Best Bad Credit Loans With Guaranteed Approvals – List Of Top Lending Companies For The Best Emergency Loans And Payday Loans For Bad Credit Score In 2022

Financial emergencies, such as medical bills and auto repairs, tend to creep up on you when you have little or no money. When such unexpected emergencies happen, you may find yourself looking for a bad credit loan with guaranteed approval to solve your problems. Thankfully, online lending companies can come through for you.

Today, numerous online lenders have popped up due to how common these unpredictable financial hitches can come. Unfortunately, not all of them can help you sort out your problems.

We’ve researched and reviewed these platforms and compiled a list of the best instant loans with same-day approvals to make it easier for you to find a legitimate online lender. We also covered the factors to look out for when selecting an online lender alongside some common frequently asked questions that you may have.

List Of Top 5 Payday Lenders For The Best Loans For Bad Credit

  1. MoneyMutual: Overall best Bad Credit Loans
  2. FundsJoy: Best For Small Payday Loans
  3. BadCreditLoans: Top Rated For Emergency Loans
  4. CashUSA: Fast Approval For Cash Advance
  5. Personal Loans: Low Interest rates For Personal Loans

#1. MoneyMutual : Overall best Bad Credit Loans

MoneyMutual has been in the online lending business for over ten years and has gained a good reputation for providing high-quality services to its customers. The platform connects customers to reliable lenders for bad credit loans with guaranteed approval. The loan application process is free, and the loan gets approved swiftly.

The platform is one of the most trusted in the business, having successfully served over two million customers, many of them leaving positive testimonies. To get a loan on the platform, you need to be 18 years old and have an active bank account. You’ll also need to provide details of your employment and have an income of at least $800.

MoneyMutual connects you with more than 60 reliable lenders. The best part about this lender platform is that it lets you evaluate what lenders have to offer for you and examine them without agreeing to their offer. This aspect is an excellent strategy because it allows you to weigh all your options before deciding on a particular lender or offer.

The platform is well designed and very easy to use. It connects you with potential lenders who have already reviewed your application and are ready to offer you a loan. Next, a lender will send you the loan terms and conditions, which you need to read carefully.

Then, the lender will send you an offer, and if you agree to it, you may get your funds within 24 hours. Delays might occur for applications made on weekends or public holidays.


Quick Turnaround Time: MoneyMutual starts reviewing your application as soon as you send it, and your information is sent to a network of reliable lenders. As a result, you might get lucky and find a lender within 24 hours, and you will have your funds within a day.

Safety and Security: MoneyMutual takes the top spot for the most trusted online lending platform. It has served millions of Americans, and most have shared incredible experiences. The platform protects its customer’s data using the latest encryption technology. It protects personal details obtained through online forms and guarantees the anonymity of people visiting its website.

Transparency: This platform is one of the most open on our list. Its easy-to-use website offers detailed information about its operations and provides instructional resources, customer reviews, and a FAQ section.

Wide Range of Lenders: MoneyMutual works with over 60 lenders, which means borrowers have a bigger chance of finding a suitable loan option. Each lender has criteria for approving loan applications, which boosts the chances of finding a loan offer.

Easy Application Process: Firstly, you head over to the company’s website and fill out the application form. You need to make sure you read everything, including the platform’s services and privacy policy. You’ll be asked to offer information like your age, income, residence, etc. Once you submit the form, the company will begin reviewing it and send it to potential lenders. Within no time, you will receive offers from potential lenders.


  • Loan offers up to $5,000
  • Quick and easy application process
  • Large lending network
  • Quick turnaround time
  • Secure platform


  • Must have an income of over $800 to qualify for a loan

⇒ Visit the Official Website of MoneyMutual

#2. FundsJoy: Best For Small Payday Loans

FundsJoy can assist people in obtaining payday loans as well as personal loans. Payday loans, in particular, have a quick approval process. If you find yourself in a situation where you require a loan quickly, it may be something to think about.

There are various types of loans available, and no single loan type works for everyone. FundsJoy is only able to connect people with loans of up to $5,000. It can be a good option if you need a small loan to cover an unexpected expense.

It can be difficult to find a lender willing to work with you if you don’t have good credit or no credit history at all. Fortunately, FundsJoy does not reject applicants based on their financial situation.


