Top 3 Online Payday Loans and Bad Credit Loans With Guaranteed Approval


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Having a bad FICO credit score generally tends to lead to getting a higher interest rate for personal loan options. Moreover, some lenders will refuse you until you apply with a co-signer. Whether you need $100 or $5,000, it may not be that simple to get a cash advance if your credit score is under 580. Also, most loans for bad credit come with collateral or have some strict criteria you will be asked to meet. As it sometimes takes you several days or weeks to get a loan amount, most people think cash advances are not a good way to solve urgent financial problems. However, this is a misconception.

Many online lenders now provide fast personal loans you can get within a day and without a minimum credit score requirement. Although you shouldn’t expect to get the best rate with a low credit score, there are still some personal loan providers that offer reasonable loan options. Here are our choices for the best services to apply for same-day loans with guaranteed approval from a direct lender.

The Best Personal Loans for Bad Credit of November 2022

Choosing the right lender is always up to you. However, sometimes it may be pretty tough when you face the need for the first time. If there are too many offers around that make your eyes diverge, this list can probably help you make an informed lending decision. Here are our picks based on the major criteria, such as interest rate, origination fee, loan terms, eligibility criteria, speed of the funding process, and the lender’s reputation.

  1. 1F Cash Advance – Overall best bad credit loans with guaranteed approval.
  2. ASAP Finance – Best for unsecured loans with no credit check.
  3. 15M Finance – Apply for urgent loans online in minutes.

#1. 1F Cash Advance – Overall Best Bad Credit Loans With Guaranteed Approval

If you’re looking for unsecured personal loans available with any credit score, consider 1F Cash Advance as an auxiliary platform. This loan company has partner lenders across the US and can easily link you with a direct loan provider in your area. You can access up to $5,000 within 24 hours if your income is enough to afford the sum. Personal loan funds will be deposited to your active bank account as soon as the next working day. You can repay the money either in one lump sum or in installments, depending on the loan type you pick. The whole process takes place online through a convenient and informative website that also has a financial blog with useful tips on financial literacy.

“Our main goal is to show people that bad credit loans are not pure evil. As these lending products are often subject to multiple prejudices, we try to debunk myths and explain to customers how to use them correctly so their expectations can match reality.” – Latoria Williams, CEO of 1F Cash Advance.


Online application process

You don’t need to leave your place to get emergency assistance. Having a smartphone or a laptop with an internet connection is already enough. Moreover, a loan request form is pretty simple, so it takes you a few minutes to apply.

Fast loan processing

As direct lenders don’t perform hard credit inquiries through major credit bureaus, it doesn’t take much to review your application details and make a loan decision. You will get a response within an hour and the money deposit as soon as the next working day.

Service with no origination fee

The company doesn’t charge any fees for using its services. You’re welcome to apply for free.


  • You can apply fully online 24/7;
  • No origination fees;
  • Bad credit friendly;
  • Money funding within a business day;
  • Doesn’t affect your credit score.


  • Income verification is mandatory;
  • Loans may be expensive, depending on the direct lender.

#2. ASAP Finance – Best for Unsecured Loans With No Credit Check

ASAP Finance.jpg

ASAP Finance

ASAP Finance is a connecting service that boasts a high level of customer trust. If you need a bad credit loan – fill out a straightforward form on the website and give it a go. The company will share your details with reputable lenders and help you find the one that can assist you in overcoming your financial problems. You don’t need to have an ideal credit and payment history to get a cash advance. And there are no minimum credit score requirements too! In most cases, partner lenders don’t check your credit report details, so you don’t have to worry about lowering your FICO rating. You’re welcome to get loan amounts between $100 and $5,000 and spend the funds on any needs. The money will be in your checking account within 24 hours or less.

“We do our best to be fast, accessible, and affordable. Year after year, we studied our clients’ needs to create a range of financial services that would meet their expectations. So, for now, we offer the options that people can’t get from traditional lenders, no matter what their credit scores are.” – Gregory Allen, principal CEO of ASAP Finance.


High approval rate

Even if your credit score leaves much to be desired, you still have a high chance of getting a bad credit loan through the company. Lenders make soft credit checks only to estimate your creditworthiness.

Next-day funding

You don’t have to wait for weeks to get the loan amount you need desperately. ASAP Finance offers rapid direct deposits as soon as the next business day.

Straightforward submission procedure

There are just a few consistent steps you should take to complete your online application. Submitting your loan request form through the service is something you can do with your eyes shut.


  • Free-of-charge service with no origination fee;
  • Borrowers with bad credit scores are welcome;
  • No hard credit checks;
  • Fast money transfers;
  • Allows accessing multiple loan offers at once.


  • Can’t help you build your credit;
  • Have minimum annual income requirements.

