Radiant Cash Personal Loans Review

If you’re ever facing a financial emergency, you might need money fast. Before turning to a quick cash lender, it’s wise to explore other funding opportunities that aren’t as expensive as payday or bad credit loans. However, not everyone can find options that will work for them, and a personal loan is the only option left sometimes. That’s where lender marketplaces like RadiantCash.com come in.

Radiant Cash is a marketplace that connects borrowers with bad credit with tribal lenders from Las Vegas, Nevada. These tribal lenders are owned by Native American tribes and offer small, short-term loans at high interest rates. While it isn’t the best choice for most borrowers, it can be used as a last resort for borrowers without other options.

When we review lenders like RadiantCash.com, we use our SimpleScore methodology to consider factors such as interest rates, loan size, customer satisfaction, support and fees to prove honest and transparent ratings.

Radiant Cash isn’t getting picked first for anyone’s financial team, but it offers a solid last resort for borrowers who need it.

Fixed APR
N/A
Variable APR
N/A
Term
Not Listed
SimpleScore
N/A / 5.0
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SimpleScore RadiantCash.com N/A
Rates N/A
Loan Amount N/A
Customer Satisfaction N/A
Support N/A
Fees N/A
  • Fast funding
  • Available to borrowers with bad credit
  • High interest rates
  • Small, short-term loans only
  • Not a direct lender
RadiantCash.com Disclosure

Due to the nature of loans provided through RadiantCash.com, we are unable to fully review it under our SimpleScore methodology system, thus its SimpleScore has been omitted.

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In this article

    RadiantCash.com at a glance

    Loan AmountUp to $2,500
    Eligibility RequirementsMonthly income of at least $800
    Best ForBorrowers with very bad or no credit who have no other borrowing options.
    Not ForBorrowers eligible for a personal loan elsewhere.
    Contact Customer Service844-562-8079admin@radiantcashs.com

    What we like about RadiantCash.com

    Fast funding

    RadiantCash.com advertises that once matched and approved with a tribal installment loan provider, borrowers can receive their funding in as little as one business day. This is a boon for borrowers who need to pay a bill quickly or are in a serious financial emergency that requires fast action. However, as fast as the funding is, remember it comes with a steep cost of borrowing from lenders with high interest rates.

    Available to borrowers with bad credit

    Borrowers with bad credit scores (or no credit scores at all) often have a difficult time finding a lender willing to extend a personal loan. And unfortunately, they don’t typically qualify for the best loan offers. While RadiantCash.com doesn’t offer competitive interest rates, it does offer loans to borrowers who may not otherwise be able to qualify for one.

    [ Read: Pros and Cons of Taking Out a Personal Loan ]

    Things to consider

    High interest rates

    According to the RadiantCash.com website, interest rates on short-term loans can range from 200% to 2,290%. RadiantCash.com isn’t a lender and doesn’t have the final say on what interest rate you qualify for — the tribal lender you match with and apply for will dictate your interest. That being said, you can generally expect that the lowest rates will be reserved for borrowers with good credit scores.

    Small, short-term loans only

    RadiantCash.com is not a suitable option for anyone who needs to borrow a large amount of money or who needs extended loan terms. The tribal marketplace lender only offers matching to lenders with amounts ranging from $100 to $2,500. And while its website doesn’t indicate what loan terms are available, it does explicitly state that it connects borrowers with short-term funding.

    Not a direct lender

    RadiantCash.com isn’t a direct personal loan lender. Instead, it offers a marketplace where prospective borrowers can be matched up with tribal lenders in Las Vegas who have loans to fit their needs. While it can be beneficial to have access to multiple loans at once, it also has its downsides. Because RadiantCash.com won’t be your lender, it also can’t provide much customer support or stand behind the loan product.

    [ See: How Personal Loans Work ]

    RadiantCash.com bad credit loans vs. the competition

    OppLoans is another option for bad-credit borrowers who need a personal loan fast.

