It happens to everybody. You need money and you’re in a tight pinch. Whether you need help with a surprise cost on your car, a big appliance around the apartment broke, or something in your small business needs a repair, you need money and you need it fast. Don’t be surprised. Almost 40% of Americans can’t even cover a $400 emergency with the money in their bank account.
This problem gets bigger when it’s already happened before—and you have bad credit. Sometimes life happens and it’s outside your control. We understand
Our team has created this list of 12 Buy Now, Pay Later options for people with bad credit so you can be safe when those emergencies come up. We’ve categorized them based on what type of lender they are so you can make that check without breaking the bank.
Here Is The List Of The Best Buy Now, Pay Later Loans [Reviews]
#1. MoneyMutual : Overall Best Company For Buy Now Pay Later Loans
MoneyMutual takes the top spot because they are a credible lender that ensures that your funds are available in as little as a day. If you’re having an emergency and you need your money immediately, you’ve found the right place. MoneyMutual has served over 2 million customers, which means you know you’re in good hands.
Their criteria for customers are rather simple, and if you’re searching for a loan with bad credit, you likely already fit them. You must be at least 18 years old, make at least $800 a month, and have a bank account. When you finish this short form, you’ll be on your way to having your emergency funds.
There’s a reason why their tagline is “At The Speed of Life.”
- Up to $5,0000 in loans
- Raving reviews by millions of customers
- Get your money within 24 hours
- Simple application
- Not available in New York or Connecticut
- Must have $800 a month in income
#2. CashUSA.com : Best Option For Bad Credit
CashUSA takes the second spot on this list because you’ve probably already heard of them. They are one of the biggest loan marketplaces in the market. They have secured that spot because CashUSA focuses on their customers. In fact, you do not have to pay any fees to make loan requests.
CashUSA stands out because you can loan for up to $10,000 dollars. In just a few minutes, you’ll be paired up and can make your decision from plenty of reliable money lenders. Since these are personal loans, you can use them for any purpose, and you can have them by the next business day.
CashUSA also requires their customers to be at least 18 years old. They also ask for a little more income a month, $1,000, to ensure that they are making safe loans, and your home information. This is more than other marketplaces ask for, but you can request up to $10,000.
CashUSA is fast, lenient, and can cover your emergency in a pinch.
- Up to $10,000 loans
- Credible lenders
- Receive the loan by next business day
- More information required on an application
- Must have at least $1,000 in monthly income
#3. BillsHappen : High Reviews By Customers
BillsHappen takes the third spot on our list because it’s perfect for people with bad credit. We understand. Life happens. Accidents happen. There’s no way to predict when and where you’re going to need your excess money, and that means your credit score will pay for it. But just because you have bad credit, doesn’t mean you can’t get a loan. That’s where BillsHappen has your back.
BillsHappen offers fast loans for up to $5,000. They have an easy request process to match you up with your lenders, and you could have your funds as early as the next business day. They use the newest SSL technology to keep your transactions secure, and do all of the hard work to match you up with a lender.
BillsHappen requires a little more on their application to match you up. They’re going to need your address, your social security number, and your driver’s license to make sure you’re a valid person to loan to. They also make sure that income is coming into your bank account.
If you need a personal loan fast with lenders who don’t mind your bad credit, try BillsHappen. Check your contract and with your lender for details.
- Up to $5,000
- Have your money by the next business day
- Gladly serves people with bad credit
- Asks for more information than competitors
Most American towns and cities were made with people who drive in mind. Public transit can be slow and not get exactly where you need to go, and you can’t bring your groceries home to your family with only two hands and a bus ride. We understand that you need a car. And sometimes, that means taking a loan to get one.
This section of our list is going to specifically address auto loans. Again, these are lending marketplaces, which means these companies pair you up with lenders based on their algorithm to find you the lender perfect for your needs.
#4. Auto Credit Express : Best For Emergency Loans
Auto Credit Express is our top Buy Now, Pay Later auto loan because they specialize in bad credit, bankruptcy, and repossession. They are in the market for people who specifically need the help, and they have actually closed over $1 billion in bad credit auto loans. Tons of people come in, needing money for their cars, and they provide.
