Best Personal Loans for Bad Credit | November 2020

If you have bad credit, it can be hard to find an affordable loan. But it's not impossible. Here is SuperMoney's list of the best personal loans for bad credit.

When you have bad credit, it's hard to get approved for credit cards or loans. Even if you do get approved, the offers you receive will charge higher interest than you'd get if you had fair or good credit. But to improve your credit, you'll need to use credit. If you simply abstain from taking out loans or paying with credit, your credit score is unlikely to improve. Fortunately, even if you have bad credit, you still have options.

Some lenders accept borrowers with bad credit and consider other factors (such as your income and employment history) in addition to your credit score. Of course, these loans will be more expensive than those available for applicants with good or excellent credit.

This is SuperMoney's list of the top personal loans for bad credit.