Lending for Bad Credit Overview
Lender type: Bad-credit loan marketplace, referral site
Loan types: Personal loans, lines of credit, payday loans
Loan amounts: Varies by partner
Loan terms: Varies by partner
APR range: Up to 35.99% or higher, depending on loan type and referral channel
Best for: People with bad credit looking to compare debt consolidation or emergency financing options
Lending for Bad Credit Marketplace Full Review
Lending for Bad Credit earns strong marks for accessibility, as it works with borrowers with low credit scores and connects them with lenders nationwide. However, there’s room for improvement in customer support, user experience, and reputation. Below, our full Lending for Bad Credit review takes a closer look.
Reputation
Lending for Bad Credit is a bad credit loan marketplace and referral site founded in 2011 and headquartered in Kansas. It specializes in connecting borrowers with lenders nationwide.
Lending for Bad Credit has a limited online profile. The company is not currently accredited by the Better Business Bureau (BBB), and doesn’t have a BBB customer review score. Lending for Bad Credit has an unclaimed Trustpilot profile with an average review score of 2.6 out of 5, which is lower than the industry average of 3.55. However, this is based on only four reviews.
Accessibility and Flexibility
Accessibility
Lending for Bad Credit’s services are available to borrowers across the U.S. The company doesn’t disclose specific requirements for credit scores or income, as eligibility standards vary among lenders in its network. However, the platform appears geared toward borrowers with poor or limited credit, with lending partners that accept low credit scores.
Expert take: “This service is designed to connect borrowers with very low credit scores to lenders willing to approve higher-risk applications.” — Nina Abazyan, Banking professional and personal lending specialist
Flexibility
Customers can find loan amounts between $100 and $40,000 on the Lending for Bad Credit platform, with repayment terms typically lasting anywhere from 61 days to 180 months.
Lending for Bad Credit offers various loan types through its partners, including personal loans, lines of credit, and payday loan-like products. Customers must contact individual lending partners directly to confirm loan terms and availability. The company’s website states that funds could be deposited into your bank as soon as the next business day, if approved for a loan.
Keep in mind that with bad credit, borrowing money is likely to be expensive. This chart shows how a $5,000 personal loan at a 35.99% annual percentage rate (APR) — a possible rate if you have a poor score and are applying through the Lending for Bad Credit marketplace — can cost you significantly with short and long repayment periods.
| Term | Monthly Payment | Total Interest |
Loan A | 24 months | $296 | $2,085 |
Loan B | 84 months | $164 | $8,745 |
Comparatively, a 24-month, $5,000 loan at the average 11.65% APR would cost you $235 per month and only $629 in total interest.
* These estimates are from an online personal loan calculator. Exact costs may vary.
Cost
APR range: Up to 35.99% or higher
Origination fees: Varies by lender
Prepayment penalty: Varies by lender
Late fees: Varies by lender
Other notable charges? May connect you with a small-dollar lender that charges cash advance fees
A lending product through Lending for Bad Credit can have an APR of 35.99% or higher, which is pricey, but generally in line with the high-end APRs that personal loan providers might offer to an applicant with bad credit.
You might see different (and even pricier) terms depending on the channel you use to reach the referral site (35.99% is the cap when arriving through Google or Bing, for instance), so that’s something to look out for when vetting your offers.
Also worth noting: None of the lenders who reached out to us after we completed the Lending for Bad Credit pre-qualification process offered APR discounts or rate matches, though your experience may vary.
The lack of discounts isn’t surprising, as Lending for Bad Credit primarily works with customers with low credit scores. However, if you have a higher credit score, you may qualify for better terms, rates, and incentives by requesting rates directly from lenders or prime credit-centric marketplaces.
Expert take: “Lenders such as Avant and Lending for Bad Credit are more accessible to borrowers with lower credit scores, but this accessibility comes with higher interest rates due to increased repayment risk.” — Nina Abazyan, Banking professional and personal lending specialist
User Experience
Lending for Bad Credit’s website doesn’t contain much detail about its services or pricing. It notes that loan costs, repayment terms, and options vary by each loan company.
