Bad Credit Personal Loans in Arizona

If you are considering getting a personal loan in Arizona, and you have bad credit, there is some basic information you might like to know. While in the past getting a loan with bad credit may have been a challenge and difficult, getting a bad credit loan has gotten more accessible in recent years. In this article, you will discover:

  • What kind of loans are available in Arizona?
  • What products or services can a loan for bad credit be used for?
  • How can I apply for a bad credit loan with Bad Credit?

 

Read on to understand how bad credit personal loan options* work in the great state of Arizona.

Bad Credit Personal Loan Options in Arizona

In the state of Arizona, bad credit loans are short-term financial solutions specifically designed to help customers who need to borrow money but may not qualify with current credit scores for loan options offered through conventional lenders. If you have bad credit or no credit history, there are several loan products that may be available to help rebuild your credit profile and gain access to the services and products you may need.

 

Because lending laws vary from state to state, it’s essential to know which lending products are available for you to choose from based on where you live. For instance, even though payday loans are legal in thirty-seven states, they are not allowed in Arizona. Therefore, borrowers with less-than-ideal credit may need to compare the advantages and disadvantages of individual lending options based upon their requirements and the state in which they reside.

Understanding Arizona Loan Types for Bad Credit

In Arizona, several legal financing options are available for customers with bad credit to choose from. Bad credit loan options include personal loans, auto loans, and home loans. While home and auto loans must be used for dwellings and vehicles, personal bad credit loans are more generalized and do not have restrictions on a borrower’s reason for the financing.

Bad Credit Personal Loans

Bad credit personal loans work similarly to an installment loan financed by a conventional lending institution. Cash is borrowed from a lender, and repayment occurs through fixed monthly payments over an agreed-upon length of time.

 

Unsecured loans are cash loans that do not require any form of collateral to obtain. After reviewing credit history and proof of income, a lender may or may not approve the application for a loan. If approved, the lender may be able to transfer funds directly into a borrower’s bank account as soon as the next business day. Unsecured loans typically do not carry restrictions.

 

Secured loans are associated with lower interest rates and have more desirable loan terms than unsecured loans. For example, suppose a potential borrower’s credit score does not meet a lender’s loan application criteria for approval. In that case, the borrower may still obtain the financing they need through a secured bad credit personal loan.

 

Unsecured bad credit personal loans – Some bad credit personal loans are unsecured, meaning you don’t need to put down any form of collateral to get the loan.

 

Secured bad credit personal loans – This type of loan may require collateral. They are less common but available depending on the lender.

Bad Credit Auto Loans

In Arizona, there are two types of bad credit auto loans available for borrowers to consider: car title loans and traditional car loans. Car title loans are short-term loans that can be potentially costly for the borrower. In this type of lending agreement, a title loan lender gives a borrower cash in exchange for the physical title of the borrower’s vehicle.

 

The more familiar traditional auto loan is also available through direct lenders. However, qualifying for reasonable loan rates with a bad credit score or credit history may be difficult. As a result, used car dealerships may offer in-house financing options to assist customers with bad credit in getting into a vehicle within their budget.

Bad Credit Home Loans

Acquiring a home in Arizona with bad credit may be challenging. For a standard home loan from a conventional lender, the minimum credit score needed to apply is typically 620, with no recent bankruptcies, foreclosures, judgments, or collections. Potential borrowers with a credit score of at least 580 may qualify through the FHA. For those who have served or are serving (or have another qualified status), a VA loan may be an option.

What Products or Services Can a Bad Credit Loan Get You?

Potential borrowers in Arizona might use bad credit loans in many different ways to help get themselves back on their feet financially. Generally speaking, almost any product or service one might need may be able to be financed through a bad credit loan.

You might be wondering: Is a lease the same as a loan?

Leases & loans are quite different – here’s what you need to know:

  • A loan (or personal loan) is generally a lump sum of funds provided on the recipient’s behalf that is paid back over time (and, like most loans, includes interest.)
  • A lease (or lease-to-own option) allows the recipient to possess the leased item for a pre-determined period of time and includes the option to purchase the item outright. It does not include interest but has leasing fees.

Uses for Bad Credit Loans in AZ

In Arizona, bad credit loans may help a consumer bridge a gap in funds to access necessary goods quickly. Broken appliances, car accidents, and necessary home repairs can happen at any time, especially at the most inconvenient of timing. Despite the bad timing, some things must get fixed as soon as possible.

