No matter how careful we plan, there is always an unexpected expense that comes up. At times like this fear and panic can set in. When personal loan lenders review your credit score and find collections or past bankruptcies, they may not be interested in offering a personal loan, that is when consumers start searching for lenders that offer loans to consumers with low or bad credit scores. America Loan Service has been providing bad credit loan information to America for many years now. We are the go-to resource for bad credit financial help when all other funding sources are not calling you back.

When the credit score falls below 590, it can be hard to find a quality lender. As long as your credit score is above 550, you can probably get approved if you are in not buried in collections.

Before you apply, read reviews of the top bad credit lenders. Once you understand what you're in for, get your loan offers. Word of warning - you won't get the best interest rates out there. Some people opt to boost their credit scores for free, but if you need the money fast, that's not always an option.

A bad credit loan is an unsecured or secured personal loan that has a higher chance of default because of the applicant's history, low credit score or no credit history.

Traditional lenders are unable to quote on bad credit loans when credit requirements do not meet the minimum credit score ranging from 590 to 640 set by national lending institutions. Lenders like LendingPoint will accept loan applications with a 590 credit score.

Bad Credit Loan Challenges

The most common reason to be denied a bad credit loan is your credit score or credit history has late or delinquent payments. Loan providers complete a soft pull on your credit score, and if it's below their established credit risk, the lender will not proceed with the loan application. Many lenders will not review the loan application past the credit score.

Your credit score is defined as "bad" when it falls below 590. While credit scores can range anywhere from 300 to 900, most people fall somewhere between 650 and 750, which coincides with "fair" to "good" credit. The national average in the USA is sitting at 703.

Here's a table to help you to figure out what type of credit you have:

Excellent Credit Scores: Over 750
Good Credit Scores: 700 to 749
Fair Credit Scores: 590 to 699
Bad Credit Scores: Less than 590

If you have a bad credit score, you're not entirely out of luck. A huge market exists for lenders looking to provide bad credit loans, but there is a pretty strong downside - interest rates range from astronomical to somewhat reasonable options.

So You've Got Bad Credit?

A lot of people have bad or poor credit in the United States. According to Experian's Vantage Score 3.0 data, up to 30% of Americans have bad credit. Converting that to the raw numbers based on the current US population, this equates to over 100 million Americans with bad to fair credit scores. Let's say that if you've got bad credit, you're in a massive club.

Here's the good news: where demand exists, so does supply, and the quantity of bad credit loans is significant, but there is a catch.

When the Banks say NO

If you were to walk into a bank and request a loan for bad credit, nine times out of ten you will be turned down. Traditional banks don't play ball with bad credit borrowers. They follow strict guidelines, and a local lender is not able to step outside of the rules set throughout America.

While traditional banks may say no, online lenders have swept in to fill the void. In recent years, the online lending community has begun to flourish. Bad credit borrowers are providing loans where the traditional banks refuse but remember, "buyer beware" with bad credit loans. If your credit score is below 590, you can expect to pay higher interest rates, only have access to loans under $5,000 and have a shorter repayment term.

Traditional banks are declining bad credit customers for a reason - bad credit equals high risk, and high risk equals higher rates of default and a higher possibility of lenders losing their investment. Even a more significant expense to the big banks is the staff required to try to manage and collect when their customer is unable to repay the loan.

It's apparent that online lenders play by slightly different rules than regular banks. Many don't have real offices. They don't have the expense of customer service employees like traditional lenders. They don't have to pay utilities. In short, they operate with lower overhead.

Online lenders are in a position to provide loans with lower rates, but do they? Even though these online lenders have a competitive advantage and provide convenience, the interest rates that they charge is very high to cover the risk. Yes, you can "get a loan without leaving the comfort of your own home," there is a high price tag on this loan with interest rates exceeding 100% in some cases.

Monthly payments with bad credit

Before applying, figure out your monthly payment with bad credit. Here's how to calculate your monthly payment and what you can expect from a bad credit loan.

With good credit, you can get a loan with about a 5% interest rate right now. On a $1,000 loan, your payment would be roughly $18/month.

That very same $1,000 loan with bad credit would cost you over $26/month! That's over 40% MORE per month. That assumes an interest rate of 20%, and that's on the LOW end with bad credit.

Good news though - Bad credit is temporary. It might feel like it, but it will change in time. If you want to improve your credit score and get out of debt, we've got a great post about it here.

To calculate your monthly payments on a bad credit loan, use the calculator below. Expect interest rates of 20%+ APR.

What will your payment be?

As you know, bad credit loans can have high rates, but just how high are they? Take a look at what your monthly payment would be on a $5,000 loan with bad credit.

Credit Score Interest rate        Monthly payment
Bad credit (<550)   30% $161.77
Fair credit (650-699)   15 $118.95
Good credit (700+)        7 $99.01

As you can see, it's expensive to be poor. With bad credit, you end up paying $161 per month for a $5,000 loan over five years. The very same loan with good credit would cost more like $99 per month.

The total difference in interest over the 5-year term? $6,035. 

Bad Credit Loan Offers

Where to Apply for a Bad Credit Loan

Some of the bad credit loan providers below list that "any credit score can apply" and do not use traditional credit scoring in the application process. The lenders focus on the borrower's employment history and monthly income other than credit score. The private lenders provide smaller loans with shorter terms than standard unsecured personal loans with higher interest rates to offset the risk. In most cases, they will not exceed $1,000.00 without security. 

Access Over 100 Lenders With One Application

ALS Detailed Review

Apply Now 

The America Loan Service online request form connects consumers to hundreds of personal loan lenders at one time with rates starting at 5.99%. The service is designed to connect consumers based on lender credit criteria. 

The process is very simple:

  • Fill out the short form; it is safe and secure
  • See if you are approved in real time from a large network of lenders
  • Check your bank account to see if the money arrived as early as the next business day if you are approved

Quick Snapshot

  • Loan Amounts: $1000 to $35,000 
  • Credit Score:  580+
  • APR:  See ALS Detailed Review for up to date APR information
  • Terms:  3 to 36 months
  • Fees: Vary by the lender

The lenders will review your request quickly to determine whether your information meets the lender's loan qualification criteria. You will receive notice within a few minutes if there is a lender interested in discussing a loan. Loans are funded within 1-5 business days depending on the lender and if they have all the information required to fund.

