Direct Lenders for Bad Credit May 2024 - Top 7 US Loan Companies

See below we’ve ranked some of the top direct lenders for bad credit, we have found that Fast Money Source to be the top direct lender. If this company doesn’t suit you, we have listed 7 other direct lenders for bad credit.


If you are one of those who think that you cannot get any fast cash loan due to bad credit history, you are highly mistaken. There are direct lenders for bad credit who offer many no-credit-check loans like payday loans or car title loans to bail you out of any emergency.

In this article, we have for you a list of top selected direct lenders for bad credit who offer quick approval loans no matter what your credit score or employment status is

For quick loans to solve your emergency financial needs, you can check out the key highlights of services offered by our top-ranked lenders in 2024.

The Top-Ranked 8 Direct Lenders for Bad Credit in 2024

Here is the list of top direct lenders for bad credit you can consider

These are some of the best-rated, fast loan disbursement direct lenders for bad credit in the country. They are not known for delays but for fast loan approval and processing. Money comes into your account even quicker than the time taken to complete the official paperwork and documentation. It is better to take a close look at each lender before choosing anyone. So here is our evaluation of each lender to help you make an informed decision.

1. Fast Money Source: Fast Decision Payday Loans

Fast Money Source

Fast Money Source is the best way to get to a direct lender for bad credit in 2024. They are known for many emergency loan options for people in financial distress. 

This direct lender for bad credit has many features which would be a sure draw for people with poor credit. These features would include:

  • Apply for a loan amount of up to $50,000
  • No waiting, they offer quick loan decisions
  • Funding comes in really quick
  • Trust them for no hassles loans
  • Get payday loans at reasonable competitive interest rates (as low as 6%)
  • Various other facilities like credit repair, and debt relief are provided 
  • They even disburse loans as low as $100
  • No upfront fees or hidden charges are applicable
  • No credit checks performed

Whenever you need a loan, simply apply online or call their customer support service. Being a member of Online Lenders Alliance, this firm ensures that they keep everything transparent. Once your loan approval comes through, you can go through all their details, fee & interest structure before accepting the loan. 

2. Fast Loans Group: The Best Lender for Personal Loans

Fast Loans

Applying for a loan with Fast Loan Group, they make finding the best direct lenders for bad credit is quick and easy They are the best lending marketplace in the industry promising fast cash loans. Now here are more reasons why you should choose them over others:

  • The loan is disbursed in just about 24 hours
  • You can get a loan approved for an amount up to $50,000
  • You can even borrow amounts as less as $200
  • There is no need to wait in lines or visit an office physically for approval of the loans
  • Form filling is done online and can be completed in under 5 minutes
  • No credit checks performed

So here are a host of reasons why you should rely on Fast Loans Group in 2024. Their loan rates can be better but other than that they offer great service and the best loan deals.

3. Honest Loans: 24-Hour Loan Disbursement Service

To start out with Honest Loans, the 24-hour loan disbursement services, all you need to do is submit the form and get an extremely quick reply, approval, and funding. With a host of loans available from this one of the best direct lenders for bad credit here are the reasons why you can consider them.

  • It takes less than 24 hours for the loan to be disbursed
  • No credit checks are performed
  • No problem, if you have low income
  • Apply for a loan up to $50,000
  • Multiple loan options: Personal Loans, Cash Advance Loans, Installment Loans, etc.
  • On loan approval, know the interest rate and fees

You will especially like their quick payday loan offer due to low interest rate and quick loan approval as well as processing. However, do check the terms and conditions of direct lenders. So, are you ready for your loan from Honest Loans? 

4. Credit Clock: Bad Credit Payday Loans

Credit Clock

Credit Clock provides you with guaranteed online loans and is fast emerging as the best payday loans company in America. They also offer fast tribal loans i.e. loans by companies belonging to Indian tribes or Native Americans. They are your best partners when you are in dire need of finances. More features and benefits of this lending company are:

  • Low interest payday loans @ rates as low as 5.99% 
  • The applications are as quick as 2 minutes
  • The loan terms are flexible
  • Reputable direct lenders who provide the loans
  • Lending companies owned by Indian tribes or Native Americans

This is yet another reliable lender that offers fast loans for difficult times without many formalities. Their loans start from $500 and go up to $2,500. The repayment time is 6 to 24 months as you prefer. 

