Reviews: 2021 Edition

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If you are in desperate need of a loan and your bad credit past has come back to haunt you, you might need an alternative to a traditional loan.

Not just that — chances are that most personal lending platforms won’t offer you good terms.

But there is one that can –

As evidenced by many reviews, this delivers exactly what the name says – bad credit loans.

They are able to offer:

  • A maximum loan amount of $10,000
  • Interest rates ranging between 5.99% and 35.99%
  • Loan amount term repayment in 3 to 72 months
  • Receive offers from an extensive network of lenders
  • Apply for a loan for free.

If this is something that sounds tempting for you and you are having trouble with your credit and applying elsewhere, it is time to give BadCreditLoans a go.

Let’s check out what they offer.

Bad Credit Loans Logo

Editorial Rating


  • Plenty of potential lenders: BadCreditLoans is one of many marketplace platforms that offer a large base of lenders to their customers. It results in more options for personal loans to borrowers.
  • Free to use: The platform doesn’t charge anything. All fees, if there are any, are charged by the lenders.
  • Complete disclosure: The platform states all contact information publicly, which not a lot of sites that offer bad credit loans do. It is more than suitable for credible loan consolidation.
  • Flexible loan terms: The loan duration is long enough to provide flexibility, meaning there’s a smaller chance you’ll have to face the implications of non-payment.
  • Benefits for people with good credit: The platform’s personal loans for good credit offer higher loan amounts and lower interest rates.
  • Ways to improve your credit score: As long as you make your payments on time, even with a bad score, lenders will give you an opportunity to improve it with time as well as cut your monthly payments.


  • Not a direct lender: You are not going to be working with BadCreditLoans directly and will only be offered an opportunity to contact other lenders.
  • Small loan amounts: BadCreditLoans is not able to offer a broad loan range nor the high loan amounts of Monevo Loans and Loans Under 36. A minimum credit score of 500 will allow you to borrow a maximum amount of $1,000.
  • A lot of personal information: To apply for a loan with BadCreditLoans, you will be disclosing a lot of personal information that you might not want to.
  • A high maximum interest rate: The interest rate goes as high as 35.99% APR, however, this is a typical percentage that comes with platforms that offer bad credit loans. Recap

Loan Amounts

$500 - $10,000

Loan Term

3 to 72 months

APR Range

5.99% - 35.99%

Min. Credit Score



No origination fee

Funding Time


Founded in


BBB Rating

F (not accredited)

Min. Revenue

Not specified (but steady stream of income required)


United States

What is is a loan aggregator that connects borrowers, usually in desperate need to borrow money, with lenders, who are willing to lend money and offer unsecured loans for bad credit. BadCreditLoans is a free market place and is not a direct lender. Instead, they act as a service that will provide individuals with multiple loan offers from various reputable partner lenders after filling in a questionnaire. Borrowers can then view loan offers and decide to go with the one that suits them the most.

The rates and terms may not be the most attractive on the market. That is just it! They provide personal loans for bad credit to people that can’t get a loan elsewhere.

BadCreditLoans was founded way back in 1998. The company operates from Tacoma, Washington, but the website is operated by Nevada-based Chief LLC.

The network of lenders found on BadCreditLoans is large, but the exact number is not given. In addition to loans, the site is able to provide certain credit-related resources. It includes detailed explanations of the types of personal loans, as well as business loans, mortgage loans, student loans auto loans, etc.

Additionally, the site features information about loan scams. It is an excellent way of educating consumers so they can avoid them.

Who is for?


The BadCreditLoans personal loans are good for people that need money fast, as well as for those who can’t meet the requirements for a traditional loan. The site is specifically aimed at people who need bad credit loans, so people with bad credit score, along with those without a steady stream of income, can benefit from using this site.

It is not that they offer improved interest rates as opposed to other places — they are just able to connect you with the people who can. Our lending platform review shows that once you apply you will have various lending options to choose from. You can compare them and see which one is the most suitable for you before entering into a loan agreement.

Primarily, Bad Credit Loans offers personal loans as their main service. Borrowers are able to ask emergency funding for different purposes of a loan. Like for instance:

  • Home Loans
  • Auto Loans
  • Student Loans
  • Business Loans
  • Mortgage Loans

Basically speaking, you can use the loan for practically anything. It can provide an option for student loan refinancing, or a way to deal with your medical expenses.

Getting Started with

To apply for a loan with BadCreditLoans online, you naturally need to visit their website. The process of finding a suitable lender takes three steps, starting with applying.

How does BadCreditLoans work?

What you should keep in mind is that BadCreditLoans isn’t a direct lender. As such, it just enables you to view and compare various lenders’ offers after you’ve applied for a loan. Thus, the platform can’t guarantee the exact loan amount or be responsible for any additional charges, fees, or rates.


Find your rate

To create your BadCreditLoans account, you have to fill out a free application. The process takes three steps.

First, you need to choose the loan amount, state your estimated level of credit, and reason for the loan. You also need to give some personal information, including your name, date of birth, and whether you are an active military member.

The next step requires you to add your contact and employment information. This includes the frequency of your pay, the duration of your employment, your gross monthly income, and your employer’s contact information.

The third part of applying for an online personal loan is adding your bank details. This includes your account number, your routing number, and how long you have been with the bank.

At this stage, BadCreditLoans will perform a soft check on your finances, without any potential impact to credit score. You can qualify for a loan without having to worry about it affecting your final credit score and without any financial implications.

Compare your options

You will then receive multiple loan offers from large authorized lenders. Keep in mind that this isn’t the final step and approval is not guaranteed. That said, as long as you have provided accurate information in the previous step, you have very good chances since the final rates shouldn’t differ greatly from the pre-qualifying rates.

