Best Reviews TopConsumerReviews.com Bad Credit Loans Best Reviews
Best Reviews
      August 3, 2020

Home  >  Bad Credit Loans

Best Bad

Credit Loans

  1. OneMain Financial
  2. LendingClub
  3. LendingTree
  4. Avant
  5. Personal Loans
  6. Bad Credit Loans

Your Information Is Secure
Personal Loan Tips Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!

Latest Reviews

Auto Loans

Babysitters

Christmas Cards

Credit Counseling

DUI Lawyers

Fruit Clubs

Home Brew Beer Supplies

Homeschool Supplies

Music Publishing

Senior Care

 

Individual Reviews

Upstart

OneMain Financial

Lending Club

Lending Tree

Avant

Personal Loans

Bad Credit Loans

 

 

 

 

 

Get Your Next Gift Basket at Gift Tree Today!

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Best Bad Credit Loans Better Business Bureau Reliability Seal

Best Personal Loans

If you have poor credit, where's the best place to get a bad credit loan? With so much economic turmoil, there's never been a time where bad credit loans have been more in demand. No matter what caused your credit score to be below 600 - the typical threshold for a "bad" credit rating - you're far from alone.

Out of approximately 230 million Americans who qualify for a credit score, almost 70 million have poor credit. Some of the most common reasons for low credit scores are expected financial hardships (like job loss or medical expenses), not using credit responsibly, or simply being unaware of the factors that contribute to having a healthy credit history.

Continue reading below reviews

Best Reviews


2020

Bad Credit Loan Reviews

5 stars
Upstart

UPSTARTTopConsumerReviews.com Best-In-Class Blue Ribbon Award

Upstart knows there's more to you than your credit score. If you have a bad credit record - or no credit history at all - this lender looks beyond that to your education, work history and earning potential to see your complete financial picture. Most approved loans are funded within a day, and thousands of customers rave about how easy the entire process is. When it comes to bad credit loans, Upwork provides the funding that real people need.

Read Full Review Visit Site
4.5 stars
OneMain Financial

ONEMAIN FINANCIAL

OneMain Financial takes more than a hundred years of experience in the financial services industry and puts it to work for customers needing a bad credit loan. As one of the most transparent lenders on the market, you'll know exactly what to expect when it comes to fees, interest rates, and repayment terms. You may need to use your vehicle as collateral if you're looking for a large loan amount, but this company can be trusted to handle your situation with professionalism and expertise.

Read Full Review Visit Site
3.5 stars
Lending Club

LENDING CLUB

Unlike most bank-funded bad credit loans, LendingClub works through peer-to-peer investing - over $50 billion to date! That means that your money might not be available as quickly (possibly up to 4 days to be deposited). Plus, you may need to add a co-applicant to qualify for a bad credit loan; the better your credit score, the lower your fees and interest rate. While LendingClub has 5-star reviews from tens of thousands of customers, a change from an "A" to "No Rating" from the Better Business Bureau could indicate that this company's reputation is taking a hit. We think LendingClub is a good option, but we recommend keeping an eye on the fine print and any updates the BBB offers.

Read Full Review Visit Site
3.5 stars
Lending Tree

LENDING TREE

LendingTree has a great reputation as a referral service that connects people with a wide variety of lenders. The service is easy and free to use, and thereís no hit to your credit score when you use it to find a loan. However, LendingTree offers few options for bad credit loans, because their statistics donít show any lending happening for people with scores lower than 640. While this service is a solid option for many consumers, it's still worth a look for borrowers whose credit scroes are less than ideal.

Read Full Review Visit Site
3 stars
Avant

AVANT

Avant prioritizes lending to middle-income customers and has made over $6 billion in loans since 2012. Thousands of customers say that this lender is fast, fair and reliable when it comes to bad credit loans. However, charges were brought against Avant by the FTC in 2019, including issues with not crediting customer accounts for repayments and overcharging them multiple times. We think Avant has great things to offer, but we'll need to see them continue to rebuild their reputation if they want to move up in the rankings.

Read Full Review Visit Site
1.5 stars
Personal Loans

PERSONAL LOANS

Personal Loans advertises that it connects lenders with borrowers, even those with bad credit. Unfortunately, this site is basically a repackaging of our lowest-ranked source of bad credit loans, which means that you'll probably get lots of telemarketer calls and spammy mail and not much in the way of the money you need.

Read Full Review Visit Site
1 star
Bad Credit Loans

BAD CREDIT LOANS

Bad Credit Loans is sketchy at best. While there are several resources that work as a referral service to connect prospective borrowers with lenders, this one seems to serve only as a means of providing your information to an endless array of spam marketers. Even the BBB gives Bad Credit Loans an "F" rating, solidifying our ranking of the company as our least recommended provider of loans for people with poor credit scores.