Trusted Reputation: Consider how often you shop online. What’s the first thing you look for when you’re trying out a new brand? The majority of the time, it’s the reviews section. Customer reviews are critical to the success of any business, and FundsJoy is no exception. They provide excellent services while placing the highest priority on customer satisfaction. Customers, in turn, leave excellent reviews, which are a major source of their trusted reputation.

Flexible terms and conditions: FundsJoy has a bare minimum eligibility criterion, allowing almost anyone to obtain a loan in times of need. After you have met their requirements, you must also understand the terms and conditions of the lender you have chosen. Because FundsJoy hosts more than 60 lenders, you have a lot of leeway in selecting a lender whose terms and conditions are simple to meet.

Quick Funds Transfer: FundsJoy guarantees quick payment transfer for all loan types, allowing you to benefit from the loan as soon as possible. Customers appreciate FundsJoy’s quick approval and transfer process because emergency loans are needed quickly.

Transparency: FundsJoy ensures that all aspects of bad credit loan lending are transparent. They never impose hidden fees and always make certain that you get the most out of your deals.


  • Small payday loans
  • Fast approval
  • Advance automated system


  • The loan amount is limited to maximum of 5,000$

⇒ Visit the Official Website of FundsJoy

#3. BadCreditLoans : Top Rated For Emergency Loans

BadCreditLoans helps you connect with lenders who approve a loan even when your credit score is low. This online lender platform can connect you with lenders offering generous loan amounts ranging from $500 to $10,000.

Along with connecting you with a network of reliable lenders, BadCreditLoans also offers resources that help you make the best borrowing decisions. For example, articles on the company’s website provide information about spending money wisely and budgeting future income when paying off your loan.

BadCreditLoans utilizes an easy application process. All you need to do is fill out the platform’s online form with details about your income, age, and location. The company will then distribute your information to its vast network of lenders, who will check your information and determine if you qualify for a loan.

Once a lender approves your application, you can evaluate the loan’s terms and conditions and accept the loan offer. The lender will wire the funds to your banking account via direct deposit.

BadCreditLoans does not compromise when it comes to safety and security. The platform emphasizes privacy and security in its loan application practices, and its websites use top-notch encryption technology to keep its customer’s data secure throughout the loan application process. Additionally, the company’s customer service is available 24/7 to help you with any problems that may arise.

Moreover, if you fail to find a lender via the BadCreditLoans lender’s network, the company will show you advertisements of potential lenders from other platforms.


Disclosure: BadCreditLoans offers complete disclosure over how the platform uses its customer’s data. Additionally, the platform promises only to share customer information with transparent and reliable lenders. You can learn all about this by visiting its website to learn how it will be compensated for sharing your details with its business partners.

Financial Education: BadCreditLoans’ website has a dedicated section for financial education. Here, customers can find detailed information on ensuring their data is secure, details on making informed financial decisions, and tips on how to repay their debts. The company is dedicated to being a part of your positive financial journey.

Flexible Features: BadCreditLoans allows you to apply for loans ranging from as low as $500 and up to $10,000. However, the company’s interest rates are not fixed and may vary depending on the terms you agree with the lender, and they usually range from 6% to 36%. Additionally, the platform has flexible installments options that allow you to make repayments of up to 36 months, which is an excellent option if you are looking for a long-term loan.

Excellent Customer Experience: The platform enjoys many positive reviews from its customers. Most customers seem to enjoy the company’s quick loan application process and fast disbursement of funds. Everything about the company’s website is easy, fast, and secure. Customers can receive their funds within 24 hours after their application gets approved.


  • Dedicated to keeping customer privacy
  • Lender information provided
  • Great customer service
  • Simple loan application process
  • Additional services like credit rehabilitation and debt relief


  • Does not offer loan option for a co-signed or joint loan

⇒ Visit the Official Website of BadCreditLoans

#4. CashUSA : Fast Approval For Cash Advance

CashUSA has offered people instant loans with same-day approval for many years and has become one of the top online lender platforms. If you opt to use this platform, you will not have to pay any fee to submit a loan request.

