Get a Personal Loan Fast Even if You Have Bad Credit

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by Kelly Blejwas Updated on March 16, 2023
A group of people with credit scores above their heads
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Your credit score is extremely important but sometimes unfortunate circumstances happen to good people. Unpredictable expenses like medical emergencies or car accidents can dig people into a deep financial hole. A personal loan from OppLoans can help you come back from any financial hardships.

Taking out a personal loan to cover unforeseen expenses like these could help you out right now and down the road. With the right personal loan that comes with affordable payments and competitive interest rates, you can get back on your feet and avoid a cycle of long-term debt.

Even if you have a poor credit score, you could still get a personal loan for your short-term financial needs.

OppLoans can help you take out personal loans at an Annual Percentage Rate that is potentially lower than other lenders (aka interest to pay back) even if your credit score is considered poor, while offering transparency and guidance along the way. If you’re approved, the money will be available for you the next business day. Fast funding, lower interest than many storefront payday lenders, and personal guidance are what drive OppLoans.

Here’s who can qualify:

  • Residents of AL, GA, NE, WI, AK, AZ, AR, CA, DE, FL, ID, IN, KS, KY, LA, MI, MN, MS, MO, MT, NE,, ND, OH, OK, OR, RI, SC, TN, TX, UT, VA, WA, WY, NC
  • Have a minimum monthly income of $1,500 for the states listed above, except AL is $3,500, and GA & ID is $3,000
  • Employed at your current job for at least 3 months
  • 18+ years old (19 if from AL or NE) and cannot be an active duty service member
  • A traditional bank account in your name that’s been open for at least 90 days
  • You get your paychecks via direct deposit

Qualified borrowers may be able to borrow up to $4,000 depending on their state and eligibility. And when monthly payments are made back on the loan, OppLoans will notify the 3 credit bureaus to build up your payment history and, in turn, build your credit history!

For other ways to build up your credit score, here are some money moves you can make today!

*Disclosure: “The product amounts, term and annual percentage rate (APR) of the loan that a customer qualifies for may vary based on credit determination and state law. Installment loan amounts typically range from $1,000 to $4,000. APR ranges from 59% to 160%”

Want Some More Tips on How to Improve Your Credit?

1. Get the Big Picture – Then Work on Fixing Your Score

Drobot Dean

It’s smart to monitor your credit score to ensure it doesn’t fall too much due to unpaid bills. Did you know that a low credit score could affect your ability actually to rent an apartment or even get a car? Yea, let’s try to prevent that from happening.

Credit Sesame is a free credit monitoring service that helps you improve and maintain your score.

You’ll get an easy-to-read view of your total debt plus everything that is contributing to your current score like credit usage, credit age, inquiries, and payment history. It also comes with personal recommendations to help increase your score.

Credit Sesame alerted me immediately when my score decreased because of a credit card and I was able to fix it right away. It’s free to use so this is definitely a must-have in everyone’s life.

2. PSA: Safely Build Your Credit and Save at the Same Time

start using a budget

Your credit score is more important than you think. 

A good score can help you get easier approval for renting, lower interest rates on credit cards and loans, better car insurance rates and more. Even a better cell phone contract.

However, there are 45 million Americans that have no credit score at all.*

If you don’t have a credit score or can use help rebuilding your credit, there’s a safe way.

You can use Self, the savings plan that builds your credit at the same time.

Since 35% of your credit score is based on payment history*, Self plays a major role in helping you ace that factor affordably. 

Here’s how it works:

  1. You choose a credit builder loan from Self but the money is held in a CD savings account
  2. The account is in your name and earns interest
  3. As you repay the loan to yourself in monthly installments, Self reports your payment history to the 3 credit bureaus (this builds your credit)
  4. Once the loan term is over, your CD savings account is unlocked for your access!

Through this method, you’ll be able to build credit and save at the same time.

Payment plans start at just $25 a month with terms of 12 months or 24 months.* There’s no hard inquiry to your credit, so take a look at the credit-builder loan options if you need a bit of help to build your credit!

*45 million Americans with no credit score source: Self
*Sample product is a $525 loan amount with a $15 administrative fee, 24-month term and 15.92% Annual Percentage Rate.