Review: Pros, Cons, and What We Like

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If you have bad credit, it may feel like you’ll never find a loan, but it may be easier with a marketplace like than you thought.

Do we love the fact that there’s a marketplace for bad credit loans? While we hope that everyone has the resources to have great credit and get the loans they need at affordable prices, it’s not a reality for everyone, and is a helpful resource for people in that position.

Here’s what we think of to help you decide if it’s right for you.

Online Bad Credit Personal Loans
On's Secure Website Rates & Terms
  • Loan Amount
    $500 - $10,000
  • Est. APR
    5.99% - 35.99%
  • Learn More
  • Loan Details Pros and Cons


  • 100% free to get loan quotes
  • You can compare lender options side-by-side
  • does the legwork finding applicable lenders
  • You may discover options you wouldn’t have found yourself
  • Many of the loans have flexible terms to make them affordable
  • There are unsecured loan options


  • APRs can be high for bad credit loans
  • Origination fees are often high
  • You don’t work with to close the loan. You must deal with the lender you choose

What Is

If you have bad credit, you may think securing a loan is impossible. makes it possible.

They are a marketplace for consumers with bad credit. They work as the ‘middleman’ between you and the lenders offering loans to bad credit borrowers. doesn’t write or fund the loans. They are the go-between to match you with a lender that will accept your credit as-is and give you a loan.

How Does Work?

Like most marketplaces, you complete one application, and sends it out to all matching lenders. You’ll receive offers from the lenders for you to compare.

When you choose a loan, you work directly with the lender – job is done. It’s free to use the marketplace, and you are under no obligation to accept any offers sent to you via the platform.

To be completely transparent, the terms of the loans offered will be less attractive than you’d get on a standard loan marketplace.

You’ll find lower loan amounts, higher interest rates, and higher costs, but you’ll be able to secure financing even with bad credit.

What Does Offer Consumers?

Like we said above, Badcreditloans.comis for consumers with bad credit. If you’ve been turned down for traditional loans from other lenders or lending platforms, you may find what you need on

Here’s what they offer.

Personal Loans

A personal loan helps you cover unexpected expenses. If your car breaks down or you come up short for your bills one month, a personal loan may help. Personal loans don’t require collateral, and they disburse quickly.


If your credit score doesn’t qualify you for a traditional mortgage loan, such as an FHA or USDA loan, can match you with lenders who work with borrowers with bad credit.

Like any loan, understand the terms and conditions, APR, the loan’s total cost, and ensure that you can afford the monthly payment.

Your home will be collateral if you can’t make your payments, so proceed with caution.

Student Loans

Covering school costs can be overwhelming, but helps make going to school affordable.

With many financing options for consumers with less-than-perfect credit, you can get approval in as little as a few minutes and financing finalized in a matter of days.

Business Loans

Fast access to cash is crucial to many small businesses. Without it, many companies wouldn’t make it.

Business loans through make it easy to get the financing you need fast.

The approval comes in a matter of minutes, and if you choose a lender offer, you could have the necessary funds for your business in a day or two.

Auto Loans

Buying a car is expensive and traditional banks want great credit. Dealers may offer auto loans for bad credit, but with terms most people don’t like. helps you shop around for the best terms for your situation, helping you buy the car you need without overpaying. Features and Benefits

100% Free to Use

Most services charge consumers to stay in business, but doesn’t cost consumers a dime.

You can obtain and compare as many offers as are sent to you and not pay anything. If you choose a loan and close on it, the lender pays a small commission.

Get Connected to a Lender and Compare Options

Your application with is just an online form. When you choose the offer from a partner lender, you deal with the lender from that point forward. just does the ‘in between’ work of matching you with the right lender.

You can get multiple quotes from as many lenders as finds for you, and you can compare the offers side-by-side.

It doesn’t take multiple applications or phone calls. One simple online form and a matter of a couple of hours, and you’ll have various offers to compare.

