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Pros and Cons of Bad Credit Personal Loans
Bad credit personal loans tend to be costly compared to others, but they could help you improve your credit if well-managed.
By 
Written by
Freelance writer
Amy Boyington has covered personal finance for more than eight years. She's an expert on education and financial literacy.
Edited by 
Written by
Editor
Barry Bridges is the personal loans editor at Credible. Since 2017, he’s been writing and editing personal finance content, focusing on personal loans, credit cards, and insurance.
Reviewed by 
Written by
Senior editor
Meredith Mangan is a senior editor at Credible. She has more than 18 years of experience in finance and is an expert on personal loans.
Updated January 28, 2025
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”