Easy Loans for Those With Bad Credit

Desmond Rhodes
A closeup of a finger poised to press a button on a computer keyboard that reads "need a loan?"

Having bad credit does not mean you can’t take out a loan. The application process, however, can be lengthy and complicated, and you may not get the greatest annual percentage rate (APR). 

If you know what an easy loan for bad credit is and how to shop for one, you can avoid paying an outlandishly high interest rate and possibly being scammed.

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3 Lenders for Easy Bad Credit Loans

It may help to understand what easy bad credit loans are by examining some legitimate lending networks that provide them. These platforms approve requests quickly and connect you with lenders that have reasonable interest rates. will conduct a soft credit inquiry. As such, it will not show up on your credit file as a standard inquiry. Lenders with this network may use any of the three primary credit agencies (Equifax, Experian, and TransUnion), and your credit score will be impacted if you don’t pay your loan back on time — as is the case with any loan. 

However, lenders in this network may not emphasize credit when extending you a loan, making it a good place to look for a loan if you have bad credit. Additionally, also offers reasonable loan conditions such as:

  • Loan amount: $500 to $10,000;
  • Annual percentage rate (APR): 5.99% to 35.99%;
  • Loan term: Three to 72 months.

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As the name suggests, provides responsible lending and works with those with less than perfect credit to get their loan application in front of a variety of lenders. 

These third-party lenders may run a credit check, however, it won’t be a deciding factor in your loan approval.’s responsible lending agreements include:

  • Loan amount: $500 to $5,000;
  • APR: 5.99% to 35.99%;
  • Loan term: Three to 60 months.

Learn more and get started today with

Through this lending network, your credit score may affect your loan amount, however, it may not affect approval. If you aren’t looking for their maximum loan amount, borrowers with bad credit may consider applying for a loan on this site. They also offer sensible terms and agreements, such as:

  • Loan amount: $500 to $35,000;
  • APR: 5.99% to 35.99%;
  • Loan term: Three to 72 months.

When you’re looking for an easy bad credit loan, your lender should approve your request quickly and get your money to you ASAP. The lending networks above provide this while giving you a sensible APR on your loan.

Learn more and submit your online request today with

What Is an “Easy” Loan?

An easy loan is any loan where a lender makes the process quick and convenient for the borrower. This involves minimal paperwork, fast approval time, and anything that makes it faster and easier to access your cash. 

Those with less-than-perfect credit can find it a hassle to walk into the bank, speak to a representative, and fill out loads of paperwork only to find out that they are not qualified for a loan. An easy bad credit loan will have you fill out an online form and approve based on other factors besides income and credit score.

Lenders Who Extend the Easiest Loans

Online lenders (such as the ones above) are a great option for easy bad credit loans. They often have lending networks where you can effortlessly find and apply for a variety of personal loans. Through them, your application will be seen by several lenders, giving you a better chance at being approved. 

You can also compare interest rates, loan amounts, and loan terms. Additionally, bad credit lenders won’t do a hard credit check on you, as it is not a deciding factor in the loan approval process. If they do run a check, it will be a soft inquiry, and your chances of approval are still high.

Other options you may explore could be loans from friends, family, or a pawn shop. These may come with unforeseen repercussions, however, as borrowing money from friends or family can put a strain on your relationship. Borrowing from a pawn shop will require some sort of collateral (such as a piece of jewelry), and you won’t get it back if you don’t pay back your loan. 

Especially if you have bad credit, a bank or credit union may not be your best option for an easy loan. These institutions will have you fill out paperwork, run a credit check, and still may not approve you for a loan.

What to Watch Out For

With bad credit, the interest rate is usually hiked up when you apply for loans. It is important to understand your loan’s APR and term (how long you’ll be paying off the loan), to know if it is a predatory loan or not. 

Sometimes, lenders have been known to attach an interest rate of 400% to loans for a borrower with bad credit. This means you’ll be paying much more than your loan amount short term and in the long run. As always, it will be crucial that you make your monthly payments on time to avoid any late fees that may come with your loan as well.

Easy Bad Credit Loan Scams

Those with bad credit may be tempted to accept loans that sound too good to be true — and they usually are. Many illegitimate lenders will target potential borrowers with bad credit, and to keep from being had, it is important that you know how to detect and avoid personal loan scams

Scammers can present you with a “loan” that has no credit check, but will have you pay an out-of-pocket fee upfront. Legitimate lenders won’t do this. It is just a ploy to get you to pay money to the scammer, and you’ll likely never hear from them again.

Additionally, scammers may send you phishing emails containing malware to illegally obtain your personal information and/or pressure you into cooperating. A scammer could use this information to carry out identity theft, and a variety of fraudulent charges. The warning signs of personal loan fraud are easy to spot if you know what to look for.

There are several options to get an easy loan with bad credit. Just remember to pay attention to the APR attached to your loan and the loan term. If you can spot the signs, you can weed out the scammers. A loan from a legitimate lender can help you with unexpected expenses and paying the loan back on time can get you back on track to repairing your credit score.

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