The easiest loan to get with bad credit is a no-credit-check loan from OppLoans, as this lender will not do a hard inquiry into your credit history during the application process. OppLoans personal loans also offer $500 - $4,000 in funding for up to 18 months, and the APR range is 59% - 160%. In order to qualify for a loan from OppLoans with bad credit, you will need to have an income that's high enough to pay the loan back.
Easiest Loans to Get with Bad Credit
A no-credit-check loan is the easiest type of loan to get with bad credit, but it's bound to be a lot more expensive than loans from lenders that do a credit check. Among lenders that do a credit check, LendingPoint is a great choice. It requires a credit score of 580 to qualify and offers $2,000 - $36,500 in funding for 24 to 60 months. The APR range is 7.99% - 35.99%.
Other Easy Loans to Get With Bad Credit
Another easy type of loan to get with bad credit is a secured personal loan. This type of loan requires you to put up collateral that the lender can keep if you default on the loan. Because there's little risk for the lender, it's often easy for people with bad credit to get approved.
Alternatively, you could consider borrowing from a friend or family member. They may not care about your credit score at all.
Finally, one of the easiest types of loans to get with bad credit is a payday loan, which is a small, short-term loan to be paid back with your next paycheck. You should avoid payday loans unless they're your only option, however, because they charge extremely expensive fees.
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