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bad credit loans guaranteed approval

Bad Credit Loans with Guaranteed Approval

Would you like to get a loan but have bad credit? If so, we’re here to help. At 15M Finance, we make it easy for you to get bad credit loans – guaranteed approval decisions are made in minutes. All you have to do is fill out our online application.

If you’re looking for a way to pay off bills or make home improvements, we can help with that too! Our online lenders are available 24/7 and offer fast loan services. Apply today and get the best interest rates for poor credit scores from our direct lenders.

What is a Bad Credit Loan?

A bad credit loan is a type of loan you can get even with no or low credit score. Such a loan comes with amounts of up to $5,000 and may be repaid in equal monthly installments within up to 24 months.

There are many reasons why your credit score may be low, including having trouble paying off your bills or other loans on time. However, if you’ve found yourself in this situation and need extra help making ends meet, bad credit loan options may just be what you’re looking for.

Benefits of Guaranteed Bad Credit Personal Loans

Bad credit loans with guaranteed approval have multiple benefits. They allow you to cover unexpected expenses, buy groceries, or fuel your car without worrying about whether or not your bank will approve the loan. You can use them as an emergency fund if something goes wrong in your life. Here’s what makes guaranteed bad credit personal loans so attractive to borrowers:

Simple application process; Fast funding within one business day; Flexible repayment terms; Loan amounts suitable for various life projects; No minimum credit score requirements.

See also: Managing your debt: tips to get you back on track

How Do Online Loans With No Credit Check Work?

At 15M Finance, we’ve made it possible for every person to get the financing they need regardless of their credit history or lack thereof. First, you apply online for a no credit check loan with guaranteed approval. Then, we share your loan request with our direct lenders. They review your loan application form within several minutes.

If a lender approves your request, you receive an email notification with available loan offers. Remember that we don’t make credit decisions. The direct lender will make a decision after checking your credit rating through alternative sources.

If the offer suits you, you can sign the loan agreement electronically. When all the formalities are done, the lender will transfer your money to your bank account in just a few hours or within one business day. There is no need to repay the loan physically because the loan provider will withdraw the loan amount and its costs from your checking account on the due date. Just make sure you have enough money on it to avoid late payment fees.

Can I Get a Guaranteed Loan with Bad Credit?

Sure! If you have bad credit, there are still multiple loans available to you. Whether you need money for an emergency or something more mundane like paying rent or buying groceries, our partner lenders can easily help you. However, there are no 100% guaranteed loans available with bad credit. Before approving your request, a lender needs to ensure it will get its money back. Therefore, it will perform a soft credit check and turn back to you with a loan decision.

But don’t worry! If your income is high enough and you’re not overburdened with other debts, your chances of getting approved are very high.

Get guaranteed approval loans even with bad credit

What Are The Types of Bad Credit Loans?

There are many different types of bad credit loans (with no credit check performed). While that’s a great thing for those with poor credit, it’s essential to know what kind of loan you’re getting and how it will affect your finances. Here are the most common types of loans available to those with bad credit.

Payday Loans

A payday loan is a short-term loan that allows you to borrow money with low credit scores at a high price. You must repay this payday loan within two weeks or one month. The repayment period is typically tied to your next paycheck.

Installment Loans

Installment loans for bad credit are outstanding for those who don’t have anything valuable to use as collateral and need a long-term financial solution. They are repaid in fixed monthly payments and don’t require good credit to qualify. Eligible applicants can borrow up to $5,000 with an unsecured installment loan.

Bad Credit Personal Loans

Personal loans for bad credit are a great way to get the money for various personal needs. In addition, bad credit personal loans with guaranteed approval decisions have flexible repayment terms of up to 60 months. Lenders offer loan amounts of $5,000 and up to $15,000.

Title Loans

Title loans, also called secured personal loans, are quick and easy ways to get cash fast. Your car title secures them, but you don’t have to leave your car in the shop while you wait for the loan to process.Moreover, you can borrow money against its title at a lower interest rate.