5. Heart Paydays: Guaranteed Installment Loans Online

Heart Payday

Heart Payday is in demand with a significant increase in demand for payday loans and installment loans. You can easily apply for a loan and get approval too. The low credit score is not a problem. Their direct lenders offer loans to customers even if they have no credit activity. This is part of our best payday loans broker list due to the reasons listed below:

  • The loans are guaranteed online and instant
  • Loans are disbursed almost instantly
  • The repayment terms and time provide a clear roadmap
  • Your financial status is not needed 
  • No credit checks are performed 
  • The repayment may spread over years
  • Here you get to pay off bit by bit
  • Different types of loans are available

As mentioned above, they don’t carry out any credit checks and have a trusted direct lenders network. Despite zero credit activity, your loan will be approved provided your income can readily cover the loan amount. Check their site for further details.

6. Low Credit Finance: Quick Bad Credit Loan

Low Credit

Low Credit Finance is your partner for quick finance even when you have bad credit and low income.

You need not worry about your source of income or income amount; Low Credit Finance has your back in financial emergencies. This platform of direct lenders for bad credit offers many reasons why you should borrow from them.

  • Borrowers with all credit types are eligible for the loan
  • Unconventional income source poses no problem
  • High approval rate for low-income borrowers
  • Once approved, the loan is disbursed in 60 minutes 
  • Repay as per easy terms and conditions
  • Loan amounts range from $100 to $5,000
  • Getting the loan is easy and simple
  • Large network of lenders and also alternative options

This Credit Finance company is a boon for those in need of cash but have a low income or do not have a regular job.  Even if you have a poor income and are facing extreme financial difficulties, this firm promises to be by your side.

7. Big Buck Loans: The Instant No Credit Check Loan Disbursement


Do you need an instant loan without any credit checks desperately? If yes, look no further than Big Buck Loans as they are on our list of best direct lenders for bad credit for many reasons. They help you become comfortable when you are in a difficult situation due to a lack of finances. Here are some advantages and features that will help you choose Big Buck Loans with confidence.

  • 9/10 people are daily approved for instant loans 
  • The application process is very simple and 100% online
  • The loan amount is transferred in 15 minutes 
  • You can borrow anything between $100 to $5000
  • You can repay within 3-24 months
  • You pay monthly installments 
  • Credit history is not hurt

 They are truly reliable and trustworthy and thus you can safely approach them if you are cash-strapped.

How to Apply for Instant Payday Loans from Direct Lenders for Bad Credit?

Applying for loans from direct lenders for bad credit is as easy as A-B-C when you choose any of our listed lenders whom we have listed after taking a closer look and expert evaluation. The process is simple and easy. All you need to do is follow the following steps:

  • Compare the lenders on our list.
  • Visit their official website to fill out the loan application.
  • Wait for loan approval and to know how much you are liable to get.
  • Once the loan is approved, know the terms, and complete the paperwork.
  • Get your loan amount into your bank account.

By following the above steps, you can easily get a loan from direct lenders for bad credit. Get started right away if you need fast cash for emergency needs.

What are Lender Loans for People with Bad Credit?

Just anyone is not eligible to seek a loan from traditional banks and finance systems. If you are one of those potential borrowers with a bad credit history, forget visiting the banks for a loan. You must look for alternative lenders to bail you out from such an emergency. 

So basically, these are loans for people with a bad credit history or low income or both. But you can be assured that if you have met their criteria your loan is bound to come through even with low income or bad credit scores. 

