Bad Credit Loans

Is Bad Credit Holding You Back From Obtaining A Loan? Harpsey Can Help!

Applying for bad credit loans with Harpsey is simple and stress-free – use our free online application form in less than 5 minutes to be approved for a bad credit personal loan on affordable terms.

Our loan providers offer loans of between $100 to $35,000 to bad credit applicants with flexible repayment options (from 1 to 60 months). Check it out now.

Key Features of Bad Credit Loans


Bad Credit? Yes
Same Day Funding? Yes
Legal? Yes
Interest (APR)? Can be over 400%
Completely Online? Yes
Instant Decision Yes

Representative Example:


This is a typical loan example. Real amounts will vary from lender to lender.

Borrow $500 over 3 months, at 400% APR, 3 repayments of $288.29, total repayable $864.87

Where Can I Get A Bad Credit Loan?

At Harpsey, we have a network of lenders that offer bad credit loans across the whole of the US. We can connect you with a lender that is close to where you live and can process your application quickly and efficiently. Funding is usually made available within 24 hours on competitive terms.

Check out the states we have a dedicated loan service offering in:


If your credit score is below the minimum level required by the lender to qualify for a bad credit loan, you may be able to put up collateral as security for the loan which then becomes a secured loan.

Likewise, you may have family that could be willing to add their name to the bad credit loan application so it becomes a joint application which may improve your chance of securing the loan.

Alternatively, there are other types of loans available to those with very bad credit, including payday loans, installment loans and secured loans as mentioned above.

Credit Score

We work with lenders that accept applications from borrowers with poor credit scores.

Some lenders do have minimum thresholds when it comes credit score requirements. This is set at a level which takes into account life’s ups and downs so this should not be a bar to a successful loan application.

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Is your debt less than your income?

This is often referred to as debt-to-income ratio. Lenders like to see debt at less than 40% of your income on a monthly basis. This helps to support your ability to meet the repayment requirements.

Cash Flow

Is your income readily available and accessible on a regular monthly or more frequent basis?

If it is, this will give the lender comfort you can make the repayments as they fall due for the amount you wish to borrow. If your income is only available at certain infrequent points in time (such as every 6 months or longer), this may raise concerns for certain lenders.

Can Harpsey Guarantee That I Will Be Approved For A Bad Credit Loan?

Unfortunately, we can’t give you a 100% guarantee that you will be approved for a bad credit loan. However, we will do our best to match you with the lender who is best suited to your requirements and is most likely to approve you.

Our service enables borrowers to put their application into our bespoke lending system where we target lenders most suitable for each borrower. That means you don’t have to waste time and effort applying for multiple loans with different credit unions and other loan providers. We do the hard work to match you with the right lender. Our service is free and does not affect your credit score because of the soft credit check search system we adopt.

How Quickly Can I Get A Bad Credit Loan?

Usually, a bad credit loan can be transferred to your bank account within 24 hours of approval. Harpsey can sometimes even offer bad credit loans to borrowers within just a few hours.

It is worth gathering your documents to make the process as fast and efficient as possible. Have your social security number to hand, proof of employment and proof of income. This is usually in the form of a pay stub but lenders do accept other documentation. The process is generally very fast because qualification is based on 3 main things – income, cash flow and credit score.


Can I Get A Loan Without A Credit Check?

If you are wanting to borrow a large loan and have a bad credit score, you may be able to offer up collateral as part of the application. This might be a car, house or other property. This reduces the risk for the lender as they have security if you default on the loan repayments and place less reliance on your credit score.

Other assets such as a separate savings or investments account may be used as security for a very large loan.  Often this process can take a bit more time to finalise the loan.

Why Harpsey?

  • Quick simple online application
  • Matched lenders with competitive and flexible repayment options
  • Transparency of fees and rates
  • Decision straight away and fast funding
  • Accessible customer service
  • Bad credit considered
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Where Can I Apply For Installment Loans With Bad Credit?

A bad credit loan can be structured as an installment loan if a borrower wishes to spread the cost of the repayments into more manageable chunks over a longer period of time.

This is an effective way for borrowers to manage the loan repayments and puts less pressure to repay the loan in one lump sum or over a very short period where cash flow might be an issue.

Installment loans often contain the option of repaying the loan back early if circumstances change during the period of the loan. This has the benefit of reducing interest on the loan. It is always a delicate balance to strike to ensure the duration of the loan is long enough to make the loan affordable but borrowers take into account the amount of interest they could save with a shorter period.

Bad Credit Loans | FAQs

This ultimately boils down to your credit score and the amount you want to borrow. If you have a very poor credit score and want to borrow a very large amount, you may need to provide some type of security like a car or other valuable item as collateral to be approved.

Harpsey can help secure your loan with both secured and unsecured loan options for borrowers.

It is important to be aware that any failure to repay your loan is likely to lead to you being charged late fees by the lender and result in your credit score being negatively affected.

We would urge our borrowers, who are facing any financial difficulties in repaying a loan, to speak to the lender as soon as possible to work out a payment plan. This may involve freezing repayment for a temporary period and removing late payment fees. All of our lenders have accessible customer service teams that can often support you with any issues you may be facing.

We would never claim to offer guaranteed loans for those with bad credit. Lenders carry out applications which are specific to each individual – based on their level of income, credit score and affordability. It is ultimately up to the lender to approve the loan based on a responsible assessment of your ability to meet the repayment obligations. We do our utmost to match you with lenders that are used to offering loans to borrowers with a bad credit.

Yes, typically, lenders charge higher fees, principally in the form of interest payments (APR), to people with bad credit profiles. This is because, unfortunately, they consider those with the worst credit histories as being most likely to default on their loan repayment. As a result, they will charge higher rates to reflect that increased risk.  Some people think this is counter-intuitive, however, this is the industry norm for all types of financial products.

This is something we hear all the time and is a concern for many borrowers. We want to re-assure our borrowers that having been previously declined by one lender should not prevent you being accepted by other lenders in the lending market.

We are regularly told by our panel of lenders that they are constantly adjusting and reviewing their lending criteria to accept more borrowers based on increased risk appetites and funding conditions. So even if you have been declined in the past, you can still be approved with Harpsey through a new network of lenders.

We work with a considerable number of loan providers who want to lend, taking all factors into consideration.

In order to receive a bad credit loan, you must meet the following criteria:

  • Be over 18 years of age
  • Have a live checking account
  • Able to make repayments based on a steady income of at least $800 per month
  • Be a US or Canadian citizen