Loans for the Disabled with Bad Credit

If you're disabled and have bad credit, it can be hard to find a loan. But it's not impossible!

St. Joseph's Place put together this blog post to help you learn about the options for people with disabilities who have bad credit.

What is a loan for the disabled with bad credit?

A loan for the disabled with bad credit is a type of loan that's offered to people who have disabilities and low credit scores. The loans are designed to help people with disabilities access money so they can pay their bills, handle unexpected expenses, or even start their businesses!

Why do people with disabilities need these loans?

People with disabilities may be unable to work because they've been injured or because their health prevents them from holding a steady job. Because of this, they may not be able to get approved for traditional loans because they don't make enough money or have enough savings to cover the costs of borrowing money regularly. However, if you're disabled and need cash flow quickly (and don't have much in savings), getting approved for one of these specialized loans could be just what you need!


If you have a disability and bad credit, getting a loan can be challenging. Many lenders will turn you down or offer very high-interest rates. Thankfully, some options exist for loans for the disabled with lousy credit.

First, let's talk about what makes up your credit score. Your credit score is based on three factors: payment history, debt load, and length of credit history. Payment history is how often you've made payments on time, the debt load is how much debt you currently have, and the length of credit history is how long you've been using credit. All three of these factors are weighted differently in different scoring models, but all three are important when determining how well someone will repay a loan.


One thing that affects your score is whether or not the lender has information about your income or assets. If they don't have this information, they won't be able to assess whether or not they think you'll make good on loan. So if you're looking for a loan for the disabled with bad credit, one option would be to pay back some other loans first so that lenders know that you can afford monthly payments before applying again.