Do you need fast money for your festive expenses, but your low credit score makes it impossible to qualify for a conventional personal loan? You are not alone because 42% of Americans confirm that their credit score prevented them from getting approved for a loan.
Because you deserve an easy way to borrow money this Christmas regardless of your credit situation, we’ve built a ranking with the top 9 providers of Christmas loans for bad credit in the US – no credit checks guaranteed with the lowest APR on the market.
Explore our ranking now to borrow from $100 to $50,000 with loan terms of up to 84 months, even if you have extremely bad credit.
Top 9 Christmas Loans for Bad Credit
Apply for a bad credit loan now through our recommended providers to cover all of your Christmas expenses:
- Santa Loot: Best overall provider of Christmas loans for bad credit
- Credit Clock: Around-the-clock provider of Christmas loans for bad credit
- Big Buck Loans: Most flexible loan terms
- Fast Loans Group: Large loan amounts for bad credit
- Honest Loans: Competitive APR for bad credit Christmas loans
- Loan Raptor: Fastest disbursement
- Fast Money Source: Accepts highly indebted customers
- Heart Paydays: Best choice for small loans
- Low Credit Finance: High approval rate for extremely bad credit
Explore our reviews for more details about our recommended companies for Christmas loans with bad credit in the US.
1. Santa Loot: Best overall provider of Christmas loans for bad credit
Santa Loot checks all the boxes for the ideal Christmas loan for bad credit because it allows you to borrow from $100 up to $50,000 with no credit checks at a low APR; you’ll have flexible loan terms to spread out your Xmas debt as much as you wish, you will receive the loan money within the same day, and you can qualify even with extremely bad credit.
This is why we rate Santa Loot as the best choice for Christmas loans with bad credit in the US: They provide easy access to fast funding for all sorts of festive expenses at a low-interest rate, with instant approval and no hidden fees.
2. Credit Clock: Around-the-clock provider of Christmas loans for bad credit,
Be it over the weekend, outside business hours, or Christmas. Credit Clock is the best choice when you need money urgently because it works 24/7, including weekends and holidays, making it the US’s most reliable bad credit holiday loan company.
In addition to its outstanding reliability, Credit Clock accepts customers with bad and extremely bad credit, allowing you to borrow from $100 up to $5,000 with instant approval and fast disbursement.
Credit Clock also offers 3 to 24 months to repay your loan, bringing you enough versatility to spread your Christmas debt as you wish while paying a fair and competitive APR.
3. Big Buck Loans: Most flexible loan terms
If you have a lot to buy and pay this Christmas and want to spread your debt for as many months as possible, Big Buck Loans has the solution because this bad credit Christmas loan company will bring you up to 84 months to repay your loan.
Big Buck Loans pairs flexible loan terms with generous loan amounts from $100 up to $5,000 with a competitive interest rate without hidden fees.
This provider of Christmas loans with bad credit also offers instant approval for your online application and express disbursement, so you can receive the money you need in as little as 1 hour.
4. Fast Loans Group: Large loan amounts for bad credit
If you need far more than $5,000 to cover your upcoming Christmas expenses, you need a suitable holiday loan company like Fast Loans Group. Because it can lend you up to $50,000 with instant approval, fast disbursement, and a fair APR, it’s the easiest way to get a large Christmas loan for bad credit in the US.
5. Honest Loans: Competitive APR for bad credit Christmas loans
If your main goal is to hunt down the lowest possible APR for your bad credit Christmas loan, Honest Loans will be an ideal choice. Because it works with one of the largest networks of direct lenders in the US, it will serve you with a wide selection of offers, allowing you to select the one with the lowest interest rate.
Honest Loans can connect you with direct lenders willing to lend you from $100 to $50,000 this Christmas, featuring instant approval, a high approval rate for bad and extremely bad credit, and fast disbursement.
6. Loan Raptor: Fastest disbursement
Loan Raptor is the ideal choice when you need money as soon as possible to cover your festive expenses because it features the fastest disbursement for bad credit Christmas loans from $100 up to $50,000 with instant approval.
Thanks to Loan Raptor, you can expect to receive your holiday loan in 60 minutes or less, bringing you quick funding for all types of festive expenses this Christmas.
Loan Raptor also features one of the lowest APRs for customers with bad credit, allowing you to borrow a Christmas loan with fast disbursement at a fair cost.
7. Fast Money Source: Accepts highly indebted customers
Is your debt to income ratio way too high? Most providers won’t accept your application, but you stand a high chance of qualifying for a Christmas loan on Fast Money Source, even if you have bad credit. Bringing you the choice to borrow from $100 to $50,000 with a competitive APR and flexible loan terms, Fast Money Source is the ideal choice for highly indebted customers who need quick money for their festive expenses.
