Compare Bad Credit Loan Options

Upgrade is a full-service online lender offering personal loans alongside credit monitoring tools. Their direct-pay feature sends funds straight to existing creditors, which is particularly useful for debt consolidation. Joint applications are available, allowing a co-borrower to help strengthen the application. Upgrade reports to all three major credit bureaus, so on-time payments build your credit history over time.

• Check rate with no credit impact
• Direct payment to creditors for consolidation
• Joint applications accepted
• Free credit health monitoring

LendingClub is one of the most established names in online lending. Now operating as a full-spectrum fintech bank, they offer personal loans with a straightforward application process and the option to add a co-borrower, which can meaningfully reduce your APR. LendingClub reports to all three bureaus and charges no prepayment penalties. Their direct payment option for debt consolidation ensures funds go where they need to.

• Pre-qualification with soft pull
• Co-borrower option to lower rate
• Direct creditor payment available
• No prepayment penalties

Avant targets the middle ground of bad credit lending: borrowers whose scores fall between 550 and 650 and need a structured personal loan rather than a payday alternative. They offer a straightforward online application, next-business-day funding, and a mobile app for tracking payments and balances. Avant also provides a late fee grace period, giving borrowers a buffer before penalties kick in.

• Funding as soon as next business day
• Late fee grace period
• Mobile app for loan management
• Reports to major credit bureaus

Best Egg offers both unsecured and secured personal loan options. The secured option uses your vehicle or other eligible collateral to potentially lower your APR, which is uncommon in the bad credit lending space. With over $24 billion in loans funded, they are one of the larger online personal loan providers. Funding typically arrives within one to three business days after approval.

• Funding in as little as 1 business day
• Secured loan option (lower rates)
• No prepayment penalties
• Check rate without affecting score

OppLoans is designed for borrowers who cannot qualify anywhere else. While APRs are significantly higher than traditional personal loans, they are positioned as a payday loan alternative with structured repayment plans, no hidden fees, and no prepayment penalties. OppLoans reports to all three credit bureaus, giving borrowers the chance to build credit with consistent payments. Best for short-term, small-dollar needs when other options are exhausted.

• No hard credit check to apply
• Reports to all three bureaus
• Same-day or next-day funding
• No prepayment penalty

OneMain Financial is one of the few major lenders with physical branch locations across the US (over 1,400). This makes them a strong option for borrowers who prefer face-to-face service or need help navigating the application process. They offer both secured and unsecured loans, and the secured option can reduce your rate. The in-person model also means they may consider factors beyond your credit score during underwriting.

• 1,400+ branch locations nationwide
• Secured and unsecured options
• In-person support available
• Co-borrower accepted

NetCredit serves borrowers in the lower credit tiers with an accessible online application and next-business-day funding. Their loyalty program offers improved terms for returning borrowers who demonstrate a strong repayment track record. While APRs are substantially higher than traditional personal loans, NetCredit fills a gap for borrowers with scores between 400 and 550 who need more than a small payday alternative but cannot qualify for mainstream lenders.

• Quick online application
• Next-business-day funding
• Loyalty program for returning borrowers
• Reports to major credit bureaus