CashUSA has a great and straightforward website. To submit a loan request, you simply visit the company’s website and fill out the online form with your personal information. The application process will take you a few minutes, and you are good to go. Once you submit the form, CashUSA will share your information with lenders that are best suited for your needs. Once a lender approves your application, you can accept the loan’s terms and conditions and receive your funds within 24 hours.

Lenders on CashUSA are very transparent. Before they accept your application, they will provide you with all the necessary information, including their interest rates and fees. This way, you’ll be able to make your decision according to the lender who meets your needs best. The repayment period on CashUSA will vary from three months to 72 months, and the company’s APRs range from 5.9% to 35.99%.

A great feature about CashUSA is that it allows you to re-evaluate a loan’s terms before accepting it. The platform also includes an excellent repayment system whereby funds are automatically withdrawn from your account each month to repay the loan until the term runs out.

However, if there are no funds in the account when your payment is due, you can talk to your lender and request an extension. CashUSA has lenders willing to allow for extensions to safeguard your credit rating.


Data Safety and Security: CashUSA is committed to providing a safe platform for people looking for instant loans with same-day approval. Your information will stay safe and secured with CashUSA and its lenders. It has a strict privacy policy, which its lenders have to abide by to ensure that customers’ data is kept secure at all costs. The company includes a privacy policy section on its website where customers can learn how it uses their personal information.

Simple Repayment Procedure: The lender may automatically deduct funds from your account once the loan period runs out. However, if there are insufficient funds in your account, the lender will reach out to you. If you don’t have enough money, you can request an extension, and your lender may accept your request.

Flexible Loan Terms: The period it takes to repay your loan will be determined by your lender and your location. Before you accept an offer, the lender will explain the specific fees and interest rates that apply to your loan. CashUSA allows for a repayment period ranging from three months to six years.

Instant Funding: CashUSA will quickly link you up with a lender because processing your application only takes a few minutes. You can accept a loan offer once you’ve read and understood all the terms and policies, and you can have the funds sent to your account within 24 hours.


  • Simple and quick loan application process
  • Analyzes your data to get you the best offer
  • Receive money within one business day
  • Automatic loan repayment feature


  • Limited pool of lenders

⇒ Visit the Official Website of CashUSA

#5. Personal Loans : Low Interest rates For Personal Loans

Personal Loans has built an excellent reputation in the online lending business by connecting people with lenders who can offer bad credit loans with guaranteed approval. The company also provides a variety of personal loans with varying interest rates.

Personal Loans has a user-friendly website and an easy and free online application form that you can fill from the comfort of your house. With this platform, you will only fill one application to get multiple bids from lenders who are best suited for your qualifications.

Due to its vast network of lenders, the platform can help people with a wide range of credit ratings and backgrounds get the funds they need. Personal Loans can also offer a wide range of loan sizes and terms to fit practically every personal loan need.

The company guarantees total security and protection of your data. As such, it employs advanced encryption technology to ensure that your data is safe and you can get your money with peace of mind.

You can borrow amounts between $500 and $35,000. The company’s APR ranges between 5.99% and 35.99%. Personal Loans also require that you have a regular income of around $1,000 monthly to qualify for a loan. Also, you need to be at least 18 years and possess a valid credit account and social security number. You should also not have a recent bankruptcy.


Flexible Repayment System: Personal Loans require that lenders protect customer privacy and provide them with a flexible repayment system. If you miss your deadline, you can reach out to your lender and ask them for an extension on your deadline or ask for a modified repayment schedule.

Third-Party Services: If you fail to find a lender on the Personal Loans platform, the company connects you to third-party services such as credit repair. The best part of this feature is that the platform will not share your data with third-party lenders. So, you can rest assured that your information is in safe hands. The company also runs different ads on its website, which you can use to find a lender. This feature is excellent, especially for individuals whose credit score is below the minimum requirement.

Quick and Straightforward: Filling the Personal Loans online application form is a simple and easy process. You need to complete a few easy steps to request a loan, and there are no hidden charges. Additionally, you are not obligated to accept offers from lenders unless you are fully satisfied with their terms.

Multiple Loan Types: The company has several types of loans to customers. With a vast network of lenders present on the platform, customers can request a payday loan, same-day loans, peer-to-peer loans, cash advances, among other loans. All loans come with flexible terms and conditions.


