Best Short-Term Loans for Bad Credit of March 2024

ElitePersonalFinance
Last Update: September 25, 2023 Loan Reviews Loans

If you have bad credit and are looking for short-term loans, you might end up with predatory payday loans. Most payday lenders use a marketing strategy with common phrases like: No money, No problem; Instant Cash; No Credit Check.

These are all red flags for predatory lending, and if you get a payday loan, you could quickly get stuck in a debt cycle. Payday loans have an average annual percentage rate of 400%. Avoiding payday and car title loans (which take your car as collateral) is a must. These are genuine instances of predatory lending.

Instead, we recommend the cheapest and most trusted short-term loans for bad credit. The correct definition of a “short-term loan” is a loan with a term of one year or less. Short-term loans can be personal, payday, and other types. Payday loans are types of short-term loans. But not all short-term loans are payday loans. People with bad credit can still get a personal loan with an APR of up to 35.99%.

In this article, we will show you the best personal loans for bad credit, alternative payday loans, loan apps (with 0 interest), and buy-now-pay-later (with 0 interest). We will guide you on which one to choose. You can apply for personal loans of up to $250,000 with annual percentage rates below 35.99%. Even better, these personal loans for bad credit have flexible repayment terms, so you can choose a monthly payment that fits your budget. Check out our review below for more information.

To find all loans in one place, visit our marketplace.

Best Short-Term Loans for Bad Credit of March 2024: Key Findings

Short-term loans typically are also small-amount loans. Their repayment period is less, their monthly fees are higher, and their total amount paid is lower.

Before getting a loan with higher monthly fees, it is essential to examine your finances and ensure that you can afford them without problems.

Short-term personal loans have APR of 15% to 35.99%.

To create this list, we pick: short-term personal loans; alternative payday loans; loan apps; buy now pay later.

Short-term loans for bad credit are not payday loans.

Best Short-Term Loans for Bad Credit of March 2024

Because we believe in being as forthright as possible, we feel obligated to let you know that the best loan terms, APRs, and amounts are typically reserved for applicants with good to exceptional credit ratings. The personal loan rates for bad credit are between 15% to 35,99%. But that doesn’t mean you can’t get a loan that fits your budget, and it certainly doesn’t mean you can’t improve your credit score and get better rates in the future.

Moreover, competition in the lending sector is higher now than in the past. Therefore, non-traditional indicators such as income, savings, education level, and rental history can tip the tables in your favor.

Lender:Loan Amount:APR:Min. Credit Score:Terms:Best For:
ZippyLoan$100 – $15,00012.00% – 35.99%06 – 60 MonthsBad or no credit
NextDayPersonalLoan$100 – $40,000Not ListedNot ListedNot ListedComparing bad credit loans
BadCreditLoans$5,00 – $10,0005.99% – 35.99%090 Days – 6 YearsComparing bad credit loans
LendingTre$1,000 – $50,0002.49% – 35.99%6001 – 5 yearsObtaining a low APR
SeedFi$950 – $8,0007.42% – 29.99%5208 – 44 monthsHybrid loan products
OppLoans$500 – $4,00059% – 160%09 – 18 MonthsReally bad credit
NetCredit$1,000 – $10,00034% – 155%030-90 daysBorrowers who don’t need a cosigner
SoLo FundsUp to $5003% – 10%015 daysPeer-to-peer lending
BrigitUp to $2500%0Repay manually or on your next paycheckCash advances of up to $250
DaveUp to $2500%0Repay manually or on your next paycheckLow membership fees
EarninUp to $150/Day or $500/Period0%0Send a money order or wait until your next paycheck to make your repaymentNo monthly fees
AffirmUp to $17,5000% – 30%01 – 48 monthsClothing, Electronics, Furniture
KlarnaVaries0% – 24.99%01 – 36 monthsClothing, Makeup, Home Decor
AfterpayVaries0%01.5 monthsClothing, Cosmetics, Baby
Amazon$50+0%04 – 24 monthsQualifying Items

Why Trust ElitesPersonalFinance Guides?

Our marketplace is full of lenders vying for your business with low-interest rates and excellent repayment terms. ElitesPersonalFinance is one of the few natural sources to help you understand what you’re getting into before signing on the dotted line.

Regarding financial products like loans, we believe that knowledge is power. With that in mind, we work with reputable companies to ensure that our readers get the most accurate and up-to-date information.

Note that ElitesPersonalFinance strives to provide accurate and updated information. However, rates and terms are subject to change at any time. Always confirm terms and conditions with the provider before making final decisions.

ZippyLoan

Loan Amount:$100 – $15,000
APR:12.00% – 35.99%
Min. Credit Score:0
Approval:1 – 7 Days
Terms:6 Months – 5 Years
Fees:
  • The costs associated with initiating a loan can differ depending on the lender
  • Late repayment fees vary by the lender
  • Lenders rarely assess prepayment penalties.
Qualification Criteria:
  • Be at least 18 years of age
  • Receive regular government assistance or a steady paycheck.
  • To apply for a loan, please visit ZippyLoan’s online application.
Average Borrower Profile:
  • ZippyLoan is a marketplace that brings together borrowers, banks, and other lenders to provide individualized loan and financial product proposals.
  • Various financing alternatives are available regardless of your credit history.
Best For:Bad or no credit
Check rates

Zippyloan can get you a short-term loan in as little as one business day. In contrast to the more time-consuming and complicated process of obtaining a personal loan through a bank, this organization provides a much more streamlined alternative.

Zippyloan isn’t a traditional bank but a marketplace for borrowers and lenders to meet each other. Loans are issued by these institutions for various borrowers and uses.

Zippyloan’s network of lenders allows borrowers to choose between short-term and long-term loans with repayment terms ranging from 6 – 72 months and loan amounts from $100 to $15,000.

There is no minimum income requirement to apply for or get a personal loan through Zippyloan.

However, a reliable source of income is necessary. So, you’ll need to give us some essential details about yourself and your work history. A recent paycheck or other proof of income may be required by some lenders who employ online verification systems to ensure your financial stability.

The good news is that Zippyloan loans are available to people of any credit standing.

To apply, a high credit score is not required. Please remember that Zippyloan is not a lending service and cannot provide you with money. The availability of financing will so depend on the lenders in their network and your financial situation.

To illustrate financing, ZipplyLoan utilizes an APR range of 12%–35.99%. That’s why it provides personal loans to people with poor credit. Unfortunately, West Virginia, Oregon, New York, and the District of Columbia are not eligible.

