Best Emergency Loans For Bad Credit: Get Fast Cash Approval In 2022.

In life, unexpected situations often occur, and it’s not unusual for someone to need a more significant amount of money. 

But, you probably know that that’s not so easy to do, especially not from the banks, as the whole process through them is quite time-consuming. 

Another obstacle can be your credit score, which if it isn’t perfect, the banks won’t approve you as eligible for a loan. So, what can you do in a situation like this?

Well, the solution is very simple. You can always turn to an online lending platform that provides emergency loans with bad credit scores. 

These platforms have a wide network of available lenders, and they’ll connect you with a lender who, based on your info in the application form, is willing to lend you the needed amount of money. 

What makes them even better is that their services are speedy and free from charge, and this article contains the best of them. So, let’s look at the best platforms on the market.

Top 5 Loan Companies for Emergency Loans

1. MoneyMutual - Overall Best Platform for Emergency Loans On The Market

2. BadCreditLoans - Most Popular Same Day Loans for Bad Credit Score

3. RadCred - Well Known Direct Lender for Hardship Loans and Speedy Cash

4. CashUSA - Trusted Financial Institution for Payday Loans for Bad Credit

5. PersonalLoans - Reputed Loan Company to Get Emergency Cash Advance

#1. MoneyMutual: Overall Best Platform for Emergency Loans On The Market

The first, and one of the most loved lending platforms among the users, is the MoneyMutual, a platform that has existed since 2010 and it’s based in Las Vegas, Nevada. 

Since then, more than 2 million people have found a lender that provided them with the needed financial help, all thanks to this platform's services.

Whether you need an emergency loan for some unexpected payments, medical expenses, gas, or you need to travel somewhere, you can count on MoneyMutual to find and connect you with a lender that’s able and willing to loan you the needed amount.

Highlights

• You can apply for a loan ranging from $200 to $5,000.

• Applying for a loan via MoneyMutual and getting connected with the most suitable lender is absolutely free of charge.

• After you accept the offer, you’ll get the loan within the next 24 hours.

• MoneyMutual uses AES256 bit encryption for securing your info.

• TrustedSite regularly scans the MoneyMutual platform to check if there are some security risks.

• MoneyMutual customer service is ready to answer any questions you might have via email or phone.

Eligibility requirements

No matter if you’re self-employed, you have a fixed income, or the status of your credit score, MoneyMutual has set some eligibility requirements that you must meet if you want to apply and get an emergency loan. 

So, the first thing is that you must be of legal age, which means that you must be over 18 years old so you can use this platform's services. 

You also must be a citizen or a permanent resident of the USA, have a checking account where you’ll receive the loan, and have a regular income of a minimum of $800 per month. If you fail to meet all of these criteria, you can apply for a loan.

How to apply

You need to enter the MoneyMutual website and fill in the application form with your info, such as the state where you’re living, your Social Security Number, your income and some employer info, etc.

That'll take five minutes from your time, and the personal loan lenders will have instant access to your application form. 

That’s how a lender will know if he can loan you the needed money, and when he decides to lend you that amount, you’ll be redirected to its website, where you’ll need to complete another short form and take a look at the offer. 

If the terms and the fees fit you, simply sign the offer with an e-signature, and expect the money in your bank account in the next 24 hours.

=> Click here to visit the official website of MoneyMutual

Pros

• Free service

• Quick funding

• Basic requirements

• Simple applying process

• Encrypted platform

• Customer service

Cons

• MoneyMutual isn't available in New York and Connecticut

#2. BadCreditLoans: Most Popular Same Day Loans for Bad Credit Score

As the name states itself, the BadCreditLoans online platform will lend you a helping hand when you need financial help, whether your credit score is good or bad. 

The people that made this platform understand that anyone can have unexpected expenses, and that’s exactly the point of the existence of BadCreditLoans. 

Its services are free, and its security is at the highest level, so there’s no doubt that you’ll find exactly what you’re looking for.

What makes this platform so good is the extended lender network it has, which includes state-licensed and Tribal lenders, which might have slightly higher rates than the state ones. 

