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Bad Credit Loan Approval Odds by State

Bad Credit Loan Approval Odds by State

See whether your state favors income-based approval or weighs credit history more.

Alabama

A $500 cap and 17.5% fee keep underwriting simple, which tends to favor bad-credit appr...

Alaska

No credit-score cutoff on a first-time $500 advance — approval is based on income and r...

Arizona

No traditional bad-credit product exists here — matches route to installment lenders th...

Arkansas

A 17% constitutional cap means bad-credit applicants are matched with personal-loan len...

California

Small advances under $300 don't hinge on a credit-score cutoff; larger installment amou...

Colorado

The 36% all-in cap moved lenders toward installment products where credit history carri...

Connecticut

A wage-assignment ban limits the credit-light advance structure other states allow.

Delaware

A $1,000 cap and up to 5 simultaneous advances mean more lenders competing for bad-cred...

Florida

A database check confirms you don't already have an advance outstanding — it isn't a cr...

Georgia

Loans under $3,000 structured as payday products are barred, pushing bad-credit applica...

Hawaii

Act 56 replaced the credit-light advance product with installment loans that weigh cred...

Idaho

No rate cap and a $1,000 limit mean lenders can approve bad-credit applicants without a...

Illinois

The 36% all-in cap moved lending toward installment products that weigh credit history ...

Indiana

A 3-advance concurrent limit is the only real constraint — approval isn't tied to a cre...

Iowa

A 2-advance limit doesn't hinge on credit score — approval is generally income-based.

Kansas

A per-lender 3-advance limit doesn't factor credit score into the decision.

Kentucky

A statewide database check verifies outstanding advances — it isn't a credit check.

Louisiana

A database-enforced one-advance-at-a-time rule doesn't hinge on credit score.

Maine

A 30% APR small-loan cap rules out the credit-light payday product, shifting bad-credit...

Maryland

A 33% usury cap shifts bad-credit borrowers toward personal-loan lenders that weigh cre...

Massachusetts

A low usury cap keeps the credit-light advance product out, so bad-credit borrowers fac...

Michigan

A statewide database check tracks outstanding advances, not credit history.

Minnesota

The 2024 36% cap shifted the market toward installment products that weigh credit histo...

Mississippi

A simple $500 all-in cap keeps underwriting income-based rather than credit-score-based.

Missouri

No state rate cap and a simple $500 structure keep approval income-based.

Montana

A voter-approved 36% cap pushed most non-tribal lenders toward installment underwriting...

Nebraska

Initiative 428's 36% cap shifted the market toward installment products that weigh cred...

Nevada

No state fee or rate cap gives lenders flexibility to approve bad-credit applicants on ...

New Hampshire

A 36% cap since 2009 keeps approval realistic for bad credit, though credit history fac...

New Jersey

A low usury cap keeps the credit-light advance product off the table.

New Mexico

The 2023 36% cap moved lending toward installment products that weigh credit history mo...

New York

A 25% criminal usury cap makes the credit-light advance product illegal outright.

North Carolina

Banned since 2001 — bad-credit borrowers rely on licensed personal-loan underwriting th...

North Dakota

A 20% fee cap and database check don't factor credit score into approval.

Ohio

Installment structure and a 91-day minimum term mean credit history factors in more tha...

Oklahoma

The Small Lenders Act framework keeps underwriting income-based rather than credit-scor...

Oregon

Despite the 36% cap plus origination fee, approval remains largely income-based rather ...

Pennsylvania

A 24% APR cap keeps the credit-light advance product out of the state.

Rhode Island

Income-based approval is typical today, but the upcoming 2027 rate cap may shift toward...

South Carolina

The Deferred Presentment Services Act was repealed effective January 2026, ending the c...

South Dakota

A 2016 voter-approved 36% cap moved most lenders toward installment underwriting that w...

Tennessee

Both the payday and flex-loan licensing frameworks support income-based approval.

Texas

No state rate cap and streamlined licensing give lenders flexibility to approve on inco...

Utah

No APR cap means lenders have flexibility to approve bad-credit applicants based on inc...

Vermont

A low usury cap keeps the credit-light advance product out of the state.

Virginia

Installment structure replaced the single-payment advance, weighing credit history a bi...

Washington

An 8-advance annual limit is the main constraint — approval is still mostly income-based.

Washington DC

A 24% APR cap makes the credit-light advance product effectively illegal.

West Virginia

No deferred-presentment advances are permitted, so bad-credit borrowers face more credi...

Wisconsin

No statutory rate cap gives lenders flexibility to approve bad-credit applicants based ...

Wyoming

No maximum advance amount and simple monthly-term underwriting keep approval income-bas...

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