Top 5 Guaranteed Term Loans for Bad Debt from 2019

When you have bad credit, your loan options may become limited. In fact, you may feel that you do not have an option. So what do you do if you need extra money but you do not have enough savings or room on your credit cards?

One option you may be looking for is a secured credit loan with guaranteed approval. However, according to the FTC: “Legitimate lenders never” guarantee “or claim that you will get a loan or a credit card before applying, especially if you have bad credit, no credit or bankruptcy.”

We want to clarify that there is no “guaranteed loan”. In addition, doubtful loans certainly have a cost, especially in the form of high interest rates and short repayment periods.

Although we can not guarantee an approval, we can refer you to some lenders who are more likely to lend to people with bad credit. Keep reading to find out more about personal loans with bad credit, the lenders who offer them, and other financing options that may be available to you.

Bad Credit Loans – Guaranteed Approval

Bad Credit Loans - Guaranteed Approval

If you are looking for personal installment loans, you should consider a few options. Check out these online lenders offering quick approvals, often with the minimum qualifications required and no credit check.



For loans of 500 to 10,000 euros, USACashloan has fairly basic qualification requirements.

Here is what you will need.

The main obstacle you will have to overcome is a monthly after-tax income of at least € 1,000. You will need some small requirements, such as a check account with your name, a valid email address and a valid phone number. Your credit score is not affected by the application process and is not used as a factor of eligibility.

Once you have submitted your application, USACashloan acts as a matching service by searching for its personalized loan offers on its network of lenders. You can then choose one if it meets your needs. Just be sure to read the full terms of the loan.

Because USACashloan works with multiple lenders, interest rates and fees can vary widely. The APR range is between 5.99% and 35.99%. The loan term can range from three months to five years.

Getting a personal loan through USACashloan is fast. You can not only be approved in minutes, but also receive your funds in one business day.



CrediteriolBad is another online service that puts you in touch with direct lenders that do not require credit checks. It is possible to be approved for a loan up to 5,000 euros, but if your credit is mediocre, the limit is usually 1,000 euros. The repayment periods vary between 3 and 36 months.

While credit is not used as a huge approval factor, here’s what you’ll need to qualify for a loan through CrediteriolBad.

You will certainly need a steady income, which can come from a full-time job, self-employment, social security or even a disability award. You will also need an account, phone numbers at home and at work, and your own email address.

CrediteriolBad announces “no pressure” loans. This means that once you receive a loan offer, you do not have to take it. You have time to carefully examine the terms of the loan to determine whether it is appropriate or not.

As loan terms are shorter, you can also save money on interest over time compared to longer loans. It really depends on the type of conditions for which you are approved. A number of types of loans are also available, so you can very well finance the type of need you have.


YourPersonalLoan is also specialized in bad loans. They offer larger loan amounts with longer repayment terms. Loans start at 1,000 euros and go up to 35,000 euros. For the refund, you will have between 90 days and 72 months (six years).

Rather than being a direct lender, YourPersonalLoan works with a network of lenders. Many of them offer rates between 5.99% and 35.99%, but some may go even higher. So be sure to check your loan offer.

To be eligible, you must have a constant income, which must often be verified via a payment slip. There is no specific credit score, but you must demonstrate a recent financial responsibility.

What does that mean exactly?

First, none of your accounts should be more than 60 days late. Second, you should not have a late payment scheme. Your existing debt should be manageable with your income and, finally, you should not have accounts that have been recently debited.

In addition to installment loans, YourPersonalLoan also partners with peer-to-peer lenders. This type of loan requires a minimum credit rating of 600 and a minimum income of € 2,000 per month.



MetLoan offers loans up to US $ 10,000 and you will not affect your credit history by checking your eligibility. What can you expect in terms of rates and conditions?

It depends on where you live, because each state has different laws regarding the amount of loans that can be loaned and billed as interest. In Virginia, for example, your APR could reach 155%. By contrast, in Washington State, you will not pay more than 35.99%.

Unlike many personal loans, MetLoan is usually the direct lender and the servicer of your loan. In some states, the company partners with Republic Bank & Trust Company. There is no application fee or prepayment penalty with MetLoan, but you may have to pay a fee in some states.

If you want to replenish your credit history when paying off your personal loan, know that MetLoan reports your payments to Experian and TransUnion.

