Best Urgent Loans for Bad Credit: Top US Lenders in 2023

Unexpected expenses and emergencies leave most people in a dilemma, not knowing what to do or where to get help especially for individuals with bad credit. Such times require us to borrow money. If you are in those shoes, then this is the right article for you.

The great news is that there are lenders in the US in 2023 that are willing to extend urgent loans for bad credit, and at the best rates for loans up to $5000.

Read on to discover the lender from our list that best meets your financial needs and offers urgent loans for bad credit at the best rates possible.

Best Lenders for Urgent Loans for Bad Credit

The lenders above have proved to offer the best terms when it comes to urgent loans for bad credit and offer appropriate guidance to their customers when taking out such loans. The companies focus on helping you meet your financial needs at the most affordable rates and in the quickest time possible.

Read on to get a closer perspective on each of the companies and how to make the best choice for getting an urgent loan for bad credit. 

1. Honest Loans - Best for Urgent Loans 

Honest Loans

Honest Loans is a reputable lending option for individuals in need of urgent loans for bad credit. They prioritize quick processing times, aiming to provide funds to their customers within as little as 24 hours after approval. This expedited process can be beneficial for anyone facing immediate financial needs or emergencies.

One of the key advantages of Honest Loans is their role as a well-connected broker. They have established connections with multiple lenders, allowing them to connect borrowers with the loans that offer favorable repayment terms and Annual Percentage Rates (APRs).

Benefits of choosing Honest Loans as your lender for urgent loans for bad credit:

  • They accept all forms of credit scores
  • Fast disbursement of loans
  • No hidden loan costs
  • Affordable rates

By leveraging their network, Honest Loans helps borrowers find the most suitable loan options based on their unique financial circumstances.

2. Big Buck Loans - Favorable repayment period

Big Bucks Loan

Big Buck Loans gives you the freedom of borrowing and also free access to direct lenders that offer urgent loans for bad credit. They have some of the best rates in the market and have high success rates for even first-time borrowers.  The lender offers loans from as little as $200 to $5000 with interest rates ranging from as low as 5.99%. They have favorable repayment periods.

Here are some of the reasons Big Buck Loans should fall under your favorite lenders category for urgent loans for bad credit:

  • Favorable repayment period
  • Fair interest rates APRs
  • Free access to direct lenders
  • Ease of loan application

To get an urgent loan for bad credit with Big Buck Loans, you must however provide documentation to show you meet eligibility criteria set by the company other than your FICO credit score.

3. Credit Clock - Easy application

Credit Clock

Credit Clock is considered as one of the best online loans brokers in the US as it connects borrowers to best lenders in the market, offering the best rates.  The company does not focus on the credit history of the borrower and focuses on other elements such as their income levels. It offers loans for up to $5000 and has a flexible repayment period. 

Below are some benefits of choosing Credit Clock as your lender for urgent loans for bad credit:

  • No credit checks required
  • Easy loan application process
  • Flexible payment period
  • High loan amounts up to $5000

With Credit Clock, the process of applying for an urgent loan even with bad credit is much simpler compared to rigid financial institutions. 

4. Low Credit Finance - Access to specialized lenders

Low Credit

Low Credit Finance is credited for helping common Americans access urgent loans for bad credit, without the need for their credit score or checking of their credit history.  The company allows a borrower to apply through their online portal and get instant help. The fast decision making on  loans once a borrower meets set criteria makes them amongst the top lenders for urgent loans for bad credit.

Here is why you should choose Low Credit Finance as one of your best lenders for urgent loans for bad credit:

  • Free access of specialized lenders
  • Fast loan processing
  • No need for credit check
  • Repayment terms that suit you


5. Fast Loans Group - High loan amounts

Fast Loans

Are you in search of an urgent loan despite having bad credit? Fast Loans Group should be included in your list of alternative lenders. The company provides loans without requiring credit history or conducting credit checks. It accepts all FICO scores. Moreover, the company collaborates with a diverse range of lenders who are prepared to offer loans to borrowers within the shortest possible time.

Here is why you should choose Fast Loans Group as part of your top lenders for urgent loans for bad credit:

  • High loan amounts
  • Easy loan application
  • Well-connected broker
  • Affordable rates
  • Fair repayment terms

Fast Loans Group also offers high loans up to $50000 making it possible to cater for expensive emergencies such as medical procedures. 

6. FastMoney Source - Member of Online Lenders Association

Fast Money Source

FastMoney Source guarantees borrowers the highest loan amounts available in the market, even for individuals seeking urgent loans for bad credit. The company provides loans of up to $50,000 without requiring credit checks, as long as the borrower meets all other qualification criteria. Fast Money Source prioritizes convenience in the loans market, aiming to create a safe and comfortable experience for their customers. 

