6 Best Bad Credit Loans Guaranteed Approval In Novemeber 2024

Shatakshi Sinha

Credit challenges arise with scores below 629 when seeking lenders for bad credit loans. Lenders hesitate to approve loans due to the higher likelihood of default. Certain providers extend guaranteed approval for bad credit loans below 550.


Theislandnow.com conducted research, evaluating data to curate a list of 6 best bad credit loans guaranteed approval lenders. They offer two types of loans: installment loans and payday loans for poor credit.


We added these companies as they are legit and trustworthy, with many customer reviews, and if you scroll down, you’ll know the complete thesis on how we compared these companies. 

Top 6 Bad Credit Loans Guaranteed Approval In 2023

Overall Best Bad Credit Loans For Guaranteed approval, #1 Pick


24-hour payment guaranteed


Credit Score Required

$200 - $5,000

Loan Amount

Trusted Site For Personal Loans For Bad Credit Guaranteed Approval


Easy lending process


Credit Score

$1,000 - $50,000

Loan Amount

Fast Funding Of Emergency Loan Bad Credit Guaranteed Approval


Simple Requirements


Credit Score


Loan Amount

Safe & Secure Platform For Poor Credit Loans


Instant Approval


Credit Score Required

$100 -$10,000

Loan Amount

#1. MoneyMutual– Overall Best Bad Credit Loans Guaranteed Approval, #1 Pick

MoneyMutual works with lenders that offer loans to borrowers with bad credit. The company is not a direct lender; it works with an extended lender network ready to provide bad credit loans. These loans benefit those who need funds in an emergency but face rejection from most traditional lenders. 


This lending platform provides short-term loans for bad credit. A short-term loan benefits most borrowers as they want to repay it quickly. These loans are also helpful for borrowers with bad credit as they help them build their credit. When the borrowers make timely payments, the lending networks report these activities to three major credit bureaus. It helps in improving the overall credit score.


To apply for a loan at MoneyMutual, you must consider their eligibility criteria. For example, the platform requires you to be at least 18 years or older. In addition, you must be a U.S. citizen and earn at least $800 monthly. Besides that, as a borrower, you should have an active bank account to receive the funds and make payments on the loan.




  • Easy application process
  • Quick funding time
  • Educational resources for borrowers
  • Multiple loan types are available
  • Extended lender network
  • No complex documentation



  • No detailed information on interest rates as they connect you to the lenders

#2. BadCreditLoans–  Trusted Site For Personal Loans For Bad Credit Guaranteed Approval

At BadCreditLoans, the lenders are ready to provide loans for bad credit. Though these are risky loans, the lenders still offer higher interest rates.


The lenders on this platform provide loans of up to $10,000 to people with bad credit scores. The lending network works with reliable lenders that offer quick funds and flexible repayment terms. We always recommend such lending networks to our readers because they are the most reliable. 


Applying for a loan at BadCreditLoans is easy; it is a three-step process. First, a convenient online form requires you to provide your details. Then, within a minute, the platform will forward your loan request to suitable lenders, and you’ll get an offer. Of course, you may choose to work with a lender that is the most suitable lender according to your requirements.




  • Compare rates from different lenders
  • Choose your own repayment term
  • Different types of lenders
  • Loans up to $10,000



  • High-interest rates
  • Low amounts for bad credit users

#3.FundsJoy – Recommended Site For Emergency Loan Bad Credit Guaranteed Approval



FundsJoy, an established online platform, links individuals with lenders through various loan choices, such as personal loans for bad credit, and payday loans.


Financial help is easily accessible to a wide range of individuals through their quick fund transfers and easy application process. They take into account all credit scores.


Amount: You can get CashAdvance up to $5000.


APR (Annual Percentage Rate): The interest rate you will receive will depend on factors such as your credit rating, loan amount, and loan term.


Minimum Credit Score And Approval: FundsJoy welcomes individuals of all credit scores, as they firmly believe in extending financial assistance without considering their credit history.


Their vast network of lenders includes those who specialize in lending to individuals with poor credit, increasing chances of approval.




  • Quick and easy application
  • Connects you with great lenders
  • All types of loans are available
  • Encrypted interface
  • Their educational series helps in building the credit score


  • A lot of applications gets rejected due to low credit score
  • They reject you if they feel you’ll pay more than 100% APR (Kind of a pro, but far from a guaranteed approval loan)

#4. PersonalLoans– Fast Funding Of Bad Credit Personal Loans Guaranteed Approval

PersonalLoans allow you to get loans up to $35,000. It is a safe and secure platform enabling people with bad credit scores to get loans at reasonable rates. However, the platform has specific eligibility requirements which you must consider before applying.


