Best Personal Loans for Bad Credit of October 2024
Millions of Americans end up overpaying on bad credit loans every day. Payday loans and auto title loans are 10 – 50 times more expensive than personal loans! The average payday loan APR is 400%!!! Stay away from them!
But what if you are with bad credit? Can you qualify for a personal loan? Yes! Stay with us. We have something for you! In 2024, qualifying for a cheap personal loan with bad credit is possible. Personal loan rates for bad credit vary between 15% to 35.99%, which is times cheaper than traditional payday loans! First of all, watch our video that shows how people with bad credit can get a personal loan.
Best Personal Loans for Bad Credit of October 2024: Key Findings
Personal loans for bad credit range from 15% to 35.99%.
Personal loans vary between $100 to $100,000.
People with bad credit can get a personal loan.
Payday loans average at 400% APR. People with bad credit who can’t qualify for a personal loan have many options than payday loans.
Types of loans available for people with bad credit:
- Personal loans for bad credit. These range from 15% to 35.99%.
- Alternative payday loans. These range from 35.99% to 400%.
- Secured personal loans.
- Cosigner loans.
- Loans from credit unions. Credit unions offer loans, capped at 18% for people with bad credit.
- PALs. These are quick cash alternative options from credit union payday loans that are capped at 28%. PALI: up to $1,000; 1 – 6 months repayment. PAL II: up to $2,000, 1 – 12 month repayments; not requires to be a member for at least a month.
- Credit cards for bad credit.
- Credit card cash advances.
- Cash advance apps. $100 to $1,000, interest-free cash. Fast approval without a credit check.
- Buy Now Pay Later companies. Buy stuff and pay for it later.
Best Personal Loans for Bad Credit of October 2024
All personal loan companies that we list below work with people with bad credit. They are licensed, legitimate, and do NOT perform a hard inquiry on your credit file, which means you can shop around without worrying that your credit score will be affected! Here are the best of them. If you want to find all of them, visit our marketplace:
- Best personal loans for bad credit from EPF Marketplace
- Best loans for really bad credit from EPF Marketplace
