Loans for Bad Credit - Find The Best Loan for You with Capital Bean - Apply Online for Guaranteed Approval

Apply today for Bad Credit Loans Online with Capital Bean. If you want to guarantee approval then we offer $100 to $35,000 that can be repaid from 1 to 60 months. Check your eligibility in less than 5 minutes using our free online form today.

Representative Example:
On an assumed loan amount of $750 over 12 months. Rate of interest 292% (fixed). Representative 171%APR. Total repayment amount $1351.20 and total interest is $601.20. 12 monthly payment of $112.60.*

What Is A Bad Credit Loan?

A bad credit loan enables those with a poor or very bad credit score to borrow money. Typically, your credit score is a determinant of whether or not you can receive a loan, with bad credit making you less likely to successfully qualify; however, there are a growing number of lenders willing to provide loans for those with a bad credit history.

If you have a poor or less than perfect credit score, it does not mean that you are ineligible to apply for a loan, even if you have been declined in the past or have defaulted on prior loans. However, it may be that you are subject to different loan terms or interest rates. You may also be required to secure the loan using collateral, for example having to take out a title loan or car loan.

How Much Does A Bad Credit Loan Cost?

The cost of a bad credit loan will depend on the lender and on your personal financial profile. Typically, bad credit loans come with high APR with the average title loan or payday loan product charging an interest rate of between 300-600% APR.

The APR calculates interest as an annual rate, as if the product were to last for the entire year, however these loan products tend to only be short-term, lasting just a few weeks or months.

How Do I Know If I Have Bad Credit?

If your credit report shows defaulted payments, heavy debt or negative repayment histories, this demonstrates risky borrowing behavior and could mean that you have a very bad credit score; however, credit scores are based on a combination of factors.

Information from credit reference bureaus like Equifax, Experian, and Transunion can help you if you think you have a bad credit score. This is a paid service but you can request a free trial which will tell you your credit score.

Am I Eligible For A Bad Credit Loan?

You must meet the following requirements to get a bad credit loan:

  • A U.S citizen
  • 18 years or older
  • Minimum monthly income of $800
  • Have a cell phone
  • Able to afford monthly repayments
  • We consider bad credit histories
  • Have an open checking account to receive your money

can-i-get-a-payday-loan-in-californiaThe right partner

Capital Bean only ever works with trusted lenders so we can guarantee responsible lending. With hundreds of different lenders available across the US, we can analyze your application and make sure we are finding the right lender and the best loan product for your personal circumstances.

search-will-never-impact-credit-historyNo impact on your credit history

Capital Bean will use soft credit checks to assess your finances which will never leave a visible footprint on your credit history. We look at factors other than just your credit history in order to determine your creditworthiness. This means that even if you have a poor credit score, you can still be considered for a loan.



Capital Bean is a broker rather than a direct lender. This means that we do not supply the funds directly but instead match you with the best lender for you. Even if you have poor or bad credit, we will always try and help you find access to funds.

Can I Still Get A Loan With Very Bad Credit?

You can still apply for a loan even with a very bad credit score when working with specialist lenders. These lenders can help you take out a loan of up to $5,000 even if you have a bad credit score, taking into account other factors such as employment status, income, living status and the purpose of your loan.

Bad credit loan companies are used to working with struggling financial profiles so tend to be more lenient about the requirements. Regardless of whether you have had missed payments in the past, if your current situation is stable (for example you have a steady income and commit to repaying your loan), they are likely to consider your application.


How Quickly Can I Get A Bad Credit Loan?

Many bad credit loan companies can offer same day loans and a 100% online application. This means that often, in just 24 hours, you can apply, be approved and receive funds.

Usually, smaller amounts are faster to be funded and can be done in as little as 1 hour depending on the company. Often larger amounts such as $1,000 or $2,000 will need longer to process as the lender may need to check that your income information is correct before approving funds.

If your bad credit loan is a secured loan, the lender will need to check the details of your collateral which may delay the process by a day or two.

What Types Of Bad Credit Loans Are There?

There are a few options available for borrowers with bad credit including:

  • Personal loans for bad credit
  • Installment loans
  • Cash advances
  • Payday loans
  • Auto and car loans
  • Title loans
  • Secured loans

What Alternatives Are There For Bad Credit Loans?

If you have bad credit and are worried about taking out a bad credit loan, there are many alternatives available.


If you do have any savings available, using them may be a more sensible option than taking out a high-interest loan. Although your savings may be gaining interest, this is likely to be less than you would pay on a loan. Therefore, this is likely to be a cheaper option and save you money in the long run.

Borrow from friends or family

Opting to borrow from friends or family will mean that you avoid the expensive interest charges associated with taking out a bad credit loan. Also it will not impact your credit score. If you do choose to borrow money, make sure that all parties are clear on the repayment, namely how much you will be borrowing and when you will be paying it back.

Talk to your employer

If you need short-term funds, it may be possible to ask your boss to advance your wages. Many companies are able to do this and it would mean that you would not have to take out a high-interest loan. There is no need to make a repayment on these advances as it is money that you have already earned and comes directly out of your wages.

Consider a guarantor loan

Using a relative or friend with good credit to act as a guarantor on your loan will mean you are more likely to be approved. If you default the loan repayment, it will mean that the guarantor has to pay so it is worth understanding the risks before entering into this type of agreement.

Credit unions

Credit unions provide loans and funding for those who need financial assistance. You will need to be a member of the union but the membership fee tends to be small. Unlike banks, credit unions often offer personalized services and can provide more options for those with a poor credit history.

FAQs for Bad Credit Loan

What’s the maximum and minimum I can borrow?

Payday loan amounts range from $100 to $35,000.

If I have bad credit can I still get a payday loan?

Absolutely, yes. Capital Bean works with a wide range of people with different credit histories. This also includes those that have a bad credit history or score.

What’s the maximum and minimum duration of a loan?

At Capital Bean you can borrow to be repaid over a maximum period of 5 years. Some of our shortest loans are repaid in 2 weeks depending on the amount.

Is Capital Bean a lender?

Capital Bean is a broker, meaning that we will not pay you the funds directly but instead work with our panel of lenders to get you the best possible rate. We will pass your details on to the lender that is best suited to your circumstances. This means the best interest rates and best repayment terms.

How much does it cost to submit a payday loan request?

There are no fees to submit a payday loan request via Capital Bean’s online application service.

How quickly can I get the funds through?

If you’re approved you could have the funds in as little as an hour. So if you’re looking to get money through on the same day then Capital Bean could be the right partner for you.