Best Bad Credit Loans With Guaranteed Approval In 2023

Why trust Theislandnow? We have applied on more than 50 platforms to get loans up to $1000, we used our intern’s details (580 credit score) so that our applications go through for bad credit loans.

We have collected over 30 data points to compare these companies that provide “bad credit loans with guaranteed approval” and we have compared them extensively so that you don’t have to. 

Beware that there are various checks in place so that they don’t lose their money when they lend it to you but we have curated a list of 5 brands that offer bad credit personal loans and these sites are trustable and widely used in the market. 

This review isn’t sponsored like so many other reviews on google but we do receive compensation for our research, only if a lender loans you the amount you’re looking for. 

Top 5 Bad Credit Loans With “Guaranteed Approval” In 2023

This is the list of the top five bad credit loans with “guaranteed approval” that we will review in this post.

  • Money Mutual

    Best Overall For Bad Credit Loans Guaranteed Approval
  • Bad Credit Loans

    Highly Trusted Direct Lender Offering Loans For Bad Credit
  • RadCred

    Guaranteed Loans For Bad Credit With Quick Loan Approval Decisions
  • PersonalLoans

    Best Bad Credit Personal Loans Guaranteed Approval $5000
  • CashUSA

    Get Payday Loans For Bad Credit With No Credit Check

    Convenient Direct Lender For Bad Credit Loans Guaranteed Approval

Are Guaranteed Loans For Bad Credit Possible?

If you are employed, make more than $800 per month, and don’t default on payments a lot then it’s guaranteed in a way. These companies offer two types of bad credit loans: 

  1. Installment Bad Credit Loans: Loans that are up to $35,000 and are divided into small EMIs so that it’s easy for a person to pay them. These lenders usually don’t work with people with less than 600 credit scores and they require collateral. 
  2. Payday Loans for Bad Credit: They are usually not interested in your credit score, they require you to have an income source and they require payslips to be eligible for a loan and you should be 18+ with valid identification. These loans have high-interest rates and loans are usually low in amount. 

Now that you know what type of guaranteed loans you can get, let’s jump into the reviews of all the bad credit loans that our intern got loans from. 

5 Best Bad Credit Loans Guaranteed Approval Sites

We added these companies as they are legit, and trustworthy with a lot of customer reviews and if you’ll scroll down you’ll know the full thesis on how we compared these companies. 

#1. MoneyMutualBest For Bad Credit Personal Loans

MoneyMutual works with lenders that offer loans to borrowers with bad credit. The company is not a direct lender; it works with an extended lender network ready to provide bad credit loans. These loans benefit those who need funds in an emergency but face rejection from most traditional lenders. 

This lending platform provides short-term loans for bad credit. A short-term loan is very helpful for most borrowers as they want to repay it quickly. These loans are also helpful for borrowers with bad credit as they help them build their credit. When the borrowers make timely payments, the lending networks report these activities to three major credit bureaus. This helps in improving the overall credit score. 

To apply for a loan at MoneyMutual, you must consider their eligibility criteria. For example, the platform requires you to be at least 18 years or older. You must be a U.S. citizen and earn at least $800 monthly. Besides that, as a borrower, you should have an active bank account to receive the funds and make payments on the loan. 


Application Process: The application process at MoneyMutual is very simple. You have to complete a 3-step process of applying for a loan and then wait for the lender’s response. Fill out the loan application form by providing your information and submit it for review. The lenders will review this information and approve it by giving a loan agreement. Once the loan agreement is made, you will get the funds in your bank account in as little as 24 hours.

Loan Amount: At MoneyMutual, you can request a loan amount between $200 and $5000. All you have to do is to select the loan amount and click on ‘Get Started.’ The website will require you to provide basic information, such as your state and other personal details. 

Interest Rate and Fees: MoneyMutual is not a direct lender and doesn’t control the interest rate and fees. However, it works with reliable lenders that don’t charge very high-interest rates and fees. Though these rates and fees depend on the individual lenders you choose to work with, at MoneyMutual, you’ll find a majority that offers reasonable rates. 

Types of Loans: There are a variety of loans for people with bad credit and no credit check. You can choose payday, installment, and No-Fax bad credit online loans. An installment loan is a loan with fixed monthly payments that you have to repay the loan amount to the lender. 

Funding Time: After you and the lender make a loan agreement, you will receive funds within one business day. MoneyMutual makes sure that the lenders working on its platform provide quick funds. These funds are helpful for people who need to cover emergency expenses such as medical bills or car repairs. 


