Bad Credit Personal Loans in Florida

If you live in Florida and you’re thinking about getting a personal loan, and you happen to have bad credit, there may be some things you’ll want to know. In this article, you’ll learn:

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

 

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

 

**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.

Bad Credit Personal Loan Options in Florida

Different states in the U.S. have varying laws and regulations regarding loan products. The Consumer Financial Protection Bureau (CFPB) enforces federal consumer financial laws. The goal of the CFPB is to make sure that all consumers have access to fair and transparent financial products and services.

 

Florida is one of several states that has specific laws regarding loans. Bad credit personal loans can be used to finance a consumer’s personal expenses, such as home repairs, unexpected costs like replacing a refrigerator, or medical bills. Some of the types of loan products available in Florida include:

  • Bad Credit Personal Loans in Florida
  • Bad Credit Auto Loans in Florida
  • Bad Credit Home Loans in Florida
  • Bad Credit Payday Loans in Florida

Understanding Florida Loan Types for Bad Credit

Florida currently can be seen as one of the friendlier states regarding lending laws, as their laws around loan products are not as stringent as some other states. This opens up options for those seeking a loan, but rates and details vary by lender, so learning more about the loan you may be considering might be helpful.

Bad Credit Personal Loans

Life happens, and expenses can pop up when you least expect them. Like your car breaking down at an inopportune moment, a washer all the sudden going out or experiencing a natural disaster, to name a few of life’s speedbumps. These events may be costly and might put a strain on your finances. Also, it may be challenging to find a lender who will approve you for a personal loan especially if you have less-than-perfect or bad credit.

 

Some bad credit personal loan products may be unsecured installment loans, meaning they do not require collateral. You may be able to use these loans to finance your personal expenses, such as home repairs or medical bills. An alternative lender may offer a wide range of loan products that may be able to if approved,* provide access to what you need and want.

Bad Credit Auto Loans

If you need to finance a new or used car but have bad credit, you may want to consider a bad credit auto loan. Bad credit auto loans are a financial product to help consumers with a low credit score be able to apply to get into a new set of wheels. As with all lenders, terms may vary so it may be helpful to read the conditions before signing up for a bad credit auto loan.

Bad Credit Home Loans

A bad credit mortgage loan is designed for borrowers with fair to poor credit as a pathway to homeownership. These loans may be a path or option for consumers who have been denied by traditional lenders due to their imperfect credit history to consider. Keep in mind terms vary, so it might be helpful to research bad credit home loans before signing paperwork.

Bad Credit Payday Loans

If you need cash but have bad credit, you may want to consider a payday loan or a cash advance. These tend to be short-term, small-dollar loans that are typically meant to be repaid by your next payday. Payday loans are legal in Florida, but they have strict laws:

  • Payday loan amounts can’t exceed $500—no exceptions.
  • You can only take one payday loan at a time.
  • Payday loans in Florida are tracked through a central database, and you may have to wait for 24 hours to apply for another loan after paying the first one.
  • The loan terms of payday loans are between 7-31 days, and rollovers are prohibited. Rolling over your payday loan may lead to additional fees, interest, and late payments. The repayment term is set when you take out the loan. If you cannot repay during this period, you can extend the loan term, but you may have to pay late fees.
  • Florida law limits the access fees a lender can charge. The maximum fees are 10% of the loan amount for every $100, a verification fee of up to $5, and 304% APR (annual percentage rate).

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

A bad credit loan may be used for a variety of goods and services. For example, if your refrigerator breaks down, this may cause a problem, but paying for it all upfront might cause a bigger problem for your budget. This is where bad credit loans may be helpful. You may be able to secure that refrigerator or other items you may need with access to a bad credit loan, if approved.*

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 Florida

A bad credit loan may help you cover the cost of a variety of needs. Here is a look at some of the common uses for bad credit loans in Florida:

 

Product 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.

Florida Bad Credit Loans in Summary

Bad credit personal loans may be a source of funding when you need it most, especially if you have a less-than-perfect credit score, or no credit history.

 

If you have imperfect credit, you may have alternative payment options* with a personal loan. In fact, many online alternative lenders may offer competitive rates and repayment terms.

 

Find a store near you* to apply today.

 

**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.

Florida Bad Credit Loans FAQs

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What Kinds of Loans for Bad Credit Can You Get in Florida?
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What’s Considered “Bad Credit”?
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Where’s the Best Place to Get a Bad Credit Loan?
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What’s the Maximum Amount I Can Borrow with a Personal Loan with Bad Credit in Florida?
© 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.