What are the best debt consolidation loans for bad credit with online decision?

The best debt consolidation loans for bad credit with online decisions are through Upstart because most applicants can get qualified with a credit score as low as 300 in most states. Upstart may also accept applicants with limited or no credit history to help build their credit score. The loans also have a typical APR range of 6.6% - 35.99%, dollar amounts of $1,000 - $75,000 and repayment periods of 36 months or 60 months. Furthermore, you can complete the entire process online, from applying and receiving a decision to getting the money and repaying the loan.

Best Debt Consolidation Loans for Bad Credit with an Online Decision

• Upstart. Credit score requirement of 300 in most states, but in some cases no credit score is required. Loan amounts of $1,000 - $75,000. APRs of 6.6% - 35.99%, typically. Repayment periods of 36 months or 60 months.**
• Universal Credit. Credit score requirement of 580* or higher. Loan amounts of $1,000 - $50,000. APRs of 11.69% - 35.99%. Repayment periods of 36 - 60 months.
• Avant. Credit score requirement of 580* or higher. Loan amounts of $2,000 - $35,000. APRs of 9.95% - 35.99%. Repayment periods of 24 - 60 months.
• LendingPoint. Credit score requirement of 620 or higher. Loan amounts of $1,000 - $36,500. APRs of 7.99% - 35.99%. Repayment periods of 24 - 72 months.
• LendingClub. Credit score requirement of 600 - 640* or higher. Loan amounts of $1,000 - $50,000. APRs of 7.04% - 35.99%. Repayment periods of 24 - 72 months.
• FreedomPlus. Credit score requirement of 620 or higher. Loan amounts of $5,000 - $50,000. APRs of 8.99% - 29.99%. Repayment periods of 24 - 60 months.
• Upgrade. Credit score requirement of 620* or higher. Loan amounts of $1,000 - $50,000. APRs of 7.74% - 35.99%. Repayment periods of 24-84 months.

*According to multiple third-party sources.

To read more about the top-ranked offers, check out WalletHub’s picks for the best debt consolidation loans for bad credit. Then, you can estimate your potential rates with the free pre-qualification tool on WalletHub.

**Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).

The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 19.60% and a 6.90% origination fee of $690, for an APR of 23.22%. In this example, the borrower will receive $9310 and will make 60 monthly payments of $264. APR is calculated based on 5-year rates offered in March 2025. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.