loans canada, personal loans in canada

Why  Bad Credit Personal Loans Guaranteed Approval Loans?



Loans Canada

Complete Our Easy Online Application

It Takes Less Than 10 Minutes

Just One Click Of A Mouse At The End Of The Form To Submit Application

Receive Your Money In Bank

Within 24 Hours



Get Bad Credit Personal Loans Guaranteed Approval Loans From Afterloans Now!

                                                                                              Loans CanadaVery Easy

                                                                                              Loans Canada Very Fast

                                                                                              Loans Canada Very Safe


GET UP TO $5000


I can smile with complete confidence! Thank you for making applying for my loan painless and most of all hassle free! AfterLoans was a life-saver.  Got just the money I needed on time.

Arabella Marquez

Bad Credit Personal Loans Guaranteed Approval

There are bad credit personal loans guaranteed approval available that you can apply for, especially if you have a bad credit history. Bad personal loans are popular and most people who have bad credit apply for them when they need them.

When the word “ bad credit personal loans” are mentioned people understand what it means. The search for “bad credit personal loans guaranteed approval” is catching on.

Understanding credit scores

Firstly, credit refers to the various ways you look for funds when your personal budget cannot cater for current expenses. Credit can also refer to an agreement where a borrower receives something with a value now and agrees to pay later with interest.

A credit score is a figure that shows borrowers’ past financial history. It also a score that shows whether a borrower is eligible for a loan facility for instance or not.

Those who handle credit scores are known as credit bureaus or credit reporting agencies. There are a lot of credit bureaus but some of the main ones are Equifax, Transunion. There are several ways that you can arrive at the figure for calculating credit scores. But the goal is the same: to provide a true reflection of the credit history of the borrower.

You can arrive at differing figures when calculating credit scores. There exist different models that are used to calculate credit scores. Credit bureaus can tabulate the figure itself or in other cases, it gets a third party to do it after giving them the necessary information.

The lender may report your credit score to all of the credit bureaus known to them or just one. It’s not an obligation to report to all the credit bureaus but for the sake of reliable information on borrowers, some do.

Bad Credit

Even though the word “bad credit” has been used previously in this article, there would still be the need to explain what bad credit is so that it will be well understood.

Bad Credit Personal Loans Guaranteed Approval

Bad credit is a record of your past inability to pay for the debt that you have acquired. This credit record is controlled by a credit score and shows that below a certain limit you will no longer be granted loans because you have not handled your debt well.

The credit score allows lenders to view your financial history and how you have managed debts in the past. This will inform their decision whether or not to grant you a loan. 

Bad credit can be caused by loan defaults, late payments, filing for bankruptcy, repossession of a vehicle or running up your credit card bill. These events even when they happen once can damage your credit score and make lenders put you in a “red zone” when you need new credit.

Lenders are less likely to grant you a new credit because of the probability that you will not be able to pay back. In some cases, you might receive the credit but the interest rate on your fees are going to be hefty. Lenders give these interest rates as compensation for the risk of a loan given to you.

Bad credit not only affects the interest rate but sometimes your insurance rate for premiums that you are to pay. Some utility and mobile phone companies sometimes charge a security deposit when you do not have good credit.

Your rental agreement with your landlord may also be affected as a higher security deposit will be required of you should you have bad credit. In spite of this, you can still get loans with even bad credit.

Bad credit personal loans

Bad credit personal loans are a type of personal loans that are granted to people with bad credit. When your credit is weak, or bad or there is none at all, there’s no need to throw in the towel. There are lenders willing to give personal loans to you.

Though bad credit personal loans are generally expensive, they are still available.

Bad credit personal loans are loans that are borrowed to cater to individuals needs. The borrower usually receives a lump sum which he can use for anything they decide on. Bad credit personal loans can have fixed interest rates and a fixed time of payment. You can usually repay your loan between 2- 5 years.

Some bad credit personal loans do not require collateral. Loans are granted to individuals who do not have assets to use as collateral for their loans. Bad credit personal loans can be used for different purposes.