  • Easy application process
  • Quick funding time
  • Educational resources for borrowers
  • Multiple loan types are available
  • Extended lender network
  • No complex documentation


  • No detailed information on interest rates as they connect you to the lenders

=> Click here to visit the official website of MoneyMutual

#2. BadCreditLoans– Best For Bad Credit Loans Under $10,000 

At BadCreditLoans, the lenders are ready to provide loans for bad credit. Though these are risky loans, the lenders still provide higher interest rates. The lenders on this platform provide loans of up to $10,000 to people with bad credit scores. The lending network works with reliable lenders that provide quick funds and flexible repayment terms. We always recommend such lending networks to our readers because they are the most reliable. 

Applying for a loan at BadCreditLoans is very easy; it is a three-step process. There is a convenient online form that requires you to provide your personal details. Within a minute, the platform will forward your loan request to suitable lenders, and you’ll get an offer. You may choose to work with a lender that is the most suitable one according to your requirements. 

You must keep in mind that your credit history has an impact on the rates and terms that the lender will offer. The lenders might not offer very favorable rates and terms if you have bad credit. Working with a reliable lender means avoiding outrageously high-interest rates. The good thing about this platform is that you can compare various lenders and choose the one that offers the lowest rates. Plus, the platform is free to use, so spending time and making wise decisions is good. 


Eligibility Criteria: The eligibility criteria at this platform are almost the same as other lending platforms. Besides the main requirements of age and citizenship, the borrower must provide proof of income. They should also have a valid bank account and a regular income from self-employment or full-time employment. 

Extended Lender Network: BadCreditLoans works with a huge network of lenders. With so many lenders available, there is a chance that everyone with bad credit can get an offer. You can choose the most suitable offer according to your payment feasibility and loan amount.

Secure Platform: The lending platform uses advanced encryption technology to keep your information safe and secure. Besides that, their customer representatives are available 24/7 to solve queries. At BadCreditLoans, you can trust the platform while providing your details. 

APR Range: At BadCreditLoans, the APR ranges are between 5.99% and 35.99%. Though BadCreditLoans isn’t a direct lender, it works with lenders that offer reasonable interest rates and APRs. The APR range varies from lender to lender, and you can know about it when the lender offers the loan agreement. Thus, it is important to go through the points in the loan agreement before accepting the lender’s offer.

Repayment Term: Repayment term means the amount of time the lender requires from the borrower to repay the loan amount. The minimum repayment time at this platform is 90 days, and the maximum repayment term is 72 months or six years. You must remember that a short repayment term means high monthly fees, and a long repayment term means small monthly payments. 


  • Compare rates from different lenders
  • Choose your own repayment term
  • Different types of lenders
  • Loans up to $10,000


  • High-interest rates
  • Low amounts for bad credit users

=> Click here to visit the official website of BadCreditLoans

#3. RadCred– Lending Curator For Easy Online Bad Credit Loans

RadCred is a third-party or intermediary connecting lenders and borrowers on its platform. The platform provides a quick and easy method to apply for loans. They work with a network of licensed and certified lenders that provide a variety of loans for all credit types. If you have bad credit, you can still get a loan through the lenders on this platform. 

Their service is free of charge; you can apply for a loan and compare various offers. The lending network also notifies through emails about promotional offers and discounts available. According to the information you provide, the platform provides you with the best and most suitable loan options. 

The company works with a huge network of certified and reliable lenders. They work with more lenders so that the borrowers have enough options to request loans and get funds. Their process is completely transparent; the lenders and borrowers connect and agree on certain terms and conditions. The main aim of this platform is to provide access to the best lenders for people with bad credit. 


Debt Consolidation Loans: You can also apply for debt consolidation loans at RadCred. These loans allow you to repay your outstanding loan quickly. This helps in improving the credit score. The lending networks and agencies report your activity to the major credit bureaus, due to which your credit score improves. These loans benefit people with a bad credit scores as they can improve their credit to get better rates and terms.

Quick Deposits: RadCred works with lenders that provide quick deposits. After reviewing the information, the lender offers a loan agreement for the borrower to accept. Once the borrower agrees with the loan offer, the lender deposits the funds in the borrower’s bank account. The borrower also agrees to repay the loan for a particular loan term. 

Variety of Loans: At RadCred, you can choose from various loans. There are student loans, installment loans, auto loans, no-credit-check loans, and bad-credit personal loans. If you have a bad credit score, you can apply for a variety of loans that can help you improve your credit. 

