Best Bad Credit Loans Guaranteed Approval From Top 10 Direct Lenders In 2023

If a pressing matter suddenly arises, you may need money the same day to deal with it. This way, you may wonder if it's possible to get an unsecured loan without a hard verification. And the same goes for people with bad credit scores who can't qualify for loans from traditional lenders. Luckily, no credit check loans (guaranteed approval) can meet the expectations of both customer groups.

Getting urgent cash with bad credit becomes much easier when online direct lenders come to play. But how to choose one and not go wrong? If you're looking for a low-interest loan with instant decisions, here are the top 10 platforms offering the best guaranteed approval options.

Top 10 Lenders for Bad Credit Loans with Guaranteed Approval

There are so many offers around, so it can be problematic to determine which deal is better for you. If you're confused with the abundance of direct lenders on the market, consider turning to a connecting service. These platforms were designed to link borrowers with legitimate loan providers and relieve them of the agony of choice. Here are the most trusted companies that can meet your needs:

1F Cash Advance – A service that offers loans with no credit check.

ASCIN Payday Loans – Best unsecured personal loans for bad credit.

ASAP Finance – Quick no credit check loans with guaranteed approval.

12M Payday Loans – Get no credit check loans in minutes.

15M Finance – Easiest to get loans for people with bad credit.

Magnolia Payday Loans – Apply for loans for bad credit online.

Second Chance Payday Loans – A fast way to get financial assistance with any credit score.

Grant Payday Loans – Guaranteed online loans with a smooth application process.

300 Cash Loans – Get a guaranteed loan approval decision in one hour.

Quick Cash Loans – Easy-to-obtain same-day loans for bad credit.

#1. 1F Cash Advance – A Service Offering Loans with No Credit Check

1F Cash Advance

1F Cash Advance is a reliable service with thousands of offers from multiple direct lenders. Those who need money fast can apply for no credit check loans online and save time on visiting a store. Whatever credit you have, the company's partner lenders can still help you. They perform soft credit checks only to verify your income and make sure they will get their money back. Thus, even a bad credit score can be quite enough to apply.

1F Cash Advance doesn't team up with loan providers that set severe requirements. An average American who needs cash can qualify for loan options through the platform. The service is also known for sending customers guaranteed loan approval decisions on the same day, so you can get a loan in as little as 24 hours. Applying for a loan through the company is fast, safe, and doesn't cost you anything.

"People who are limited in their choice are more likely to experience stress and despair when they face unexpected expenses. It's because they know that's the moment when the "who will approve me for a loan" challenge starts. And we're happy to be the company that provides high-quality assistance with no hard rules you must follow. Just ask for help, and we will go above and beyond to support you." – Marsha Welch, the finance author and expert of 1F Cash Advance.

Quality Score: 4.8/5

1F Cash Advance gets a quality score of 4.8 out of 5. This value represents the arithmetic mean of the following parameters:

Customer reviews: 4.3/5
Customer support: 4.9/5

Approval rate: 98%
Loan decision speed: 4.9/5

Features

Both secured and unsecured loans are available

The company knows its customers have different needs and wants. Therefore, it always listens to them and strives to offer options that match their expectations. You can choose the one based on what is important to you.

Lenders send no requests to major credit bureaus

The company's loans for bad credit don't involve hard financial vetting. Thus, loan processing is fast, and your credit score won't go down.

Borrowers with poor credit scores get loans nine times out of ten

If you can demonstrate a sufficient income that is high enough to service your potential debt, you don't need to worry about your credit history. It's not obligatory to apply for a secured loan if you don't want to risk your property.

#2. ASCIN Payday Loans – Best Unsecured Personal Loans for Bad Credit

ASCIN Payday Loans

ASCIN Payday Loans is your solution when you need urgent cash. The company knows that unexpected expenses can arise regardless of your credit and financial status. That's why it offers small dollar loans to people with any credit history. Additionally, they have an easy application process that helps you get money fast without any stress. There's no judging based on a borrower's credit score. Instead, the company focuses on helping people in need get the funds they're looking for. At ASCIN Payday Loans, they can gladly help you tackle any financial emergency that comes your way.

