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Online Loans for Bad Credit

A bad credit shouldn't hold you in financial shackles. Get some loans today via WeLoans' partner lenders!

How Much Do You Need?

Get StartedWant to borrow more than $5,000? Click here!

What is A Bad Credit Loan?

A less-than-stellar credit score may limit your loan options. It's particularly difficult to get one if you have bad credit. According to FICO, you are in the bad credit category if you have a score between 350 and 579 on a 300 to 850 scale. Slip into this bad credit range, and you are declared a lending risk by banks and most lenders.

Be still; all hope isn't lost, just yet! Thanks to bad credit lenders, you can still get some loans. These loans, also known as bad credit loans, are specifically designed for people with bad credit.

Have no idea how or from where to land one? Consult WeLoans today. We'd connect you with some of our partner lenders who can borrow you some money in thousands. Our approval rate is also in the 90th-percentile.

How to Choose the Best Bad Credit Loan Lender?

Essentially, the best bad credit loan company title isn't cast in stone. The best bad credit loan company depends on a number of variables which differ from person to person. Here are the most common of these variables/factors:

  • Terms of repayment

    What are the terms of repayment? Check out the conditions of the loan to see if you can work with them. Also, check out how much time they are giving you to repay and if it's a repayment window you can cope with. You don't want to suffer heavy penalties from defaulting on payment.

  • Interest rates and accompanying fees

    Interest rates differ from lender to lender. Get free, no-obligation quotes from different lenders and compare their origination fees, interest rates and default payment fees to determine which is the best for you. Some lenders do not even charge origination fees. Why not check them out?

  • Loan eligibility requirements

    What are their requirements and how many of them do you satisfy? Do they need you to make an initial deposit? Or do they need you to make at least $1k a month? Whether or not you satisfy these requirements says a lot about whether they are your ideal loan plug.

  • Credit check

    Running credit checks on your profile can cause your credit score to dip even further. So, you should be shopping only for lenders that run soft credit checks on their borrowers. Soft credit checks do not hurt your credit score.

How Do Bad Credit Loans Work?

Getting a paid loan is quite easy and simple. Here's how to go about it

  • 1

    Apply Now

    Visit WeLoans now and fill the form that pops up. You will be required to enter basic information about yourself and supply answers to questions that give the lenders an idea of your financial situation.

  • 2

    Get Decisions

    Once you submit the form, we connect you with several of our partner lenders. Our lenders make funding decisions in as quickly as five (5) minutes, after which they send you a quote containing terms of the loan and the approved loan amount.

  • 3

    Get Paid

    Read through the quote and sign appropriately to show your agreement to the terms of the loan. Expect to get paid afterward, not later than the following business day.

How Much Can I Borrow?

How much you can borrow depends on a number of factors including your state's credit ceiling, the loan term, whether or not the loan is secured and the lender's valuation of your employability status, monthly income, spending history and debt-to-income ratio.

Talking of credit ceiling, some states may allow you to borrow up to $1k and more while the cap for some is at a mere $300.

You may have access to even higher loan amounts if you secure the loan with a collateral. When you turn in collateral, the lender sees you as a lesser financial risk, and is therefore willing to lend you some more money. For some other lenders, bringing in a guarantor will do just as much good.

Types of Bad Credit Loans

Personal loans for bad credit

Persons with bad credit may consider getting a personal loan to settle some personal bills. Perhaps, they need to fund a wedding, take care of some emergency plumbing repairs, equipment repairs at their workplace or any other expenses they may want to cover.

Installment loans for bad credit

Installment loans are quite popular and for very obvious reasons. Paying back is made easy by spreading the loan amount equally over a number of months. Borrowers are required to pay back in bits called installments till the full amount plus interest has been repaid.

Payday loans for bad credit

If you've got a bad credit and need funds to settle some bills before your next paycheck comes in, then a payday loan is one option to look at. Payday lenders typically do not consider a borrower's credit score. They instead pay more attention to whether or not the borrower can afford the loan and are capable of paying back when due.

