Personal Loans for Bad Credit
Need funds but are worried about your credit score? Personal loans provide accessible borrowing options with quick decisions. Apply today from anywhere and secure the financial support you deserve.
Get a decision in 3 minutes
Loan amounts from $250-$3000
Applications open 24/7
No upfront fees or costs
Representative Example: $1,000 loan over a 12-month term would have a total cost, including interest, a total payback amount of $1,134.72. APR 29.82%. Rates between 5.99% APR and 35.99% APR for qualified customers2. Loan term lengths from 3 to 36 months for qualified consumers.
Why Choose Yup Loans for Personal Installment Loans
Simple Application, Fast Decision
One quick form connects you with multiple lenders in our network who specialize in personal installment loans online¹. No running around to different banks or filling out endless paperwork. Just submit your information once, and we’ll do the matching for you in about 3 minutes¹.
Payments You Can Actually Manage
Unlike loans that demand full repayment right away, personal installment loans break your balance into smaller, predictable fixed monthly payments spread across weeks or months⁴. This makes budgeting easier since you’ll know exactly what you owe and when. No surprises, no scrambling to come up with a huge lump sum.
Bad Credit? We’ve Got Options
Your credit score is just one piece of the puzzle. The lenders we work with look at your overall financial situation, not just a number³. Many specialize in helping people who’ve been turned down by traditional banks, reviewing your credit history and credit report alongside other factors. As a borrower, you’re more likely to find a loan that works for you.
What are personal installment loans, and how do they work?
Personal installment loans are a type of unsecured personal loan where you borrow a set amount and pay it back in regular monthly payments over an agreed repayment term⁴. Instead of owing the full amount on your next payday, you make fixed monthly payments over time – usually weekly, biweekly, or monthly, depending on what fits your pay schedule.
When you apply through Yup Loans, we match you with lenders from our network who offer loan options for bad credit and various credit backgrounds³. The whole process happens online, so there’s no need to visit a physical location or wait days for an answer.
If a lender approves, you’ll receive a clear loan offer showing the total amount, annual percentage rate, payment schedule, and any fees. The rates and terms will be laid out clearly so you can review the total cost before accepting. Take your time reviewing everything – you’re never obligated to accept an offer that doesn’t feel right. Once you do accept, the loan proceeds typically land in your checking account as soon as the next business day*.
You’ll then repay through automatic withdrawals or scheduled payments according to your agreement. Since each monthly installment stays the same throughout the term of the loan, it’s easier to plan your budget around it.
3 Easy Steps to Getting a Personal Installment Loan for Bad Credit
1
Quick Application
Fill out our secure online form with basic information about yourself and what you need.
2
Review Your Offer
Check the rates and terms from your matched lender, including the payment schedule and total cost.
3
Get Funding
Accept the offer that works for you, and receive funds as soon as the next business day*.
You Can Use an Unsecured Installment Loan For…
Financial needs don’t fit into neat boxes, and neither should your loan. Our lenders offer personal installment loans that you can use for practically any legitimate expense, including:
- Home repairs and improvements
- Medical and dental bills
- Car repairs or down payments
- Debt consolidation
- Moving expenses
- Family emergencies
- Appliance replacements
- Wedding or event costs
- Back-to-school expenses
- Vet bills
- Overdue bills
- Holiday shopping
Reviews
Jennifer K., Atlanta, GA⁵: “I really needed to consolidate debt from high-interest credit cards but my credit took a hit during the pandemic and traditional banks wouldn’t even look at my application. Yup Loans connected me with a lender who actually listened to my situation. The installment payments are way more manageable than what I was juggling before, and I finally feel like I’m making progress instead of just treading water.”
Carlos M., Denver, CO⁵: “When my HVAC system died in the middle of summer with two kids at home, I panicked. I didn’t have thousands sitting around, and my credit wasn’t good enough for a home equity line. Yup Loans found me a personal installment loan that let me get the repair done immediately and pay off my loan over six months. The monthly payments fit into my budget without causing more stress. Honestly, it was a relief to find someone who treated me like a person, not just a credit score.”
Online Installment Loan FAQs
Will my credit be impacted when I apply for a personal installment loan online?
When you apply through Yup Loans, we submit one inquiry to our lender network. Some lenders do a soft check first, which doesn’t impact your credit score. If you accept an offer, the lender will run a hard inquiry, which might temporarily drop your score by a few points.
The positive is that making your payments on time actually helps rebuild your credit. Each payment gets reported to the credit bureaus, showing you’re reliable. So while there’s a small initial impact, handling the loan responsibly can improve your credit over time.
Do personal installment loans have fees?
It depends on the lender. Common fees include origination fees when you get the loan, late fees if you miss payments, and sometimes prepayment penalties if you pay off early – though not all lenders charge for that.
Every legitimate lender discloses all fees upfront in your loan agreement before you accept. No surprises, no hidden charges. Just read the terms carefully so you understand what you’re actually paying.
Do you need good credit for a personal installment loan?
Many lenders in our network work with bad credit, no credit, or even bankruptcy³. They understand that your credit score doesn’t tell the whole story – medical bills or job loss can damage your credit history without reflecting your current ability to repay.
These lenders look at your income, job stability, and whether you can handle the regular monthly payments. Your credit matters, but it’s not the only factor they consider when reviewing a borrower’s application.
What determines the terms of my personal installment loan?
Several factors influence your loan terms – your credit score, income, employment stability, how much you’re borrowing and for how long. Longer loan terms mean smaller regular monthly payments but more interest overall. Shorter terms are the opposite.
Different lenders have different policies, and your state’s lending laws can limit rates or loan amounts. When you get an offer, all these factors are reflected in your specific annual percentage rate and payment schedule.
What happens if I miss a payment or fail to pay back my personal installment loan?
You’ll face late fees, and the missed payment will be reported to your credit, which can damage your score. Continue missing payments, and the loan goes into default, then collections, which creates serious credit problems that can affect your ability to pay off your loan or borrow in the future4.
If you’re struggling to make a payment, contact your lender before you miss it. Most would rather work out a solution than send you to collections. They might extend your due date, adjust your schedule, or discuss other options. Ignoring the problem makes everything worse, but reaching out shows you’re trying to make things right and pay back what you owe.
Get Your Personal Installment Loan Today
Stop worrying about your credit score and start solving your financial needs. Our quick application takes just minutes¹, and you’ll have an answer faster than you’d spend on hold with a bank.