Simple Online Form

The online application is the simplest application you’ll complete. It takes only a few minutes to complete and another few minutes to receive your answer. It’s instant gratification at its finest. Interest Rates and Fees

Each lender sets their own rates and fees, just like they would if you shopped individually. While each lender bases their rates and fees on your qualifying factors, interest rates range from 5.99% – 35.99%. The lower your credit score is, the higher the interest rate you’ll pay.

Origination fees are another common fee lenders charge consumers with bad credit. You may find lenders charging 1% – 8% of the loan amount.

Read the fine print and know the total costs. An 8% origination fee even on a $2,000 loan is $160 and comes right out of your loan proceeds, leaving you with less cash.

How Does Compare to Other Lenders?

#1. vs. CashUSA

CashUSA is a marketplace like They offer personal loans from $500 to $10,000. They provide an answer in minutes.

Once you choose an offer, you work directly with the lender to close the loan. Most lenders send the money directly to your bank account within a couple of business days. Loan terms range from 3 to 72 months.

>> More: CashUSA Personal Loans Review

#2. vs. is another marketplace for consumers with bad credit.

The difference is has options for borrowers with credit scores over 580, providing them with more attractive terms than you might find on

They offer loans up to $35,000 with varying APRs and fees depending on your circumstances.

>> More: Review

#3. Avant Personal Loans vs.

Avant is a personal loan lender focusing on consumers with bad credit. They focus on borrowers with credit scores of at least 600 and offer loan terms between two and five years.

Unlike the lenders in the marketplaces, Avant doesn’t charge an origination fee, and they allow you to change your due date as needed.

They only do a soft credit pull to pre-qualify you for the loan, so it doesn’t hurt to check if you qualify.

>> More: Avant Personal Loans Review

#4. Payoff vs.

Payoff offers credit card consolidation loans to help consumers get out of debt faster, but you need at least a 640-credit score to qualify.

Their APRs range from 5.99% – 24.99% and they’ll lend between $5,000 – $40,000. Payoff will pay your creditors directly with your loan proceeds, leaving you with one loan to pay off your debts with a term of two to five years.

>> More: Payoff Personal Loans Review

Frequently Asked Questions

Is Safe to Use? takes safety seriously. They use top-quality data encryption to ensure your information is safe.

That said, some consumers have complained about unwanted phone calls and emails after applying for a loan.

This isn’t unusual for any marketplace, though. You agree to send your information to other companies, and those companies try to make a sale. Due to this, Avant is a better option if you are looking for a loan.

Is Free to Use?

Yes, doesn’t charge consumers to find a lender. If you close on a loan, the lender pays Badcreditloans. If you don’t close on a loan, they don’t get paid, but they’ll provide you with enough offers to entice you.

How Long Does it Take to Receive My Money After connects me with a Lender?

The timeframe to receive your money varies. On average, though, lenders send your money within a business day or two.

How long it takes to complete your loan also depends on the complexity of your situation and how fast you clear any conditions the lender has for your loan.

Is a Direct Lender?

No, is a marketplace, not a direct lender. They don’t underwrite the loans or fund them.

They only advertise for partner lenders, making it easier for consumers to get matched with a loan and lenders to have more access to eligible borrowers.

Bottom Line: Review

Should you use If you have bad credit, you may need it. You won’t get the best APR or fees – the loan will be expensive; we won’t sugarcoat it. But, if you have bad credit, it may be your best option.

We encourage you to work on your credit, improving your score so you can refinance the debt and secure a better interest rate so you can pay the debt off faster, leaving more money in your pocket.

Kim Pinnelli
Kim Pinnelli

Kim Pinnelli is a Senior Writer, Editor, & Product Analyst with a Bachelor’s Degree in Finance from the University of Illinois at Chicago. She has been a professional financial writer for over 15 years, and has appeared in a myriad of industry leading financial media outlets. Leveraging her personal experience, Kim is committed to helping people take charge of their personal finances and make simple financial decisions.