Features

No screening through credit bureaus

Unlike traditional lenders, the company's lenders don't base their decisions on credit scores. This is a great feature for those with less-than-perfect FICO scores or no credit history. Its loans are accessible to almost everyone and don't impact your credit rating.

The ability to apply online

The service offers a smooth application process that you can complete online. Thanks to this, it becomes much easier to get the money you need. You're welcome to apply from the comfort of your home. Tedious waiting in long lines is a thing of the past if you apply through this company.

Fast money transfers

ASCIN Payday Loans offers quick funding for needy borrowers. Customers can receive their funds in as little as one business day after approval. This way, applicants can get emergency assistance for situations when conventional loans are too long to wait.

#3. ASAP Finance – Quick No Credit Check Loans with Guaranteed Approval

ASAP Finance

ASAP Finance stands for emergency financial assistance and is focused on the speed of all processes at each stage of obtaining a loan. From the application to accessing cash, you can enjoy the convenience without extra steps or actions. By filling out one loan request form, many loan options become available to you. This is because the company unites multiple direct lenders that will compete to work with you.

ASAP Finance's lenders offer both personal installment loans and payday loans, so they can fulfill your short-term and long-term needs. The application process is completely online and free. You can access an application form 24/7 and solve your problems at any time.

"No one can predict money problems, but some people have to make more effort to get additional assistance. We strongly believe it's unfair to deprive customers with poor credit scores of financial support. All they need is just covering their basic needs. That is why we start to help them with getting loans for bad credit that can replace bank loan options." – Gregory Allen, the principal CEO of ASAP Finance.

Quality Score: 4.7/5

The quality score that ASAP Finance gets is 4.7 out of 5. Here are the company's grades for the parameters that result in the total score:

Customer reviews: 4.6/5
Customer support: 4.3/5
Approval rate: 97%
Loan decision speed: 5/5

Features

Perfect for poor credit score

The company is focused on helping people who experience credit difficulties, so the loans it offers are all about being accessible with bad credit.

Fast funding to your bank account via direct deposit

If you get approved, there's no need to leave your home to get cash. The money will be deposited directly into your checking account, and the funding process takes as little as one business day.

No upfront fees are charged

The only thing you pay for when getting bad credit loans through the platform is lender's fees that are charged for using the money within the agreed period. The service is completely free for its users.

#4. 12M Payday Loans – Get no Credit Check Loans in Minutes

12M Payday Loans

Need cash urgently, but your credit score is holding you back? Fortunately, it's not a barrier anymore! Pay attention to 12M Payday Loans – one of the fastest and most reliable sources for no credit check loans. At 12M Payday Loans, you can get extra cash without planning it in advance, just like financial emergencies can enter your life. The platform offers quick and easy-to-get loans without putting you through the hassle of credit checks or complicated paperwork.

Features

Stress-free borrowing experience

12M Payday Loans do its best to provide a stress-free borrowing experience for its clients. You can enjoy its user-friendly website that allows you to complete the application process from anywhere.

Money can be used for any purpose

Whether you need to pay for an unexpected car repair, medical bill, or any other expense, 12M Payday Loans is here to help. Its partner loan providers know that people struggle with different problems. As each situation is unique, there are no limits on what you can spend the money for.

A bad credit score is considered

You don't need to provide collateral or bring a co-signer to get an online loan through the service. The company's loans were designed to meet the needs of those with credit issues. Having bad credit here is just a fact, not an obstacle.

#5. 15M Finance – Easiest to Get Loans for People with Bad Credit

15M Finance

Have you ever thought that it is hard to get loans for bad credit? At 15M Finance, they know how to prove you have erred. Even if you have just the basic knowledge of using the Internet, it won't be a problem for you to apply. Just visit the company's website and follow the step-by-step instructions after clicking on the "Apply" button.

