Guaranteed Installment Loans For Bad Credit In 2022

One of the most significant advantages of applying for an installment loan is that you can repay the money in scheduled monthly payments. Many of you may face a financial emergency with a poor credit score on the card. The situation worsens when you cannot find any willing lender to offer you a payday loan.

Many people are still confused about whether there is a minimum credit score needed for online personal loans. The answer is no; you do not need a reputable credit history to apply for an online installment loan. The lenders require only one guarantee or repayment: a reputable salary.

Online lenders can solve such situations with quick bad credit installment loans. Fortunately, multiple online lending platforms can get you loan approval. However, choosing the best platform for installment loans can be tiring if you do not know where to look for it.

You must trust a reputable brand. Otherwise, there are many hackers and potential online frauds. You can secure yourself from such threats by researching and finding the best reputable platform. Picking out one authentic company for an installment loan will take some time.

Thus, we have listed the best companies that offer bad credit installment loans to needy people. You can easily trust our list of suggestions, or you can also take help from the buying guide section.

Top Companies That Offer Installment Loans For Bad Credit  

  1. Money Mutual – Overall Best Loan Lender, Editors’ Top Choice
  2. Bad Credit Loans – Most Recommended Loans For Bad Credit
  3. Cash USA – Foremost Installment Loan Lender
  4. Personal Loans – Premium Loan Company With No Credit Check

#1. Money Mutual : Overall Best Loan Lender, Editors’ Top Choice

When it comes to providing a simple and quick installment loan, Money Mutual comes first. The company is transparent about its status that Money Mutual is not a direct lender. It is a platform that connects customers with potential lenders that offer guaranteed installment loans for bad credit.

Money Mutual is a mutual friend to people looking for a personal loan. When it comes to providing a simple and quick installment loan, Money Mutual comes first. The company is transparent about its status that Money Mutual is not a direct lender. It is a platform that connects customers with potential lenders that offer guaranteed installment loans for bad credit.

Money Mutual is a mutual friend to people looking for a personal loan. One of the most admired things about Money Mutual is the simplicity of the application process. You can easily apply for an online installment loan in three simple steps. In the first step, all you need to do is to provide a bunch of personal information.

After applying for a loan, you wait for a few minutes or hours till the lenders review your request. If the lenders approve your personal loan, they will make you an online offer in the third step. If you accept the offer, you will receive the loan amount directly into your bank account within twenty-four hours.

Just ensure that you read the loan agreement twice before accepting the offer. Many times lenders report to the credit bureaus if you delay a repayment. As a result, always accept those offers that have flexible repayment terms.


No limit on minimum credit score: One of the most admired features of Money Mutual is that they offer short-term loans even for bad credit scores. It offers great relief for people who do not have reputable credit scores on their cards.

Money Mutual offers them a specialized team of bad credit borrowers.

Trusted by millions of customers: The main thing that secured Money Mutual’s first spot on our list is their number of satisfied customers. More than two million people have used Money Mutual for a secured loan.

You can easily see the positive reviews on the official website or look at the reviews on other rating platforms. This massive number of positive feedback speaks for the professionalism and passion of payday lenders for customers.

Safe and secure platform: People want to apply on safe and secure platforms when it comes to online installment loans. It is essential because it is wise to trust reputable platforms that offer safe services. Money Mutual uses a 2048-BIT RSA encryption system to secure customers’ personal information.

Fast and quick transactions: Money Mutual benefits people dealing with financial emergencies. At Money Mutual, the company offers fast and quick transactions on all kinds of installment loans. You will receive money in your bank account the same day of applying. It is beneficial for people who require fast loans without a credit check.

Loan up to $5000: $5000 seems like an amount that can solve financial problems or put a pause on them for a while. Money Mutual, you can apply for up to a $5000 installment loan at a time.

Free Service: Where many online lending platforms charge a hefty sum fee for connecting you with online lenders, Money Mutual does no such thing. You can fill out the application form and apply for installment loans for bad credit without any hidden fee. On the contrary, Money Mutual charges their lenders to make you an offer.