It only takes 3 minutes to apply for an auto loan, and they can match you up with lenders in your area to help you find the best financing options. After your request, you’ll receive an email in minutes, and you can be working towards your new auto loan by the end of the day. If you have bad credit and need a car, consider your search over. Help rebuild your credit with Auto Credit Express.
Money lenders and banks want to see that you’re responsible and can handle loans. That includes auto loans, which you might already need for your car. By making reliable payments with the lenders provided by these marketplaces, you can slowly rebuild your credit and impress your banks. Be reliable, be good, and you can work your credit back up.
- Great opportunity for people with bad credit
- Closed over $1 billion in bad credit auto loans
- Easy request application
- Applicants with bad credit must earn at least $1500 to get a loan
#5. car.Loan.com : Best For Car Loans
Car.Loan.com is another easy to use marketplace that can have you set up with a lender within minutes. There aren’t any application fees, and they specialize in bad credit, so anybody who needs help getting onto the road can stop looking. They’ve been in business since 1994 and have secured a top spot in this market.
Car.Loan.com connects thousands of buyers to lenders a day, and you could find out today if you want to be one of them. Their credible business practice and lenders means you can be safe while still paying off your car. Don’t cheap out on your car. It’s an important part of your life, and ensuring that you have a good loan for it is important in keeping it.
- Free, easy application
- Specifically works with bad credit customers
- Been in business since 1994
- Does not have a similar Better Business Bureau rating to their peers
#6. myAutoloan.com : High Chances Of Quick Approval
myAutoloan takes the third spot on our list because you can get your check quickly. Once you fill out your short application, you can get your money in as little as 24 hours, like a personal loan. myAutoloan matches you up with lenders from across the country to make sure that you can get a loan option that works for you.
This marketplace allows you to find a loan for all kinds of cars. It doesn’t matter if you’re looking for a new car, a used car, or just refinancing, myAutoloan can do it and do it fast. If you have bad credit, that’s okay—they can still find loan options just for you.
- Loans for all types of cars
- Works with bad credit
- Get your money within a day
- Does not have a similar Better Business Bureau rating to their peers
If you have bad credit, you’re not alone. About 40% of Americans cannot afford an emergency of $400, and about 27% of Americans have bad credit. Of course there’s big overlap between these two groups. Because once life happens, it happens hard, and it happens fast, and your finances drain quickly.
Once you’re working your way back up, there’s no better way to work on raising your credit score back up than with a credit card. If you don’t already have one, we highly recommend you to apply for a credit card. They allow you a good amount of emergency funding when you’re in a pinch without having to apply for a loan.
Also, credit cards report your usage to the three major credit reporting bureaus which means good and reliable usage of your credit card will impress them. By using your credit card, you will regain ground on your credit score and work it back up into the fair range.
#7. Surge Mastercard : Best In Credit Card Companies
The Surge Mastercard takes our credit card list because it allows people of all credit types to apply. Even if you aren’t in bad standing, you can use this credit card to help increase your score to great. Credit scores take into account the average age of all your accounts, so if you start right now and get approved for Surge Mastercard, you’ll be racking up the years and giving your score a boost.
The Surge Mastercard in specific gives a few key features. You can see if you’re pre-qualified for the card before you actually apply, which means they do not make a hard credit check and decrease your credit score. Surge Mastercard wants to help you out of the bad credit range and into the great ones, so they report to the bureaus to help raise those numbers.
The initial credit limit can range from $300 to $1000 depending on how much you have available, and their application process is easy. Once you have the card, you can do your online banking for free and even access your Vantage 3.0 score to check your credit score more easily.
- All credit scores welcome
- Initial credit limit can be up to $1000
- Fast application process
- Free access to your Vantage 3.0 score
- Checking account required
#8. Indigo Platinum Mastercard Credit Card
The Indigo Platinum Mastercard Credit Card takes second on our list because they are specifically aiming for card holders who don’t have perfect credit. All your monthly payments are reported to the three major credit bureaus to help build up your payment history and get a higher credit score. Indigo uses 24/7 online banking to help you monitor your card activity, pay your bills, and even activate your card.
The Indigo Platinum Mastercard is an unsecured credit card, which means they don’t need a security deposit. Indigo also understands that people with poor credit don’t need another hard check on their score to give them a temporary ding, so you can check for your prequalification to see whether or not you fit the card before they do the check. That way, you know if you qualify for the card and can use it to get back your credit score before it bumps you down for the check.
