Urban Bad Credit Loans Review

Urban Bad Credit Loans Review

Urban BCL promises to connect consumers with bad credit to lenders offering loans up to $5,000, but are they legit?

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New users only

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What is Urban Bad Credit Loans?

Bad credit loans (also referred to as Urban BCL) is an online lending platform that matches borrowers with bad credit with lenders.

They are not a direct lender and instead, allow those looking for a loan up to $5,000 to apply through their application and be connected with a lender in their network as long as you are eligible.

The company offers unsecured loans from $100 to $5,000 for people with poor or bad credit.

They don’t disclose the interest rates on the loans but based on the credit scores they accept, the APRs are likely to be above 20%.

  • Unsecured loans from $200 – $5000
  • Accepts people with bad credit
  • Fast approval
  • Network of lenders that increases your chance of approval
  • Loan APRs are not disclosed
  • Some lenders may charge additional fees on top of the interest rate
  • Interest rates aren’t clear until you’re offered a loan
  • Not available in all states

Why trust CreditPug? We are an independent editorial team with a mission to educate Americans on the importance of good personal finance. We are not compensated by the company in this review.  

Table of Contents

    Who is Urban BCL is best for:

    • People who have bad or poor credit (500-620 credit score)
    • Looking for an unsecured loan up to $5,000
    • In an emergency and need a loan fast
    • Have been denied a loan from a bank

    Urban Bad Credit loan features

    • Specializes in helping people with bad credit get loans. They focus on matching applicants with bad credit to lenders who will approve them. You can still apply if you have good or excellent credit, however, the lenders will likely charge a higher APR than what you could be approved for elsewhere. You will be matched with the appropriate lenders based on the information you provide. The loan amount, APR, and repayment terms may vary.
    • Fast approval. Pre-qualification can happen in 5 minutes. If you accept a loan, you can have the cash deposited in your account in as fast as 24 hours, depending on the lender.
    • One application, multiple loan offers. Their loan application can be completed in a couple of minutes if you have all your information handy which can be faster than applying to multiple lenders one-by-one.

    Why you’ll want to apply elsewhere:

    • We aren’t sure they’re legit. Being a young company with not many reviews, we aren’t sure if it’d be best to apply for a bad credit loan with Urban BCL or a site like badcreditloans.com.
    • Prone to spam with calls and texts from various lenders: Giving out your contact information to a loan aggregator may result in unwanted calls from lenders and other service providers like debt consolidation and debt relief companies.

    How to get approved for a loan from Urban BCL

    Urban BCL requirements

    Here are the requirements you’ll need to have the best chance of getting matched with a lender:

    • Age: Must be legal age.
    • Citizenship: U.S. citizen or permanent resident.
    • Employment: Be employed and have a steady income. They don’t state the minimum income on their site.
    • Minimum credit score: They don’t state the minimum credit score needed to be approved.
    • Banking: Have an active checking account.

    Sites like Urban BCL

    Urban BCLCreditNinja MoneyMutual
    Est. APR
    Est. APR
    Est. APR
    Est. Loan Term
    18-60 months
    Est. Loan Term
    2-18 months
    Est. Loan Term
    2-60 months
    Loan amount
    Loan amount
    Loan amount
    Min. Credit Score
    Min. Credit Score
    Min. Credit Score
    Min. income
    $1,200 per month*
    Min. income
    $1,200 per month*
    Min. income
    $800 per month*
    * are Creditpug estimates

    Is Urban Bad Credit Loan legit?

    We’re unsure if they’re legit. They have active and terms and conditions, privacy policy and e-consent pages on their site which is a positive sign. On the other hand, there aren’t any reviews on Trustpilot, BBB, or Google that we can find and the company details aren’t easy to find.

    The only customer reviews we were able to find are on nicelocal where 10 customers gave Urban BCL an overall score of 4.7 stars.

    Here’s what customers on nicelocal are saying about Urban BCL

    How to apply for a loan with Urban Bad Credit Loan

    Here’s how to apply for a loan with Urban BCL

    1. Go to their website and click the “Get Started” button.
    2. Complete the application with your personal details. This will require your name, contact information, the full or last 4 digits of your SSN, details about your employer and potentially a reference.  
    3. After submitting your application, they’ll likely do a soft credit check to see what loans you’re pre-qualified for.
    4. Urban BCL will forward your information to their lending partners.
    5. It will take a few minutes to see your loan offers.
    6. Before you accept any offers be sure to read through the terms and conditions of the loan offer, repayment conditions and total cost of borrowing. 
    7. Once you have accepted the loan, your funds will be deposited into your account.

    Bottom line

    Urban BCL helps people with bad credit find loans up to $5,000 quickly through their network of lenders. Be cautious about unclear interest rates and possible unwanted calls.

    With potential interest rates up to 200%, always read and understand the cost of the loan before applying. Urban BCL could be helpful for urgent cash needs if you’re aware of potential costs.

    Loan amount

    Min. credit score
    No minimum

    Est. APR


    New users only

    Application simplicity
    User experience
    Customer Service
    3.3 Overall Rating

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    Urban Bad Credit Loans Review