

All that you need to do to use this feature is to enter the term of the loan, the interest rate, and the principal. However, keep in mind that RadCred doesn’t give any guarantees regarding the accuracy of the results obtained from the loan calculator.

B. Security

RadCred has a secure website, where information is encrypted using SSL technology. Apart from that, the company adheres to all industry standards to make sure that the personal information provided on the website is secure and won’t leak.

If you want to know more about the security features of their website, we suggest writing to them at their official email address.

C. Minimal Requirements

If you’re looking to borrow a large sum of money, you may be required to go through a detailed credit check. However, if you’re taking a loan of a small amount (up to $5,000), then the borrower requirements are as follows:

  • Should be over the age of 18
  • Should not be a resident of Connecticut or New York
  • Should have an active checking account
  • Must have a stable monthly income
  • Must not have any ongoing bankruptcy proceedings against them

D. Fast Funding

Once a user agrees to the terms and conditions set out in a loan offer, the lender tries to send them the money within the next business day. So, if you’re in urgent need of money, be rest assured that the money will reach your account shortly.

=>Click here to get started with RadCred

#4. CashUSA: Reputed Speedy Cash Lenders For Bad Credit Loans Online



Yet another company that provides borrowers with bad credit loans is CashUSA. If someone needs money to pay off an urgent debt- like medical bills or school fees, then CashUSA can connect them to lenders. Additionally, it offers loans for greater denominations as compared to other sites.

Moving on, the process of filing for a loan is relatively simple. The user first has to fill up an online form based on which lenders make their offers. Different offers with varying modes of payment and interest rates are presented to the borrowers, who then must decide whether they want to go with any of them.

One of the highlights of using a company like CashUSA is that even if suitable loan offers aren’t received, the borrowers can always opt for non-loan alternatives. What’s more, one can avoid the hassle of driving to the bank and queuing up to talk to a banker and get a loan. You simply have to fill up a basic form, and the money will be wired to you very shortly.

According to us, the best part of applying for a loan at a company like CashUSA is that they don’t care about one’s credit score. Instead, they focus on whether one has a regular income and their employment status.


  • Funds are received quickly
  • Provides short and long term loans
  • User information is secure
  • Offers up to $10,000 in loans


  • You may not match with a lender


A. Resources On Website

The owners of the company spoke to many people before starting up the website. As a result, they’re well aware of the challenges of getting a short-term loan.

Thus, the CashUSA website features many blogs and guides that contain information about the credit system, methods of repayment, available interest rates, and the application process. These help the future borrower remain informed and decrease the odds of any mistake.

B. Basic Requirements

Traditional lending institutions like banks require a lengthy screening process before granting a loan. They also have strict eligibility requirements, and many people are unable to clear them. This wastes the borrower’s time and may even worsen their financial trouble.

CashUSA is a game-changer and offers easy loans with minimal inquisitiveness. Only basic information like age, the status of employment, and contact details are solicited. Thus, it’s easy as pie to qualify for a loan if you’re above 18, possess a checking account, and earn at least $1,000 a month.

C. Non-Loan Offers

It could happen that borrowers aren’t able to find interest rates that suit them or that no payment method is compatible with them. For such cases, CashUSA offers alternatives in the form of non-loan offers.

Envision a situation where a borrower intimates the company about their inability to find a suitable lender. In that case, the company gives them a list of non-loan and credit options that they can use instead.

For instance, CashUSA offers debt clearing plans that do not need a loan to be taken. The company gets a small profit by offering these services, and the borrower is at an advantage too.

D. Quick System

When a loan is taken from a bank, one has to register and provide identity proof. However, using CashUSA is free, and you can sit at home and apply for a loan. The entire loan application and approval process is incredibly fast, and CashUSA also ensures that it is free of unnecessary complications.

In addition to this, the loan can come through in as little as 24 hours, depending on the lender. What’s more, the transfer of funds is also instant.