- Pre-qualification check to help keep credit score
- Specifically for people with less than perfect credit
- Unsecured card
- Only $300 credit limit
#9. PayPal Prepaid Mastercard
You might think it’s weird to see a debit card on this list, but that’s because the card was too good not to include. You know PayPal. You see their logo on pretty much every online checkout, you use it to send money to your friends to pay for dinner, you use it whenever you need money. PayPal is a trustworthy and credible name in this industry, and it takes them far. If you need a new card, look no further.
Unlike other debit cards, PayPal offers you payback rewards on certain purchases. Just for using your debit card, you can get rewards. Not many debit or credit card companies do that. They make these offers based on your spending habits to incentivize you to shop at specific places, which means you can continue shopping at your normal places to rack up money that you wouldn’t have gotten anywhere else. PayPal also offers your direct deposit money two days after than other cards because they are not a typical bank.
- Earn cash back on debit card based on your spending habits
- Get your direct deposit two days earlier
- Easily move money from PayPal to your prepaid card
- A debit card instead of a credit card
Many money lenders keep interest rates high because their customers might be risky. The more risky a loan or a credit card is, the higher the interest rate, because they are less sure that they are going to get their money back. That’s why personal loans are often more expensive than a specialized loan like a business loan or an auto loan. You are paying for that freedom, because your freedom means their risk.
If personal loans are the free end of the spectrum, retailer credit cards are the other end. They are ridiculously safe because they are limiting you on where you can spend. It’s a good thing that these retailers are a great place to spend at, because you can get a safe card to rebuild your credit, because they know exactly where their money is going.
If you need to build up your credit history and you have a very low score, these credit accounts are perfect. These companies we’ve selected already have a big range of options so you can get your online shopping done easy and fast, and build your credit up at the same time.
Make sure to read the fine print on accounts as you go and look for them. Not all retail lines report to credit bureaus to increase your credit score. That might be a good thing, though, if you think that opening a credit card will only tank your credit because you can’t reliably pay off your cards. Plan ahead, spend wisely, and build that credit back up.
#10. Fingerhut Credit Account
Fingerhut takes the top of our retailer list because they know what you want. You want to increase your credit score, while keeping low monthly payments, shopping for the brands you know and can trust. You’ve come to the right place. They help you pay off your expensive purchases monthly so you can afford what you need.
Fingerhut has a 90% approval rate, which means you are very likely to get instant approval for this card and start working on your credit. Their online store has a big selection to choose from, with trustable brands you know and love. If you need your Ninja blender any time soon, or your Roku, or your Apple Watch, you can do it with Fingerhut and regain your credit while doing it.
- 90% approval rate
- Reports to all three major credit bureaus
- Can shop for a big selection of items, rivalling department stores
- Easy application, get your account in seconds
- Can only shop at Fingerhut
#11. Montgomery Ward
The Ward’s Credit Account makes it easy to buy from Ward and pay for what you need over time, which makes it take our list. Today, Montgomery Ward is a huge online retailer who carries the brands you know and love to help people with bad credit get their scores up higher. Ward reports to major credit bureaus so your score can increase while you shop.
Ward Credit is a perfect fit for people who have an itch for online shopping. With a giant selection with the brands you love, you have both the quality and quantity of choices fit for your home. Ward also helps you keep your budget on track with payments as low as $10 a month and no annual fees, to keep your credit journey going. As the money comes straight from Ward, they know where the money is going, and you can know where your next purchase comes from.
- Monthly payments as low as $10 with no annual fees
- Reports to the major credit bureaus
- Earn higher limits as you spend
- Giant selection of retail
- Can only shop at Ward
ZebitLine is a great credit account for those who do online shopping. However, they do not affect your credit in any way. If you’re still in financial trouble and looking for a way out, that might be perfect for you. Perhaps you need to furnish your home but you’re not sure whether or not you can make reliable payments. With ZebitLine, they do not report your activity to the credit bureaus, so this can be a perk.
Zebit is a huge online store that sells name-brand goods at wholesale prices. If you need to shop for your home and need to spread that payment over the next few months, you’ve found the right card. You can have up to $2500 of interest-free credit with the store, without a credit check to ding your score, and you can open a credit line to pay for your next Keurig coffee maker.
