Direct Lender Loans for Bad Credit

If you have bad credit, don't worry - there are still options for you – such as direct lender loans for bad credit. Get your quotes now!

Want to borrow more than $5,000? Click here!

What Are Direct Lender Loans for Bad Credit?

It is a challenge to get approved for a loan from a bank or traditional lender in general if you have an unpleasant credit history. But there's good news: there are plenty of online direct lenders out there who are willing to offer loans to those with less-than-perfect credit.

Direct lender loans for bad credit are simply loans that are offered by direct lenders who won’t reject your request because of your credit score. This means that even if you have bad credit, you may still be able to get a loan if you meet the basic requirements.

Of course, just because you can get a loan with bad credit doesn't mean that it's always a good idea. These loans often come with high-interest rates and fees, so they should only be used as a last resort.

How Do Direct Lenders Work?

In short, the direct lending system is a more customer-friendly version of what banks and traditional lending institutions do.

While banks and big financial agencies screen every individual or entity that loans from them, direct lenders are privately owned financial companies that can provide funds and financial products to the general public, and they are more accessible to regular people, giving you the second chance to get loans – because they only conduct basic checks of their customers.

This means that they won’t take into account the credit score and financial history of potential borrowers – only their capacity to pay. Even individuals that have bad or no credit yet can take advantage of the services offered by these direct lenders, making these private creditors the ideal places to get financial support for emergencies and urgent situations.

What Factors Should I Consider When Choosing a Direct Lender?

While direct lender loans can be great financial tools that take care of immediate needs, not all direct lenders online are made equal. There are plenty of scams out there, so you need to be careful in picking the best direct lending service.

Here are some things that you should consider when looking for an online lender.

  • Reliability. Look for their history and their online reviews to determine an online lender’s trustworthiness. If you can’t find anything, they are more likely to be malicious actors.
  • Loan terms. Always check the interest rates of the lenders that you go to and ensure that you’re on board with how much they’re charging.
  • Processing speed. The processing speed of each lender will vary from a few hours to a day or two, so pick one that suits your needs best.
  • Customer service. Ensure that they have reliable customer service to help you when needed.

Why Should I Get Direct Lender Loans?

There are several other forms of credit and financial back, but here are a few reasons why you might want to pick direct lender loans specifically.


The primary benefit that direct lenders offer is accessibility, especially to people who might otherwise be rejected by big credit corporations such as banks and government agencies. If you have bad credit, then you can most likely apply only to direct lenders to maximize the chance of getting approved.

Processing Speed

These lender types also have the advantage of insanely fast processing speeds. Traditional big banks will often involve lots of paperwork and will take days to weeks in total to process your loan because of all the processes you have to go through, but direct lenders will only take a day or two at most to approve your request and deposit the funds into your account.


Lastly, there are seldom any restrictions on what you can use your borrowed money for when you choose to get loans from direct lenders, unlike most types of traditional bank loans. This lets you be more flexible in emergencies and other unexpected scenarios.

How Do I Get Online Loans for Bad Credit Through Fast Cash?

You can always go straight to direct lenders to get loans. This way you have more freedom over what kinds of deals you choose, although you will have to hunt for every offer yourself, which will take time to do so.

So, one of the most popular ways to get easy and instant loans is to go through online loan brokers. Brokers are not lenders themselves but will be affiliated with multiple lenders to promote the best options that their affiliated agencies have.

CocoLoan is an online loan marketplace with over a hundred reputable financial service providers within our network. We can connect you to dependable direct lenders and brokers so that you may have a higher chance of getting the deals you want. Somewhat like a cross between direct lenders and brokers, lender network platforms like CocoLoan are the best solution around if you need some quick cash to handle urgent needs.

Thanks to modern internet technology, obtaining loan services has never been easier. To explore all the possibilities through CocoLoan, All you need to do is to follow the simple steps below!

  1. Choose a loan. Determine what loan type you want to avail of. CocoLoan accepted regular bad credit payday/installment loan requests for up to $5,000, and the higher amounts of personal loans up to $35,000.
  2. Fill out and submit an application. After choosing the right loan type and loan amount, it takes only a few minutes to fill out our secured online form with all your related information.
  3. Wait to be approved. The lenders in the network will then evaluate your loan and present you offers that you’re approved of. Pick an offer and continue.
  4. Receive the funds. You will then receive your money in the bank account that you provided.

How Does CocoLoan Compare

default imgWhy Trust CocoLoan?
How much can you get?$50 to $35,000Zero upfront charges
What are the loan terms?1 - 36 monthsEasy repayment
Are credit checks needed?YesMostly soft pulls
Are bad credit accepted?YesAll credit considered
How to apply?Totally onlineSimple and straightforward
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What Will Happen if I Have Trouble Repaying My Loans?

While direct lenders are usually more bad credit friendly than traditional banks, this doesn’t mean that the responsibility is any less. You will face consequences if you fail to repay loans from direct lenders, such as encountering interest rate penalties and debt collection agencies.

If you are in a dire situation and you can’t repay your loan under any circumstances in the immediate future, you should always talk to the direct lender first to come to an equitable solution. While they won’t exactly give away the loan, they will be willing to come up with solutions to ensure you can fulfill your financial responsibility to them.

Picking the Best Direct Lender Loans For Your Urgent Loan Needs

Direct lender loans are friendlier versions of big banks and credit agencies. While they have a few caveats, they make up for them by being accessible to people with bad credit and having outstanding processing speed.

If you’re ever in need of a loan, you can go to direct lenders or direct lender networks. Here at CocoLoan, we took a lot of effort working on selecting our trustable loan provider partners, and we will connect you to the best direct lender that will offer all sorts of reliable loan services for your financial needs. It’s hassle-free and bad credit-friendly, so there’s no reason not to try us out!

How much would you like to borrow?



My credit score is low. Can I still get approved for a loan?

Yes. You can get loans with bad credit. While traditional banks typically wouldn’t approve you for a loan if you have a low credit score, direct lenders online will likely still approve your applications as long as you have the capacity to pay. If you are concerned about not having a regular job, you can rest assured as a stable source of income is good enough for getting your loan request approved.

What are the eligibility criteria for direct lenders for bad credit loans?

While direct lenders are more accessible compared to banks, they do still have eligibility criteria they need you to have. Some examples of this would be your age, your legal status in the US, your residency, the financial capacity to repay your loans, and other legal requirements that you need to have to qualify for a loan.

How should I choose a proper direct lender?

There are many direct lenders out there, and unfortunately, some of them are going to be malicious agencies trying to scam you out of your money. To pick the best one, ensure that they have a reliable history, that they have good online reviews, adequate processing speed, and good customer service. Most importantly, pay extra attention to all the details regarding the loan offers and look for any hidden terms if possible.

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Pick CocoLoan To Get Loans For Your Urgent Cash Needs!

If you are looking for loans but with a terrible credit score, look no further than CocoLoan! Check out the good deals from dependable lenders within our network with bad credit now!

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