If a lender is satisfied with all of the information with your request and has decided to offer you a loan, you will be directed to the lender's website. At this point, you will leave America Loan Service, and we recommend that you review the terms and conditions of the lender. Take your time to go through all of the information from the loan provider. We recommend that you ask every question to be sure you fully understand the loan. The lender should explain the following information:

  • Loan amount offered
  • Finance charge and fees
  • Annual percentage rate (APR)
  • Loan term
  • Payment schedule 

Unsecured Personal Loan from $500 to $5,000

Any Credit Score Can Request A Loan

Bad Credit Loans Detailed Review

Not available in the following states:

  • AR, AZ, CT, GA, MA, MD, ME, NC, NJ, NY, PA, VT, WV
  • Interest rates from 5.99% to 35.99% although rates can be higher
  • Loans from $500 to $5,000
  • Bad Credit loans is not a lender. They will attempt to find a lender that matches your credit score and ability to pay

Opploans

Any Credit Score Can Request A Loan

OppLoans Detailed Review

When you have poor to bad credit and are trapped in a payday loan or title loan

Interest rates from 99% to 199%

OppLoans offers installment loans in 26 states and a line of credit in 3 states


Alabama Florida Michigan Nevada South Carolina Idaho
Arizona Illinois Mississippi Ohio Utah Line of Credit
Alaska Georgia Minnesota New Mexico Texas Kansas
California Indiana Missouri Oklahoma Wisconsin Tennessee
Delaware Kentucky Nebraska Oregon Wyoming Virginia

Key points of an installment loan:

  • Set number of monthly payments that lowers the principal with every payment
    • When this loan is paid in full, it will improve your credit score if all payments are made on time 

      OppLoans reports to:

    • Transunion
    • Equifax
    • Experian
  • While the interest rates are high, you will pay off the payday loan
  • No risk of losing your car
  • No collateral required 

LendingPoint Detailed Review

Apply Now with LendingPoint

Quick Snapshot

  • Loan Amounts: $2000 to $25,000 
  • Credit Score: 590+
  • APR:   See LendingPoint Detailed Review for up to date APR information
  • Terms:  2 to 5 years
  • Fees: Origination fees range from 0 to 6%
  • Check this out for a bad credit option
  • The company specializes in fair credit loans starting at 590+.  
    • Soft Pull only to start
    • Was established in 2014 offering personal loans throughout America. The company is based in Kennesaw Georgia and has an A+ rating with the BBB


Freedomplus Detailed Review

Apply Now with Freedomplus

Quick Snapshot

  • Loan Amounts:  $10,000 to $40,000 
  • Credit Score:  Co-signer credit score 670+
  • Interest rates decrease with a qualified Co-signer or a retirement fund with a minimum of $40,000
  • APR:  See Freedomplus Detailed Review for up to date APR information
  • Terms:  2 to 5 years
  • Fees:  Origination fees range from 0 to 5%
  • Check out Freedomplus with a co-signer
    • Offering co-signer loans
    • Minimum income of $30,000 to apply
    • Soft Pull only to start
    • Debt to income of 40%

Any Credit Score Can Apply

  • Loans $500 to $10,000
  • CashUSA is not a lender. They connect consumers to a lender in their network
  • Loans available from 3 months to 72 months. Short terms loans will have higher interest rates
  • Not available in the following states:
  • AR, AZ, CT, GA, MA, MD, ME, NC, NJ, NY, PA, VT, WV
  • The APR on a personal loan from the network of lenders varies, with many lenders offering rates of 5.99% to 35.99% and loan durations between 90 days to 72 months, although the terms of your specific loan may differ depending on your qualification.
  • Additional fees vary by lender

 


SignatureLoan.com

  • Any Credit Score Can Apply
  • Loans $500 to $35,000
  • SignatureLoan is not a lender. They connect consumers to a lender in their network
  • Loans available from 3 months to 72 months. Short terms loans will have higher interest rates
  • Not available in the following states:
  • AR, AZ, CT, GA, MA, MD, ME, NC, NJ, NY, PA, VT, WV
  • The APR on a personal loan from the network of lenders varies, with many lenders offering rates of 5.99% to 35.99% and loan durations between 90 days to 72 months, although the terms of your specific loan may differ depending on your qualification.
  • Additional fees vary by lender

 


  • Loan from $100 to $1000 | This is a Payday Loan
  • CashAdvance is not a lender. They connect consumers to a lender in their network.
  • Loans available from 90 days to 72 months. Short terms loans will have higher interest rates
  • Not available in the following states:
  • AR, AZ, CT, GA, MA, MD, ME, NC, NJ, NY, PA, VT, WV
  • Additional fees vary by lender

 


Payday Alternative Loans (PAL's)

The credit unions have developed a program called PAL's to help people stuck in revolving payday loans. The credit union will want you to become a member for a few months before this program can be implemented. 

PAL's features:

  • Loan amounts $200 to $1,000.
  • Must be a credit union member for one month
  • Loan terms range from 1 to 6 months
  • There may be a fee for setting up the application of $20.00
  • Contact your local credit union to get some help.

What is the Concern of a Bad Credit Loan?

Credit Score

Will the borrower makes payments on time and will the lender get their money back? Is the lender's profit worth the risk of trying to collect?

  • The credit score is lower than accepted by lenders 
  • The credit score below 590

No Credit History

Just starting in your life, heading off to college, university or your first job

  • No credit history is an issue when starting in your career and applying for the first loan or credit card
  • Not had time to establish a credit history

Credit History

Time creates a credit history. Making payments on time month after month

  • Credit history demonstrates if the borrower makes their payments on time
  • Your credit score has dropped from nonpayment
  • Loan or credit cards have gone to collections
  • Vehicle or other asset repossessed
  • Missed credit card payments, may have gone to collections

High Debt to Income Ratio

Can you manage another payment with the debt you already have?

  • Debt to income is monthly income before taxes divided by your monthly payments.
  • If the debt to income percentage is above 50%, lenders are concerned that your income cannot support the loan payment

Employment

Lenders are looking for long-term  stability

  • The lender will review current work history
  • May request pay stubs for proof of employment

Debt Relief and Debt Settlement

Take a look at debt relief and debt settlement before you take the step of more loans. Bad credit loan providers traditionally cap their loans at $5,000.00 but do expect these loans to be anything more than a larger dressed up payday loan. In the end, you will be trapped and a bit further in debt. So what is the answer? 

Help and Advice on Debt Settlement Services, Debt Management, and Debt Negotiation

Credit Score's Can Improve

Just because you have bad credit today does not mean you have to stay in this position. With discipline, you can raise your credit score over time if you can stay focused on a few key items. If you require help with getting organized, Novita is a great choice to start the process of getting your credit score back in order.

Once your credit score increases, you should expect an improved interest rate, better loan terms and access to the best credit card services with fair interest rates.

By starting to pay all of your debts on time, you will start to pull yourself out of the bad credit category. There are three credit bureaus that provide credit reporting; they are Equifax, TransUnion, and Experian. This group of credit bureaus offers a free service called Aunnualcreditreport.com where you can get a free copy of your credit report every 12 months from each credit reporting company. Once you have received this information, you will start to have a better understanding of what these reports look like and what information your creditors are reporting your credit history to the lenders.

Your credit score is your financial report card showing the history of payments like credit lines, secured and unsecured loans, mortgage and credit card information.

Secured Credit Card

You see many credit cards advertised with travel miles, cash incentives and rewards. When you have bad credit, you're looking for solutions to pay off the credit cards you already hold, the lowest interest rate available and which credit card to cancel first. This is usually a simple process of which one has the highest interest rate and how fast can you pay it off. Try to keep your oldest credit card whenever possible. Your oldest credit card will help your credit score with your length of credit history..

