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Best Bad-Credit Loan Lenders in Washington

MoneyGeek analyzed more than 30 data points, including APR ranges, loan amounts, repayment periods and fees, to discover the best bad-credit loan options in Washington. We also took into account additional factors that may affect your ability to obtain a loan, such as the required credit score and acceptable debt-to-income ratio.

To further assist you in selecting the ideal bad-credit loan provider for your particular requirements, MoneyGeek also analyzed some potential drawbacks that you might want to think about, such as restrictions placed on funds usage.

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

Personal loans can be used for numerous purposes, including emergency situations, home renovations, major purchases and debt consolidation. The average personal loan debt in Washington is $14,822, meaning that taking out personal loans is a common occurrence for borrowers in this state.

Follow these steps to obtain the best bad-credit loan in Washington.


Ask Yourself the Important Questions

Before applying for loans, it is essential to evaluate your current financial situation and needs. It is also important to consider how much debt you already have and if you have the financial resources to secure a new loan. Before proceeding, MoneyGeek suggests you consider the following questions:

  • How much funding do you need?
  • What’s your credit score?
  • Can you afford the monthly payments?
  • Do you have existing debts?
  • Is your debt manageable through other means?

Do Your Research

Since a personal loan is a substantial obligation, you should examine multiple lenders before selecting the one that best meets your needs. Despite the fact that MoneyGeek's guide lists the best bad-credit lenders in Washington, our recommendations may not apply to your individual situation.

When conducting research, it is important to pay attention to the loan terms, interest rates and loan amounts offered by each lender. Also, make sure you are aware of the minimum credit requirements and the limits on the fund’s usage.


Read the Fine Print

After deciding on a lender, look over the loan agreement carefully. It will provide you an insight into any fees that could be added to or deducted from the total amount of your loan. It is essential to take this step to prevent paying more than you expect over time.



After selecting a bad-credit loan provider in Washington, you might feel compelled to begin the application process immediately. However, it is prudent to take a step back and wait a day or two before making a final decision. Allowing yourself some breathing room before making a decision will help you avoid acting on impulse and making a decision you'll later come to regret.

A personal loan is a serious commitment that requires careful consideration. Do not submit an application unless you have determined that this is the best financial decision you can make.



After you have chosen a lender, obtained an understanding of all of the fees and waited until you are certain of your decision, you are probably ready to submit an application. The lender will want proof of your identification, employment and financial status. Depending on your preference, you can submit your application in person or online.

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

It might be disappointing if your loan application is denied, particularly if it compels you to cancel plans for things like home improvements. However, it is too soon to give up on getting a loan at this stage, provided that you are aware of what steps to take next.

You can contact the lender to determine why you were denied the loan so you can devise a solution. For example, if your credit score is inadequate, you can work to improve it before applying again.

It's possible that you simply didn't provide enough documentation or that the application form has some errors in it. You can also try to make a compromise in order to make your application more acceptable. For example, you might reduce the amount of the loan or shorten the repayment period.

Even if you are denied a personal loan, MoneyGeek strongly recommends avoiding payday loans. These loans are easy to obtain but have exorbitantly high APRs and short repayment terms, which can result in additional debt and severe damage to your credit score.

Calculate Your Monthly Payment

A personal loan is repaid monthly with interest. To plan your budget and determine whether or not you will be able to afford your monthly payment, use MoneyGeek's personal loan calculator.



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FAQs About Bad-Credit Loans in Washington

The first step in selecting the best bad-credit loan provider in Washington is to assess your current financial situation and requirements. MoneyGeek has answered the most frequently asked questions on the subject to assist you in selecting a lender that meets your needs and requirements.


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MoneyGeek evaluated more than 30 personal loan companies and at least 35 data points for each company in six important categories: loan accessibility, consumer friendliness, affordability, customer support, flexibility and lender transparency.

When selecting a personal loan company for each of these categories, we paid careful consideration to a variety of data points that are quite significant. These include loan amounts, minimum credit scores, income brackets, APR ranges, application fees, repayment terms and loan disbursement times.

MoneyGeek sets a high priority on customer satisfaction, which is why we evaluated each lender based not only on their customer service but also on their business ratings and any additional services, such as prequalification, automated payment options and mobile apps, that can streamline your experience.

After careful consideration and analysis, MoneyGeek's final recommendations are made with your best interests in mind. When picking a lender that meets your requirements and financial situation, you may use our loan provider recommendations and expert guidance to make well-informed financial choices.


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.