Trusted by 50,000+ borrowers nationwide

Second Chance Loans:
Everyone Deserves a Fresh Start

Bad credit? Bankruptcy? Past mistakes? We connect you with lenders who believe in second chances. No judgment. No lectures. Just real solutions for real people trying to move forward.

✓ Won't affect your credit score  •  ✓ Takes 2 minutes  •  ✓ 100% free

50,000+

Second Chances Given

73%

Approval Rate

4.8★

Average Rating

2 Min

To Check Options

Check Your Second Chance Loan Options

What Is a Second Chance Loan?

A second chance loan is exactly what it sounds like - a financial lifeline for people who've hit rough patches. Maybe you went through a divorce, lost a job, had medical emergencies, or made some decisions you're not proud of. Life happens.

Traditional banks look at your credit score and see a number. Second chance lenders look at your situation and see a person. They consider your current income, job stability, and ability to repay - not just what happened in the past.

These aren't predatory payday loans. These are real personal loans with fixed monthly payments, reasonable terms, and the potential to actually help rebuild your credit over time.

Loan amounts from $1,000 to $35,000 - Start small and build up
Fixed monthly payments - Know exactly what you owe each month
Credit scores as low as 500 accepted - Past mistakes don't define you
Reports to credit bureaus - Build credit with on-time payments
Fast funding - Often next business day once approved

Who Qualifies for a Second Chance Loan?

If any of these describe your situation, you may qualify

Bankruptcy History

Chapter 7 or Chapter 13 bankruptcy on your record? Many borrowers get approved 1-2 years after discharge. Some lenders work with you even sooner.

Low Credit Score

Credit scores from 500-620 are welcome. Our lender network specializes in working with people traditional banks turn away.

Past Due Accounts

Collections, charge-offs, or late payments in your history? Lenders look at your current situation, not just your past.

Foreclosure History

Lost a home in the past? You can still qualify for a personal loan. Second chance lenders understand that tough times don't last forever.

Limited Credit History

New to credit or have a thin file? Some second chance lenders work with alternative data like rent payments and utility bills.

Previous Loan Default

Defaulted on a loan before? If you have steady income now and can demonstrate ability to repay, lenders may give you another chance.

How Second Chance Loans Work

Getting your second chance is simple

1

Tell Us Your Story

2-minute form about your income, employment, and loan needs. No credit impact at this stage.

2

We Find Your Match

Our platform searches lenders who specialize in your situation. Most get multiple offers.

3

Get Your Funds

Choose your best offer, complete the application, and receive funds as soon as next business day.

Second Chance Lending: By The Numbers

You're not alone - millions of Americans are rebuilding

68M Americans Have subprime credit (below 670)
$1.4T Personal Loan Debt Outstanding in the U.S.
500K+ Bankruptcies Filed annually in the U.S.
+53 pts Avg. Credit Increase After 12 months of on-time payments

Second Chance Loans vs. Other Options

Know the difference before you borrow

Feature Second Chance Loans Payday Loans Traditional Banks
Accepts bad credit ✓ Yes ✓ Yes ✕ No
Fixed monthly payments ✓ Yes ✕ No ✓ Yes
Reasonable APR (under 36%) ✓ Many options ✕ 400%+ typical ✓ Yes
Builds credit history ✓ Yes ✕ Rarely ✓ Yes
Loan terms 12-60 months ✓ Yes ✕ 2-4 weeks ✓ Yes
Fast approval process ✓ Same day ✓ Same day ✕ Days/weeks

Second Chance Loan FAQ

Common questions about rebuilding your financial life

A second chance loan is a personal loan designed for people with poor credit history, past bankruptcies, or previous loan defaults. These lenders look beyond your credit score and consider your current income, employment stability, and ability to repay. They're called "second chance" because they give borrowers an opportunity to rebuild their credit after financial setbacks.
Yes, many lenders in our network specifically work with people who have bankruptcies on their record. While a Chapter 7 bankruptcy stays on your credit report for 10 years and Chapter 13 for 7 years, you don't have to wait that long to get approved. Many borrowers get approved within 1-2 years after discharge, and some lenders will work with you even sooner.
Second chance loans are specifically designed for people with low credit scores. Our network includes lenders who work with scores as low as 500, though most approvals happen in the 550-620 range. Unlike traditional lenders, second chance lenders weigh your current income and employment more heavily than your credit history alone.
Second chance loan amounts typically range from $1,000 to $35,000, depending on your income, employment, and state regulations. First-time borrowers often start with smaller amounts ($1,000-$5,000) and can qualify for larger loans after establishing a positive payment history. Some lenders offer up to $50,000 for qualified borrowers.
No, second chance loans are NOT payday loans. Payday loans are short-term (2-4 weeks), high-interest loans that often trap borrowers in debt cycles. Second chance personal loans have longer terms (12-60 months), fixed monthly payments, and are designed to help you rebuild credit. Our network does not include payday lenders - only reputable installment loan providers.
Checking your options through SwipeSolutions uses a soft credit inquiry, which does NOT affect your credit score. You can see what you qualify for without any risk. A hard inquiry only occurs if you decide to formally apply with a specific lender after reviewing your offers.

Second Chance Loans Available in All 50 States

AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY

Ready for Your Second Chance?

Your past doesn't have to define your future. Check your options today - it only takes 2 minutes and won't affect your credit score.

✓ No credit impact  •  ✓ 100% free  •  ✓ Takes 2 minutes