Top 10 Best Installment Loans for Bad Credit in the USA

Introduction

Getting approved for a loan can feel impossible when you have a poor credit score. Fortunately, several lenders in the USA now offer installment loans for bad credit, designed specifically to help individuals rebuild their financial standing while accessing much-needed cash. These loans come with fixed monthly payments and flexible terms, making them manageable and predictable.

This article highlights the best installment loans for bad credit in the USA, comparing trusted lenders that provide fast approvals, low interest rates, and flexible repayment terms. Whether you need funds for a medical bill, home repair, or emergency expense, these options offer easy approval installment loans USA with real results.

Quick Summary: Best Installment Loans for Bad Credit (2025)

Here are the top picks for monthly installment loans for poor credit in the USA:

• Speedyfundsnow – Best for fast approvals and flexible terms

• Upstart – AI-driven approval ideal for limited credit history

• LendingPoint – Known for customized repayment plans

• Acorn Finance – Offers multiple loan offers from one application

• SoFi – Member benefits and no fees

• Discover Personal Loans – Reputable, low-rate loans

• Fig Loans – Mission-driven lender helping underserved borrowers

• Check Into Cash – In-store and online loan options

• LendUp – Quick approvals and flexible terms

• CashNetUSA – Fast funding for emergency needs

1. Speedyfundsnow

Website: speedyfundsnow.com

Email:

Speedyfundsnow specializes in fast installment loans no credit check, offering direct access to emergency funds for borrowers with poor or no credit history. The application process is quick, with decisions made in minutes and same-day funding often available. It’s one of the best options for installment loans with flexible repayment.

Pros:

• No credit check required

• Same-day deposit

• User-friendly online application

Cons:

• Limited loan amounts in some states

2. Upstart

Website: upstart.com

Email:

Upstart leverages artificial intelligence to evaluate creditworthiness beyond FICO scores. Borrowers with limited credit history benefit from bad credit installment loans online with quick decisions and next-day funding.

Pros:

• Soft credit check

• Fast approval times

• Competitive interest rates

Cons:

• May charge origination fees

3. LendingPoint

Website: lendingpoint.com

Email:

LendingPoint provides low-interest installment loans USA tailored for individuals with fair or poor credit. They use alternative data and offer customized repayment plans up to 60 months.

Pros:

• Accepts credit scores as low as 580

• Flexible repayment options

Cons:

• Origination fees apply

4. Acorn Finance

Website: acornfinance.com

Email:

Acorn Finance is a loan marketplace that matches borrowers with lenders offering online installment loans for bad credit. One application gives you access to multiple loan offers, allowing comparison shopping with ease.

Pros:

• Multiple offers with one application

• Transparent terms and rates

Cons:

• Loan terms depend on lender

5. SoFi

Website: sofi.com

Email:

SoFi offers low-interest installment loans with zero fees and exclusive member benefits. While they require moderate credit, their fixed monthly payments and high approval limits make them ideal for larger loan needs.

Pros:

• No origination or late fees

• Unemployment protection and job coaching

Cons:

• Higher credit score required

6. Discover Personal Loans

Website: discover.com/personal-loans

Email:

Discover provides guaranteed installment loans for bad credit from a reputable financial institution. Their loans come with no fees and flexible terms, making them a trusted name in personal finance.

Pros:

• Trusted lender

• Fixed rates and no fees

Cons:

• Requires fair credit or better

7. Fig Loans

Website: figloans.com

Email:

Fig Loans is a mission-driven company offering installment loans with flexible repayment specifically for underserved borrowers. They report payments to credit bureaus, helping you rebuild credit while repaying your loan.

Pros:

• Reports to credit bureaus

• Designed for financial growth

Cons:

• Available in limited states

8. Check Into Cash

Website: checkintocash.com

Email:

Check Into Cash offers both online and in-store same-day installment loans for bad credit. Their wide range of loan types gives you flexibility in borrowing small to medium amounts.

Pros:

• Nationwide locations

• Fast in-store funding

Cons:

• High APRs

9. LendUp

Website: lendup.com

Email:

LendUp offers easy approval installment loans USA and promotes financial education. Their ladder system can reward on-time payments with better rates and terms.

Pros:

• Flexible terms

• Credit-building features

Cons:

• Limited state availability

10. CashNetUSA

Website: cashnetusa.com

Email:

CashNetUSA provides fast installment loans no credit check for emergency situations. The online application is quick, and funds can be disbursed within 24 hours.

Pros:

• Same-day funding

• Broad eligibility

Cons:

• Higher interest rates

Comparison Table: Installment Loans for Bad Credit (2025)LenderCredit ScoreLoan RangeApproval SpeedNotable FeatureSpeedyfundsnowNone$200 - $5,000Same DayNo credit checkUpstart300+$1,000 - $50,0001 DayAI approvalLendingPoint580+$2,000 - $36,5001 DayFlexible termsAcorn FinanceVaries$1,000 - $100,0001-2 DaysMulti-lender offersSoFi650+$5,000 - $100,0001-3 DaysNo fees, member perksDiscover Loans660+$2,500 - $35,0001 DayTrusted bankFig Loans580+$300 - $1,0001-2 DaysCredit building focusCheck Into CashNone$100 - $5,000Same DayIn-store availabilityLendUp580+$100 - $2,500Same DayFinancial education incentivesCashNetUSANone$100 - $3,000Same DayEmergency-focused loansFAQs: Installment Loans for Bad Credit in 2025

1. What are installment loans for bad credit?

These are loans repaid in monthly installments, designed for people with poor credit.

2. Can I get an installment loan without a credit check?

Yes, some lenders like Speedyfundsnow and CashNetUSA offer loans without a hard credit pull.

3. Are these loans safe and legit?

Yes, all the companies listed here are reputable with proper licensing.

4. What’s the typical repayment period?

Anywhere from 3 to 60 months, depending on the lender and amount.

5. Do these loans help rebuild credit?

Yes, many lenders report to credit bureaus, helping you rebuild your credit score.

Conclusion

Finding the best installment loans for bad credit in the USA doesn’t have to be stressful. Whether you need fast cash, lower rates, or flexible terms, the lenders on this list provide trusted solutions for borrowers in all financial situations.

Choose a loan that fits your needs and start your journey toward financial recovery today.

SpeedyFundsNow is your go-to partner for quick, secure, and convenient personal loans—particularly when time is not in your favor.