Small loans for bad credit

Sometimes, all you need is a few hundreds of dollars to stay afloat pending when you get a financial leeway. In this case, requesting a payday loan or a long-term loan isn't a financially-wise decision to make. A small loan for bad credit will do just fine.

Secure loans for bad credit

Need a loan in its thousands? A secured loan may be your best bet. A collateral is your key to unlocking more money in loans. In general, you have higher loan limits and more favorable loan rates and terms when you can secure the loan with a home, car or any other valuable asset.

Quick loans for bad credit

In a financial fix that needs emergency response? Get a quick loan for bad credit. Typically, you should get funded in nothing more than a day. It's as quick as quick gets. Contact loan brokers like WeLoans to get access to reliable quick loan lenders.

Why Should I Choose WeLoans?

  • High approval rate

    Reviews show that our partner lenders' approval rate is one of the highest around the block. About 97% of people who request loans from our partner lenders get funded even with bad credit. As sweet as you like!

  • Quick approval and funding decisions

    We are committed to delivering on time. Therefore, you can expect to get funded as quickly as possible. Our partner lenders make funding decisions in as quickly as 5 minutes and you can get funded as soon as the next business day.

  • Soft credit checks by lenders

    As required by SEC and other regulatory bodies, all lenders must run checks on prospective clients. Our partner lenders comply with this regulation but make sure these checks do not hurt borrowers' credit scores by running only soft credit checks.

  • Bad credit is permissible

    Bad credit score? We'd still come through for you. We have tens of bad credit lenders in our network who are willing to help you through what you might be passing through. Prove your ability to pay back as and when due and you'd secure a loan.

  • Easy to process

    We understand how distressing financial emergencies are and do not want to add to this burden. All you have to do is fill in the form with accurate details and we'll take it up from there.

  • Security and confidentiality

    Your basic information and other details remain private and confidential with us. We do not share or sell your data to survey sites, hackers or buyers of such details. Our platform has the latest data encryption protocols to ensure safety of your data and information.

How to Spot Bad Credit Loan Scams?

Spotting scams while shopping for bad credit loans is simple if you know just where to look. Watch out for these:

No physical outlet: It's definitely a red flag if a lender does not have a physical address where people can reach them.

Unsecured platform: A tell-tale sign is the url beginning with “http”. A secured variant will begin with “https”

They are not registered: If the lender is not registered with the Federal Trade Commission (FTC), do not deal with them.

No credit check: A lender advertising no credit or income check is likely a scam. It's a bait to lure you into a deal you'll regret.

More About Bad Credit Loans


  • How much money can I borrow with bad credit?

    This typically depends on your state's credit cap, your income level, debt-to-income ratio and several other factors. With WeLoans, you can secure loans in excess of $5k.

  • How do I improve my credit score to increase my loan approval chances?

    Repaying your debts on time, keeping old accounts with good payment history, and avoiding hard credit checks can go a long way in improving your credit score.

  • What risks are associated with bad credit loans?

    High interest rates and default payments. Borrowers may risk paying heavy interest rates and default payment, leading them into an endless cycle of debt.

  • Can I get a loan with no-credit check?

    Theoretically, you can. But the chances are that you are running into a scam. Reliable lenders run credit checks, but soft ones that do not hurt your credit profile.

  • What is the easiest type of loan to get with bad credit?

    Secured loans are perhaps the easiest type of loans to get when you have a bad credit. The lender is more than willing to lend you some money because you have some form of collateral.

  • How do I get aloan with poor credit?

    Shopping for a bad credit lender isn't easy. The easiest route is contacting a loan broker like WeLoans that will connect you with several reliable ones.

Get a Loan with Bad Credit Today!

We’ve got your back when banks no longer do. Secure a loan today in thousands of dollars with WeLoans today. We'd connect you with a willing lender.

Apply now