For example, there are age, status, and residency requirements. Besides, you must have a regular income through self-employment or full-time employment. A valid bank account is also a must for applying for a loan.


On this platform, you can request loans of up to $35,000. It is a significant amount, and you can use it to cover large expenses. For instance, if you must renovate your home or make home improvements. There are loans for all occasions; you can also request small loans. The minimum amount of loan is $1000 on this platform.




  • Best for big loan amounts
  • Fast funding
  • Free service
  • Loans for all occasions
  • Educational resources
  • Competitive rates



  • Not available in all U.S. states

#5. CashUSA– Safe & Secure Platform For Guaranteed Approval Loans

CashUSA has been in the lending industry for more than two decades. The platform serves as a medium for lenders and borrowers to connect. On this platform, you can apply for loans up to $10,000. So whether you need to repair your home or car, pay a medical bill, or go on a vacation, you can request any loan on this platform. 


The platform works with lenders that offer loans for bad credit. The amount of loan provided also depends on the lender and the borrower. For example, borrowers with a good credit score, good employment status, and a regular income will get more favorable rates and terms. On the other hand, if you have a bad credit score, but your income is steady and stable, you can still get reasonable rates and terms on loan.




  • Quick service
  • A variety of lenders are available
  • Safe and secure platform
  • Soft credit check
  • Instant fund deposit
  • Easy application



  • Not many positive reviews
  • Outdated website

#6.  1F CashAdvance– Online Lending Platform Providing Loans With Guaranteed Approval



1F CashAdvance offers straightforward loan pricing, a transparent process, and no hidden fees or unnecessary overhead to help people get out of the debt cycle. 


The fast and reliable responses, easy application, and quick deposit make the whole process simple and easy.


So if you need a Fast payday loan, bad credit loan, installment loan for bad credit, or emergency loan, 1F CashAdvance can be an asset.


Amount: Borrowers can access loans up to $5,000 with the flexibility to meet their immediate financial needs.


APR (Annual Percentage Rate): APRs may vary depending on the loan amount and repayment terms.


Minimum Credit Score And Approval: Even if your credit score is less than ideal, you can still apply for a loan from 1F CashAdvance. With 1F CashAdvance, customers can have an efficient loan process and a fast approval time.




  • User-friendly website
  • Loans for all occasions
  • Quick support
  • Educational resources
  • Useful packages


  • High rates for bad credit

How We Made This List Of Top 6 Bad Credit Loans Guaranteed Approval?

To review the best bad credit loan providers, we wanted to ensure that the lenders we examined are legit and reliable.


Many bad credit loan providers charge extra-ordinarily high-interest rates to reduce the risk of lending to people with bad credit. However, being a bad credit lender doesn’t mean they can charge you outrageously high rates.


We read thousands of customer reviews to determine more about the reliability and performance of a lending network. There are a few factors that we consider before choosing the best ones.


For instance, we compared various brand’s funding times, the loan application process, and interest charges. After reviewing dozens of loan providers, we checked only six of them.

What We Looked For:

We looked for a few factors to choose the best bad credit loans. These factors are as follows:

For us, brand image is essential. Any brand with a negative image is something we always want to avoid. To determine the reliability of a brand, we read its customer reviews. We have chosen only those bad credit loan-providing networks with a majority of positive customer reviews. These platforms have a majority of satisfied customers because they care for them.

One thing the borrowers face difficulty with applying for loans is the application process. Some platforms have a lengthy and complex application process, making it difficult for borrowers to apply for loans. Thus, we considered lending networks that have a simple 3-step application process.

Another important factor is the funding time. When borrowers apply for a bad credit loan, they may have already tried other ways to meet their financial emergency and have chosen the loan as the last option. These people apply for loans as they have no other option left and need funds immediately to meet their emergencies. We have chosen lending networks with quick funding times to help needy people.

Generally, the interest rates and Annual Percentage Rate (APR) are high for lousy credit loans. Lenders want to minimize their lending risk to a high-risk borrower. People with bad credit are high-risk borrowers. Thus, these lenders charge high-interest rates, which makes the loans more expensive. In this post, we have reviewed bad credit loan providers that don’t charge outrageously high rates to people with bad credit.

