Having bad credit is one of the things that can frustrate you when you need financial help. Studies show that 16% of Americans have bad credit scores, making it tough to get personal loans. However, do you know you can get personal bad credit loans guaranteed approval in the US?
Well, most lenders understand that you need help and they are here to give you that. In this blog, we will show you potential lenders who will give you personal bad credit loans guaranteed approval $5000.
Most borrowers who get personal bad credit loans guaranteed approval from the lenders we will discuss here usually build their credit score.
Get Personal Bad Credit Loans Guaranteed Approval Today
Instead of going for payday loans, which usually have high-interest rates, we have the best sources you can get affordable personal bad credit loans guaranteed approval in the US.
1. PersonalLoans: Best for Huge Personal Bad Credit Loans Guaranteed Approval up to $35,000
Do you want a huge amount of money but have a bad credit score? Well, PersonalLoans.com has lenders who can lend up to $35,000. However, you can still access lower loan amounts starting from $250.
The APR ranges from 5.99% to 35.99% with a repayment of 3 months to 6 years. Therefore, you can select a repayment plan that fits well with you.
You can apply for loans for any purpose on this platform. Whether you want to do car repairs, home renovation, vacation, etc, you can always rely on this platform to get the help you need.
The good thing about this platform is you don’t pay anything for them to link you to a potential lender. Furthermore, this platform links you to other services that can help shape your financial freedom journey like credit monitoring.
2. CashUSA: Best Personal Bad Credit Loans Guaranteed Approval up to $10,000
This is another platform to get personal loans regardless of your credit score. Lenders on this platform can give you personal bad credit loans of up to $10,000. It’s free to submit your application on the CashUSA platform.
Lenders on CashUSA offer loans with Annual Percentage Rates (APR) ranging from 5.99% to 35.99% as of 27th April 2023. The repayment periods also range from three months to six years. In most cases, the interest rate and the repayment period you get depends on your credit score. But you will get the loan you need anyway.
3. BadCreditLoans: Best Personal Bad Credit Loans Guaranteed Approval
As the name suggests, this is a platform where people with bad credit lodge to get personal bad credit loans guaranteed approval. The lenders on the platform give you loans starting from $500 to $10,000.
The APR of the personal bad credit loans you get on ranges from 5.99% to 35.99% with a repayment term of three to 72 months.
You pay nothing when submitting your loan application on the platform. In addition, apart from personal bad credit loans guaranteed approval, this broker can link you with other services such as credit repair, debt relief, etc.
4. MoneyMutual: Best Personal Bad Credit Loans Guaranteed Approval $5,000
Over 2 million borrowers have gotten help from the MoneyMutual platform to get personal long-term and short-term loans. MoneyMutual is not a direct lender but a platform that links you to over 121 direct lenders where you get help.
To get personal bad credit loans guaranteed approval $5000 with MoneyMutual, you just fill in your details on a simple form. Afterward, the platform sends your details to their lenders and the willing lender reaches out to you.
You can get a decision within a few minutes of whether you will get the loan or not. Lenders on this platform offer you personal bad credit loans guaranteed approval $5000 and the minimum you can get is $200. The good thing is that within 24 hours, you will have your money in your bank account.
The Bottom Line
Now, you’ve seen that it’s easy to get personal bad credit loans guaranteed approval with just a few clicks. The good thing is that you can enjoy the services from the aforementioned platforms while at home.
However, you should borrow responsibly and avoid committing money mistakes that can slow your financial freedom journey. You can always ask for help whenever you need to make financial decisions.
Frequently Asked Questions
- Can I get a loan with bad credit?
Yes. You can get a loan with bad credit. However, the interest rates will be high compared to loans with good credit scores. However, you can take advantage of these bad credit loans and rebuild your credit.
- Which loan is the easiest to qualify for?
It’s easy to qualify for payday loans as long as you have a job. Most payday loan lenders don’t bother checking your credit score because all they care about is you have a payslip and you can pay them. However, these loans usually have very high-interest rates and the repayment term is usually very short.
- Why has the lender denied my loan application?
The main reason why a lender rejects a loan application is when they think you cannot repay the loan. For instance, you might not have a stable income flow, which makes them deny you a loan. However, it’s good to ask your lender why they have denied you a loan. That will help you rectify the mistake if you decide to reapply for the loan again.
