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Can I Get an Emergency Loan with Bad Credit?

The process of taking a loan for an emergency expense gets difficult when you have the added complication of bad credit. In general, the American credit score is on the rise as more people are improving their credit. The average U.S. consumer has a FICO score of 703, which is up two points from 2018 and considered good. Almost 6 in 10 Americans now have a credit score over 700. People who have good credit are able to obtain loans at lower rates when they need them. Some lenders will simply deny your application if your credit score is too low. But at Jora Credit, we are here to help in your time of need.

Unfortunately, bad credit can follow you for years and limit the choices that you have. Therefore, it is important to understand credit basics in case you accidentally ruin your credit with overspending. Bad credit will impact the bigger purchases that you make. You may not get approved for your dream apartment and purchases can cost more if your credit is bad. When buying a home with bad credit, lenders may charge higher interest rates.

You should be continuously monitoring your credit to make sure your buying habits aren’t going to cost you in the long run. If your credit score dips below 500, it is considered poor and you may need to look into repairing your credit score. Good credit signifies that you are responsible and pay your bills on time which is one reason lenders take your credit score into consideration when making a loan.


Even the best of us end up making poor financial decisions occasionally that can lead to bad credit. While having bad credit isn’t a lifetime situation, it is a consideration for most lenders. If you have bad credit and suddenly find yourself in an emergency needing fast funds there are a few loan options for you. While many lenders won’t lend to people who have bad credit, payday loans and bad credit loans are available to people who haven’t maintained good financial standing. Apply now to see if we can help you.

Before you sign up for a bad credit loan or a payday loan, make sure that you understand the financial cost that you have for the loan. After analyzing how much the loan will cost you, you may determine that the purchase won’t be worth the cost in the long run.

It can be more challenging to get an emergency loan with bad credit, but there are some options available for you. But often alternatives to traditional banks are faster and more willing to lend to someone who has bad credit.

  • Online lenders. Lenders who operate entirely online are able to provide access to people with bad credit because they avoid the overhead costs that are associated with traditional banks.
  • Credit union loan. Some federal credit unions offer their members small loans that are similar to payday loans. The loan amount is often capped and the terms tend to range from one to twelve months. These loans are usually only eligible to members of the credit union.
  • Secured personal loan. Banks may offer loans with collateral attached to them known as secured personal loans. This collateral could be something like a cash account or car title. The asset reduces the risk to the lender and if you fail to repay the loan, they can seize the asset.
  • Apply with a co-signer or co-borrower. If you have a trusted friend or family member willing to take a risk on you repaying the debt, you can apply for a loan with a co-signer. The co-signer or co-borrower will agree to repay your debt in the event that you default or miss a payment. Using a co-signer with good credit can help you qualify if they have excellent credit. When you apply with a co-borrower, both of you are agreeing to repay the loan together.

Home Repairs

Home repairs can be a major financial burden, especially when they come unexpectedly. In such situations, an installment loan from Jora Credit can provide much-needed relief. An installment loan from Jora can be a better option than alternatives like payday loans because Jora allows you to pay back your loan over a specified period of time in regular installments – not all on your next payday. Here are some benefits of using an installment loan from Jora for unexpected home repairs:


An installment loan from Jora offers a manageable repayment schedule, which can help borrowers avoid financial stress. With a fixed interest rate and no hidden fees, the bi-weekly repayments are consistent, making it easier to budget and plan for the future. We can even align your payment due dates to your pay dates.

An installment loan from Jora offers a manageable repayment schedule, which can help borrowers avoid financial stress. With a fixed interest rate and no hidden fees, the bi-weekly repayments are consistent, making it easier to budget and plan for the future. We can even align your payment due dates to your pay dates.

Unlike secured loans, installment loans are unsecured, meaning that the borrower does not have to put up any collateral. This makes it an ideal option for those who do not have any assets or do not want to put their assets at risk. So with Jora, there’s no need to worry about having a car title. We do not require collateral.

Depending on your situation, an installment loan from Jora can be a smart solution for covering unexpected home repairs. With our affordability, quick access to funds, and lack of collateral requirement, it can provide the financial support that homeowners need to get their homes back in shape.

Timely Auto Repairs Will Keep Your Car Running

Car accidents and broken car parts can occur at any time even with proper maintenance. Unexpected car problems can be especially frustrating if you rely on your car for transportation to work. Nothing feels worse than being stranded without transportation for days because your car needs a repair that you can't afford. While public transportation and ride sharing apps can help you out in a pinch, the time and costs involved with these solutions add up quickly. A personal loan can help you with car repair expenses so that you can get back on the road faster.


If you've just been hit with a large car repair bill and you don't have the money on hand, you can take out a personal loan from Jora Credit. This provides you with the cash to pay the mechanic now and get your car fixed as soon as possible.