Pros:

  • Online lenders at ZippyLoan offer loan amounts between $100 and $15,000.
  • Interest rates are typically between 12% to 35.99%.
  • It’s possible to borrow high loan amounts.
  • There is no required minimum FICO score.
  • The lenders in ZippyLoan’s network compete to earn your loan business.
  • Seeing your interest rate won’t affect your credit rating.

Cons:

  • ZippyLoan is unavailable in West Virginia, Oregon, New York, and the District of Columbia.
  • You’ll need to provide some personal information to start the application process.
  • ZippyLoan is not a lender, so it can’t guarantee you’ll be matched with one.
  • Fes vary by lender.

The impact of COVID-19:

While ZippyLoan does not provide programs designed to help those affected by the recent coronavirus outbreak, those in need may be eligible for a hardship waiver. To accomplish this, please call 1-844-379-8621 or contact ZippyLoan at support@zippyloan.com.

NextDayPersonalLoan

Loan Amount:$100 – $40,000
APR:Not Listed
Min. Credit Score:Not Listed
Approval:1 – 7 Days
Terms:36 – 72 months
Fees:
  • Loan origination fees vary by lender
  • Late payment fees range by lender
  • Most lenders don’t charge prepayment fees
Qualification Criteria:
  • Be at least 18 years of age
  • Have recurring employment income or government benefits
  • Fill out your information through NextDayPersonalLoan’s online portal
Average Borrower Profile:
  • NextDayPersonalLoan is a matching service that introduces consumers needing financial assistance to banks and other lenders offering suitable financial products.
  • Whether you have poor, average, sound, or exceptional credit, you should be able to find a financing solution that suits your needs.
Best For:Comparing bad credit loans
Check rates

NextDayPerosnalLoan is another short-term loan provider that offers a simple application process.

The average time to receive your loan funds is one business day, though this will depend on your bank’s processing times.

Loan amounts range from $100 to $40,000, making it an excellent option for those who need a little extra cash or a lot. Additionally, there is no minimum credit score required to apply. However, one thing to remember is that NextDayPersonalLoan is not a lender.

Instead, it’s a matching service that connects you with lenders who may be able to provide you with the loan you need. Because of this, the qualification criteria will vary depending on the lender you’re matched with.

However, NextDayPersonalLoan has origination fees that vary by lender, so be sure to ask about these before you agree to any loan.

Pros:

  • NextDayPersonalLoan can quickly get you a short-term loan of $500 to $10,000.
  • Select borrowers can be considered for the most significant loan amounts.
  • All the lenders in NextDayPersonalLoan’s network compete for your loan application.
  • In a temporary financial crunch, a small loan can be a lifesaver.
  • NextDayPersonalLoan’s service is available in all states.
  • There is no required minimum credit score.

Cons:

  • Fees on NextDayPersonalLoan are lender specific.
  • You’ll need to apply to see the terms and conditions from the lenders and get the APRs.
  • APRs for small loans could be similar to payday loans.

The impact of COVID-19:

As a comparison website, NextDayPersonalLoan cannot change existing loan arrangements. So, it’s best to contact your lender immediately to ask about any forbearance or hardship options they might have. NextDayPersonalLoan is available at 1-866-829-4551 and can provide additional assistance.

BadCreditLoans

Loan Amount:$5,00 – $10,000
APR:5.99% – 35.99%
Min. Credit Score:Not Listed
Approval:1 – 7 Days
Terms:90 Days – 6 Years
Fees:
  • Each lender has its origination fees
  • Late repayment fees vary by the lender
  • The majority of lenders will not charge prepayment fees
Qualification Criteria:
  • Be at least 18 years of age
  • Have recurring employment income or government benefits.
  • Fill out your information through BadCreditLoans’ online portal.
Average Borrower Profile:
  • Borrowers with bad credit can choose the loan or credit card that best suits their needs on BadCreditLoans.
  • There are a variety of financing alternatives available regardless of your credit history.
Best For:Comparing bad credit loans
Check rates

It’s rare to find a large marketplace that caters specifically to those with poor credit and offers personal loans. In just a few short minutes, you can have an offer of up to $1,000 at BadCreditLoans. Borrowers with the absolute worst credit can receive up to $3,000. In addition to being an adult with a stable source of income, US citizenship, an email account, and a phone number are all requirements. You’re likely to get accepted if you meet these requirements.

Additionally, BadCreditLoans will not check your credit score when you apply. Your loan amount, APR, and repayment terms will all be determined by the information you provide in your application and BadCreditLoans’ assessment of your financial situation.

However, because BadCreditLoans is a marketplace, the actual lender you’re matched with will perform a hard credit check when you apply for a loan. If approved, the funds will be deposited into your bank account within one business day.

Nonetheless, you can get a short-term loan of between $500 and $10,000 with BadCreditLoans.

Pros:

  • No application fees.
  • Easy online application.
  • Loan amounts from BadCreditLoans range from $ 500 to $10,000.
  • APRs between 5.19% and 35.99% are available.
  • Each lender in BadCreditLoans’s network is vying for your loan application.
  • BadCreditLoans’ service is available in any state.

Cons:

  • Although the interest rates are high, they are still preferable to those payday loans.
  • You may be required to provide collateral for the loan.

The impact of COVID-19:

Due to the nature of a comparison site, BadCreditLoans cannot make changes to existing loan arrangements. Therefore, it is recommended that you get in touch with your lender directly to ask about any forbearance or hardship programs they may offer. Additional assistance is available from BadCreditLoans by phone at 1-800-245-5626 or via email at support@badcreditloans.com.

LendingTree

Loan Amount:$1,000 – $50,000
APR:4.99% – 35.99%
Min. Credit Score:600
Approval:1 Day
Terms:1 – 5 Years
Fees:
  • Loan origination fee of 1% – 8%
  • You may incur late payment fees
  • Most lenders don’t charge prepayment fees
Qualification Criteria:
  • Must be over the age of 18
  • A minimum credit score of 600
  • Typically, a maximum DTI of 43% is permitted.
  • Receive regular government assistance or wage payments
  • Log in to LendingTree’s online platform and fill out the required fields.
Average Borrower Profile:
  • Customers with perfect credit can borrow $20,128 at an interest rate of 8.83%
  • Those with excellent credit can borrow $9,818 at an interest rate of 17.54%
  • Borrowing by regular employees totals $11,016
  • The average short-term loan for self-employed people is $12,266
  • Borrowing of $7,944 by part-time workers
  • Borrowing $8,254 by the unemployed
  • Most people use a personal loan to pay off high-interest credit card balances or consolidate other unsecured debts
Best For:Obtaining a low APR
Check rates

LendingTree is a fantastic comparison service for borrowers with bad to fair credit with a credit score of at least 600. You can borrow between $1,000 and $50,000 for 1-5 years at interest rates between 4.99% and 35.99%. Borrowers with poor credit, however, will likely be approved for an amount closer to the low end of the spectrum, as is the case with the other comparison sites we’ve included.

