Bad Credit Loans

A bad credit loan is a type of personal loan made for people with average or low credit. These are usually unsecured personal loans, which means you don’t need to put down any collateral. You repay the loan monthly over several months or years. The rate (APR) might be higher than standard loans, but this kind of loan gives access to people traditional banks might turn away.

We know one number doesn’t define your financial ability. That’s why we’re different from many loan companies. As your online lender, Personify Financial considers your full picture—not just your credit score. You can apply for an online loan in minutes, get a fast decision, and if approved, often get funds the next business day.

Unsecured personal loans — No collateral required.
Loans for bad credit — Designed for borrowers with low or fair credit.
Fast loans — For emergencies, so you can get cash now.
Small personal loans — For bills, rent, medical needs, or car repairs.
All our loans come with fixed monthly payments, clear terms, and no prepayment penalties—so you can pay off early if you’re ready.

• Fill out our simple online application in just minutes.

• Get a decision fast—many people are approved instantly.

• E-sign your agreement securely online.

• Receive money directly to your checking account—usually the next business day.

You can apply for a personal loan using your computer or phone—no branch visits needed.

• Check your credit history and report for errors.

• Decide how much money you truly need.

• Consider how long you’d like to pay it back—longer terms mean lower payments, shorter terms mean less total interest.

• Understand that bad credit loans usually have higher APRs—sometimes into the triple digits—but that’s still often much lower than payday loans.

Banks and credit unions usually require a FICO score of 670 or higher for the best rates. If your score is below that—or if your credit history is thin—you might still qualify for a bad credit loan with Personify because we assess your full situation.

Personal loans, including bad credit loans, have longer terms (up to 48 months), so monthly payments are smaller and predictable. You can also build credit by paying on time .
Payday loans give immediate cash but must be repaid in a few weeks—often with APRs of 300–400% or more. These can trap people in a cycle of debt.
Personify’s loans are more affordable in the long run and easier to manage. Loans found on our Personify platform are unsecured personal loans, and do not require collateral.

• Someone who needs an emergency loan to cover expenses like rent or a car repair.

• A person with fair or poor credit who still wants to get cash now when needed.

• Anyone who wants clear loan terms and fixed monthly payments.

• A borrower who wants to build or rebuild credit by paying on time.

Information from credit reporting bureaus protects both lenders and borrowers. Lenders are able to make informed credit decisions as to their applicants for loans which will have a direct impact on the rates and terms they may offer.

While these loans offer immediate help, improving your credit can bring better options later. You can:

• Pay every bill on time.
  Keep your credit balances low.

• Avoid opening too many new accounts at once.

• Regularly check your credit report and fix errors.

As your credit improves, you can qualify for loans with lower APRs and better terms.