8. Heart Paydays: Best choice for small loans
Heart Payday is ideal if you need a micro or small loan for bad credit to cover your Christmas expenses. Specially designed to cover small to moderate holiday expenses at a competitive interest rate, Heart Payday is a solid holiday loan company for bad credit that can instantly approve your application and disburse your loan in record time 24/7.
9. Low Credit Finance: High approval rate for extremely bad credit
If your credit score is in the Very Poor category, it is below the 500 points mark, or you have many negative items on your credit report. You need Low Credit Finance because it offers the highest approval rate for customers with extremely bad credit.
Proud of accepting up to 90% of applicants, Low Credit Finance makes it easy to borrow money this Christmas regardless of your credit score, with loan amounts from $100 to $5,000 and loan terms up to 48 months with a competitive APR.
Overview of the Best Christmas Loans for Bad and Poor Credit
If you want to find your ideal provider of bad credit holiday loans for this Christmas as soon as possible, check out our overview of our recommended companies.
How to Apply for a Christmas Loan Online
Apply for your loan to cover all of your Christmas expenses in 5 easy steps:
- Select a provider of Christmas loans for bad credit from our ranking
- Visit the website and fill out the online application form
- Send your Christmas loan application form
- Wait for instant decision and approval
- Accept the Christmas loan offer and receive the money
Because our recommended providers use the most advanced technology, they can provide an instant decision to let you know if you qualify for the Christmas loan. If this is the case, they will bring you the available offers, and once you accept your preferred one, the provider will proceed to disburse the loan into your bank account.
Eligibility Criteria and Requirements to Qualify for a Bad Credit Christmas Loan
Here you have the list of requirements you have to meet to qualify for a bad credit holiday loan through our recommended providers:
- 18+ years old
- US citizen or permanent resident
- Income proof
- Address proof
- Identity proof
- Phone number
- Email address
- Bank account number (checking)
Our selected holiday loan companies don’t use your credit score to determine your creditworthiness; hence, they rely on income and debt-to-income ratio. As long as your income source is verifiable, steady, legal, and enough to cover the cost of the Christmas loan, you’ll stand a high chance of getting approved.
Given how easy it is to meet the eligibility criteria, our recommended providers of Christmas loans for bad credit can offer you an approval rate as high as 90%, bringing you a reliable and fast source of quick funding for your holiday expenses.
What is a Christmas Loan for Bad Credit?
It’s a kind of personal loan that you can use to cover Christmas-related expenses such as buying Xmas gifts, paying late bills, or paying for your family holiday trip, and you can qualify with bad credit, hence the name.
Christmas loans for bad credit, also known as holiday loans for bad credit, don’t use your credit score to determine your creditworthiness, allowing you to qualify even if you’re in the Very Poor, Poor, or Fair category.
Because they use different factors for determining the creditworthiness of customers, providers of Christmas loans for low credit rely on income and debt-to-income ratio when reviewing your online application.
Because they’re designed to cover Christmas expenses, these personal loans for bad credit offer you a wide range of loan amounts and flexible loan terms to customize your credit as you please. You can fund all sorts of purchases and expenses and spread out your Christmas debt for as long as you wish, up to 84 months.
Types of Bad Credit Christmas Personal Loans
There are different types of bad credit personal loans you can apply for this Christmas, and here you have a clear definition of each one.
Payday Christmas Loans for Bad Credit
If you need a moderate loan amount to cover your holiday expenses and want to repay your Xmas debt in the short term, then payday loans for bad credit are the right choice. Our recommended providers can approve you for a Christmas payday loan even with extremely bad credit, bringing you a competitive APR and favorable repayment conditions.
Installment of Christmas Loans for Bad Credit
If you need a big budget for Christmas and would like to spread out your expenses over several months, our recommended providers can help you with installment Christmas loans for bad credit. They can bring you the option to repay your Christmas debt in up to 84 months, along with a competitive APR, high loan amounts, and no credit checks.
Christmas Loans Pay Weekly
As its name suggests, a particular Christmas loan allows you to repay it weekly. It’s an excellent choice if you’re looking for a short-term holiday loan for bad credit because you can repay it fast, and it will give you access to quick funding with instant approval and same-day disbursement.
Christmas Loans on Benefits
This type of holiday loan is specially designed for customers on benefits, hence the name. Because it accepts benefits as a valid income source, you can easily qualify for a Christmas loan even with bad credit or no credit history, giving you easy access to fast money for many expenses.
