Personal Loans Review Review 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 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. Personal Loans

Lenders in the 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 Amount Interest Rate Loan Term Turn Around Time Application Fee
$500 to $5,000 5.99% - 35.99% 3 to 60 Months Varies 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; 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 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, 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 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.’s History 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.

What to Know Before Getting a Bad Credit Personal Loan

Taking out any type of loan is a huge decision, but getting one when you have bad credit has even more repercussions. Read on to find out what they are and whether they’re worth it for your own financial situation.

Is your situation truly an emergency?

When you have bad credit, it’s easy to become cash-strapped. And when a financial emergency pops up, you might not have the funds to cover your needs.

In that situation, a bad credit loan like the ones available through may be the best option for getting yourself through the interim. Just make sure that your situation truly is an emergency.

Repairing your car after it’s broken down is clearly a necessity; after all, how else will you get to work to keep making money?

Similarly, you might be low on funds after losing your job or need a major repair on your home that will only worsen if you leave it alone. Those are all circumstances that could be worthy of taking out a personal loan with bad credit — you’ll be worse off not taking out the loan than if you do.

However, it’s important to avoid taking out a bad credit loan if it’s not paying for a true necessity. A vacation or a brand new wardrobe are by no means worth high-interest rates and extra debt loads. Think of alternative ways to achieve the same effects without spending a ton of money you don’t have.

Take a day trip to a city a few hours away, or pick up a few new-to-you items at your local thrift store. You’ll most likely regret taking on a burdensome loan just to pay for something you don’t truly need.

And with most bad credit lenders not offering strict guidelines on what you use the money for, the responsibility really lies with you to make sure you spend wisely.

Can you repay the loan within the term limit?

Once you’ve determined that you truly need a loan, review your term offers to make sure you can afford your payments for the length of the loan.

Even though bad credit loans have low loan maximums, the monthly payments can add up when you factor in the amount of interest you’ll likely have to pay. Take a look at your budget to make sure you have the extra income to cover those costs.

Also, think about your long-term plans. How long are you willing to pay off the loan? Do you have any other major expenses coming down the pipeline that could affect your ability to make the payments?

These are important questions to consider before you decide on whether or not to get a personal loan with bad credit.

What are the details of the loan?

Pay careful attention to all the details of the loan when reading your loan agreement. Each lender affiliated with is different, so don’t assume that the loan terms are the same with each one.

For example, find out what happens if you miss a payment. Will you be charged a fee? If so, how much does it cost? And how soon will a delinquent account go to collections? Also, check to see if there are any rollover options for short-term loans and how fees are assessed on them.

Some lenders may act as payday lenders, which means you could be repeatedly charged for rolling your loan into a new term. And for small, short-term loans, those fees can quickly add up to cost more than your actual borrowed funds.

As with any major financial decision, it’s always best to exercise extreme caution before making up your mind.