  • You can quickly fill complaints against companies or lenders
  • More than two million people trust Money Mutual
  • The transactions are fast and secure
  • You will receive money in your bank account within twenty-four hours
  • Money Mutual does not require a minimum credit score limit
  • Secured loans for bad credit scores
  • Loan up to $5000
  • The three-step easy application process
  • Payback in easy monthly payments
  • A huge number of lenders are online all the time


  • Offer no loans to people from Connecticut and New York

=> Click here to visit the official website of MoneyMutual

#2. Bad Credit Loans: Most Recommended Loans For Bad Credit

Bad Credit Loans secured a prominent spot on our list because it helps people in dire need of money despite their credit history. Moreover, the lending platform connects people with the most passionate and generous lenders. Here at this platform, lenders offer installment loans up to $10,000.

You will not only get installment loans online, and the platform will keep all your data safe. Due to the strict security measures of the company, you could avoid unsecured loans and increase your credit score by repaying. As lenders report inconvenience in repaying to the major credit bureaus, Bad Credit Loans try its best to help customers understand APR.

Another distinctive feature of Bad Credit Loans is their extended network of lenders. An extended network helps people when they cannot find any suitable lender from the platform. Moreover, the platform puts no pressure on you to accept lenders’ offers. If you do not find any offers suitable to your interest, you can move forward to the next platform.


Free service: One of the main reasons why people trust Bad Credit Loans is because they offer a free service. The lending platform will not charge you a single penny for sending the application. Moreover, the company also provides additional credit repair services, monitoring, and debt relief services.

Best loans for bad credit: When people have a low credit score on their cards, finding a reputable lending platform becomes difficult. However, the lending platform provides services, especially for such people. You can even ask for a large land amount with a bad credit score.

Safe and secure platform: One of the prime concerns of people suffering from financial crises is to save themselves from further financial frauds. Some fake online lending platforms sell personal data to hackers or frauds. As a result, people can either lose loan amounts or experience theft in their active bank accounts. To avoid such mishaps, Bad Credit Loans use strong encryption technology.

Fast and quick service: The platforms understand the importance of time in financial emergencies. Thus, right after the approval of your application, the platform connects you with direct lenders that send you offers. After choosing the right offer, you will receive a same-day loan within twenty-four hours of applying.

Three easy step application: Another advantage of trusting Bad Credit Loans is that they offer an easy-to-apply procedure. All you need to do is follow a simple three-step method to apply for installment loans.

In the first step, you will fill out the application form with your personal and financial information. The second step will require you to overview the lender’s offers on your application. Finally, in the last step, you will receive the money into your bank account.


  • The easy and three-step application process
  • Loans up to $10,000
  • Best options for people with bad credit score
  • Fast transactions
  • Secure loan and encrypted website
  • Good credit history is not required
  • Offer credit repair, monitoring, and debt repair services
  • Extended network of lenders


  • Applying for a loan does not ensure that you will receive one
  • You must have an encouraging source of income

=> Click here to visit the official website of BadCreditLoans

#3. Cash USA: Foremost Installment Loan Lender

Cash USA is one of the most reputable lending platforms in the United States. People can easily rely on Cash USA due to its quick, same-day transactions. People can receive the loan amount into the bank account within twenty-four hours or the next business day. As a result, the lending company has served millions of needy customers.

The eligibility criteria for applying for a loan on Cash USA are quite simple. All you need is an active bank account, an email, and a valid phone number. Moreover, you have to be over eighteen, a citizen of the US, and earn more than $1000 after paying taxes.


Flexible interest rates: The only downfall of an online installment loan with a bad credit score is the higher interest rate or large origination fee. Lenders charge more than average to people who have a down credit score. However, Cash USA abides by all of its lenders to charge an APR within 5.99% to 35.99%.

Any lender can not exceed this range. Moreover, it is up to the bad credit lender to offer the range after seeing your financial credentials.

Network of lenders: People often could not find a reputable lender from one platform. Cash USA offers an extended network of lenders to expand customers’ retention time on the website.

Moreover, you can also take advantage of credit-report, debt relief, and credit monitoring. Repayment of loan term varies from three to seventy-two months.

Encryption-based protection: The only way you can save yourself from an unsecured personal loan is by trusting a reputable platform. Any trustworthy lending platform surely uses some protection measures to secure data, just like Cash USA uses encryption-based technology to save your information.

Educational center: Cash USA is a perfect place to look for personal loans with poor credit scores and get financial education. The platform offers an online education center to educate customers. It offers multiple credits, debit, banking, and finance articles. You can look up many useful discussions like buying a valentine’s gift on a budget or setting financial priorities.

Loan request up to $10,000: The company understands that sometimes people need large loan amounts to solve their issues. At Cash USA, you can ask for an installment loan of up to $10,000.