If you are in a position where you cannot get a credit card, a secured credit card may be a good solution to help build your credit score. This card requires a cash collateral deposit that serves as a credit line for the account. The credit card provider will report your payment history to the credit reporting agencies. This will allow you to rebuild or improve your credit score if payments are made on time and by keeping the balances low about the credit limits. Most credit card companies will review your account starting at approximately six to eight months to see if we can transition you to an unsecured line of credit.

Balance Transfer Credit Card

If you have fair credit and considering debt consolidation, a 0% balance transfer credit card is a quick way to clear high-interest expense instead of taking out a personal loan and paying interest now.

Secured Loans

Secured Loan Types

• When you take out a Mortgage, the home becomes the collateral or security for the mortgage. If the borrower defaults on the agreed upon monthly payment, the mortgage provider can place the home into foreclosure and the borrower would lose their home

Auto Loans are also secured loans. Like a mortgage, the car becomes the collateral or security for the loan. If the borrower defaults on the monthly payments, the car can be repossessed by the lender

• A car title loan or auto refinancing is also a secured loan. If the borrower owns a vehicle that you have paid off or has some value or equity that a lender can use as collateral or security, the title loan or auto refinancing is secured against the cash or equity you have built up in the vehicle. There are a lot of very unreputable providers in the title loan industry. Be very careful with title loans, some loan providers want you to default so they can take your car and resell it

• A secured credit card is a secured loan. The credit card company will require the borrower to place cash on the credit card and that cash becomes the collateral or security and guarantees the loan. Credit card providers offer secured credit cards for people trying to rebuild their credit score. For anyone struggling with improving your credit, a secured credit card is a positive step in the right direction to improving your credit score 

Benefits of Secured Loans

If you can take out a secured loan, there are many benefits to going this route with the biggest one being lower interest rates. When you secure the loan with your home or auto, you are taking all the risk and should get an excellent interest rate as well as the terms of your desire. The term may be a 5-10-15 year loan term, "whatever you want" should be the lender's response.
The banks will normally look at a 65% to 80% appraised loan to value to determine what amount of secured loan they are willing to offer.

Example of an 80% loan to value loan: Home is valued at $400,000 and you have a mortgage of $200,000, you want to borrower $100,000 against the property. The bank hires an appraisal and the property is appraised at $400,000.

If you have a great credit rating, the lender may approve 80% of the value or $320,000 as the risk they are willing to take with the property.
The bank believes they can sell your home for a minimum of $320,000 to get their money back in case of default. The bank is willing to loan you $120,000 based on an 80% appraised value. If the bank is forced to foreclose on your home, they place the property on the market and try to get at least what is owed to them plus legal and any fees that were related to the sale. 

Secured loan example with bad/poor credit. The lender is only willing to risk 65% loan to value. The bank reviews your credit history and believes that you are a higher risk of default on the loan. Like our last example, the home is appraised at $400,000 and you have a mortgage already for $200,000 and you are looking for $100,000. A 65% loan to value is $260,000. With your existing $200,000 mortgage this lender would offer you a $60,000 loan against your property. With the $400,000 appraisal, the lender feels secure that they can sell your property for close to $400,00 and get their money back.
As you can see by both examples, there is very little risk for the lender. If you have great credit, demand an excellent rate and the terms you expect.
This final percentage range will be determined on your credit score and credit history as to how much risk they are willing to take with every person applying. If you have very bad credit, some lenders will not offer you any loan amount regardless of your equity leaving you in position to sell your home to get access to your capital.
If you have applied for an unsecured loan already, you should expect the unsecured loan to be at a higher interest rate unless your credit score is excellent.
Like any other loan, if the payments are made on time and the loan is paid off in full, a secured loan with improving your credit score and build your credit history.
Most secured loans are taken out for home improvement renovations on the property you're using for collateral. This is a wise method of financing home improvements and increasing the value of your existing property.
Make sure to work with the lender on your debt to equity ratio. Most banks will allow 32-35% as their debt to equity ratio (DTI). If you are unsure of your DTI, this calculator will help you calculate your DTI.
Make sure you feel comfortable taking on this additional debt. Think about holidays, emergencies and all types of surprises that life always throws your way before adding on more monthly debt.

If you have accumulated debt with high-interest credit cards, bad stock purchases, medical bills, weddings, student loans or any other expense that has come up, using the equity in your home is a great way to apply for debt consolidation.

Negative Side of a Secured loan
There can be is a large cost to setting up a secured home loan. When a borrower takes out your original mortgage, you paid fees to have the property appraised, legal fees for setting up the mortgage as well as disbursement and registry fees. (I think they make some of these up)
The loan type can be a home equity line of credit (HELOC) which is simply a revolving credit line that you can draw against or a home equity loan that should really be called a second mortgage. Both have their advantages.
A revolving line or HELOC has fewer fees to set up and you only pay interest for the first 10-15 years depending on what you negotiate for repayment terms. This again can be very good or bad depending on your ability to manage debt.
A home equity loan provides a set payment structure and the fees to set up will be very close to the same cost as when you bought the house for legal and appraisal. If you are concerned with your ability to manage money, the home equity loan may be your best way to go. The loan is fixed with a lower interest rate and paid off over the next 10 years. With a HELOC, you could be just starting to pay the principal in 10-15 years
When you take out a secured loan, you increase the risk of losing your home if you default on the loan. With an unsecured loan, you will pay a higher interest rate, but they cannot take your property. Also, consider this, if you take out a $100,000 unsecured personal loan, a bank can take you to court, and force you into bankruptcy at which time they will sell your home to pay off your debt. Regardless of how you borrower, repayment is key.

Auto Loan and Auto Loan Refinancing

If you have a vehicle that is paid off or has considerable value, you can look at auto loan refinancing.  This type of refinance becomes a secured loan when using your vehicle as collateral. When you use your vehicle as collateral, you are offering the loan provider a great deal of security, and you should be able to get a good interest rate on the loan your applying for.  

Staying Away From Payday Loans

There is still only one solution with bad credit, and that is repairing your credit score before you attempt to borrow more money. The last thing people want is advice on how to fix their credit score in their time of need. Credit repair takes time, and consumers are looking to buy groceries and pay rent? They are applying at dozens of lenders at a time trying to get through to their next paycheck. Payday and high-interest installment loan providers step in and take advantage of people when they are desperate. There are a few lenders that are not charging payday loan rates.

Debt Management

For most Americans, debt is a part of life and helps us with important investments like improving our education or purchasing a home. Household debt in America has continued to rise for the 16th straight quarter with no sign of change, and many Americans are already struggling to make their student loan, credit card and mortgage payments.

Here are a few budgeting tips before you make your next purchase:

Let's build it ourselves

Youtube has changed the world for making all sorts of furniture, repairing things yourself or completing a construction project. You can save thousands of dollars if you give it a try. 

Swap it

My daughter has become a pro at this. They trade things with their friends and neighbors. They get together with a large group, and everyone brings items that they do not want any longer. It can be clothes, furniture, dishes, artwork, and the list goes on. It is like an old style swap meet, but its all about trading or swapping. This is also a great way to clear out the garage and declutter the house.  

Can we live without it or can we wait for a sale?

