Best Bad Credit Loans With Guaranteed Approval and No Credit Check | Top 3 Online Offers For October 2022

9:59 AM, Oct 10, 2022
9:59 AM, Oct 10, 2022
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What Are The Best Loans for Bad Credit Online?

It doesn't matter how hard you try to avoid debt, you can find yourself in urgent need of money at least once in a lifetime. Of course, things become easier for you if you have enough savings to overcome financial emergencies. However, statistics show that about 40% of Americans can't cover their $1,000 unplanned expenses with the balances of their savings accounts. But things can get even harder if you have a bad credit score. To help poor credit score borrowers access obtainable financial support, online lenders set about creating a reasonable financial solution – online installment loans for bad credit.

However, choosing the right loan and direct lender is crucial to avoid unpleasant long-running consequences. If multiple offers caught you by surprise and you don't know which one to choose, take a closer look at our pick for the top 3 companies with the best same-day loans with guaranteed approval and no credit check.

Top 3 Companies With The Best Personal Loans for Bad Credit

  1. 1F Cash Advance – Overall best online loans for bad credit.
  2. ASAP Finance – Get no credit check loans guaranteed approval instantly.
  3. 15M Finance – Best for no credit check installment loans.

#1. 1F Cash Advance – Overall Best Online Loans for Bad Credit

1F Cash Advance is a well-known service in the bad credit loan space. This online platform is dedicated to matching you with one of the multiple lenders it works with. It means that you can access hundreds of offers at once just by entering your details in a submission form. As the loan application process takes place online, you can apply from anywhere in the country in minutes.

The company's partner lenders are focused on emergency assistance, so they streamline the loan processing in order to make it faster. They don't perform hard credit checks and ignore your credit score to make personal loans more affordable. Therefore, you can get up to $5,000 with any credit history. The customers also mention a convenient website with an intuitive interface and almost instant money funding within one business day.


Informative website

You can access all the information about the products the company offers before applying to make an informed decision.

Free of charge service

The company has no origination fees you will be asked to pay to apply. Thus, you can submit a form multiple times until you get an offer that suits your needs.

Rapid loan processing

Consider the service if you need fast financial support. It takes you about 15 minutes to apply and get a loan decision and one business day to access the loan funds.


  • Bad credit friendly;
  • Convenient application form available 24/7;
  • Simple basic qualifications;
  • Fast loan processing and money funding.


  • A lender may set an origination fee in addition to an interest rate;
  • Loan costs may be high for people with bad credit scores.

#2. ASAP Finance – Get No Credit Check Loans Guaranteed Approval Instantly

Getting a bad credit personal loan is a piece of cake if you do your business with ASAP Finance. This is an online marketplace that partners with many lenders at a time and allows you to get up to $5,000 on any needs. Thus, you can use a loan amount as a debt consolidation loan or cover your medical bills and utilities, as well as buy daily essentials if you suddenly run out of money and can't wait until you receive your next paycheck. The company is known for its impressive acceptance rate for poor credit score applicants, so customers often call it loans guaranteed.

Another feature is the straightforward process of obtaining a personal loan. Even a novice internet user can manage it without any additional help. It seems like the company has created every detail for the customers' convenience. All you need is to follow a simple step-by-step instruction.


Next-Day Funding

Unlike a bank or credit union, online lenders don't check your data through major credit bureaus, so it also affects the speed of the funding process. You don't need to wait for days until your loan verification is complete.

Almost guaranteed loans

The company struggles with complexity and stands for equal credit opportunities for people with both bad and good credit. Therefore, the approval rate is usually pretty high.

No restrictions on the loan purpose

You're the only one who can decide on what you can spend the money for and evaluate how important it is for you. Feel free to cover any unplanned expenses or even sudden wants.


  • Streamlined loan processing;
  • Apply 24/7 from anywhere;
  • Unsecured loans with no collateral;
  • Nest-day direct deposit;
  • No minimum credit score requirements.


