Loans for Bad Credit
300–579Limited options, but better than payday loans. We can help.
Bad Credit Loan Overview
Bad credit (below 580) makes borrowing challenging, but there are legitimate options that are far better than predatory payday lenders. Some online lenders use alternative underwriting that considers income, employment stability, and banking history — not just your FICO score. These loans carry higher rates, but they report to credit bureaus, helping you rebuild.
Score Range
300–579
Typical APR
29.99% – 35.99%
Approval Odds
Low to Moderate
Tips for Bad Credit Borrowers
NEVER use payday loans or title loans — they make your situation worse
Look for lenders that use alternative underwriting beyond credit scores
A co-signer can dramatically improve your approval odds
Start small — a $1,000–$2,000 loan paid on time builds credit fast
Consider credit-builder loans from credit unions
Best Lenders for Bad Credit
OppFi, MoneyLion, and credit union credit-builder loans are your best options. Avoid any lender charging over 36% APR — it's likely predatory.
Upgrade
4.3 / 5.0
Upgrade serves a wide credit range with flexible options, including secured and joint loan options for lower-credit borrowers.
APR
9.99% – 35.99%
Amount
$1,000 – $50,000
Min. Score
580
Avant
4.1 / 5.0
Avant specializes in personal loans for borrowers with average credit, offering a streamlined process and reasonable rates for the 580–700 range.
APR
9.95% – 35.99%
Amount
$2,000 – $35,000
Min. Score
580
Upstart
4.3 / 5.0
Upstart uses AI and alternative data to underwrite loans, making them ideal for young borrowers and those with limited credit history.
APR
7.80% – 35.99%
Amount
$1,000 – $50,000
Min. Score
300
OneMain Financial
3.9 / 5.0
OneMain Financial offers personal loans with in-person service at 1,400+ branches, specializing in fair and poor credit borrowers.
APR
18.00% – 35.99%
Amount
$1,500 – $20,000
Min. Score
No minimum published
Bad Credit Loan FAQs
Yes, but options are limited. Some lenders accept scores this low by looking at other factors like income and employment history. Expect higher rates and lower loan amounts.
How much do you need?
Check rates from 200+ lenders — no credit impact.