Best Loans & Credit Cards Up To 400 Credit Score In 2022


Does a bad credit score hinder you from receiving a payday loan? It shouldn’t. Some personal loan lenders can solve your financial needs with loans.

Whether you want a car loan or cash advance to sustain your lifestyle until the next payday, we have some of the best loans for 400 credit scores. Can you imagine getting a loan when you don’t meet the FICO minimum credit score?

People with bad credit often struggle to get approval for their loan applications from traditional financial institutions. As a result, they search for multiple lenders online that wouldn’t mind their credit history.

Even when they find such lenders, there is usually an additional fee. Sometimes, they must deposit some funds from their credit cards as security. That is because some borrowers may be delinquent when they get loans.

Besides, most people with 400 credit scores may have late payments, foreclosed loans, repeated missed payments, and bankruptcy issues.

All of that makes it almost impossible to build a credit score. However, building your credit score is worthwhile if you want a clean credit history in the future. Now more than ever, it’s imperative to find a lending platform that can help you secure a loan and help you build your credit score.

We have listed some of the best brands that can offer you a personal loan or a payday loan without considering your poor credit score. They can also cover your FHA and auto loans and help you build your credit score. There’s also a list of factors to consider when you want to borrow money.

Top 5 Loans Options for 400 to 450 Credit Score

  1. MoneyMutual: Overall Best Loan For Bad Credit With Top Interest Rates
  2. Bad Credit Loans: Top Bad Credit Loan Lenders for Installment Loans
  3. CashUSA: Best Loan Company for Debt Consolidation and Advance Cash

1. MoneyMutual: Overall Best Loan With Bad Credit With Best Interest Rates

People with bankruptcy discharges and low credit score reports find it challenging to request loans from traditional loan providers.

However, you don’t have to wait until you have boosted your history with a credit card issuer to apply for a short-term loan.

With a platform like MoneyMutual, you can receive funds even with a low credit score.

MoneyMutual acts as an intermediary between lenders and borrowers to ensure that they compare the best interest rates. The platform can help you secure low credit score loans between $100 to $5,000.

Meanwhile, the repayment period can extend to six months, making it a flexible network that offers short-term loans to borrowers.

In addition, you may have to pay full repayment on a specific due date or monthly payments. The lender determines how you must repay your loan.

However, if you cannot pay back the borrowed amount, finance charges, and the full principal, then use a credit card or installment loan to avoid finance charges and high late fees.

MoneyMutual employs industry-standard encryption to protect customers’ information. It is registered with the Online Lenders Alliance (OLA) for effective lending services.


Informative Platform: People who cannot meet the minimum credit score when applying for loans can learn about the easiest ways to survive the situation.

MoneyMutual has a user-friendly website with enough information to help these customers. Aside from this, customers can use the different instructional tools to perfect their investing and spending skills.

Secure and Encrypted Platform: MoneyMutual uses Norton’s 256-bit encryption to keep information on its platform safe.

Hence, customers don’t suffer information hacks or leak their financial details to third parties.

Annual Percentage Rate (APR): Most people with low credit scores don’t rush to accept loans from online loan providers because of the annual percentage rate.

However, MoneyMutual ensures that its lenders have competitive APRs and interest rates. Also, the lenders do not have hidden charges.

APR and interest rates may depend on the loan amount, borrower’s credit history, or loan provider.

Transparency: MoneyMutual offers you a transparent deal with enough information on its FAQs, concepts, and user reviews.


  • Flexible eligibility criteria
  • Simple interface
  • Educational resources
  • Fast approval
  • Trusted and secure


  • Short-term loan limit at $5,000
  • Not available in New York or Connecticut

⇒ Visit the Official Website of MoneyMutual

2. BadCreditLoans: Top Bad Credit Loan Lenders for Installment Loans

BadCreditLoans is a marketplace offering loans to borrowers with low FICO score reports. Whether you want $500 or $5000, this online loan platform provides lenders who can help you.

Nevertheless, the platform is an indirect lender but offers loan-comparison support that links borrowers to numerous loan providers. You can take advantage of BadCreditLoans’ free credit score to build, track, or understand your credit.

The platform provides alternative funding for people with poor credit scores. If you have a credit score of 400, you won’t struggle to get a lender that can give you a loan within a short time from this network.

Hundreds of positive reviews about the platform shows you can get quick approval for an emergency fund. So, it is an excellent alternative to applying for loans at traditional loan providers.

Moreover, you don’t go to these lenders, they come to you when you fill out a loan application on this platform.

Although the platform offers efficient and fast services, they still operate free when using their lending services.

In addition, if you have existing debt, BadCreditLoans has robust loan comparison shopping features for you.

You can shop for car loans, student loans, credit cards, and more with this platform. Customers don’t have to worry about the minimum credit score requirements when applying for loans on this platform.

