Personal Loans Review

If you have bad credit but need to borrow money, exploring and what they offer could be a wise move. Read our comprehensive review to learn how this website works, what kind of loans they offer, and how to apply.

APR Range
Loan Amount
3–36 months
3 / 5.0
SimpleScore 3
Rates 3
Loan Size 1
Customer Satisfaction N/A
Support 3
Fees 5

If you’re struggling with a low credit score due to mistakes you made in the past, it can be difficult to rebuild your credit from scratch. Not all lenders want to extend a loan to consumers with poor credit, and even those who do tend to charge high interest rates and fees. is a loan aggregator that connects borrowers with lenders willing to loan money to individuals with fair or poor credit. Loans offered on this platform don’t offer the lowest rates or the best terms, but they can be attractive for people who can’t get credit elsewhere.

Check Your Personal Loan Rates

Answer a few questions to see which personal loans you pre-qualify for. It’s quick and easy, and it will not impact your credit score.

Get Started

with our trusted partners at

In this article Key Takeaways

    • connects consumers with poor credit with several different types of loans from various lenders.
    • Borrow up to $5,000 with poor credit.
    • Interest rates are between 5.99% and 35.99%.
    • Applying for a loan is free.
    • Repayment terms range from 3 to 36 months.
    • You aren’t obligated to accept any loan you’re offered. Review: An Imperfect Way to Borrow Money

    Having poor credit puts you in a difficult position if you need to borrow money. You may not be able to qualify for traditional loans, and the loans you do qualify for won’t come with the best rates and terms. - BR steps in to help you find the best bad credit loan for your needs. The site allows you to apply once and receive several offers all in one place. Once you have a selection of loans to choose from, you can compare them to see how they stack up in terms of interest rates, fees, and repayment terms.

    To get approved for a loan through, you need to be at least 18 years old and a citizen of the United States. You also need to have a valid phone number and email address, a checking account that’s in your name, and proof of income or employment. While there is no minimum credit score to apply and all credit situations are welcome, you may receive higher quality loan offers if your credit score is on the “high side” of poor — in the high 500s and up.

    While loans through can be used for a variety of purposes, their website specifically markets the following loan types: What to Watch Out For

    While borrowing money is always a tricky proposition, you have a lot more to lose when you take out a loan with poor credit. Loans for individuals with extremely low credit scores tend to come with very high interest rates and fees — and these costs can add up in a big way over time.

    Loans offered through - BR come with interest rates as high as 35.99% — that’s nearly twice the APR of the average credit card. If your credit is especially bad, you may also be limited in how much you can borrow.

    Accepting a loan with unattractive terms can leave you struggling to pay it off in a reasonable amount of time due to excessive interest. If you borrowed $1,000 at 35.99% APR and needed 36 months to pay it off, for example, you would pay a total of $643 in interest before you were free from this debt.

    With that being said, a bad credit loan can still be better than a payday loan since, payday loans tend to offer even worse terms and higher APRs. If you have to borrow money and have very few options available, checking your loan options with can’t hurt.

    Who Is Best For:

    • Consumers with poor credit who need to borrow money
    • Anyone who is looking for a smart alternative to payday loans
    • People who can repay their loans quickly, since bad credit loans tend to come with high interest rates

    How to Apply for a Personal Loan with

    Before you consider personal loans for bad credit, it can help to get a free copy of your credit score online. Your score may be higher than you think, which means you could qualify for a loan with better rates and terms through a traditional lender.

    If you know your credit is bad, however, checking your options with makes sense. To get started, all you need to do is fill out a short loan request with information such as:

    • Your name
    • Your address
    • Your Social Security number
    • Income or employment information
    • Email address
    • Ideal loan amount and repayment terms

    Check Your Personal Loan Rates

    Answer a few questions to see which personal loans you pre-qualify for. It’s quick and easy, and it will not impact your credit score.

    Get Started

    with our trusted partners at

    From there, will connect you with several loan options you can compare to find the best deal. If you’re approved for the loan you want, all you need to do is look over the terms and conditions to make sure you fully understand how your loan will work.

    You’re then able to authenticate your loan online. Depending on when you apply for a loan and how quickly you get approved, you could even receive your funds in your bank account as soon as the next business day.



    The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.

    For every review, our editorial team:

    • Identifies five measurable aspects to compare across each brand
    • Determines the rating criteria for each aspect score
    • Averages the five aspect scores to produce a single SimpleScore

    Here’s a breakdown of the five aspect scores and their rating criteria for our review of the best personal loans of 2020.

    Why do some brands have different SimpleScores on different pages?

    To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

    However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare NetCredit’s personal loans according to our criteria for the best personal loans, it scores a 2.3 out of 5. But when we compare NetCredit according to the criteria for the best bad credit personal loans, it scores considerably higher, since the criteria for the latter review are more lenient (lenders who serve borrowers with bad credit will always offer higher rates, so we needed to adjust our category methodology to account for different industry standards).

    Questions about our methodology?

    Email Hayley Armstrong at


    We looked at the maximum APR for each lender — the lower their maximum rate, the higher their score.

    Loan Size

    We awarded higher scores to lenders with more generous loan sizes.

    Customer Satisfaction

    We leveraged the J.D. Power 2019 Personal Loan Satisfaction Study℠ to see how customers rated their experience with each lender. (If a lender wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)


    We awarded higher scores to lenders with the most channels for customer support.


    We looked at the three most common fees — origination, late payment, and pre-payment — and penalized lenders for each fee charged.

    Holly Johnson

    Contributing Writer

    Holly Johnson is a frugality expert and award-winning writer who is obsessed with personal finance and getting the most out of life. A lifelong resident of Indiana, she enjoys gardening, reading, and traveling the world with her husband and two children. In addition to The Simple Dollar, Holly writes for well-known publications such as U.S. News & World Report Travel, PolicyGenius, Travel Pulse, and Frugal Travel Guy. Holly also owns Club Thrifty.