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Best Bad Credit Loans In Canada 2025

Bad credit doesn’t always mean you’re bad with money. Maybe you missed a few payments due to a temporary job loss, an unexpected emergency, an illness or simple forgetfulness. Even if your financial situation has improved since then, that old credit score can still follow you around like a shadow.

 

Unfortunately, traditional banks often don’t look beyond the number. If your credit isn’t perfect, they’re quick to say no, no matter how responsible you are today. That’s where bad credit loans can come in handy. If you are looking for a loan with bad credit, we have a list of reliable lenders that can help you get the money you need.

 

Key Points

You can get a loan with bad credit from various sources, including private personal loan lenders, payday loan lenders, cash advance services, and more.

 

Credit scores between 300 – 559 are usually considered “bad”.

While you can get a loan with bad credit, it’s important to remember that these loans often come at a higher cost.

 

Can You Get A Loan With Bad Credit? 

The answer is: of course you can! Having bad credit doesn’t mean you’re out of options. There are many lenders that specialize in working with people who have less-than-perfect credit. These lenders generally put more emphasis on your income, debt-to-income ratio, employment stability and overall financial health when determining creditworthiness. 

That said, most lenders that offer loans to those with bad credit, generally charge higher rates.