The eligibility criteria you need to meet to get an instant loan from our direct lenders are:

  • The minimum age for applying is 18 years.
  • US citizenship or permanent residency is important
  • Steady and reliable income source
  • An active bank account in your name 

But there is a catch here. Not all US states allow such instant loans. So, you will have to check out with the lender before applying. If you live in California then check out the best $300 loan options Here

Features of Payday Loans for Bad Credit You Must Know

Before applying for a bad credit payday loan or car title loan, understanding the features of loans for bad credit is required. Read further complete information on loans for bad credit by direct lenders:

Loan terms – Payday loans for bad credit are generally given on a short-term basis. You need to generally repay the loans faster than traditional loans. However, there are some lenders who allow repayment up to about 24 or 36 months. Some lenders even stretch it for 5 years. Payday loans are generally given till the next payday which is about 28 days. However, do check with your lender as this may vary.

Approval rate – The approval rate of payday loans is high which is why most people consider them to be guaranteed loans. Traditional banks, however, don’t usually approve loans with bad credit, but private lenders do. If you have steady income proof, the chances of loan approval get high. 

Approval is prompt – These loans get their approvals spot-on at times. But at others, it might take about a day. This is because some lenders tend to check the creditworthiness of the borrower before approving.

Disbursement comes fast – Money is generally disbursed within the next working day or within 24 hours of the approval coming through. Some lenders even get them sent in 60 minutes which is super-fast.

Loan rates – The interest on high-risk, large-amount payday loans is generally higher than small-amount loans for those with steady income proof. The high-interest amount acts as a security for the lender in case of bad credit. But some lenders do offer competitive rates.

Table of Direct Lenders for Bad Credit 

Brand Summary  Score
Fast Money Source Best Personal Loans  10/10
Zippy Loans Instant Approval 9/10
Fast Loans Group Great Customer support  9/10
Honest Loan 24/7 Service available  9/10
Credit Clock Good for Poor Credit 8/10
Heart Paydays Fast funds  8/10
Low Credit Finance Easy Application  8/10
Big Buck Loans Great Interest rates  8/10

About the CFPB and US Banking Regulators

No lender party comes up with the norm of "guaranteed approval" because it means lending to people with no means to pay the loan back. Hence, the firm would finally run into loss due to the defaulting of the borrowers. 

Moreover, CFPB and US banking regulators disapprove of such practices. CFPB (Consumer Financial Protection Bureau) is mainly there to take care of the borrowers' rights in every situation; so this prevents the payday loan companies cannot work as per their free will and need to follow the terms and conditions.  

Who Can Qualify for a Payday Loan From Direct Lenders For Bad Credit? 

You can qualify for a payday loan provided by direct lenders for bad credit if you meet the following eligibility guidelines.

  • You need to be 18 years old or above.
  • You must be a citizen of America or a permanent resident of America.
  • Your source of income is verifiable.
  • Your debt-to-income ratio is sufficient. 
  • You must have a steady income flow to show the lenders that you can repay.
  • Your phone number and email address must be valid.
  • You have a valid bank account.

Meeting these few criteria ensures you will get a guaranteed approval loan from our recommended lenders. However, even if you have a poor credit score, no credit history, or no income, for some lenders you still qualify for an emergency loan. So, fill out the application and know yourself.

Who is Qualified for Direct Lender Loans for Bad Credit?

If you are one of those millions of Americans who are trying hard to make ends meet and your financial issues are haunting you, you can now take heart from the fact that there are direct lenders for bad credit

Bad Credit Score

You may have a credit score which is lower than 670 points. This is a bad credit score that usually disqualifies you from a loan from traditional banks. Take heart, even if you are eligible for a loan from the direct lenders for bad credit whom we have analyzed closely and listed. They are like your saviour because they can bail you out of your financial crisis. Banks will reject you, but they will not. 

Low Income

Loan repayment problems are typically linked to low income. Therefore, lenders do reject loan applications, but not direct lenders for those with bad credit. So even if your salary is at an all-time low, you can still get a loan.

Limited or No Credit History

If you have no credit history or limited information, there are chances that many lenders may turn you away from getting a loan. But the direct lenders for bad credit will welcome you for an instant payday loan. 


Unemployment due to a recent layoff or any other reason will not be a hurdle in your loan application approval provided you knock on the right doors. You would be glad to know that our suggested lenders listed above in this article, do not mind giving loans to low-income, bad credit borrowers even if they recently lost their job.


