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Best Bad-Credit Loan Lenders in Mississippi

To determine which lenders in Mississippi offer the best loans for those with bad credit, MoneyGeek reviewed more than 30 personal loan lenders for different factors, like APR ranges, repayment terms, eligibility requirements, loan amounts and more.

Based on our research, Upstart offers the best bad-credit loan in Mississippi due to a low minimum credit score requirement of 300. Upgrade is our second-best choice with its relatively low minimum credit score requirement and flexible repayment terms.

Best Overall Bad-Credit Loan in Mississippi: 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 Mississippi: 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 Mississippi for You

In Mississippi, residents have an average personal loan debt of $17,692, indicating that it’s relatively common to take out a personal loan in the state. While it may be common to take out a personal loan, it may not be the best decision for you.

To make the best decision regarding your bad-credit loan in Mississippi, MoneyGeek recommends taking the following steps:


Ask Yourself the Important Questions

Before moving forward with your loan application, you might want to ask yourself some of the following questions:

  • How much funding do you need? To prevent borrowing too much or too little, it's imperative to know exactly how much you need. This will help you avoid paying more interest.
  • What’s your credit score? Bad-credit loan lenders may have more lenient credit requirements, but that doesn’t mean it’s not a factor in their loan assessment. If you aren’t in urgent need of funds, consider improving your score first to receive the best interest rate on your low-income loan.
  • Can you afford the monthly payments? Missing a monthly payment may significantly impact your credit score. Ensure you can make your monthly payments before applying for a bad-credit loan.
  • Do you have existing debts? Consider repaying your existing debt first before taking on more.
  • Is your debt manageable through other means? Always opt for low-interest or interest-free options, like taking out a low-interest credit card or borrowing from friends and family.

Do Your Research

It's best to conduct your own research. MoneyGeek’s recommendations are a great place to start. Our study covers the typical factors that borrowers should compare, including APRs, loan amounts, eligibility requirements, fund disbursement times and repayment terms. However, you might have more specialized preferences. For instance, you might prefer loans with no origination fees or lenders who offer immediate approval.


Read the Fine Print

Read the fine print of your loan agreement to be aware of any fees for late payments, loan origination, prepayment or check payments. These fees, while seemingly small, can significantly increase the cost of the loan. If you have any questions about the terms of your loan, you should contact your lender for more information.



Once you've chosen a Mississippi lender for your bad-credit loan, you should wait a few days before applying. During this time, you can reflect on your funding needs to decide if a bad-credit loan is right for you.



If after a few days, you’re still confident in your lender choice, it’s time to submit your application. To save time, gather all required documents in advance. This may include documents for proof of identification, address, income and employment. Depending on your lender, you may submit an application online, over the phone or in person.

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

Even if you meet a lender’s requirements, your application may still be rejected. In addition to a low credit score, lenders commonly reject applications due to high DTI ratios, incomplete application details and more.

If your application is rejected, you should contact your lender to find out why. Sometimes, simply modifying the terms of your agreement, like the repayment period or loan amount, will lead to it being approved. A credit score issue, however, may not be a quick fix. We recommend improving your credit score before reapplying to avoid lowering your credit score further.

Borrowers in need of funds quickly may consider getting a payday loan. While easy to get, MoneyGeek strongly advises against them. These loans feature high interest rates and short repayment terms that can cost borrowers more money in the long run.

Calculate Your Monthly Payment

It's important to keep in mind that personal loans must be repaid in interest-bearing monthly installments. Before applying for a bad-credit loan, you should calculate your monthly loan payment to see if it fits within your budget. Use MoneyGeek’s personal loan calculator to get a rough estimate of how much you can expect to pay each month.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in Mississippi

Your financial profile and funding needs will determine the best bad-credit loan lender for you. MoneyGeek answered the most frequently asked questions about bad-credit loans in Mississippi to help you make the best decision for you.


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MoneyGeek reviewed over 30 personal loan lenders for more than 35 data points across six key categories — accessibility, affordability, consumer friendliness, customer service, flexibility and lender transparency.

Within each category, we evaluated key features that we feel have the greatest impact on a borrower’s choice of lender, like APR ranges, loan amounts, repayment terms, eligibility requirements, fees and more.

Because you, the consumer, are our top priority, we also took into account each lender’s customer service and business ratings as well as the availability of convenience features like prequalification, payment options and mobile apps.

After thorough consideration and analysis, we chose our top lenders. We strive to provide you with up-to-date information and expert tips to help you make well-informed financial decisions.


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.