=> Click here to get started with CashUSA

#5. Personal Loans: Popular Installment Loans For Low-Interest Personal Loans



Now that we’re nearing the end of the list, we’d like to recommend Personal Loans, a major provider of bad credit loans. Its website lists accurate and detailed information about the loan application process and helps customers make smart choices. Plus, the company is very customer-centric and offers easy loan options and multiple guides to help understand the system.

One of the resources offered by their website is a detailed explanation of APR. APR refers to the annual percentage rate that allows for the calculation of one’s interest.

After it is established that both the lenders and the borrowers are clear about the terms of the loan, the odds of a miscalculation lessen. The chart representing this is easily understandable and found on the company website. If you require more details about the bad credit personal loan they offer, you can easily reach their customer support service via phone or email.

Apart from this, the user interface of the website is smooth, and even complete novices will be able to find their way around it in no time. Also, there are no hidden terms or clauses, and the makers are entirely transparent about the process.

Lastly, you can also get loans for a large sum of money on this platform. Most websites offer up to $10,000, but Personal Loans has lenders on their platform who are willing to lend up to $35,000 short term. So, if you need money urgently, bad credit Personal Loans will match you to a lender, and the money will be available shortly.


  • Quick approvals
  • Has various lending partners countrywide
  • Larger lending limit of $35,000
  • Allows loan offer comparisons


  • Strict repayment policies


A. Competitive Offers And Interest Rates

The lenders and owners of the company know about the situations that people often have to face and how much toll financial stress can take on a person. Many borrowers don’t have the luxury to wait around for a bank to approve their loan, nor the patience to argue about rates.

Personal Loans has on board many lenders; they offer varying loans. Since there are many of them, competition is fierce, and the rates offered are the best. Because each lender naturally wants to increase their business, they provide loans at competitive rates to the borrowers.

B. Non-Loan Options Available

Though providing bad credit loans to borrowers is its primary business, Personal Loans does more than just that. Some borrowers may not feel like they found a match even after applying for a loan on the site and getting offers from lenders. In this case, the company offers other credit-related programs to ensure that the borrower gets the help they need.

If a customer lets Personal Loans know that no current loan option suits them, then the company shares a list of available alternatives with the customer. These alternatives are usually tie-ups with third-party companies and aren’t directly governed by Personal Loans, so read all terms carefully before signing on.

=> Click here to get started with Personal Loans

#6. Funds Joy: Loans Based On Best Interest Rates



Credit requirements are difficult to maintain, and even a slight slip-up could lead to financial hassles. Because of this, many otherwise financially stable families and individuals get rejected for loans. This can be devastating, especially if the money is needed right away. Here is where Funds Joy swoops in, and with its functional payment system, it helps out thousands of such people.

Apart from being a financial savior, Funds Joy also takes away the tedious job of queuing up to get loan approvals and signatures. Customers can get a loan of up to $5,000, and use it to travel, invest, or tide through losses and bad financial periods.

If you visit the Funds Joy website, you’ll see that many lenders are available online, and they both make and accept offers for loans. They state the interest rates offered by them clearly, and customers can proceed if they’re okay with them. To do so, one must fill up a simple online form that asks for some basic information.

Once this form is submitted, interested lenders put forth their offers. If you vibe with any of them, you can sign the document digitally. Voila! The deal is done, and you will receive the loan amount soon, sometimes even the next day.


  • No registration cost
  • Encrypted and secure website
  • Easy and fast application
  • Various offers from lenders


  • Approval acceptance is not 100%


A. Information Security

Anyone over the age of 18 who is a legal resident of the USA can apply for this loan. You just need to fill in some personal details such as date of birth, income details, place of residence, and your social security number.

However, if you’re worried that this information might be misused somehow, fret not. Funds Joy has stringent measures to prevent any kind of fraud, and the information you provide is only used to get a lender on board. The security system used by the company is state of the art and adheres to the requirements prescribed by US law.

B. Quick Loan Approval

Most people who sign up on a website like Funds Joy are plagued by specific commitments, which push them to apply for quick loans. Thus, the entire loan approval process is relatively easy, and lenders make immediate offers listing their interest rates and terms. In some cases, you may get a response the very next day.