Additionally, LendingTree has a very user-friendly online platform that makes it easy to fill out the required fields and compare offers from different lenders. LendingTree provides average annual percentage rates (APRs) as a reference point:

  • When the credit score is 760 or higher, the average APR is 8.83%.
  • Generally, the average APR for a borrower with a credit score between 720 and 759 is 12.95 per cent.
  • The typical APR for someone with a credit score between 680 and 719 is 17.54%.
  • Interest rates average 22.74% for those with credit scores between 640 and 679.

As you can see, the lower your credit score, the higher the interest rate you’re likely to be approved for. However, LendingTree’s network of lenders offers some of the most competitive rates for short-term loans, making it an excellent option for borrowers with bad credit.

Another thing to remember is that LendingTree is available in every state, so you can apply no matter where you live.

LendingTree is worth considering if you’re looking for a short-term loan and have bad credit.

Pros:

  • BadCreditLoans offers loans with no application fees, easy online application, and loans from $500 to $10000.
  • BadCreditLoans has a wide range of APRs available (between 4.99% and 35.99%), making it a good option for borrowers with bad credit looking for a short-term loan.
  • LendingTree is available in every state, so you can apply no matter where you live.

Cons:

  • The maximum DTI (debt-to-income ratio) allowed by LendingTree is 43%.
  • You may incur late payment fees if you cannot make a payment on time.
  • Most lenders don’t charge prepayment fees, but LendingTree’s network may charge a loan origination fee of 1% – 8%.
  • Some lenders may charge late payment fees if you cannot make a payment on time.

The impact of COVID-19:

As a comparison platform, LendingTree does not make loans to its users. On top of that, LendingTree’s participating lenders make their own decisions about forbearance and deferment. Therefore, you should contact your lender immediately to discuss your choices. LendingTree compiled a comprehensive list of lenders and their most recent rules to provide further context.

SeedFi

Loan Amount:$300 – $4,000
APR:12.96% – 29.99%
Min. Credit Score:520
Approval:1 – 7 Days
Terms:10 – 48 Months
Fees:
  • Late payment fees are refunded at maturity
  • There are no loan origination fees
  • There are no prepayment fees
Qualification Criteria:
  • You must be 18 or older to b eligible
  • Possess a score of 520 or higher on the credit report
  • You’ll need a valid tax ID or Social Security number to apply
  • Get $10,000 or more in annual net income
  • Check out more on SeedFi’s online portal
Average Borrower Profile:
  • Has a credit score of 600
  • Has a DTI ratio of 20%
  • Has an annual income of $54,000
  • Has a monthly cash surplus of $2,000
Best For:Hybrid loan products
Check rates

SeedFi is an excellent lender to borrowers looking for hybrid loan products. To start, SeedFi caps APRs at 29.99%, which is a considerable advantage. Furthermore, their Borrow & Grow program immediately provides borrowers access to 50% of the loan amount. It sets the other 50% aside for future use, which can be helpful in cases of financial emergencies. You can borrow $300–$4,000 initially and put away $650–$4,000 to use when you need it during loan repayment.

Another perk is that late fees are refunded at maturity, provided the loan is repaid in full. However, SeedFi products are only available in 37 states, and borrowers must have a credit score of 520 or higher to be eligible. SeedFi is an excellent option for those looking for hybrid loan products.

The duration of paying a short-term loan with bad credit at SeedFi is 10 to 48 months long, and the APR starts at12.96%.

In addition, there are no origination or prepayment fees. If you make a late payment, the cost is refunded to you at maturity as long as you repay the entire loan. On top of that, you must be 18 years or older to apply.

It would help if you also had an annual income of $54,000 and a monthly cash surplus of $2000. SeedFi is worth considering if you meet these qualifications as one of the best short-term loans for bad credit.

Pros:

  • A preliminary soft credit check is performed.
  • Sends payment data to all three major credit reporting agencies.
  • No hidden costs or fees are associated with the loan’s origination or prepayment.
  • Pays back overdue costs when the loan term ends.
  • Aids debtors in setting aside money for the future.
  • Fast funding.

Cons:

  • There is no opportunity for a combined loan or co-signing.
  • There is no flexibility in the date of your first instalment.
  • Only small loans are available.
  • Not available in all states.

The impact of COVID-19:

SeedFi, a company with a business model centred upon streamlining borrowers’ financial lives, assists those struggling throughout the pandemic. You can reach SeedFi at 1-888-858-8248 or via email at help@seedfi.com if you require further assistance.

OppLoans- Alternative Payday Loan

Loan Amount:$500 – $4,000
APR:59% – 160%
Min. Credit Score:0
Approval:< 1 Day
Terms:9 – 18 Months
Fees:
  • Do not charge late payment fees
  • Do not charge loan origination fees
  • Opploans does not charge prepayment fees
Qualification Criteria:
  • You must be 18(or 19 in Nebraska &  or older to be eligible
  • It would help if you were employed or receiving government benefits to qualify for an OppLoans loan
  • OppLoans has no minimum income requirements
  • You’ll need a valid tax ID or Social Security number to apply
  • Maintain a valid bank account, either a checking or a savings one
  • Receive paychecks directly into a bank account (unless you live in New Mexico)
  • Check out more on OppLoans’s online portal
Average Borrower Profile:
  • Has a monthly gross income of $1,500
Best For:Terrible credit
Check rates

OppLoans is a short-term loan company for those with bad credit who need cash quickly but don’t want to pay the exorbitant interest rates of payday or auto-title loans. Compared to the low-interest rates offered by OppLoans, the expenses associated with payday loans can amount to annual percentage rates (APRs) of 400% or more.

OppLoans short-term loan amounts range from $500 to $4000, with APRs from 59% to 160%. The minimum credit score requirement is 0; you can have your cash in as little as one day. It would help if you were employed or received government benefits and maintained a valid bank account to qualify.

In addition, your payments to OppLoans are reported to all three major credit bureaus, unlike payday and title lending providers. Your credit score will rise as time goes on if you have a good payment history. This can improve your credit score and make it possible to get a personal loan with a reduced interest rate.
Except for the following states: Colorado, Connecticut, Illinois, Iowa, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, and West Virginia, OppLoans is available everywhere else.

