Best Personal Loans for People with Bad Credit in 2026
Best unsecured personal loans for bad credit in 2026. Compare lenders, APRs, approval odds, and avoid high-risk loan traps.
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Video Chapters:
00:00 - Introduction
00:30 - What we mean by "bad credit"
00:50 - What these lenders look at when approving you
01:25 - Why we are only evaluating unsecured loans
01:50 - The full list of lenders for people with poor credit
02:09 - The BEST lenders for people with bad credit
02:57 - The next best lenders for people with bad credit
03:20 - Is NetCredit good for people with bad credit?
04:42 - Is OneMain Financial good for people with bad credit?
05:49 - Is OppLoans good for people with bad credit?
06:39 - Is Rise Credit good for people with bad credit?
08:02 - The third category of lenders for people with bad credit
08:32 - Should you borrow from a tribal lender?
09:40 - Why it's crucial to check your rate
10:21 - Where you can go to check your rate with up to 40 lenders simulatenously
10:48 - Comment, like, and subscribe!
Best Unsecured Personal Loans for Bad Credit in 2026
Welcome back to The Yukon Project.
Today, we’re breaking down the best unsecured personal loans for people with bad credit—and just as importantly, which lenders you should approach with caution.
If you have bad credit, you already know you don’t have access to the same lenders or rates as borrowers with strong credit profiles. That makes it critical to understand lender policies, approval models, and true loan costs before signing anything. The wrong loan can easily make a bad situation worse.
What Counts as “Bad Credit” in This Video?
For the purposes of this video, we define bad credit as a credit score below 620. At this level, most mainstream banks will not approve unsecured loans.
However, many lenders in this space do not rely solely on credit scores. Instead, they use proprietary underwriting models that consider:
Income and employment stability
Credit report details beyond the score
Alternative credit bureaus
Bank account and cash-flow data
This is why one borrower might get approved with a 570 while another is denied at 610. Lenders do not publish their exact criteria, so the only way to know for sure is to apply.
Why We Focus on Unsecured Loans
Many borrowers with bad credit are pushed toward vehicle-title loans, which can put their transportation—and livelihood—at risk if payments become difficult.
We strongly prefer unsecured personal loans because they are less likely to create a domino effect that destabilizes other parts of your financial life.
Lenders Covered in This Video
All of the following lenders offer unsecured loans and may approve borrowers with poor credit:
60 Month Loans
Avant
CreditNinja
Fig Loans
Integra Credit
Mariner Finance
MoneyKey
NetCredit
OneMain Financial
Oportun
OppLoans
Rise Credit
Security Finance
TBO Bank
Upgrade
Upstart
U.S. Bank
World Finance
How We Categorize These Lenders
Not all bad-credit lenders are equal. We group them into three tiers:
Category 1 – Lowest APRs, Harder Approvals
Avant, Oportun, Upgrade, Upstart, U.S. Bank
These lenders typically cap APRs below 36% but often deny applicants below ~620. Always start here, but expect some denials.
Category 2 – Higher Cost, Better Approval Odds
This is where most borrowers with bad credit will find the best balance between approval likelihood and loan terms. We provide detailed analysis of:
NetCredit
OneMain Financial
OppLoans
Rise Credit
These lenders are more expensive, but generally more transparent and predictable than the highest-risk options.
Category 3 – Last-Resort Options
These lenders vary widely in cost, availability, and customer experience. Some may still work for your situation, but they did not earn placement in Category 2.
A Warning About Tribal Lenders
There is a fourth group of lenders we do not recommend: tribal lenders.
These lenders often claim exemption from state lending laws and can charge APRs of 500%–800% or more. Some do not disclose rates until after approval. At those levels, loans can become unmanageable within weeks.
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