In addition to the above, the process of signing up isn’t tedious either, and only basic information is required. Post filling the form, the profiles of lenders are immediately visible to you, and within 10-15 minutes, you’re all signed up and ready to go.

C. Easy Website Navigation

Many people who need quick and easy loans are probably foraying into this area for the first time. Thus, it might be challenging for beginners to wrap their heads around the process of signing up for a loan website.

The Funds Joy website is straightforward and very easy for beginners to understand. Just click on the large purple button that says “Get Started,” and you’re good to go! Furthermore, there’s also a dedicated FAQ section that helps sort out basic queries. You can find all information related to loan renewal schemes, consequences of non-repayment, and APR here.

=> Click here to get started with Funds Joy

How We Made This List For Online Loans For Bad Credit?

Shortlisting the best companies that provide bad credit loans proved to be harder than we had envisioned. We decided to keep a note of a few basic aspects and use them as guidelines to help identify the best companies. Our review is unbiased but heavily teeters toward a customer’s/borrower’s perspective. The platforms listed above offer the best online loans with bad credit scores.

For starters, we trawled the internet to identify the popular loan companies among people. A preliminary criterion that we kept in mind was to make sure that none of the companies on our list took a bad credit score into account while giving a loan.

Once our list was all drawn up, we read a multitude of customer reviews to glean their individual popularity among the people. Based on that, we delved deeper into their policies, terms and conditions, and ease of operation. Our major focus out of all of the aforementioned was the ease of repayment.

After our detailed examination of company policies, we ended up having to eliminate some candidates with unfavorable ones. This brought the numbers on our list down significantly.

Post this, we checked for the legitimacy of these companies, and after a grueling few hours, we were left with five online loan companies. It is safe to say that all the options on our list offer easy repayment options, have favorable policies, and rave reviews.

  • Assistance for poor credit scores
  • Lender choices
  • Flexible repayment options
  • Secure handling of personal data
  • Customer experience
  • Website simplicity

Buyer’s Guide For Beginners : How to Get Personal Loans For Bad Credit?

Getting a loan is no easy task, and the problem compounds, especially when you have no prior experience. Thanks to online loan companies, a lot of time and effort is saved in taking a loan. Apart from that, they open up the doors to credit for many people who may have been discouraged due to an abysmal credit score.

But with that said, scammers and con men are everywhere, and they especially prey on people who have little knowledge about how financial processes work. Thus, it is imperative that you keep yourself abreast of all the necessary information about getting an online loan.

While there is no hard and fast rule, we think if you consider the following factors, you are likely to get the best possible deal. So, familiarize yourself with the following concepts before you sign on for an online loan.

1. Eligibility Of A Borrower

As you can tell, all the options on our list offer loans and accept applications even if someone has a bad credit score. However, they do need some sort of screening criteria and minimum eligibility requirements. Thus, lenders usually tend to prefer borrowers with a credit score upward of 620.

Though most people who approach online loan companies have differing income to debt ratios, they usually don’t go over 45%. This number is indicative of the income that is earned from other sources by the borrower. For lenders, these are crucial details because the repayment of their loans depends on the borrowers’ capability to pay them back.

So, essentially, borrowers have to reassure the lenders in some way that they’ll pay the loan back in due time. Mostly, regular gainful employment is an indication of that; however, sometimes, prior debt history and borrowers’ savings may be taken into account to determine the capacity to repay the loan.

If that isn’t possible, you can get a loan with the help of a co-signer who acts as a surety. However, they run the risk of repaying the loan in case you default on it, so talk it out with them and discuss things before you go ahead. However, keep in mind that lenders prefer borrowers who bring on a surety and offer them better interest rates.

2. Options For Repayment

In most cases, the terms of the loan are decided by the lender, who fixes an interest rate and method of repayment. The borrower gets a chance to go over the proposed conditions and either assent to them or decline them. Since offering just one method of payment may not appeal to most borrowers, lenders tend to offer many kinds of ways.

