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There are many Americans all across our great country with bad credit scores. Is there another way for them to get money quickly when they need it? Will lenders still grant them a personal loan even though they have a bad credit score? Or are there specific bad credit loans that they need to apply for in order to be guaranteed approval?

Simply put, if you have a bad credit score, it is difficult for you to get a personal loan. If this is your case, there is no need to worry. There are definitely other ways for you to get that bad credit loan.

In this in depth review on bad credit loans, we are going to talk about the leading online portal in America for bad credit loans . This company is invaluable for those who opted to get bad credit loans.

See Below our Elite List For Best Bad Credit Loans With Guaranteed Approval Online

Money Mutual – The Best Bad Credit Loans With Guaranteed Approval Online

#1. MoneyMutual:

Money Mutual – The Best Bad Credit Loans With Guaranteed Approval Online

MoneyMutual is an outstanding company. The award winning and well known daytime talk show host Montel Williams has been a spokesperson for MoneyMutual for years. Someone of his fame is a perfect choice as the ‘frontman’ for MoneyMutual.

This company is an excellent choice if you decide to acquire a bad credit loan. MoneyMutual’s team works tirelessly to ensure that consumers receive their loans in less than 24 hours. Thanks to this feature, MoneyMutual is convenient because you can pay for your bills as soon as they occur.

In order to be considered for the bad credit loan, you must fill out a few online forms to apply for a short-term loan. These forms will take no more than five minutes to complete because they are simple and require basic information. Highest loan amount is $5000. Sometimes, depending on your situation you can get more.

Charges for the interest rates are dependent on the loan amount. So be sure to request for the loan amount that you need. Because of the services provided by MoneyMutual, you will not be required to stand in long lines or hide your identity in public. You may now apply for loans and receive them from the comfort of your own home, thanks to the internet.

With an internet, laptop and smartphone, getting an emergency loan will be no problem. MoneyMutual truly makes bad credit loans highly accessible.

MoneyMutual’s interest rates are determined by the loan amount, your financial status, and the period you have to return the loan. But, different loan conditions apply. So double check your loan terms and conditions before deciding to continue.

Items of Value to Consider About Bad Credit Loans

  • It is quite Simply to Get a Loan

MoneyMutual will no doubt get you to your lender immediately. Furthermore, the customer can apply for a loan straight away and pay a low origination charge because of the simple application process.

  • Are you Qualified to Apply for a Bad Credit Loan?

You must adhere to the eligibility requirements to get the emergency loan. MoneyMutual requires that you be at least 18 years old, a US citizen, earn at least $800 a month and have a bank checking account. A bounced check or any other credit issues will not be a problem for MoneyMutual. They will assist you in obtaining your short-term loan.


  • Very simple application

  • Monthly payments are easy to make

  • MoneyMutual respects it’s customer’s privacy

  • You can borrow up to $5000

  • 24 hour approvals


  • MoneyMutual is not allowed to operate in some US states

The Complete Customer Service Experience

MoneyMutual has heaps of clients 100% satisfied. They are a company that constantly goes above and beyond to deliver excellent customer experiences.

Applying for a bad credit loan with MoneyMutual is similar to opening an account. It is very easy. The company is also dedicated to giving the most satisfactory interest rates on the market to its consumers with bad credit.

=> Click here to visit the official website of MoneyMutual

Money Mutual


Interest Rates For Bad Credit Loans

Just because an interest rate is low does not mean that the loan has good terms and conditions. Most borrowers are convinced that low interest rates on bad credit loans are great. This is not always the case.

Other lenders provide mixed-interest rates loans. Make sure you understand whether the loan is offered at a fixed interest rate or on a declining balance basis. Loans with a fixed interest rate are often offered at significantly cheaper interest rates. However, there is no guarantee that you will pay less.

Review the Overall Cost Of A Bad Credit Loan

There are other fees aside from the interest rate fees that are applied on a bad credit loan. Please see below additional fees for bad credit loans:

  • The Processing Fee

It is often that lenders will add on a charge that is 1 to 2 percent of the loan amount. These fees are added on top of your loan amount. It is best to get a low processing fee.

  • The Prepayment Fee

Check with your lender if there is an opportunity to prepay your bad credit loan . There are also instances that your lender will not require you to prepay your loan. Doing a pre-payment ultimately is beneficial to you as it can lower your overall interest cost.

Make sure to add the prepayment penalty fees in your total loan amount. Lenders utilize prepayment penalties to compel borrowers to remain in the loan and pay the entire interest cost. The lower the penalty for prepayment, the better.

  • The Late Payment Fee

Late payment means late payment fee. Keep in mind that your lender requires you to pay your bad credit loan on time, so please remember to make your timely payments to avoid any trouble with the lender.

How Much Do You Need?

We advise you to only request for the loan amount you need. A word of advice – only get the amount of money that you need. Lenders will often try to get you to borrow more of a bad credit loan. However, you may not actually need the money, but you take it. We strongly recommend that you do not do this. Only take what you need. Make sure that you are able to pay back that amount.