The best thing about this part is not only that you are able to get pre-qualifying offers from the best available lenders, but also, to pick and choose the one that you feel the most comfortable with. Viewing all the options on your own time is the best way to borrow money, and the site also offers the best comparison tool for you to do that.

Apply for a loan

According to our personal loans review, this is the final step of you actually getting the funds that you require. Once you have found the right lenders, it is time to apply for personal loan services.

After you have decided to go with a specific lender you will have to provide additional information. Don’t think that this part doesn’t require a credit check. The lender will need to assess your exact credit score in this part and will perform a hard check on your finances.

Once this is complete, the lender will work with you directly, enabling you to borrow money online instantly.

Terms & Requirements

When applying for a loan at BadCreditLoans there are still certain requirements that you have to meet.

Qualifications to apply include:

  • You must be at least 18-years old.
  • Borrowers in the United States are only eligible and have to provide proof with a social security number or permanent residence.
  • You must have a steady stream of income. This includes full-time employment, self-employment, social security, or disability benefits.
  • Loan requirements also include having a checking account in your name.
  • Provide contact information for your home and work.
  • A valid e-mail address.
  • A minimum FICO score of 500

To get approved loans you will also need to offer some personal information for applying.

The initial data that you need to submit includes:

  • Name
  • Date of birth
  • Credit type
  • How much you want to borrow
  • What you want to use the money for.

User Reviews

Analyzing reviews, we saw that users predominantly praise the platform. Consumers appreciate how easy and user-friendly it is, and the quick way the support team is able to resolve issues.

Many clients also mentioned the speed, which is essential for getting quick money loans.

Besides being one of the best places to get a personal loan it also allows people with horrible credit to borrow money online.


Before you apply for a loan with BadCreditLoans, it would be wise to become familiar with its most important features, as well as who to turn to if you come across any problems.

Rates & Fees

The BadCreditLoans website doesn’t charge any fees. None of the lenders charge an application fee either, meaning it’s free to try for a loan, and you will get a list of potential lenders in minutes.

Most of the fees and interest rates are set by lenders. The site indicates that the estimated annual percentage rate of the loan goes between 5.99% and 35.99%. People with poor credit will get a higher interest rate as opposed to the ones that have a better credit score.

Some lenders charge an origination fee that goes between 1% and 8% of the loan amount.

The minimum loan amount is $1,000 and can go all the way to $10,000.

The late payment fees also depend on the lender’s terms as well as prepayment penalties.

The loan term can be anywhere from 3 months to 72 months.

The best advice would be to carefully assess the situation as each individual lender sets their own. Compare them with your loan requirements and go with the one that is the most fitting.

Privacy & Security

To ensure responsible lending, BadCreditLoans needs to make sure that all safety protocols are met. Borrowers are disclosing a whole lot of personal information to an unknown number of lenders. The site ensures that all measures of keeping the data safe are taken. They utilize advanced encryption technology to protect the info collected.

Customer Support

All reviews suggest that reaching the support team is easy. It can be done by calling them directly over the phone or sending them an email.

Both ways are equally reliable and you will get a quick answer. The team offers full disclosure and will be happy to explain everything that you need to know.

Following your loan approval, however, you might need to ask the lender directly. BadCreditLoans’ support team is only available for issues that are related to your application. For everything loan-related, borrowers will have to contact the lender that has approved their loan directly.

Final Verdict

BadCreditLoans is certainly not an ideal way to get funds but it does provide a way of getting quick loans in desperate times. We were able to determine that the platform does not really offer high loan amounts nor does it offer a favorable interest rate.

It is a platform that caters to people with bad credit. So the rates offered are still much better than using some other means of lending funds. It does good work with the tools at their disposal. If you are in desperate need of funds, the site will enable you to get some.

It is one of the top loan connection companies that grant users with a variety of options, and it gives you the chance to improve your credit score. If you pay all of your installment loans on time, you will be adding a positive credit rating to your credit report. The result – an improved overall credit score.

Bad Credit Loans Logo

Editorial Rating


Is legit?

BadCreditLoans is a legitimate lending platform. It offers an opportunity for people with bad credit scores to get funded quickly. It is also a good alternative for traditional lending which offers unfavorable rates.

Can I get a loan from BadCreditLoans if I have a very poor credit score?

BadCreditLoans is specifically aimed at helping people that have a bad credit score. The collection practices are also more than favorable to borrowers and if they are able to return the money on time they will even improve their bad credit score.

What’s the easiest loan to get with bad credit?

The type of loan that you want to get depends on your credit score and the lenders you will get matched with. Personal loans are the most basic but you can also compare student loans and try to get the best offer possible. But essentially, no individual loan is hard nor easy to get as it depends on various factors.

What does BadCreditLoans do?

BadCreditLoans is not a peer-to-peer lending site. Instead, it is a loan aggregator that connects borrowers with individual lenders. The site does not set the rates nor the fees for loan transactions; it only connects people in need of a loan with credible lenders. It also provides multiple options for borrowers as it will connect them with large base lenders. That way people can view and assess their options before making the final decision.

Is BadCreditLoans good for personal loans?

BadCreditLoans primarily offers personal loans that people can then use for whatever they want. People can use loans for various purposes after obtaining the funds they need.

Does BadCreditLoans verify income?

BadCreditLoans requires a lot of information to match you well with a suitable lender. One of the things they need is verifying your income to ensure that the best match is found. The site itself is not going to do a hard check on your finances, but the lenders you are matched with might perform one to better assess your finances. Bad Credit Loans is one of the best personal loan companies for people with bad credit and are in need of money quickly. In addition to ours, we encourage you to read more reviews to help you better understand how the platform works and hopefully aid in your search for a suitable lending platform. You can also check SpendMeNot for more lending site reviews to find the best option for your needs.