What are the best vacation loans for bad credit?

The best vacation loans for bad credit are from LendingPoint. The company offers loan amounts of $2,000 - $36,500, repayment periods of 24 - 72 months, funding as soon as the next business day and APRs of 7.99% - 35.99%. LendingPoint loans can be used to cover all aspects of a vacation, such as airfare, hotel stays and cruises.

Still, it's better to save your money for a vacation rather than taking out a loan if you have bad credit. It's best to avoid getting into unnecessary debt, considering a vacation is more of a luxury than a necessity.

Best Places to Get Vacation Loans for Bad Credit

1. LendingPoint

   LendingPoint offers loan amounts of $2,000 - $36,500 with APRs of 7.99% - 35.99%. You'll need a credit score of 620+ to qualify.

2. Avant

   Avant offers loan amounts of $2,000 - $35,000 with APRs of 9.95% - 35.99%. You'll need a credit score of 580+ to qualify.

3. Upstart

   Personal loans through Upstart have dollar amounts of $1,000 - $50,000 with APRs typically of 5.35% - 35.99%. There is no minimum credit score requirement.

4. LendingClub

   LendingClub offers loan amounts of $1,000 - $40,000 with APRs of 8.05% - 35.89%. You'll need a credit score of 600 - 640+ to qualify.

5. Upgrade

   Upgrade offers loan amounts of $1,000 - $50,000 with APRs of 8.49% - 35.99%. You'll need a credit score of 620+ to qualify.

6. Achieve Personal Loans

   Achieve Personal Loans offers loan amounts of $5,000 - $50,000 with APRs of 7.99% - 29.99%. You'll need a credit score of 620+ to qualify.

You'll have to meet the credit score requirement along with other general requirements to be considered for a vacation loan. You need to be at least 18 years old, have a bank account and have enough income to make monthly payments, for example.

To see which companies may approve you and what rates may be available to you, check out 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), NM ($5,100), OH ($6,000).

The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment 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.