How many times have you purchased something and realized you bought it without really thinking about what you were doing or why you were even buying it? We are all guilty of using shopping to cover up for some feeling that is not quite sitting right inside, and we use shopping as a distraction. 

A simple solution for buying over feelings is to wait. Yes wait for one or two days and walk away until you can get yourself grounded in your thinking and figure out why you're buying any item that you may not need. If you do decide to purchase the item after you've taken some time, now you can look online and start hunting for a sale before making the final purchase.

Thrift stores

Thrift stores are becoming a fun way to spend an afternoon with friends to go digging through second-hand items. Children clothes, baby furniture, and toys are one of the best items to find second hand. Many stores are now specializing in second-hand items like skates and sporting equipment. Charities like Habitat for Humanities have excellent furniture and building supplies with excellent prices. 

Can we ask someone to loan it to us? 

If you are working on a construction project, building a craft, going on a road trip, is there anyone you can borrow a tool, craft supplies or a car for a trip? Tools are expensive, and they sit forever on the shelf and only get used a few times a year. Many families have two cars and can loan you one for a short time. Make sure to tell them to come to borrow someone from you when they need something for a short time.   

Skip one item

Purchasing a coffee thermos could save you over $1200 per year. Sounds crazy right? If you purchase a Starbucks every day for work, this cash can be in your pocket. Love your Starbucks, we understand. How about skip eating out for a few months and start cooking at home. Something has to give, and you decide what that item is your willing to skip

Bad Credit Loans Monthly Payments

If you are applying for a bad credit loan, you already understand how difficult life becomes after you have damaged your credit rating. The monthly payments of your bad credit loan should be your first priority when considering a bad credit loan.

Bad Credit Loan Terms

When you are working on calculating your monthly payment on a bad credit loan, the rules with bad credit loans are a bit different from traditional unsecured personal loans. Lender review repayment history and your credit score and these items are very typical for bad credit loans

  • The repayment terms are under 36 months
  • The interest rate is over 15%.
  • Most bad credit loans are capped at $5000

Estimate Payments

Extending the term of a loan will lower your monthly payment. you can see in this example of the amount of interest paid for this $5,000 loan.

  • If you are taking out a $5,000 loan at 15% interest over 12 months, your monthly payment will be $451.29/month you will only spend $415.50 in interest payments
  • If you are taking out a $5,000 loan at 15% interest over 36 months, your monthly payment will be $173.33/month and you will spend $1,239.76 in interest payments

This decision on the monthly payment should come from reviewing your current monthly debt load to see if you can manage another monthly payment. This simple debt to income calculator will help you see if you can manage additional debt. Try to keep your debt to income below 50%. When you apply for your loan, this is what the lenders are calculating, can this borrower afford the monthly payment?

Installment Loans for Bad Credit

An installment loan is a nice way of saying that you agree to make a fixed monthly payment over the set length of the loan term. The word installment from a financial definition means a sum of money due as several equal payments spread over an agreed upon time period.

Monthly Installment Loans for Bad Credit

Once you apply for a monthly installment loan for bad credit, the lender will review your credit score, annual income and review your debt in comparison to your income to calculate the amount they can offer you, the term you may qualify for and the interest rate they are willing to offer.

The first step will be to find out what your current credit score is today. Once you have determined your score, you will know if you are applying for a bad credit loan or a personal loan with good to great credit. 

There are lots of installment loan providers online that may be a bit more flexible and we have many listed above for you to review. A rule that you will want to consider when applying for a bad credit installment loan is to apply for less than $1,000 if your credit score is below 580.

If you need more than $1,000, we recommend working on your credit score first, then reapplying again after you have seen some improvement. A few simple ideas will increase your credit score very quickly.

Installment Loans Bad Credit

If you have checked your credit score and know that you have bad credit, you need to consider a few things before applying for an installment loan specifically for bad credit. 

  1. Have you already applied everywhere? If you have, you need to stop applying. Every time you apply, all of the lenders know that you have applied multiple times. Lenders need to know this information in case of fraud. If lenders were unaware of people applying 25 times and getting money from 25 lenders at the same time, they would be an issue. Stop applying and work on whatever the issues are with your credit score or current work situation
  2. Do you have collections? If you have collections, best to deal with the collections agency before applying. Your credit score will display the details of the collections, and it will show you are in default. Lenders look at this as a bad credit high-risk loan and may not be interested in lending to you.
  3. Do you have late payments or default? Make sure to get up to date on any late payments. If this is your first time being late, contact the lender and ask them if they will remove the late charge on your credit score. They may only do this once, so do not make it a habit.
  4. Maxed out credit cards? If your credit card is maxed out and you are paying a high-interest rate, contact the same credit card company and ask if they have a low-interest credit card with no rewards or points. You only want a lower interest rate to increase your ability to make a payment against this card every month. 

If you want a loan for more than $1,000 with bad credit, you need to check off these points before applying for a loan. 

Debt Consolidation Loan Bad Credit From a Direct Lender

America Loan Service works with hundreds of direct lenders that offer bad credit loans for every situation including debt consolidation. We are contacted by consumers every day asking if they can speak directly to the lenders so they can explain what happened to them and how they got into their current situation. 

In most cases, online lenders work through companies like America Loan Service to process leads on their behalf, and the direct lenders focus on underwriting the loans. 

Direct lenders are processing credit applications and searching credit history, employment history to confirm if they can provide loans to thousands of people. The people that manage this process are normally called underwriters. Underwriters analyze risk factors on behalf of the banks, credit unions, and direct lenders. The underwriter's career success rate is based on offering loans that are repaid on time and in full. 

The purpose of a debt consolidation loan is to pool all loans, credit cards, and any other debt together under one loan and hopefully find a loan with a lower interest rate.

An unsecured bad credit loan is normally capped at $5,000 with a higher interest rate and shorter repayment term. All three of these conditions cause a problem with debt consolidation. 

Bad Credit Loan Alabama

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit is slightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Alabama

Payday loans are legal in Alabama

Loan Term
Max Loan: $500
Loan Term: 10-31 days
Maximum Finance Rate | Fees: 17.50% | 3%/month after default
Finance Charge for 14-day $100 loan = $17.50
APR for 14-day $100 loan = 456.25%

Debt Limit
Maximum Number of Outstanding Loans at One Time: None (max $ amount of loans at one time: $500)
Rollovers Permitted: One (rollover)
Cooling-off Period: Next business day after two continuous loans repaid
Repayment Plan: Yes (Four equal monthly installments)

Collection Limit:
Collection Fees: One $30 NSF fee; Court Costs; Reasonable Attorney's Fees up to 15% of face amount of check
Criminal Action: Prohibited (Unless check returned due to closed account)

Consumer Financial Protection Bureau | submit a complaint

Bad Credit Loan in Alaska 

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit slightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Alaska

Loan Term:
Max Loan: $500
Loan Term: Min of 14 days
Maximum Finance Rate and Fees: $ five + the lesser of $15 per $100 or 15%
Finance Charge for 14-day $100 loan = $20
APR for 14-day $100 loan = 520%

Debt Limit
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Two (renewals)

Cooling-off Period
Repayment Plan: Yes (Up to 6 months; no extra fees; must pay 5% of balance due when plan signed.)