- Up to $2500 in interest-free credit
- No credit check
- No hidden fees
- Quick application process
- Does not report to credit bureaus
How We Made The List Of The Best Buy Now Pay Later Loans
We made this list with customers in mind. The biggest factors that we were looking for were:
- How big is the loan
- How trustable is the lender
- How fast can you get the money
- Do they conduct a credit check
- What type of lender are they
We’ve made this comprehensive list with the best loans, auto loans, cards, and retailers that we’ve found on the market to truly fit your needs. Some people specifically need an auto loan and some need their month to month shopping done, and we’ve made sure nobody has fallen in the cracks.
Our list of loans are more flexible than any other part of the list, which is why we put them up top. There are no restrictions and how you use this money, which makes it easier to do what you need to do. Less hoops, less steps.
We’ve included loan marketplaces in our list. That means you aren’t loaning money straight from these companies. Instead, they match you with a lender that can provide for your needs. We’ve ensured that we’ve picked the most credible marketplaces that conduct business with credible lenders.
Remember, each of these loan marketplaces are only matching you up with a money lender. After your loan request, you will have several options. Make sure that you study the fees, understand the loan, and know where penalties will occur so you can make your best financial decision.
Buying Guide: Know Everything Before Getting Yourself A Loan
Our article is not the end-all, be-all of the Buy Now, Pay Later industry. These are just a collection of the best offers that we’ve found that you can use. If you find that these offers don’t work for you and you need to look a little deeper into the industry, that’s okay too. We got you covered.
We’ve created this buying guide for potential customers of the Buy Now, Pay Later industry to help you make proper financial decisions. Taking on a loan or a credit card is a big decision that will affect your credit and your budgeting for months and years to come, and we want to make sure that you know what you’re getting into.
When you’re looking for a Buy Now, Pay Later option, you should prioritize these factors:
- Is this option within your means
- Whether or not you can afford it
- Credit score impact
- Low interest rates
- Low monthly payment
We are not financial experts and you can always consult an expert to help create your plan—but we’re people too, in the same exact situation as you are. Some of us have had to build up our credit after taking some hits, and we can relay that advice back to you.
Make sure your Buy Now, Pay Later option is within your means. The number one priority when looking for an option in this industry is whether or not you can do good by this option. If you are taking out a new credit card and you max out your line of credit and only pay off the minimum every month, that balance increases every month until you pay it off. If you are planning to be financially irresponsible, plan again. This industry is the business of giving second chances, and making sure you use it well.
If you are looking for a Buy Now, Pay Later option, make sure to pay your bills on time. These lenders and credit lines are for people with bad credit, and bad credit is usually obtained by people who cannot make their payments. That’s why the numbers on these cards and loans are much lower than other options.
But having bad credit isn’t the end of the world. If you use these options properly, using ones that report to the bureau, taking out a small limit credit card and an auto loan to pay for your card and paying them on time, you are establishing a payment history. A positive payment history is the road back to good credit, which will open your options back up.
This means the most important part about buying in this industry is knowing your financial limits. What can you afford to pay for every month? Can you cut parts of your budget elsewhere? If you apply for a different loan with a lower interest rate, will that give you more breathing room to make different decisions? You should know the answers to all of these questions before looking for a Buy Now, Pay Later option.
That being said, you are probably in this market because of a financial emergency. You might not have the time to go through and ponder every question you have to. That’s why it’s important to find an option you can trust, to know if you’re in good hands.
The second thing to look out for in this market is knowing exactly what type of Buy Now, Pay Later option you need. Find the option that fits you the best.
If you are looking to pay off your espresso machine for your small cafe, look for a business loan. If you are looking to finally lease a car so you can commute to your job, look for an auto loan. It might be tempting to use a personal loan for both of those options, because it provides you with more freedom, but that freedom costs money.
By choosing an option that fits your needs better, you are cutting down on risk, and cutting down on interest. We cannot stress this enough. Being a savvy shopper will save you money. You can cut down on interest by choosing an option that’s best suited for you.
