Best Loans for Bad Credit in Wyoming for 2024

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Reviewed byAlvin Yam, CFP
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Reviewed byAlvin Yam, CFP
Edited byRae Osborn
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Updated: April 26, 2024

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Happy Money is rated Wyoming's best personal loan lender for bad credit, boasting a MoneyGeek score of 94 out of 100. It provides quality service and competitive interest rates and has a good reputation for transparency about its loan terms and processes. The runner-up is Avant, holding a MoneyGeek score of 92 out of 100. Avant is recognized for its flexible payment options, quick application and approval process, and strong customer service.

MoneyGeek reviewed four personal loan lenders in Wyoming that declared their minimum credit score requirements to be between 580 and 640 to pinpoint the best options for those with bad credit. Other lending institutions worth exploring for personal loans in Wyoming include WyoCentral Federal Credit Union, Sheridan Community Federal Credit Union and UniWyo Credit Union, which offer localized services that may cater to your individual financial needs.

MoneyGeek Logo IconBest Bad CreditLendersWyoming

Best Bad Credit Loans in Wyoming

MoneyGeek scored personal loan lenders in Wyoming that explicitly disclose their minimum credit score requirements on their websites to find the state's best personal loan for bad credit. Only 12% of lenders disclose this information.

We filtered our analysis to include lenders with minimum credit score requirements between 580 and 640, which meets Experian's definition of fair credit. Our research did not find any published minimums lower than 580.

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Our analysis was completed in April 2024 and considers banks and lenders who are licensed to do business in Wyoming. We also consider financial companies that partner with federally insured institutions to offer competitive rates.

34Lenders Analyzed

    Overall Best Bad Credit Loan Lender in Wyoming

  • Happy Money

    • 94MoneyGeek Score
    • 11.72% to 17.99%APR Range
    • 640Minimum Credit Score
    • $5,000 to $40,000Loan Amount Range
    • 24 to 60 monthsRepayment Terms

    Happy Money is MoneyGeek's pick for the best personal loan lender for bad credit in Wyoming, with a MoneyGeek score of 94 out of 100. Happy Money is not a lender but a fintech company that collaborates with lending partners federally insured by the NCUA to originate personal loans. It requires a minimum credit score of 640 and offers loans ranging from $5,000 to $40,000, with funds often available the next day. It does not charge fees such as those for late payment or early repayment, offering borrowers more financial flexibility. However applicants should note that it exclusively provides loans for debt consolidation and charges an origination fee.


    • Doesn't charge late, early repayment, bounced check, failed ACH or other fees
    • Flexible repayment terms from 24 to 60 months
    • Offers to pay creditors directly


    • Only offers loans for debt consolidation
    • Charges an origination fee
    • $40,000 borrowing limit
    Happy Money

    Runner-Up for Best Bad Credit Loan Lender in Wyoming

  • Avant

    • 92MoneyGeek Score
    • 9.95% to 35.99%APR Range
    • 580Minimum Credit Score
    • $2,000 to $35,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms

    Avant is the runner-up for the best bad credit loan lender in Wyoming with a MoneyGeek score of 92 out of 100. It partners with WebBank, a state-chartered FDIC member bank, to originate personal loans. Borrowers with lower credit scores may apply since it requires a minimum score of 580 and offers loans from $2,000 to $35,000 with the possibility of receiving funds the next day. Avant provides the option for early repayment without penalty and flexible repayment terms, an administration fee of up to 9.99% is charged, and applicants should also consider the potential for late fees.


    • Doesn't charge a prepayment penalty
    • Flexible repayment terms between 12 to 60 months
    • Offers next-day funding


    • Charges an administration fee up to 9.99%
    • Has late fees and dishonored payment fees
    • Doesn't allow co-signers or joint applications

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Best Bad Credit Loans by Credit Score in Wyoming

The average credit score in Wyoming is 724, which is higher than the national average of 715 based on Experian data.

Even with a less-than-ideal credit score, personal loans remain accessible. Numerous lenders in Wyoming are ready to consider applicants with lower credit scores, albeit often attaching higher interest rates and more stringent terms. To evaluate your options for personal loans in Wyoming, utilize the table below to see which lenders cater to various credit score ranges.

AvantMinimum Credit Score580APR Range9.95% to 35.99%Loan Amount Range$2,000 to $35,000Repayment Terms12 to 60 monthsTime to Receive FundsNext DayMoneyGeek Score 92
ProsperMinimum Credit Score600APR Range8.99% to 35.99%Loan Amount Range$2,000 to $50,000Repayment Terms24 to 60 monthsTime to Receive Funds1 business dayMoneyGeek Score 90
AchieveMinimum Credit Score620APR Range8.99% to 35.99%Loan Amount Range$5,000 to $50,000Repayment Terms24 to 60 monthsTime to Receive FundsSame Day MoneyGeek Score 92
Happy MoneyMinimum Credit Score640APR Range11.72% to 17.99%Loan Amount Range$5,000 to $40,000Repayment Terms24 to 60 monthsTime to Receive Funds3 to 6 Business DaysMoneyGeek Score 94

What to Do if Your Loan Application Is Denied in Wyoming

It's not uncommon to face a personal loan application denial in Wyoming, but this doesn't halt your borrowing journey. Understanding the next steps can help you navigate this setback. Here are some measures to enhance your chances for approval on future applications.

Find out the reason for the denial

If you've had your loan application denied, the lender may have made this decision based on factors such as a poor credit score, a high debt-to-income ratio, insufficient income or mistakes in your application. Reviewing the reasons for denial helps you identify areas needing improvement, setting you up for better approval in future applications.

Modify your loan terms

You might consider negotiating with the lender to see if changing the loan amount or the repayment terms can lead to an approval. Lenders may be more willing to adjust these conditions to facilitate a mutually beneficial agreement.

Find another lender

Loan approval criteria differ between lenders. Shopping around is a proactive approach to find the right one for your specific financial situation and credit history. Consider the following factors:

  • Eligibility Requirements: Credit score, income level, debt-to-income ratio and employment history vary by lender.
  • Interest Rates: Look for competitive rates, which can be more favorable even with bad credit.
  • Additional Fees: Understand if there are origination, late or prepayment fees, as some lenders don't charge these, which can be significant when managing costs. Loan Terms: Repayment terms vary, and choosing between a short-term and long-term option can influence your overall financial strategy.
  • Customer Service and Reputation: Research the lender’s quality of customer support and their reputation in the market.
Look for alternatives

There may be other borrowing options better suited for individuals with bad credit than traditional personal loans, such as secured loans, credit union loans or borrowing from family and friends. Exploring these alternatives can provide solutions with potentially lower costs or different qualification requirements.

Improve your credit score

By working on improving your credit score over time, you open up new opportunities to get approved for personal loans. Steps include paying bills on time, reducing outstanding debt and avoiding new credit inquiries.

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Work on improving your credit score before applying for a personal loan to increase your chances of approval and getting better terms. Here are some long-term steps to consider:

  • Monitor your credit utilization ratio: Keep your credit utilization ratio low, as high credit utilization can negatively impact your credit score. Aim to use less than 30% of your available credit limit.
  • Don’t close old credit cards: The length of your credit history contributes to your credit score. Even if you no longer use a credit card, keep it open unless it has an annual fee.

Alvin Yam, CFP

FAQ About Bad Credit Loans in Wyoming

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Experian. "What Is the Average Credit Score in the US?." Accessed April 12, 2024.

TransUnion. "Credit Industry Snapshot." Accessed April 12, 2024.

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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.