  • Bad credit loans may be expensive;
  • Income verification may be required.

#3. 15M Finance – Best for No Credit Check Installment Loans

If it's important for you to avoid records in a credit report and leave your credit score unchanged, loans from 15M Finance are a great choice. The service is a bridge between you and a trusted lender that operates in your state. Therefore, you don't need to spend time searching for a reliable loan provider.

People who meet the company's simple requirements can access up to $5,000 and repay the money either in one large sum or in fixed monthly payments within 3 to 24 months. It's worth saying that you don't need to fit any minimum credit score criteria. The company accepts people with any FICO ratings, so don't be scared of your past financial mistakes.


Service with soft credit checks only

If you want to improve your bad credit but can't get out of financial emergencies on your own, loans from 15M Finance can provide you with the needed personal loan amount without any impact on your credit history.

Convenient website

The website grabs attention but still stays intuitive and easy to use. Everything you may need is just one click away.

Customer experience

Most consumers were satisfied with doing business with the service. They often mention rapid money transfers and admit that the company's loan options are good for emergencies.


  • Online application process that works day and night;
  • Money access within one business day after approval;
  • Bad credit, welcome;
  • Loans that leave no records in your credit report;
  • Easy-to-get lending options.


  • High interest rates may be offered;
  • Lenders take into account your income and existing debt.

How We've Selected The Services for Bad Credit Loans Guaranteed Approval?

Any sample is based on small research that is conducted on several parameters. First, we chose about 100 popular lending companies and started comparing them based on the following features.

Interest rates and fees

Almost everyone knows that the lower an interest rate, the less you will have to repay. However, loan fees are another feature that can make your loan even more expensive. We've picked the services with no application fees and reasonable rates for the space they work in.

Repayment terms

It's pretty good if you can choose the loan terms that suit your financial situation. Also, loan terms impact the amount of your monthly payment, so the longer the terms, the less you need to pay per month. And the higher your overpayment, by the way. However, the companies we've selected provide options with repayment terms of up to 24 months.

Submission procedure

We were focused on how simple the application form is and whether it is possible to complete it without additional assistance.

Basic requirements

Although bad credit loans may be costly, they compensate for it with simple eligibility criteria. Therefore, the companies we've chosen reduce eligibility requirements to the minimum to make their loans affordable.

Lender's reputation

Even if the lender offers a seemingly great product, it's important to pay attention to the experience of previous borrowers. Thus, we've reviewed numerous platforms to find out whether the customers are satisfied with their lending experiences and picked the companies with high customer ratings only.

How to Choose Loans for People With Bad Credit – Short Guide

First of all, you shouldn't expect to get the overall best personal loan offer if your credit score is low. However, it doesn't mean that you have to accept the first available option with unfavorable terms. There are plenty of offers from various lenders, so one can always turn out to be better than another. You should shop around and compare at least several online personal loans to make sure the product you obtain is reasonable. Here are some tips that will help you with this:

  • Take a look at an interest rate and loan origination fee. Try to always choose an option with the lowest interest rate and lender's charge;
  • Don't obtain more than you need. Even if a lender approves you for a higher loan amount, take out exactly as much as you need. The higher loan amounts, the more you will have to pay, even if the difference seems small;
  • Learn more about the lender. Do some small research and read customers' reviews or ask your friends whether they heard something about the company. Choose a reliable lender only to avoid negative effects;
  • Make sure the deal is worth it. For example, if you're going to consolidate debt, you need to pay attention to both the monthly payment amount and the total loan cost. Debt consolidation loans should not only help you avoid missed payments but also save money in the long run;
  • Feel free to ask questions. If at least one sentence in the loan agreement is not clear to you, ask the lender to explain it to you in more detail. Also, get things straight before applying. Wonder about eligibility requirements, credit scores, checks, or any other features that are important for you.

What Are Unsecured Loans for Poor Credit?

