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Best Bad-Credit Loan Lenders in Vermont

Finding a bad-credit loan in Vermont may feel overwhelming. How do you figure out where you should turn to?

We've got you covered! MoneyGeek researched over 30 data points to determine the best bad-credit loan options in Vermont, including APRs, loan terms and amounts, origination fees and more.

We found Upstart and Upgrade offer some of the most affordable and flexible deals for people with poor credit scores. They work with your unique financial situation and won't leave you drowning in interest payments.

Our in-depth analysis might swing you in the right direction if you're deciding between these two options.

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

When you’re looking for a Vermont bad-credit loan, understanding how much of an impact your credit score, income and other financial factors will on your ability to secure funds is important.

MoneyGeek can help match you up with lenders meeting your needs right now. To help you get started, we recommend following these steps:


Ask Yourself the Important Questions

Here are some questions to consider before applying for a bad-credit loan:

  • How much funding do you need? If you need $1,000, then there is no point in applying for $5,000 because it may cost you way more in interest in the long run.
  • What’s your credit score? Your credit score plays an important role in whether you get approved for a loan and with what terms and interest, even if you're specifically looking for a bad-credit loan.
  • Can you afford the monthly payments? You shouldn't apply for a bad-credit loan if you can't afford this amount.
  • Do you have existing debts? If you already have debts, it may be best to hold off on getting a new loan. A better option would be to consolidate your loans by transferring them into one larger payment at lower interest rates with fewer fees and terms. (Of course, you could get this personal loan for loan consolidation to begin with.)
  • Is your debt manageable through other means? If there are better ways of tackling your debt problems, it might be better to steer clear of loans altogether.

Do Your Research

MoneyGeek can help you start your journey, but it’s important to do more research before signing anything. You have to ensure you’re not taking out a loan that will leave you in debt for years.

A bad-credit loan commitment can last for two to four years. The monthly payments will likely be higher than a standard loan payment with good credit.

Lenders may dig into every bit of your financial life, so you should know what you're up against before agreeing to any hard credit checks. Those affect your credit rating.


Read the Fine Print

Always pay attention to the fine print when you're getting a loan or taking out credit. If it's unclear, ask questions, and don't be afraid to shop around. You're looking for a lender with the best deal with no surprises, so make sure you know what you're getting into.

It's easy to get caught up in comparing interest rates. However, if one lender charges more fees than another while offering similar rates, it might be worth paying a little extra for the cheaper option in the long run.



Give yourself time to process all the information and ensure this is what you want. Once you get the loan, there's no turning back — you can't cancel it or undo it if you change your mind. Your best bet is to consider everything and make an informed decision before you sign on the dotted line.



When you're ready to apply, gather the information required by the lender and fill out the application as thoroughly as possible. Make sure to submit all required information, such as copies of your driver's license or passport, proof of income and an address verification form.

Most lenders allow you to apply online and guide you through the application process. But if you prefer to talk to someone in person or need more details before making a decision, give them a call or visit their website.

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

It can be a terrifying feeling to apply for a loan and have the decision come back “denied.” It’s easy to assume that you have no other options and that you’ll never be able to borrow money again.

But not all hope is lost — many people who apply for loans are denied for one reason or another. It could be because of bad credit, lack of income or other issues.

The key is to figure out what caused your application to be denied so you can work on improving it the next time you apply. Call or email your lender to get the information you need.

Once you have the details, ask your lender to reconsider modifying the loan amount or terms you're applying for.

You can also apply with another lender. However, we recommend you make an honest effort to resolve any issues before applying elsewhere.

Try to avoid payday loans as an alternative. They have high-interest rates and fees and can be difficult to pay.

Calculate Your Monthly Payment

MoneyGeek has a personal loan calculator to help you figure out what you may expect to pay for your loan each month. This can be handy when it comes to narrowing down your options.



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+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in Vermont

Getting a loan with bad credit can be challenging. The right lender can help you achieve your financial goals. Find frequently asked questions below to help narrow your search for the best bad-credit loan provider in Vermont.


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MoneyGeek reviewed the loan offerings of over 30 different personal loan lenders — from big banks to online lenders — assessing them across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

The most important factors included APR range, loan amount, minimum credit score required, loan amount, repayment terms and disbursement time.

At MoneyGeek, we know how important it is to get the best experience. That’s why we give you access to lender reviews and business ratings that consider customer support and other factors — like prequalification, payment options and mobile apps.

We help you choose the right personal loans. Our picks are chosen with your best interests at heart, and our expert tips are meant to eliminate the guesswork when making 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.