BadCreditLoans.com is not a direct lender. Instead, it connects low credit borrowers with lenders who are willing to make small, short-term loans.

Each offer’s rates and terms are entirely different since each lender itself is entirely different.

However, one thing they all have in common is that each one complies with the Truth in Lending Act, so you have all of the loan terms available to review before accepting anything.

Most of the loans have a low maximum amount you’re allowed to borrow and BadCreditLoans.com stresses that they are meant to be short-term financial solutions as opposed to long-term ones.

The company also recommends using the loan funds only for financial emergencies, and not personal purchases like a television or vacation.

BadCreditLoans.com Personal Loans

Lenders in the BadCreditLoans.com network provide small loans ranging between $500 and $5,000. Despite being small loans, the APRs can go from 5.99% to 35.99%.

Repayment terms are also relatively short, starting as small as three months all the way up to 60 months. All loans made through the website are unsecured loans.

You won’t have to put up any type of collateral to get a loan, such as your car or home. This is a much safer alternative to bad credit options such as title loans because you don’t run the risk of losing your personal property in case you default on your payments.

Loan AmountInterest RateLoan TermTurn Around TimeApplication Fee
$500 to $5,0005.99% - 35.99%3 to 60 MonthsVaries based on lender$0

Borrower Profile

There are few requirements for Bad Credit Loans, but the ones they do have are non-negotiable. All personal loan applicants must be at least 18 years old and a legal citizen of the U.S.

There are no minimum credit requirements to request a loan through the website and as the website’s name implies, they cater specifically to people with really bad credit.

Even when you have poor credit, you could still be approved for a loan up to $1,000 at BadCreditLoans.com; however, you probably couldn’t get more than that amount until you increase your score.

Finally, you must also have a regular income, whether it’s from a job, self-employment, disability, or Social Security benefits.

Loan Process

There is no fee to request a loan through BadCreditLoans.com and the process is quite simple. First, you’ll be asked some basic information, like your email address, phone number, and your bank account for transferring the funds. From there, BadCreditLoans.com tries to connect you with a lender.

If a connection occurs, your information is verified and your loan request is reviewed in greater detail. Lenders may check your credit with one or more credit bureaus, which can impact your credit score. It’s unclear how many lenders may check your score since your information is forwarded to several companies.

Once your credit information is verified, you could receive a loan offer. You then have the opportunity to review all of the details, including interest rates, fees, and terms before deciding whether or not to accept the loan.

You’re never under any obligation and Bad Credit Loans discourages anyone from taking out a personal loan that is likely to contribute to their financial hardship.

Once You’re Approved

If you do agree to the terms offered to you by a lender, you can sign the loan agreement online with a simple electronic signature. Then your loan funds are sent to the checking account of your choice via direct deposit.

You might be able to access your funds the very next business day, depending on how speedy your financial institution is when handling deposit transfers.

Payments and fees associated with the loan are determined individually by the lender you choose.

Bad Credit Loans urges borrowers to directly contact the lender with any questions regarding their loan. Most charge a late fee for any payments that aren’t submitted on time, although the exact amount may vary.

If you miss a payment, your loan may go to collections and you won’t be able to borrow any additional funds from your lender.

Many users also report receiving ongoing loan offers from lenders, even after they’ve selected one. This is probably because your information is sent out to many lenders as part of the process. You can check out the website’s privacy policy to learn more.

Special Features

BadCreditLoans.com maintains a repository of articles aimed at helping you get your finances on track. Topics include tips on getting approved for a loan, how to responsibly spend your loan money, and how to make a budget so you can quickly pay off your loan.

Another informative area of the website is its Scam Alert section. This list includes recent scams affecting everyday people and how you can avoid them.

It includes everything from debt collection scams to mortgage loan relief scams and everything in between. It’s definitely worth giving these resources a look to see if anything could be helpful to you.

BadCreditLoans.com’s History

BadCreditLoan.com has been connecting individuals with their network of national lenders since 1998.

They not only focus on personal loans, but can also help you find lenders for business loans, student loans, car loans, mortgages, and even credit cards. The company also sponsors several charitable organizations throughout the country.

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