Top 3 Short Term Loans for Bad Credit – Get Loan Request Approved

Top 3 Short Term Loans for Bad Credit

At some point, pretty much everybody is going to need to borrow money. You could need to make a big purchase – whether it’s a new car or a replacement air conditioner. You could have a dental emergency, or need to fix up your house.


When you need money quickly, it’s always reassuring to know that you can take out a loan. However, the chances of getting a loan drop significantly with your credit score. The lower the score, the more rejections you’ll get when applying for loans.


Well, you’ll be glad to know there are many short term loan companies out there that’ll accept you no matter how low your credit score is. If you’re in a pickle and need a short term loan, then keep reading to find out more about some of the best short term loans for bad credit out there.




  • Loans of up to $25,000
  • Quick and easy online eligibility checker
  • Flexible repayments
  • Can get the funds in 24 hours


  • Only available in 32 states in the US


To be eligible for a loan with LendingPoint, you must, first of all, reside in one of the 32 states listed on their website. Before you apply, make sure that your credit score is in the 600’s, and your income is at least $20,000 pre-tax.


Like with any loan, you’ll need to be at least 18 years of age, and have a valid bank account. With LendingPoint, you can get a loan of up to $25,000 – which should be enough to cover anything from a new sofa set to a whole wedding.


The application process is quick and easy. During the application process, you’ll be required to explain why you require the loan, your desired loan amount, your income, and other standard personal details.


Typically, lenders that accept poor credit customers will have higher interest rates. This is the case with LendingPoint – their interest rates vary between 17.46 to 35.99 percent. If this puts you off, then you’ll be relieved to know that the repayment is rather flexible, as you’ll have anywhere between 24 to 48 months to repay the loan.




  • Has a 95% satisfaction rating!
  • Can borrow anything between $2,000 to $35,000
  • May not have to repay loan for 5 years
  • No minimum credit score requirement


  • Administrative fee of up to 4.75%


Avant is one of the top loan companies out there – it has a 95% satisfaction rate, which is ideal if you’re unsure whether to go for it or not.


Getting a loan is simple with Avant – and there’s even an efficient online tool that you can use to see if you’ll be eligible for an Avant loan. This tool is super useful, and it won’t impact your credit score at all. In some cases, points can get knocked off your credit score like dominos if you get rejected for a loan, which is why it’s great that Avant has this online tool.


Although there’s no minimum credit score requirement needed for an Avant loan, most borrowers have a credit score above 600. You can borrow between $2000 and £35,000, and between 2 and 5 years to pay it back.


Similar to any loan, the interest rates can vary. If you have a good credit rating, you could get an appealing interest rate of just under 10%. No matter how low your credit score, the interest rate will be capped at 35.99%.


Many loan companies will charge you an early-payment fee if you want to cancel your payment plan and pay the lump sum, but Avant won’t. After all, why should you get charged extra for paying off a loan early?




  • Can improve your credit with timely payments
  • Up to $10,000 can be borrowed
  • Helpful and informative website
  • Convenient tool to help plan payments


  • Only residents of certain states are eligible
  • There are better interest rates out there


If you live in one of the following states, you’re one of the lucky few that can apply for a loan with NetCredit:


  • Alabama, Arkansas
  • Arizona
  • California
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Mexico
  • North Dakota
  • Ohio, Oregon
  • South Carolina
  • South Dakota
  • Texas
  • Utah
  • Virginia
  • Washington
  • Washington DC
  • Wisconsin


Your loan terms and interest rates can vary depending on which state you live in, but in general, the terms are pretty reasonable.


To apply for a loan with them, you just need to fill out a simple application form online. Be sure to take advantage of the MyCreditBuilder tool on their website – it does wonders in improving your credit score. NetCredit will report your payment history to TranUnion and Experian to improve your credit score – which gives you the motivation to keep up with your payments.

Francis Nwokike

Francis Nwokike is a Social Entrepreneur and an experienced Disaster Manager. I love discussing new business trends and marketing tips. I share ideas and tips that will help you grow your business.

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