But, because of that, the chances that you’ll find an individual able to lend you the needed money are very high instantly.

Highlights

• You can apply for a personal loan from $500 to $10,000.

• Using this platform's services is 100% free of charge.

• The advanced encryption technology that BadCreditLoans has implemented keeps all of your personal data safe.

• APRs vary between 5.99% and 35.99%, and the lender sets them.

• You can contact customer support at any time via phone, email, or the online contact form available on the site.

• Blog with tips and tricks on how to recognize and avoid scams.

Eligibility requirements

The BadCreditLoans platform has established the most simple and essential eligibility factors, so for you to be able to use this platform's services, you must meet some criteria. 

The first thing is that you must be a USA citizen. You can’t apply for a loan if you're not, except if you have a permanent residency. You must have a minimum of 18 years of age, and also a checking account, regular income, a valid email, and a phone number. 

If you complete all of these requirements, then you’re eligible to apply for a loan from BadCreditLoans.

How to apply

Applying is done by filling out the online application form, which is pretty straightforward. First, you'll start by entering your birth date and the exact amount of money that you need. 

Then you need to enter your contact info so the lender can contact you if needed, employment info, banking info, and credit info, and you’re done. 

A lender who can work with you will send you his offer, and you don’t have to accept the offer if it’s not right for you. If you do accept it, you’ll do that with an e-signature, and you’ll get the money on your checking account.

If it happens that you can’t find a lender willing to lend you the needed amount of money at the moment, this platform will show you ads for similar services, still helping you to find a lender.

=> Click here to visit the official website of BadCreditLoans

Pros

• No hidden fees

• Transparent platform

• Easy application form

• Highly secured info

• Easily reachable customer support

Cons

• If you miss a payment, the penalty fees are a bit high

#3. RadCred - Well Known Direct Lender for Hardship Loans and Speedy Cash

When it comes to money unpredictability comes with it as a packaged deal. One can never know when there is a surprise need for money and they don’t have it. From emergency health expenses to accidental damage expenses to anything valuable commodity. 

RadCred offers borrowers a solution for these contents where they don’t have to wait for the next paycheck to take care of the problem. 

RadCred acts as a direct lender to make it easier for both the parties to make a decision for short term loans and can pay back the lender once they receive their monthly paycheck. 

Features:

• RadCred makes sure that the amount is reached to the borrower in the next 24-48 hrs after applying without any hassle. 

• If you apply on a working day you may even get the money on the same day as applied. 

• All the crucial information is encrypted and not disclosed to anyone. 

• Offers free service to the customers without any initial fees. 

=> Click here to visit the official website of RadCred

Pros: 

• Crucial data is encrypted 

• Provides leniency in repayment and can be rescheduled

• Easy and convenient process without being charged any initial fee. 

Cons: 

• The amount of loans is dependant on the lender 

Customer Reviews

The website has quite impressive reviews on their websites. Since it is a well established and reputed company this service provider is well trusted among customers.

#4. CashUSA: Trusted Financial Institution for Payday Loans for Bad Credit

CashUSA is another online lending platform similar to MoneyMutual and BadCreditLoans, that can instantly find a suitable lender for you thanks to the extensive network of lenders it has. 

This platform is considered one of the most trusted platforms in the USA for providing emergency personal loans to people with minimum credit score.

Its services are very fast, the cash you need you’ll get very quickly, and the transactions and everything you share using this platform are highly secured. 

The repayment is very easy, but you also have a right to choose, which means that you don’t even have to accept the received offer if you think it’s not good enough for you.

Highlights

• You can apply for a loan from $500 to $10,000.

• The funds will be on your account as fast as the next business day.

• The APRs might vary between 5.99% and 35.99% between 3 and 72 months.

• You can pay automatically and never miss making your payment by using the automatic payment option.

• CashUSA protects the clients’ personal info with the latest industry-standard encryption.

• CashUSA's website is rich with lots of educational articles about finances, banking, credits, and debts.

