Here's Bad Credit Loans Review 2020 (January) | Credit Raters
Last updated: 2nd Apr 2020

Bad Credit Loans Review


Bad Credit Loans has been connecting American borrowers to reputable bad credit lenders for more than 20 years. This specialist online broker works with hundreds of lenders from across the market to help those with a less than perfect credit score to access emergency funds when they’re most needed.

Check out our Bad Credit Loans review below and discover their benefits, learn about eligibility and find out how you can apply today.

Also Check: NetCredit Personal Loans Review

Bad Credit Loans In Numbers

It’s always tricky to give indicative numbers when looking at non-direct lenders, however Bad Credit Loans are super helpful in that they provide comparisons and example rates on their website based on previous loans they’ve administered.

Lender Bad Credit Loans Borrowing Limits Bad Credit Loans Repayments Terms Indicative APR
Bad Credit Loans Panel $500 – $5,000 3 – 36 months 187%
Direct Lender Competitor $100 – $500 1-6 months 412%

Key Features

The fact that there’s no one size fits all solution when it comes to bad credit lending makes Bad Credit Loans even more attractive. By pulling together a host of specialist bad credit lenders from across the US, you’ll have a wider choice of options than you would approaching an individual direct lender.

Because of their niche approach to bad credit lending, it’s worth taking a glance below at our pros and cons to see if you feel they meet your needs.

  • Able to assist borrowers from all credit backgrounds
  • Loans are unsecured meaning none of your assets are at risk
  • Accepted loans typically deposited within 24 hours
  • Expensive for those with a strong credit history
  • Not a direct lender


No! Bad Credit Loans will connect you with suitable lenders completely free of charge with no hidden fees or nasty surprises.

They’ll be paid directly from the lender you choose, helping to keep the overall costs to you as low as possible.

The applications takes a just few minutes to complete and some lenders are even able to make deposits on the very same day that you’re accepted.

Remember, Bad Credit Loans is not a direct lender so the time it takes for deposits to be made will vary.

Eligibility Criteria

Loans like Bad Credit Loans are not just suitable for those with bad credit but can be a fantastic resource for those on benefits or even unemployed. It really does come down to affordability, although you’ll need to ensure that you meet the following legal requirements to be considered:

  • Be at least 18 of age at the point of application
  • Have a US checking account in your own name
  • Have a consistent form of income, whether through employment, welfare or elsewhere
  • Be a US citizen or have a permanent right to reside in the US

Of course, this list is not restrictive and some lenders will employ different eligibility criteria to others, but generally speaking you will need to meet all of these requirements when applying for loans like Bad Credit Loans.

State Availability

As discussed already in this Bad Credit Loans review, they act as an introducer between you and suitable lenders meaning that aren’t themselves bound by specific state lending laws.

As part of their service, they will ensure that all loans presented to you for selection are regulated in your state, giving you the peace of mind that you won’t be wasting your applying to lenders who cant legally accept you.

Also Check:


Customer support

Based in Tacoma, Washington, Bad Credit Loans offer support on all services that you can access on their site. However, it’s important that any queries about your loan are directed to your lender as Bad Credit Loans will not be able to access your private financial agreements.

Contact Bad Credit Loans:

Telephone 800-245-5626
Address 2661 N Pearl St. #431 Tacoma, WA 98407

Their friendly team aim to respond to all online and telephone queries within five business days.

Application Process

The Bad Credit Loans application process takes just a couple of minutes. Once completed, you’ll be presented with a selection of bad credit loan options based on the information you’ve provided.

Here’s our step by step guide to applying for Bad Credit Loans online.

There’s no point in going through an entire application for a loan if you were never going to be eligible due to your age or residency. Start by filling these details on the right hand side of the screen so that Bad Credit Loans can start narrowing down suitable providers for you to choose from.

Step 1

It’s time to find out more about the type of loan you’re looking for. Choose the amount you’d like to borrow along with the reason for your loan, although rest assured that the reason won’t impact your chances of getting or not getting credit.

Step 2

The penultimate step is to simply provide contact information so that your loan offers and credit agreements can be sent out for your own records.

Step 3

The final step is to confirm your employment status and/or income. Don’t worry – all applications are treated with the utmost confidentiality so your employer won’t know you’re applying for credit.

You’ll also need to provide identification details to verify your residency and identity.

Step 4

Once completed, it’s down to you to choose the bad credit loan that can help you to best solve whatever financial emergency life has thrown your way.

Bad Credit Loans Review – Conclusion

Bad Credit Loans do a great job of bringing together loans specifically designed for those with bad credit. Whilst they don’t offer loans directly, they do have access to plenty of lenders who are ready to say yes even if you’ve been refused elsewhere.

pg slot