Personal Loans for Bad Credit — No Hard Credit Check to Apply
Personal loans for bad credit from Cash Solutions go up to $10,000 and are repaid in a fixed schedule of payments, not one lump sum. You can apply with a soft inquiry instead of a hard credit check, and your income and checking account carry more weight than your score.
Where does your credit score sit?
Drag the slider to your score. You’ll see the FICO tier it falls in and what that tier means when you apply with us.
Fair
FICO range 580–669
Fair credit is well within what we consider. Income and checking account still decide most of it, and the amount may be capped by what your income supports.
- Tiers follow the ranges published by FICO (myFICO). Other scoring models use different ranges. This is general information, not an offer or a decision, and approval isn’t guaranteed.
What counts as bad credit and fair credit
FICO scores run from 300 to 850. The tiers below come from FICO (myFICO).
| Tier | FICO range | With us |
|---|---|---|
| Poor | 300–579 | We consider applicants with bad credit. |
| Fair | 580–669 | Fair credit is well within what we consider. |
| Good | 670–739 | Your score is rarely the deciding factor with us. |
| Very good | 740–799 | The score matters little to our decision, which rests on income and the checking account. |
| Exceptional | 800–850 | The score matters little here; income and the checking account decide. |
Lists of the best personal loans for bad credit usually rank lenders by rate. For you, the better question is which payment fits your budget month after month, and whether the lender is open about the full cost. You can apply on our site, and nothing is final until you review the terms.
- Searching for personal loans for fair credit? Scores of 580–669 are inside the range we consider, and so are lower ones.
How we decide, apart from the number
A score is a summary of your past. For a loan you’ll repay over months, we care more about the present:
- Income. It sets how large a monthly payment you can carry, and so how much we can offer.
- A checking account. The loan is paid into it and payments come out of it.
- Verification. We confirm your identity and income before any money is sent.
Why a lower score can mean a smaller amount
The decision depends mainly on income and the checking account, so the score itself isn’t a cut-off. But a limited credit history may lead us to start you at a smaller amount than the $10,000 maximum. Small personal loans for bad credit are a normal starting point.
What $1,000 and $3,000 cost over a payment schedule
Here is a personal loan with equal monthly payments at a 36% APR, an example rate. It is a common ceiling in many states, and your actual rate depends on your state.
| Amount | Term | Monthly payment | Total repaid | Interest |
|---|---|---|---|---|
| $1,000 | 12 months | $100.46 | $1,205.55 | $205.55 |
| $3,000 | 24 months | $177.14 | $4,251.41 | $1,251.41 |
- Calculated with the standard amortization formula: payment = P × r ÷ (1 − (1 + r)−n), where r is the APR divided by 12 and n is the number of months. Terms of 12 and 24 months are chosen for illustration.
- Rates and terms depend on your state, and the exact cost is shown before you sign. If you only need a small amount until payday, see a cash advance instead; compare the totals first.
Will applying hurt my score?
Applying with us does not: we use a soft inquiry, which leaves no mark other lenders can see. What happens later depends on the loan itself. We don’t report payments to the credit bureaus, so a loan with us won’t build your score; an unpaid loan sent to collections can still hurt it.
A personal loan can hurt your credit score if payments are late or missed. It affects your score mainly through payment history, the amount you owe and how the lender reports the account.
A lender that runs a hard inquiry may lower your score by a few points for a short time, which is why it pays to look at how each lender checks before you apply.
Improve your chances
- Ask for the amount your income supports, not the maximum.
- Apply with documents that match: the same name and income on your application, paystub and bank records.
- Use the checking account your income lands in.
- Respond quickly if we ask for a document; verification can’t finish without it.
- Pick the longest term whose total cost you accept: a longer term lowers the payment.
Spotting a personal-loan scam
- Fees demanded before funding, especially by gift card, wire or crypto.
- Offers you didn’t ask for that arrive by text, with a link.
- “Approved” before you’ve shown any income.
How to check a lender
Confirm the license with your state’s regulator, read the agreement before you sign and keep a copy. Our licensing disclosure is on the About us page. For more help, see the CFPB’s credit reports and scores guide.
Frequently asked questions
How does a personal loan affect my credit score?
Applying with us uses a soft inquiry, which doesn’t change your score, and we don’t report payments to the credit bureaus. A loan that goes unpaid and is sent to collections can still hurt your credit.
Who gives personal loans with bad credit?
Online lenders, some credit unions and some banks do, and so do we. We consider applicants with bad or fair credit and look mainly at income and your checking account.
Are there no-credit-check personal loans?
Honest answer: not really. Lenders verify something. We don’t run a hard credit check; we use a soft inquiry and verify your income and checking account instead.
Can I get a personal loan with fair credit?
Yes, you can apply. A score of 580–669 is fair credit, and the decision depends mainly on income and the checking account. Approval isn’t guaranteed, and the amount, up to $10,000, depends on your state and your income.
Find out what you can borrow
Apply online in minutes. Soft inquiry only; approval isn’t guaranteed and depends on income and verification.