Thus, when picking a lender to take a loan from, look at the kinds of payment methods they offer. Out of the many options, you can pick the one that is the most feasible, and the amount will accordingly be deducted from your savings account, salary account, etc. If there is flexibility, then that’s a good sign.

In addition to the above, lenders offer discounts and mailing check options to entice borrowers. So, to sum it up, give due importance to the repayment method suggested by the lender and check to see if it’s compatible with your means. If you go ahead without properly setting this up, it could lead to a default.

3. Kinds Of Interest Rates Available

The interest rates proposed to a borrower may vary through the loan repayment period. For instance, if the lender feels that their investment is risk-free, they may lower the interest rates to entice the borrower further to pay.

Since lenders are also businessmen, after all, they may be hesitant to offer loans if they’re not sure you can pay them back. So, as a borrower, you must be vigilant about the interest rates that are on offer and pick one after duly considering all factors. This is especially important if you have a bad credit score.

Another thing to keep in mind is that if your ability to pay and credit score goes up with time, you can request the lender to reconsider the terms of the loan.

4. Customer Reviews And Success Stories

Reviews and comments left by customers are a surefire way to know about the efficacy of any online service. So, before you get a loan or accept a lenders’ offer, read up about the experiences of people who have previously transacted with that lender. Apart from that, before picking an online loan company, read what people say about it online.

However, try to keep an unbiased approach while reading through the reviews. There’s always going to be a smattering of negative reviews too, but that could be because the borrowers didn’t read the terms carefully. But if someone has pointed out a very obvious flaw in the working of a company, then it may be best to avoid it.

Lastly, the Consumer Financial Protection Bureau has a few reviews about lenders and financial institutions. Give their website a go before assenting to a loan agreement from an online loan company.

5. Miscellaneous Fees And Penalties

Fees and penalties sought to be levied due to any default in the loan payment are among the most important factors to consider before taking a loan. It’s always better to be aware of any additional charges before you sign on rather than after.

There is no hard and fast rule regarding payment of a penalty in case of default, but most lenders have a kind of predetermined agreement if payment is delayed. Some of them are kind enough to offer a grace period for repayment, but many may not do so.

So, if you have an inkling that you may not be able to pay on time this month, inform them of this beforehand and come to an agreement. This may save you late fees later on.

Lastly, lenders have to pay an origination fee for joining the site, and they may exact it from you via the loan agreement. This isn’t a widespread practice, but those that do levy the fee on their borrowers usually charge 1-6% of the total loan amount.

Additionally, lenders may impose a penalty if you repay the loan amount too soon since they will be devoid of the monthly/weekly interest payment that they were receiving before.

FAQs On Bad Credit Loans

1. I’m currently unemployed. Can I still qualify for a bad credit loan?

Credit scores don’t matter to lenders, but they need to know you have the money to pay them back. So, they’ll take a close look at your salary and overall financial wellbeing.

But this being said, they aren’t really concerned with where you get your money from. They only care if the money is coming in regularly. So, even if you’re getting money in the form of alimony, rent, or a pension, they’ll give you a loan, and it’s not important to be a salaried employee.

2. Will my credit score go down after I get a fresh loan?

Much to one’s chagrin, yes, the credit score does go down once a loan is taken. However, this is unavoidable and not permanent. If you make monthly payments toward the repayment of the loan, your credit score will slowly begin to rise. As long as you don’t default on payments, you’re good.

Final Verdict- Which Bad Credit Loan Company Should You Select For Best Interest Rates?

Now that we’re nearing the end of this guide, it’s pretty evident that bad credit loans aren’t possible if one goes the traditional way. However, online loan companies step in to save the day and can get you a loan easily. There are a number of bad credit loan companies out there and their loan products are adjusted to suit people with poor credit histories.

Out of all the websites we listed, two caught our attention. Firstly, we’d recommend MoneyMutual, because it’s really easy to use, and you can get loans even with a bad credit score. The lenders on the site don’t look at much more than your basic information.

And lastly, we’d also suggest Funds Joy because it has good customer support in addition to ease of application. But with that said, all companies on our list are great, and you can pick any of them.

Wishing you a smooth borrowing process!

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