Online Loans for Bad Credit or Low Credit Scores
A low credit score shouldn’t be the reason you can’t cover a car repair, a medical bill, or a bill that’s due before your next paycheck. Wise Loan offers online installment loans for bad credit to applicants in our licensed states, with a decision process that looks at more than just your credit score, from $200-$1500, with funding as fast as within an hour after approval.
✓ Credit score is not the only factor, income and ability to repay count
✓ Unsecured: no car, home, or collateral required
✓ On-time payments reported to the credit bureaus
✓ Weekly, biweekly, or monthly schedules to match your pay cycle
What Are Bad Credit Loans?
Bad credit loans are personal loans built for borrowers whose credit history includes late payments, high balances, or a limited credit file. Instead of an automatic denial for a low score, a lender reviewing a bad credit loan application typically weighs your income, your ability to repay, and your banking history alongside your credit report.
Most bad credit loans, including the installment loans Wise Loan offers, are unsecured. That means you don’t put up your car, your home, or any other asset as collateral. You can generally use the funds for whatever you need: covering a utility bill, repairing a car, handling a medical expense, or getting through a gap between paychecks.
What Is Considered Bad Credit?
Lenders use different scoring models, but under the FICO scale:
FICO below 580
FICO 580–669
Thin file, little history
Poor
Fair
Unscored
A low score is often one specific setback: a medical bill, a job loss, a stretch of missed payments since resolved. That’s why we look at current income and repayment ability, not just the number.
Why Borrowers Choose Wise Loan for Bad Credit Loans
Credit isn't everything
We review income, not credit scores.
Credit bureau reporting
On-time payments are reported to help you build or rebuild credit.
No collateral required
Our installment loans are unsecured.
Fast application
Apply online in minutes and get a decision quickly.
Flexible repayment
Choose a payment schedule that fits.
How to Get a Bad Credit Loan
Four easy steps, most of them finished on your phone.
STEP 1
Apply Online
Fill out our secure application with your basic information, income, and banking details.
STEP 2
Get a decision
We’ll review your application and let you know if you’re approved.
STEP 3
Receive your funds
Deposits typically arrive as soon as the same day, depending on approval time and your bank.
STEP 3
Repay on your schedule
Weekly, biweekly, or monthly, depending on your state and pay cycle.
What Should Be Considered When Choosing a Loan for Bad Credit?
Before you apply for any bad credit loan, it’s worth checking a few things:
Repayment terms
Make sure the payment schedule fits your budget and pay frequency.
APR and fees
Ask for the full annual percentage rate, not just a monthly rate, and confirm there are no hidden origination or prepayment fees.
Credit reporting
Confirm whether the lender reports to the credit bureaus. If you’re trying to rebuild credit, this matters.
Licensing
Confirm the lender is licensed to operate in your state, or understand whether you’re dealing with a direct lender or a matching service.
Types of Bad Credit Loans We Offer
At Wise Loan, we offer unsecured loans for bad credit, so you don’t need to provide collateral like a home or car to secure the loan.
Types of bad credit loans include:
Installment Loans
Fixed payments over time rather than one lump sum.
Payday Loans
Fixed payments over time rather than one lump sum.
Personal Loans
For debt consolidation or larger purchases.
Emergency Loans
Our bad credit loans are flexible and can be used for various purposes, including debt consolidation, unexpected expenses, or significant purchases. The key is finding the right loan type that fits your financial situation and goals, and our team is here to help guide you through that process.
Wise Loan offers Bad Credit Loans to Applicants in the Following States
Live Outside of These States?
We’ll match you with an approved out-of-state lender.
Frequently Asked Questions
Are bad credit loans safe?
A bad credit loan from a licensed, direct lender can be a safe option, provided the lender clearly discloses the APR, fees, and repayment terms before you sign. Wise Loan is licensed in the states listed above and discloses all terms before you accept. As with any loan, read your agreement carefully and confirm you can meet the schedule.
Where can I get a loan with bad credit?
You can apply for a bad credit loan with Wise Loan online if you live in Delaware, Idaho, Louisiana, Mississippi, Missouri, South Carolina, Texas, Utah, or Wisconsin. If you live outside of these states, we can refer you to a trusted lender through our out of state lender matching.
How much can I borrow?
Loan amounts depend on your state, income, and repayment ability. Loans can start at $200 and up to $1500.
Will a bad credit loan affect my credit score?
Applying typically involves a soft credit check, which doesn’t affect your score. Once you have a loan, Wise Loan reports your payment activity to the major credit bureaus, so on-time payments may help build your credit over time, while missed payments can have the opposite effect.
When will I receive my funds?
Loans can be approved in 24 hours in most cases.
Is there guaranteed approval?
No. Every application is reviewed individually based on income, banking history, and ability to repay, and approval isn’t guaranteed for any applicant.
Bad Credit Doesn't Have to Keep You Stuck
If you’re in Delaware, Idaho, Louisiana, Mississippi, Missouri, South Carolina, Texas, Utah, or Wisconsin, you can apply for a Wise Loan installment loan online in just a few minutes. We’ll look at your full financial picture, not just your credit score, and let you know where you stand fast.