Collection Limit
Collection Fees: $30 NSF fee; Court costs of up to $700 over the amount of the payment (if disclosed in loan agreement) 

ALASKA DIVISION OF BANKING AND SECURITIES COMPLAINT FORM

Bad Credit Loans In Arkansas

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit slightly damaged
  • Credit score starting at 590+ to apply

Payday Loans In Arkansas

Payday loans are prohibited

Arkansas Department of Financial Institutions Complaint Form

Bad Credit Loans In Arizona

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit slightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Arizona

Prohibited in AZ

Small Loan Rate Cap:
36% per year plus 5% fee

Arizona Department of Financial Institutions Complaint Form

Bad Credit Loan California

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit slightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan California

Loan Term

Max Loan = $255 if maximum fee charged ($300 maximum check)
Loan Term: Max: 31 days
Maximum Finance Rate and Fees = 15% of the check
Finance Charge for 14-day $100 loan = $17.65
APR for 14-day $100 loan = 459%

Debt Limit
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (extension fees cannot be charged)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees can be charged in conjunction with repayment extension)

Collection Limit
Collection Fees: $15 NSF fee
Criminal Action: Prohibited

Consumer Financial Protection Bureau | submit a complaint

Bad Credit Loan Colorado

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

Payday Loan Colorado

Loan Term:
Maximum Loan: $500
Loan Term:Min: 6 Months
Maximum Finance Rate and Fees: 20%: $0-$300 + 7.5%: $301-$500 plus 45% per annum interest plus monthly maintenance fee $7.50 per $100 borrowed, up to $30, after the first month.
Finance Charge for 14-day $100 loan: Not applicable
APR for 14-day $100 loan: Not applicable

Debt Limit:
Maximum Number of Outstanding Loans at One Time: No limit if total debt does not exceed $500 and 30-days between loans
Rollovers Permitted: One renewal at 45% interest allowed.

Collection Limit:
Collection Fees: One $25 NSF fee; Court Costs; Reasonable Attorney's Fees not to exceed the loan amount
Criminal Action: Prohibited (Unless the consumer's account was closed before the agreed upon negotiation date)

Submit a Complaint to the Consumer Financial Protection Bureau

Bad Credit Loan Connecticut

No bad credit lenders operating in the state

Payday Loan Connecticut

Prohibited

Connecticut Financial Institutions Complaint Form

Bad Credit Loan Delaware

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit slightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high-interest rates

Payday Loan Delaware

Loan Terms:
Maximum Loan Amount: $1,000
Loan Term: Less than 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limiting

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Limit of five loans from all licensees in the 12 months.
Rollovers Permitted: Four (rollovers)
Repayment Plan: Voluntary workout agreements. Equal installments, minimum 90 days, no fees or interest

Collection Limit:
Collection Fees: One fee for nonpayment if the contract so provides, not to exceed 5% of the payment amount. Attorney fees and court costs
Criminal Action: Prohibited

STATE OF DELAWARE OFFICE OF THE STATE BANK COMMISSIONER COMPLAINT FORM

Bad Credit Loan Florida

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Florida

Loan Term
Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% of check + verification fee not to exceed $5
Finance Charge for 14-day $100 loan = $16.11
APR for 14-day $100 loan = 419%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes. Grace period extends term 60 days, no additional charge. Credit counseling required.

Collection Limit:
Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages
Criminal Action: Prohibited

Florida Office of Financial Regulation CONSUMER COMPLAINT FORM

Bad Credit Loan Georgia

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Georgia

Prohibited

Georgia Financial Institutions Complaint Form

Bad Credit Loan Hawaii

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high-interest rates

Payday Loan Hawaii

Loan Term:
Maximum Loan Amount: $600 face amount of check
Loan Term:Max: 32 days
Maximum Finance Rate and Fees: 15% of the check
Finance Charge for 14-day $100 loan = $17.65
APR for 14-day $100 loan = 459%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance or consolidate)

Collection Limit:
Collection Fees: $20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages
Criminal Action: Prohibited

Hawaii Financial Institutions Complaint Form

Bad Credit Loan Idaho

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high-interest rates

Payday Loan Idaho

Loan Term:
Maximum Loan Amount: $1000. The loan cannot exceed 25% of gross monthly income of the borrower.
Loan Term: Not Specified
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan = No limit provided
APR for 14-day $100 loan = No Limit

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Three (renewals)
Repayment Plan: Yes. Available once in 12 months. At least four equal payments over at least 60 days, no fees.

Collection Limit:
Collection Fees: $20 NSF fee. Limit of two electronic presentments of borrower’s check
Criminal Action: Prohibited

Idaho Department of Finance Complaint Form

Bad Credit Loan Illinois

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Illinois

Loan Term:
Maximum Loan Amount: Lesser of $1000 or 25% gross monthly income. Payday installment loan lesser of 22.5% gross monthly income or $1,000.
Loan Term:13 to 120 days. Payday installment loans 112 to 180-day terms.
Maximum Finance Rate and Fees:$15.50 per $100, plus a $1 verification fee
Finance Charge for 14-day $100 loan =$15.50
APR for 14-day $100 loan =403%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot rollover). A payday installment loan can be refinanced one time during the term.
Cooling-off Period: 7 days after 45 consecutive loan days. Payday installment loan max 180 days in debt.
Repayment Plan: Yes. After 35 days, if payday loan unpaid, right to at least 55 days to repay in installments with no added cost.

Collection Limit:
Collection Fees: One $25 NSF fee (Presentment limit = 2)
Criminal Action: Prohibited

Illinois Department of Finance Complaint Form

Bad Credit Loan Indiana

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Indiana

Loan Term
Maximum Loan Amount: $550 (not to exceed 20% of borrower's monthly gross income)
Loan Term:Min: 14 days
Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500
Finance Charge for 14-day $100 loan = $15
APR for 14-day $100 loan = 390%

Debt Limit
Maximum Number of Outstanding Loans at One Time: One per lender; Two total
Rollovers Permitted: None (cannot renew, repay, refinance or consolidate)
Cooling-off Period: 7 days after six consecutive loans
Repayment Plan: After three consecutive loans, the lender must offer an extended payment plan of at least four equal installments over at least 60 days at no additional cost

Collection Limit
Collection Fees: One $25 NSF fee. May present check or attempt to debit account up to three times.
Criminal Action: Prohibited

Submit a Complaint to the Consumer Financial Protection Bureau

Bad Credit Loan Iowa

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

Payday Loan Iowa

Loan Term:
Maximum Loan Amount:$500
Loan Term:Max: 31 days
Maximum Finance Rate and Fees: $15: $0-$100 on the face amount of check; $10 per $100 after that
Finance Charge for 14-day $100 loan = $16.67
APR for 14-day $100 loan = 433%

Debt Limit
Maximum Number of Outstanding Loans at One Time: Two, $500 total debt
Rollovers Permitted: None (cannot repay, refinance or consolidate)

