Bad Credit Loans Review 2020: Is It The Place to Get Your Loans?

Bad Credit Loans Review 2020: Is It The Place to Get Your Loans?

(11 customer reviews)
Loan Ammount
$500 - $10,000
Loan term
3- 36 months
Min. credit score
Not Available
Est. APR
5.99% - 35.99%
Add to compare
6/10 (Expert Score)
Product is rated as #22 in category Reviews on Payday Loans

Bad Credit Loans is a free online marketplace for people looking for bad credit loans. They provide personal loans, business loans, mortgages, and debt consolidation loans. Personal loans are, however, the bulk of the services they provide.

This company does not directly lend you money. Instead, you gain access to their network of lenders who provide appropriate loan quotes for your needs. You only need to fill out one questionnaire, and in three easy steps, you can get the loan you need.

Bad Credit Loans does not have a good rating on Better Businesses Bureau with an 'F' on a scale of A+ to F. Other reviews have some positive things to say about them, though. Their customer support will answer any question you might have concerning the use of the platform.

Customer Experience
  • Easy to use interface
  • One application for multiple lenders
  • Bad credit score allowed
  • It has a completely free loan request process
  • Access to educational posts and resources
  • Flexible repayment plans from 3-36 months
  • Has a long application process of three pages
  • Not registered with Better Business Bureau
  • High APR starting with 5.99%
  • Only small loan amounts
Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

Company (Lender) Loan Amount Loan term Min. credit score Est. APR Funds available in
badcreditloans $500 – $10,000 3- 36 months Not Available 5.99% – 35.99% A day or more

What Is Bad Credit Loans About?

The process of obtaining loans have become increasingly hard with different requirements, and several lenders jostling for your attention. When you add a bad credit score into the mix, loan approval becomes even harder. In fact, many banks will not approve your loan at all if you don’t have a good credit score.

So, what do you do? How do you get a loan to meet your needs, especially when you have a bad credit score? How do you narrow the process of shifting through different lenders and potential scam?

Bad Credit Loans are the answer to these questions. The free marketplace helps you access a verified network of lenders who can give loans regardless of your credit score. You can get loans as low as $500 and as high as $5,000. Based on the lender, your loan term can be three months to as long as thirty-six months with different interest rates.

You don’t have to search long to get a loan, even when you have a poor credit score with Bad Credit Loans. With their three simple steps, all your loan needs can be satisfied. Now that you know what the platform is about, you might want more details. All you need to know about this marketplace has been provided in this review.

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A Bit of History on Bad Credit Loans


Bad Credit Loans has been in existence since 1998. The company is situated in Tacoma, Washington. However, the website is run by Chief LLC in Nevada.

The platform has a network of lenders across states and tribes. The exact number of lenders available on their network is not disclosed, though. You can guess that it is a good number considering the years they have been in the business.

Beyond its lenders’ network, the website is also full of different resources to help you in credit situations. You can learn about the different types of loans and how to avoid scams. These articles are super essential when taking out a loan.

Bad Credit Loans has a pretty solid background. It is not one of those sites that might suddenly disappear on you. The next thing is to learn more about their services.

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What Services Do Bad Credit Loans Provide?

Bad Credit Loans claims to connect users with lenders that can provide different types of loans. Based on the review done, most of the loans offered by lenders on their network are personal loans. You can get business loans, mortgages, and debt consolidation loans on the platform, though.

You might be wondering what personal loans are, what makes them different from other loans. Your income secures your personal loan, and you can access these loans even with a low credit score.

Personal loans can be used for different reasons. You can use the loan to;

  • Pay for an expensive emergency
  • Medical expenses
  • Vacations
  • Auto purchase and repair
  • Moving expenses
  • Debt consolidation

These loans usually get you at least $500 and up to $5,000. The maximum loan amount indicated on the website is $10,000. However, the highest loan amount that you can get with a bad credit score. According to this platform, once you have a FICO score below 50, you fall under the category of those with poor credit.

You can apply for these personal loans and get approved after a day. You won’t experience the long wait that banks and credit unions put their customers through. Based on the loan terms, within 3-36 months, you would have paid your loan back in full.

It is not only about knowing what they offer, though. You want to know how to access what they offer. We have given you the details of how to use this online platform below.

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How to Use Bad Credit Loans?

Bad Credit Loans is an easy-to-use platform. All you have to do is follow three easy steps, and you have your loan request in for approval. Don’t worry; we will put you through the steps.

However, you need to understand that, like other loan companies, Bad Credit Loans have certain requests before you qualify. You need to meet these basic requirements before you can proceed with the use of the online application.