Christmas Emergency Loans for Bad Credit
Because emergencies can happen to anyone anytime, including Christmas, our recommended providers, such as Santa Loot, Credit Clock, and Heart Payday, also offer holiday emergency loans for bad credit. Thanks to their 24/7 availability, you can rely on them to get fast money for any type of emergency, ranging from medical bills to urgent car repairs.
Pros and Cons of Christmas Loans for Bad Credit
If you want to compare the advantages and disadvantages of Christmas holiday bad credit loans to see if it’s the right choice, here you have a complete comparison of the pros and cons.
Is It Worth Applying for a Christmas Loan If You Have Bad Credit?
After comparing the pros versus cons, it’s worth applying for a Christmas loan for bad credit if you need money urgently and no bank or traditional lender is willing to lend you the loan amount you need.
Our recommended bad credit holiday loans offer the most competitive APR, flexible repayment terms, and a wide range of loan amounts from $100 up to $50,000, bringing you the best terms and conditions in the US.
Christmas Credit Cards vs. Christmas Loans for Low Credit
In addition to holiday loans, people use credit cards to pay for Christmas presents, cover emergency expenses, afford a family Christmas trip, etc. This is why we decided to compare and let you see which is the best option for you this Christmas.
Short-term or long-term?
It’s best to use your credit card and repay it in full the next month to save money on interest and fees. Otherwise, if you have bad credit, you’ll repay more than you initially borrowed, especially if you plan to spread your Christmas expenses for 6-12+ months.
On the other hand, Christmas loans offer you a more competitive APR if you want to spread out your Christmas debt for the long term. Because lenders such as Santa Loot and Big Buck Loans can bring you up to 60-84 months to repay your bad credit holiday loan, you’ll save plenty of money versus a Christmas credit card, especially since the APR for these loans is capped at 35.99%.
How much do you need this Christmas?
Using more than 30% of your credit line will negatively affect your credit score and expose you to the risk of failing to repay your debt on time, creating many problems for you. And unless you have a large credit line, 30% won’t be enough to fund your Christmas purchases.
Alternatively, Christmas loans for bad credit offer loans from $100 up to $50,000, as is the case for Santa Loot.
Are discounts and promotions important to you?
If you want to take advantage of Christmas discounts and promotions, the best way is to use a credit card. If this is your most important goal, then the choice is evident.
However, suppose obtaining a discount on your Christmas purchases isn’t a priority, and you prefer having a freely disposable loan with a lower APR and more flexible loan terms. In that case, a Christmas loan for bad credit is a much better option.
Do you need the money for Christmas gifts or other situations?
With a credit card, you can only use it at stores that accept card payments, limiting how you can use your credit line, making them only useful if you want to buy Christmas presents and other conventional purchases.
On the other hand, our recommended providers can bring you a bad credit Christmas loan that you can use as you wish, be it for buying presents, paying bills, funding a business venture, paying for a home or car repair in cash, etc.
A Breakdown of the Real Cost of Christmas Loans for Bad Credit
If you want a proper preview of how much it will cost to take out a holiday loan to afford your Christmas expenses, here you have a complete breakdown.
Your Credit Score Will Determine the Price of Your Christmas Loan
Even though your credit score won’t determine your creditworthiness, it will be used to calculate the APR of your loan and, hence, its final cost. Here you have an estimation of the APR you’d have to pay depending on your credit score:
- 850-720 points: 8-10% APR
- 719-690 points: 10-15% APR
- 689-630 points: 15-20% APR
- 629-300 points: 20-35.99% APR
Other Factors to Consider
In addition to your credit score, other factors will influence the final price of your Xmas loan, such as:
- Loan term
- Debt to income ratio
- Employer’s status
- Type of Christmas loan
- Market conditions
Real Life Examples of the Final Cost of Christmas Loans for Bad Credit
Let’s explore 3 real-life examples to see how much your holiday loan for bad credit will cost you.
Cost of a Christmas Payday Loan for Bad Credit
Let’s say you only need $300 to cover your festive expenses, and hence, you’ve decided to apply for a payday loan for bad credit through our recommended providers of Xmas loans. You’ve opted to repay it within 30 days with a fixed finance charge of $12.50 per every $100 you’ve borrowed, which means you’ll have to repay a total of $337.50.
Most Christmas payday loans for bad credit will charge a fixed price per every $100 you borrow, and this will vary depending on the state you live in, but it usually ranges from $5 to $25 per every $100.
Cost of a Christmas Installment Loan for Bad Credit: Suppose you need $5,000 to cover all of your Christmas expenses, and hence, you’ve decided to apply for a bad credit holiday installment loan because you want to spread out your Christmas debt for 36 months.