Encrypted Interface: RadCred respects its users’ privacy and ensures their private information isn’t leaked. To do so, the company uses advanced encryption methods and technology. The lending network uses your information only to forward it to the respective lenders. These lenders review your information to decide to offer a loan. 


  • Quick and easy application
  • Connects you with awesome lenders
  • All types of loans are available
  • Encrypted interface
  • Their educational series helps in building the credit score


  • A lot of applications are rejected due to low credit score
  • They reject you if they feel you’ll pay more than 100% APR (Kind of a pro, but far from a guaranteed approval loan)

=> Click here to visit the official website of RadCred

#4. PersonalLoans– Best Personal Loans Under $35000 (Accepts Low Credit Score People)

PersonalLoans allow you to get loans up to $35,000. It is a safe and secure platform that will enable people with bad credit scores to get loans at reasonable rates. The platform has certain eligibility requirements which you must consider before applying. For example, there are age, status, and residency requirements. Besides, you must have a regular income through self-employment or full-time employment. A valid bank account is also a must for applying for a loan.

On this platform, you can request loans of up to $35,000. This is a big amount, and you can use it to cover large expenses. For instance, if you have to renovate your home or make home improvements. There are loans for all occasions; you can also request small loans. The minimum amount of loan is $1000 on this platform. 

Their service is free of cost; there are no hidden charges or additional fees. There are zero obligations for applying for a loan on this website. Before accepting funds, the whole process is free of charge. However, once you start your deal with a lender, the origination fees and other costs vary from lender to lender. If you are confused about the loan process, you can also visit their education resources and learn about other credit-related products. 


Flexible Process: It is easy to apply at PersonalLoans to get a loan. It is a three-step process where you must provide your basic information and wait for the lending network to forward it to suitable lenders. To apply for a loan, you must choose the loan amount and proceed. 

Quick Loan Approval: At PersonalLoans, loan approval is quick. This doesn’t mean the lenders won’t evaluate your credit history or worthiness. The lenders quickly review and offer loans to people with all types of credit. So, you can get quick approval even if you have a poor credit score. However, before accepting the loan offer, you must go through the terms and conditions. 

Competitive Rates: The minimum APR the lenders will offer you at this platform is 5.99%, and a maximum rate of 35.99%. Besides that, the lenders allow the borrowers to repay the loan in a minimum of 3 months and a maximum of 72 months. The loan rates and terms depend on the loan amount and your credit score. 

Types of Loans: PersonalLoans allow you to choose from various loans. There are peer-to-peer loans, personal installment loans, and personal bank loans. The peer-to-peer loans require a minimum income of $2000. If you have bad credit, personal installment loans are more suitable. For these loans, borrowers with a credit score below 600 can apply. 


  • Best for big loan amounts
  • Fast funding
  • Free service
  • Loans for all occasions
  • Educational resources
  • Competitive rates


  • Not available in all U.S. states

=> Click here to visit the official website of Personal Loans

#5. CashUSA– Best For No Credit Check Check Loans

CashUSA has been in the lending industry for more than two decades. The platform serves as a medium for lenders and borrowers to connect. On this platform, you can apply for loans up to $10,000. Whether you need to repair your home or car, pay a medical bill, or go on a vacation, you can request any loan on this platform. 

The platform works with lenders that offer loans for bad credit. The amount of loan offered also depends on the lender and the borrower. For example, borrowers with a good credit score, good employment status, and a regular income will get more favorable rates and terms. On the other hand, if you have a bad credit score but your income is steady and stable, you can still get reasonable rates and terms on a loan. 

There are different types of loans that you can apply for at CashUSA. There are bad credit personal loans, in which the borrower requests a certain amount of money and then repays the loan in fixed installments to the lender. Overall, this is a good platform for lenders who want to apply for a loan without fearing rejection. 


Flexible APR: The interest rates and APR depend on your credit score and loan amount. CashUSA works with lenders that offer flexible APRs. This means that the lenders here won’t charge a very high rate to borrowers with poor credit scores. The interest rate is higher than for those with good credit scores. 

Repayment: Most lenders offer a repayment period between 90 days and 72 months. This means that the borrowers can repay the loan according to their convenience. You must choose a longer repayment term if you prefer small monthly payments. On the other hand, if you want to pay off the loan quickly with big monthly payments, you can choose a short-term loan.

No Minimum Credit Score: The good thing about this platform is that there are no minimum credit score requirements. So, no matter your credit score, you shouldn’t worry. This is helpful for people with poor credit scores, whom multiple traditional lenders have rejected. You can consider applying to this platform to improve your credit score if you have bad credit but a stable income. 