These requirements are;

  • You have to be up to 18 years of age.
  • You need to be a citizen of the United States of America, with proof of citizenship to that effect. The proof could be your Social Security number or your legal residency.
  • You should have a regular source of income. The source could be your self-employment, full-time employment, Social Security, or other disability benefits.
  • You need a checking account in your name. Your name should also match the same in your other documents.
  • You have to fill in your office and home phone numbers with a functional email address.

Once you can meet all of these requirements, you can start the three steps to loan approval on Bad Credit Loans.

Step-by-Step Guide to Loan Approval on Bad Credit Loans

Here is a step-by-step guide on how to get a loan approved on the Bad Credit Loans site;

Step 1: Fill out a Loan Request Form

From their official website at ‘,’ you click on the ‘Get Started’ button. This button will lead you to the loan request form page. It is a simple form that only requires you to fill in the basic information.

Some of the data that you will have to input include;

  • Loan Amount to Request
  • Credit Level
  • Reason for taking Loan
  • Your First and Last Name
  • Date of Birth
  • If you’re Active Duty Military or not

After you fill out this page, you will be directed to the next page to fill in more details about yourself. Some of the required information includes your address, workplace, employment information, employer’s name, monthly gross income. You will also have to add details like your driver’s license, Social Security number, account type.

The next page is the final one. All you have to do is fill in your bank information, job title, and next payday. You will also have to indicate if you own a car or get paid by direct deposit. The last thing to do is to enter your mobile phone number for SMS alerts.

You can then submit the entire form. Ensure that you go through it again to cross-check if all information was appropriately filled. You should also take time to read the terms and conditions before subscribing. The knowledge of everything in the fine print will help you feeling cheated out of anything. You will also be able to make full use of the site.

Some might think the requirements for the form are too long in reviews. However, if you have noted the requirements stated in this review, the entire process might only take you a few minutes. Just ensure you have all the details right.

Once you are done with this step, you move to the next.

Step 2: Get Offers From Lenders

Within minutes of submitting the request form, you will begin to get offers from various lenders. Bad Credit Loans is just like a middleman. The site uses algorithms to find a lender in its network that can provide the kind of loan you need.

These algorithms make use of the information that you filled in the request form. Bad Credit Loans have different types of lenders. Some will only lend to people who need a certain amount, while others might require a perfect credit score.

Bad Credit Loans processes the data from your form to present only suitable lenders for you. You don’t have to go through the time and energy-wasting activity of comparing different lenders and loan terms. There is no need to listen to numerous calls when Bad Credit Loans find the right lenders for you.

It is only a matter of picking which offer you love best because all will be suitable. Once you make a choice, you move to the next step.

Step 3: Review and Accept Loan Terms

The lender would send you a personalized loan offer with their rates and terms. Ensure that you read the proposal carefully. Don’t leave out any details.

If the terms do not fit into your circumstances, you can turn the offer down without any payment or problem. You might have to start all over in this case and provide details to ensure the right loan and lender are recommended for you.

If the loan terms suit you, you accept the loan terms and get your loan approved. Depending on the lender, the loan amount could be sent to your bank account within the day. Remember that you are not under obligation to accept this loan. Bad Credit Loans service is free, and they won’t charge you for rejecting a loan offer or accepting it either.

Are their services and easy procedure looking enticing to you? You need to check out what our reviewer says about Bad Credit Loans’ cost and fees.

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Bad Credit Loans Cost and Fees

Bad Credit Loans is an absolutely FREE online platform. You don’t have to pay anything for the service offered. You might be wondering how this service benefits them, though.

Usually, services like Bad Credit Loans charge their network of lending firms a small fee for connecting them with customers. This fee does not impact you in any way.

However, you should note that depending on the lender, there are certain fees you might have to pay. A lender can charge you for late payment, returned payment, and administration. These fees have nothing to do with Bad Credit Loans.

You should ensure that you read the terms of use and loan contract properly before accepting it. The loan offer would contain the details of these payments. Once you know what you are getting into properly, you can decide if it works for you or not.

If you find that the payments might not be convenient for you, you can reject the loan and look for another. You can also ensure that you pay your loan back quickly to afford charges like the late payment fee.

Beyond the costs and fees that Bad Credit Loans could charge you, you should know that loans come with interest. You might be curious to know what the interest rates for loans gotten from lenders on Bad Credit Loans would be like. We have satisfied that curiosity below.

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What Is Bad Credit Loans Interest Rates Like?

Personal loans generally have high-interest rates, especially when you have a bad credit score. While Bad Credit Loans does not set the interest rate, the website places the interest rates on loans gotten from the site at 5.99% to 35.99% APR. You should understand that this range is not fixed as the participating lenders dictate the amount charged.

If your credit score is low, you would most likely get a higher interest rate. Though it is not mentioned on the website, lenders of personal loans usually collect an origination fee of 1% to 8% of the loan amount. However, it is not clear when the lenders’ network of Bad Credit Loans do the same.