Remember that bad credit loans are one of the most costly types of debt. Why would you want to pay interest on money that you don’t require? Avoid succumbing to the ego-massaging sales pitch. Hence, just borrow the loan amount that you need.

Always Check for the Best Rates

Shop around for the best loan offers. Do not apply to verify the pricing. This will result in hard inquiries on your CIBIL credit report, which may hurt your credit score. You can obtain current pricing by contacting customer service.

Strictly Avoid Additional Offers From Your Lender

Lenders are tricky. Often you are informed that there will be no upfront costs. Check if they have added your insurance to your monthly payment. Be careful that they don’t do this to you. Have an eye out and read all of the find details of the loan offer before committing to it.

The reason they do this is because they want to increase the payment of your loan, thus increasing the interest payment you owe to them. Do not be misled. Look carefully at the loan details before you agree to them. Your lender would want to make sure you pay back your loan. You have to look out for your own best interest.

Your financial situation may compel you to take out a loan. However, there is no justification if you begin to fall for such add-on offers. You alone are responsible. There are a lot of these extra fees. Decline these loan offers and only take ones that are favourable to you.

Types of Loans You Can Get With A Bad Credit Score

The Well Known Payday Loans

Payday loans are unsecured loans, although they are often returned on the borrower’s next payday rather than overtime in installments. Loan amounts range from hundreds of dollars or less. Payday loans are repaid immediately and have higher interest rates that carry a significant chance of default.

Borrowers should be able to repay their loans but if not, they tend to obtain other loans which would mean increased debt. As a result, interest costs accumulate rapidly, and loans with annual percentage rates in the triple digits are not unusual.

The Famed Student Loans

Undeniably, a lot of university students get by on a limited budget. It’s a good thing that a lot of lending organizations recognize the need of these students so they offer assistance through student loans.

Student loans can pay for a laptop, textbooks, and other educational items, so these students who got this loan can freely study instead of working to pay the cost of their education.

Title Loans Defined

If you have a vehicle, you can apply for a car loan title loan. Typically, you may borrow between 25% and 50% of the value of your automobile. According to the FTD, title loans usually vary from $100 to $5500, and you’ll typically have 15 to 30 days to repay your title loan. If not, the lender will seize your vehicle.

Generally, title loans have high-interest annual rates. If you are authorized, you will be required to surrender your automobile title until the loan in its whole, including costs, is repaid.

Cosigned Loans Are A Great Solution

A cosigned personal loan is one that is guaranteed by more than one person. If you have poor credit or none at all, a lender may require you to have a cosigner who will accept and repay the debt if you default. A cosigner guarantees the loan for the lender. Having a cosigner will also mean a better shot at loan approval and better loan conditions.

This type of loan profits the borrowers more as they can increase the loan amounts, get easily approved by the lenders, reap other loan benefits. This form of loan benefits goes to the borrower, who may qualify for more funds or favorable conditions. Think carefully if you are intending to be a cosigner in a loan since it might compromise your financial stability and risk your relationship with the borrower.

How to Spot a Scam Before You Become The Victim Of A Bad Credit Loan Fraud

Will the Lender Reach Out to You Directly?

Lenders only call if you have just applied on a loan or if they have questions on your credit. In contrast, fraudsters will connect with you often via phone, email, or in-person and ask for important information to access your bank accounts.

Bona fide lenders may call or mail but immediate, unsolicited loan offers are almost always fraud. Before getting your bad credit loan or if you would like more assurance on the validity of your lender, you can review your lender’s certification by going on your state attorney general’s website.

You can definitely set apart the fraudster from a credible lender based on their pitch. An assured approval, unclear fees and lending conditions, or hints the irrelevance of your credit score suggest undeniably that the lender is fraud and is incapable of completing a bad credit loan.

Were you Forced to Apply For A Loan?

If you’ve decided to apply for a bad credit loan , watch out for short-time offers for quick loan applications. In general, reputable lenders give consistent loan offerings determined by characteristics such as creditworthiness and current personal loan rates.

Short-time fee exemption offers does not mean an update on your interest rates or other loan terms. Therefore, if a lender attempts to persuade you into taking out a loan by promising a low interest rate and then saying that the deal is only available for a limited time, it is almost certainly a fraud.

If the Lenders Refuse to Disclose Fees?

These fraudsters of bad credit loans will consistently give out unclear fees, never disclosing them even upon request. Usually, these tricky lenders will intend to provide unclear fees and reveal them after loan approval to get the borrower to sign.

In contrast, creditable lenders discloses all applicable fees and is clear on the loan prices. Furthermore, all applicable fees will be paid at closing, not before. If your lender does not reveal all application and origination fees beforehand, you may be a victim of personal loan fraud.

Were you Recommended to Pay your Fees Immediately?