Security and Safety: The lending network forwards your information only to other lenders. The information is forwarded only so that the lenders make a loan offer by reviewing your information. No lender will be ready to provide a loan without evaluating your information, as risk is involved. 


  • Quick service
  • A variety of lenders are available
  • Safe and secure platform
  • Soft credit check
  • Instant fund deposit
  • Easy application


  • Not many positive reviews
  • Outdated website

=> Click here to visit the official website of CashUSA

#6. Money-Wise Lending Site For Bad Credit Loans Upto $5000

MoneyWise offers loans for all occasions, and even if you have bad credit, you can apply for a loan here. The platform connects lenders and borrowers and allows borrowers to use the service free of charge. There are bad credit personal loans, secured loans, unsecured loans, credit check loans, home equity loans, and credit cards. With a personal loan, you can get loans for a variety of personal uses. 

These loans can help you start a business, pay medical bills or tuition fees, or use the funds for home renovation or improvement. However, you must calculate the cost of the loan before applying because if you have bad credit, the loans can be expensive. Bad credit loans with guaranteed approval will work for you if you have an emergency expense. 

Besides that, there are debt consolidation loans that help borrowers improve their credit scores. These loans allow the borrowers to make quick, on-time payments so that their score improves quickly. Once their score improves to be a good credit score, they can apply for a loan refinance to get better rates and terms. 


Lender Matching Process: At MoneyWise, the platform follows an advanced algorithm matching borrowers with their respective lenders. This way, the borrowers get the most suitable offers that meet their requirements. There are a variety of lenders that work with MoneyWise, and you can easily get matched to one that meets your needs.

Quick Loan Approval: At MoneyWise, the platform approves your loan request quickly. The company claims to approve your request within one minute of the loan application. There are personalized loan offers that help borrowers choose lenders for their requested loan amount, rates, and repayment terms. 

Rates and Terms: The rates and terms depend on the borrower’s credit history and financial performance. The lenders will likely offer a higher interest rate if the borrower has bad credit. However, if you have good employment with a high and regular financial income, there are chances that you will get better rates and terms. 

Loan Refinancing: If your existing loan is unsuitable for your requirements, you can refinance it. This is called loan refinancing, through which the borrower can replace their current loan with a new loan. Refinancing of loans is available for those borrowers who want to benefit from better rates and terms than the existing loan. 


  • User-friendly website
  • Loans for all occasions
  • Quick support
  • Educational resources
  • Useful packages


  • High rates for bad credit 

=> Click here to visit the official website of MoneyWise

How We Made This List Of Best Bad Credit Loans Guaranteed Approval?

To review the best bad credit loan providers, we wanted to make sure that the lenders we are reviewing are legit and reliable.

Many bad credit loan providers charge extra-ordinarily high-interest rates to reduce the risk of lending to people with bad credit. However, being a bad credit lender doesn’t mean they can charge you outrageously high rates.

We read thousands of customer reviews to determine more about the reliability and performance of a lending network. There are a few factors that we consider before choosing the best ones.

For instance, we compared various brands by looking at their funding times, the loan application process, and interest charges. After reviewing dozens of loan providers, we decided to review only six of them.

What We Looked For: 

We looked for a few factors to choose the best bad credit loans. These factors are as follows:

  • Brand’s Image: For us, brand image is essential. Any brand with a negative image is something we always want to avoid. To determine the reliability of a brand, we read its customer reviews. We have chosen only those bad credit loan-providing networks with a majority of positive customer reviews. These platforms have a majority of satisfied customers because they care for them.
  • Application Process: One thing the borrowers face difficulty with applying for loans is the application process. Some platforms have a lengthy and complex application process, making it difficult for borrowers to apply for loans. Thus, we considered lending networks that have a simple 3-step application process.
  • Funding Time: Another important factor is the funding time. When borrowers apply for a bad credit loan, chances are that they have already tried other ways to meet their financial emergency and have chosen the loan as the last option. These people apply for loans as they have no other option left and need funds immediately to meet their emergencies. We have chosen lending networks with quick funding times to help needy people.
  • Interest Rates and APRs: Generally, the interest rates and Annual Percentage Rate (APR) are high for bad credit loans. This is because lenders want to minimize their risk of lending to a high-risk borrower. People with bad credit are high-risk borrowers. Thus, these lenders charge high-interest rates, which makes the loans more expensive. In this post, we have reviewed bad credit loan providers that don’t charge outrageously high rates to people with bad credit.