They include paying for car breakdowns, paying for a plumbing leak, hospital bills, an out of town trip, to consolidate debt and other unplanned expenses.

Bad credit personal loans with guaranteed approval

You can get bad credit personal loans with guaranteed approval with some lenders. Approval for the loan is still guaranteed even if you have a negative credit rating. 

Bad credit personal loans guaranteed approval can be explained as personal loans which are taken by someone with a bad credit history but are certain of approval.

The use of such personal loans may differ as there is no restriction on what the person can use the money for. With bad credit personal loans where there is guaranteed approval, you are not refused a loan because you have a bad credit history.

This bad credit personal loan may actually be a tool to improve your credit score. Some lenders are willing to co-operate with those who are ready to work on their credit score even if they have bad credit. But it behooves on the individual to check whether he or she will qualify for the loan in the first place.

Most lenders who give bad credit personal loans with guaranteed approval are lenient with their criteria for giving out loans. However, they ultimately want people who can pay back what they have borrowed. Once you demonstrate that you can pay back the loan in the monthly installments you can get bad credit personal loans guaranteed approval.

Most borrowers who search for bad credit personal loans guaranteed approval think they may not get their loans due to their bad credit.

If you are able to show that you will handle credit responsibly and you will not default on any new application you can get access to bad credit personal loans

People with bad credit personal loans guaranteed approval have options.

Those whose credit scores are not good enough to secure them loans have options on the bad credit loans that they can get. They can either have

a) Secured bad credit personal loans

b) Unsecured bad credit personal loans

Secured bad credit personal loans

This is when the borrower uses something of value to secure a loan. Items can range from homes to cars and jewelry. In the case of default, the items will be sold to recoup losses. An example of secured loans are mortgages, payday loans.

Unsecured bad credit personal loans

Unsecured bad credit personal loans are loans that do not require assets before the loan is granted. The borrower promises to pay back the loan without backing it with an asset. Unsecured loans are sometimes known as “signature loans”. It’s a signature loan because all you bring to the table is your signature on the loan agreement.

The lender cannot take your physical property if there is a default. Types of unsecured bad credit loans include student loans, credit cards, installment loans.

Sometimes if all attempts fail to get an unsecured bad credit personal loan with guaranteed approval, you can try co-signing. In this case someone with a good credit score signs on your loan. The burden of repayment will be borne by the consigner should you default on payments.

You can switch to secured loans if you really need the money badly and the above-mentioned avenues haven’t worked out well for you.

Unsecured bad credit personal loans will come with slightly higher interest rates on the loan you have taken but you must ensure you don’t default in the monthly payments. 

Ways to get bad credit personal loans with guaranteed approval

These ways of getting bad credit personal loans with guaranteed approval are not cast in stone but are possible ways of getting money when you need it.

The idea is to have a fast cash option now that will not turn ugly in the long – term. If you have bad credit, you will have to be extra careful not to run into a debt cycle.

Emergency funds from personal savings could have been the best way out but if the individual doesn’t have any at the time of when he or she needs it, a loan will be required. This loan can be a bad credit personal loan especially if your credit score is less than perfect.

The different  ways of getting bad credit personal loans with guaranteed approval as discussed below include the following:

Bad Credit Personal Loans Guaranteed Approval

1. Borrowing from family and friends

Nobody will understand your bad credit situation and approve you quicker than your immediate family and friends. They will take to heart your current financial constraints. With them, approval is usually guaranteed because you are already known. It can be a bit challenging to ask for money from them especially if they also do not have enough funds to lend out to you.

Family and friends will also easily understand your repayment schedule should in case it is not too regular. You can get even zero interest rates from borrowing from them thus you can borrow the money for “free”.

You should consider though being regular with paying back the loan because defaulting can bring conflict in your relationships with friends and family.
There must be clarity on the terms of the bad credit personal loan with guaranteed approval by drawing up an agreement of the loan. This will ensure that your relationship with your family will not be affected.

