A bad credit score may not prevent you from getting a personal loan. The lenders on this community provide loans for bad credit. Compare multiple offers to choose the best one.

Best Bad Credit Loans of June 2023

Bad credit loans are available for consumers with low credit scores (generally from 550 to 629). If that's you, you may qualify for a personal loan from a lender that tailors its loans for bad-credit borrowers. These lenders often provide a simple application process and fast funding.

The online lenders listed here accept borrowers with bad credit or thin credit histories and can fund a loan within a day or two of approval.

Best Bad Credit Loans

• Planbloan.com Best for Overall bad credit loans
• Yourpayday.com Best for Thin credit
• Lendplans.com Best for Fast funding
• FundsJoy.com Best for Credit-building tools

• Indylend.com Best for Low credit scores

  Can you get a personal loan with bad credit?

Bad credit may not automatically disqualify you from getting a personal loan, but you’re likely to get a higher rate.

Keep in mind that while credit is a top factor in determining your eligibility and rate, it’s not the only one lenders consider on an application.

What is a bad credit score?

A bad credit score is generally from 300 to 629, but individual lenders may define bad credit differently. Many lenders use the credit scoring company FICO, which defines poor credit as below 580. Some lenders use FICO’s competitor, Vantage Score, which puts “subprime” scores between 300 and 600.

Bad-credit loans are intended for borrowers with scores on the high end of “bad” (think 560 and up). The lowest scores (below 500) are unlikely to qualify. /Best Bad Credit Loans of June 2023 /Payday loans