The third most important factor to look for in Buy Now, Pay Later options is what the option’s effect on your credit score is. There is a big range of options in this industry, that range from not touching your score at all, to allowing you to check if you pre-qualify before making a hard inquiry against your score, to cards that are specifically tailored for people with a low credit score who are working hard to keep it up.
If you have a good credit score, talk to a representative from the bank or credit union you currently are a customer of. By talking to a banker, you might be able to secure a loan with a company that you already have good financial standing with.
If you have a bad credit score, ask yourself what your goal is. Is your goal to currently stay financially afloat, and not do any more dings against your credit score? If so, look into retailers who don’t do a credit inquiry and allow you to pay for your goods over a period of months. This extra leeway will give you the breathing room you need to get into a better spot financially.
Some people are in this market instead to increase their credit score. If this is your goal, you should look into getting credit cards specifically tailored for people with bad credit. Look for companies that report to the three major credit bureaus and pay all of your monthly payments on time. Doing this creates a positive payment history. Once you have a good track record for paying back your debts on time and responsibly, your credit score will continue to rise, and you can start considering more options.
Once you have taken these first three steps, you are ready to go looking out in the Buy Now, Pay Later industry. By keeping your finances in mind while exploring your options, you are keeping yourself financially safe. By knowing what your financial need is, you can cut down on unneeded risk and unneeded interest and keep your monthly payments lower. And once you consider your credit score and what your goal is with it, you can boil your options down to the few that you’re comfortable with.
We are going to end this buying guide with congratulations. Looking for a Buy Now, Pay Later option is a big financial decision, and it’s smart to be well informed and know all of your options before you make such a big change to your lifestyle. It might mean tighter budgeting, it might mean cutting out specific things, but knowing what you need and being educated on taking the next actions is a good first step.
Remember, when you’re shopping around:
- Can you afford it
- What fits your needs
- What’s the impact on your credit score
FAQs about Buy Now Pay Later Loans
Q. What does Buy Now, Pay Later mean?
The Buy Now, Pay Later industry is about making a complete purchase and paying it monthly rather than all at once. This might seem like a simple idea—because that’s what a credit card is. But there are more options than just credit cards, which is how this industry came about. Sometimes you need more than your credit limit, like for a car or late fees payment. Most Americans can’t slap a car’s worth of money onto their credit limit, and that means auto loans.
The Buy Now, Pay Later options we’ve discussed in this article are mostly for people with bad credit. That means they cannot apply for traditional credit cards or loans, so we’ve put together options for the 27% of Americans who fall in the cracks of traditional money lending.
Q. Can I get a credit card with a bad credit score?
Yes. In fact, many credit cards are made specifically tailored for people with bad credit. These cards usually have low credit limits around the $300 range to decrease their risk. But a low limit doesn’t mean low spending. If you are able to pay off your statement, you can always buy more for that month. These credit cards, with reliable payment, are designed to help people with bad credit climb back up into a good credit score.
Q. Can I get a Buy Now, Pay Later option without a credit check?
Yes. There are many options for loans without credit checks, and some retailers skip the bank and simply loan you their money. These loans are usually incredibly high risk with a high interest rate, or are the opposite, keeping a really low risk by limiting where you can spend the line of credit.
It’s true that traditional money lenders charge people with lower credit scores and higher interest rates. Sometimes they even require an upfront deposit or collateral to ensure that you are going to pay their money back. If you have a low credit score, you can avoid these high rates and other fees by choosing an option without a credit check. While it does limit your choices, it is safer.
Loans without credit checks can help improve your credit as you make good payments on them monthly. However, opening a line of credit with some retailers will not increase your credit. If you pay your plumber off in installments directly to them, chances are they are not going to report that to credit bureaus and increase your score.
Q. Are Buy Now, Pay Later options safe?
Yes, they are safe if you choose an option within your means. A credit card is entirely up to you—it will be safe if you are a safe spender, and buy within your means. It will not be safe if you max out your card and pay the minimum every statement and watch interest build up. The same can be applied to other options, like loans and lines of credit. When you are reviewing the terms for your loan, make sure the interest rate is safe for your monthly budget and it can fit within your means. If it does not, then do not take out the loan. Opening a line of credit with a retailer will cost you what you buy, sometimes even without interest. Many options are safe, other options require the customer to use them responsibly to stay safe.