  • Encrypted security system to safeguard customer information
  • Money disbursed in less than 24 hours
  • Mobile-friendly application channels
  • Offers access to third-party lenders
  • Available throughout the United States


  • Emphasizes on good credit score

⇒ Visit the Official Website of PersonalLoans

#6. Credit Loan : Multiple Lenders For No Credit Check Loans

Credit Loan is another reliable platform with excellent customer reviews to prove it. This company has gained a good reputation for offering borrowers bad credit personal loans since its launch in 1998. The company welcomes all credit profiles, good or bad, so everyone has an equal chance of getting approval.

One of the most appreciated features of this company is that it provides small and large loan amounts to borrowers. This feature makes it more flexible than other similar lender platforms.

Credit Loan offers a very smooth loan application process. You start by submitting your information on the company’s secure website. Then, the company will find a lender that is most suited for your loan needs.

Next, you’ll need to go through the terms carefully. Once you read the terms and conditions and find that they are favorable, you can accept the loan offer. From there, the funds will be disbursed, and they can get to your bank account in just a day. However, this will vary with every bank. When the funds arrive, you will be free to use them for whatever reason you have.

The loan application process on Credit Loan is free, so be sure to check the company out and see what personal loans are available for you. The company’s website is professionally designed, so navigating through the pages should be hassle-free. Any queries you might have about the loan application process are listed on the website.

Credit Loan has a section designed for people with bad credit, and it’s very welcoming. A video is also included that explains deeply about poor credit rating and how you can improve it. The company also offers advice on boosting your chances of getting approval.


Secure Platform: Credit Loan does not compromise on security on its website. The website is safe and secure for both customers and lenders. To secure your data, the company employs SSL encryption on the site. It is a TRUSTe verified brand, which means its operations are verified and monitored by a third-party institution. That is enough to prove that Credit Loan is a legit company as it is very transparent about how it uses the data it collects.

Quick and Free Service: This company has very quick service. It offers quick loan applications and quick loan approval. You will not have to move out of your house to fill in tedious paperwork from bank to bank. You can apply from the comfort of your home in a few minutes, and your application can be approved in a couple of minutes. The service is also entirely free to use.

Informative Education Center: The Credit Loan website offers an education section with rich information about loans, banking, and finances. You can get details on how to calculate your loan and how to repay it. You can inform yourself about financial matters, which are especially necessary when applying for a loan.


  • Professional customer service
  • Decades of experience in the business
  • Quick depositing of the money
  • Excellent for both small and large loan amounts
  • Informative educational resources


  • Might ask for more personal details

⇒ Visit the Official Website of Credit Loan

How We Made Our List of Same Day Loans For Poor Credit Scores

Finding a lender platform that can offer you an instant loan with same-day approval can be overwhelming. Moreover, there is an influx of lender platforms, and with competition increasing, your options continue to rise each day. But how did we decide on the best platforms for bad credit loans with guaranteed approval?

We first searched through the internet for the top bad credit loans with guaranteed approval and compiled a long list of as many as we could find. The next step was to narrow down our list based on several factors, including a lender’s best practices, the type of loan they offer, and whether they provide enough amounts that can solve your emergencies.

We then started eliminating those left on the list by looking at customer reviews, experience, service variety, transparency, and customer satisfaction. We were only left with five reliable online lenders at the end of this process.

Please read on to find out more about the specific details of what we considered while compiling our list.

What We Looked For

Here are some of the critical areas we considered when compiling our list:

  • Customer Satisfaction: Customer reviews reveal so much about a brand. So we scoured the internet to find out what the previous customers had to say about their experience with each company. We looked at how the platforms offered their services. The duration of a company in business can also be a good indicator of customer satisfaction.
  • Transparency: How transparent are the lender’s products and services? They need to have visible fees and rates comparable to other great online lenders. We checked if they list their partners because some lenders don’t reveal the companies they partner with. After all, they might be shady.
  • Safety and Security: We got rid of some of these platforms because they did not put enough effort into safeguarding customer data. You’ll be required to provide vital information like your banking details when applying for a loan. With this in mind, we eliminated platforms that don’t have secure websites or have not taken security measures, such as incorporating encryption practices on their sites.
  • Professionalism: We also examined how professional the lender platforms are in website design and customer support. Moreover, we checked for efficiency in the loan application process. We ensured that the recommended platforms didn’t have a lengthy and tiring process.
  • Terms and Conditions: Terms and conditions hold critical importance, as they explain everything about the loan application process, including penalties, fees, amount of repayment, and privacy policy. It would be best if you didn’t want to work with a lender who isn’t aligned with your repayment ability. Consequently, we ensured the platforms on our list had favorable terms and conditions.