Collection Limit

Collection Fees: One $15 NSF fee (exclusive remedy)
Criminal Action: Not Specified

Iowa State Basic Contact Form 

Bad Credit Loan Kansas

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high-interest rates

Payday Loan Kansas

Loan Term:
Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: 15% of the loan
Finance Charge for 14-day $100 loan = $15
APR for 14-day $100 loan = 390%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Two. May not make more than three loans to a borrower within 30 day period.
Rollovers Permitted: No

Collection Limit:

Collection Fees: One NSF fee
Criminal Action: Prohibited

Submit a Complaint to the Consumer Financial Protection Bureau

Bad Credit Loan Kentucky

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Kentucky

Loan Term:
Maximum Loan Amount: $500
Loan Term: 14-60 days
Maximum Finance Rate and Fees: $15 per $100 on the face value of check + $1 database fee
Finance Charge for 14-day $100 loan = $17.65
APR for 14-day $100 loan = 459%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Two ($500 aggregate loans outstanding to all licensees)
Rollovers Permitted: None (cannot renew, rollover, or consolidate for a fee)
Cooling-off Period: None

Collection Limit:

Collection Fees: One NSF fee (if disclosed)is
Criminal Action: Prohibited

Submit a Complaint to the Consumer Financial Protection Bureau

Bad Credit Loan Louisiana

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Louisiana

Loan Term:
Maximum Loan Amount: $350
Loan Term: 60 days or less
Maximum Finance Rate and Fees: 16.75% of face value of the check, + $10 documentation fee (After default: months 1-12: 36% per year; months 13 and beyond: 18% per year)
Finance Charge for 14-day $100 loan:$30
APR for 14-day $100 loan: 780%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot renew or roll over but the licensee may accept partial payment of 25% of amount advanced plus fees and enter into new loan)
Repayment Plan: Yes, once in 12 months. Four equal installments, no fees or interest.

Collection Limit:
Collection Fees: One NSF fee of actual bank charge (if disclosed) + the greater of $25 or 5% of the check (if disclosed); Court Costs; Reasonable 
Criminal Action: Prohibited

STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS COMPLAINT FORM

Bad Credit Loan Maine

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Small Loan Rate Cap
30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 minimum charge for amounts financed of $75.01-$249.99; or $25 for amounts financed of $250 or more.

Payday Loan Maine

Small Loan Rate Cap
30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 minimum charge for amounts funded of $75.01-$249.99; or $25 for quantities financed of $250 or more.

State of Maine Bureau of Consumer Credit Protection Confidential Complaint Form

Bad Credit Loan Maryland

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

State interest rates in Maryland

Payday Loan Maryland

Prohibited

File a Complaint in Maryland

Bad Credit Loan Massachusetts

No bad credit loan providers were operating in the state.

Small Loan Rate Cap: 23% plus $20 administrative fee upon the granting of a loan

Payday Loan Massachusetts

Prohibited

Financial Product or Service Banking Complaints

Bad Credit Loan Michigan

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Michigan

Loan Term:
Maximum Loan Amount: $600
Loan Term:Max: 31 days
Maximum Finance Rate and Fees: 15% of first $100, 14% of second $100, 13% of third $100, 12% of fourth $100, 11% of fifth $100, 11% of sixth $100 + any database verification fee
Finance Charge for 14-day $100 loan = $15
APR for 14-day $100 loan = 390%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Two, only one with the same lender.
Rollovers Permitted: None (cannot renew; lender may extend only if it does not charge a fee)
Repayment Plan: Yes

Collection Limits:
Collection Fees: One $25 NSF fee
Criminal Action: Prohibited

Michigan Financial Complaints Services

Bad Credit Loan Minnesota

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Minnesota

Loan Term:
Maximum Loan Amount: $350
Loan Term:Max: 30 days
Maximum Finance Rate and Fees: $5.50: $0-$50; 10%+$5: $51-$100; 7% (min. $10) + $5: $101-$250; 6% (min. $17.50) + $5: $251-$350 (After default: 2.75% per month)
Finance Charge for 14-day $100 loan = $15
APR for 14-day $100 loan = 390%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot repay with proceeds of another loan by the same lender)

Collection Limit:

Collection Fees: $30 NSF fee

Missesota Commerce Department Complaints

Bad Credit Loan Mississippi

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Mississippi

Loan Term:
Maximum Loan Amount: $500 face value of the check
Loan Term: Under $250: Maximum of 30 days; $250-$500: 28-30 days
Maximum Finance Rate and Fees: Under $250: $20 per $100 advanced; $250-500: $21.95 per $100 advanced
Finance Charge for 14-day $100 loan = $20
APR for 14-day $100 loan = 520%

Debt Limit:
Maximum Number of Outstanding Loans at One Time: Not Specified. Maximum $500 in one or more checks.
Rollovers Permitted: None (cannot renew or otherwise extend)
Repayment Plan: Voluntary

Collection Limit:
Collection Fees: $30 NSF fee; Court-awarded fees (if disclosed)
Criminal Action: Prohibited (When check returned due to NSF)

Mississippi Department of Banking and Consumer Finance Complaints

Bad Credit Loan Missouri

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Missouri

Loan Term
Maximum Loan Amount:$500
Loan Term:14-31 days
Maximum Finance Rate and Fees: Not Specified (No borrower shall be required to pay a total amount of accumulated interest and fees more than 75% of the initial loan amount on any single authorized loan for the entire loan term and all authorized renewals. Otherwise, interest is set according to small loan law which provides that parties may set rate by contract.)
Finance Charge for 14-day $100 loan = $75
APR for 14-day $100 loan = 1950%

Debt Limit
Maximum Number of Outstanding Loans at One Time: No more than $500 to anyone lender at one time
Rollovers Permitted: Six (borrower must reduce the principal amount of loan by 5% or more upon each renewal)
Collection Limit
Collection Fees: NSF fee; Collection costs (including court costs and reasonable attorney's fees) Licensee cannot use a series of ACH transactions to collect a single check.
Criminal Action: Prohibited (Unless check returned due to a closed account or stop-payment by maker)

Missouri Division of Finance Complaint Form

Bad Credit Loan Montana 

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Montana

Loan Term:
Maximum Loan Amount: $300, up to 25% of monthly net income of the borrower
Loan Term:Max: 31 days
Maximum Finance Rate and Fees = 36% APR
Finance Charge for 14-day $100 loan = $1.39

Debt Limit
Rollovers Permitted: No.

Collection Limit

Collection Fees: One $30 NSF fee
Criminal Action: Prohibited

DIVISION OF BANKING AND FINANCIAL INSTITUTIONS COMPLAINT INFORMATION

Bad Credit Loan Nebraska

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Nebraska

Loan Term
Maximum Loan Amount: $500
Loan Term:Max: 34 days
Maximum Finance Rate and Fees :$15 per $100 or pro rata for any part thereof on the amount of check
Finance Charge for 14-day $100 loan = $17.65
APR for 14-day $100 loan = 459%

Debt Limit
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance, consolidate)

Collection Limit

Collection Fees: $15 NSF fee
Consumer Financial Protection Bureau

Bad Credit Loan Nevada

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 
  • OppLoans ranging from $1,000 to $5,000 
  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Nevada

Loan Terms
Maximum Loan Amount: 25% of expected gross monthly income
Loan Term: 35 days
Maximum Finance Rate and Fees: Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %)
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit

Debt Limit
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Yes, with proceeds of the new loan. (Lenders cannot extend payment period beyond 60 days after the expiration of initial loan period)
Repayment Plan: Yes

Collection Limits
Collection Fees :$25 dishonored check fee (max. two fees for insufficient funds; max. one fee for a closed account); court costs; reasonable attorney's fees; service of process costs
Criminal Action: Prohibited (Unless customer acted with criminal intent)

State of Nevada, Dept. of Business & Industry Financial Institutions

Bad Credit Loan New Hampshire

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

Payday Loan New Hampshire

Loan Term
Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: 36% annual interest
Finance Charge for 14-day $100 loan = $1.38
APR for 14-day $100 loan = 36%

Debt Limit
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance, renew, extend; borrowers can renew to obtain additional cash, but prior loan must be paid in full from proceeds of the new loan and marked as such)
Cooling-off Period: 60 days

Criminal Action: Prohibited

New Hampshire Consumer Complaint

Bad Credit Loan New Jersey

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

Payday Loan New Jersey

Prohibited: criminal law sets the usury cap at 30%.

File Complaint Online with State of New Jersey Department of Banking and Insurance

Bad Credit Loan New Mexico

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit score is lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan New Mexico

Loan Terms
Maximum Loan Amount: $2500
Loan Term: 35 days
Maximum Finance Rate and Fees: $15.50 per $100; $.50 verification fee per $100
Finance Charge for 14-day $100 loan = $16
APR for 14-day $100 loan = 416%

Debt Limits
Maximum Number of Outstanding Loans at One Time: Total loans and fees capped at 25% of gross monthly income
Rollovers Permitted: None
Cooling-off Period: 10 days after completion of a payment plan.
Repayment Plan: Yes, equal installments over 130 days, no additional fees.

Collection Limit
Collection Fees: $15 NSF fee one time per loan
Criminal Action: Prohibited

New Mexico Regulation and Licensing Department FINANCIAL INSTITUTIONS DIVISION

Bad Credit Loan New York

Criminal law sets the usury cap at 25%. N.Y. Penal Code 190.40.

Payday Loan New York

Prohibited: N.Y. Banking Law 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code 190.40.

File a Complaint in New York 

Bad Credit Loan North Carolina 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

Payday Loan North Carolina

Prohibited: Small loan capped at 36% interest

File a Complaint in North Carolina 

Bad Credit Loan North Dakota

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan North Dakota

Loan Term
Maximum Loan Amount: $500
Loan Term:Max: 60 days
Maximum Finance Rate and Fees: 20% + databasing fee
Finance Charge for 14-day $100 loan = $20
APR for 14-day $100 loan = 520%

Debt Limit
Maximum Number of Outstanding Loans at One Time: Not Specified ($600 aggregate loans outstanding to all licensees)
Rollovers Permitted: One (renewal fee not to exceed 20% of the amount being renewed)
Cooling-off Period:3 days

Collection Limit
Collection Fees: $20 NSF fee (if disclosed)
Criminal Action: Prohibited (Unless account was closed on the date of original transaction)

North Dakota Financial Institutions Complaint

Bad Credit Loan Ohio

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Ohio

Loan Term
Maximum Loan Amount: $500
Loan Term:Minimum: 31 days
Maximum Finance Rate and Fees:28% annual interest
Finance Charge for 14-day $100 loan = $1.08
APR for 14-day $100 loan = 28%

Debt Limit
Maximum Number of Outstanding Loans at One Time: One, four per year
Rollovers Permitted: None
Cooling-off Period: 2 loan limit in 90 days
Repayment Plan: Yes, 60 days, no fees

Collection Limit
Collection Fees:Bank charges (if disclosed); $20 collection charge; Court Costs after default; damages
Criminal Action: Prohibited

Ohio Department of Commerce File a complaint

Bad Credit Loan Oklahoma

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Oklahoma

Loan Term
Maximum Loan Amount:$500
Loan Term:12-45 days
Maximum Finance Rate and Fees:$15 per $100: $0-$300; an additional fee of $10 per $100: $301-$500
Finance Charge for 14-day $100 loan =$15
APR for 14-day $100 loan = 390%

Debt Limit
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot renew; a loan made within 13 days after a previous one was entered into shall be considered a renewal and shall not be made)
Cooling-off Period: Second business day after the 5th consecutive loan repaid
Repayment Plan: Yes, after a third consecutive loan. Repayable in four installments. The fee of 10% up to $15.

Collection Limits
Collection Fees:$25 NSF fee (if disclosed) unless dishonored due to theft or forgery
Criminal Action: Prohibited

Oklahoma Department of Consumer Credit Complaints Submission

Bad Credit Loan Oregon

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Oregon

Loan Term
Maximum Loan Amount: $50,000 (Loan limit up to 25%of borrower’s net monthly income if earns $60,000 per year or less.)
Loan Term:31 to 60 days
Maximum Finance Rate and Fees:36% APR interest, one-time $10 per $100 of loan origination fee, up to $30
Finance Charge for 14-day $100 loan =$13 for 31-day loan
APR for 14-day $100 loan =154% APR for 31-day loan

Debt Limit
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Two (renewals)
Cooling-off Period: 7 days after prior loan expires

Collection Limit

Collection Fees: One $20 NSF fee + additional bank charges 
Criminal Action: None, only civil penalties

Consumer Financial Protection Bureau Submit a Complaint

Bad Credit Loan Pennsylvania

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

Payday Loan Pennsylvania

Prohibited: Small Loan Rate Cap $9.50 per $100 per year interest, plus a service charge of $1.50 per $50 per year, up to $150 if interest discounted.

PA Banking and Securities Complaint Form

Bad Credit Loan Rhode Island

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Rhode Island

Loan Term
Maximum Loan Amount: $500 face amount of check
Loan Term:Min: 13 days
Maximum Finance Rate and Fees: 10% of funds advanced
Finance Charge for 14-day $100 loan =$10
APR for 14-day $100 loan =260%

Debt Limit
Maximum Number of Outstanding Loans at One Time:3/$500
Rollovers Permitted: One (rollover)

State of Rhode Island Department of Business Regulation complaints

Bad Credit Loan South Carolina

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan South Carolina

Loan Term
Maximum Loan Amount: $550
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of the principal
Finance Charge for 14-day $100 loan = $15
APR for 14-day $100 loan = 390%

Debt Limit
Maximum Number of Outstanding Loans at One Time: One.
Rollovers Permitted: None
Cooling-off Period: 2 days following the eighth loan in a calendar year
Repayment Plan: Yes (Once per twelve-month period, at least four equal installments, no additional fee)

Criminal Action: Prohibited

Consumer Financial Protection Bureau

Bad Credit Loan South Dakota

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan South Dakota

Loan Term
Maximum Loan Amount:$500
Loan Term: Not Specified
Maximum Finance Rate and Fees: 36% APR
Finance Charge for 14-day $100 loan = $1.39
APR for 14-day $100 loan = 36%