  • You can apply for a personal loan of up to $10,000
  • Same-day transactions
  • Encryption-based technology
  • Educational blogs and articles
  • Flexible APR
  • Extended network of lenders
  • Do not back check on credit history
  • The platform connects you with direct lenders


  • You must have a regular salary of more than $1000 in profit

=> Click here to visit the official website of CashUSA

#4. Personal Loans: Premium Loan Company With No Credit Check

Personal Loans is one of the most reputable online lending platforms. The company is transparent about its status and clearly mentions that they are not the lender. However, the platform connects you with direct lenders that can make you potential personal loan offers.

Personal Loans is also famous for offering loans for multiple reasons. You can benefit from debt consolidation loans, home improvement, payday loans, tax loans, emergency loans, and fast cash loans. Moreover, Personal Loans also cover mortgages, vacation, education, and auto loans.

Apart from this, the customers love Personal Loans’ services and repeatedly admire its offering. What people like the most about this platform is the free service. You do not have to pay any money to apply for payday loans.


Loans up to $35,000: $1000 or $5000 can not solve all financial problems. Sometimes, people require larger amounts to resolve their issues. Thus, Personal Loans provide installment loan lenders that can offer up to $35,000. You do not have to show a reputable credit score. However, the lenders do require a sufficient earning source.

Extended network: Personal Loans have an extended network of third-party lenders. It is helpful if you do not find any offer suitable for your repayment terms. An extended network offers an opportunity for you to find a suitable lender in less time.

Safe and secure platform: One of the most admired features of Personal Loans is their safe and secure website. Just like all other platforms on our list uses encryption-based technology, Personal Loans also does it. The information you will put in the online application form will stay secure.

Variable APR: Lenders can not charge you more than a 35.99% interest rate on Personal Loans. The platform allows all its customers to make offers in the APR range of 5.99% to 35.99%. The annual interest rates totally depend on the will of the lender. However, when you guarantee a lender that you can repay the loan on time, you can get a low APR offer.


  • Big loans up to $35,000
  • Lenders do only a soft credit check
  • Safe and secured loan
  • A perfect platform to meet bad credit direct lenders
  • Fast and same-day installment loans
  • Customer support
  • Free service
  • The annual percentage range varies between
  • You can repay the loan within three months to seventy-two months


  • Personal Installment loans require more than $2000 monthly income

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

#5. BillsHappen: Premium Loan Company With No Credit Check

Bills Happen has been working for the past few years to provide quick, and no credit check loans. You can apply for a quick cash loan with any credit score. Although lenders run a soft credit check on your profile, they require a reputable source of income as a guarantee.

Once you convince lenders that you can abide by the repayment terms they set, there are chances you will get the loan. However, only applying for a loan does not ensure that you will receive the loan. It is not your credit score or credit history that will predict loan approval. You need to convince the lender that you can repay the loan on the repayment term.


Hassle-free quick loans: The main aim of Bills Happen is to offer a quick and hassle-free installment loan to people in financial emergencies. You can easily apply for the loan in easy steps. Moreover, your one application will fetch you, multiple potential lenders.

Safe and secure: When it comes to financing, you should trust platforms that secure personal information. Such as, Bills Happen uses a 2048-BIT-RSA encryption process to prevent possible threats. You can stay care-free regarding your financial and personal information.

Free service: Where multiple lending platforms charge a hidden fee, Bills Happen charges nothing. Moreover, the lenders at BillsHappen also do not charge origination fees. You can apply for a quick and secure loan without any charge.

What will you need: Where other lending platforms hide eligibility criteria until you actually apply for a loan, it takes time to fill the request. However, Bills Happen respects your time and has listed the things you will require. For example, completing an online loan form will require a driver’s license, SSN, cell phone number, home address, bank account, and credit score.

Bills Happen does not require a reputable credit score, but you must be above eighteen to apply for the loan.

Easy request process: As Bills Happen has already mentioned everything they require to fill out the loan application, it will require only two minutes. Moreover, the loan approval is only a two-step method in which you apply for a loan first and receive the loan amount in the second.


  • Quick phone customer support
  • You can receive quick loans as fast as tomorrow
  • Easiest application process
  • Safe and secure platform
  • Free service
  • AES256 bit encryption
  • Multiple offers from online lenders
  • Hassle-free and quick loans
  • The loan amount varies from $500-$5000
  • Published on CNN, FoxNews, and MSNBC


  • Requires a lot of personal information

How We Made The List Of Best Platforms For Guaranteed Installment Loans For Bad Credit? 