Buying Guide – Factors to Consider When Taking Online Loans With Same Day Approval

Bad credit loans with guaranteed approval are one of the easiest ways to get funds without the hassle of filling lengthy paperwork. However, different factors come into play when looking for a bad credit loan with guaranteed approval.

If you want to find a reliable online lending service, then you need to consider the following factors:

  • Company Reputation

The reputation of a lender platform is one of the key elements to look for when applying for a loan. These websites will ask for your personal and bank details, and considering how sensitive they are, you need to be more careful. There are scammers all over the internet, and if they gain access to such sensitive information, they can cause a lot of damage.

Therefore, you need to run a thorough background check on the lender platform you will use. Always make sure the company has spent a lengthy period in the industry and has legitimate customer reviews on its website or other third-party review platforms.

  • Flexibility

Make sure the terms and conditions of the lender platform you intend to use are flexible, especially if you have a poor credit score. If your credit score is around 600, most lenders on the chosen platform should not have a problem lending you money.

Finding lenders willing to offer loans to individuals with poor credit scores, on the other hand, can be challenging. So, check to see if your preferred platform has these lenders.

Moreover, before settling on a particular online lender, ensure you research and compare different interest rates and terms on the offers you get. That way, you will find it easy to narrow down your loan options and choose the best loan deal for your needs.

  • Funding Time

When you have a financial hitch and need cash as quickly as possible, emergency loans should get to your bank account as soon as possible. As a result, it is essential to check if the lender platform has a track record of offering quick loans.

The platforms we have reviewed in this article can help you get funds quickly. So, if the duration of funds transfer is a crucial factor to you, all the five websites have got you covered.

Getting the money as quickly as possible will also help you avoid unexpected costs. Some of the top lender platforms will connect you with reliable lenders who can deposit funds into your bank account within one day.

  • Transparency

Before submitting to any lender platform, transparency is one of the most important factors to consider. You need to exercise extreme caution, especially when dealing with money and online companies.

If a company is not transparent about its services and processes, you might be charged hidden fees. They might also fail to safeguard your information adequately. We urge you to avoid platforms that are not transparent, even if they promise to offer you quick loans. As such, make sure the companies clearly disclose all their charges in their loan terms and conditions.

  • Security and Privacy

You will need to provide a lot of personal and banking information on these lender platforms. As a result, it is essential to commit to a site that guarantees the security of your data.

Avoid any company that does not take the necessary steps to safeguard its customer’s information. Ensure you check their privacy policies to ensure the information you provide will be kept safe. That is important even if the company promises not to misuse your data, as it can present a method for third parties to access it.

Frequently Asked Questions About Emergency Loans For Bad Credit

Q1. Can I apply for a bad credit loan with guaranteed approval and get funds on the same day?

Financial hitches often leave you with no time to find funds. If you have an emergency, you may not have adequate time to wait for funds. Sometimes, the financial distress can be so bad that you might need money the same day you apply for a loan.

Fortunately, the good news is that numerous platforms offer instant loans with same-day approval. Most lenders on these platforms can transfer money to your account within 24 hours. Moreover, some lender platforms take only a few minutes to approve your loan application.

Q2. Will I have to pay a higher interest rate for a bad credit loan with guaranteed approval?

Different lenders charge different interest rates. Moreover, the company only approves your loan request, while the lender is the one who will charge the interest rate. So, getting a loan approved quickly does not mean you will be charged with a higher interest rate.

You may be charged with a higher interest rate if your credit score is bad. That happens because lenders charge a higher interest rate to compensate for their risk.

Typically, lenders tend to charge between 5.5% to 36% on average, and this mainly depends on your credit record and the repayment period.

Q3. Is getting a loan from an online lender a good idea?

Securing an instant loan with same-day approval from a trustworthy and reliable lender is easy. However, it is crucial to do background checks to ensure you work with a secure and transparent lender before committing to them and sending your personal and banking details.

