5 Best Loans for Bad Credit: Get Payday Loans & Personal Loans with Guaranteed Approval

by Neha Sharma I am Digital Marketer and SEO Expert. Currently I

You might be unsure how to borrow payday or personal loans with bad credit. Moreso, if you are planning to borrow online. Your bad credit might land you in the hands of online lenders with exorbitant processing fees.

Luckily, we have come up with a lifetime solution. We have hand-picked the best websites offering lending services. Feel free to review the findings below. However, we will first outline the steps of applying for these loans.

Steps for Applying for Loans with Bad Credit

Applying for a payday or personal loan is easy. There are three easy steps to follow for our hand-picked websites.

Fill in the Online Form

First thing first, you need to fill out an online form. The process only takes a few minutes because you only fill in the basic information. The details include your full name, bank details, and employment history.

You should also indicate the amount of money you need to borrow. After filling in the form, you submit it and await approval.

Choose a Lender

After approval, you are given a list of lenders to offer you loans. You are allowed to choose the one you find the most befitting. It is at this point you get to interact with your lender.

The different lenders have their terms and conditions. Before choosing the preferred lender, you must check and see if you can work with their requirements.

Receiving the Money

After that, you can e-sign the contract and wait for the money to be deposited into your account. It doesn’t take longer than the next business day to get the cash. 

Top 5 Bad Credit Loan Platforms with Guaranteed Approval 

The application process is easy, as we have seen. Let’s get to the websites that use it to approve a loan despite your bad credit history. 


First, in line, we have iPaydayLoans. You will like it if you are a non-tech person. The reason being the application process is straightforward. Secondly, lenders on this website are willing to offer online loans for bad credit.

This panel of lenders offers loans with friendly interest rates. The loans they offer range from $50-$5000. However, the amount you receive depends on your ability to repay the loan.

There are no hidden charges; payday and personal loans are offered within the first 24 hours of application. The website also has a reputation for having high approval rates.

Other reasons why you should choose this platform include the following:

  • Variety of loans: There are loans for everyone even those with bad credit. So, no one is left out if you need a personal or payday loan quickly. 

  • Numerous offers: iPaydayLoans has various lenders who present you with offers and terms. You can choose the most suitable one based on the information you provide. 

  • No hidden fees: iPaydayLoans will not charge you for the service. The amount you apply for is what you get in your bank account. 

  • No paperwork: For personal and payday loans, everything happens online. You don’t need to upload any documents or provide collateral. 

Most of the loans offered on the website are unsecured. So, if you have a bad credit score and need a loan, reach out to the iPaydayLoans site for help.


CocoLoan is next in line. We could describe it as reliable. The website has lenders offering loans ranging from $100-$5000. The wide range makes it ideal for anyone borrowing any money.

Besides that, the lenders provide friendly repayment terms. Your bad credit should not stop you from applying for a loan. The website allows you to use it even with a bad credit score. However, you have to prove that you can repay the loan. Lenders confirm this by looking at your bank statement and tax returns.

You are expected to repay your payday loan during the next payday. For personal loans, the lender issues repayment dates. However, you are free to request for readjustment of dates if you find them too close.


FastTitleLoans offers a diverse range of personal loans with bad credit. The website also provides payday loans. These loans range from $100-$5000. The platform partners with lenders who have friendly repayment terms.

Upon application, the team is fast enough to verify your details and approve the money. So, if you urgently need that payday or personal loan, you can rely on the website.


Up next is the USInstallmentLoans. The interest rates are friendly even for borrowers with bad credit scores. However, once you borrow, ensure you repay within the stated periods.

Failure to do this leads to penalties, which can further damage your credit score. Some lenders also penalize early repayments. So, ensure that you carefully read and understand the loan offer before signing for a payday or personal loan.


Last but not least, we have WeLoans. The website is as reliable as the other websites. Once you apply for a loan, you only experience a five-minute waiting period before the details are approved.

Upon approval, the team forwards your details to lenders. Another reason you need to consider WeLoans is its high approval rates.

How to Choose the Best Offer for Payday and Personal Loans

There are factors you need to consider when choosing a lender.

Interest Rates

Firstly, you need to check your lender's interest rates and understand them. High-interest rates might land you a worse credit score. Ensure you select a loan with friendly repayment terms.

Approval Process

The approval process should not be lengthy and tedious. The process should take the utmost five minutes of your time.

Repayment Plans

The other important thing to check is the repayment plan. A good loan offer should have friendly repayment terms. The repayment dates should not be too close to each other.

Also, understand the penalties your loan is likely to incur if you default before engagement.

Customer Care

Before dealing with a potential lender, first, check their customer service. Ensure they have a great and reliable support team. You might want to ask questions after receiving the loan.

Also, the customer service team tells a lot about the service provider. You can tell if a lender is reliable through how they offer their customer service.


Customer care is not enough. Do your due diligence and check what other clients say about the lender. The best place to find these genuine reviews is online. 

Take Away

After reviewing the five websites, we believe you are more informed about their services. They offer great value to borrowers who have bad credit scores. Also, the application process is straightforward.

 So, if you need a payday or personal loan, reach out to any of these providers. If you feel overwhelmed by the many choices, you can try iPaydayLoans.

It was our top pick because it offers fast approvals. Besides that, it has a friendly user interface.

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About Neha Sharma Innovator   I am Digital Marketer and SEO Expert. Currently I

7 connections, 1 recommendations, 68 honor points.
Joined APSense since, September 12th, 2019, From Delhi, India.

Created on Oct 19th 2022 08:01. Viewed 951 times.


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