Products financed through bad credit loans include refrigerators/appliances, air conditioners, mattresses, jewelry, and electronics. Here are some ideas for products that a bad credit loan may be able to provide access to:

Product or Service Average Price** Link
Furniture $400 – $10,000 Find a Store*
Mattresses $250 – $3,000 Find a Store*
TVs $300 – $3,500 Find a Store*
Refrigerators $1,000 – $2,500 Find a Store*
Washers and Dryers $300 – $2,000 Find a Store*

 

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.

 

**Retail prices may vary based on extras and the type of product you purchase. For example, a TV can have a retail price as low as $300, however, some models may have a retail price upwards of $3,500 or more.

Arizona Bad Credit Loans in Summary

Even though state and local laws exist to protect borrowers, some loan types that exist may or may not be ideal for your financial situation. In Arizona, the good news is there are lending options* available to help secure financing for the products or services borrowers may need. Remember to make sure to research the loan type that may be best for you and your financial needs.

Arizona Bad Credit Loans FAQs

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What Kinds of Loans for Bad Credit Can You Get in Arizona?
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What Is Considered “Bad Credit”?
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Where’s the Best Place to Get a Bad Credit Loan?
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How Can I Apply for a Bad Credit Loan?
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How Much Money Can I Borrow with a Bad Credit Loan?

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.

© 2025 American First Finance. All Rights Reserved.

1 Application Terms: Your application, including the amount, cost, and approval, is subject to review and is not guaranteed. Applications are reviewed based on data you provide and one or more of the following: identity verification, bank verification, information from a third-party, a credit reporting agency, and/or prior experience through American First Finance (AFF).

Bank Loan: A consumer installment loan is originated by FinWise Bank, a Utah-chartered bank, Member FDIC and sub-serviced by AFF. The loan may be funded by the bank to the merchant for you to purchase item(s) and/or service(s). In some cases, the loan for returning customers is funded directly to your checking account for personal, family or household use.

Retail Installment Sale Agreement: A retail installment agreement is not a loan. You may enter into a Retail Installment Sale Agreement with a merchant to purchase item(s) and/or service(s). AFF may purchase the Agreement from the Merchant. An example of a retail installment transaction based on a 12-month term with 26 biweekly payments: if you make a purchase of $1,000 and make a $50 down payment with an Annual Percentage Rate (APR) of 169.53%, you will have 25 bi-weekly payments of $74.79 and 1 bi-weekly payment of $75.06. The total amount repayable will be $1,944.81 with full, timely payments over 12 months.

Lease: A lease is not a loan or credit transaction. It has several names: lease, lease-to-own, rent-to-own, or rental-purchase. With a lease, you select the item(s) and AFF purchases the item(s) from a Merchant. You take the item(s) home. AFF retains ownership until you pay for the item(s) plus rental fees. Other fees may be included, such as late, non-sufficient funds, delivery, and optional Liability Damage Waiver fees. As a result, the total amount you pay for leasing an item may be more than double the retail cost. You can cancel your lease at any time without penalty by contacting AFF. An example of a 12-month lease with weekly payments: if you lease a $1,000 item and pay a $50 (plus tax) processing fee, you will have 52 additional weekly rental payments of $46.11 to complete your lease. Your total lease payments will be $2,452.21 with full, timely payments over 12 months.

2 You will save money on interest, finance charges, or leasing fees when you pay the discounted amount during the Early Payoff Discount (EPD) period or by exercising the Early Buyout Option (EBO). You must make payments larger than your regularly scheduled payments by the EPD/EBO expiration date. You will make additional payments through the customer portal or by contacting the customer service team.

3 Decisioning may take additional time and not be same day. Additional information may be required.

4 This loyalty program is offered by FinWise Bank. The program provides loyal customers the opportunity to qualify for a lower rate. A rate reduction is valid on new loans only and cannot be applied to existing loans. The rate reduction is only applicable to customers with a prior loan open for at least 150 days, with all payments posted and cleared on time for the life of the loan, and the loan has been paid in full. Maximum of two (2) rate reductions per customer. Loans are originated by FinWise Bank, a Utah-chartered bank, Member FDIC. Terms and conditions subject to change at any time without prior disclosure or notice.

5 Approval is possible without a credit score, but credit may be checked.

6 Testimonials reflect the real-life experiences of customers who used our products and/or services. Individual results may vary.

To report a problem or complaint with this lender, you may write info@americanfirstfinance.com or call customer service at (855) 721-1188.

American First Finance, LLC – NMLS ID 1757007

© 2025 American First Finance. All Rights Reserved.