Best 7 High Risk Personal Loans Guaranteed Approval Direct Lenders (2023)

This comprehensive guide explores the top 7 best high risk personal loans guaranteed approval direct lenders available in October 2023. We’ll compare interest rates, loan amounts, terms, eligibility criteria, and more to help you find the right bad credit loan for your needs. You can get guaranteed loan approval regardless of credit score with the right lender.

Top 7 Best High Risk Personal Loans Guaranteed Approval Direct Lenders

• Cash Request Online
• Lendmill
• Get Funds Asap
• Prime time advance
• Payzonno
• My Credit Advance
• Money Aids

Detailed Overview Of The Best 7 High Risk Personal Loans Guaranteed Approval Direct Lenders

#1. Cash Request Online

??Best high-risk personal loan lenders for fast funding and flexible terms

Cash Request Online is an online lending marketplace connecting borrowers to a large network of lenders across the country. Even applicants with very poor credit can be matched with lending partners specializing in high-risk loans. They offer quick access to personal loans and guaranteed approval ranging from $100 to $5,000.

??Highlights

• Easy online application takes just minutes
• All credit types welcome
• Loan terms from 3 to 24 months
• Fixed interest rates from 5.99% to 35.99% APR

• Loan Amount: $100 up to $5,000
• Term: 3 months up to 24 month
• Interest Rates: 5.99% and go up to 35.99% APR

??Eligibility

• Be at least 18 years old
• Have a steady source of income of $1,000 per month
• Be a U.S. citizen or permanent resident
• Have an active checking account

??Application Procedure

• Visit the official website: CashRequestOnline.com
• Complete the secure online application with personal and employment details.
• Receive a fast loan offer from one of their lending partners.
• Review the loan terms and e-sign if you wish to accept.
• Deposits can be made as soon as the next working day.

#2. Lendmill:

??Top pick for quick access to personal loan financing despite having bad credit.

Lendmill is an online loan metasearch site that strives to make borrowing fast and efficient. They connect applicants nationwide with their trusted network of direct lenders offering personal installment loans for bad credit borrowers. Even with poor FICO scores below 580, you can get matched to a lender offering a high likelihood of approval.

??Highlights

• 100% online application takes less than 5 minutes
• Access to high approval loans even with very bad credit
• Funding can be obtained in just a single business day.
• Fixed rates from 5.99% to 35.99% APR
• Loan terms from 3 months up to 2 years

• Loan Amount: $100 up to $5,000
• Term: 3 months up to 24 months
• Interest Rates: 5.99% and 35.99% APR

??Eligibility

• Be 18 years or older
• Have an income each month of at least $1,000.
• Have a valid Social Security Number
• Have an active checking or savings account

??Application Procedure

• Head to: Lendmill.app
• Fill up your personal details in the online application.
• Get matched with a lender offering a high likelihood of approval.
• Review the loan offer thoroughly before accepting the terms.
• If authorized, cash can be transferred as soon as the next day of work.

#3. Get Funds Asap:

??Top pick for near-guaranteed approval on personal loans for borrowers with bad credit.

Get Funds Asap is an online lending network that connects borrowers with lenders offering personal installment loans tailored for bad credit. They make it fast and easy to secure the financing you need, even if you have a poor credit history.

??Highlights

• Easy 5-minute online application process
• Near-guaranteed approval decisions
• Access to loans up to $5,000
• Competitive interest rates from 5.99% to 35.99% APR

• Loan Amount: $100 up to $5,000
• Term: 3 months to 24 months
• Interest Rates: 5.99% to 35.99% APR

??Eligibility

• Be a U.S. citizen or permanent resident
• Be at least 18 years old
• Have an active checking account
• Have an income each month of $1,000.

??Application Procedure

• Visit the official website: GetFundsAsap.com
• Complete the online application with your personal details.
• Get matched with a lender from their network offering high approval odds.
• Review the loan offer carefully before electronically signing.
• If approved, you could have funds deposited within 1 business day.

#4. Prime Time Advance:

??Top choice for fast personal loans for bad credit borrowers looking for quick cash.

Prime Time Advance is an online lending marketplace that partners with a trusted network of direct lenders offering personal installment loans for borrowers with bad credit. Their lenders specialize in providing quick financing to applicants despite poor credit histories.

