A subprime credit score (below 640 FICO) makes borrowing challenging, but it does not mean you have to surrender to predatory 400% APR payday loans. Several reputable online lenders and credit unions offer structured installment personal loans designed for credit rebuilding.
Top Bad Credit Installment Lenders
Refer to our lending master guide for general loan requirements.
| Lender | Minimum Credit Score | Typical APR Range | Loan Amounts |
|---|---|---|---|
| Upgrade | 580 | 9.99% – 35.99% | $1,000 – $50,000 |
| Avant | 550 – 580 | 9.95% – 35.99% | $2,000 – $35,000 |
| OneMain Financial | No hard minimum | 18.00% – 35.99% | $1,500 – $20,000 |
| Federal Credit Unions (PALs) | Any (Member based) | Capped at 28% APR | $200 – $2,000 |
Alternatives: Credit-Rebuilder Cards and Secured Loans
If loan terms remain unfavorable, consider applying for secured credit cards designed for rebuilding credit or an asset-secured personal loan. Simultaneously implement proven steps to boost your credit score so you can refinance into prime loan tiers within 12 months.