Representative Loan Sample
For example, a $2,000 cash loan subject to a 19.9% representative APR to be repaid over a period of 12 months and a monthly payment of $183.63, would entail a total repayment amount of $2,203.56.
- Home
- Personal Loans
- BadCreditLoans.com Review
BadCreditLoans.com Review
Our content is free because we may earn a commission when you click or make a purchase using our site. Learn more.
At ConsumersAdvocate.org, we take transparency seriously.
x
To that end, you should know that many advertisers pay us a fee if you purchase products after clicking links or calling phone numbers on our website.
The following companies are our partners in Personal Loans: Lending Club, PersonalLoans, Avant, Fiona, LendingPoint, Prosper, LightStream, Loans Under 36, Upgrade, Credible, Federal Trust, LoanPioneer, BadCreditLoans.com, AmOne, and PenFed.
We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. Partners may influence their position on our website, including the order in which they appear on a Top 10 list.
For example, when company ranking is subjective (meaning two companies are very close) our advertising partners may be ranked higher. If you have any specific questions while considering which product or service you may buy, feel free to reach out to us anytime.
If you choose to click on the links on our site, we may receive compensation. If you don't click the links on our site or use the phone numbers listed on our site we will not be compensated. Ultimately the choice is yours.
The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. We know we can only be successful if we take your trust in us seriously!
To find out more about how we make money and our editorial process, click here.
Founded in 1998 and based in Tacoma, Washington, BadCreditLoans.com is a free marketplace that connects individuals, regardless of credit history, with a network of state and Tribal lenders and financial service providers that offer loans from $500 to $5,000. These loans are processed online and do not have a collateral requirement.
How is BadCreditLoans.com rated?
Breakdown
Overall Rating: 0 / 5 (N/A)
BadCreditLoans.com does not offer loans. Instead, they connect applicants, free-of-charge, with an affiliate network of bad credit loan lenders that can offer loans between $500 to $5,000. Individuals with a poor credit score are encouraged to apply for a loan, although it is advised that they typically will not qualify for a loan over $1,000.
BadCreditLoans.com Loan Specifics
Loan Specifics - 0 / 5
As a free marketplace that will match the applicant to an affiliate lender for a loan, BadCreditLoans.com does not define the specifics of each loan, it is up to the lender. However, their lender network has a loan amount minimum of $500 and a maximum of $5,000, which make them ideal for relatively small emergencies or purchases. Loans through BadCreditLoans.com can be used for any purpose, but they require applicants to specify the type of credit they seek and the reason to pair him or her with the most appropriate lender.
BadCreditLoans.com has a loan request form online that requires the following information: loan amount requested, credit score range, reason for the loan, full name, date of birth, military duty, email address, phone number, address, employment information, ID number, Social Security Number and bank account type. If you are approved for a loan from lender, there is no obligation to accept it.
Loan Uses
| Debt/Credit Card Consolidation | |
| Buy Home | |
| Major Purchase | |
| Home Improvement | |
| Medical Expenses | |
| Wedding | |
| Moving/Relocation | |
| Vacation | |
| Start Business | |
| Education | |
| Taxes |
| Loan Minimum | $500 |
| Loan Maximum | $5,000 |
| Term Length | 3-36 months |
| Direct Deposit | Yes |
| Decision Time | Depends on the lender |
| Disbursement Time | This will depend on each lender, but should be available in the next business day. |
BadCreditLoans.com Qualification
Qualifications & Flexibility - 0 / 5
For BadCreditLoans.com to connect you with its affiliate network of lenders, the applicant must be 18 years old, a U.S. citizen or legal resident, have a regular income, a checking account in his or her name, provide work and home telephone numbers, and a valid email address. Because it is a marketplace, and not a lender, loans' terms and conditions, such as if there are education requirements, debt to income ratio, credit insurance, if they pay creditors directly, disbursement time, among others, are determined by the lenders.
| Minimum FICO Score | No minimum FICO scored specified as customers with poor credit can still qualify for a loan. However, lenders usually do not loan more than $1,000 to those with bad credit scores. |
| Personal Income Considered | Yes |
| Verify Bank Account | Yes |
| U.S. Citizen | Yes |
| Hard Credit Pull | No |
Alternative Factors to Credit Score Considered
BadCreditLoans.com's affiliate lenders will not deny a loan application solely based on poor credit alone. They take into consideration if the applicant has a steady income and a checking account.
BadCreditLoans.com Cost of Loan
Costs, Interest Rates, Discounts & Fees - 0 / 5
BadCreditLoans.com APR range offering is the industry standard. Please note the applicable APR and fees will vary among the affiliate network of lenders of BadCreditLoans.com.
| APR Range | 5.99%-35.99% |
| Origination Fee | Depends on the lender |
| Missed Payment Penalty | Depends on the lender |
BadCreditLoans.com Reputation
Customer Service and Reputation - 0 / 5
BadCreditLoans.com has a limited online reputation, all of which is poor. The Better Business Bureau (BBB) gave BadCreditLoans.com a score of 'F' because it has 6 complaints filed, of which 5 have gone unanswered. One of the latter stands out as it refers to a gift card scam from a lender. The two reviews on the BBB are also negative.
BadCreditLoans.com has a poor score on Trustpilot despite having 6 "excellent" and "great" reviews out of a total of 7. This may be due to that all positive reviews were made in 2014, while its only "bad" review was written more recently in 2018.
With that in mind, we advise caution when using BadCreditLoans.com until they have built a better and stronger reputation.
| Type of Institution | Marketplace |
| Year Founded | 1998 |
| BBB Rating | F |
| Number of BBB Positive Reviews | 0 |
| Number of BBB Negative Reviews | 2 |
| Trust Pilot Rating | 3.7 out of 5 |
| Consumer Financial Protection Board (CFPB) Complaints | 0 |
| Date Collected | 2018-12-27 |
Disclaimer
BadCreditLoans.com is not a lender, but a marketplace. It has an affiliate network of lenders and financial service providers that it connects applicants to depending on the loan they seek.
| NMLS | Please note that BadCreditLoans.com is not a lender, it is a marketplace. In addition, they do not disclose who their affiliate lenders are. |
| Headquarters Address | 2661 N. Pearl St. #431, Tacoma, WA, 98407 |
| Homepage URL |
Our Comments Policy | How to Write an Effective Comment
Leave a comment for BadCreditLoans.com
Our Partner
- Marketplace for all types of loans
- Get $500 - $10,000 in one business day
- Rates fluctuate from 5.99%-35.99%
- Loan terms between 3 - 36 months
- Compare loan offers without obligation to accept them
- No collateral needed
Related to Personal Loans
Top Articles
Suggested Comparisons
Sign up to complete your review