Bad Credit Loans
Apply online and get approval in minutes
- Borrow $100 – $5,000
- No credit check
- No min. credit score required
- Affordable rates
- Unsecured loans with no collateral
- Guaranteed approval for eligible borrowers
Struggling with bad credit shouldn’t stop you from getting the money you need. At 1F Cash Advance, you can apply for a personal loan online and receive guaranteed approval if you meet basic requirements. The process is fast, secure, and doesn’t affect your credit score.
Use your loan to cover emergency expenses like medical costs, car repairs, or overdue bills. We’re here 24/7 to help you access the funds you need within 1 business day, with no hidden fees or unnecessary delays.
What Are Bad Credit Loans with Guaranteed Approval?
Bad credit loans with guaranteed approval are a flexible way to borrow money when traditional lenders say no. Guaranteed approval means you’re very likely to get approved if you meet basic lender requirements. These loans are available in two forms: payday and installment loans.
At the same time, it’s important to understand that such loans are still a financial commitment. While they offer easy access, they often come with higher interest rates compared to standard loans. This is simply due to the higher risk lenders take when working with borrowers who have credit challenges. Knowing this in advance helps you borrow more consciously and avoid surprises during repayment.
The key advantage of bad credit loan products at 1F Cash Advance is their accessibility. All loans are offered directly from a licensed lender with no hard credit check required. We focus on your current income and ability to repay, not your past credit history. This makes the process simple, clear, and safe for you.
How Can You Use Guaranteed Loans?
Loans with guaranteed approval can help you cover a wide range of personal expenses. They are designed to provide fast, flexible support during financial emergencies, with no restrictions on how the funds can be spent. Common uses include:
- Paying for urgent car repairs
- Covering out-of-pocket medical costs
- Paying rent or utility bills
- Fixing a broken home appliance
- Avoiding late fees on credit cards
- Buying groceries or fuel before the next paycheck arrives
What Is Considered Bad Credit?
Bad credit is typically defined as a FICO score below 580. This score reflects a history of missed payments, high credit utilization, defaults, or accounts sent to a collection agency. It signals to lenders that the borrower may present a higher risk.
Most banks consider credit scores below 600 as subprime and often deny loan applications from borrowers with such ratings. To qualify for regular personal loans or credit cards, applicants usually need a FICO score of 670 or higher.
Therefore, borrowers with poor credit often seek alternative financing options and turn to bad credit loans with guaranteed approval. They do not rely on credit history and assess an applicant’s current income and repayment ability.
Online Loan Application Process
Getting a loan with 1F Cash Advance is fast and easy. Follow these three steps to apply online:
Submit your application
Complete a short online form with your personal and financial details. The form is available 24/7.
Apply NowWait for approval
Your information will be processed securely via a soft credit check. This will not affect your credit score. You’ll receive an approval decision by email within minutes.
Receive your funds
If approved, read and e-sign the loan agreement. The funds will be transferred via a direct deposit to your bank account on the same day.
Same-day funding is available for approvals before 10:30 am local time on business days. Requests after that time, on weekends, or holidays are processed the next banking day.
Eligibility Requirements
To qualify for a personal loan with 1F Cash Advance, you need to meet the following basic requirements:
- Be at least 18 years old
- Have a steady source of income
- Have an active checking account
- Provide a valid government-issued ID
- Have a working phone number and email address
- Be a U.S. citizen or permanent resident
How Does Your Credit Affect Your Interest Rate
Lenders assess your credit profile to estimate how likely you are to repay the loan on time. Based on this, they adjust the loan offer to match your risk level.
A higher credit score indicates lower risk, which typically results in better loan terms. A lower score may lead to higher APRs, shorter repayment periods, or additional requirements, such as collateral or a co-signer.
Here’s how a credit rating usually affects loan conditions:
| Credit Rating | Estimated APR | Repayment Term | Collateral | Co-Signer |
|---|---|---|---|---|
| Excellent (720–850) | 6% – 12% | 24 – 60 months | No | No |
| Good (690–719) | 10% – 18% | 12 – 48 months | Rarely | No |
| Fair (630–689) | 18% – 28% | 6 – 36 months | Sometimes | Rarely |
| Bad (300–629) | 28% – 36% or higher | 3 – 24 months | Often | Often |
Exact rates and terms may vary by lender, loan type, and state regulations.
Types of Loans for Bad Сredit
Even with a poor credit history, you can still access multiple loan types. Each option comes with its terms, approval criteria, and repayment structure.
Unsecured Personal Loans
Getting an unsecured personal loan with a bad credit history from a bank will be almost impossible, but online lenders can help. You can borrow up to $15,000, depending on your income and creditworthiness. No collateral is required, and your low FICO rating is not an obstacle to applying. Repayment terms are up to 60 months. Interest rates start at 28% per annum and can be higher depending on your credit profile.
Secured Personal Loans
Secured personal loans typically require collateral, such as a car or a savings account balance. You can borrow between $1,000 and $100,000, depending on the value of the asset and the lender’s terms. The loan term is up to 7 years. Rates range from 7% to 18% per annum; however, the collateral can be seized if you miss a payment.