Unsecured personal loans for bad credit are accessible alternatives to traditional loans from banks and credit unions. They were created for people with poor credit scores or those who need money fast. These loans can be divided into several types with different loan terms and maximum and minimum loan amounts. Generally, you can access between $100 and $15,000. The exact sum you can obtain depends on multiple factors, such as the loan type, the lender, and your income. A minimum loan amount also depends on your location because some types of bad credit loans may be banned in some states.

The personal loan name speaks for itself, so you've probably guessed that these cash advances have no restrictions on your minimum credit score. Online lenders also don't make hard credit inquiries through major credit reporting bureaus, so these loans don't leave any records in applicants' credit reports. At the same time, bad credit loans are typically expensive, so it's the price you need to pay for accessibility.

What Type Of Bad Credit Personal Loan Should I Choose?

Actually, we don't have a simple answer to this question. An option that works for one may be inappropriate for another. However, you can decide it on your own if you know what types of bad credit loans are and how they differ. Here are some loan products available for applicants with low credit scores.

Payday loans

A payday loan is a cash advance that allows you to obtain small loan amounts up to $1,000. You will be asked to repay the money in one lump sum by your next paycheck. Online payday loans are unsecured loans that don't require a pledge. Although they are easy to get,especially using the payday loan app, some people consider them stressful due to the high cost and inconvenient repayment schedule.

Installment loans

Installment loans are no credit check loans that you can pay off in equal monthly payments within up to 24 months. An installment cash advance offers a loan amount of up to $5,000 and can meet your long-term needs or even help you make major purchases. It is also an unsecured loan that doesn't require collateral but comes with a high cost.

Bad credit personal loans

A bad credit personal loan is an option that is similar to traditional personal loans. It has a reasonable interest rate, an up to $15,000 loan amount, and flexible repayment terms of up to 60 months. Like any unsecured personal loan, it doesn't require a pledge. However, you should be ready to meet higher income requirements to get one.

Joint personal loans

This product allows you to access the loan amount you need by asking a person with good credit to become a co-borrower. Unfortunately, it may be hard to find a lender that provides joint options.

Credit card cash advances

Some credit card issuers also offer credit lines for people with bad FICO scores. Thus, if you want to have money on hand, just in case, this option may be your best solution. But pick a trusted credit card company and try to avoid unnecessary spending.

Secured loans

A secured loan is a type of borrowing that requires collateral. It may be the balance of your savings account, a car, home, or even jewelry you own. You can usually get loan amounts up to 50% of your property value, even with a low credit score, and use it for any purpose. A secured loan typically comes with low interest rates and the risk of losing your property if something goes wrong with your monthly payments. The most popular types of secured loans are home equity loans, auto loans, car title loans, and pawn shop loans.


Can I Get Online Personal Loans With Bad Credit?

Yes, you can! These loans were created just for people who can't seek help from traditional lenders. So, you're welcome to get a personal loan with bad credit if you find the right loan provider and meet all its eligibility requirements.

Where Can I Get Instant Payday Loans Online Guaranteed Approval?

Consider local lending companies nearby, search for online lenders, or choose the one from our list of trusted matching services that operate in your state.

What Is The Best Online Personal Loan With Bad Credit?

It depends on what you expect from a loan. Commonly, the best loan is the one with a low APR, no origination fee, flexible terms, suitable amounts, and convenient monthly payments. But it is hard to find the one that meets all these conditions.

Can I Get a Cash Advance Online Same Day?

You typically will get a loan for bad credit as soon as the next business day. Nevertheless, some loan providers offer same-day funding, so it depends on a particular lender.

Are Guaranteed No Credit Check Loans Really Exist?

In most cases, a lender can't approve you only by submitting a loan application form. It needs to check your details through free resources to find out whether you're a reliable borrower who can turn the money back. Thus, it will check your credit and payment history in any available ways, although it won't affect your credit. Therefore, you can still get a negative loan decision in the end.

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