Bad Credit Loans Guide

When it comes to getting a loan, it may seem impossible if you have bad credit. Maybe you’ve tried going into your local bank branch and applying for a loan, only to walk out carrying strong feelings of rejection instead of the cash you need? For many Americans, an unpredictable economy, marked by an increase in joblessness due to the rise of automation and artificial intelligence, leaves a better credit score to be desired.

If this sounds like you, what would you do in the event of an emergency? How would you cover your expenses and basic needs if a disaster were to strike today? In this article, we’re going to talk at length about bad credit loans that could help you, should you ever find yourself in a financial bind, and how to find lenders offering bad credit loans through MoneyMutual’s marketplace. First, let’s examine what types of bad credit loans might be available to you.

  • Payday Loans: If you’re approved for a payday loan, lenders generally will expect you to repay the loan on your next payday, although terms on payday loans may vary depending on the lender.
  • Installment Loan With Bad Credit: If you have to borrow more than you can afford to pay back in one pay period, a bad credit installment loan may be a better option for you. These loans are paid back over several payments, but the terms vary from lender to lender and based on your credit score.
  • No-Fax Bad Credit Loans: It’s 2020, who really uses fax machines anyway? The advent of online lending has made for a new wave of faxless loans, making it easier and more convenient for you to get money fast.

Short-term loans for bad credit

When you have an emergency, the last thing you want to think about is money, but unfortunately it’s usually critical to solving the problem at hand. So, what do you do? You look at your options.

For many Americans, that means considering a short-term loan. If you’ve never had take out a short-term loan before, you may rightfully have questions on what exactly it is. Luckily for you, AmeriCash has answers:

As the old phrase goes—a rose by any other name smells as sweet!

That philosophy certainly applies when it comes to short-term loans. The fact is, you probably know more about them than you think, but you may have heard them referred to by one of many names. These include payday loans, cash advances, cash advance installment loans, bad credit loans, or bad credit installment loans. All of the above, are examples of loans that can have the expectation of being paid back over a short period of time, or “short term.”

Often, the process looks like some version of this:

  • Borrower visits and submits their information to see if a lender can provide them with a short-term loan.
  • Borrower receives an offer from a lender and accepts the terms and conditions.
  • These usually include an authorization that the lender can pull the loan’s payback amount from the borrower’s account on an agreed upon date—usually payday.
  • The borrower receives the funds they need directly from the lender, often as quickly as 24 hours when done online.

Years ago, getting a short-term loan meant wasting your time, standing in line, only to learn if you qualify at all. Today’s short-term lending can take place online, making the experience one that prioritizes privacy, speed, convenience and security. With AmeriCash’s online marketplace we connect you with a variety of lenders to meet your short-term lending needs.

Bad credit installment loans

If you’re new to the often complex world of lending, you may not be familiar with what an installment loan is, or you may not know how a short-term installment loan works. Luckily, with AmeriCash on your side, you have access to all the answers you need to make a good loan decision.

An installment loan is the kind of loan that has a fixed repayment schedule. When referring to short-term loans, bad credit installment loans are similar to payday loans, with one key difference. Instead of paying the cost of the loan back in a single pay period, you extend it over multiple pay periods that span a short period of time established by the lender.

If you’re looking for a lender who offers installment loans, you may be able to find one using AmeriCash’s streamlined marketplace. Shopping for loans online has never been easier. With AmeriCash, you can shop for a loan on your home computer, laptop, tablet, or smartphone.

How to get a loan with bad credit

If you have bad credit and need to get a short-term loan, it has never been more convenient. With AmeriCash, simply go online and you won’t have to stand in line to connect with a lender who might be able to offer you a short-term loan for bad credit. is a free marketplace where people from all over the United States can find a short-term lender quickly.

Emergencies don’t wait, so why should you? Here’s the scoop on how to get a bad credit loan by visiting AmeriCash:

Lender requirements vary, but many borrower’s find qualifying for bad credit loans to be a breeze. General lender requirements include:

  • Being a U.S. Citizen 18 years or older
  • Making at least $800 per month, with verifiable income either from a job, entitlements or both
  • Having a checking account
  • Other lender requirements may apply

If you think you have what it takes to get a short-term loan, AmeriCash makes it easier for you to find a loan offer. At AmeriCash, we are not lenders. Instead, we have relationships with lenders all over the country who want to win your business. Simply fill out some quick information on, and wait for a lender response. This could be as fast a few minutes!

If a lender decides to work with you, you will be redirected to their website to apply for the loan and review the terms and conditions of your loan offer, finish filling out any necessary information, and ask questions directly to the lender. Some lenders can even get you funded in as little as 24 hours!*

Even if you’ve declared bankruptcy, bounced a check, or encountered other credit hassles, you may be eligible to get a short-term loan. If you’re in need of a bad credit loan, don’t get discouraged, get with AmeriCash instead! Remember, it’s fast, secure and easy to find a lender that meets your short-term loan needs today.