Other than the interest rates and other fees that the lenders will collect, Bad Credit Loans does not charge you any fee. You might be thinking since the service is free, would their customer service be any good if you encounter a challenge? Our review answers the question.

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Customer Service at Bad Credit Loans

Bad Credit Loans provides their contact information via email and phone on the website. You can send an email or call to access their customer support service.

However, you should note that Bad Credit Loans would not be able to answer queries about the personal loans you collected. Once you have gotten a loan, you contact the lender for any questions about the loan.

Bad Credit Loans is only an online marketplace for lenders and borrowers to meet. You can search for the contact information of the lender you choose on the loaning firm website. The mode of customer support would differ from lender to lender.

Overall, Bad Credit Loans has good customer service, as other reviews will confirm to you. Many positive things have been said about this online platform, but you might be wondering if it will suit your needs.

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Is Bad Credit Loans for You?

Bad Credit Loans clearly does what it claims to do despite several negative reviews and an F rating on the Better Business Bureau, a platform that can help you meet with a reliable lender.

However, there are still aspects where they can improve their service. One of the things customers complain about is the long request form that needs to be filled before an offer is gotten. You might also not as the percentage rate offered.

The question is, are Bad Credit Loans for you? The answer to this question totally depends on you. You can try your luck there since you are free and are not obligated to accept any loan. If you find out that something about the platform doesn’t agree with you, you can opt-out. For borrowers with a bad credit score, it is actually a good place to start.

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Final Verdict

Bad Credit Loans is a good online platform to find lenders, especially when you have a low credit score. The service is totally free, and you can get approval at any time, within minutes of your meeting. Your submitted information is also safe with the encryption used on the site. You can start the process now and get that personal loan today!

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Is Bad Credit Loans Safe?

Yes, Bad Credit Loans is safe for use. They make use of the latest technology to encrypt the information you input on their website. They also do not sell your data to third parties. It is only given to suitable lenders in their network.

Do Bad Credit Loans Carry out Credit Checks?

No, Bad Credit Loans does not carry out credit checks on your bank account. However, lenders in their network could check your credit score before sending you a loan offer.

How Can I Use Bad Credit Loans’ Personal Loans?

You can use your personal loan for different purposes. It could purchase or repair an automobile, medical bills, business expenses, tax payments, or debt consolidation. Whatever you decide to use your personal loans for, ensure that you pay it back promptly.

Terms: Bad Credit Loans Review 2020: Is It The Place to Get Your Loans?

Loan amount $500 - $10,000
Loan term 3- 36 months
Min. credit score Not Available
Funds available in day or more
Est. APR 5.99% - 35.99%

Photos: Bad Credit Loans Review 2020: Is It The Place to Get Your Loans?

11 reviews for Bad Credit Loans Review 2020: Is It The Place to Get Your Loans?

3.6 out of 5
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  1. Barbara R

    Bad Credit Loans is a good platform to connect you with lot of lenders that will give you loans. I am very satisfied with their service. It is indeed free and very easy to use.

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  2. Richard S

    I needed some loan and I’ve tried them. I couldn’t navigate their site and I wasn’t able to get anything. I turned to another service

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  3. Susan J

    I was connected to some lender with very bad terms and conditions. I paid a lot of money for a personal loan. Never again.

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  4. Joseph J

    It is nice to know that you are eligible to a loan with a bad credit score. I found Bad Loans on internet, their service is free and they can connect you with different lenders. I like them very much. I used their services once, but I if I need a loan again, I will use their platform again.

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  5. Jessica T

    I checked their site. It doesn’t look to me as legate one. Maybe it is my mistake, but I will avoid sites like that. It just doesn’t make you confident to use their services.

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  6. Thomas S

    Bad loans is a good platform to get approved for loan fast. You can choose yourself with what lender you like. I used their services, they are good.

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  7. Sarah C

    I was a sceptic to use online platforms. But Bad loans is an excellent platform. You can find a lender fast and get approved. Top service and free one.

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  8. Charles K

    I like Bad Loans site. It is easy to navigate, the application is fast, approval even more fast. You will get the money within 24 hours. 5 stars service.

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  9. Karen C

    What they do is connect you with lenders which will approve a loan with a bad credit score. We need more platforms like Bad Loans. I am happy with their platform.

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  10. Christopher N

    As I am aware, they do not give loans themselves, but connect you to lenders. You can turn off the lender’s proposal and you won’t pay anything. If it suits you, you can go with it. Good service and free of charge.

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  11. Daniel L

    I went to Bad Loans when I needed some personal loan. My experience with them is good. They provide the service free of charge and you can choose with which lender to go. Although I paid huge amount in fees this was not their mistake. The choice was mine.

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