15M Finance is not a direct lender. It's more of a marketplace with various offers from legitimate loan providers that are united in one huge network. The whole network can access your loan request after you submit a form, so it's no wonder that at least one of them can meet your needs. Moreover, all the lenders in the base specialize in bad credit assistance, so getting an online loan from them is commonly a piece of cake.

"Our company believes that we should gradually move away from the model wherein a credit score is decisive in making an approval decision. In addition to worsening the lives of people with bad credit, it is also not a guarantee of getting a reliable borrower. Any of us can make a wrong move at one point or find ourselves struggling with difficulties in paying rent or utility bills on time. It only says that the person needs help. And we're here to provide it quickly and efficiently." – Shania Brenson, the founder of 15M Finance.

Quality Score: 4.6/5

15M Finance's quality score is 4.6 out of 5. Let's take a closer look at the results of the research based on the following factors:

Customer reviews: 4.4/5

Customer support: 4.6/5
Approval rate: 94%
Loan decision speed: 4.8/5

Features

A hassle-free application procedure

The company values its borrowers' time and minimizes the efforts they need to make to apply. Getting a cash advance loan becomes as simple as two times two due to a straightforward application process.

Almost guaranteed loans with a high level of approved applications

Poor credit history doesn't deprive you of getting cash loans from lenders that partner with 15M Finance. Loan providers accept applicants with any credit and are more likely to fulfill their requests for bad credit loans.

Payday lenders don't check your credit report

Most payday loans offered by 15M Finance's partner lenders are free of hard credit inquiries. This is made to prevent your credit rating from going down and make the whole loan process faster.

#6. Magnolia Payday Loans – Apply for Loans for Bad Credit Online

Magnolia Payday Loans

At Magnolia Payday Loans, you shouldn't be ashamed of who you are. They understand that bad credit doesn't define your personality and believe that everyone deserves a second chance. The company has helped thousands of people with bad credit access the financial support they need. Thus, they will be able to help you if you can meet a few age and income requirements.

As time is one of the most important resources, the service strives to take as little of it as it's possible. You're welcome to apply completely online and get the funds by the end of the next working day.

Features

Eligibility criteria that almost everyone can meet

You don't need to jump out of your skin to get a few hundred dollars and make ends meet. The requirements here are lenient, so being who you are is enough to get the assistance you're looking for.

Free application process

You can submit your application form as many times as you wish without paying anything upfront. This means that before you accept a loan offer, you can shop around for a better one.

No collateral backing

There's no need to take risks and worry about your property. The company offers unsecured loans and doesn't ask borrowers to provide any pledge to get cash.

#7. Second Chance Payday Loans – A Fast Way to Get Financial Assistance with Any Credit Score

Second Chance Payday Loans

Second Chance Payday Loans is a connecting company with a unique approach to lending. It was designed to meet the needs of individuals with all credit backgrounds. Getting a loan through the service is easier than ever. Just make a few clicks and apply for a loan, no matter where you are. A loan decision will arrive in minutes. If positive, the funds will reach your bank account in as little as 24 hours.

With Second Chance Payday Loans, borrowers can receive the funds they need quickly and without hassle. You're welcome to apply even if you have less-than-perfect credit. As the name suggests, the company offers a second chance to those who have been turned down by traditional lenders. If you need a pathway to financial stability, just give it a try.

Features

Devotion to transparency

The company's partners work in accordance with federal law and are obliged to specify every single detail related to loan terms and conditions. You may be sure you won't be asked to pay more than was agreed upon until you pay on time.

Options with affordable monthly payments are available

Besides payday loans online, you can also get no credit check installment loans. If you're looking for an option with a longer term, Second Chance Payday Loans can meet your demand.

Your credit score doesn't matter

People with a steady income have a high probability of getting approved. Lenders are more focused on your solvency, not your credit rating.

