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Bad Credit Loan Lenders
11 May 2018

What are the Best Bad Credit Loan Lenders

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Research indicates that there is as much as $1.2 trillion in student loan debt in America.

And that’s just for students. The truth is you might take a loan out for big expenses that come along when you least expect it. And without some bad credit loan lenders, it would be impossible for some people to get money when they need it most.

To find out what the best bad credit loan lenders are, keep reading.

That’s right – the website you are currently reading helps people find the best bad credit loans lenders. If you fill out the application on our website, you can request a loan of any size and will provide you almost instantly with the best lender for your credit score and personal situation.

The BonsaiFinance website encrypts all of your information so that your information is protected. We are also committed to educating their customers on responsible loan lending.

It’s a quick and easy tool and there are no fees required to take out the loan. Bonsai Finance offers a variety of loans including:

There are simple requirements for taking out a loan, for example, you need to be 18 years old. You will also need to fill out some personal information as well as provide the bank you wish for the money to be deposited.

The APR on a loan from this site can range from 5.99% to 35.99% depending on the specific loan.


Upstart offers personal loans where education and experience determine the amount and rate of a loan you get. Checking the rate is absolutely free and they offer loans for anywhere between $1,000- $50,000. Borrowers end up saving money because the rates are often lower than their credit cards.

They offer loans to those with credit scores 620 and above. This is a good option for those who also don’t have much of a credit history. The estimated APR for Upstart is 17.5%.

You can also take out loans with terms from 3 years to 5 years. They also secure your data within their website so it is never sold to other companies.


OneMain is a great network of bad credit loan lenders as well. This company has an easy online loan application that you would fill out on their website and there is no fee it. Their main expertise is personal loans and they offer secure loans and unsecured loan.

The one you would get depends on how bad your credit score is and the amount you would need to take out. They also promise a fast approval process. A person with really bad credit can get a loan of up to $10,000, but they offer ones up to $25,000.

Although the application is online they also have over 1,600 branches that you can go to if you need to see someone in person. They also have a good reputation from the Better Business Bureau. The APR on a loan from OneMain can range from 17.59% and 35.99%


Upgrade offers loans to people with minimum credit scores of 620. Their process includes checking your rate on their website with a one-page application, choose the amount you qualify for, and then they will send the money to your bank within one day of verification.

The company also offers other ways to help borrowers. They give them extensive monitoring, alerts, and education. So to help better inform those who are taking out the loans. They have headquarters in San Francisco, Phoenix, and Montreal.

The loans that Upgrade offers range from $1,000 to $50,000. And they have an APR of 6-36%.


Avant is a company that is actually located in 46 states. It offers an entire dashboard and mobile app to help you keep track of your loan while you are repaying it. They also have customer support 7 days a week to help you with any questions you may have.

The loan amounts range from $2,000-$35,000. And your term to repay can be anywhere from 24 to 60 months. You may also get access to your loan as fast as one business day after accepting it.

They have a good rating with the Better Business Bureau as well. And their APR’s range from 9.95% – 35.99%.


Payoff is a company that gives people loans to pay off their credit card debt. You’ll be able to check your rate on their website for free and it won’t hurt your existing credit score. The payment is monthly and the minimum credit score required is 660.

The only downside to using a loan from Payoff is that it must only be used for paying off credit card debt, nothing else. There are no late fees for the loans and it also is structured that by repaying the loan you will increase your credit score.

Another great thing about Payoff is that the rate is usually lower than the traditional credit card. The loan amount ranges from $5,000 to $35,000. And APR can range from 8%-22%.

Marcus by Goldman Sachs

Marcus by Goldman Sachs is a bad credit loan lender that offers loans to people with as low as 660 credit scores. This company is available for all states except for Maryland. And will provide loans up to $40,000.

They also are committed to never giving out any fees. Their process to a personal loan includes you telling them about yourself so they can craft a customized loan for you. You will get to choose your own loan and they fill out an application accordingly.

This is a great option for those looking to consolidate multiple loans into one. They even offer loan specialists for you to talk to. They have an APR that is estimated to be 16%.

Lending Club

The Lending Club offers personal and business loans. The personal loans can be up to $40,000. And the business loans can be up to $300,000. The minimum cred score they will lend to is 600. They also require fixed monthly payments.

They offer loans for credit card debt, consolidation, home improvements, and major expenses. Their APR rate is up to 33.5%.

More Information On Consolidating Loans

It can sometimes seem like there are millions of different kinds of loans to settle debts. And it can be tempting to take out more than one. But at the end of the day its money you need to pay back.

Taken out more than you can handle? Check out our page on debt consolidation.