Unsecured personal loans are one type of emergency loan that can be far less expensive and safer than other types, like payday loans or cash advances. Borrowers with bad credit (300 to 629 FICO) may qualify, and many lenders fund loans the same day you apply.
Still, interest rates on personal loans can be high, especially if your credit isn?t strong. So it?s worth comparing options, including alternatives to borrowing.
Here are lenders offering emergency loans for bad credit, plus tips on choosing a loan, and alternatives to consider.

Darryl founded Smith Financial Advisors Inc. in 2006 after over 30 years experience in financial services including Mergers & Acquisitions, Investment Banking and traditional Commercial Banking activities at Bank One. Smith Financial Advisors is a Registered Investment Advisor in the State of Illinois. The firm specializes in Investment management, financial planning, and retirement planning.