Another unique advantage of MetLoan?

You do not have to worry about the borrower’s remorse. This is because you have a window of opportunity that allows you to return your loan funds the next business day if you change your mind for any reason.



You could potentially qualify for an installment loan of $ 1,000 to $ 10,000 with It has a national network of lenders. Thus, once your request is submitted, you can receive an offer corresponding to your credit profile.

To begin, you must meet some requirements. These include a regular income, your own checking account, a valid email address, and a home and work phone number. Specific direct lenders may have slightly different requirements to qualify, as well as the required documentation that you may need to submit.

Once you have received an offer from the CashMoonLight network, it is your responsibility to read carefully the terms and conditions of the loan. At this point, there is no obligation to take out the loan. If you think the rate is too high or the monthly payments will be too heavy, you can simply refuse them.

If you approve the terms of the loan, simply sign the loan agreement electronically with your direct lender. After that, you may be able to receive the funds from your loan as quickly as the next day.

Bad Credit Personal Loans – Are They Really Guaranteed?

Bad Credit Personal Loans - Are They Really Guaranteed?

These loans offer almost automatic approval without even checking the solvency of the applicant.

So, if your credit score has suffered and you need financing, you can probably get approval for a secured installment loan for bad credit. However, depending on the lender, you may need to meet other requirements to qualify for a loan.

For example, many lenders require that you have a bank account. This may include depositing loan funds or providing automatic payments on the due date (similar to a payday loan).

Other lenders may require a certain level of monthly income, as well as a regular job for a while. Even if a loan is advertised as “guaranteed” because there is no credit check, this does not mean that you will automatically qualify without meeting the other eligibility criteria.

It is also important to mention that there are “predatory” lenders, but that many lenders offering guaranteed approval without credit verification actually work with borrowers of all types.

Some lenders also report your positive payment history to credit bureaus. This can help you rebuild your credit score over time.

How to avoid a debt cycle

How to avoid a debt cycle

When considering an installment loan or any type of financing, it is important to keep in mind your own financial health.

Most lenders are usually responsible for assessing whether a borrower has the ability to repay. Otherwise, the loan should not be approved. But lenders’ approval forms do not necessarily take into account all of your financial responsibilities.

This means that you have to look at the numbers and make sure that you can actually afford the amount you have borrowed. Check the type of fees (if any) that you will have to pay, as well as the cost of capital and interest that will cost you each month.

Many people have problems when their budget is too tight after taking out a personal loan. If you can not contribute to a savings account and a financial emergency, you may need to redirect your payments to another amount. You are then faced with tons of fees and an increasingly low credit score.

You can understand why it’s important to really look at your finances as they are today before you get into other tasks. Evaluate the funds you need and the need to use them in the big picture of your other financial goals.

We know that cash can be tight and that a loan can help ease the burden in the short term. But it is also essential that you think about how to keep your finances in the long run so you do not get caught in an endless cycle of debt.

Other types of financing for poor credit borrowers

Other types of financing for poor credit borrowers

Installment loans are definitely an option if you need a lump sum cash. But also take a look at some other forms of financing.

It is always best to learn about different types of products and ways to get money to find out which is best for you. Here are some ideas for spinning the wheels.

Unsecured loans online

Yes, you will probably need a credit check to get an unsecured loan online, but some lenders still lend to less than average borrowers.

These loans have some advantages. Although your interest rates remain high, they are less likely to be in the three-digit range often associated with payday loans and some secured loans.

In addition, you may be able to get a loan in the longer term. This can make your monthly payments much more manageable to help you avoid this debt trap. Just be sure to compare the total cost of loans over time.

Yes, you can pay less monthly, but if a loan is spread over several years, you may have to pay more interest over that period. However, if your budget is relaxed to allow for more flexibility, it may be worth it.

Cash advance of your credit card

If you have to pay for something that does not allow a credit card, but you still have room on your line of credit, you may be able to get a cash advance. Since you already have the card, you do not have to worry about asking for a new one, which also preserves your credit score.

Often, you will have to pay a slightly higher APR on cash advances, but if you intend to repay it in the short term, you may be able to save on high rate loans.

Regardless of your type of credit score, it is likely that you can find a financing option. If you choose a personal loan with guaranteed approval and no credit check, make sure that the rates and conditions are really worth the purpose of the loan.