See also: A guide to 13 different types of loans

Things to Consider Before Getting Guaranteed Loans for Bad Credit

When considering an online loan for a bad credit score, you should keep a few things in mind before moving forward:

  1. Loan cost. Find out whether the online loan interest rate is reasonable. Online payday loans tend to have high-interest rates. So if you have a cheaper alternative, it might not be worth it. You should also know that fees associated with these no credit check loans can add up quickly.
  2. Credit score perspectives. Consider whether your credit will improve over time and allow you to qualify for better options than currently unavailable. If so, it might make sense for you to wait until then before taking out a loan unless you need money immediately.
  3. Loan term transparency. Ensure you understand the loan terms associated with any potential agreement before signing it.

What are the Eligibility Criteria for Applying for a Bad Credit Loan?

There is no single list of requirements. The lender determines the eligibility criteria, which can vary from company to company. To be eligible for a bad credit loan, you must meet the following basic requirements:

You must be at least 18 years old; You must provide proof of your employment status (pay stubs, for example); You must have a steady source of income; You must have a valid bank account, phone number, and email address.

However, some lenders may also set additional requirements if you:

Have no credit history and want to start building it. Have recently been through bankruptcy or other financial troubles that have left you unable to get guaranteed loan approval with no credit check. Defaulted on previous no credit check loans that are still being reported as late payments by the company that issued them.

How To Apply for a Bad Credit Loan Online?

You can apply for a bad credit loan online by following these steps:

Step 1: Select “Get Started” on the homepage of our website. You will be redirected to a page where you can fill out the request form. The loan application process takes up to 5 minutes.

Step 2: Enter your personal details and select your state.

Step 3: Choose the loan amount and duration and the type of no credit check loan that suits your needs.

Step 4: Review all the information you entered carefully before submitting it to us.

Step 5: Once we receive your application, we will send it to our direct lenders that offer bad credit loans with guaranteed approval decisions.

One of them will contact you as soon as possible to discuss other details of your loan and answer any questions that may arise during the lending process.


What is the easiest loan to get with a bad credit score?

The easiest loan to get with bad credit history is a payday loan. These short-term loans can be used for any personal needs. The maximum amount you may get with a payday loan is $1,000.

How much do bad credit loans with guaranteed approval cost?

It depends on the loan type, state, and the lender you work with. The interest rates on bad credit payday loans vary widely, but they typically hover between 375% and 400% APR. Installment loans can come with an annual percentage rate between 16% and 100%, while personal loans with guaranteed approval decisions may cost 5.99% to 35.99%.

Where can I borrow money immediately?

You can get the money almost immediately by applying for a short-term payday loan for a poor credit score via 15M Finance. If you have a credit card, you can also get cash advance loans by withdrawing money from its available balance. But keep in mind that interest on such withdrawals accrues immediately.

Could bad credit lenders guarantee me 100% loan approval?

No guaranteed loans exist because no lender may get you guaranteed approval. Payday lenders need some time to check if you are creditworthy. Even banks, credit unions, or other institutions may not guarantee approval.

Can I get a loan with a credit score below 500?

Yes, you can get a loan with a credit score below 500. Your credit score is just one piece of information that lenders use to determine if you’re a reasonable risk or not. However, not all lenders will approve your for a loan with a low credit score. If your score is below 500, we recommend you apply for same-day payday loans from our lenders, as they have no minimum credit score requirements.

Do you offer emergency loans for bad credit history?

Yes, we do, but we make it through our bad credit direct lenders. They offer emergency loans for bad credit scores, and the application and approval process is easy. Just fill out our online form, and we’ll have an answer for you within several minutes.

How does getting bad credit payday loans online affect my credit score?

Bad credit lenders don’t make hard pulls through major credit bureaus, so the fact you apply is not reported to them. Thus, bad credit payday loans online don’t affect your credit score in any way. Even if you pay on time, it will not boost your rating. However, it can damage your score in case of late loan payments.

Will anyone lend me money with bad credit?

Sure! Our lenders are willing to work with borrowers who have bad credit. However, you need to be ready to get higher interest rates than on traditional loan options.

What are the risks associated with bad credit loans?

The most typical risks of bad credit loans are high interest rates and potential impact on your financial future. As loans for bad credit are usually expensive, they may be difficult to handle, especially when the repayment term is short. Thus, it can result in additional fees and debt accumulation. Some people end up getting new loans to cover the previous ones.

Shania Brenson

by Shania Brenson

Last updated on April 29, 2024