• The CashUSA customer support is always ready to answer all of your questions via phone call or email.

Eligibility requirements

CashUSA has set a couple of the most basic requirements that you must meet if you want to apply for a loan. 

It’s understandable that you must be of legal age, meaning that you must be at least 18 years old. Having a checking account in your name is a must because that’s where the money will be sent.

How to apply

After you’re sure that you have all of these things, fill out the simple application that you can easily find on the CashUSA website. 

The application is secure, so don’t worry about your data being misused. Also, it’s pretty simple, so it’ll take you a couple of minutes to finish it. 

What you’ll need to enter is your contact and employment info, as well as the credit and banking info. You can accept or reject the offer you’ll receive and start the process from the beginning.

=> Click here to visit the official website of CashUSA

Pros

• High-speed service

• Industry-standard encryption

• Basic requirements

• Quick funding

• Automatic payment

• Great customer support

Cons

• The rating from Better Business Bureau is low, but people are very satisfied with this platform

#5. PersonalLoans: Reputed Loan Company to Get Emergency Cash Advance

Last but not least, the online lending platform that’ll be reviewed in this article is the fantastic PersonalLoans. 

Known for the online lenders that borrow higher amounts of money, PersonalLoans always succeed in delivering spotless services. PersonalLoans has a lot of lenders in its network but also uses a third-party lenders network. 

Suppose there’s not a suitable lender in the PersonalLoans network. In that case, you’ll be redirected to the third-party non-lender lender networks, which increases the chances of you finding the best lender willing to work with you.

Highlights

• You can request a loan amount from $1,000 to $35,000.

• The minimum APR is 5.99%, and the maximum is 35.99%.

• The raiment period can be anywhere from 3 months to 72 months.

• The advanced data encryption technology keeps all of your personal info safe and secured.

• Absolutely free services without any hidden fees or upfront costs.

• You’ll receive the funds the next business day since you’ve accepted the offer.

• The friendly customer support is always happy to help you, and you get in touch with them via email or by calling them.

Eligibility requirements

PersonalLoans has established similar eligibility requirements for someone to be able to apply for a loan from this platform. 

Also, people who aren’t employed and don’t have a regular income can’t apply for a loan because they're not sure they will be able to repay it. Having a USA citizenship and a banking account is also a must.

How to apply

The first thing you must do is to enter the loan amount you want to borrow, so make sure that you’ve calculated how much exactly you need before starting filling out the application. 

The next thing will be setting up your account by providing your personal info and contact info. 

Then, you must enter the source of your income, as this is one of the eligibility criteria, then your banking info, such as the type of your bank account, and in the end, your credit info and your credit score.

You have no obligation to accept an offer that doesn’t suit your needs. You can always simply reject it and continue searching for a better-fitting one.

=> Click here to visit the official website of Personal Loans

Pros

• Advanced data encryption technology

• Simple applying form

• TRUSTe verified

• Secured platform

• Friendly customer support

Cons

• It’s harder to get a loan if you have a history of late payments

FAQs: Emergency Loans With Guaranteed Approval

Q1. What happens if I’m late or if I miss my payment?

Life goes by fast, and our schedules are full and busy, so it’s not strange for someone to forget to make the monthly payment. It’s also not unusual not to have the money for that payment at the moment. 

If this happens, the best thing you can do is to contact your lender immediately. Talk with him and try to find a solution that’ll be beneficial for both of you. Maybe you can arrange a new payment method that’ll be good for both parties.

If you know that you’re going to miss the next payment, do the same thing, get in touch with your lender. 

There’s a very high possibility that you can reach an agreement for your due date to be pushed forward and prolonged. The lenders are flexible, and most of them want to find a good solution.

Q2. How can I get emergency loans with bad credit?

Before starting anything, see if you’re eligible to apply for a loan. The criteria may vary from platform to platform. 

Still, usually, they’re the most basic ones, such as being of legal age, being a citizen or permanent resident of the USA, having a checking account, and getting a regular monthly income. After making sure that you have all of these things, you can move on to the application process.

