Best personal loans for people with bad credit scores in the USA in 2024

If you have a bad credit score, it can be difficult to find a personal loan that will work for you. This is a real problem. There are a lot of companies out there and not all of them would be good to work with. So, I am going to walk you through the best personal loan companies for people with bad credit in 2024.

Most companies that lend to people with bad credit do so under state regulations. Very few offer loans through a bank partner. That means that what you can borrow will depend on which state you live in. Your state will also impact the cost of the loans and the kinds of fees that can be charged.

In this part of the lending market, the amount you need to borrow can also have huge implications on the kind of loan you can get…and how much that loan would cost you. For instance, if you are looking for a small-dollar loan–say, something under $500–the APR can be 2, 3, or 4 times higher than for larger loans. That is a very different kind of loan than if you need a $2,000 loan over 3 years. For short-term lending, pay close attention to the total interest paid and not just the APR.

Personal loans for people with bad credit can be very expensive. Why? Well, they have to compensate for people who default on their loans. The truth is that a vast majority of borrowers will not default and will pay off their loans, but the ones who do default can cost the company a lot of money. If the lender could predict who would have a hard time repaying and who wouldn’t, they could lower the price for everyone. But, that is much harder to do than it sounds.

People with bad credit are the most vulnerable to bad loans. Don’t ever take the first loan you apply for. Shop around! Every lender has a different criteria for deciding who to lend to. You can check up to 40 lenders at once at TheYukonProject. Pick a lender and apply. We will check your rates with other lenders and then bring you the best offers.

So, what are the best personal loans for people with bad credit? I’m going to tell you what to like about each one as well as what to look out for.

Tailored & actionable steps to a 700 credit score

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[mdkayes]

I applied every single one of them no one offered me a penny I've a 630 credit score such a shame...for just $5, 000

[AlmightyKes]

Would this be a good choice to not be credit debt anymore? And just pay the loan off and that be the only worry?

[KingLeRoy]

I've applied for every loan in the links, no results. Feel like Im banned from getting a loan. Looking to obtain an $800-$1100.

[erikacain]

I’ve used Opp loans and Net credit. Yes the rates were high but they helped when no one else would

[samualjohnson]

I’m a disabled veteran on a fixed income but have to get my car out of the shop today. I’m struggling to find a loan as well.

[path]

I tried one of the companies, but I need at least $5000 to fix my car. But they will only OK $1700 so I did not take it. Which company is most likely to give me the full amount I need? I have a low credit of 600.

[anaramon]

They make it seem like coming back. Credit is a crime when it’s not they should focus on the income that the person gets every month that they have the money to pay back.

[jeffzawislak]

What the hell am I supposed to do here? I'm trying to get another car to get back to doing giga economy work. I'm working at a job making $2000 a month after-tax. I can't even afford an apartment. I can't even get alone for $200. At 300% interest. There's not a single cash advance app. That would give me more than $40 and I gotta pay them $5 to find out if even though give me that. What the hell am I supposed to do? I'm trying to come up with 3 grand to pay for a car. And I can't even do that. What the the point in all of this. I live with friends and I use a commercial address for mailing purposes and when I can afford it?I live in hotels.So I don't have to deal with my friends And I use speech to talk to do this.

[anaramon]

At least is better applying for loans and just telling your situation to a human that doesn’t want to help you at the end

[josephberkeley]

Cap onemain is not giving you a loan with bad credit

[Daflavors]

Chances of getting A $1500 loan With 538 credit score

[tjpoe]

Don’t not get a loan is the best option

[lcezhrw]

Off topic wassup wit the whip in back 🤔🤔🤔

[dai]

None of these shits work. I’m tired of these videos making it seem like we can approved with bad credit

[A.Moniriqbal]

Stop lying! It’s not 1-5 not even 10%APR it’s 35.99% for average to bad credits.
STOP MISLEADING PEOPLE.