Being rejected by US banks does not mean that you will never get a loan from anywhere else. This is because our recommended direct lenders for bad credit will approve your loans as they do not take such things into account as long as you fulfil their eligibility requirements.

Reasons for Seeking Loans from Approved Online

To identify the top direct lenders for bad credit in 2024, our experts carefully examined the market for immediate payday loans. Our list of suggested lenders was created after carefully assessing a number of businesses. These lenders will provide you with loans that are processed quickly, come with a fair interest rate, and have flexible terms and conditions.

The following are the few aspects that we checked when analyzing and reviewing the lenders/brokers.

  • Lending company’s background: It is important to know the track record of the company and whether it is registered and follow regulations.
  • Their approval rate: If a loan company is very stringent about loan approval, it decreases the chances of getting a loan. We have listed lenders that have a high approval rate.
  • The speed of their approval: When funds are needed for an emergency, there is no point applying with a lender that makes borrowers wait for long. So, we have checked this aspect as well.
  • The speed at which they disburse the funds: After loan approval funds must be transferred immediately. This is yet another aspect that we have checked before recommending top lenders.
  • Fees and interest rates: This is the key aspect of every loan and borrowers obviously want to keep it low. Our lenders offer interest as low as 6%.
  • The loan terms and conditions: Choosing lenders with flexible loan terms is our motto to help borrowers come out of tough situations. 
  • Range of loan amount: Loan amount should be as per the need. Sometimes one needs a low-amount loan and at times a little more or lots more. So we do check the minimum and maximum amount a lender offers and communicate the same to borrowers. 

Once we are sure of these factors, we recommend them to our borrowers. Lenders who meet the above criteria are reliable lenders without any hidden terms and conditions, so it is always wise to apply for instant payday loans with our direct lenders for bad credit.

Positives and Negatives of Loans from Direct Lenders for Bad Credit

To get a better insight into the advantages and disadvantages of loans from direct lenders of bad credit, you can look at the following table. It will give you a quick glance at what is good and what is bad.




The loans get quick approvals.

The worst drawback of these loans is their high-interest rates.



The approval rate is very high.

Sometimes you fall into traps by lenders so be selective while selecting the lender. 

The interest rate is sometimes quite low (6%)


You do not get loans in all the states.



The finances released can be used in any way and for any purpose.




Job or no job, you are eligible for a loan.



Loans can be used to improve credit scores.


With all the pros and cons in hand, you can now decide whether a loan with bad credit is what you need.

Alternatives to Loans From Lenders for Bad Credit

There are many alternatives to loans for people with bad credit. You can consider them if you are not able to match up with any lender who will give a loan for bad credit. They are: Tribal loans are also an option, check out the full review Here

Installment Loans

If you are looking for flexible loan terms that you can pay back in 60+ months in small monthly payments, in that case, an installment loan should be your choice. 

Title Loans

This loan is given against collateral, such as an asset like your home or car. In this case, your credit score is not considered, and it is approved very fast. There are not many title loan companies available, but the best ones to use are listed Here

Credit Cards Cash Advance

Your credit card can be a boon for you during an emergency. You can request your credit card company for a certain amount of credit based on your card line.

Loan From Family & Friends 

You can ask family and friends for a loan though it is not always feasible.  However, if it works, this is a good option as you do not require any credit checks.

Related post about Personal Loans with No Credit Check


1. Are loans with bad credit from direct lenders safe?

Yes, because direct lenders for bad credit are registered lenders who abide by all laws and regulations, their loans are completely safe. Thus, you could attempt to obtain loans from them.

2. Is money from direct lenders disbursed immediately? 

Yes, as soon as the approval is received, the funds are released. Occasionally, they are distributed in less than a day.

3. How much will a guaranteed loan from direct lenders for bad credit cost?

The cost varies from lender to lender and takes into consideration factors like your income, employment status, debt to income ratio, among other factors. 

4. Are credit checks required for loans with bad credit? 

While some lenders undertake a light credit check, most do not. Again, it will depend on your lender in this case.

5. Can you get a loan with bad credit in 1 hour?

Here again, it would depend on the lender. Many lenders disburse the money in one hour after the approval comes through.