Home Equity Loans and HELOCs
If you own a certain equity on your home, you may qualify for a home equity loan or line of credit. These products are secured by your property, allowing you to borrow up to 85% of your available equity. Rates are lower than those on unsecured loans, typically between 7% and 12% APR. Since your home is the collateral, missed payments can result in foreclosure. These loans work best for large costs and long-term needs.
Tribal Loans
Tribal loans are offered by lenders operating under tribal law, rather than state regulations. They’re available even in the states where payday lending might be illegal. You can borrow between $300 and $2,000 and repay over 6 to 24 months. Interest rates are high, often from 200% to 500% APR. These loans are quick and easy to get with bad credit, but they may lack state consumer protections.
Pawn Shop Loans
Pawn shop loans are short-term loans that use your item as collateral. You bring in something valuable, like jewelry or electronics, and get up to 25% to 60% of its resale value. The repayment terms are usually 30 days, with extensions available for a fee. Rates are high, often 120% to 300% APR. If you don’t repay, the pawn shop keeps the item and puts it up for sale.
Title Loans
Title loans let you borrow money using your vehicle title as collateral. They’re available even with bad credit and usually offer 25% to 50% of your car’s value. The repayment period is short, often up to 60 days. Interest rates can be over 200% APR. If you don’t repay, the lender can repossess your car. These loans are considered high-risk and are banned in some states.
Payday Loans
Payday loans are short-term loans that allow you to borrow up to $1,000 till your next paycheck. Repayment is usually made in 14 to 31 days. These small loans often have high interest rates that often exceed 300% per annum. They are illegal in some states. Failure to repay may result in rollover fees or additional charges, so it is important to use them cautiously and only borrow what you can afford to repay on time.
Installment Loans
Installment loans for bad credit provide a fixed loan amount that is repaid through regular monthly payments. At 1F Cash Advance, borrowers can qualify for up to $5,000 for terms ranging from 2 to 24 months. Interest rates typically start at 16% APR and can reach 200% depending on the state and the borrower’s credit profile.
How to Choose the Best Personal Loan with Guaranteed Approval
Having bad credit doesn’t mean you should settle for the first offer you see. Choosing the right personal loan requires a careful approach. Look for lenders that are transparent, state-licensed, and focused on your current ability to repay.
Here are key things to consider when comparing offers:
- Clearly stated interest rates and repayment terms
- No upfront fees or hidden charges
- Convenient loan amounts and repayment periods
- Income verification to estimate your repayment capabilities
- A soft credit check is performed
- The lender is licensed to operate in your state
- Simple and secure online application process
- Realistic eligibility criteria
Watch out for predatory practices
Be cautious with lenders who promise guaranteed approval in exchange for an upfront payment. This is a common scam tactic. Legitimate lenders never ask for fees before approval. Be wary if a lender rushes you to sign, avoids disclosing full terms, or pressures you into borrowing more than you need. Always read the loan agreement carefully and never agree to terms you don’t fully understand.
Why Choose Us if You Have Bad Credit?
Here’s why thousands of bad credit borrowers choose 1F Cash Advance:
No hard credit check
Loan requests are processed through soft credit inquiries only. Credit scores remain unaffected, and approval decisions are based on your current financial situation.
Secure platform
All personal information and financial details are protected by 256-bit SSL encryption. We strictly follow industry security standards to prevent data breaches.
Responsive customer support
Our professional team is always here to help you with any issues that arise during the application process. Borrowers can get quick assistance online, by phone, or directly at one of the 1F Cash Advance locations.
FAQ
How much money can I get?
With 1F Cash Advance, you can get up to $5,000 with fixed monthly payments and a repayment period from 2 to 24 months. For urgent situations, amounts up to $1,000 are available with repayment in a lump-sum payment in 14 to 30 days. The specific limit is determined individually, depending on your income, location, and the type of loan you choose.
Can I get a loan without a credit history check?
1F Cash Advance prioritizes your current income and financial stability over your credit score and doesn't perform a hard credit check. However, a soft credit inquiry is made to determine your loan eligibility. This pull doesn’t affect your FICO score.
How quickly can I get the funds after approval?
If you submit your application on a business day before 10:30 am local time, the funds are usually deposited into your account on the same day. If you apply later, on weekends or holidays, your application will be processed on the next business day. As a rule, the money arrives within 24 business hours after approval unless there are delays caused by your bank transaction processing policies.
How will the loan affect my credit history?
When you apply for a loan with us, only a soft credit check is performed. It does not affect your credit score. However, loan defaults may be reported to major credit bureaus, which will result in a negative mark on your credit report.
How safe are loans without a credit check?
No credit check loans are safe as long as you deal with a reliable and legitimate lender. At 1F Cash Advance, we use modern security protocols to protect your data and clearly disclose all the fees and charges associated with your loan to help you make an informed decision. We stand for responsible lending and make a soft inquiry to ensure you can repay the loan on time.
What steps can I take to improve my credit rating?
Improving your credit rating starts with responsible financial behavior. Pay all bills and loans on time, keep your credit utilization under 30%, monitor the number of open credit accounts, and regularly check your credit report for errors. You can also get a secured credit card or a credit builder loan to boost your FICO rating.
How can I contact you if I have questions?
You can contact us by phone at (720) 428-2247, fill out a feedback form on the website, or visit the nearest store in person. Our team is always happy to help.