#8. Grant Payday Loans – Guaranteed Online Loans with a Smooth Application Process

Grant Payday Loans

Grant Payday Loans is more than just a connecting company. It gathers a team of dedicated professionals under one roof in order to help people reach their financial goals more efficiently. The platform is committed to guiding you throughout the entire loan process, from the application stage to the final payment. It offers loans with no credit checks at competitive interest rates and with flexible repayment terms. And don't forget about its excellent customer service! While you're dealing with the platform, it becomes obvious that its core goal is to provide you with a loan that meets your needs and fits your budget.

Features

A secure and confidential application process

Grant Payday Loans takes the privacy and security of their customers' information seriously. The service uses the latest encryption and security protocols to ensure that all personal and financial information is safe and confidential.

Modern financial solutions

The whole process of obtaining a loan is remote. Enjoy a digital loan procedure at every stage, from application to money funding. It's a new word in the world of lending.

Soft credit checks only

While conventional lenders place a heavy emphasis on credit scores, Grant Payday Loans offers cash advances without a hard credit pull. This makes them accessible to those with no or poor credit.

#9. 300 Cash Loans – Get a Guaranteed Loan Approval Decision in One Hour

300 Cash Loans

300 Cash Loans is a company with a strong focus on efficiency and customer satisfaction. This connecting platform offers borrowers loans with almost guaranteed decisions in just one hour. Their streamlined online application process makes it easier to apply and receive funds quickly. You can forget about the headaches of traditional lending.

At 300 Cash Loans, their outstanding customer service goes beyond speedy loan decisions. The company also keeps track of interest rates to make sure each client can get the best deal possible in their particular situation.

Features

Bad credit is OK

You don't need to worry about improving your credit score before applying. Whatever your credit rating is, it will be sufficient if you meet other lenders' criteria.

No hidden fees

300 Cash Loans offers transparent and straightforward loan terms. There are no hidden fees or charges in addition to those specified in your loan agreement. Borrowers can be sure they are informed about what they're getting into. More than that, you don't need to pay anything to apply.

Strong focus on customer satisfaction

The company works hard to improve existing products and create new ones to better meet customers' needs. 300 Cash Loans is a place where they put people first.

#10. Quick Cash Loans – Easy-to-Obtain Same-Day Loans for Bad Credit

Quick Cash Loans

Quick Cash Loans is an online service that is focused on providing easy-to-get cash advances to individuals with credit difficulties. If you're in a financial bind and need cash fast, Quick Cash Loans can provide you with fast financial assistance. The combination of speed and efficiency is the detail that sets the company apart from other connecting platforms.

The company offers a wide range of loan options that are accessible to borrowers with poor credit, including payday loans and installment loans. If you're looking for a trusted partner that can help you go through financial hardships, Quick Cash Loans is a great option to consider.

Features

No faxing is required

It's possible to apply for a loan without faxing in the extensive documentation. Quick Cash Loans offers a completely online application process that is faster and more convenient for borrowers at the insane pace of the modern world.

Multiple loan offers in a few clicks

The company works with a variety of lenders that are eager to offer a loan to you. Just fill out one form and let the company share your data with them.

The service that works across the country

The company doesn't tie you to one place. You can live in any state and be able to apply for a loan with the help of your laptop or smartphone.

What Factors Have Affected Our Choice for The Best Bad Credit Loans with Guaranteed Approval?

Most people think that loans for bad credit are identical on the whole. In fact, it's a bit more complicated. Besides the fact that the situation on the market may vary from state to state due to their lending laws and regulations, each lender can also set its rules and requirements that are not against the law. Therefore, two identical at first glance products may differ significantly.

Here's a short borrowing guide that we've used to determine the best bad credit loans with guaranteed approval. It can also be useful for you if you want to do your research but don't know where to start.