    Fixed APR
    99%–160%
    Variable APR
    N/A
    Term
    Up to 3 years
    SimpleScore
    2.8 / 5.0
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    SimpleScore OppLoans 2.8
    Rates 2
    Loan Size 1
    Terms 3
    Support 5
    Fees 3

    OppLoans operates under two different business models. In 13 states, it acts as a lender, providing installment loans for borrowers with bad credit. In the rest of the country, it operates in a similar fashion to RadiantCash.com. OppLoans serves as a marketplace to connect borrowers with other lenders. OppLoans borrowers can get their money in as little as one business day. It also offers loans without credit checks, making it attractive to borrowers with bad credit, or even no credit at all. Just keep in mind that this flexibility comes with a tradeoff. OppLoans installment loans start at interest rates of 160% in some states.

    Peerform is a peer-to-peer lending platform connecting borrowers with investors to fund bad credit loans.

    Fixed APR
    N/A
    Variable APR
    N/A
    Term
    12–60 months
    SimpleScore
    3.8 / 5.0
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    SimpleScore Peerform 3.8
    Rates 5
    Loan Size 5
    Terms 3
    Support 5
    Fees 1

    Similar to RadiantCash.com Peerform doesn’t actually act as a lender. But instead of just connecting borrowers with financial institutions, the lender also allows individuals and institutions to join its marketplace as lenders. For those lenders, Peerform serves as an investment opportunity. Peerform offers loans as much as $25,000, which is significantly higher than what you can get with RadianCash.com. The lender also offers much more competitive interest rates, ranging from 5.99% to 29.99%.

    Like RadiantCash.com, BadCreditLoans.com is a marketplace connecting personal loan borrowers and lenders

    Fixed APR
    N/A
    Variable APR
    N/A
    Term
    3–36 months
    SimpleScore
    3.6 / 5.0
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    SimpleScore BadCreditLoans.com 3.6
    Rates 4
    Loan Size 2
    Terms 4
    Support 3
    Fees 5

    BadCreditLoans.com considers itself to be America’s go-to place for bad credit loans. However, it isn’t a lender, but it helps to connect prospective borrowers with personal loan lenders for loans up to $10,000. Interest rates from lenders in the BadCreditLoans.com network typically range from 5.99% to 35.99%, though they may be higher for those with very bad credit scores. According to its website, the loans BadCreditLoan.com’s lending partners offer are expensive compared to other loan products and not intended as a long-term solution, but rather for financial emergencies.

    How much will a RadiantCash.com loan cost?

    Because RadiantCash.com isn’t a lender, it can’t guarantee your interest rate. And while the marketplace doesn’t charge any fees for its services, borrowers will likely pay fees to the lender.

    The interest rate you’re likely to get from a RadiantCash.com lender is likely higher than what is available from other lenders. According to its website, loan rates range from 200% to 2,290%. Even for a small, short-term loan, you’ll pay a large amount of interest.

    [ Read: Secured Personal Loans vs. Unsecured Personal Loans ]

    Let’s say you borrow $1,000 that you plan to pay back within two months. Even at the lowest interest rate of 200%, you’ll end up paying more than $250 in interest. If you’re already in a bad financial spot and need money quickly, a loan through RadiantCash.com will make your financial situation even worse. Only take out a bad credit personal loan if you’re fully confident you can pay it back.

    Cheaper alternatives to RadiantCash.com

    Depending on your credit score, there’s a good chance you can find a more affordable personal loan than RadiantCash.com. For borrowers with bad credit, lenders like Upstart and BadCreditLoans.com offer starting interest rates below 10%.

    However, before you take out a personal loan — whether with no credit or bad credit — ask yourself if a personal loan from RadiantCash.com is the best choice. First, you should consider borrowing from friends, family or your 401(k). Then, you could explore credit cards for bad credit, which may have lower interest rates, or tap into community resources like charities or food banks. Just make sure you consider all other options available to you before taking out a personal loan, since it’s an extremely costly product.

    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 Bankrate.com

    We welcome your feedback on this article and would love to hear about your experience with the personal loans we recommend. Contact us at inquiries@thesimpledollar.com with comments or questions.

    Reviewed by

    • Courtney Mihocik
      Courtney Mihocik
      Loans Editor

      Courtney Mihocik is an editor at The Simple Dollar who specializes in personal loans, student loans, auto loans, and debt consolidation loans. She is a former writer and contributing editor to Interest.com, PersonalLoans.org, and elsewhere.