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Unsecured Loans for Bad Credit
Nothing pledged. No title, no pawned goods, no claim on anything you own. For a borrower with poor credit, that distinction matters more than the rate.
Unsecured means nothing is pledged. No car title, no pawned goods, no claim on anything you own. If the loan goes wrong you owe money, which is serious, but you do not lose the vehicle you drive to work in. For a borrower with poor credit that distinction is the most important one on this page, because the products aimed at you are frequently secured ones.
| Key loan information | Details |
|---|---|
| Loan amount | $200 – $5,000 |
| Collateral | None, on every product listed here |
| Term | 14 days to 24 months |
| Representative APR | 59% – 400% |
| Minimum credit score | None |
| Credit check | Soft inquiry, no FICO® impact |
| If you default | Collection activity and credit reporting, not repossession |
| Funding | Same or next business day |
Unsecured against the secured alternatives
| Unsecured loan | Title loan | Pawn loan | |
|---|---|---|---|
| What is at risk | Your credit record | Your vehicle | The item pawned |
| Typical amount | $200–$5,000 | $500–$5,000 | A fraction of resale value |
| Representative APR | 59%–400% | 60%–150% | Often 120%–240% |
| Reported to credit bureaus | Installment and personal loans, yes | Varies | No |
| Recovery on default | Collections | Repossession | Item sold |
A title loan can price lower, which is the honest argument for it. Weigh that against what happens if a payment fails: the cheaper loan is not cheaper if it costs you the car.
Our unsecured products for poor credit
| Need | Product | Amount |
|---|---|---|
| A few hundred until payday | Payday loan | $200–$1,000 |
| Monthly payments you can plan | Installment loan | $500–$5,000 |
| Speed above everything | Same day loan | $200–$2,500 |
| An unplanned bill | Emergency loan | $200–$5,000 |
| Rate shopping without inquiries | Soft-pull installment loan | $500–$5,000 |
How we approve without collateral or a score
Nothing is pledged, so the decision rests entirely on whether the payment fits. We weigh income, existing monthly commitments and banking history alongside your credit report, and there is no minimum score. Because the loan is unsecured, APRs are higher than a secured product for the same borrower: that difference is the price of not putting an asset at risk.
Eligibility
- 18 or older and resident in a state where we lend
- At least $1,000 a month in verifiable income after tax
- An active checking account in your name, open at least 30 days, without recent returned payments
- Government-issued ID and a Social Security number or ITIN
- No collateral required, and past bankruptcies do not automatically disqualify you
Related pages
Frequently asked questions
What is an unsecured loan?
A loan with no collateral. Approval rests on your income and credit rather than on an asset, so if the loan goes wrong the lender pursues collection rather than repossessing something you own.
Can I get an unsecured loan with bad credit?
Yes. There is no minimum credit score on our unsecured products. The decision weighs income, existing monthly commitments and banking history alongside your credit report.
Is an unsecured loan better than a title loan?
A title loan can carry a lower APR because it is backed by your vehicle. An unsecured loan costs more but does not put the car at risk if a payment fails, which for most households is the more important consideration.
What happens if I default on an unsecured loan?
Late fees apply, missed payments on installment and personal loans are reported to the credit bureaus, and accounts more than 60 days past due may be placed with a licensed collection agency. Nothing is repossessed, because nothing was pledged.
Borrow $200 to $5,000 for any purpose
Apply in about five minutes and get a decision in minutes. Checking your rate won't affect your FICO® score.