Compare interest rates

An annual percentage rate on bad credit loans will always be over the interest rates that bank loans have. However, if you compare interest rates within similar products, you will see they vary too. The lower the interest rates, the less your overpayment will be. Thus, our list consists of companies with reasonable interest rates for the products offered.

Pay attention to options for bad credit history

First, you need to find out whether the lender actually has such options. If yes, learn more about the type of credit check it performs and whether it affects your credit score. Also, it's great to know an approximate acceptance rate to understand your chance. We've chosen companies that don't care about borrowers' credit histories, don't perform hard pulls, and have a high level of approved bad credit requests.

Don't forget about the extra fees

Some connecting platforms may have upfront fees that borrowers are forced to pay to apply. It's not recommended to deal with such companies. Upfront fees can be a mark of scammers. This way, you will lose money and don't get a loan in the end. Also, check the information about late and prepayment fees to understand what can be the repercussions of defaults or early payments.

Check out customer reviews

You can get more information from customer reviews than you think. All companies tend to show you their best side to grab your attention. But customers who have already borrowed money from them know for sure the way things really are and can warn you against dealing with a predatory service.

Review the lender's website

If a lender is open to its clients and has nothing to hide from them, you will notice it straightaway. Full and transparent information about the products, contact details, and user-friendly interface are the first things you need to pay attention to.

What Is a Credit Check and Why Is It Performed?

A credit check is a type of financial vetting that implies access to your credit and payment history. A credit check can be of two types – a hard or soft credit check. Hard checks are only performed by traditional financial institutions. These lenders conduct credit checks through major credit bureaus to review your overall creditworthiness before approving or rejecting you for a loan. Thus, a hard credit check takes place when you apply for a new loan or credit card through a bank or credit union. The main things that you need to know about hard pulls are that they have a toll on your credit score and take several days to complete.

In its turn, a soft credit check may be conducted by landlords, property management companies, employers, online lenders, and other entities that need to get some personal and financial information about you. Such a credit check is made through alternative means and doesn't affect your credit history. It is also very fast and can be completed within one hour or less. That is why most bad credit borrowers prefer to apply for no credit check loans with guaranteed approval from a direct lender when they need money fast and don't want their credit rating to drop.

Definition of Online Loans with No Credit Check

Online loans with no credit check are cash advances that an individual can get completely online without going through a hard pull. These loans offer almost guaranteed loan approval with no credit check. A person can obtain such a loan even if they have some damaging records in their credit report. A no credit check loan can be both a long-term and a short-term small-dollar loan solution depending on its type.

One of the key features of no credit check loans is their speed. Almost all online loans are transferred via direct deposit, so they reach your bank account within one business day. Nevertheless, there's one more feature that is more of a drawback. Loans for bad credit online often have above-average interest rates that make them expensive.

How Does a No Credit Check Loan Work?

As no credit check loans were designed to be as simple as possible, their working mechanism is also very plain. As direct lenders are aimed at helping people with credit issues, they set a few simple criteria and exclude your credit score from the list. At the same time, lending money to you is still their business, so they expect to get them back with interest. From this point, bad credit loans work like any other form of debt – you receive a loan amount and need to return the initial sum plus charges on time. But the loan process is typically faster and easier.

After you decide on a lender and make sure you meet its requirements, you need to fill out an online application form. If there's nothing suspicious a lender finds during a soft pull, it sends you a loan offer in as little as one hour. After you get approved, you need to get acquainted with a loan agreement wherein you can find all the information about your bad credit loan from a direct lender. If everything is good, sign it and let the lender deposit cash to your checking account.

What Minimum Credit Score Must a Borrower Have to Get a No Credit Check Loan Online?

There are no minimum credit score requirements for most bad credit loans. And this applies to both secured and unsecured loans. Your bad credit score plays no role until you can prove it's not a problem for you to repay the requested amount. Thus, a bad credit loan is a good option for people with stable incomes and spoiled credit histories.