On top of that, OppLoans doesn’t charge origination or prepayment fees, and there are no penalties for late payments.

Pros:

  • No minimum credit score is required.
  • Payments are reported to only three major credit bureaus.
  • No origination or prepayment fees.
  • No penalties for late payments.
  • OppFi doesn’t execute a hard credit draw but reports OppLoan payments to all three credit bureaus.
  • OppFi refers candidates who can’t get a cheaper rate to other lenders.
  • Salary determines the repayment schedule.
  • OppFi offers free lessons on budgeting, saving, using credit, and controlling debt.

Cons:

  • Only available in certain states.
  • High APRs.
  • Limited loan terms.
  • It would help if you had a checking or savings account to qualify for an OppLoans loan.
  • Your state of residence may limit the amount you can borrow from OppLoans.
  • Low loan amounts available.

The Impact of Covid-19:

OppLoans’s top-notch customer service has been maintained even though its workers have been working from home for their protection. However, business as usual has continued during this time. Lender service options include a toll-free number, (800) 990-9130, an email address, payments@opploans.com, and a website where you may view your account and make payments at your convenience.

Alternatively, if you have been affected by COVID-19 and cannot make your regular payment, please call us at (800) 990-9130.

NetCredit- Alternative Payday Loan

Loan Amount:$1,000 to $10,000
APR:34% – 155%
Min. Credit Score:Not disclosed
Approval:< 1 Day
Terms:Up to 6 months
Fees:
  • Late payment fees vary by state
  • Loan origination fees vary by state. In some states, NetCredit doesn’t charge origination fees.
  • Prepayment fees vary by state
Qualification Criteria:
  • You must be 18 years old (or 19 in Alabama and Delaware and 21 in Mississippi).
  • Possess an active, individual checking account.
  • Own a working email address.
  • Income earnings must be verifiable.
  • Check out more on NetCredit’s online portal
Average Borrower Profile:
  • Not disclosed
Best For:Borrowers who don’t need a cosigner
Check rates

NetCredit is one of the best short-term loan companies because it offers a high maximum loan amount and low APRs. You can apply for a loan from $500 to $10,000, and the maximum APR is 155%.

NetCredit also doesn’t have a minimum credit score requirement. So if you have bad credit or no credit, you can still qualify for a loan. In addition, NetCredit reports your payments to all three major credit bureaus.

On top of that, NetCredit offers free financial resources, such as articles and calculators, on its website. These resources can help you learn to budget, save, use credit, and control debt.

Nonetheless, NetCredit is only available in certain states and charges origination and prepayment fees.
Pros:

  • High maximum loan amount
  • Low APRs
  • No minimum credit score is required
  • Reports payments to all three major credit bureaus
  • Offers free financial resources on its website
  • Fast funding

Cons:

  • Only available in certain states
  • Charges origination and prepayment fees
  • High APR range

The Impact of Covid-19:

NetCredit offers support to customers affected by the Coivid-19 pandemic. You can find up-to-date information, money-saving strategies, and government assistance to help relieve the strain of the pandemic by visiting NetCredit’s Covid-19 Customer Support Center. However, for immediate assistance from the lender, please contact a representative at support@netcredit.com or (877) 392-2014.

SoLo Funds App

Loan Amount:Up to $500
APR:3% to 10%
Min. Credit Score:0
Approval:Instant
Terms:Up to 15 days
Fees:
  • A 15% late fee and a $5 processing fee are assessed.
  • Do not charge loan origination fees
  • Do not charge repayment fees
Qualification Criteria:
  • It depends on the standards of the P2P lenders
Average Borrower Profile:
  • Not disclosed
Best For:Peer-to-peer lending
Check rates

Solo Funds is a P2P lender different from other lenders on this list because it introduces you to investors interested in helping you out. You can borrow between $50 and $500 and have up to 15 days to pay it back. Solo Funds also offers same-day funding, which is not an option with other lenders. Additionally, Solo Funds does not charge loan origination or repayment fees.

Tipping norms suggest a range of three to ten per cent, but as they are optional, you may be able to secure a zero per cent interest rate. However, Solo Funds charges a 15% late fee plus a $ five processing fee if you cannot meet your repayment deadline. Additionally, defaulting on your loan may disqualify you from obtaining future financing.

While Solo Funds has some unique features, please remember that it is still a short-term loan and should be used. Defaulting on your loan can have long-term consequences like disqualification from future financing. Use Solo Funds responsibly to avoid these penalties.

Pros:

  • No origination or prepayment fees
  • Same-day funding
  • Low APR range
  • With SoLo Funds, you may get a no-credit-check loan of up to $500

Cons:

  • 15% late fee plus a $ five processing fee if you cannot meet your repayment deadline
  • Defaulting on your loan may disqualify you from obtaining future financing
  • Approval is not guaranteed

The impact of COVID-19:
SoLo Funds offers sound advice on keeping your finances secure during these difficult times, but you’ll need to get in touch with the firm personally to find out about its hardship programs. You can do this by sending an email to help@solofunds.com or by creating a ticket in the SoLo Funds support portal.

Brigit App

Loan Amount:Up to $250
APR:0%
Min. Credit Score:0
Approval:1 – 3 days
Terms:Payment can be made manually or with your next paycheck
Fees:
  • $9.99 monthly membership fee
  • Do not charge loan origination fees.
  • Do not charge repayment fees.
Qualification Criteria:
  • Keep a positive balance in your checking account of at least $0 for at least 60 days
  • Gain a surplus of money every two weeks after getting paid.
  • Between the Scores of 40 and 100 on the Brigit Scale
Average Borrower Profile:
  • Not disclosed
Best For:Cash advances of up to $250
Check rates

Brigit offers no-interest and no-credit-check cash advances of up to $250. The short-term loan can be paid back in full when you get your next paycheck, or you can arrange for a certain amount to be withdrawn from the advance each time. Brigit is available in every state, but specific requirements must be met to qualify, such as having a checking account and using it frequently. Your account balance must also be positive for at least 60 consecutive days.

If you’re approved for a cash advance, you can expect to get your money in as little as three business days. Brigit provides fast, no-cost funding in as short as 20 minutes with no hidden fees. In addition, Brigit won’t affect your credit score.

Brigit charges a monthly membership fee of more than $4 each month. To get a cash advance, for instance, you’ll need to pay $9.99 monthly. However, Brigit does not charge loan origination or repayment fees.

