Personalize Results
Proudly Sponsored On

Trusted & Secure

Empowering over 1,000,000 Users Since 2017
1
best choice
https://loansunder36.com
  • Amount: $100 - $35,000
  • APR: 5.99% - 35.99%
  • Loan Terms: 3-72 months
Expand details
GET MY RATE visit LoansUnder36
Expand details

LoansUnder36 Highlights

  • Click "GET MY RATE" start your personal loan process on Loans under36's secure site and find your APR
  • LoansUnder36 presents a simple and fast way to fine a personal loan online with less than perfect credit
  • Loan funds can be used for nearly any purpose
  • Great for borrowers with damaged credit
  • Loan Term: 3-72 months
  • Applying won't affect your credit score
Learn more
2
AmOne
  • Max Loan: $50,000
  • APR: 3.49% - 35.99%
  • Loan Term: 24-84 months
Expand details
GET MY RATE visit AmOne
Expand details

AmOne Highlights

  • Click "GET MY RATE" to find your unique personal loan rate on AmOne's secure site

  • Instantly Matched to Appropriate Solutions

  • Highly Rated Providers Identified & Offered
  • Offered Nationwide Since 1999

  • U.S. Based Live Support

  • Easy & Efficient Process Saves Time
Learn more
3
NextDayPersonalLoan
Expand details
GET MY RATE visit NextDayPersonalLoan
Expand details

NextDayPersonalLoan Highlights

  • Click "GET MY RATE" to find your unique personal loan rate on NextDayPersonalLoan's secure site

  • Request a loan now, regardless of your credit score

  • Funds direct deposited to your bank as soon as the next business day
  • Recommended if you have less than perfect credit or have been denied for a loan

  • Request a loan in under 2 minutes

  • 256-bit encryption with our 100% online form
Learn more
4
https://5kfunds.com
Expand details
GET MY RATE visit 5kFunds
Expand details

5kFunds Highlights

  • Click "GET MY RATE" start your personal loan process on 5kFunds secure site and find your APR
  • 5kFunds matches you with top-rated online personal loans with absolutely no charge to you, with rates ranging from 5.99% to 35.99% APR
  • Well suited for borrowers who want a small loan of $1,000 to $3,000
  • Great for borrowers with Bad/Poor credit
  • Loan Term: 2-72 months
  • NOT recommended for good/excellent credit history
Learn more

Best Overall Choice:

1
best choice
https://loansunder36.com
  • Amount: $100 - $35,000
  • APR: 5.99% - 35.99%
  • Loan Terms: 3-72 months
Expand details
GET MY RATE visit LoansUnder36
Expand details

LoansUnder36 Highlights

  • Click "GET MY RATE" start your personal loan process on Loans under36's secure site and find your APR
  • LoansUnder36 presents a simple and fast way to fine a personal loan online with less than perfect credit
  • Loan funds can be used for nearly any purpose
  • Great for borrowers with damaged credit
  • Loan Term: 3-72 months
  • Applying won't affect your credit score
Learn more
2
AmOne
  • Max Loan: $50,000
  • APR: 3.49% - 35.99%
  • Loan Term: 24-84 months
Expand details
GET MY RATE visit AmOne
Expand details

AmOne Highlights

  • Click "GET MY RATE" to find your unique personal loan rate on AmOne's secure site

  • Instantly Matched to Appropriate Solutions

  • Highly Rated Providers Identified & Offered
  • Offered Nationwide Since 1999

  • U.S. Based Live Support

  • Easy & Efficient Process Saves Time
Learn more
3
NextDayPersonalLoan
Expand details
GET MY RATE visit NextDayPersonalLoan
Expand details

NextDayPersonalLoan Highlights

  • Click "GET MY RATE" to find your unique personal loan rate on NextDayPersonalLoan's secure site

  • Request a loan now, regardless of your credit score

  • Funds direct deposited to your bank as soon as the next business day
  • Recommended if you have less than perfect credit or have been denied for a loan

  • Request a loan in under 2 minutes

  • 256-bit encryption with our 100% online form
Learn more
4
https://5kfunds.com
Expand details
GET MY RATE visit 5kFunds
Expand details

5kFunds Highlights

  • Click "GET MY RATE" start your personal loan process on 5kFunds secure site and find your APR
  • 5kFunds matches you with top-rated online personal loans with absolutely no charge to you, with rates ranging from 5.99% to 35.99% APR
  • Well suited for borrowers who want a small loan of $1,000 to $3,000
  • Great for borrowers with Bad/Poor credit
  • Loan Term: 2-72 months
  • NOT recommended for good/excellent credit history
Learn more
Proudly Sponsored On

Can I get a Loan with Bad Credit?