Lastly, while some loan providers may request secured credit cards from borrowers, BadCreditLoans makes loan approval easy.


APR and Interest rates: BadCreditLoans has favorable APR and interest rates. As a result, you can get as low as a 6% interest rate for your funds. However, some lenders can offer you up to 36% based on unsecured loans.

Transparency: When it comes to personal installment loans, BadCreditLoans is transparent in dealing with customers and its network of lenders. So, you can find terms and conditions, interest rates, and other information on its official website.

Quick Deposit: If you need an unsecured personal loan, BadCreditLoans can give you a direct deposit in your bank account within 24 hours.

It does not matter if you have poor credit scores or not, you can apply and get a loan from the platform if you meet the requirements.

Excellent Customer Service: BadCreditLoans has an outstanding customer support team. They ensure you have the best service by answering all your questions about the platform. They can also provide you with all the information you need for all loan types, including personal installment loans. The team is available 24/7 for support and provides solutions in a short time.

No origination fee: Many traditional loan providers require an origination fee when providing you with loans. However, BadCreditLoans has no origination fee, even if you have a very poor credit score.


  • No collateral needed
  • No application fee
  • Personal loans for poor credit scores
  • Competitive interest rates and APR
  • Informative platform


  • Very poor credit scores affect the loan amount

⇒ Visit the Official Website of BadCreditLoans

3. CashUSA: Best Loan Company for Debt Consolidation and Advance Cash

CashUSA helps borrowers with poor credit  scores connect with lenders that can offer them short-term loans.

Imagine a credit card issuer offering you a low-interest rate for your debt consolidation. CashUSA allows customers to have flexible loan repayment with its numerous lenders.

While the platform may not work directly to provide customers with loans, it ensures that its lenders provide you between 5.99% and 35.99% in their ARP.

Some of its loans can have a repayment period of six years, while some lenders allow fixed monthly payments of 90 days.

Do you need a credit score loan? With CashUSA, you can get loan approval with poor credit scores.

The platform is one of the respected loan providers in the United States. If you have a steady salary, you can get approved for loans ranging from $500 to $10,000.

Meanwhile, you need to fill out a form that states the exact loan amount you want and why you need the loan.

In addition, you need to provide details like your bank account, SSN, date of birth, etc., before you can get approval.


Simple Process: With CashUSA, you don’t have to struggle to understand how the platform works because of its simplified website.

Therefore, you fill out your loan form application within minutes and submit it for review. You will get approvals within 24 hours if you meet the requirements and sign the terms.

Educational Resources: The official website has educational resources to help educate customers about personal finance, debt relief, auto loans, secured loans, credit checks, etc.

You can check the FAQs section for customers’ most commonly asked questions.

Flexibility: The repayment plans from different lenders are flexible to help people apply for loans with very poor credit scores.

Hence, you can repay your loan with ease. You can either use the manual process online or via an auto-payment plan to return your loan as when due.

However, you need to check your personal finance to know the right repayment option.


  • Simple eligibility criteria
  • Reliable and secure
  • Educational resources
  • Easy registration
  • Easy to use website


  • You must have a steady salary of $1000

⇒ Visit the Official Website of CashUSA

4. CreditLoan: Online Payday Lenders for Low Credit Score Customers

CreditLoan started its lending platform in 1988. Over the years, it has helped customers with personal finance and loan support.

Whether you want to learn about FHA loans, bad or fair credit, loan payments, or unsecured personal loans, CreditLoan has a rich educational platform to support you.

With its personal loan calculator, borrowers can compare their interest rates or credit card debt, which gives them ideas of what to expect from a lender.

Meanwhile, it can take you at least 20 minutes to fill out the registration form for your loan application. Nevertheless, borrowers can counter-check their bank accounts and personal information before submitting their applications with its Quick Preview feature.

However, you must be a United States citizen with a minimum income of $600 and have an active checking account.

Unfortunately, you may not call the platform with a direct line but communicate with them via email. The platform has a FAQ section to help you learn about its policies.


Free Sign-in: You don’t have to pay for your sign-up with the platform, especially if you have a low credit score. After you fill out and submit your loan application form, the network of lenders on the platform doesn’t charge you extra fees.

Dedicated Lenders: While CreditLoan has no control over its lender’s activities, it offers strict measures to safeguard borrowers from fraudulent activities.

Excellent Customer Support: The platform has a professional and responsive customer care unit that ensures customers have their inquiries met. In addition, the platform uses numerous communication channels to keep customers satisfied.

Transparency: A big draw about CreditLoan is its transparent dealings with customers. You don’t spend time figuring out policies or rates to expect from lenders. Furthermore, they recommend that you review the loan terms of lenders.