Applications for a Jora Credit loan are done online with some basic personal information. Loan approval is based on a few factors including income, credit, and payment history. You will get a decision within minutes of applying for a Jora loan. Once you accept the terms and conditions, you can receive funds to your account as soon as the same business day.*

When you apply for a loan from Jora Credit, you are getting an unsecured personal loan or line of credit, which means there is no collateral required. You won't have to worry about losing your car. You won't have to gather tons of financial documents to prove that you have assets. The application process is simple and can be completed in a matter of minutes by filling out an online form with some personal information.

Your loan will be processed quickly so you can get the repairs done fast if you are approved. Some lenders take up to a week to approve a personal loan. At Jora Credit, you can be approved in minutes and have the funds in your account as soon as the same business day* so you can get back on the road faster!

Lenders are typically more hesitant to offer loans to people with bad credit. There is more risk involved for them because people who have bad credit scores are more likely to default on the loan than those with good credit scores. Bad credit can make it challenging to find a lender, but it isn't impossible. There are still some lenders like Jora Credit that loans money to people with bad credit.

At Jora, we understand that people have different financial situations and their credit may not always be the best. We take into consideration a few factors in addition to the credit score before making a decision about funding a personal loan.

Jora offers customers a simple, reliable way to get a personal loan fast. We give customers the flexibility to repay their loan over a time period that makes sense for them. The Jora loan application only takes a few minutes. You can fill out the application on your phone, laptop, or tablet anytime and anywhere. It is simple and convenient.

There are no hidden fees with a loan from Jora Credit. We don't have an application fee, origination fee, or prepayment penalties. If for some reason you are late on your payment, there aren't late fees either.

If your loan is accepted by 10:30 am Central time, you can receive your funds on the same business day.* If your loan is signed and submitted after 10:30 a.m., your loan can be funded the next business banking day. This means that you can pay your mechanic to get your car fixed sooner rather than later.

Other Expenses

An installment loan from Jora Credit can be a valuable tool for managing miscellaneous unexpected expenses, which can come in many different forms. Our loans allow you to borrow a set amount of money and repay it in fixed, manageable payments over a set period of time. This can be an excellent solution for handling unexpected expenses that may be too large to pay for all at once.

Examples of unexpected expenses that an installment loan could help with include medical bills, back to school, a funeral, and unexpected travel expenses. These types of expenses can be especially challenging to manage, as they often come up suddenly and can be substantial. Medical bills, for example, can be a significant financial burden, especially if they are not covered by insurance.

An installment loan from Jora can be a useful tool for managing miscellaneous unexpected expenses. It provides a predictable payment schedule and can help you avoid the financial strain that comes with paying for large, unexpected bills all at once. By helping you cover these costs in manageable payments, a Jora loan can give you peace of mind and help you keep your finances on track.


There are a few requirements to get a Jora loan for car repairs. You must live in a state that we serve. You must be at least 18 years old, or 19 if living in Alabama. You must have a source of income. You also need to have a valid email address to communicate with us. An active and valid checking account is required to get your loan proceeds.

Once you have determined that you meet the requirements, the next step is to fill out the Jora application form with the required information. Then agree to the application disclosures and submit the application online.

A decision will be made on the application in a matter of minutes, but if we can't verify some of your application information, you may be asked to complete a quick secure bank eligibility verification. Once that is complete, you will be notified of the decision.

If you are approved, you can have the funds deposited into your account as soon as the same business day.*

Get your money fast

It's easy to apply right from your phone, laptop or tablet - anywhere, anytime. And it only takes a couple minutes.
Typically within minutes of submitting your application.
Accept your loan by 10:30 am Central time and you can get your funds on the same business banking day.*

Why Jora Credit?

We are a state-licensed, direct lender providing online loans that give you access to the funds you need.
It’s easy to apply right from your phone, laptop or tablet – anywhere, anytime. And it only takes a couple minutes.
There's no application fee, no origination fee, no prepayment fee and no late fees.
Accept your loan by 10:30 am Central time (Monday - Friday excluding holidays) and you can get your funds on the same day.*

Jora Credit is a state-licensed, direct lender offering affordable personal loans for borrowers with less than stellar credit. Since 2017, Jora has served over 75,000 satisfied customers and originated $150 million in loans. Whether you need the money for medical bills, auto repairs, or other emergency or unplanned expenses, we’re here to help.

The application process is entirely online, meaning you can complete it from the comfort of your home — or anywhere else with an internet connection. Plus, it only takes a few minutes to apply, making it easy to get the funds you need, and quickly. This means no more dealing with long applications or wait times.

