Fast Loan Advance Bad Credit Loans That Look Beyond Your Score
A low credit score doesn't have to mean no. We consider your income, job and banking history, not just your credit report.
- Borrow $200 to $5,000
- Checking your rate won't affect your credit score
- Funds as soon as the next business day
Fact-checked by the Fast Loan Advance Editorial Team. Updated October 17, 2026.
What is a bad credit loan?
Bad credit loans are installment loans for borrowers with fair or poor credit, typically scores below 670, or with little credit history. Instead of relying on your score alone, the review weighs steady income, employment and how you manage your bank account.
Because lending to lower scores carries more risk, rates are usually toward the top of our 5.99% to 35.99% APR range. Borrowing a smaller amount and choosing a shorter term keeps your total cost down.
Pros and things to know
Why borrowers choose it
- Scores under 580 and thin credit files considered
- Fixed payments instead of a payday lump sum
- APR capped at 35.99%
- On-time payments may help rebuild credit
Good to know
- Rates are usually higher than for good credit
- First-time approvals may be for smaller amounts
- Missed payments can lower your score further
What a bad credit loan costs
Representative examples, each including a 5% origination fee added to the loan balance.
| Example | $500 | $1,000 | $2,000 |
|---|---|---|---|
| APR | 35.99% | 33.99% | 29.99% |
| Term | 6 months | 12 months | 24 months |
| Origination fee | $25.00 | $50.00 | $100.00 |
| Monthly payment | $96.91 | $104.43 | $117.41 |
| Total of payments | $581.47 | $1,253.20 | $2,817.75 |
Examples are for illustration. Your APR, fees and term depend on your credit, income and state, and appear in your loan agreement before you sign.
Bad Credit Loans payment calculator
Adjust the amount, term and APR to estimate your monthly payment.
Estimates exclude origination fees.
- Number of payments
- 12
- Total interest
- $187.57
- Total repaid
- $1,187.57
How it compares
| Feature | Bad credit loan | Payday loan | Secured credit card |
|---|---|---|---|
| Typical APR | Up to 35.99% | Around 400% | 25% to 30% |
| Cash available | $200 to $5,000 | Usually $100 to $500 | Only your deposit |
| Repayment | Fixed monthly | Lump sum on payday | Revolving |
| Builds credit | Often | Rarely | Yes |
Typical industry figures for comparison. Related guide: How to get an emergency loan with bad credit, fast.
How to get a bad credit loan
- Check your optionsComplete the 2-minute request. It uses a soft credit check.
- Review your offerSee your APR, payment and total cost before you commit.
- Get your fundsSign online and receive money as soon as the next business day.
Bad Credit Loans FAQ
Can I get a loan from Fast Loan Advance with bad credit?
Yes. All credit types are considered, including scores below 580 and no credit history. Your income and banking history carry more weight when your score is low.
What APR will I get with bad credit?
Borrowers with scores under 580 typically see APRs between 29.99% and 35.99%. Your exact rate is shown in your loan agreement before you sign.
Will applying hurt my already low credit score?
No. Checking your options uses a soft inquiry that doesn't affect your score. A hard inquiry may happen only if you accept an offer.
How much can I borrow with bad credit?
Bad credit loans range from $200 to $5,000. If your score is low, your first offer may be smaller.
Can a bad credit loan help my credit?
It can. Lenders often report installment loan payments to the credit bureaus, so a record of on-time payments may improve your score over time.
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