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Best Bad-Credit Loan Lenders in Massachusetts

MoneyGeek ranked the best lenders for borrowers with bad credit in Massachusetts based on more than 35 data points. Our analysis considered interest rates, minimum credit score requirements, loan limits and repayment terms. We also factored in customer satisfaction and business ratings to find the best bad-credit loans in Massachusetts.

Our analysis found that Upstart is the best lender for borrowers with bad credit in Massachusetts. With this lender, borrowers with a minimum credit score of 300 can qualify for a loan. Our runner-up choice is Upgrade for its flexible repayment terms and relatively low minimum credit score requirement.

Best Overall Bad-Credit Loan in Massachusetts: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


Runner-Up for Best Bad-Credit Loan in Massachusetts: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


How to Choose the Best Bad-Credit Loan in Massachusetts for You

In Massachusetts, personal loans carry an average interest rate of 9.23%. However, individual factors like credit score, income and DTI ratio impact factors like APRs, loan limits and repayment terms. Before applying for bad-credit loans in Massachusetts, it's important to consider your borrower profile to find the best lender for your needs.

MoneyGeek recommends taking the following steps to find the best bad-credit loan in Massachusetts:


Ask Yourself the Important Questions

A bad-credit loan can help you access funds for emergencies, debt consolidation or other purposes. However, before researching different lenders, it’s important to ensure that a bad-credit loan is the best option for you. At a minimum, ask yourself the following questions:

  • How much funding do you need? Start by figuring out how much you need. Knowing your loan amount will also help you narrow down your lender options.
  • What is your credit score? Your credit score will impact your loan eligibility as well as the rates available to you. To receive a low interest rate on your bad-credit loan, consider improving your credit before applying.
  • Can you afford the monthly payments? Before applying for a loan, calculate your approximate monthly payment to ensure it fits within your budget.
  • How much debt do you already have? Consider repaying your existing debt before taking out more.
  • Is your debt manageable through other means? Consider whether there are other financing alternatives that may be cheaper.

Do Your Research

Compare lenders to find the best rates, terms and options available to you. MoneyGeek’s recommendations can guide you on the best lenders for different profiles, but each borrower has unique needs, so it is important to do your own research.


Read the Fine Print

When applying for a loan, borrowers often miss hidden charges and other terms by not carefully reviewing the fine print. You can avoid this pitfall by ensuring that you have reviewed all the terms and conditions of your loan. Late fees, origination charges and other costs can drive up the cost of your loan over time, so it is best to understand them upfront. You can always ask your lender for clarification on any terms or rates in the fine print that you do not understand.



After choosing a lender, it’s important to take some time before applying to consider your decision. Loans impact your finances for a long time, so avoid taking out a loan on impulse by waiting a day or two to consider the commitment you are signing up for. During this time, you should carefully weigh a personal loan against any other financing options available to you to ensure that it is the best decision.



Once you have done your due diligence and are happy with your choice of lender, you can proceed to apply for the loan. In most cases, lenders have an online application procedure. However, you will still need to provide supporting documents for identification and financial history. To save time, you can gather these documents in advance.

It is important to review the application carefully to ensure you’ve provided all the required details. That way, your application will be processed without delays.

What to Do if You Can’t Get a Bad-Credit Loan in Massachusetts

In some cases, a lender may decline your loan application. This could be due to a variety of factors, including failing to meet the minimum requirements or having a high DTI ratio. If you are declined, you should not get discouraged.

It is best to ask the lender why your application was denied. This will give you insight into what you need to do to improve your creditworthiness. Factors like a bad-credit score or high DTI ratio can be improved over time, so you may qualify for a loan in the future.

Avoid reapplying before you have worked on the factors that caused you to be declined. MoneyGeek also strongly advises against payday loans. These types of loans feature high interest rates and short repayment terms, which can cost borrowers more money in the long run.

Calculate Your Monthly Payment

The best way to figure out if you can afford a personal loan is by calculating the expected monthly payments, including interest for the amount you want to borrow. You can use MoneyGeek’s personal loan calculator to estimate your expected monthly payments.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in Massachusetts

If you are looking for the best bad-credit loan lender in Massachusetts, it’s important to consider your borrower profile and unique needs. MoneyGeek answered some of the most commonly asked questions about bad-credit loans in Massachusetts to help you learn more.


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MoneyGeek’s analysis of the best bad-credit loans in Massachusetts reviewed over 30 personal loan lenders in the state for more than 35 data points. Our analysis focused on several data points across six main categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

MoneyGeek considered several factors within each ranking category based on data points that we feel matter most when looking for a lender. Some of the factors in our analysis include APR ranges, loan limits, credit score and income requirements, rates, fees and funding time.

At MoneyGeek, you, the consumer, are our top priority. As such, we also took into account other features that impact a user’s experience, like customer service and business ratings, as well as convenience features like mobile applications, prequalification and payment options.

MoneyGeek’s recommendations are made after careful evaluation with your best interests in mind. Our aim is to help you to make smart financial decisions when choosing the best lender for your situation.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.