What Are Bad Credit Loans?
"Bad credit" isn't a single number — it typically covers Equifax's Poor and Fair ranges (below 660), the result of missed payments, high utilization, or a limited credit history. It doesn't mean no options: our lender network includes partners who specialize in exactly this range, weighing your income and stability alongside your score.
Who It's For
- A history of missed or late payments
- A limited or thin credit file with few accounts
- A recent bankruptcy, consumer proposal, or collections account now resolved
- Anyone who's been declined by a traditional bank
What You'll Need
- Proof of a regular income source (employment, pension, or benefits)
- An active Canadian bank account
- Recent pay stubs or bank statements showing consistent deposits
Things to Consider
- APRs are typically higher to offset the lender's risk — compare your total cost, not just approval odds.
- Your exact score changes your options meaningfully — see our credit score range guides for rates specific to your number.
- Building a repayment track record on a smaller loan can improve your options for future borrowing.
Explore Loans From Other Angles
How to Apply for Bad Credit Loans
Step 1
Apply in 2 minutes
Tell us a bit about your situation. No paperwork required upfront.
Step 2
Compare offers
See real offers from vetted lenders, matched to your profile.
Step 3
Get funded
Accept an offer and funds typically land within 24 hours.