Pros and Cons of Bad Credit Personal Loans

Like any other form of debt, bad credit personal loans with guaranteed approval have their benefits and drawbacks. Let's start with positive features:

These loans are easy and fast to apply for;
Your credit score doesn't matter;
Lenders offer almost instant approval;
You can get a bad credit loan within one business day;
No hard credit checks are performed.

However, there are also some negative sides of bad credit loans:

High interest rates may be set;
Many lenders charge additional fees;
Doesn't help you improve your credit;
Limited loan terms for some options.

Types of No Credit Check Loans (Guaranteed Approval Options)

All no credit check loans with guaranteed approval can be divided into several types that meet the needs of various groups of people. Here are the most popular forms of guaranteed approval loans.

No Credit Check Payday Loans

A payday loan is a form of cash advance that bad credit applicants can get within a business day and without hard credit report verifications. Payday loans are provided by payday lenders and can be used to solve small financial problems that can be covered by $1,000. No credit check payday loans online are limited in repayment terms by your next paycheck. They represent the easiest-to-get loans with one of the highest interest rates in the industry.

Cash Advance App Loans

People who can't or don't want to apply for payday loans online (instant approval) by PC can do it through various apps for instant money that can be simply installed on your smartphone. Also, payday loans obtained through cash apps are more likely to be less expensive due to lower interest rates and fees. You can find a cash advance app for both Android and iOS devices and download it in the Play Market or App Store, respectively.

Auto Title Loans

These are secured loans, which means that it's mandatory to put up collateral to access them. Car title loans are cheaper alternatives to payday loans from direct lenders, with terms of up to 31 days. Your loan amount will depend on the value of the pawned vehicle. Borrowers usually get between 20% and 50% of its price.

Installment Loans for Bad Credit

Installment loans for bad credit are a longer-term option that allows you to repay debt in equal monthly payments instead of returning money in full on the due date. Installment loan lenders provide up to $5,000 assistance. Installment loan terms can be up to 24 months.

Bad Credit Personal Loans with Guaranteed Approval

A bad credit personal loan with guaranteed approval is the closest option to bank loans. But it is the one that is available with poor credit. The repayment period can be up to 60 months, which suits those who look for more flexibility. With the help of a personal loan for bad credit, you can get up to $15,000, provided that your income is steady and high. However, in some cases, you may require a co-borrower to get a loan.

Secured Loans from Traditional Financial Institutions

Traditional secured loans offer probably the best loan conditions among all the bad credit loan options. However, like all secured debts, these secured loans require collateral that you can lose in case of non-payment. Also, this option doesn't fully fit this group of loans as it always comes with a hard credit check like all traditional loans do.

Are No Credit Check Personal Loans a Good Solution?

The only thing that determines whether a bad credit loan is a good or a bad idea is the way you use the money. No credit check loans are more likely to bring benefits to you if you approach the issue responsibly and make all the necessary calculations. Covering emergencies, such as car repairs or medical bills, can be an example of a situation when same-day loans for bad credit are a good idea.

Requirements for Same-Day Loans for Bad Credit

After you have decided on a bad credit loan type and narrowed down your options to one service provider, it's time to check its eligibility criteria for borrowing. Some common requirements for no credit check loans (guaranteed approval) include the following:

Legal age;
Steady income that is over $1,000 per month;

Having an active bank account;
Having US citizenship.

FAQ

What Do I Need to Get Loans for Bad Credit Online?

Bad credit loans don't require a lot of effort to get them. You just need to be of legal age and have a bank account, steady income, and US citizenship. If you meet these requirements, feel free to complete a loan request form and get an online loan.

Do Bad Credit Loans (Guaranteed Approval) Affect My Credit History?

Bad credit loans don't affect your credit if a lender you work with doesn't run a hard credit check. Therefore, you need to choose a lender carefully if a lack of hard pull is important to you.

What Funding Terms Do Bad Credit Loan Companies Have?

It takes as little as 24 hours for most bad credit loans to reach your checking account.