Unsecured Loans for Bad Credit

Unsecured Loans for Bad Credit

Latest posts by Nick Bourke (see all)

How to Get Unsecured Loans for Bad Credit

If you have bad credit, getting a unsecured loans can be difficult. Most lenders will not approve your application because they are worried that you won’t pay them back. Thankfully, there is an option for people with bad credit who need money fast! 

If you are looking for unsecured loans for bad credit, this post has everything you need to know about the process of applying and what to expect after approval!

What is a bad credit score?

A bad credit score is a FICO Score below 600. You can check your score for free on MyFico, where you’ll also get personalized advice about how to improve it!

Who should take out an unsecured loan?

An unsecured loan might be right for you if: 

  • You have been denied from other lenders because of bad credit history 
  • Your current financial situation makes borrowing money difficult (ex: recent job loss) 
  • You need a large number of funds and don’t want the hassle of filling out multiple applications or going through a lengthy approval process.
  • The interest rate will likely be lower than securing another type of loan with collateral such as a car title or home equity line of credit (HELOC)

How do I apply for an unsecured loan?

Unfortunately, most lenders will not approve your application because of your credit score. If you are looking to get approved quickly without dealing with a lengthy approval process or multiple applications, then LendUp is the lender for you! 

We make it easy-we match you directly with our lenders, who can provide funding within 48 hours on average after approving their offer. Once they have issued the funds, we help ensure that every payment goes through so there’s no risk of defaulting and hurting your credit further! 

Our platform also gives users tips about how to improve their scores in between loans -which means enhanced odds next time around too!”

What happens if my unsecured loan application is approved?

Once approved for an unsecured loan, the funds will be electronically deposited into your bank account within 48 hours. You can put in requests to withdraw or transfer money immediately-we recommend transferring it right away so that it’s not sitting around in your account and potentially getting spent (and making overdraft fees pile up!). 

We also help you build a payment plan based on how much money you owe and when! 

For example, if you need $500 back by March 15th, then we’ll break down exactly what day each payment should go out -even sending reminders before they’re due. Most lenders have similar programs available too.”

What happens after I receive my unsecured?

We want our users to be happy with their experience, which is why we offer an unconditional 30-day money-back guarantee! This means that if you are dissatisfied in any way for any reason at all -we’ll give your money back, no questions asked. 

Not only this but our customer service team works around the clock 24/365 to help answer questions or resolve issues. We want every user to come away satisfied and will do everything possible to make sure they are!”


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