2. Selling or pawning what you own

Another way of getting immediate funding with bad credit where approval is guaranteed is by going online to websites where items are put up for sale.

The Cambridge dictionary describes a pawnshop as a store that gives money out to people in exchange for a something valuable that they can sell if the person who brought the item does not pay the agreed amount of money by a certain time.

Sometimes, pawn shops can also be a place for selling your items for quick money. There are different items that go for sale online or in pawnshops. 

The pawn shop may not give you the real value of the item you present. They keep the item for a month or 90 days after which they will put it on sale if you are not able to pay back the amount that was given to you. With pawnshop loans, you are guaranteed to be approved of your loan once you present an item that is acceptable.

Pawn shop loans are not as huge as the loans you will get from traditional lenders. They do come with high interest rates which can range from about 15 and 240 percent which is considered expensive.

3. Taking out a cash advance on credit cards

If you have a credit card with a low outstanding balance, you can opt to get cash from it. This is generally considered as a very expensive way of borrowing. It’s very beneficial if your credit card balance is below 30% and other methods of getting bad credit personal loans guaranteed approval has failed.

Taking a cash advance is like using your debit card on your ATM. When you use your debit card for the ATM you are accessing money that is yours. But with credit cash advance, you’re taking money that does not already belong to you hence the amount will be added to your credit card balance. You do not need anyone to approve you before you get the funds you need. Once you have a credit card, you can have the funds you need. The Annual Percentage Rate for a cash advance on credit cards may also be higher because the interest starts accruing immediately.

This method of securing a bad credit personal loan with guaranteed approval only becomes difficult if you do not already have a credit card. You may have to apply for a secured credit card and with this, you would need a cash deposit. It is easier to get if you already have a credit card.

4. Look around for the “right” bad credit loan

Traditional lenders may not be willing to give to you if you have bad credit because you are at risk of not paying back what you owe them. There are good bad credit personal loans and the most advisable type to consider is installment loans.

Installment loans are loans that you obtain and have to pay back in regularly scheduled payments. They help to improve your credit score in the long run because you have enough time to plan your repayment.

Depending on the lender, you can get this type of bad credit personal loans at lower interest rates. There are affordable payments and some installment lenders report your payments to credit bureaus.

Even though this sounds like good news all around, you will still need to check for trustworthy bad credit personal loans companies. You should compare the interest rates among lenders and watch with eagle eyes the documents you sign.

Guidelines on bad credit personal loans with guaranteed approval

1. Consider whether you can repay

For any lender to give you bad credit personal loans with guaranteed approval, you should first evaluate your ability to pay back the loan. A vicious loan company will not look at your documents nor go through checks before granting you the loan. You would have to be on the lookout for hidden clauses. 

A responsible lender will look out for all the necessary requirements before approving bad credit personal loans guaranteed approval. They will only guarantee your loan if they see that though you have bad credit when given this personal loan, you will pay back the loan. 

2. Look out for a lender who performs a soft credit check

To get bad credit personal loans guaranteed approval, you should be watchful for the good lenders who will perform some soft credit check. Despite the fact that some borrowers already have bad credit, a good lender will still perform soft credit checks. Soft credit checks are when there is an initial look at particular information on your credit report. It is done to decide how successful you can apply or a loan without a full examination on your whole credit history

Soft credit checks are mainly visible to you only and not to the lending companies. You can have a number of soft credit checks because there will be no trace on your credit report. Soft credit checks can be used to see how eligible you are for credit products without you actually applying for them: it will not affect your credit score.

There will be no need for hard credit inquiry because it can be further damaging to the existing bad credit.         

3. Search for flexible terms of repayment

In the search for bad credit personal loans guaranteed approval, you have to prioritize lenders who give flexible terms of repayment. The last thing you need is a predatory lender who will give you sky-rocketing interest rates and short repayment time.

Since you already have bad credit, an understanding lender will be of great need. This is so that you can get the personal loan that will be beneficial to you. A loan with short-term payments, for instance, will make it very difficult for you to pay back.

