Payday loans
A payday loan is a small, short-term loan intended to cover expenses until your next payday, when you can pay it back. It's the easiest loan to get with bad credit because it typically uses your paycheck or bank account, not credit history, to approve your loan.
The best lending sources for people with bad credit
$1,000 Loans for Bad Credit
You can get a $2,000 loan with bad credit by going to a credit union, consumer finance company or online lender; taking out a loan against your home's equity; borrowing from a family member or friend; getting a payday loan; or pawning some valuables.
You'll find it very difficult to borrow with a 450 credit score, unless you're looking for a student loan. ... In particular, you're unlikely to qualify for a mortgage with a 450 credit score because FHA-backed home loans require a minimum score of 500.
LendUp is a Top-Rated Cash Advance App
LendUp offers a mobile-optimized site that's fast, easy, and responsive. Our quick online payday loan application can be completed in less than five minutes, and, in most cases, you'll get an almost instant decision on your loan.
Among the easiest loans to get is a secured loan. That's where you put up something of value in exchange for cash. Other loans that can be easy to get with bad credit include: Personal installment loans.
You may be able to qualify for an emergency loan even with bad credit. ... Due to the fact that there's more risk involved for the lender, emergency loans for those with bad credit can be expensive. Higher APRs and fees are common with bad-credit emergency loans.
Getting a small loan with bad credit is possible, but it will take a bit of legwork to determine the best options for your financial situation. You'll want to make sure to understand all of your loan's terms, so you don't end up paying astronomical interest rates or fees.
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