Guaranteed Loans for Bad Credit

By Grace Kilander

Are you struggling to get a loan due to your bad credit score? You might be considering a payday loan as a last resort, but just know that there are safer options available. 

Alternative options we’re going to mention won’t leave you spending a fortune on high interest or fees–and a poor credit score won’t stop you from being approved. We know avoiding those expensive fees over time can lead to bigger debts and more stress. Read on to find out how someone with bad credit can qualify for a loan.

0% interest cash advances 

What if we told you that you could borrow money until your next payday–without paying a fee. This may sound too good to be true, but it isn’t. MoneyLion offers interest-free cash advances of up to $250 through the Instacash feature with no monthly or required fees. 

Hard credit inquires aren’t required, so it’s the perfect opportunity to get your hands on fast cash even if you have bad credit. Plus, it’s easy to apply, and the funds can be yours to use in just minutes when you opt-in for turbo delivery.


To qualify for an Instacash cash advance, you need an active bank account that’s at least 2 months old and in good standing. MoneyLion will securely scan your account to check for a history of steady deposits and transaction activity. If you’ve hit a snag in your employment status, no need to worry– government benefits, unemployment benefits, alimony, and child support will suffice.

How to apply 

Do you meet the qualification requirements? To apply for an Instacash cash advance of up to $250 follow these simple steps: 

  • Download the mobile MoneyLion app.
  • Create a login with your email address. 
  • Tap Instacash and connect your checking account. 

Once you’ve synced your primary bank account, MoneyLion will analyze your banking history to determine eligibility and advance amount. If you’re approved for an offer, indicate the amount of cash advance you want (up to the limit) and select the request button.

Delivery of funds 

If you have a RoarMoney account, regular delivery of Instcash funds should hit your account within 24-48 hours at no cost to you. 

If you’re connecting your Instacash advance to an external account, expect to receive your funds within 3-5 business days at no additional costs. And when the repayment due date rolls around, the funds will automatically be deducted from your account with zero interest. 

This means you can request cash advances whenever the need arises without incurring any interest or required fees. Also, know that it’s not necessary to re-apply each time you want to use the feature.  


Instacash from MoneyLion has no required fees! There’s no monthly fee and no interest. You will encounter an optional small fee if you would like instant funding to a RoarMoney account or external account.


Standard funding delivery (24-48 hours) – no fee

Turbo boost instant funding – $3.99

External account:

Standard funding delivery (3-5 business days) – no fee

Turbo boost instant funding – $4.99

Low-interest credit builder loans 

Do you like the idea of a fee-free cash advance but need a little more than $250 to hold you over? Consider an affordable Credit Builder Loan from MoneyLion. 

You could qualify for up to $1,000 to help you out in your time of need. While you’re paying back your loan we’ll report payment activity to the 3 credit bureaus – Experian, Equifax, and TransUnion. So, your score could receive a boost as the loan is paid down if you manage other outstanding debts responsibly.


Struggling with bad credit doesn’t mean you won’t get approved. In fact, MoneyLion does not run hard inquiries on your credit when you apply for a credit builder loan. However, you will need a checking account that’s at least 60 days old and in good standing. The account should also have a steady history of deposits from employment, self-employment, government benefits, alimony, or child support. 

How to apply

Here’s how to apply for a Credit Builder Loan: 

  • Download the mobile MoneyLion app.
  • Create a login with your email address.  
  • Tap the ‘Loans’ tab 
  • Connect your checking account that you wish to receive funds–payments will be deducted from this account. 
  • View and accept your loan offer.

A Credit Builder Loan from MoneyLion is one of the only same-day funding loans, but there’s a chance MoneyLion will only give you a portion of the loan amount immediately. Any remaining funds will be placed in an interest-earning Credit Reserve Account in your name. Once your make your final loan payment, the remaining funds plus interest are yours to spend on whatever you want. 

Delivery of funds 

From the moment you are approved and accept your loan offer, the funds can be deposited into your bank account instantly. You can use the loan proceeds how you see fit. 

Also, know that loan payments are automatically deducted from your bank account that you accepted the funds in. This is a great way to automate your payments and prevent you from having to worry about due dates and late fees. 


For only $19.99 per month, you can take advantage of this affordable credit-building product that gets you the fast cash you need, monitors, and improves your credit, and helps you build better habits around saving. Additionally, the Credit Builder Plus membership also comes with access to Instacash cash advances and more!

Apply for a Credit Builder Loan today!

Don’t spend another minute agonizing over your bad credit or allowing it to stop you from getting the funds you need. Give Instacash from MoneyLion a try. It doesn’t have to cost you a cent, and it’s easy to apply. Or you can consider a Credit Builder Loan if you want a product that works overtime to beef up your bank account and boost your credit.

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Build your credit and save

Join Credit Builder Plus to get a loan up to $1,000, credit monitoring, exclusive rewards, access to 0% APR cash advances, and more. Over half of members raise their credit over 60 points within 60 days!