4. Look for a lender that offers installments rather than payday loans.

This is because installment loans will allow you enough time to schedule your payments. A lender who is offering bad credit personal loans with guaranteed approval will be more satisfied with someone who can pay back what they owe. 

Payday loans have a quick repayment period and if you’re not able to pay back, it will not be helpful. It is said that 4 out of 5 payday loans are carried forward into subsequent months. Aside from that, research has also shown that payday borrowers spend above 6 months in their debt to the payday lender: this is more than the initial two weeks.

5. Choose lenders who report your credit status to credit bureaus

It is better to work with a lender who reports to the credit bureaus the scores of the bad credit personal loan that you have paid back. Over time, you will see your credit report changing for the better because all your prompt payments will be on the record.

You could well be on your way to good credit scores once again in the long term.

There are ways to build good credit

Despite the fact that your credit score may have taken a nosedive, there are different ways that you can use to rebuild your credit to a good status. Firstly, you can build good credit by keeping a healthy balance on your credit card.

This can be done by sticking to the minimum monthly payments that are given to you as late credit card payments can damage your credit score. It is important to keep the balance below 30% of the card limit that you have.

Secondly, you can also build good credit by making all your monthly bill payments on time. You may be deceived into not paying a particular bill because it doesn’t appear on the credit report. But there can be a time when a third-party collector may get hold of your defaulted payments. This could spell doom for you because credit bureaus sometimes work with these third-party organizations. Any negative reported on your payments can affect you.

You will be doing yourself a favor by attending to all bills on time.

Thirdly, you can also increase your credit by paying your credit card balance in full. If you’re only using up what you need to use up on your credit card, payment will not be a challenge. Living within your means will ensure that you are able to take on only the debt that you can handle.

Your ability to pay off your credit card balance monthly demonstrates your responsible borrowing. This will increase your credit score and more lenders will be willing to give to you.

Ways to build credit continued…

Additionally, you can also make your credit score better by using a small amount than what you have as credit. The revolving nature of some credit facilities can trick you into using more than what you need because you think you can pay. But that can be the beginning of woes. It is therefore advised that you do not choose to go in for too many credit cards at once.

Neither should you also add on several other loan options at once. This can blind you into using a lot of the credit available to you and you will not be able to keep up with how much you owe and the payments that you have to make.

Also, good credit is built when you only borrow what you can afford. When you are able to use up only what you can afford, it makes you a responsible borrower. It is better to use what you can afford even if you qualify for more.

In this way, you save yourself from further damaging your bad credit as this will prevent you from having guaranteed approval on other personal loans you may apply for.


Bad credit personal loans guaranteed approval are available for those whose credit is less than perfect. You can rebuild your credit score to qualify for more loans. Bad credit is not a life sentence for anyone.

Guaranteed approval may sound simple but sometimes it can prove more complicated. You will not get bad credit personal loans with guaranteed approval 100%. It is said that legitimate lenders will not give guaranteed approval.

Some people seek guaranteed approval because they have bad credit or do not want any credit check at all.

Be on the lookout for unfavorable lending terms on loans that might run you credit up. Do a thorough search to find lenders that will be willing to give you guaranteed approval even with bad credit.

Disclaimer: All loans offered through this website are subject to credit and underwriting approval. is a lead referral company, not a lender. AfterLoans only works with financial service providers that adhere to Canadian laws and regulations.You can borrow up to $20000. Loans amortization is between 6-36 months. APRs range from 19.99% to 55%. The actual APR charged will depend on the lender’s assessment of your credit profile. For example, on a $1000 loan borrowed for 12 months at 29.9%, the monthly payment will be $97.24; with a total repayment, including interest, of $1166.88 There is also lender’s optional loan protection policy. In the event of a missed payment an insufficient funds fee of around 45$ may be charged (dependent on the lender). If you default on your loan payment plan the lender may terminate the plan and the remaining balance will become payable immediately. Our lenders employ fair debt collection practices, but will pursue the payment of Outstanding debts to the full extent that Canadian law allows.