Here are some reasons to choose Fast Money Source as part of your top lenders for urgent loans for bad credit:

  • Members of online lenders association
  • No need for credit checks
  • Offers high loan amounts
  • Quick access to loans
  • Ease of loan application

FastMoney Source also has a streamlined loan application process and offers comprehensive guidance to borrowers from the very beginning.

7. Heart Paydays - Quickest lender

Heart Payday

If you find it hard to wait around for your loan to be processed, then Heart Paydays is your best option. The company has a reputation for quick loan application and disbursement, making it one of the best options for urgent loans for bad credit. Heart Payday loans also have streamlined processes that make application of loans less complex even to first time borrowers. They have a repayment period of 3 to 24 months.

Below are some benefits of making Heart Paydays one of your priority lenders for urgent loans for bad credit:

  • Streamlined loan application process
  • No credit checks
  • Quick feedback on application
  • Fastest processing times
  • Favorable repayment period

What are urgent loans for bad credit

Urgent loans are also referred to as emergency loans and are quick loans extended to borrowers to cater for their immediate financial needs. Such financial needs might include an unexpected medical emergency, or an expense that needs to be covered by the borrower in the shortest time possible. The urgent loans are not offered by many of the traditional lending institutions such as banks. 

However, there are numerous lenders as discussed earlier, willing to extend their urgent loans for bad credit, to borrowers that meet preset criteria. See our other article for the Best Bad Credit Loans.

Urgent loans for bad credit are characterized by high interest rates that range from 6% to 36% or above, depending on the lender that you choose. The lenders also offer loan amounts that are as low as $200 to as high as $50,000 to cater for the emergency needs of their clients.

How do urgent loans for bad credit work?

In most cases the urgent loans for bad credit comes as a lump sum minus any expenses related to taking out the loan. The borrower is afterwards expected to pay back the loan in installments and at a percentage and amount agreed upon with the lender for the agreed upon period. 

The urgent loans for bad credit work in the following ways:

  • The borrower researches for lenders that offer loans for people with bad credit
  • Once they identify the lender that best meets their financial goals, the borrower makes contact through an online application
  • The lender goes through the application and qualifies candidates according to preset criteria
  • The lender does not focus on credit checks or the credit history of the borrower and other factors such as the borrower’s income levels, and employment status determine whether or not they qualify for an urgent loan
  • The qualified borrower is then contacted for further information by the loan insuring lender and the money is deposited into the borrowers account after an agreement of the terms and conditions of the loan from all parties

It is critical to note that the lender requires borrowers to live to the terms of contract, where the borrower is expected to remit a certain amount every month to clear up the loan. In most cases, failure to clear such loans further hurts the credit score of the borrower and could also lead to legal actions against the borrower

Choosing the right lender for urgent loans for bad credit

When you have bad credit, many lenders will strive to take advantage of the situation and charge exorbitant rates for the loans they extend to you. Carrying out due diligence and proper research on each lender, as we have done for you, is a crucial step to ensuring you get the best deals that will save you from frustrations and debt slavery.  Here are some tips on how you can choose the best lenders for urgent loans with bad credit.

Understand their repayment terms

The repayment terms determine the nature in which you will pay back the amounts borrowed from the lender. The repayment terms should be fair and not lead to debt cycles as you try to get loans to finance already existing loans. Lenders with the most favorable repayment terms should always be your number one choice. Repayment terms are not only on the amount being repaid but also on the method of repayment and the period for repayment of taken loans.

Interest costs of loans

Each lender has a different APR determined by the nature of business and the goals and objectives of the facility. Lenders with a very high APR almost make it impossible for a borrower to clear their loan. It is also recommendable to compare the APR for urgent loans with that of normal loans from financial institutions such as banks, depending on the amount needed and whether you can afford the urgent loan repayment or not. Urgent loans that have a lower APR  are more appealing compared to those with a higher APR on their loans. 

Additional fees

Some urgent loans have hidden and additional fees that increase their overall costs. It is necessary to understand and enquire on all additional charges that are associated with a loan before requesting the loan from the recommended lenders. Origination fees that are high should act as a discouragement from the borrower to take out the loan. In most cases origination and other additional fees are subtracted from the loan before you receive it.

Lender reviews

Numerous sites have reviews on the different lenders and the loan products that they offer their clients., Such reviews are mostly accurate and could be used to determine the most reliable lenders in the market. We have made that simpler for you by providing a list of the lenders we feel will professionally meet your borrowing needs.

Lender’s amortization schedule

The amortization schedule is essential when deciding on the best lender for urgent loans for bad credit. The schedule shows how much money is repaid to the lender based on the principal amounts and also the interest.  Lenders with honest and straightforward amortization schedules are likely the best, when it comes to meeting your financial needs.