Requesting and receiving offers through the Lending for Bad Credit platform requires providing a significant amount of personal information up front. Among other things, we had to specify our employment status, paycheck schedule, monthly income, and whether we had a checking account or direct deposit access to receive offers.
These questions are somewhat common when filling out a full loan application, but rare during the prequalification process. We also had to provide our birthdate, full street address, email, and Social Security number. While this is sometimes part of pre-approval, it felt burdensome, given the level of information-sharing Lending with Bad Credit does across a relatively unclear number of partners.
Once we submitted our information, we were informed that OppLoans was willing to consider us and were taken to its website to continue our loan application.
Separately, we received texts and emails from other potential providers, including additional loan marketplaces and lead-generation sites, over the next few hours and days.
While we could see how someone struggling to find financing might appreciate a connection to viable (though not guaranteed) loan offers, it was difficult to understand, differentiate, and compare each one across text, email, or referral.
We also wouldn’t recommend using the service without fully vetting a proposed provider and thoroughly reviewing its terms, as not all offers were from well-known brands or for traditional personal loans.
Unlike some of its competitors, Lending for Bad Credit doesn’t have a mobile app or an online portal where you can log in and view your offers.
Customer Service and Support
Contacting Lending for Bad Credit
You can contact Lending for Bad Credit by phone at (833) 321-7764 or by using its online form.
Compared to competitors, Lending for Bad Credit’s customer support channels are lacking. The company doesn’t publicly share its email address or list its phone support hours.
When we tested Lending for Bad Credit’s online form, we didn’t get an automatic reply. The only confirmation that our message was delivered was a note that said, “Your feedback has been sent, and we will get back to you shortly.”
We also found the phone experience to be somewhat confusing. When we called the phone number listed on the website, we received an automated message that thanked us for calling “Search ROI,” not Lending for Bad Credit. It also said that if we had questions about our loan, we should contact our specific lender.
Customer Testimonials
Lending for Bad Credit has a limited online presence. It doesn’t have a profile on BBB, and there are only four reviews on Trustpilot. These reviews cite confusion about how the company works and complaints about receiving multiple emails and calls.
One reviewer on Trustpilot states: “Not sure what's the purpose of applying for a loan in these kind of sites that are mainly a loan search engine that after taking the time to fill the form, redirect you to another loan search engine and the chain continues until you are exhausted and at the of the day no loan offer, but a boat load of emails.”
Lending for Bad Credit doesn’t actively respond to bad reviews on Trustpilot.
Methodology: How We Review Personal Loans
BestMoney evaluates loans and debt consolidation companies using 35 criteria across five categories:
Reputation: We analyze each company’s years in business, accreditations, and third-party review scores.
Accessibility and flexibility: We look at national availability, loan types, terms, and requirements.
Cost: We compare APRs, fees, and available discounts across companies.
User experience: We evaluate the ease of rate shopping, funding time, and digital functionality.
Customer service and support: We assess company response times, customer testimonials, and expert insights.
Final Take: Who Is Lending for Bad Credit Best for?
Lending for Bad Credit may be an option for borrowers with lower credit scores looking to explore lenders and loan options. You can start the prequalification process without a hard credit check, which is helpful if you’re unsure about your eligibility. The company also advertises fast funding (which may be as soon as the next business day), though this varies by lender.
However, the company isn’t BBB-accredited and has limited online reviews, so if you’re concerned about reputation, it may be best to look elsewhere. Whichever company you go with, it’s important to understand the terms and fees before you commit, especially as financing offers for bad credit can carry prohibitively high APRs and fees.
FAQs: Lending for Bad Credit
Is Lending for Bad Credit legit?
Lending for Bad Credit is a legitimate company and loan referral site founded in 2011. The company acts as a “middleman,” helping match borrowers and lenders. However, it’s not BBB-accredited, and its Trustpilot reviews are limited.
How fast can you get cash with Lending for Bad Credit?
If you qualify for a loan, you could receive funds as soon as the next business day, according to the Lending for Bad Credit website.
How much does a loan with Lending for Bad Credit cost?
The amount you’ll pay for a loan will depend on various factors, including the APR, your credit score, and your employment history. Costs vary by lender and will be disclosed to you during the loan process.
Physical Address
6709 W. 119th Street #338
Overland Park
Kansas 66209