Before finalizing any list of bad credit installment loans, we ensure that you receive full secured loans. Thus, we chose some characteristic features as our selection criteria. We searched for the following features in all lending platforms we came across before finalizing the list.

It is essential that we carefully choose installment loan lenders so you can avoid any future trouble. You can look at the features that protect you from an unsecured loan.

What We Looked For? 

  • Fast Transactions: We are aware that quick loan amounts can solve financial emergencies. If you receive a loan amount after the payment deadline, it will offer you no use. As a result, we looked for those companies that ensure a quick loan approval.

All lending platforms offer installment loans within twenty-four hours of applying. It benefits customers who want quick money to pay their auto loans,  medical bills, or other emergencies.

  • Reputable Platforms: Another essential feature we looked for in thousands of online lenders was the company’s reputable background for the sake of your safety and excellent experience. We prioritize companies that were not involved in any fraud and trickery.

Moreover, to check the reputable history, we also looked at the customer reviews. If most people praised a platform on more than one platform, we preferred it over others. On the other hand, we excluded those lending platforms that were involved in some kind of fraud.

  • Secure Payday Loans: You might have received an email or phone call that a company has approved your loan request. You often receive such calls because you trust a fraudulent online lending platform. Such platforms have no security measures on their website, and hackers can quickly look into your data.

As a result, we prefer those platforms that admit they use encryption-based security measures to protect their customer’s data. It is essential as it can save you from possible fraud. Applying for a personal installment loan on these platforms will receive secure and guaranteed loans.

  • Customer’s Trust: Another crucial feature we looked for was positive feedback from authentic customers. We could not test each brand online, so we trusted what people said about lending platforms. If many said they are satisfied with the company’s service, we prefer it over other companies with less positive feedback.

Moreover, we checked official websites and other rating platforms when we looked for customer reviews on online loans. If people on both sites were satisfied with the company service for bad credit installment loans, we secured a spot for the company.

  • Flexible Interest Rates: One of the major disadvantages of an installment loan is high-interest rates. Although lenders offer online loans to people with bad credit scores, they mostly demand to make offers with high APR. Receiving bad credit personal loans for bad credit becomes difficult under such conditions.

As a result, when we compiled this list, we looked for platforms that do not have fixed interest rates. All lending platforms on our list offer a flexible range of APR. Although lenders have the right to make you an offer, they show leniency if you have a steady source of income.

  • Hidden Charges: Many payday loan lending platforms secretly charge you a hefty amount when applying for installment loans. As these companies do not mention their fee directly on the website, people get an unpleasant shock when they see a reduction in their money.

To save you from such frauds, we only selected the platforms that charge no hidden fee. Moreover, the platforms on our list are transparent in that they charge lenders for offering payday loans or bad credit installment loans.

  • Loan Request For Multiple Reasons: We understand that you can need online installment loans for multiple reasons, and one person might require an online loan for a student fee and another for an auto loan. We also know that many online lending platforms prefer mortgage loans over educational ones or do not approve travel loans.

As a result, when we compiled this list, we made sure to see that our suggested companies offer all kinds of loans. You will find a guaranteed installment loan for nearly all reasons by applying on one of mentioned platforms.

Buying Guide For Online Installment Loans

If you want to look at online lenders for installment loans, you must know that choosing the right platform among a pool of options is not easy. However, things can get disciplined if you know where to look or what to look for.

To make things easier, we have compiled a list of characteristic features. Whenever you come across any lending platform offering installment loans, see if they have the following characteristics or not.

  • Brand History 

The first thing you need to see before trusting any random brand for your installment loan is to check brand history. Move towards the next option if you see any involvement with illegal acts.

Moreover, you can also take help from customer feedback to establish a brand reputation. If people do not admire a lending platform, switch to the next one.

  • Double-check Repayment Terms

One of the most important things to look at before signing a contract is double-checking the repayment terms. As repayment can increase and lower your credit score, you should take it seriously. Many lenders complain to the major credit bureaus when customers do not repay the loan.

A complaint to the credit bureaus can result in a decrease in your credit score.

Thus, we recommend you choose offers that have flexible monthly payments.