Before Sending Your Information To “Bad Credit Loans Guaranteed Approval” Sites, Look For These Factors

If you have decided to choose a bad credit loan “guaranteed approval” provider, you must consider a few factors.

These factors will help you determine whether a lender is legit for you. There are many loan providers and networks on the internet, but not all are genuine.

If you have bad credit, it doesn’t mean you should settle for very high-interest rates. You can still get better rates and terms if you research online loans. To choose the best bad credit loan provider, consider the following factors:

Eligibility Requirements

Before applying for a bad credit loan, you must consider the eligibility criteria. This will help you save time. Different lenders have different eligibility criteria that the borrower must go through before investing their time in a lending network. For example, the lender might require a high stable income from the borrower. Though most lenders require around $800 to $1000 monthly income, some might require higher than that. 

Besides that, other requirements include the minimum credit score and maximum debt-to-income ratio, which the borrower must consider before applying. 

Loan Amounts

The loan amounts offered by lending networks vary from lender to lender. If you need a big loan amount, you must look for a lender ready to provide the exact amount. For example, lenders may give a loan of up to $5000 to a borrower with bad credit. If you need a loan amount higher than that, you must consider another lender. This post has picked loan providers that offer varying loan amounts. Some lenders offer loans up to $5000, while others can provide up to $10,000. Thus, it is essential to consider the minimum and maximum loan amounts before choosing a lender.

Repayment Terms

Repayment terms mean the amount of time the lender requires from the borrower to repay the loan. Some lenders require a short repayment term, which means that the borrower has to pay back the loan in a short time. Repaying the loan in a short time is beneficial if you have a regular steady income, but the interest rate is higher because the lender wants to collect more interest in a short time from the borrower. On the other hand, long repayment terms are used to finance major purchases. With a long repayment term, the monthly payments are small because the borrower repays the loan amount over a long period.

Interest Rate and Fees

Lenders use different criteria and methods to calculate the interest rates they offer borrowers. It is important to get quotes from various lenders and compare them to choose the one that offers the most reasonable interest rate and fees. The interest rate for people with bad credit is higher than for those with good credit. Lenders charge high-interest rates because there is a risk of default from the borrower’s side. 

A bad credit borrower has missed payments or made late payments with their previous lenders. Chances are that these borrowers have already taken multiple loans that they have to pay. Thus, lenders consider them high-risk borrowers. 

Customer Experience

It is crucial to read customer reviews before choosing a lending network. In this post, we have chosen lending networks with a majority of positive reviews showing that most customers are satisfied. Lending networks with the most negative reviews and unsatisfied customers indicate their performance is not up to the mark. Even if these lenders don’t charge very high-interest rates, other services might create trouble for the borrowers if they have negative reviews.

Type of Loans

Bad credit borrowers have many choices when it comes to choosing loans. There are personal loans, secured and unsecured loans, online loans, payday loans, and debt consolidation loans. A payday loan has a short repayment time, mostly two weeks, in which the borrower has to repay the loan amount. These loans are helpful for people with bad credit as they help them to improve their credit quickly. A personal loan is a broad category that comprises different types of loans that individuals can use to meet their requirements. 

FAQs Regarding Bad Credit Loans Guaranteed Approval

What are the easiest loans to get with bad credit?

Secured, co-signed, and joint loans are the easiest loans to be approved for with bad credit since you may utilize the collateral or the creditworthiness of another person to make up for your poor credit score. Although they are simple to obtain, payday loans, pawnshop loans, and auto title loans are also very expensive.

Where can I get a loan with a credit score of 500?

MoneyMutual and Badcreditloans offer the best personal loans for those with credit scores under 500. When you apply for a loan with one of these businesses, which specialize in lending to those with bad credit, not even a credit check will be performed.

Concluding Best Guaranteed Loans For Bad Credit In 2023

After being rejected by many traditional lenders, you might feel disappointed as you might have been rejected and you need an emergency loan

However, after reading this post, you are now aware of your options. 
These lending networks work with reliable lending partners to offer loans to people with bad credit. Regardless of your credit history, these lenders are ready to work with you to provide funds so that you can meet your financial expenses. We hope this comprehensive post on bad credit loans will help you choose one. 


About the author

Jhalak Choudhary

Jhalak Choudhary is an experienced editor and proofreader who has held their impression on the industry for 3 years now. Their ability to work above and beyond brings only the best foot forward. Jhalak Choudhary has had extensive experience in...
Read more
Share this Article