Nonetheless, Brigit analyzes your eligibility to qualify by checking your Brigit score. While Brigit doesn’t specify the number (0-100), a Brigit score of between 40 and 100 qualifies you for a loan.
Pros:

  • No credit check is required to apply
  • No-cost funding in as short as 20 minutes with no hidden fees
  • Cash advances of up to $250

Cons:

  • Monthly membership fee of $9.99
  • Brigit analyzes your eligibility by checking your Brigit score, which should be between 40 and 100 to qualify.

The Impact of Covid-19:
For those who were having trouble surviving the pandemic, Brigit brought in outside help. However, if you want information on programs unique to your organization, write to info@hellobrigit.com. Alternatively, you can submit a request through Jess, its 24/7 automated chat service.

Dave

Loan Amount:Up to $250
APR:0%
Min. Credit Score:0
Approval:Instant
Terms:Payment can be made manually or with your next paycheck
Fees:
  • $1 monthly membership fee- $1.99 to $5.99 for same-day cash advances
  • Do not charge loan origination fees
  • Do not charge repayment fees
Qualification Criteria:
  • Make at least two direct deposits that meet the requirements
  • Have some money left over after all your bills have been paid
Average Borrower Profile:
  • Not disclosed
Best For:Low membership fees
Check rates

Like Brigit, Dave provides no interest and no-credit-check short-term loans with bad credit of up to $250. To be eligible, you must have two direct deposits that meet the requirements and have some money left over after all your bills are paid. You can apply for a loan through Dave’s automated chat service, and if approved, you may receive funding in as little as three business days. There is no cost for a regular budget, but express deposits are available for a higher price.

In addition, express deposits provide immediate access to funds at a higher cost. It costs $1.99 for cash advances of $5 or less and $5.99 for those of $100 to $250.

So, does Dave work with Capital One? Yes. If your bank meets the criteria above, you can link multiple accounts to your Dave account. There should be no issues with merging your account with Dave’s, regardless of whether you bank with Capital One, Chase Bank, or Bank of America.

However, cash advances are only available to Dave members. To be a Dave member, you only pay a monthly fee of $1. Also, it’s unnecessary, but it never hurts to provide a few pieces of advice now and then. You can repay the advance in full when you get paid or do what Brigit did and have Dave withhold an amount from each paycheck until the loan is paid back.

Nonetheless, Dave is a safe and effective way to bridge the financial gap between paychecks. Consequently, Dave can save you money compared to a payday loan if you have stable employment and can prove a dependable income. Even more importantly, the Dave app is functional in all states in the US.
Pros:

  • No credit check is required to apply
  • No-cost funding in as little as three business days with no hidden fees
  • Cash advances of up to $250
  • Can link an external bank account

Cons:

  • Monthly membership fee of $1
  • It costs between $1.99 and $5.99 for a same-day cash advance.

The Impact of Covid-19:
Dave did not adjust his policies in the face of the epidemic, but the cash advance service provided some advice on coping with the increased costs. You can contact Dave at 1-844-857-3283, email support@dave.com, or use the in-app chat feature on your mobile device to inquire about available hardship programs.

Earnin App

Loan Amount:Up to $100/ day and $750/ pay period
APR:0%
Min. Credit Score:0
Approval:Instant
Terms:Send a money order or wait until your next paycheck to make your repayment.
Fees:
  • Cash advances on the same day can cost up to $3.99 per $100. (first is free)
  • Do not charge loan origination fees
  • Do not charge repayment fees
Qualification Criteria:
  • Set up a checking account with regular direct deposits.
Average Borrower Profile:
  • Not disclosed
Best For:No monthly fee
Check rates

Eanin is an excellent choice for anyone who needs a cash advance but is uncomfortable with the monitoring required by other companies. The company does not require a credit check; you can get your money in one to three business days. There is no monthly fee, and the same-day withdrawal is free.

This app offers short-term loan amounts of up to $100 per day and $750 per pay period with 0% APR. You can repay the loan by sending a money order or waiting until your next paycheck, and there are no repayment fees. To qualify, you must have a checking account and receive regular direct deposits.

In addition, your personal information, including your email, timesheets, pay stubs, and GPS coordinates, will be monitored to ensure you are working and getting paid. If you are uncomfortable with this level of monitoring, Eanin may not be the right choice for you.

You will be charged $3.99 per $100 for cash advances after the first one, which is free. Nonetheless, this is still a much better option than most other short-term loan choices for people with bad credit. Earnin is available nationwide and does not charge a subscription fee. Customers can leave a voluntary gratuity when they receive their money, although the company suggests it.
Pros:

  • No credit check required
  • No monthly fee
  • Voluntary gratuity is accepted but not required
  • Your first same-day cash advance is free

Cons:

  • You are only able to borrow up to $100/day and $750/Pay period
  • The company monitors your personal information, GPS coordinates, timesheets, and pay stubs to ensure you are working and getting paid.
  • You will need to find another funding source if you need more than $100/day or $500/pay period.

The impact of COVID-19:
Earnin’s case-by-case pandemic support has been invaluable to its customers as they navigate the unknowns posed by the COVID-19 pandemic. Email support@earnin.com if you’d like further information about the various choices.

Affirm

Loan Amount:Up to $17,500
APR:10% – 36%
Min. Credit Score:0
Approval:Not instant
Terms:3 – 48 months
Fees:
  • No fees
Qualification Criteria:
  • Affirm doesn’t disclose a minimum credit score. The length of Affirm account, the amount borrowed, and the credit score determines the qualification and loan amount. Affirm evaluates income, debts, and bankruptcy when lending.
Average Borrower Profile:
  • Not disclosed
Best For:Clothing, Electronics, Furniture
Check rates

Affirm Pay in 4 is the first buy-now-pay-later short-term loan with the wrong credit provider in our list. This lender helps you spread out payments over four weeks without paying any interest. Applying will not affect your credit score, and there are no interest fees.

Affirm’s BNPL loans may go as high as $17,500, and the average APR for their purchases is between 10% and 36%. The only loans offered by Affirm that carry interest are instalment loans with a few months’ terms. You should expect a credit check before approval for one of these loans.

Similarly, if your credit is poor, you may find purchasing them impossible. There are no fees associated with Affirm Pay in 4, so you won’t have to worry about being penalized for paying early or late. The account has no yearly maintenance fees or charges for opening or closing.

Your credit score will not take a hit with Pay in 4, and there is no required minimum score. In addition, BNPL has partnered with many notable retailers such as Walmart, Target, Samsung, Lowe’s, Neiman Marcus, and Adidas.
Pros:

  • You can spread your payments over four weeks without paying any interest.
  • Applying will not affect your credit score.
  • There are no fees associated with Affirm Pay in 4.