#3. 15M Finance – Apply for Urgent Loans Online In Minutes

15M Finance

15M Finance is a classic example of a trusted matching marketplace. Although the platform has a higher interest rate compared to traditional lenders, it can offer you some options a bank or credit union will never be able to. First, you can complete the whole procedure totally online. Next, you don’t need to have a perfect credit history to access the money. And last but not least, your funds will be transferred to your personal bank account by the end of the next business day. Loan amounts range from $100 to $5,000, so you can cover either small or significant financial needs here. Moreover, it doesn’t affect your credit score, so it may be a good way to overcome financial emergencies while trying to improve your credit.

“Getting a loan with bad credit seems to be not an easy task until you find the right lender. We strive to help customers get the product based on their current needs. I heard a lot of negative things about payday cash advances and finally realized that people scold what they don’t understand and don’t know how to use correctly. Our loans can be a great tool for specific purposes if you know how to get the advantage of them.” – Shania Brenson, co-founder of 15M Finance.


Convenient interface

You don’t need to search for a button to click to get to the section you need or go to the next stage. The website is intuitive and easy to use for an average borrower.

High customer rating

Former clients appreciate the customer service and quality of financial products the platform offers.

No hard credit inquiries

Your credit score won’t be ruined until you make your monthly payments on time. Even if you get several personal loans within a short timeframe, your credit score will remain the same.


  • Fits for borrowers with low credit scores;
  • 24/7 online application;
  • Access to many lenders at once;
  • Direct deposit within 24 hours;
  • Simple eligibility requirements.


  • Expensive personal loans for bad credit may be offered;
  • A lender can’t guarantee you will be approved.

Understanding of Bad Credit

Before you obtain a loan, you need to understand your credit score to save time and avoid unpleasant consequences. If we will use the FICO scoring model, a bad credit score is considered between 300 and 579. However, many lenders now set higher minimum credit score requirements and approve borrowers with FICO scores over 670 only.

Whatever the amount you need, traditional lenders always perform hard credit checks through major credit reporting bureaus in order to determine your FICO score. In its turn, it shows your overall creditworthiness and helps the lender decide whether it is safe to give you the money. Thus, if you want to get a loan with bad credit, traditional financial institutions, such as banks and credit unions, are typically not the best option. And that’s the moment when personal loans for bad credit come to play.

What Are Bad Credit Loans?

A bad credit loan is a common name for a type of borrowing that works almost as a traditional personal loan but suits borrowers with poor credit scores. As they are personal loans, you can use them for any personal needs you have. Most loans for bad credit have fixed interest rates, so the amount of your monthly payment will be predictable.

Depending on the loan option you choose, you can get loan amounts from $100 to $5,000. While minimum loan amounts depend on the loan type, the maximum loan amount will also be under the influence of your monthly income and debt-to-income ratio. Loan repayment terms also vary. You may be asked to pay the money back in several weeks all at once or pay in fixed monthly installments within up to 60 months.

The main reason why these loan options are so popular is their accessibility and speed of money transfer. You can get loan proceeds even if you have a poor credit score or don’t have a credit history. The loan funds will be deposited to your active bank or savings account as soon as the next business day.

However, a bad credit personal loan often comes with a high annual percentage rate. An annual percentage rate (APR) represents the sum you have to turn back to the lender in addition to your loan principal if you use loan proceeds within the whole year. Thus, the longer your loan terms, the higher will be your final loan cost.

Types of Loans with No Credit Check

If you need emergency cash with a bad credit score, it’s better to consider a loan with no credit check. First of all, it allows you to get money rapidly due to a faster loan verification process. As these cash advances have no minimum credit score requirements, you don’t need to worry about being rejected because of your past financial missteps. Also, such loans don’t affect your credit score, so you can be sure your credit rating will remain unchanged. Here are three common types of no credit check loans you can obtain.

Online Payday Loans

A payday loan is a short-term cash advance with repayment terms between 14 and 30 days. This type of borrowing allows you to access small loan amounts of $100 to $1,000. You will be asked to repay a payday loan all at once when you receive your next paycheck. Most lenders automatically deduct money from your bank account on when due. As payday cash advances are generally expensive, you need to pay attention to the interest rates and the amount of origination fees a lender sets.

Installment Loans

Unlike a payday loan, an installment loan is a type of borrowing that offers higher loan amounts for longer terms. If you’re looking for a loan amount between $500 and $5,000 but want to repay the money in equal monthly payments within up to 24 months, personal installment loans will probably work for you. However, keep in mind that the longer loan term, the higher the loan total cost.

Bad Credit Personal Loans

Bad credit personal loans are financial products that are most similar to traditional cash advances from a bank or a credit union. The difference is that you can still get them with a low credit score. Personal loan providers usually allow you to access up to $15,000 with repayment terms of up to 60 months. However, you need to be ready to verify your steady income to get such a high loan amount with poor credit.