Read Full Review Visit Site

Continued from above

Unfortunately, getting a loan when you have bad credit can be a paradox: in order to qualify for the best loans, you need a good credit history. But, to establish a good credit history, you often need to have demonstrated that you are responsible with credit - by making on-time payments, not overutilizing the credit you've been extended, and so on. On the other hand, without a loan to pay off debts and handle current financial demands, you could find yourself even deeper in the hole as calls from collection agencies start coming in and the pressure mounts.

Does this sound familiar? If so, take a deep breath and recognize that there's hope - because there are providers out there who offer loans to people with bad credit. And no, you won't have to sign away your life to qualify, though you should be aware that the terms will probably not be as favorable as those offered to people with high credit scores. That's only fair, as the lenders are taking on more risk when they give money to people with a less-than-sterling track record.

How can you tell which lender to use for your bad credit loan? That's an excellent question to ask. After all, you want to be sure that any loan you accept is going to help you get back on your feet financially, with terms you can actually meet. Here are several criteria that can help you choose the right lending partner for your situation:

  • Reputation. With something as major as a loan, you want a provider that has already established itself as being trustworthy, reliable, and fair. What do other people say about their experiences borrowing from this lender? Has the company been rated by the BBB?
  • Transparency. Shady lenders hide everything in the fine print, like high interest rates and penalties for early repayment. You want to choose a lender that makes their terms as clear as possible before you sign on the dotted line. While the terms of your particular bad credit loan will probably be determined during your application process, the most transparent lenders will provide estimates of their fees and average APR, to give you an idea before you start providing your personal details.
  • Usability. Applying for a bad credit loan could be a little nerve-wracking, and a hard-to-use website doesn't make things easier. Choose a lender that makes it as simple and fast as possible to complete your application and receive your funds.

TopConsumerReviews.com has reviewed and ranked the best bad credit loan providers available today. We hope this information helps you to quickly get the money you need, with terms that are fair and affordable, so that you can get back on your feet financially!

Bad Credit? Here Are Some Easy Steps to Boost Your Score

If your credit isn't stellar at the moment - a score below 670 is defined by Experian as fair, and anything beneath 580 is very poor - here are some important steps to take to boost your score. 1. Pay ...

Published:  Sat, 01 Aug 2020 06:00:57 GMT



HSBC boosts bad loan provisions, sees second quarter profit plunge as coronavirus crushes global business activity

HSBC warned it could take provisions of up to US$13 billion for expected credit losses this year as coronavirus pandemic weighed on economic activity.

Published:  Mon, 03 Aug 2020 02:28:00 GMT



Getting a $5,000 loan with bad credit

You have actually restricted choices when searching for a $5,000 loan with bad credit. Frequently, short-term loans are your most readily useful bet. While these can be fast, they're also expensive.

Published:  Thu, 30 Jul 2020 22:14:00 GMT



Can You Get a Mortgage With Bad Credit? Yes, But It'll Cost You

Getting a mortgage with bad credit is harder than it has been in the past and you'll get stuck with higher interest rates.

Published:  Tue, 28 Jul 2020 14:36:00 GMT



Online Installment Loans for Bad Credit

Unlike payday loans for bad credit, installment loans for bad credit can be more affordable and less risky. Surprisingly, some creditors offer installment loans without conducting a thorough credit ...

Published:  Thu, 30 Jul 2020 07:12:00 GMT



Coronavirus hits Gulf banks in Q2 but full impact of bad loans looms

Most Gulf banks' profits plunged in the second quarter after a spike in impairment charges for expected credit losses, as regional economies reel from the double blow of low oil prices and the ...

Published:  Tue, 28 Jul 2020 07:12:00 GMT



Fast Bad Credit Loans in California announces quick loan processes

There are so many bad credit companies these days it is impossible to know which one is right for you. At Fast Bad Credit Loans, we have created our ...

Published:  Fri, 24 Jul 2020 19:14:00 GMT



Getting a Texas Title Loan With Bad Credit

Getting a Texas Title Loan With Bad Credit Bad Credit Title Loans in Texas Developing a long credit score and keeping a beneficial credit history may be critical when obtaining insurance coverage, ...

Published:  Thu, 23 Jul 2020 22:48:00 GMT



Japan's Biggest Banks May Stave Off Bad Loan Surge, for Now

Japanese banks face sharply higher bad loan costs due to the pandemic, but the damage is unlikely to show through in first-quarter earnings reports.The three largest lenders have already forecast ...

Published:  Mon, 27 Jul 2020 13:56:00 GMT



Our Latest Reviews

Auto Loans

Auto Loans

Babysitters

Babysitters

Christmas Cards

Christmas Cards

Credit Counseling

Credit Counseling

DUI Lawyers

DUI Lawyers

Fruit Clubs

Fruit Clubs

Home Brew Beer Supplies

Home Brew Beer Supplies

Homeschool Supplies

Homeschool Supplies

Music Publishing

Music Publishing

Senior Care

Senior Care

Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure