Bad Credit Loans

Having bad credit doesn't stop you from borrowing.

We work with a range of different lenders who can accommodate to those with bad credit. Borrow $100 - $35,000 through Pheab's trusted partners.

Representative Example:
On an assumed loan amount of $750 over 12 months. Rate of interest 292% (fixed). Representative 171%APR. Total repayment amount $1351.20 and total interest is $601.20. 12 monthly payment of $112.60.*

* We do not know how many customers take out a loan or the APR, this calculation is based on
the mean APR of the lenders we work with

Many lenders require eligible borrowers to have a certain credit score. This has made it challenging for those with a bad (or even less than excellent) credit score to find accessible loans.

However, just because you have a bad credit score doesn’t necessarily mean you’re a bad person to lend to. Which is why there are also a number of lenders who actively accommodate to those with poor credit.

For those with bad credit looking to borrow a loan – you’ve come to the right place! Pheabs works with a number of lenders who consider borrowers with varying different credit scores.

With such lenders, instead of relying on the borrower’s credit score, other details will be examined to determine whether or not to approve a loan request – these details explored later down the page.



We’re a broker not a lender, but we’ll still make sure that the loan is affordable. Even if you don’t have a perfect credit history, we’ll try to help.


The Right Fit

We only work with reputable lenders, so we know they are lending responsibly. We’ll search our panel of lenders to find the right loan for you.


Soft search will not impact your credit score

We offer soft search loans that will check of the basis of your credit record but not leave any visible footprint.

What is a Bad Credit Loan?

A bad credit loan is a type of loan that has been made accessible to those with a bad credit score. With these types of loans, lenders look less at the borrower’s credit score, and more so on other details to help them determine whether to approve the loan request or not.

These details can include:

  • Your age.
  • The amount you have asked to borrow with the lender.
  • Your income.
  • Your employment status.

There are a range of different loan types that can be made accessible to those with bad credit, including certain payday loans, installment loans and more.

What Can a Bad Credit Loan Be Used For?

A bad credit loan is used to help those with bad credit access the finance they need, when they need it. As bad credit can be considered for a range of different loan types, what they can be used for can vary considerably.

Bad credit loans can be used for:

  • Emergencies.
  • To pay bills before payday.
  • To pay for unexpected expenses (e.g. a car breakdown).

Being restricted by your credit history can be frustrating. Thankfully, Pheabs works with a range of different lenders who consider borrowers with various different credit scores.

Why is My Credit Bad?

Your bad credit could have been caused by various different factors.

Sometimes, your credit can be damaged by your previous financial decisions, which have lead to financial instability. Other-times, your credit history might be damaged by accident. Your credit rating can lower when your credit score is checked.

There are various different reasons why you can end up having bad credit. It’s important to try and reduce anything damaging your credit history as much as possible, which can help make it easier to borrow in the future.

Can a Bad Credit Loan Improve My Credit?

If you keep up with repayments on any bad credit loans taken out, you can actually improve your credit history. Making sure you keep up with repayments on loans can help to build up a good history of borrowing, meaning you may be deemed by future lenders as more trustworthy to lend to based off of these borrowing experiences.

However, it’s important to only take out a bad credit loan if you are able to keep up with repayments, as failure to do so can lead to the borrowing worsening your credit score, in addition to other potential penalties.

If you’re in need of a bad credit loan, and are confident that you will be able to repay the loan, why not use Pheabs to help you find the best loan option for you. Simply click the “Get Started >” button below and start your online loans submission request.

What is the Eligibility Criteria for Bad Credit Loans?

As the name suggests, bad credit loans will not require borrowers to have an excellent credit score in order to be eligible. However, when requesting a loan through Pheabs, we’ll require borrowers to meet a set of our own criteria, which includes:

  • Have a live checking account to receive funds.
  • Be a US citizen.
  • Over 18 years of age.
  • Able to make repayments.
  • A steady income of at least $800 per month.

If you meet this criteria, you can explore bad credit loan options with us today! Click on the “Get Started >” button to begin your submission.

Why Use Pheabs to Find Bad Credit Loans?

We’ve partnered with a number of reputable, trustworthy providers, which borrowers can request loans of $100 to $35,000 through.

We’ve also partnered with lenders who can accommodate to borrowers with bad credit, making finance more achievable to those who may have previously struggled to access it.

All of this makes Pheabs a great option to find bad credit loans through. Users simply fill in our online submission form to start their journey to accessible finance options.

Will the Loans Submissions Form Impact My Credit Score?

No, your credit score will not be impacted by making a loan submission with us.

You will only be at risk of worsening your credit score if you are approved for a loan and fail to keep up with its repayments.

If you keep up to date with repayments, you may actually find your credit score could improve. However, loans should never be taken out as a way to improve your credit, and should only ever be requested when needed.