If you are looking for the best bad credit loan companies, look no further! We have done all of the work for you. All of these lenders specialize in lending to people with poor credit. They will help you get approved and finance your next vehicle purchase or home remodel project that much easier. The following list is our top favorite bad credit loan companies. You can also visit https://www.sfgate.com/market/article/best-bad-credit-loans-16667013.php for more bad credit loan companies.

Universal Credit

Universal Credit offers a “wrap around” benefit. This means the Universal Credit is designed to help with whatever additional expenses you might have, such as a rent payment or high heating bill. Eligibility for the Universal Credit program varies depending on where you live and your family size. You can apply for the Universal Credit program online or in person. Even if you have a bad credit score, you may be able to get a loan through the Universal Credit program.

Upstart

Upstart is an interesting company. They focus on providing loans to people who have bad credit or no credit at all, but they are often overlooked because of their requirements regarding employment history and debt-to-income ratios. The company has a wide range of loan amounts available with fixed rates starting around 12 percent in some instances (with even lower interest rates available to clients with higher credit scores). But if you have bad credit, Upstart is an option worth considering.

LendingClub

Lending Club is a peer-to-peer lending company that connects borrowers and lenders. Lenders can lend money directly to other individuals instead of going through banks or credit unions, which means they get better interest rates on their loans. Interest rates range from about six percent to 29%. Borrowers pay back the loan over three to five years. There are no prepayment fees, which is a common feature of payday loans, but an origination fee ranges from one to six percent. Lending Club launched in 2007 and has lent over $18 billion as of May 2016. The company also offers student loan refinance products through SoFi (Social Finance, Inc.) and LC Advisors.

The best bad credit loan companies offer various services, including personal loans, car loans, and home mortgages. However, not all of these companies are created equal. It’s essential to do your research before choosing a company to work with. Compare their interest rates and repayment terms to those offered by other lenders. It’s also a good idea to look for flexible payment options and customer support companies.