Unexpected expenses sometimes come up, and people can’t always manage them. You can plan for recurring expenses like back-to-school shopping or furnace maintenance, but things can happen out of the blue and leave us stuck. For example, your car might suddenly break down, or your fridge or stove might stop working. These can be big expenses that many people don’t have the cash on hand to cover. So where can you find the best emergency loans for bad credit?

Emergencies happen, regardless of your credit score. If you need an emergency loan for bad credit, there may be lenders that can help. As a bad credit borrower you may be subject to higher interest rates and fees. Check offers to see what emergency loans you qualify for.

/Borrowers will find many lenders offering emergency loans for bad credit, and this guide can help you find the most affordable and safe options to cover unexpected expenses.

Best Emergency Loans

• Your Faster Payday: Overall Best for Payday Loans Online Same Day Up to $5000 for All Kinds of Borrowers
• Plan B Loan: Best for No Credit Check Loans Same Day Alternatives for Bad Credit Borrowers
• USA New Loan: Best for Same Day Loans Online with Interest Starting at 5.99%
• Lend Plans: Best for Emergency Same Day Loans for Self-Employed Borrowers and Freelancers

• Your Payday: Best for Quick Loans Same Day as Low as $100 with 2-Minute Approval

  Emergency Loan Alternatives to Consider

Make sure you explore alternatives to an emergency loan before you apply for one. An emergency loan isn't the only solution when you're financially stressed and you need cash quickly for an unexpected expense. Some other options:

• Use a credit card. But carrying a balance could make credit cards a more expensive choice than an emergency loan unless the charge is small enough to be paid off relatively quickly.
• Ask for a paycheck advance. Your employer might be able to pay you ahead of schedule to help you through a difficult time.
• Borrow from insurance or retirement. Most retirement plans and some life insurance policies allow you to borrow from your account. But you can face tax penalties for early withdrawals from a retirement account, and you are depleting the funds you have to live on later and distribute to beneficiaries.
• Ask for help from friends or family members. Make sure everyone is clear about the terms to avoid strained relationships.
• Reduce your medical bills. If you can't afford to pay a big bill upfront, reach out to the medical office and explain that you're in a bind. The hospital or facility may be able to put you on a payment plan or reduce your payments.
• Ask about hardship programs. If you're struggling to pay a loan or other bill, the lender may offer a forbearance program. The pause in payments may allow you to cover your emergency expense.

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