Cons:

  • Your credit score may impact your ability to qualify for a loan.
  • The loans offered by Affirm that carry interest may have terms of a few months.
  • You may be required to perform a credit check.

The Impact of Covid-19:
Because of Affirm’s hardship program, customers could pause their accounts and postpone payments if they faced financial difficulties. If you have any questions about the services offered by Affirm, you may phone them at 1-855-423-3729 or send them an email through their support portal.

Klarna

Loan Amount:Varies
APR:0% – 24.99%
Min. Credit Score:0
Approval:Not instant
Terms:1 – 36 months
Fees:
  • No fees
Qualification Criteria:
  • You must be a legal resident of the United States and at least 18 years old to apply.
  • Make sure you can make a payment and get text messages on your phone.
  • Since each purchase requires a decision, you may be approved to do one but not the other.
Average Borrower Profile:
  • Not disclosed
Best For:Clothing, Makeup, Home Decor
Check rates

Similar to Affirm, Klarna is a reliable BNPL choice. There is also no required minimum credit score to use the service, and the Pay in 4 methods will not affect your credit score. Plus, the BNPL site offers a $5 sign-up bonus.

The lack of quick approval is because Klarna reserves the right to decline certain transactions. In addition, the limits will be the strictest for new users. Most creditors adhere to such guidelines since they prefer getting to know their customers before making large loans. But as they come to know you better, both your spending cap and terms should increase.

Klarna is distinct from Affirm in that there is no cap on how much can be spent on the service. Instead, your individual Klarna balance is calculated by the company’s algorithm and displayed to you upon login. There is a $10 minimum for all purchases, though.

Nonetheless, Klarna allows you to make an immediate purchase and later payments without being asked about your credit history. In addition, popular retailers like Nike, Sephora, Wayfair, and Harley-Davidson are accessible through the site. Klarna is accepted at MLBShop.com and NHLShop.com as well. This way, you won’t have to worry about being unprepared when game time finally rolls around.

Nonetheless, Klarna is an excellent choice for those who want to purchase without affecting their credit score. The site also offers a $0 APR financing option for specific items, which can be helpful if you’re trying to stick to a budget. Plus, there’s no late fee for missed payments, which is a huge plus.
Pros:

    • Klarna Pay in 4 is an option if you need a BNPL solution that doesn’t focus solely on your credit history.
    • You can use Klarna at various popular retailers, and there’s no minimum purchase amount.

Cons:

    • Klarna may not be the best choice if you’re looking for quick approval, as the company reserves the right to decline certain transactions.

The Impact of Covid-19:

Klarna introduced payment holidays in response to Covid-19 that allowed customers to pause their accounts and postpone payments if they faced financial difficulties. Additional pandemic-specific choices were accessible in addition to the Shop Now, Pay Later app’s’snooze’ feature, which delays payments for ten days without charging any fees or interest. If you have questions about Klarna, contact the company at 1-844-552-7621 or start a live chat on their website or mobile app.

Afterpay

Loan Amount:$400 – $4,000
APR:0%
Min. Credit Score:0
Approval:Not instant
Terms:Up to 1.5 months
Fees:
  • Late payment fee of up to $8 or 25% of the purchase
Qualification Criteria:
  • You must be the authorized owner of a valid debit or credit card and be over the age of 18 to apply
Average Borrower Profile:
  • Not disclosed
Best For:Clothing, Cosmetics, Baby
Check rates

Afterpay is another Buy Now Pay Later service that does not require a credit check. The lender has partnered with many famous brands, making it an excellent choice for those who want to purchase clothing, cosmetics, or other items without affecting their credit score. Afterpay is a perfect choice for children’s clothing as well. The company does not report to credit bureaus, so missing a payment will not negatively impact your credit score.

On the other hand, one of Afterpay’s drawbacks is that it necessitates a 25% initial payment. To put this into perspective, most “Buy Now, Pay Later” businesses demand cash upfront. However, the precise sum differs between services. Afterpay will charge you between $0 and 25% of your total purchase price if you’re late making a payment. Exact penalties may vary from state to state.

Another thing to consider is that Afterpay does not have a physical presence in stores. You can only use the service online. If you want to use Afterpay’s virtual card for in-store purchases, you may link it to your digital wallets, such as Apple Pay or Google Pay.
Pros:

  • No credit check is required to use Afterpay
  • You can use Afterpay at many popular retailers

Cons:

  • Afterpay requires an initial down payment of 25%
  • Afterpay is not available for in-store purchases
  • You may incur late payment fees

The Impact of Covid-19:

Afterpay’s hardship program gave members struggling financially during COVID-19 a lifeline. Buy Now, Pay Later collaborated with A Common Thread and Baby2Baby to help afflicted children and local fashion entrepreneurs throughout the epidemic.

With Afterpay’s top-up scheme, customers could give an extra dollar to charity with every transaction. The company’s over $200,000 in corporate disbursements boosted aid for those affected by the COVID-19 pandemic. The BNPL organization suggests requesting its help centre to learn more about Afterpay and how it might assist you.

Amazon

Loan Amount:$50+
APR:0%
Min. Credit Score:0
Approval:Instant
Terms:6– 24 months
Fees:
  • No fees
Qualification Criteria:
  • You must be the authorized owner of a valid debit or credit card and be over the age of 18 to apply
Average Borrower Profile:
  • Not disclosed
Best For:Qualifying Items
Check rates

Amazon’s Buy Now Pay, Later program is an excellent option for those who want to make purchases without worrying about a credit check. The program offers repayment periods of between four and 24 months, and there is no penalty for early payment. Amazon is also an excellent option for those who wish to “Buy Now, Pay Later” without subjecting themselves to a credit check if they already possess a credit card.

The products eligible for Amazon’s Buy Now Pay Later program are marked with a button to buy them on the main page or during checkout. The number of Amazon products eligible for Afterpay financing will also increase as you establish a positive payment history.

To take part in Amazon’s Buy Now Pay Later program, you’ll need a credit card to spend at least $50. Since repayment periods might range from four to 24 months, the percentage you must put down can be anywhere from four per cent to 25 per cent. In addition, the Buy Now Pay Later option on Amazon is not to be used for commercial purposes.

Nonetheless, Amazon’s Buy Now Pay, Later program is an excellent option for those who want to make purchases without worrying about a credit check. Amazon’s vast selection of products and easy-to-use checkout process makes it an ideal choice for those who wish to “Buy Now, Pay Later.”
Pros:

  • No credit check is required
  • A wide variety of products are eligible for Amazon’s Buy Now Pay Later program

Cons:

  • You must have a credit card to participate in the program
  • The minimum purchase amount is $50

The Impact of Covid-19:

Amazon doesn’t seem to have any COVID-19 rules listed, but you can get information on possible loan deferrals by dialling 1-888-280-4331 or chatting with an agent online.

