Best direct lenders for bad credit

Compare our loans to other lenders here. Warning: Late repayment can cause serious money problems. For help, go to moneyhelper.

We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Compensation may factor into how and where products appear on our platform and in what order.

Best direct lenders for bad credit

We understand that not everyone has a perfect credit score, so we consider applications from people with all kinds of credit histories, including people with bad credit. No middlemen are involved, making the process easier and more straightforward. To apply, simply click the apply button above. Once we do a few additional checks, we can transfer the approved loan amount directly to your bank account. Our goal is to process your loan on the same day you apply, ensuring you get the funds quickly. And the best part is, there are no fees for using our services, making us the perfect direct lender loans partner for urgent loans when you have bad credit. The One Stop Money Shop is a direct lender that offers a range of loans, including alternatives to payday loans. You can feel confident knowing that one established company takes care of everything and keeps your information safe and secure. We are fully authorised by the Financial Conduct Authority and strongly believe in responsible lending and treating customers fairly. Our entire application process is online, and you can apply using a computer, laptop, smartphone, or tablet as long as you have internet access. You can complete the application anytime, day or night, even on weekends. We always strive to process and fund your application as quickly as possible. As a direct lender for people with bad credit, our website is protected with an SSL, which adds extra security to your data and information. We also take extraordinary measures to keep your info safe because we have a consumer credit licence and hold FCA authorisation.

To evaluate and rank personal loan providers we collected hundreds of data points across 70 lenders, including traditional banks, credit unions, fintechs, and special interest finance companies.

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Why it made the list: Upgrade has a low minimum credit score requirement and low starting rates — a somewhat rare combination. These loans come with credit-building tools, flexible repayment terms and special features for debt consolidation and home improvement projects. Multiple rate discounts. Secured and joint loans. Mobile app to manage loan payments. Direct payment to creditors with debt consolidation loans. Long repayment terms on home improvement loans. Origination fee. No option to choose initial payment date.

Best direct lenders for bad credit

Getting personal loans might prove daunting if you have not-so-stellar credit scores and existing debt. Poor credit history will make online lender shy away from giving you a personal loan, including debt consolidation loans and even payday loans. Thankfully, there are personal loan services that do not mind.

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Using a co-signer or co-borrower: If a family member or trusted friend has a good credit score, you can ask them to be a co-signer or co-borrower on your loan. While not required, applicants who don't qualify for an unsecured personal loan with OneMain Financial may be offered a secured loan. Warning: Late repayment can cause you serious money problems. You can feel confident knowing that one established company takes care of everything and keeps your information safe and secure. Here at Finio Loans, we believe that people should be able to access affordable loans, despite their circumstances to make borrowing money more accessible. Student loans, personal loans and credit cards are all examples of unsecured loans. Second of all, see if you can raise your affordability by including other sources of income or reducing non-priority spending. If you need to borrow a small amount of money, it is worthwhile considering an alternative to payday loans. Bad credit loans may have lower interest rates than some credit cards, and they almost certainly will have better interest rate terms than a payday loan. There are also no early payoff penalty fees. Why OneMain Financial stands out: Even if your credit needs work, you may be able to qualify for a secured loan from OneMain Financial that uses your vehicle as collateral — which could be a benefit, but remember that it puts you at risk of losing your vehicle if you default on the loan. To take out a loan, many lenders will conduct a hard credit inquiry and request a full application, which could require proof of income, identity verification, proof of address and more.

We think it's important for you to understand how we make money. It's pretty simple, actually.

We are open to considering bad credit loans, and you can also take some simple steps to improve your credit score and increase your chances of approval. Be sure to look at how much the loan will cost you over the full length of the term and decide if the cost is worth it. Read reviews and learn what to consider before agreeing to take on a loan. If your TransUnion credit rating exceeds , you may get better payday loan direct lender terms. Check other alternatives to see if they can provide you with the same. TD Stories. This will depend on your bank accepting faster payments. The interest rate and fees, however, can add up. Meanwhile, having a high credit utilization ratio sometimes referred to as credit usage can make you seem like a lending risk, which is also reflected in a reduced credit score. Membership eligibility is open to all, even though branches are concentrated in California. Learn more by checking for offers on OneMain Financial's site. Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi, and North Carolina dealerships are not subject to these maximum loan sizes. To facilitate a speedier approval, apply during normal business hours and submit the required documents right away.