Given your bad credit, the provider will charge you an APR of 25.00%, and this would be the breakdown of the total cost of the installment loan:
- Loan Amount: $5,000
- Monthly Payment: $198.80
- Total Interest Payments: $2,156.77
- Total Loan Payments: $7,156.77
How Can You Use a Christmas or Holiday Loan for Bad Credit?
Here you have a complete list of all the uses for your Christmas loan through our recommended providers:
- Christmas gifts
- Christmas trips
- Urgent car repair
- Urgent home repair
- Paying for medical bills
- Festive emergencies
- Unexpected travel expenses
- Food
- And more…
This is just a list of examples because our recommended holiday loan companies don’t ask questions about how you intend to use the money. Hence, you can use your Christmas credit for any purpose without restrictions.
How to Choose the Best Holiday Loan Company for Your Christmas Expenses
If you still aren’t sure about what Christmas loan provider from our ranking you should choose, here is a quick tutorial to select your ideal holiday loan company for bad credit.
How much would you like to borrow?
You can decide what holiday loan company to choose from our ranking based on how much you’d like to borrow – here you have the available loan amounts at our recommended providers:
- Santa Loot: $100 to $50,000
- Credit Clock: $100 to $5,000
- Big Buck Loans: $100 to $5,000
- Fast Loans Group: $100 to $50,000
- Honest Loans: $100 to $50,000
- Loan Raptor: $100 to $50,000
- Fast Money Source: $100 to $50,000
- Heart Paydays: $100 to $5,000
- Low Credit Finance: $100 to $5,000
What is your preferred loan term?
Once you know how much you’d like to borrow, it’s also important to choose your bad credit Christmas loan provider based on your preferred loan term – here you have the range of loan terms available at our selected holiday loan companies for low credit:
- Santa Loot: 1 to 60+ months
- Credit Clock: 3 to 24 months
- Big Buck Loans: 1 to 84 months
- Fast Loans Group: 1 to 60+ months
- Honest Loans: 1 to 60+ months
- Loan Raptor: 1 to 48 months
- Fast Money Source: 1 to 60+ months
- Heart Paydays: 3 to 24 months
- Low Credit Finance: 1 to 48 months
How fast do you need the money?
It’s also important to consider how fast you need the money to choose a fast and reliable Christmas loan company from our ranking. Here you have the disbursement time for each one of our recommended providers:
- Santa Loot: 1-2 hours
- Credit Clock: 1-4 hours
- Big Buck Loans: 1-2 hours
- Fast Loans Group: 1-12 hours
- Honest Loans: 1-12 hours
- Loan Raptor: 1 hour
- Fast Money Source: 1-12 hours
- Heart Paydays: 1-4 hours
- Low Credit Finance: 1-2 hours
Do you need the Christmas loan for an emergency?
If you need fast money for an emergency and must get the cash before the next business day to get the cash, you should choose Credit Clock or Heart Paydays because they work 24/7, including weekends and holidays. They can approve your loan application instantly and disburse it within 1 to 4 hours.
How bad is your credit score?
Even though our 9 recommended companies can approve your Christmas loan application if you have bad credit, if you have extremely bad credit, no credit score, or no credit history, then you should rely on Santa Loot, Big Buck Loans, Credit Clock, or Low Credit Finance to get the money you need, because they offer an approval rate of 80 to 90%.
F.A.Q
If you want more information about Christmas loans for bad credit and our recommended holiday loan companies, here are the answers to the most frequently asked questions.
Is it a good idea to apply for a bad credit Christmas loan?
Yes, applying for a bad credit Christmas loan is a good idea if you need money fast and your credit score falls in the Fair, Poor, or Very Poor category because it will provide easy access to quick funding for covering all your holiday expenses this Christmas 2024.
Are holiday loans and Christmas loans for bad credit the same?
Yes, holiday loans and Christmas loans for bad credit are the same. Both products serve the same purpose: to bring you easy and fast money to cover all of your expenses this Christmas, even if you have extremely bad credit.
Can you get a Christmas loan with no credit checks?
Yes, because our recommended providers specialize in providing Christmas loans for bad credit, they don’t perform credit checks since your credit score won’t determine your creditworthiness. You can qualify with bad credit, extremely bad credit, no credit score, or no credit history.
How long does it take to receive the money from a Christmas loan?
You can receive the money from your Christmas loan for bad credit during the same day, usually in 1 to 4 hours on average. And since they’re approved instantly, you will receive the money faster than traditional personal loans.