What are Short-Term Loans for Bad Credit?

Short-term loans are those that people get for a short period of time. They are generally small-amount and have high-interest rates because people are with bad credit.

Short-term loans for bad credit are available from several specialized lenders.

Short-term loans for bad credit are not intended for long-term borrowing. They should only be used for short-term cash needs, such as unexpected car repairs or medical bills.

However, if you have bad credit, you may not be able to qualify for a traditional loan from a bank. In this case, a short-term loan for bad credit may be your only option.

Short-Term Loans for Bad Credit vs. Payday Loans

Still, many people think that short-term loans for bad credit and payday loans are the same. In fact, this is not true.

Payday loans are a type of short-term loans. But not all short-term loans are payday loans.

Payday loans are with short-term repayment, typically one time for a month. They are designed for people with bad credit. However, they have a very high APR, averaging 400%.

And here is the trick that payday lenders use. They manipulate people looking for short-term loans, that they are the only lenders who can give them a loan because of their bad credit. This still works. Many people end up with payday loans.

The truth is that there are many other types of short-term loans, cheaper than payday loans. We highly recommend for people to avoid payday loans. To those with payday loans, try to refinance with some options in this article.

Types of Short-Term Loans for Bad Credit

Personal loans. These loans offer up to $250,000 at APR capped at 35.99%. People with bad credit should expect about 15% – 35.99%.

  • Alternative payday loans. These offer loans that are less expensive that payday loans.
  • Loans apps. We explain them in detail in this article.
  • But now payday later. We explain them in detail in this article.
  • Payday Loans. Not recommended.
  • Auto title loans. Not recommended.
  • Pawnshop loans. Not recommended.

Pros and Cons of Bad Credit Short-Term Loans?

Pros:

  • Easy application process.
  • You receive funds quickly.
  • Easy to qualify for.
  • Work with bad credit.

Cons:

  • These loans have high-interest rates.
  • Requires frequent payments.
  • Potential for significant debt.

How to Get Short Term Loan if I’m with Bad Credit?

There is an important difference between short-term, low-amount, and long-term big-amount loans. When you are with bad credit always can be a problem. However, in case the amount of your requested loan is low, things become much easier. Some lenders can agree to give you a test loan to see are you serious.

Short-term loans with bad credit are easy to get. The best place to start is looking online for lenders specializing in short-term loans for bad credit. There are many different lenders, so comparing rates and terms is essential before choosing one.

Once you’ve found a lender you’re comfortable with, the process is typically straightforward. You’ll just need to provide basic information, such as your name, address, and Social Security Number. The lender will then run a credit check and decide whether or not to approve you for the loan.

If approved, you’ll usually receive the funds within a day. In some cases, you may even be able to get the funds the same day you apply.

Nonetheless, it’s important to remember that short-term loans for bad credit come with high-interest rates. This means you’ll need to be diligent about making your payments on time. Otherwise, you could end up in even more debt.

How to Apply for Short-Term Loans for Bad Credit?

The application process for short-term loans with bad credit is typically straightforward. To apply, you’ll need to provide basic information, such as your name, address, and Social Security Number. The lender will then run a credit check (if need be) and decide whether or not to approve you for the loan.

What are Loan Apps?

Loan Apps are a great alternative to short-term payday loans. They are easy to get, and have lower or 0 interest. And don’t require a credit check.

Loan apps are mobile financial services that enable consumers to take out short-term loans against future paychecks. Customers can get access to cash fast or avoid overdraft costs with the help of these loans, even though they often come with hefty fees and interest rates.

In addition, loan apps have become popular because they are straightforward. You can often get started with just a few clicks on your smartphone.

Pros:

  • Most apps are with 0 interest.
  • Cheaper than payday loans.
  • Most are with no credit check.
  • Most are direct lenders.
  • Fast and easy approval.
  • Money in a day.

Cons:

  • Low amount. Typically you can expect up to $300 – $500.
  • Monthly fees.

What are Buy Now Pay Later?

A Buy Now, Pay Later (BNPL) program is a form of short-term credit. It allows customers to make purchases immediately and make their final payment later, typically without incurring any interest. BNPL plans, also known as “point of sale installment loans,” are quickly gaining popularity as a payment method, especially for online purchases.

In most cases, Buy Now Pay Later loans are short-term, you return them in 4 installments, easy approval, and you don’t need good credit. In addition, many don’t charge late fees.

Also, Buy Now Pay Later can help you build credit because it reports to the credit bureaus.

Pros:

  • Most apps are with 0 interest.
  • Cheaper than payday loans.
  • No credit check.
  • Direct lenders.
  • Instant approval.
  • Money in a day.

Cons:

  • Use the amount only for stuff.
  • Not good repayment terms.

What are Alternative Payday Loans?

Payday alternative loans allow borrowers to borrow smaller amounts of money at cheaper interest rates and with more extended repayment periods than are available with typical payday loans. These options can protect borrowers from falling into the debt trap set by predatory, for-profit payday lenders.

Personal loans offer up to $100,000 with a 35.99% APR. Most payday loans range from $100 to $1,000 with interest rates of 400% or more. It is beyond evident that there is a massive chasm between these. The availability of alternative loans meets this void.

Everything other than traditional payday loans falls under “alternative payday loans.” They provide funding of up to $5,000 at interest rates of 35.99% – 400%. People with poor credit scores can still qualify for an alternative payday loan. Most of them don’t even look at applicants’ credit reports. But they research things like how much you make, your debt load, where you work, etc.

The interest rates on alternative payday loans are still high, and you should exercise caution because of the possibility of falling into a debt trap. But they are a lifeline for those with terrible credit who have nowhere else to turn but payday lenders.

Additionally, alternative payday loans report to the credit bureaus and help you build your credit score.

How to Improve My Credit Score?

Here are a few tips to help you improve your credit score:

  • Pay your bills on time every time.
  • Keep balances low on credit cards and other revolving credit.
  • Apply for and open new credit accounts only as needed.
  • Don’t close unused credit cards as a short-term strategy to raise your scores.
  • Practice sound financial habits like saving money and living within your means.

Will Short-Term Loan Affect my Credit Score?

Yes, and the outcome is beneficial. Applying for credit may cause a hard inquiry on your credit report, negatively impacting you. But keep in mind that this is only a temporary solution. Your credit rating will rise directly from your timely loan repayment.

