What is a Bad Credit Loan?

Your credit score is essential, but a bad score can't stop you from getting a loan, at least at CASH 1. We offer Bad Credit Loans, loans for people with low credit scores. With both secured and unsecured options, these bad credit personal loans can help you get up to $50,000 in as little as 15 minutes. That's right! Our loans can be that quick and easy. You can apply for a CASH 1 bad credit loan online, over the phone, or from any one of our brick and mortar stores.

Various scoring models can help you find out whether you have a bad score or not. The FICO scoring model with credit scores ranging from 300 to 850 defines a score less than 580 as poor or bad. Scores between 580 and 669 are considered fair, whereas scores between 670 and 739 fall under the good credit range. If your FICO score ranges between 740 to 799, you have a very good credit score, and an 800 to 850 score is considered excellent. Although bad credit loans are a suitable financing solution for those with a poor or fair credit score, anyone having the ability to repay can use them to cover unexpected costs.
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How Do Bad Credit Loans Work?

  • apply online
    Apply Online
    Please fill out our simple online application with your personal information.
  • get approved
    Get Approved
    Our quick approval process allows you to know how much money you qualify for in minutes.
  • get your cash
    Get Your Cash
    You can receive cash in your bank account via direct deposit within 24 hours or go to one of our locations.

Factors To Consider When Applying For a Bad Credit Loan

There isn't a one-size-fits-all loan provider for everyone. Below are a few factors to determine when applying for a bad credit loan:

Eligibility

Just like every other loan, the requirements of a bad credit loan vary from lender to lender and state to state. If you choose CASH 1, our minimal loan requirements will help you quickly get approved for a loan.

Interest Rates

Also known as the cost of the loan, APRs play a crucial role in choosing a loan, especially when you have a low credit score. You can refer to our Rates & Terms page to get state-wise information on different loans that we provide.

Repayment Terms

Longer repayment terms mean lower monthly payments, and shorter repayment terms could probably mean larger monthly payments that can quickly help you get out of debt. In other words, a flexible repayment plan can help you customize your loan based on your budget.

Type of Lender

Not all lenders are willing to provide personal loans to people with bad credit. Going to a bank with a bad score may not even help you. Fortunately, some online direct lenders offer loans at reasonable terms to those with bad credit or no credit.

Loan Amounts

Keeping in mind your short-term and long-term cash needs, CASH 1 offers bad credit loans up to $5,000 without collateral and up to $50,000 using your vehicle title as collateral. These loan amounts help you borrow precisely how much you need.

Fees

You may have to pay fees while borrowing, called origination fees, and while settling your loan early, which are prepayment penalties. To avoid unwelcome surprises, always check if your lender charges such fees before signing the loan agreement.

Time To Receive Loan

It's essential to know how and when your loan will be disbursed. Bad credit loans online can be a good option when you need cash in an emergency. You can apply, get approved, and get cash online on the same day.

Allows Co-Signer

Usually, a co-signer having a relatively good credit score or income could improve your chances of getting approved for a loan. If a lender gives you an option, you can use a co-signer to qualify for a loan even when you have a bad credit score.


Types of Loans for People with Bad Credit

CASH 1 offers a variety of loans to fit your needs. Finding the best loan for you is our specialty! Instant funding is available. Join hundreds of thousands of satisfied customers.

Personal Loans

Personal Loans

Choose from a variety of loans to help you get cash with fast approval.
Available in select states.

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Title Loans

Title Loans

Use your clear vehicle title as collateral to borrow up to $50,000.
Available in Arizona & Nevada.

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Personal Line of Credit

Personal Line of Credit

Have extra funds on standby with our hassle-free line of credit.
Available in select states.

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How to Apply for a Personal Loan if You Have Bad Credit

Here are the steps to apply for a bad credit loan:

Check your credit report:
Also known as the cost of the loan, APRs play a crucial role in choosing a loan, especially when you have a low credit score. You can refer to our Rates & Terms page to get state-wise information on different loans that we provide.

Examine your budget:
Longer repayment terms mean lower monthly payments, and shorter repayment terms could probably mean larger monthly payments that can quickly help you get out of debt. In other words, a flexible repayment plan can help you customize your loan based on your budget.

Pre-qualify:
Pre-qualifying allows you to compare loan rates, amounts, and terms from various online lenders. A soft credit check is used in this process, which does not affect your credit score.

Consider a secured or co-signed loan:
Keeping in mind your short-term and long-term cash needs, CASH 1 offers bad credit loans up to $5,000 without collateral and up to $50,000 using your vehicle title as collateral. These loan amounts help you borrow precisely how much you need.

Prepare your documents:
You may have to pay fees while borrowing, called origination fees, and while settling your loan early, which are prepayment penalties. To avoid unwelcome surprises, always check if your lender charges such fees before signing the loan agreement.

Apply:
It's essential to know how and when your loan will be disbursed. Bad credit loans online can be a good option when you need cash in an emergency. You can apply, get approved, and get cash online on the same day.

Bad Credit Loans Frequently Asked Questions

In Which States Does CASH 1 Offer Bad Credit Loans?

We currently offer personal loans, installment loans, and cash advances in Arizona and Nevada as a direct lender. The Line of Credit is currently offered in Utah, Louisiana, Kansas, Missouri, and Idaho.

What Do I Need to Apply for an Online Loan?

In most states, you will only need the following to apply for a loan:

  1. 18 Years of Age or Older
  2. Proof of Income
  3. Open Checking Account
  4. Not on Active Duty in Military

How Much Can I Borrow?

Personal Line of Credit: If you are a resident of Utah, Idaho, Kansas, Missouri, or Louisiana, you can apply for a line of credit from $100 to $2,500. This type of personal loan allows you to make multiple withdrawals up to your approved credit limit.

Installment Loans: Based on several qualifying factors, we offer Nevada residents easy Personal Installment Loans from $50 to $5,000. These loans are short-term, 90-day fixed payment loans based on your monthly net income and repayment ability.

Title Loans: Depending upon the value of your vehicle and your ability to repay the amount, we can allow you to get up to $50,000 with a loan against your car title. You can apply for this loan option online, by phone, or at one of our convenient locations throughout Arizona and Nevada.

How Much Does a Bad Credit Loan Cost?

The fees are specific to your state. You can view fee for available in your state.

How Quickly Can I Get Cash?

With our quick and efficient loan process, we ensure that you get your on the same , even in as little as 15 minutes. However, you might get the funds the next business day if your loan application is approved after 10:00 AM PST.

Download Our Mobile App

Access your available credit.
Manage your existing CASH 1 account 24/7
Make payments conveniently.

Cash 1 Mobile App

Download Our Mobile App

Access your available credit.
Manage your existing CASH 1 account 24/7
Make payments conveniently.

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