Installment Loans for Bad Credit

MoneyMutual specializes in short-term loans and they’re willing to work with borrowers of all credit types. Even if you’ve recently filed bankruptcy, it’s possible to get a short-term installment loan.

After a quick application process, you can receive your funds as early as the next business day. Although $2,500 may not solve all of your financial problems, it can at least help you survive until your next paycheck.

BadCreditLoans.com is not a direct lender. Instead, it is an online lending marketplace that can match you with lenders. Although the company advertises installment loans of up to $5,000, you should only expect to receive around $1,000 if you have bad credit.

After filling out a single application, the details will be shared with many lenders to find the best possible installment loan. The major factor in the application process is your employment status. You’ll need to be able to prove a reliable source of income that is sufficient to repay your loan over time.

CashUSA is another online lending matching service. You’ll be asked to fill out a single application that will be shared with many lenders. After you receive a match, you can receive the funds in as little as one business day.

In order to qualify for an installment loan, you must have a monthly income of at least $1,000 after taxes. Plus, you’ll need a checking account, email address, and phone number. One major feature is that your credit score is not used as an eligibility factor in your application. Plus, your credit score will not be affected by the application.

Avant is a lender that specializes in working with borrowers that have a bad credit score.

In general, the larger installment loans offered by Avant are used to consolidate other consumer debt. While the smaller loan amounts are offered on a short-term basis. You’ll need to consider your needs to determine the monthly payments that would work best for your situation.

CreditLoan works with borrowers with a range of credit backgrounds. However, your credit score will determine how much you will be allowed to borrow. For example, if your credit score is below 630, then you will not be able to qualify for installment loans of more than $5,000.

Although CreditLoan is not a direct lender, it will match you with lenders that are willing to work with you. In most cases, the company can help you find a lender that can provide you with funding.

NetCredit is a direct lender that can provide you with the funds you need. The company offers loans up to $10,000 but will not check your credit score to determine your eligibility. However, the interest rates associated with NetCredit loans are usually quite steep. Although it will vary based on your state, you can expect to see interest rates that range from 35% to 155%.

One interesting perk of NetCredit is that you can return your loan within one business day if you change your mind about the loan. So, no need to worry about borrower’s remorse with this loan.