  • Informative website
  • Loan limited to $40,000
  • Numerous loan options
  • Reviews credit union, lender, and bank
  • Free sign-up fee


  • Large loans have restrictions

⇒ Visit the Official Website of CreditLoan

5. PREMIER Bankcard® Mastercard® Credit Card: Loan Lenders With Low Interest Rates 

Even if you have a very poor credit rating, you can qualify for this platform’s loan approval. While some credit card firms give preferential treatment to customers with retail store cards, secured loans history, secured credit cards, or fair credit score ratings, few firms accept people with 400 credit scores.

With PREMIER Bankcard® Mastercard® Credit Card, your FICO score cannot prevent you from receiving loans from this platform.

Since FICO scores determine the creditworthiness of borrowers, the PREMIER Bankcard® product looks past your credit history. Moreover, they help customers build their FICO scores over time.

How does this platform work? You need to open an account with them and pledge not to exceed your credit limit. Thus, people who don’t respect this rule have their transactions declined.

Interestingly, customers decide the type of card design they need without charges. However, you should review their loan terms before you apply.


Security: Cardholders enjoy Mastercard ID Theft Protection, which works as an alert and identity theft monitoring feature. As a result, they receive notifications when suspicious activities happen on their cards.

Accessibility: Customers with poor credit ratings or no credit history can use the card without difficulty. If you cannot get a traditional card because of its loan terms, you can use this platform for your Mastercard.

Accepted Worldwide: You can use the card in any part of the world. However, you may have to buy transaction fees when you use it in other countries outside the United States of America.

Free FICO rating: Customers enjoy free FICO scores that improve their credit ratings monthly.


  • Secure and trusted
  • Accepted in every location
  • Free FICO Score


  • High rates

⇒ Visit the Official Website of PREMIER Bankcard

How We Made the List of Loans for Poor Credit

We know that financial emergencies can be discomforting and leave you needy and vulnerable.

For instance, if you find yourself in a medical challenge requiring urgent funding, seeking payday loans from traditional credit bureaus may leave you stranded.

You can use online payday loans to solve such problems. However, you need a reliable and trusted platform for such financial support.

Do you know how to select such a financial platform? Before making our list, we considered customer services, user reviews, service speed, and reasonable practices.

What We Considered

  • Extra fees and penalties: A financial institution has specific terms and conditions for giving out a personal loan to customers. Therefore, we checked these policies and picked personal loan lenders with lenient offers.

Our favorite best loan networks have flexible origination fees, monthly payments, and penalty fees for customers with bad credit scores.

An origination fee is subtracted from the loan when customers receive personal loans as a processing fee.

In addition, we reviewed what happens when a customer misses a repayment deadline.

  • Terms and conditions: In terms of a monthly payment, credit unions have similar terms and conditions based on the credit history of a customer. We looked at these conditions required before customers with bad credit scores can receive a personal loan.

We also reviewed interest rates, loan restrictions, minimum credit score requirement, APR, repayment options, and the loan amount.

These factors determine how a borrower must repay an auto loan, home equity loan, personal loan, title loan, etc.

Whether you want to use a bank or credit union, you should read their terms and conditions, especially if you need bad credit loans.

  • Eligibility Criteria: Aside from the minimum credit score required to qualify for loan approvals, a bank or credit union can have some stringent criteria for people with poor credit reports.

However, we considered brands with the essential eligibility criteria — for instance, borrower age, employment, and U.S citizenship.

We also didn’t select platforms that need borrowers to provide cosigners as guarantors.

  • Repayment methods: We know how challenging interest rates could leave people seeking bad credit loans.

Imagine trying to get an auto loan from a platform, and you receive very high-interest rates that can leave you in a worse financial situation.

Therefore, the repayment method and period matter when you want to get a loan.

We checked the ease of repaying loans and highlighted platforms with commonly used options like paying with checking accounts, mailing checks, or payment with apps.

The time it takes to repay your loan should be convenient for you. Therefore, we checked the repayment duration of each platform we considered.

  • Ease of application: No borrower wants to spend time with an online loan application. Hence, we eliminated platforms with lengthy loan application processes. The basic information required for loan approval includes name, age, sex, location, and loan amount.
  • Personal loans: Most online platforms offer personal loans to help people meet their financial needs. A personal loan allows a borrower to receive more money for immediate needs like auto loans.

You can repay such a secured loan for months or years with interest rates based on your credit report.

Also, you can use a personal loan for debt consolidation, especially on your credit card. You can repay the loan through a monthly payment option.

  • Interest Rate: Having high-interest rates can further affect your credit score. In some cases, people may borrow even more to service interest rates. We compared these platforms repayment terms and interest and only included those with low-interest rates.

How To Choose A Lender To Get Personal Loans With 400 Credit Score?