  • Customer Reviews 

The best way to guess the honesty of an online installment loan service is to check customer reviews. You can trust if you see that people praise a platform and are satisfied with its service.

However, when most comments or reviews are negative, you should consider moving on. Moreover, check other social media platforms for reviews apart from the official website.

  • Fast And Same-day Loans 

If you require an emergency installment loan, you should look for fast and same-day lending platforms. Late cash loans will do you no good in case of an emergency crisis. Thus, when comparing lending platforms, see which one can offer a quick loan.

  • Secure Website 

When looking for the best online installment loans, you need to see if the official website is secure or not. You must trust a reputable lender to save yourself from possible fraud.

Check for a safe and secure label or encryption technology sign on the official website of the lending platform. You can easily fill out the online application form if you find the sign. However, if the company does not claim to save customers’ data, move to the next option.

  • Hidden Charges 

Unfortunately, many companies charge an extra hidden fee. As you were unaware, sudden charges can cause further problems. Thus, we recommend choosing platforms that do not charge origination fees. To confirm that the platform charge no hidden fee, look at the section “why us” or “about us.”

  • Nature Of The Lending Platform 

Before confirming a lending platform for online installment loans, you should check the company’s nature. Make sure if the company itself will lend you an installment or personal loan or will connect you with online lenders. We recommend preferring companies that connect you with lenders. It is beneficial because you can see multiple responses offered on a single application.

FAQs Related To Installment Loans For Bad Credit

  1. What Is The Interest Rate On Bad Credit Installment Loans? 

There is no definite answer for an exact APR of installment loans for bad credit. However, most companies have a range of allowed interest rates that lenders could not exceed. Most of the time, the range of interest rates varies from 5.99% to 35.99%.

It depends on your application and lenders to set any desired interest rate on the offer. If you can show a reputable earning source, the lender might show lenience in the offer. However, if you do not have a trustworthy salary, lenders will take you as an opportunity to charge different interest rates.

Thus, you must compare multiple offers or apply for an installment loan on various platforms. After seeing all of your available options, you can choose the one with the lowest APR and agreeable monthly payments to repay the loan.

  1. What Should I Consider Before Applying For A Personal Loan? 

There are two main things you must consider before applying for online loans. Can you repay the loan on time, and do you really need the loan? You should have a workable schedule to repay monthly payments on time. Otherwise, lenders can report to credit bureaus.

Any report to the major credit bureaus can further lower your credit score. Thus, if you think you can easily repay the loan, go for it. However, if repaying seems hard on your salary, you can ask friends and family for cash loans.

The next thing you need to consider is to see if you need the loan. A loan for a broken coffee machine seems like a valid reason. However, wanting a loan for luxuries can result in application rejection. Lenders easily offer loans to people who can regenerate the money with the help of the loan amounts.

  1. What Are The Requirements For Applying For An Online Loan?

Most companies demand a real name, phone number, email contact, social security number, and bank details in the online application. A good credit score can help you receive a loan faster but is not necessary. Apart from this, you must be eighteen years old and have a reputable earning source.

Some of the requirements may vary from company to company. You can check the list of desired documents before sitting down to send the request. It will save time, and you can receive a loan sooner.

  1. Why Did I Not Receive Any Response To My Loan Application? 

You must know that applying for a loan does not ensure that you will receive the loan. If you do not see any response from the lending platform, you can think of multiple reasons.

For instance, you can be below eighteen and do not have a bank account or not enough balance in the savings account. Apart from these, you might not be earning enough monthly salary to qualify for short-term loans.

You can wait for a few hours to see a response. However, if you get none, move to the next brand and carefully fill out the form. Remember that you must have all the necessary and authentic documents when applying for the loan.

Conclusion: Bad Credit Installment Loans Are Easy To Acquire? 

Applying for an online installment loan is quite easy in today’s world. Multiple online lending platforms offer a variety of personal, installment, and payday loans with poor credit scores. Whether you need to pay existing debt or your student loan, you can apply for the loan from any payday lender.

Good credit history is no more a guarantee of loan payback. However, you must have a reputable earning source to convince lenders to make offers. Once you accept the offer, you will receive the money on the same or next business day.

However, the only issue with online lending platforms is finding the best one among all. You do not want to get large loan amounts from fraudulent companies and end up in even more misery.

Thus, you can take help from our list of suggestions. However, if you want to continue your research, you can take help from the buying guide. Let us know if the article was of any use to you.

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