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Borrow Money With Bad Credit

There are no two ways about it – it’s a challenge to borrow money with bad credit. Banks are likely to turn you down and many of your other options are undesirable.  But you don’t have to settle .The good news is that LoanNow can provide the money you need even if your credit isn’t perfect.

borrow moneyBad News from Banks

If you approach a bank to borrow money with bad credit, the answer is more likely than not to be no. If you are approved, you may be required to provide collateral or a credit worthy cosigner as a condition for being approved. And regardless of your credit profile, you may have to wait weeks for a response.  If you’re seeking a loan to deal with a financial emergency – waiting weeks to hear from a bank is not viable.

The Problem with Pawn Shops

On one level, a pawn shop is the ideal place to borrow money with bad credit.  Pawn shops issue loans with no credit checks and no questions asked – as long as you have merchandise they consider valuable that you’re willing to surrender (temporarily) as collateral..  However, pawn shops typically loan only about 25 percent of the value of the property you surrender as collateral. You must also repay the loan in full, with interest, within 30 to 60 days, or risk losing your property for good.

The Payday Loan Trap

Payday lenders make it easy for people to borrow money with bad credit.  Their main concern is whether you have a job or a steady source of income – along with an active bank account.  But the initial convenience of a payday loan is soon overshadowed by realization that your loan is due in full in just a few short weeks. If you’re paid every week, your loan could be due in as soon as 10 days!  If that sounds like it would be hard to manage – that’s because it is.  A majority of payday loan borrowers wind up trapped in a cycle of partial payments and rollovers for months – sometimes even for years.

The LoanNow Alternative

If you’re trying to borrow money with bad credit, it’s easy to become discouraged – or fall into the trap of a bad loan.  But LoanNow is a better alternative. With us, you’re more than your FICO score – less than perfect credit is not necessarily a deal breaker. LoanNow also never requires collateral – and we say NO to rollovers. Let LoanNow provide the money you need – when you need it!

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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

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More Resources on Borrow Money With Bad Credit

* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.

LoanNow Trustpilot Rating: 9.3 out of 10 based on 570 reviews as of March 2016. SuperMoney Rating: 9.5 out of 10 based on 55 reviews.