Debt Limit
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Four (licensee can renew, rollover or flip loan if the debtor pays an outstanding fee each time)

Consumer Financial Protection Bureau

Bad Credit Loan Tennessee

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Tennessee

Loan Term
Maximum Loan Amount:$425 ($500 check)
Loan Term:Max: 31 days
Maximum Finance Rate and Fees:15% of the face value of the check

Finance Charge for 14-day $100 loan =$17.65
APR for 14-day $100 loan =459%

Debt Limit
Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee) to a maximum $500 face value of check/s
Rollovers Permitted: None (cannot renew or otherwise consolidate)

Collection Fees: Court Costs
Criminal Action: Prohibited

TN Department of Financial Institutions complaints

Bad Credit Loan Texas

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Texas

Loan Term
Maximum Loan Amount: Not specified
Loan Term: Up to 180 days for CAB agreement
Maximum Finance Rate and Fees: No cap on Credit Access Business fees. Lender interest capped at 10%.
Finance Charge for 14-day $100 loan =No cap.
APR for 14-day $100 loan = No cap. Regulator reports average cost 410%.

Debt Limit
Maximum Number of Outstanding Loans at One Time:


Collection Limit
Collection FeesLate charge greater of 5% of payment or $7.50. Filing fees and $30 NSF fees.
Criminal Action: Prohibited unless fraud or forgery.

Consumer Financial Protection Bureau Complaints

Bad Credit Loan Utah

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Utah

Loan Term
Maximum Loan Amount: No Limit
Loan Term: May not exceed ten weeks
Maximum Finance Rate and Fees: No usury limit
Finance Charge for 14-day $100 loan =No Limit
APR for 14-day $100 loan =No Limit

Debt Limit
Maximum Number of Outstanding Loans at One Time: No limit
Rollovers Permitted: Not Specified (cannot extend or renew a loan more than ten weeks from original loan date)
Cooling-off Period:1 day after payment on an existing loan
Repayment Plan: Yes (Once per 12 month period; at least four equal payments, at least 60 days; no extra fees.)

Collection Limit
Collection Fees: Not Specified
Criminal Action: Prohibited

File a Complaint with the Utah Department of Financial Institutions

Bad Credit Loan Vermont

Small Loan Rate Cap 18% per year

Payday Loan Vermont

Prohibited

Consumer Financial Protection Bureau

Bad Credit Loan Virginia

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Virginia

Loan Term

Maximum Loan Amount:$500
Loan Term:Min: 2 pay periods
Maximum Finance Rate and Fees:36% annual interest + $5 verification fee + 20% of loan
Finance Charge for 14-day $100 loan =$26.38
APR for 14-day $100 loan =687.76%

Debt Limit
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:1 day after payment; 45 days after 5th loan within 180 day period; 90 days after the payment plan
Repayment Plan: Yes (Once per 12 month period; at least four equal installments, at least 60 days, no extra fees.)

Collection Limit
Collection Fees:$25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited

Bureau of Financial Institutions Virginia State Corporation Commission

Bad Credit Loan Washington

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

Payday Loan Washington

Loan Term
Maximum Loan Amount:$700 or 30% of gross monthly income, whichever is less
Loan Term:Max: 45 days
Maximum Finance Rate and Fees: 15%: first $500; 10%: remaining portion of the loan in excess of $500 up to the $700 maximum
Finance Charge for 14-day $100 loan =$15
APR for 14-day $100 loan =390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: A company cannot hold a check or checks in an aggregate face amount of more than $700 plus allowable fees from any one borrower at any one time. Maximum 8 loans in 12 months.
Rollovers Permitted: None (cannot refinance, renew, extend or pay off the loan with proceeds of another)

Repayment Plan: Yes. (Plan is 90 days for the debt of $400 or less and at least 180 days for larger debts. No extra fees.)

Collection Limit
Collection Fees:$25 NSF fee (one time per instrument); collection costs (excluding attorney's fees, interest, and damages)
Criminal Action: Prohibited

Washington State Department of Financial Institutions payday loan complaint

Bad Credit Loan West Virginia

Small Loan Rate Cap 31% per year on a loan of $2,000 or less

Payday Loan West Virginia

Prohibited: Small Loan Rate Cap 31% per year on a loan of $2,000 or less

Consumer Financial Protection Bureau

Bad Credit Loan Wisconsin

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

Payday Loan Wisconsin

Loan Term
Maximum Loan Amount: Lesser of $1,500 including fees or 35% gross monthly income
Loan Term:90 days or less
Maximum Finance Rate and Fees: No Limit
Finance Charge for 14-day $100 loan = No Limit
APR for 14-day $100 loan =No Limit

Debt Limit
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Yes, one renewal
Cooling-off Period:24-hours after paying renewed loans
Repayment Plan: Yes (4 equal installments; one payment plan offer per 12 months.)

Collection Limit
Collection Fees:$15 NSF fee, check presented once
Criminal Action: Prohibited

State of Wisconsin Department of Financial Institutions

Bad Credit Loan Wyoming

BadCreditLoans ranging from $500 to $5,000

  • Interest rates from 5.99 % to 35.99% 
  • Terms of 3 months to 36 months
  • Any credit score can apply 

OppLoans ranging from $1,000 to $5,000 

  • Interest rates from 99% to 199%
  • Terms are six months to 36 months
  • OppLoans is a great installment loan solution for paying off payday loans and title loans with high interest rates

LendingPoint loans ranging from $2,000 to $25,000

  • Interest rates from 15.49% to 34.99%
  • Terms are six months to 36 months
  • A great installment loan solution for paying off high-interest rates or if your credit lightly damaged
  • Credit score starting at 590+ to apply

Payday Loan Wyoming

Loan Term
Maximum Loan Amount: Not Specified
Maximum Loan Term:1 calendar month
Maximum Finance Rate and Fees: The greater of 20% per month or $30
Finance Charge for 14-day $100 loan = $30
APR for 14-day $100 loan =780%

Debt Limit
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot repay, refinance or consolidate by proceeds of another check)

Repayment Plan: Yes (Once per 12 month period; at least four equal installments; at least 60 days)

Collection Limit
Collection Fees: No NSF fees or other costs
Criminal Action: Prohibited

Wyoming Division of Banking Consumer Complaints

Anchor
  1. “Payday and Car Title Lenders Drain $8 Billion in Fees Every Year” Center for Responsible Lending. Acquired May 8, 2018 - “Payday and Car Title Lenders Drain $8 Billion in Fees Every Year” Center for Responsible Lending
  2. Why loans are capped at 36% NCLC acquired May 2018 - Why loans are capped at 36%
  3. McDonalds’ vs. Payday Lenders California State University Northridge. Acquired. May 4,2018 - McDonald's Restaurants vs. Payday Loan Locations
  4. Consumer Financial Protection Bureau (CFPB) Submit a Complaint - Consumer Financial Protection Bureau (CFPB) Submit a Complaint acquired May 2018