You are probably a victim of fraud if your lender asks for payment of fees before or after loan approval. Loan Origination fees are paid at closing and are generally deducted from the loan amount.

Bad Credit Loans Benefits

No Credit History Review

No credit report review – that is one of the best benefits of a bad credit loan. This implies that when the lender reviews your application, they will disregard your credit score because prior defaults or listings may have had no impact on your loan application.

The lender’s first concern will determine whether you have a stable job or enough money to meet your current expenses. Likewise, you should have enough funds to cover the cost of the loans. Additionally, you should have sufficient assets to cover the requested loans. It is preferred if you have stayed with your employer for a year to have a quicker loan approval.

On Time Payments Can Raise Your Credit

Bad credit loans provide you with fast access to the finances essential to repay your debt. Second, you have the opportunity to manage your finances wisely and make timely payments. Credit score can be improved by wise budgeting and good debt management. It will show you’re reliable and honest to a potential lender or lender.

Borrower an Enormous Sum of Money

In bad credit loans , you have the opportunity to borrow a huge amount of money. Yes, even with poor credit, it is possible to apply for something pretty big. The critical factor is to pay it off and maintain an income sufficient to afford the monthly payments.

Always check for hidden costs and fees whenever you apply for bad credit loans. Regularly check for additional fees from the lenders.

Flexibility With Offers

Not all borrowers are the same. As a result, bad credit loans can be tailored to your specific needs. The correct lender will provide you with a loan that is customized to your circumstances. They may consider the loan amount, repayment options, period, flexibility, and interest rates, among other things.

When it comes to selecting the best bad credit loan, it is critical, to be honest with yourself. Communicate your financial situation with your lender and confirm they are informed of your circumstances. Additionally, do not rush and take your time selecting the best offer for your needs, or you risk additional deterioration of your poor credit history.

Acquire Funds Immediately

Do you require cash immediately? Low on savings and have mounting debts? Add a poor credit score, and it may seem that there is no more solution for you. Thankfully, you can still obtain a loan. Indeed, you can receive a bad credit loan relatively quickly.

Loans for those with bad credit are the easiest to obtain. For example, a payday loan or an unsecured loan can be acquired mere hours after application. Know that bad credit loans are an option for you in case you need immediate money fast.

Most Common Questions on Bad Credit Loans

What is an Annual Percentage Rate (APR)?

Annual Percentage Rates, or APRs, are another type of rate that you may encounter while applying for a personal loan, mortgage loan, auto loan, or credit card. This is the rate paid annually plus all other add on fees in your loan.

Typically, the APR will be 0.1 to 0.5% greater than the interest rate. The higher the APR, then higher chances of add on fees. Many borrowers compare APRs while comparing loan choices. Remember that the APR can be negotiated directly with the lender. As such, be sure to talk to them about this and do not take the first APR that is provided by the lender. Check if there is a possibility of reducing the rate.

Secured Loan VS Unsecured Loan

In applying for a secured loan, your lender will seize your private things like your vehicle or house as a collateral. They will seize this collateral once you are unable to repay your loan. If you do not pay it back, then they can keep your personal items.

Most borrowers apply via Secured Loans when borrowing a considerable amount of money. A lender will only lend a considerable sum with the assurance that you will repay it. Your home as a collateral tells your lender you’re serious in repaying your loan.

Unsecured loans do not involve any collateral. Examples include credit cards, student loans, and personal loans. Lenders take a more significant risk with this loan because there is no collateral to recoup in the event of default. This is why interest rates have increased.

Significance of Credit Reports

In applying for a loan, your lender will potentially begin the loan process by analyzing your credit. If you have a good credit score, you may utilize this excellent credit score to obtain favorable terms on loans, credit cards, insurance premiums, rentals, and mobile phone contracts.

Supervise your credit. Check for any late payments. If there are any problems on your credit report, you can deal with them before they become a major issue.

Our Final Thoughts On Bad Credit Loans

This is it. This concludes our in depth review on bad credit loans. We hope that you got some value out of this review. Remember that even if you have bad credit, you can still get an emergency loan. It will be a little hard if you have a bad credit score, but you can still apply and acquire a loan.

Companies like MoneyMutual are the industry leaders and offer the best bad credit loans. Do not forget to make your monthly payments. Always pay on time, certainly negotiate your terms with your lender before you confirm your loan with them. Negotiation is very important with the lender directly as you want to ensure that you are getting a good interest rate and favorable terms and conditions.

All the companies mentioned in this article are the best in the field. They are well known for their professionalism, great customer service, and excellent consumer reviews. They help you acquire your bad credit loan when you need it and if you have a bad credit score.

=>Visit The Official Website For MoneyMutual For More Information

The news and editorial staff of Sound Publishing, Inc. had no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

Sound Publishing, Inc. does not accept liability for any loss or damages caused by the use of any products, nor do we endorse any products posted in our Marketplace.

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