Most borrowers who apply for an online installment loan through Jora receive a credit decision within a few minutes. Funds are typically available either the same day or the following business banking day, so you don’t have to wait long for the financial support you need.

Jora is committed to your financial success and is available to help you in financially trying times. Whether you need a loan right now or are weighing your options, consider choosing Jora Credit. We also have a library of resources where you can learn more about personal finance and bettering your financial — and credit — situation.

Simple Online Application Process

When you’re in a financial pinch and need cash fast, the last thing you need is a complicated application process. That’s why Jora makes applying for an online installment loan as simple as possible.

In fact, you can apply from anywhere — at any time — using only your computer, tablet, or smartphone. The process only takes a few minutes and can be done in these easy steps:

  1. Create an online account with a password. You’ll need to provide some personal information, including your full name, address, email address, phone number, date of birth, Social Security Number, and driver’s license or state ID number. You’ll also need to input some basic financial and job-related information. This includes your income amount, banking information, and how much you pay for rent or mortgage.
  2. Agree to the application disclosures. Review Jora Credit’s Privacy Disclosure and any other terms and conditions. Then, submit your application.
  3. Wait for a credit decision. Most people find out whether they’re approved within minutes of applying. If Jora cannot verify certain information, you may need to complete a bank eligibility verification form. After doing this, you should get the results of your application within a few minutes.
  4. Choose the loan amount. You’ll see the maximum loan amount you qualify for once Jora approves the application. Select the amount that works best for you.
  5. Receive funding. If you accept the loan before 10:30 a.m. CT (Monday through Friday), the funds can be available that day. Otherwise, you may have to wait until the following business banking day to receive funds in your bank account. Paper checks typically take up to 10 business days to arrive in the mail.

Range of Loan Amounts

If you are a first-time applicant, you may qualify for a loan ranging from $500 to $2,600 (depending on your state). If you have borrowed from Jora before, you could qualify for a loan of up to $4,000.

No Hidden or Extra Fees

Jora’s installment loans do not come with any additional fees. This means no prepayment penalties, so you can repay the loan early with no charge — and save on interest. This can help a lot, especially if you are trying to save money for other things.

There are also no late fees or non-sufficient funds (NSF) charges.

Longer and Flexible Repayment Terms

Jora’s installment loans come with longer repayment periods, so you can repay what you owe over time.

Transparent Loan Terms and Costs

You will get the exact payment terms and annual percentage rate (APR) once you receive the official Loan Agreement. However, you can also use Jora’s Loan Calculator to determine the total estimated cost of the loan before applying.

No Minimum Credit Score

Although Jora does check your credit when you apply for a loan, you don’t need good credit to qualify. Jora considers multiple factors when deciding to approve a loan, including your employment status and income.

May Help Establish Credit

By consistently making timely payments, a Jora installment loan can help you establish credit, potentially leading to better financing options with more favorable terms and rates down the line.

Free Educational Resources and Tips

The Jora Credit Resource Center is a one-stop shop for those looking to learn more about personal finance, credit-building, loans, and more.

Top-Notch Customer Service

Jora offers excellent customer service and is committed to helping you in every way possible. The team consists of industry professionals who are willing to listen and support you throughout the process. You can contact the Customer Support team via phone (888-256-6083) or through our online contact form.

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States we serve

Where Jora Credit Does Business

Jora Credit currently offers installment loans in 10 states: Alabama, Delaware, Idaho, Mississippi, Missouri, North Dakota, South Carolina, Texas, Utah, and Wisconsin. Jora also offers lines of credit in Kansas and Tennessee.

Each state may have its own laws that influence things like borrowing amounts, repayment terms, and interest rates. However, here is an overview of what you can expect from your Jora loan, based on your state of residence.


In Alabama, loan amounts range from $2,100 to $4,000 and come with bi-weekly or monthly payments. If you want to take out a loan in Alabama, you must be at least 19 years of age.


In Delaware, you could qualify for a loan from $500 to $4,000 (up to $2,600 for first-time borrowers).


Loan amounts range from $500 to $4,000.


Jora offers a line of credit in Kansas. With this, you may request a cash advance up to your credit limit amount — $800 to $2,000 for new customers. Once you’ve repaid the principal balance and any finance charges, you can request an additional cash advance without reapplying.


In Mississippi, you can apply for a loan as low as $600 or as high as $2,400.


Jora’s installment loans range from $500 to $4,000 in Missouri.

South Carolina

Borrowers in South Carolina can apply for a loan ranging from $1,250 to $4,000.


The Jora Tennessee Flex Loan gives you access to a line of credit that you can use to request a cash advance up to your approved credit limit. Most new customers have a credit limit ranging from $800 to $2,000.


In Texas, borrowers could qualify for a loan ranging from $600 to $1,600.