To apply, you must fill out an application form, which is available on the lending platform's websites. The application form is pretty simple and takes 5 to 10 minutes to be fulfilled. 

Gather all of the necessary documents and info, if you don’t remember them, and start entering your personal, employment, banking, and contact info. The whole application process is fast. 

After that, you’ll get contacted by the lender willing to work with you, and you’ll get the loan within the next 24 hours in your account.

Q3. What decreases my credit score, and how to improve it?

Understanding what negatively affects your credit score can help you avoid those things. So, you must pay attention to the following things:

• Your missed payments

• Your late payments

• If you apply for a new credit cards

• You’ve purchased something expensive.

The best decision you can make is to improve your credit score, which doesn’t have to be complicated. You just need to pay a little bit more attention to the following things:

• You must pay your bills on time

• Try to avoid missing any kind of payments you might have

• If you’re not able to make a full payment, make at least the minimum payment

• Ask for a credit card that’s secured

• Keep your old credit cards open.

Q4. Why should I apply for an emergency loan online?

Applying for an emergency loan and doing that online is the fastest and surest way to get the needed money, especially if you have a bad credit score. 

The banks won’t approve you for a loan if your credit score is low, and even if they somehow do, that’ll take a lot of time. You must deal with boring paperwork, wasting your time driving to the bank, setting an appointment, etc.

But, when you use the online lending platform's services, nothing of these things exists. The application is made from your home, or whenever you are at the moment, your low and bad credit score doesn’t matter, and after accepting the offer, the money will be yours in the next 24 hours. 

The online platforms work using the newest and highest levels of security, so there’s no better way to get your emergency loans, especially if you have a bad credit score, than doing that online.

Q5. Who can’t apply for an emergency loan?

Every person who meets the platform's eligibility requirements can apply for a loan, but if you don’t meet them, even if it’s only one, you won’t be able to apply for a loan and use the platform's services. 

Requirements

So, the most important things for you to be able to apply for an emergency loan are:

• You must be of legal age and at least be 18 years old. Minor can’t register or apply for a loan.

• You must be a citizen of the USA, or at least you need to be a permanent resident in the USA.

• You must have a working phone number and an email address because that’s the only way that a lender will contact you if he needs to ask you some additional questions.

• You must be employed, or at least self-employed, in order to be able to get an emergency loan. The most important thing is to have a regular income.

• You must have a checking account in your name because that’s where the loan will be sent.

You must meet all of these conditions. Otherwise, you will not be able to apply for an emergency loan. 

As you can see, the status of the credit score isn’t mentioned anywhere, so don’t worry if yours is not so good. The purpose of these platforms is to help people with bad credit scores.

Q6. What are the credit score ranges?

You can determine if your credit score is bad or good based on the following measures:

• Excellent: if your credit score ranges between 800 and 850

• Very good: if your credit score ranges between 740 and 800

• Good: if your credit score ranges between 670 and 740

• Fair: if your credit score ranges between 580 and 670

• Bad: if your credit score ranges between 300 and 580.

Of course, if your credit score is excellent, getting a loan is a lot higher than if your credit score is bad. But, the existence of these online lending platforms denies that fact. 

That’s why so many people turn to online lending platform services because most of them don’t pay attention to the status of their credit score, while the banks do. 

So, it's easier to get a loan, especially an emergent one from these platforms, than from a bank. Even if your credit score is low, choose one of the platforms recommended above, and apply.

Conclusion: Fast Loans for Bad Credit

Now you know that getting a loan isn’t that hard, especially getting emergency loans with a bad credit score. Remember the platforms reviewed above, or simply bookmark this article. 

You’ll never know when you might need this info in your life, which can actually be life-saving.

The services of these online lending platforms are so fast and not based on the status of your credit score, so you’ll be able to fix all of your financial problems with just a few clicks of your mouse.

So, don’t waste your time and nerves going to banks, trying to get approved for a loan with your bad credit score, because the chances are almost non-existent that you’ll achieve that.