??Highlights

• 5-minute online application process
• Fast approvals even with very bad credit
• Access loans from $100 to $5,000
• Competitive interest rates from 5.99% to 35.99% APR

• Loan Amount: $100 up to $5,000
• Term: 3 months up to 24 months
• Interest Rates: 5.99% up to 35.99% APR

??Eligibility

• Be 18 years or older
• Be a U.S. citizen or permanent resident
• Have an active checking account

??Application Procedure

• Head over to Primetimeadvance.com
• Complete the secure online loan application.
• Get matched with a lender offering high approval odds.
• Review the loan offer in detail before accepting.
• If approved, funds could be sent as soon as 1 business day.

#5. Payzonno:

??Reputable source for personal loans for bad credit with guaranteed approval decisions.

Payzonno is an online loan marketplace that partners with direct lenders offering bad credit personal loans nationwide. They focus on providing fast access to financing for borrowers despite credit challenges or past defaults.

??Highlights

• Easy online application takes just 5 minutes
• Fast approvals even with very poor credit
• Loans ranging from $100 to $5,000
• Competitive interest rates

• Loan Amount: $100 up to $5,000
• Term: 3 months to 24 months
• Interest Rates: 5.99% to 35.99% APR depending on your qualifications.

??Eligibility

• Be a U.S. citizen or permanent resident
• Be at least 18 years old
• Have an active checking account
• Monthly income is $1000

??Application Procedure

• Go over to Payzonno.com
• Decide loan amount needed ($100 to $5,000)
• Confirm you meet eligibility criteria
• Gather ID, income proof, bank statements
• Complete 5-minute online application
• Get matched with a lender
• Review offer thoroughly before accepting
• E-sign loan agreement if approved
• Lender deposits funds quickly, often next day

#6. My Credit Advance:

??Specializes in quick personal loans for borrowers with poor credit.

My Credit Advance is an online lending marketplace connecting borrowers nationwide with lenders offering personal installment loans for people with bad credit. They help match applicants to lenders offering high approval odds.

??Highlights

• Easy online application takes just minutes
• Fast approvals even with bad credit
• Funding in as fast as the next business day

• Loan Amount: $100 to $5,000
• Term: 3 months to 24 months
• Interest Rates: 5.99% to 35.99% APR

??Eligibility

• You must be 18+ years old
• Earn $1,000+ per month
• Be a U.S. citizen or permanent resident
• Have an active checking account

??Application Procedure

• Head to: MyCreditAdvance.com
• Choose loan amount needed ($100-$5000)
• Complete simple online application (5 minutes)
• Get matched with a lender
• Review offer carefully before accepting
• E-sign loan agreement if approved
• Lender deposits funds quickly, often next day

#7. Money Aids:

??Specializes in personal loans for borrowers with past credit issues.

Money Aids is an online lending network that connects applicants nationwide with lenders offering personal installment loans for people with less-than-perfect credit. They focus on quick approvals.

??Highlights

• Streamlined online application process
• Quick approvals and funding

• Loan Amount: $100 up to $5,000
• Term: 6 months to 24 months
• Interest Rates: 5.99% and 35.99% APR

??Eligibility

• To qualify you must be 18+ years old
• Earn $1,000+ per month
• Be a U.S. citizen or permanent resident
• Have an active checking account

??Application Procedure

• Visit the official website: MoneyAids.com
• Complete 5-10 minute online application
• Get matched with a lender
• Review offer thoroughly before accepting
• E-sign agreement if approved
• Lender deposits funds quickly, often next day

Loan Amount

APR Range

Term Length

Minimum Credit Score

Customer Ratings

CashRequestOnline.com

$100 - $5,000

5.99% - 35.99%

3-24 months

All scores considered

4.8/5

Lendmill.app

$100 - $5,000

5.99% - 35.99%

3-24 months

All scores considered

4.7/5

GetFundsAsap.com

$100 - $5,000

5.99% - 35.99%

3-24 months

All scores considered

4.5/5

Primetimeadvance.com

$100 - $5,000

5.99% - 35.99%

3-24 months

All scores considered

4.4/5

Payzonno.com

$100 - $5,000

5.99% - 35.99%

3-24 months

All scores considered

4.2/5

MyCreditAdvance.com

$100 - $5,000

5.99% - 35.99%

3-24 months.