Residents of Utah can borrow $500 to $4,000 if they qualify. As with other states, the payment frequency is either bi-weekly or monthly.


Installment loans in Wisconsin range from $700 to $4,000.

Frequently asked questions
Still have a question you need an answer to? Here are the answers to some of our most frequently asked questions.

Jora currently offers installment loans and lines of credit, depending on your state of residence. If you want to know more about what is available in your state, head to What it Costs and choose your state.

Installment loans work similarly to traditional loans in that you apply for the amount you need and receive the funds all at once. Once you have the loan, you must then start making payments — bi-weekly or monthly — until you have repaid the principal and interest. After repaying the loan in full, you can then apply for another loan if needed.

With Jora, all you need to do is fill out and submit an online application. Once Jora verifies your information and if the application is approved, simply select the loan amount you need, simply select the loan amount you need and accept the terms and conditions. You may receive funds the same day or the next business day, provided it is not a bank holiday or weekend.

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Learn More About Online Loans

When it comes to finding the right financing for you, it helps to know all of your options. Here are the main types of online loans to consider.

Personal Loans

A personal loan is a traditional loan offered through a bank, credit union, or private lender. Personal loans typically come with fixed monthly payments (installments) and can be repaid over a couple of years. Interest rates and loan amounts vary immensely, depending on the lender and the individual’s credit and financial situation.

There are two types of personal loans: secured and unsecured. Secured loans require you to put up an asset as collateral to receive funds. This makes them easier to get than unsecured loans, but it also makes them riskier since you could lose the asset if you fail to make payments. Unsecured loans do not require collateral but may come with higher loan requirements.

If you have a poor or limited credit history, it can be hard to get a personal loan from a traditional lender. But with a Jora loan, you have a better chance of qualifying for the funding you need — without the need for good credit.

Installment Loans

Installment loans, such as those offered through Jora, are designed for borrowers with poor or limited credit who do not qualify for traditional loan options. This makes them more convenient for those who need funds for an unexpected financial emergency or other things like medical expenses or home improvement.

These loans can be repaid over a series of fixed monthly or bi-weekly payments until fully repaid. They typically include the principal balance and interest or any other lender’s fees. Interest rates, loan amounts, and repayment terms depend on the borrower’s credit score, income, and state of residence.

Jora offers installment loans with a streamlined application process and fast funding times. Payments are flexible either bi-weekly or monthly and include financing charges.

Bad Credit Loans

Most traditional lenders will check your credit score when deciding whether to approve your application. If your credit score is too low, they may decline your application altogether.

However, many bad credit loan lenders — including Jora — will consider other factors besides your credit score. This makes it easier to qualify for the funds you need even if you have spotty or poor credit.

Cash Advance Loans

A cash advance, or paycheck advance, is when you borrow a small sum — usually no more than a few hundred dollars — against your upcoming paycheck. Funds are usually available within one to three business days. You can usually get a cash advance through an app. These cash advance apps are typically free, though some come with a small monthly service fee or optional tipping service.

A cash advance loan can also refer to a payday loan. Typically, these loans are meant for those who need fast funding and don’t have good credit. They tend to come with a short repayment period. They also often come with other fees.

Payday loans

A payday loan is a small cash loan. Unlike installment loans, these loans come with a short repayment term and must be repaid on your next payday. Most payday loan lenders do not check your credit, but they do typically require proof of income and an active bank account. Many payday loans come with same-day funding.

Some payday loans are less regulated than traditional loans, meaning they might come with higher interest rates or other lender fees.

Home Equity loans

If you are a homeowner, you may qualify for a home equity loan. These loans let you borrow up to 80% (sometimes more) of the equity you have in your home. You can use the funds for nearly anything, including home renovations, debt consolidation, or big-ticket purchases.

Home equity loans usually have a fixed interest rate based on your credit score. They also often have 10 to 15-year repayment terms. If you have good credit, you could qualify for competitive rates.

Getting a home equity loan typically involves a lengthy application process that requires good credit, a low debt-to- income ratio, and solid income. Without these things, you may not be approved at all.

Additionally, home equity loans are secured by your home. If you fail to make payments, you could lose your home as a result.


A home equity line of credit (HELOC) is similar to a home equity loan in that it also uses the equity in your home. The main difference is HELOCs are a revolving line of credit that you can borrow from as needed for a set amount of time. HELOCs typically come with variable interest rates, but you only pay interest on the amount you use.

Most HELOCs have a draw period and a repayment period. The draw period is the time in which you can use the line of credit. It typically lasts 10 to 15 years. The repayment period is when you start making set monthly payments until the balance is paid. It often lasts around 20 years.

HELOCs have similar requirements as home equity loans. Most lenders require borrowers to have good credit, a low debt-to-income ratio, and a steady income.