Do you have a rainy-day fund? Something to help you get through difficult times without you having to turn to anyone? If you do, then good for you. But, chances are that, like many other people, you don’t have enough set aside to help you through tough situations. What do you do in such instances? You get help from others. You can turn to your family and friends, or you can turn to the bank to give you financial assistance, in the form of loans. However, the loans depend on your credit score. If you have a bad credit score, you’ll need to research a lot for the loans you can get. Not to worry though, because we have compiled a list of the best personal loans companies for bad credit, so you can have it a little easier.
The Best Personal Loans Companies for Bad Credit
So, let’s delve right into the best personal loans companies for bad credit:
Founded in 1998, BadCreditLoans gives personal loans between $500 to $5,000 with interest rates that range from 5.99% to 35.99%. The loan term can be as short as 3 months to as long as 60 months or 5 years.
With a large network of lenders and options for people with bad credit, CashAdvance is another option when we discuss the best personal loans companies for bad credit. The loan amount can be between $100 to $1,000 and the interest rate usually ranges from 200% to 2,290%.
One of the best personal loans companies for bad credit is CashUSA as you can get a loan for $1,000 to $10,000 with interest rates of 5.99% to 35.99%. You can return the loan anytime between 3 to 60 months.
Then there is MoneyMutual which is an online marketplace for lenders. You can take out a personal loan for amounts up to $2,500. Both the interest rates and the loan terms vary according to your loan.
PersonalLoans has a large lender network and you can take out personal loans for amounts between $2,000 to $35,000 that you can pay back in 3 to 72 months. The interest rates are competitive which range from 5.99% to 35.99%.
The last company on the best personal loans companies for bad credit list is SignatureLoan which lets you take loans for $1,000 to $35,000. You can pay the loan back within 3 to 72 months with an interest rate between 5.99% to 35.99%.