All scores considered

4.5/5

MoneyAids.com

$100 - $5,000

5.99% - 35.99%

6-24 months.

All scores considered

4.3/5

?? High Risk Personal Loans Guaranteed Approval Direct Lenders: Key Features

High Risk personal loans guaranteed approval direct lenders offer many benefits for borrowers with less-than-perfect credit:

• Online applications - no need to visit a bank branch, apply conveniently online
• Fast approvals - lending decisions in minutes, not weeks
• Guaranteed decisions - get a definite yes or no, no waiting
• Quick funds- have money deposited in as little as 1 business day
• Fixed payments - predictable monthly payments that fit your budget

While interest rates are higher than a traditional bank, guaranteed approval direct lenders provide those with bad credit or no credit a viable borrowing option.

?? Steps To Get High Risk Personal Loans Guaranteed Approval Direct Lenders

Getting an instant decision personal loan from a guaranteed approval direct lender only takes minutes:

Step 1: Determine how much you need to borrow and desired repayment terms

Step 2: Check eligibility requirements like age, income, and residency status

Step 3: Have required documents ready like ID, income proof, and bank statements

Step 4: Complete the simple online application form with personal details

Step 5: Receive a fast loan decision from the lender

Step 6: Review the loan agreement terms and e-sign if you accept

Step 7: If approved, the lender will direct deposit the funds into your account quickly

?? Guide to Select the Best High Risk Personal Loans Guaranteed Approval Direct Lenders

When searching for the best high-risk personal loan direct lender for your needs, keep the following criteria in mind:

• Customer Reviews - Select lenders with overwhelmingly positive customer reviews and testimonials. This indicates happy borrowers.
• Transparent Rates - Look for clear information on interest rates, fees, and payment terms. No hidden costs.
• Funding Speed - The best lenders can deposit approved loans within 1 business day.
• Loan Uses - Some lenders restrict loan purpose, while others allow more flexibility.
• Credit Check Policy - Many guaranteed approval lenders still perform soft credit checks but approve based on other factors too.

Prioritizing these factors will help you identify the most reputable direct lender for your specific borrowing needs and credit situation.

?? Best High Risk Personal Loans Guaranteed Approval Direct Lenders - Comparison

Pros

Cons

CashRequestOnline

-Fast approvals and funding -Flexible loan

-Easy application

-Higher interest rates

Lendmill

-Quick and easy application -Near-instant approvals

-Funds in 1 day

-Strict eligibility criteria -High APRs

GetFundsAsap

-High approval odds

-Fast funding

-Rates can be very high -Short minimum loan terms

Primetimeadvance

-Low minimum loan amounts -Fast payouts

-Simple application

-High interest rates

-Short repayment terms

Payzonno

-High approval likelihood

-Easy online application

-Fast payout

-Strict eligibility rules

-High APRs

MyCreditAdvance

-Quick approvals and funding -Simple application

-High interest rates

MoneyAids

-Fast approvals and payouts

-Online application

-Flexible terms

-Very high APRs

-Limited loan amount options

?? How to Get Personal Loans for Bad Credit with the Lowest Interest Rates

While high-risk personal loans will have higher rates than those marketed to prime borrowers, there are some tips to potentially secure more favorable interest rates with bad credit:

• Shop around - compare rates across multiple lenders as rates can vary significantly.
• Boost your credit - even marginal credit improvements can help. Pay down balances, dispute errors to raise your scores.
• Add a cosigner - applying with a cosigner with good credit can help you qualify for lower interest rates.
• Leverage collateral - putting up an asset as collateral can lower rates on secured personal loans.
• Explain past issues - context on past financial issues that hurt your credit can help show responsibility.
• Choose shorter terms - you’ll pay less in interest with a shorter 6-12 month repayment term.
• Build relationships - establishing rapport with a community lender improves your chances at their best rates.

Being proactive can help you secure more favorable interest rates for bad credit personal loans, saving substantially on financing costs.