As such, getting a loan from an online lender is a good idea. However, make sure you read some reviews to check what customers are saying about their experience with the lender platforms before deciding to work with them.

Q4. How long will it take for me to repay the loan?

Instant loans with same-day approval should be repaid according to the agreement you have with your lender. Borrowers repay the loan in installments over an agreed period. As agreed, your lender will deduct the money automatically from your account.

If you opt for a long-term loan, deductions will be made as scheduled over the period you agreed with your lender, which can be months or years.

Q5. What is the appropriate time to take out a bad credit loan with guaranteed approval?

Like any other personal loan, a loan with same-day approval can be used for numerous purposes, including home upgrades, car repairs, hospital bills, and more. Therefore, you can use same-day loans for any emergency.

There are always bills to be paid in life, and instant loans with same-day approval can help you sort them out quickly and easily. However, it is vital to remember that you need to repay your loan on time to prevent penalties.

Q6. Is there a minimum standard set for bad credit loans with guaranteed approval?

Luckily, your loan request can get approved even if your credit score is bad. That’s because most lenders in the industry don’t consider your credit score. Instead, they look at different factors unrelated to credit history, such as your monthly income.

Companies listed above offer instant loans to customers with as low as 570 credit scores. That is as long as they meet their eligibility requirements. However, this might not always be the case. Sometimes the market might be saturated or demand higher than supply, making it hard even for people with good credit scores to find loans.

Q7. Is a bank account a requirement for a loan to be approved?

Most lenders will ask for your bank account details before awarding you a loan. That’s because all transactions will happen in your bank account. They need it to send money directly to your account and automatically deduct loan repayments.

Some lenders might lend to individuals who don’t have a bank account. They provide the funds in cash, by check, or debit card. However, they come with high-interest rates, increasing the loan cost.

Q8. In what way can I increase my credit score quickly?

Lenders use your credit score to evaluate your long-term financial responsibilities. They also check if you can repay any loans you receive. So, a lender will check your present financial situation and financial history.

Since you cannot correct past mistakes, the best way to repair your credit is to focus on your current circumstances. That means repaying any existing debts quickly and regularly.

Q9. What is the quickest reason to get a bad credit loan with guaranteed approval?

A personal loan does not come with restrictions on how you can use the funds you borrow. You are free to spend the loan on anything you want. You cannot find this type of flexibility on other traditional loans.

The lender will likely ask about your plans for the loan money. The answers you give will not hinder you from getting the loan, but they might be used to evaluate your level of responsibility.

If your credit history indicates that you have other debts and a history of delayed payments, a lender may find it hard to lend you $5,000 for a trip. However, if you need a loan for home improvement, the same amount might be more feasible.

Q10. Are all online lending companies user-friendly?

All have websites, but not all websites are user-friendly. The websites we have featured above are easy to navigate and make submitting a loan request very smooth. As such, you can quickly receive your loan after a lender reaches out to you.

Bad Credit Personal Loans – Final Thoughts

Life is unpredictable. Sometimes, sudden and unforeseen incidents you hadn’t budgeted for sneak up on you. In such a situation, you may find yourself looking for ways to get an emergency loan. Acquiring a loan for an emergency occurrence from traditional financial institutions can be a daunting task as they have a strict set of standard processes.

Fortunately, in today’s technological world, an instant online loan with same-day approval can help you in such a situation. Online lending platforms can connect you with potential lenders willing to offer you a loan within a day. However, there are numerous credit sites on the internet, and finding a trustworthy one can be overwhelming.

That’s why we did extensive research to find the best, most reliable platforms in the business. After thoroughly evaluating each platform through a set of stringent measures, MoneyMutual, BadCreditLoans, CashUSA, Personal Loans, and Credit Loan emerged as the best online lender platforms for bad credit loans with guaranteed approvals.

From our research, we found these online brands to be legitimate and will match you with reliable lenders that will best cater to your financial challenges. All you have to do is visit their websites and fill their online application forms to kick start the loan request process.

Once that is done, they will share your details with their vast networks of lenders who quickly verify the details and decide to offer you a certain amount of money. If you qualify and agree to the loan terms, the money might be sent to your account within 24 hours.

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