mglogo icon

Best Bad-Credit Loan Lenders in Utah

With a thorough analysis of more than 30 essential lender data points — including APR ranges, repayment terms, loan amounts, credit score requirements and cash disbursement times — across 30 companies, we assist you in locating the best personal loan provider in Utah for consumers with bad credit.

Our findings indicate that Upstart, which accepts credit scores as low as 300, is the best lender for Utah residents with bad credit. Upgrade came in second.

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

When assessing your loan eligibility, lenders frequently take into account your credit score and employment or income status. According to our data, the average personal loan debt in Utah is $15,188 with a 9.1% interest rate. That said, borrowers with bad or incomplete credit should expect higher interest rates.

Poor-credit borrowers should evaluate terms from various lenders to choose the best one for their funding needs. MoneyGeek suggests carrying out the following actions to help you obtain the best bad-credit loan in Utah:


Ask Yourself the Important Questions

Before submitting your application, think about how this move would affect your financial situation. Finding the ideal loan for you is easier if you can answer the following questions:

  • How much funding do you need? Knowing how much money you'll need can help you choose a lender that can fulfill your requirements. Additionally, this will stop you from borrowing too little or too much, both of which are undesirable.
  • What’s your credit score? Lenders consider several factors, including your credit score, before granting or rejecting your loan application. Not to mention, you may qualify for a lower APR with a higher credit score.
  • Can you afford the monthly payments? Missing payments can raise your total due, lower your credit score and impact how you qualify for loans and credit cards in the future. Make sure you can realistically afford to pay your bills on time.
  • Do you have existing debts? Obtaining a loan entails taking on additional debt. Repayment may be difficult if you already have significant debt.
  • Is your debt manageable through other means? An interest-free option, such as a family loan or a credit card with a 0% introductory APR, may be a better way to receive the money you require without accruing further debt.

Do Your Research

A personal loan is a significant commitment, so you should thoroughly evaluate each lender before choosing the one that best meets your needs. Although MoneyGeek has compiled the top lenders to aid various customers, our suggestions might not be ideal for you specifically. Therefore, it's still in your best interest to look into alternative options.


Read the Fine Print

After selecting the lender, you must carefully review the loan terms. When researching personal loans, take note of fees like prepayment penalties, origination costs and so on. Paying attention to the little things can help achieve long-term financial savings.



After you think you have discovered the perfect lender for you, we urge you to wait a few days before submitting a loan application. Use this time to think things through. Consider again whether obtaining a personal loan is the best course of action for you, given the magnitude of the commitment it entails. During this break, you can learn more about the lender you've decided to work with. Take your time and come to an objective, thoughtful judgment.



Prepare the documents you'll need to apply, particularly the common ones like proof of identity, address and income. There is no harm in contacting representatives by phone or visiting a branch in person if it's possible, even though some people may find it easier to apply online.

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

Lenders may reject your loan application based on various factors, such as your credit score or debt-to-income ratio.

It's best to know why your application was rejected. You may change your loan details by lowering the loan amount or shortening the terms, which might convince the lender to accept your application. On the other hand, if the issue is a low credit score, you’ll need to take some time to build it up before re-applying.

Even if you apply to a different lender, it's unlikely that you will be accepted without resolving the issue that caused your initial rejection.

Additionally, MoneyGeek suggests avoiding payday loans. Although they are easy to obtain, these loans have outrageously high APRs and short repayment periods, which can result in further debt and severe damage to your credit score.

Calculate Your Monthly Payment

Always keep in mind that you will begin paying interest-bearing monthly payments as soon as you obtain the loan. Depending on your financial circumstances, calculating your repayment amounts in advance will help you decide whether you can comfortably make the installments.

To determine your loan's estimated monthly payment, use MoneyGeek's personal loan calculator.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in Utah

It's important to recognize the many criteria lenders look at while reviewing your application for a bad-credit loan in Utah. Also, the ideal option for you will depend on your profile and financial position.

In order to provide more details, MoneyGeek compiled answers to some common questions posed by borrowers.


mglogo icon

Using at least 35 distinct data points in six critical categories — loan affordability, flexibility, accessibility, consumer friendliness, lender transparency and customer service — MoneyGeek evaluated more than 30 personal loan providers.

We took into account a number of distinct data points inside each rating area that we believe are most important when selecting a personal loan provider. These variables include the APR ranges, maximum loan amounts, required credit scores, required minimum income, application costs and disbursement periods.

We value you, the consumer, at MoneyGeek, so we also take into account each lender's customer service, business ratings and any additional features that might make your experience simpler and more accessible, such as prequalification, payment options and mobile apps.

Our picks are made with your best interests in mind after careful thought and analysis. Your choice of a lender that best suits your needs will be aided by our recommendations for personal loans and advice from industry professionals.


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.