A short-term loan can help improve your credit score if used correctly and responsibly. Just remember to make all of your payments on time, every time. If you do that, your credit score will slowly but surely improve.

Do We Recommend Getting Bad Credit Loans at All?

No, we recommend you work on your credit score first and let it increase. Doing this will pay less in fees and interest, and you will have a higher chance of getting approved for loans in the future.

In addition, try to get a cosigner or find a credit builder program to help you improve your credit score.

We recommend starting a small loan for shorter periods and making all your payments on time before requesting a higher loan amount. This will show lenders that you’re responsible and can be trusted with more money. Also, this will help you pay fewer fees and build your credit score faster.

What Loans Should People Avoid?

  • Payday Loans

Don’t fall for these! Sure, having a low credit score is terrible, but there are better options than relying on a payday loan. That 400% APR isn’t necessary, and you shouldn’t get one unless necessary.

A personal loan’s annual percentage rate (APR) is between 15% and 35.99%. It’s a significant reduction from 400%, albeit quite a bit. The trap of payday loans is that they can trap you in a never-ending cycle of debt. It’s also less hassle than you imagine receiving a personal loan, even with poor credit.

Additionally, payday loans can lead to wage garnishment, bank account seizure, and legal trouble. So please, avoid these at all costs!

  • Auto Title Loans

These are very similar to payday loans, with the only distinction being that you’ll need to put up an asset, like your car, as collateral in case you default on the loan. Although the annual percentage rate (APR) is lower than standard payday loans (though it’s still high, an average of 300%), you’re putting more of your own money and vehicle at risk.

In addition, auto-title loans can lead to your car being repossessed if you can’t make the payments. Always try to stay away from auto-title loans.

  • Pawnshop Loans

A pawnshop loan is another type of short-term, high-cost loan. You’ll need to use an asset as collateral, such as jewelry, electronics, or musical instruments. We advice against pawnshop loans for the same reasons as auto title loans. The fees and interest rates are high, and you’re putting your belongings at risk.

Additionally, we advice against loans promoted with words like:

  • Instant
  • Near me
  • No cash, no problem

These are terms predatory lenders use to trap people in a cycle of debt. So please, be aware and avoid these types of loans!

These loans can seem like a quick fix, but they’ll only make your financial situation worse in the long run. If you’re experiencing financial difficulties, please seek professional help from a credit counselor or financial advisor. They can help you create a budget, negotiate with creditors, and get back on track.

Are Short-Term Loans for Bad Credit No Credit Check?

Personal loans for bad credit are credit checks. However, there are a few options we mentioned above that are no-credit-check. These are:

  • Loan apps. These lenders use alternative data, such as your employment history or bank account activity, to determine your creditworthiness.
  • Buy Now Pay Later. These loans determine your creditworthiness by whether or not you make your payments on time.
  • Alternative payday loan. These lenders use various factors, such as your employment status or government benefits, to determine your creditworthiness.
  • Payday loans. Some can be no credit checks; the reason is that they know very well that your credit score is low and try to trap you in a debt cycle easily for a small amount they will provide to you.

No credit check loans usually have higher interest rates and fees because the lender is taking on more risk. So if you’re considering one of these loans, be sure to compare the cost of the loan with other options.

Are Short-Term Loans from Direct Lenders?

Some short-term loans are from direct lenders, while others are not. Funds borrowed are for a limited period. Getting a loan from a direct lender, a financial institution that does the lending itself, is possible. They have been granted permission and oversight by the Financial Conduct Authority. Their interest rate, PA fixed rate, and other terms and conditions will be fully displayed and explained.

Don’t get a loan just because it’s from a direct lender, as we’ve said many times before. It would help if you looked around to see what deals may be found. The terms offered by non-direct lenders are often more favorable.

How We Picked These Loans?

We picked the best short-term loans for bad credit of March 2024 from legit companies with great reputations. We’ve found that some lenders with excellent reputations are better than others, so do your research before choosing one. You can start by checking out our list of best short-term loans for bad credit- all companies listed above have a good reputation.

Other factors that influence how  our choices for the best short-term loans for bad credit are:

  • APRs: The APR of these lenders are competitive compared to other lenders offering similar products, and it’s affordable for most borrowers.
  • Favorable interest rates.
  • Credit score requirements.
  • Flexible payment terms.

We compared these criteria with each other before selecting our top picks for bad credit March 2024. These lenders have a reputation for providing low-interest loans with flexible terms, making them an ideal option for borrowers with bad credit.

Frequently Asked Questions

What is the Easiest Short-Term Loan to Get with Bad Credit?

The easiest legit short-term loan with bad credit is a personal installment loan; a Buy Now Pay Later loan, or a loan app loan. All the others are predatory; payday loans, pawn shop loans, and auto-title loans.

Personal installment loans, Buy Now Pay Later loans, and loan app loans easily offer legit short-term loans with bad credit. They are the easiest loan to get with bad credit because you can apply for them online, and there is no need for a credit check. You can get a loan even if you have bad credit, have been bankrupt, or have defaulted on your payments in the past.

Can I Get a Short-Term Loan with a Credit of 500?

Yes. Some lenders will work with people with a credit score as low as 500. However, it is important to remember that the terms of the loan may not be as favorable as those offered by a lender who requires a higher credit score. Make sure you compare the interest rates and APRs before you decide which lender is right for you.

How Much Short-Term Loan can I Get with Bad Credit?

People with bad credit can get short-term loans between $100 and $50,000. The amount you are approved for will depend on your credit score, income, and other factors. Make sure you compare the interest rates and APRs before you decide which lender is right for you.

How can I Get a Short-Term Loan Immediately?

If you need a short-term loan immediately, you can do a few things. You can try to find a lender who offers same-day or instant loans or apply for a loan from a company that does not require a credit check. However, be aware that these loans’ interest rates and APRs tend to be higher than those offered by lenders who perform credit checks.

Conclusion

The best short-term loans for bad credit in March 2024 are the ones that offer you a reasonable interest rate and a low APR so that you can pay off your loan as quickly as possible. The best short-term loans for bad credit will also have flexible repayment terms, which may include no fees or just a small monthly fee that is applied to the principal balance of your loan.

Maybe you are currently in need of a loan and in the process of looking for one. Perhaps, you have been turned down at other places but have hope that we have your best interests at heart. Regardless of your situation or reason, our list of the best short-term loans for bad credit in March 2024 has genuine companies that will help put your mind at ease with a no-obligations loan to help get you back on your feet.

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