Lender’s license

All lenders for urgent loans, despite the channels of operation, are required to be registered and licensed under the Federal Law of the US. A lender that fails to provide their real licensure certificate or registration certificate should be considered as a red flag.

Other factors lenders consider for urgent loans for bad credit

A poor or bad credit score is already a turnoff for most urgent loan lenders in the US. The lenders that offer urgent loans for bad credit likely consider the following factors when determining whether a loan should be approved or not:

  • Bank account statements, and balances for the past several months
  • Income details of the borrower
  • Job and employment status
  • The income levels

How to get an urgent loan for bad credit

Having a poor or bad credit score below 630 points doesn’t not automatically disqualify you from all types of loans. Despite many lenders weighing credit scores heavily on application, the recommended lenders willingly extend their loans to individuals with bad credit. Here are a few tips on how to get a better chance of getting the urgent loans as soon as possible:

Have a co-borrower or cosigner- they increase the chances of qualifying for a loan with bad credit, or getting a better rate for the loan you qualify for. Co-borrowers have access to the funds borrowed while the cosigner does not have such access.  The co-signer or co-borrower are also responsible for the repayment of the loan failure to which they act as guarantors to urgent loans extended to an individual, group or organization.  

Have multiple income streams- your monthly income determines the amount of loan you receive and whether or not you qualify for a loan despite your bad credit. Multiple sources of income are a sign to lenders of an individual that can afford to repay their loans 

Have collateral- having a collateral will be your best bet at getting secured loans even with a bad credit score. Lenders use the value of the collateral as security for loans they give. For example, in an urgent need for some cash for emergencies, one can use their car as collateral to get a loan in the shortest time possible despite having bad credit. We have listed the best title loans here

Alternatives to urgent loans with bad credit

Considering alternatives is not a bad option for an individual requiring urgent loans with bad credit. The alternatives are likely to help prevent further decline in the credit score of the individual and also prevent the individual from getting into a debt trap set by most lenders.  The following are alternatives to urgent loans for bad credit in the USA.

Negotiating payment plans

At times your financial freedom is a phone call away. IT is important to know that you do not have the option of negotiating payment plans before taking out an urgent loan from online lenders. For instance if the urgent bill that needs to be paid can be negotiated with the provider, it is best to do so and create a payment plan. That will help circumnavigate the huge interests associated with urgent loans with bad credit.

Advance paychecks

Most employers allow their employees to get advances from their salaries. IF you are one of such privileged employees, it is better to take a paycheck advance than to take out an urgent loan with bad credit. An advance does not have any accrued interest and is [part of the money that the employer owes you. However, it is necessary to understand that the alternative best works for individuals requiring low amounts of money to cater to their urgent needs

Apply for a 0 percent APR Credit card

Such credit cards are available at their introductory period, usually between 12 and 20 months. Taking advantage of their availability could help you meet your urgent financial needs at the lowest costs possible. 

Borrow from your 401(k)

Saving plans allow savers to borrow some money and use it for whatever purpose as they please.  A 401(k) loan will be a cheaper alternative to urgent loans with bad credit as they are based on your savings.  It is however important to consider the repayment terms of the loan before rushing into it. 

What next?

Identifying the best urgent loans lender for people with bad credit takes time and effort. However, we have made it simpler for you by providing a list of often best lenders to offer you urgent loans with bad credit and at the most favorable terms in the market. 

If you are still interested in applying for one of the loans, follow the instructions provided under each of the lenders and ensure that you are conversant with each of their loan repayment terms and APORs attracted by the type of loan acquired. 

It is also necessary to note that urgent loans for bad credit have high interest rates compared to loans for individuals with good credit. Working on your credit score thus increases your chances of getting better loan offers in times of emergencies. 


Do all urgent loans for bad credit attract high interest rates?

In most cases the lenders for urgent loans for bad credit charge high interest rates to their borrowers. The rationale is that such borrowers risk their resources to extend loans to individuals that have a high probability of failing to pay for such loans. They also lack collateral on loans offered and thus higher interest rates act as cushions to such loans

What is the best APR for an urgent loan for bad credit?

In most cases an APR below 10% could be the best choice for a borrower. However, different lenders have different APRs and in most cases the rates go as high as 36% for unsecured urgent loans for bad credit.  There is therefore no one APR we could recommend as the best. The financial needs and position of the borrower determines their best APRs when taking out urgent loans.

Where can I get an urgent loan for bad credit?

We have provided a list of the best lenders that we feel will best meet your financial needs and at the most affordable rates in the market.  All the lenders in our recommendation make a good source of urgent loans despite your credit status.

Can I get an urgent loan with low income?

It might be possible to get an urgent loan with low-income levels. Some lenders use criteria based on the consistency/steadiness of the income other than the amount. See Here for a list of companies that can offer you a small loan.