Yes! Even with a bad or poor credit score, you can still get a personal loan online! Personal loans can be used for almost anything! Some of the most popular uses include:

  • Emergency cash
  • Debt consolidation
  • Paying your rent
  • Unplanned expenses
  • Major purchase
  • Home improvements and renovations
  • New boat, RV, or other item that typically doesn’t have financing
  • Medical bills
  • Virtually any other reason

According to research by Finder, roughly 83.5 million Americans have personal loans, with the most common use being credit card debt consolidation. Typically, credit cards can have APRs above 35%. Personal loans, on the other hand, typically have APRs around 7% to 30%.

Many Americans would rather pay 7% annually to borrow money, and use this borrowed money to pay off their higher interest debts, like credit cards.

Should I Get a Personal Loan?

Personal loans, often called “unsecured personal loans,” are loans that are issued to individuals based on their creditworthiness. One of the best things about personal loans is that there is no collateral involved. You don’t have to use your house, car, or any other asset to receive a personal loan.

We spent 500+ hours searching for the best personal loans of 2020, because not all personal loans are made equal. Many shady online lenders have high variable rates and lots of hidden fees. None of the lenders on this page have hidden fees, and all are highly rated and respected.

If you need to consolidate debt, finance a purchase or major event like a wedding, or if you just need cash, personal loans are a great option. The typical interest rates for personal loan range from 3.84% to 35.99%. This is significantly lower than the typical APR for a credit card, which is another common form of borrowing.

Personal Loan Myths

One of the most common misconceptions about personal loans is that a loan will harm your credit score.

Simply put, this is NOT true. Personal loans will actually improve your credit score with on-time payments.

For example, say you have $4,000 in credit card debt, and your total credit limit with your credit card company is $5,000. Since $4,000 out of the available $5,000 credit is being used, this is known as “high credit utilization” and is highly detrimental to your credit score.

Getting a loan of $4,000 will allow you to fully pay off your credit card and reduce your credit utilization. In turn, this will dramatically boost your credit score.

This is just one example of how getting a loan can actually lead to a credit score of 800+, but in general, personal loans do not hurt your credit score and are viewed as a good sign by the major credit bureaus.

What to Look for in a Personal Loan

When finalizing your personal loan, you will typically be presented with multiple offers from different lenders and banks. Make sure you pick the offer that works best for your financial situation.

Longer term loans tend to have slightly higher interest rates. Whereas, loans over shorter periods of time, like just 1 year, tend to have the lowest interest rates, but will typically see higher monthly payments.

Money Deposited in 24hrs
Any Credit Accepted
Trusted & Secure

Summary: Best Poor Credit Loan Companies for 2020

1
best choice
https://loansunder36.com
  • Amount: $100 - $35,000
  • APR: 5.99% - 35.99%
  • Loan Terms: 3-72 months
Expand details
GET MY RATE visit LoansUnder36
Expand details

LoansUnder36 Highlights

  • Click "GET MY RATE" start your personal loan process on Loans under36's secure site and find your APR
  • LoansUnder36 presents a simple and fast way to fine a personal loan online with less than perfect credit
  • Loan funds can be used for nearly any purpose
  • Great for borrowers with damaged credit
  • Loan Term: 3-72 months
  • Applying won't affect your credit score
Learn more
2
AmOne
  • Max Loan: $50,000
  • APR: 3.49% - 35.99%
  • Loan Term: 24-84 months
Expand details
GET MY RATE visit AmOne
Expand details

AmOne Highlights

  • Click "GET MY RATE" to find your unique personal loan rate on AmOne's secure site

  • Instantly Matched to Appropriate Solutions

  • Highly Rated Providers Identified & Offered
  • Offered Nationwide Since 1999

  • U.S. Based Live Support

  • Easy & Efficient Process Saves Time
Learn more
3
NextDayPersonalLoan
Expand details
GET MY RATE visit NextDayPersonalLoan
Expand details

NextDayPersonalLoan Highlights

  • Click "GET MY RATE" to find your unique personal loan rate on NextDayPersonalLoan's secure site

  • Request a loan now, regardless of your credit score

  • Funds direct deposited to your bank as soon as the next business day
  • Recommended if you have less than perfect credit or have been denied for a loan

  • Request a loan in under 2 minutes

  • 256-bit encryption with our 100% online form
Learn more
4
https://5kfunds.com
Expand details
GET MY RATE visit 5kFunds
Expand details

5kFunds Highlights

  • Click "GET MY RATE" start your personal loan process on 5kFunds secure site and find your APR
  • 5kFunds matches you with top-rated online personal loans with absolutely no charge to you, with rates ranging from 5.99% to 35.99% APR
  • Well suited for borrowers who want a small loan of $1,000 to $3,000
  • Great for borrowers with Bad/Poor credit
  • Loan Term: 2-72 months
  • NOT recommended for good/excellent credit history
Learn more
cool good eh love2 cute confused notgood numb disgusting fail