When Might Online Personal Loans Be a Good Idea?

Although many people try to avoid debt, sometimes getting a loan may be a necessity. People usually obtain them to cover emergency expenses, such as medical bills, utilities, car or appliance repairs, credit card payments, or some daily essentials. However, there are some situations when loans for bad credit can even bring some benefits to your life. For example, bad credit loans may work for you if you want to consolidate debt. It means that you will use the loan amount to combine all your existing debt into a new one to make it easier to manage your finances. Debt consolidation loans can also save you money in the long run if you will get a new loan with lower interest rates than your initial debt.

Alternative Ways of Getting a Loan With a Bad Credit Score

Sometimes a personal loan for bad credit may not suit your current situation, even if your FICO score is low. In this case, you can consider some alternative options that are able to help you improve your financial health.

Consider a Secured Loan

Secured personal loans can provide you with extensive loan amounts at competitive interest rates by using some of your property as a pledge. The most popular types of secured loans are home equity loans, auto title loans, and passbook loans. Secured loans are available for borrowers with poor credit scores as lenders can easily offset the risk of non-payment by repossessing your collateral. Thus, you can lose your property if you won’t able to repay the loan on time for some reason. As a secured loan is usually a product offered by traditional financial institutions, a loan provider will check your credit score, credit usage, and debt-to-income ratio anyway, so applying for such a loan can temporarily lower your credit rating.

Use an Instant Cash Advance App

If you need a cash advance, no credit check app may work for you too. Cash advance apps offer online loans with no credit check that are similar to loans till payday but usually come with a lower origination fee. When you use an app to get cash advance loans, your maximum loan amount will be limited to a percentage of your next salary. Thus, it will be easier for you to repay the funds.

Borrow from Your Family Members

If you don’t want to pay high interest rates to a lender and need a trifling amount to cover your cash shortages, ask your family or friends for help. Although sometimes it may affect your relationship in case of any repayment delays, it is also a good way to save money and get beneficial loan conditions. Just make sure you can return the money on time.

Apply for Joint Personal Loans

Even if your credit is bad, you can still get a traditional personal loan without tying up any collateral. If your friend or spouse has a good credit score, ask them to become your co-borrower and apply for a joint personal loan. In this way, you can get an unsecured loan at competitive interest rates. However, a lender will expect both of you will fulfill your debt payment obligations.

Tips on Picking No Credit Check Loans

Your lending experience largely depends on the lender you choose, so you need to be attentive at the selection stage. Here are some things you should pay attention to before making a lending decision:

  • Consider several offers. Each lender has its loan terms and conditions. You need to compare at least a couple of companies in terms of interest rates, loan terms, and origination fee amounts and pick the lender with the most favorable loan stipulations;
  • Ask a lender about prepayment penalties if you’re going to repay the loan early. As most lenders earn money from your interest, they may charge additional fees for repaying a loan in advance;
  • Review some customer experiences using popular online platforms. It will help you avoid scammers and get ready for all the pitfalls;
  • Don’t obtain more than you need. Whether you want to make a debt consolidation or cover your daily basics, your personal loan amount shouldn’t exceed your current needs. Even if a lender approves you for a higher amount, take out exactly the sum you need to avoid getting into a debt trap;
  • Read your loan agreement carefully. If something seems suspicious to you, contact the lender or seek credit counseling before signing.

Requirements for Getting Payday Loans Online

If you’re looking for a cash advance with guaranteed loan approval no credit check, online payday loans are closest to your expectations. Although online lenders can still reject your loan request and will make a soft credit inquiry to check your creditworthiness, they have minimum eligibility requirements almost all Americans can meet. In most cases, you just need to reach the age of majority in your state, be a permanent US resident, have a valid ID, active bank account, and a stable source of income you can verify. Also, you should provide a lender with your personal data, such as full name, permanent address, email, and mobile phone number.


Where Can I Get Payday Loans Online No Credit Check Instant Approval?

Bad credit loans guaranteed approval are offered by private lending companies, online lenders, and various connecting services. Shop around to find a reasonable offer in your area, or consider online marketplaces from our list.

What Is The Best Personal Loan to Choose?

It always depends on many factors, such as your current needs and financial situation. However, you should try to pick the loan with the lowest possible interest rates, convenient terms, a low origination fee, and affordable monthly payment.

How Fast Can I Get a Bad Credit Personal Loan?

Lenders usually make direct deposits as soon as the next business day. Nevertheless, some loan providers may offer options with same-day funding too.

Can I Get an Unsecured Loan With a Bad Credit History?

Sure, you can if you choose a personal loan provider that specializes in bad credit loans. Such lenders usually don’t have minimum credit score requirements and allow you to access cash with any credit.

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