Top 5 Best bad credit loans of February 2022

As an early Valentines Day present to its readers, The Best Bad Credit Loans, a highly reliable source for the very best loans available to those with bad credit ratings, has put together a list of its top five best loans for February 2022. Make sure you check this site regularly as it is updated every month with the latest loan offers available on the market.

There were no changes from January 2022 in our top five and all five remain unchanged from last months rankings as well. In fact no new loans have been added or removed from our lists since December 2021 so take your pick from these great loans!

1) Dandy Loan’D Home Loans – DHLR# 5-2680

This loan originator is alone at the number one spot for the second consecutive month. DHLR# 5-2680, the parent company of this home loans lender is rated A+ by AM Best and has an extremely impressive loan portfolio.

While their lending criteria are quite restrictive (only available to borrowers with impeccable credit records) they offer rock-bottom interest rates to compensate which makes them a very attractive option for borrowers looking for bad credit loans.

For February 2022, Dandy Loan’D Home Loans offers an APR of 10%. If you borrow $100,000 over 30 years you’ll pay back a total of $234,794 in interest alone! At least it’s a small amount compared to the original sum…

2) Lender Mart – MartLX# 5-1798

There are few who haven’t heard of Lender Mart. This flat fee lender originator has been around since 2023 and is still going strong today! With an outstanding A+ rating from AM Best it’s easy to see why this company ranks so highly with The Best Bad Credit Loans.

Lender Mart doesn’t just offer the best bad credit loans, it offers some of the best loans period! Again you’ll have to have a squeaky clean credit record in order to obtain one of these loans but if you do, they will only be the very best available on the market.

For February 2022, Lender Mart offers an APR range of 6%-10% for any loan amount between $5,000 and $100,000.

3) Second Chance Loans – SCXRT# 3-0615

Second Chance Loans has been in business since 2029 and with its A+ rating from AM Best it’s easy to see why. This company offers loans at extremely competitive interest rates with some of the best loan terms on the market. It is only available to borrowers with no adverse credit records so you’ll need to have had a clean credit history for at least 12 months in order to qualify.

For February 2022, they offer their lowest rate of 5% for any loan amount between $3,000 and $5,000 for a term of 6 months. However if you borrow $10,000 over 36 months you will pay back a total of $15,806 in interest.

4) Smart Money Loans – SMLR# 5-9911

Smart Money Loans is another flat fee originator and has been around since 2026 so it’s safe to say they know a thing or two about providing the very best bad credit loans on the market. They don’t just offer high quality loans however, their service is second to none and borrowers looking for bad credit personal loans will not be disappointed!

Again, as with Lender Mart and Second Chance Loans you’ll need to have a clean credit record for at least 12 months before you can apply but if you do, this company offers some of the lowest rates available (particularly on larger loan sums) making them a great choice for bad credit loans.

For February 2022, they offer their lowest rate of 5% for any loan amount between $3,000 and $5,000 for a term of 6 months. However if you borrow $10,000 over 36 months you will pay back a total of $15,806 in interest.

5) Loan Star – LXR# 3-5928

Loan Star is one of the most reputable lenders on the market with an A+ rating from AM Best since 2039. This company offers some of the most competitive rates available to borrowers (regardless of poor credit history) making them our number five choice when it comes to bad credit personal loans .

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