?? How To Identify A Fraudulent High Risk Personal Loans Guaranteed Approval Direct Lenders

While there are many legitimate direct lenders offering personal loans guaranteed approval for bad credit borrowers, identifying and avoiding lending scams is crucial:

Warning Signs of Lending Scams

• Asks for upfront fees before approving loan
• Doesn't disclose rates, fees, terms clearly
• Pressures you to accept quickly without reviewing
• Asks you to lie on loan application
• Claims "guaranteed approvals" regardless of credit
• Does not verify income or identity
• Uses fake customer testimonials and reviews

Tips to Verify Direct Lender Reputation

• Check complaints with Consumer Financial Protection Bureau
• Read online reviews on third-party sites carefully
• Confirm state lending license on state regulator website
• Research company names, addresses, phone numbers
• Don't rely on testimonials on lender's own website

?? Where Can I Get High Risk Personal Loans Guaranteed Approval Direct Lenders?

The top 7 lenders profiled here offer national availability for high-risk personal loans with guaranteed approvals. While specific loan options differ by state, these direct lenders provide services throughout most of the United States.

CashRequestOnline.com, Lendmill.app, GetFundsAsap.com, Primetimeadvance.com, Payzonno.com, MyCreditAdvance.com, and MoneyAids.com are all online lending marketplaces with availability in most states across America. Specific states may have restrictions but these lenders work throughout the majority of the U.S.

The convenience of getting guaranteed personal loans online means options exist nationwide for borrowers regardless of credit scores or histories. You can get connected with specialized direct lenders from the comfort of your home no matter your location.

?? Are Bad Credit Loans with Guaranteed Approval No Credit Check?

Personal loans for bad credit with guaranteed approvals do still involve credit checks, but not in the way some borrowers may assume. These types of loans will not do a "hard" credit check that negatively impacts your credit score, but they do perform "soft" checks.

Soft credit checks allow lenders to review your credit history and scores without affecting your credit rating. Guaranteed approval lenders can still look at factors like:

• Credit scores
• Late payments
• Debt balances
• Collection accounts
• Public records like bankruptcies

While a soft credit check is conducted, guaranteed approval direct lenders base approval decisions on more than just credit scores. Factors like income, employment status, and ID verification are also heavily considered.

?? Quick and Effective Ways to Improve Your Poor Credit Score

For the best loan terms, you may want to improve your credit score before applying. Here are some quick tips:

• Pay all bills on time - payment history is the biggest factor in credit scores. Set up autopay.
• Check for errors - dispute any inaccuracies on your credit reports.
• Limit hard inquiries - too many credit checks from loan applications will lower scores.
• Watch credit age - having long, established accounts boosts your history. Avoid closing old accounts.
• Mix credit types - having installment loans and credit cards responsibly managed will help.

Improving your credit, even marginally, can open up better loan rates and terms. But even with poor credit, guaranteed direct lenders remain a borrowing option.

Conclusion

For borrowers with less-than-perfect credit, high-risk personal loans with guaranteed approval from direct lenders provide critical access to financing. Instant approval direct lenders offer online applications, fast decisions, and quick funding.

CashRequestOnline.com, Lendmill.app, GetFundsAsap.com, Primetimeadvance.com, Payzonno.com, MyCreditAdvance.com, and MoneyAids.com are all top picks based on loan offerings, reliability, and positive borrower reviews. Be sure to compare multiple lender options to get the best bad credit personal loan rates and terms for your situation.

FAQs

1. What is a high-risk personal loan?

High-risk personal loans are loans designed for borrowers with bad credit. They carry more risk for lenders but provide those with low credit scores access to financing. Approval decisions emphasize factors beyond credit scores.

2. Who offers guaranteed approval on personal loans?

Various online direct lenders specialize in guaranteed approvals on personal loans by looking at aspects beyond credit scores for approval decisions. This allows them to lend to high-risk borrowers.

3. How fast can I get loan funds from guaranteed direct lenders?

The best guaranteed approval direct lenders can deposit approved loan funds into your account in as little as 1 business day. Some may take 1-3 business days but funding is still very fast.

4. Can I get approval for a $5,000 personal loan with bad credit?

Yes, many lenders profiled here offer personal loans up to $5,000 for borrowers even with very poor credit. Amounts over $1,000 may have stricter eligibility requirements.