Factors To Consider Before Choosing Lenders For Bad Credit Loans Guaranteed Approval

If you choose a bad credit loan “guaranteed approval” provider, you must consider a few factors.


These factors will help you determine whether a lender is legit for you. There are many loan providers and networks on the internet, but not all are genuine.


 If you have bad credit, it doesn’t mean you should settle for very high-interest rates. You can still get better rates and terms if you research online loans. To choose the best bad credit loan provider, consider the following factors:

Eligibility Requirements

Before applying for a bad credit loan, you must consider the eligibility criteria. This will help you save time. Different lenders have different eligibility criteria that the borrower must go through before investing their time in a lending network.


For example, the lender might require a high stable income from the borrower. Though most lenders require around $800 to $1000 monthly income, some might require higher than that. 


Besides that, other requirements include the minimum credit score and maximum debt-to-income ratio, which the borrower must consider before applying. 

Loan Amounts

The loan amounts offered by lending networks vary from lender to lender. If you need a considerable loan, you must find a lender ready to provide the exact amount.

For example, lenders may give a loan of up to $5000 to a borrower with bad credit. If you need a loan amount higher than that, consider another lender.


This post has picked loan providers that offer varying loan amounts. For example, lenders offer personal loans up to $5000, while others can provide up to $10,000. Thus, it is essential to consider the minimum and maximum loan amounts before choosing a lender.

Repayment Terms

Repayment terms mean the amount of time the lender requires from the borrower to repay the loan. Some lenders require a short repayment term, which means that the borrower has to pay back the loan in a short time. Repaying the loan is beneficial if you have a regular steady income. Still, the interest rate is higher because the lender wants to collect more interest quickly from the borrower.


On the other hand, long repayment terms are used to finance major purchases. With a long repayment term, the monthly payments are small because the borrower repays the loan amount over a long period.

Interest Rate and Fees

Lenders use different criteria and methods to calculate the interest rates they offer borrowers. Therefore, it is essential to get quotes from various lenders and compare them to choose the one that provides the most reasonable interest rate and fees. The interest rate for people with bad credit is higher than for those with good credit. Lenders charge high-interest rates because there is a risk of default from the borrower’s side. 


A bad credit borrower has missed or made late payments with their previous lenders. Chances are that these borrowers have already taken multiple loans that they have to pay. Thus, lenders consider them high-risk borrowers.

Customer Experience

It is crucial to read customer reviews before choosing a lending network. In this post, we have chosen lending networks with a majority of positive reviews showing that most customers are satisfied. Lending networks with the most negative reviews and unsatisfied customers indicate their performance is not up to the mark.


Even if these lenders don’t charge very high-interest rates, other services might create trouble for the borrowers if they have negative reviews.

Type of Loans

Bad credit borrowers have many choices when it comes to choosing loans. There are personal loans, secured and unsecured loans, online loans, payday loans, and debt consolidation loans. A payday loan has a short repayment time, mostly two weeks, in which the borrower has to repay the loan amount.


These loans are helpful for people looking for payday loans for bad credit as they help them to improve their credit quickly. A personal loan is a broad category that comprises different types of loans that individuals can use to meet their requirements. 

FAQs About Bad Credit Loans Guaranteed Approval

Secured, co-signed, and joint loans are the easiest loans to be approved for with bad credit since you may utilize the collateral or the creditworthiness of another person to make up for your poor credit score. Although they are simple to obtain, payday loans, pawnshop loans, and auto title loans are also very expensive.

MoneyMutual and Badcreditloans offer the best personal loans for those with credit scores under 500. When you apply for a loan with one of these businesses, which specialize in lending to those with bad credit, not even a credit check will be performed.

Conclusion: Which Loan Company Is easiest To Get With Bad Credit?

If you find yourself feeling disappointed and discouraged after facing rejection from traditional lenders, especially when you’re in urgent need of a loan, there’s still hope! This post is here to offer you a lifeline by providing valuable information and a range of options.



We’ve partnered with reputable lending networks that specialize in bad credit loans such as Money Mutual, catering to those who have been turned away by other lenders.



Now, your credit history doesn’t have to stand in the way of accessing the financial support you require. Take solace in knowing that we’ve compiled a comprehensive guide to help you make an informed decision from the assortment of bad credit loans available to you. Choose wisely and regain control of your financial situation with our guaranteed approval bad credit loans.

About the author

Shatakshi Sinha

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