  • Customer Experience

Since customers use the loan service providers remotely, the customer care unit should offer professional services to them.

How do you check the effectiveness of a platform’s customer service? You should read different user reviews online to learn more about a loan network.

  • Interest Rate

People with bad credit scores want to find ways to improve their ratings. As a result, they consider how much they have to pay for any loan they collect. Hence, you should read the loan terms before signing for a loan.

Meanwhile, you should know that the interest rate offered to you depends on the loan amount you want and your credit history.

  • Eligibility 

Before you apply for any loan, you should consider the approval criteria. The first thing to check is your eligibility and whether people outside the United States can apply for such a loan. As a result, most platforms only accept American citizens with a steady income and bank accounts.

Since you have a 400 FICO score, you should check if the platform can accept your loan application.

  • Terms and Conditions 

You should read lenders’ terms and conditions before taking a loan to avoid unnecessary financial challenges in the future.

You don’t want to further destroy your credit scores with a bad interest rate. Thus, we recommend searching for the ideal platform to help you with favorable loans.

  • Security & Privacy

When it comes to loan applications, you must not neglect the security of a platform. Therefore, you should ensure that the lenders have a secure platform to protect your interest.

  • Transparency

Do not use a lending network that has little information online. Hence, you should read customer reviews to learn about their services.

If you must use a new lending credit union for your loan application, ensure that you do a background check on them for transparency.

  • Additional Charges & Penalties 

Some of the essential features to consider when selecting a lender platform include extra fees and penalties.

Read the terms and conditions to learn about what happens when you have a bounced check, insufficient funds, or pay late.

FAQs About Loan Options With 400 Credit Score

Q1. What is my status with a 400 FICO score?

With a 400 credit score, many traditional lenders may not approve loans because the score is low. Therefore, you should find a lender that can accept such a score for loan approval.

Q2. How much can I receive with my poor credit rating?

While we have many online lenders that can offer you thousands of dollars with your bad credit rate, you may have to pay more rates for such loans.

Hence, you have to consider what your credit scores are covered by lender offers. For example, you may receive a smaller loan because of your credit score.

Q3. What if I don’t want an interest loan with my bad credit?

People who don’t want an interest-based emergency loan may have to consider two things. They can borrow money from relatives or friends or sell off some of their properties for cash.

Q4. Why are online loan platforms better than traditional lenders?

With an online lender, you can apply for loans from different lenders without stepping out of your home. In addition, you don’t have to answer unending financial questions and fill lengthy paperwork.

Furthermore, you can compare the rates and pick the most favorable for your emergency loan application. Lastly, you can improve your low credit score with an online lender over time.

Q5. What online loan platform should I use? 

The lending platform you picked depends on the loan amount, interest rate, and flexibility of terms and conditions.

Since you have a bad credit score, you can consider some of the listed platforms in this article for your loan application.

Q6. What type of loan can I quickly receive with my poor credit?

You can get approval for a personal loan faster than most loans, especially with your bad credit. Meanwhile, many personal loans come unsecured, making them attractive to customers.

Unsecured loans mean that borrowers don’t need collateral to get an approved loan from these online lenders.

Nevertheless, you have to pay very high-interest rates because of your bad credit score. Most lenders do a credit check before they can offer you short-term loans.

Q7. Can I get guaranteed approval for my bad credit?

Only fraudulent lenders can promise you guaranteed loan approval. Even borrowers with excellent credit often get a rejection by lenders. However, you can take advantage of the online lenders for a better chance of approval with your bad credit.

Q8. What credit score do I require to apply for a car loan?

Many people use auto credit express for their auto loans in the United States. Nevertheless, if you have a 400 credit score, you can receive a loan for your new car.

While a conventional lender can offer a secured loan to a borrower with bad credit, you can use some of our favorite listed lenders for such funding.

Q9. How can I review my loan credit score?

You can only use a credit check if you have borrowed money from lending platforms before. When you receive a loan, you earn a credit rating based on how you repaid the money.

However, people who have never collected loans do not have credit scores.

Q10. What can I do to boost my credit rating?

The easiest method of improving your credit rating is to ensure that your repayments and prepayments happen on time. In addition, you should pay off your short-term loans.

Can You Get A Loan With A Credit Score Of 400? – Final Thoughts

A bad credit rating should not stop you from receiving an emergency loan if you know the platform. The procedure of applying for a bad credit loan is simple to follow. Whether you want to give online lenders a try or have used their services, you wouldn’t have a problem applying for a loan.

Additionally, these websites offer you the opportunity to compare services, terms and conditions, and rates from numerous loan providers.

Moreover, you can find informative blogs that can help you learn about using online lenders. You can quickly decide on the platform for your loan application with user reviews.

Finally, if you want to apply for the best loans for a 400 credit score, you can consider some of our listed platforms.

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