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More common than in Calgary. Three in ten people applying from Edmonton on our platform have a credit score under 560, against one in four in Calgary. About a quarter more have no score on file.
| Credit score | Share of Edmonton applications |
|---|---|
| Under 560 | 30.1% |
| 560 to 659 | 40.1% |
| No score on file | 26.0% |
Smarter Loans platform, 2,394 personal loan applications from Edmonton, 1 January to 30 June 2026. The 660 and up group is too small to report.
Bills, more than anything else. People under 560 in Edmonton ask for about $1,400 on average. About a third are catching up on bills. One in six is paying a medical cost, averaging about $510.
For a medical bill, borrow the bill. A small loan is cheaper to clear and easier to repay on time, and on-time payments are what lift a score.
From one lender. About three in ten Edmonton applicants live on benefits, but only one of the nine lenders below accepts disability or pension income. The others want income from work. Choose your real income type on the application, because that choice decides which lenders see it.
Nine lenders in our network, the same nine on the bad credit loans in Alberta page. Three set no minimum score, six pay out within 24 hours, and income minimums run from $1,000 to $2,000 a month. They judge you on three months of bank statements more than on your score. Our application reaches all nine at once.
Rates for a poor score often sit above 32%. Alberta's high-cost credit regulation covers anything at that level. A lender charging it must hold an Alberta high-cost credit licence and give you the total cost in dollars before you sign.
The city's four payday lenders are on the payday loans in Edmonton page. Every lender we work with that lends below 560 is on the bad credit loans in Canada page.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans, 3 October 2026. Lender terms checked August 2026. Platform figures cover applications from 1 January to 30 June 2026.
Three in ten Edmonton applicants have a score under 560, and about a quarter have no score at all. Figures are from Smarter Loans applications, January to June 2026.
They ask for about $1,400 on average. About a third are catching up on bills, and one in six is paying a medical cost. Figures are from Smarter Loans applications, January to June 2026.
Yes, with one of the nine lenders, which accepts disability or pension income. The other eight ask for income from work.
Nine lenders in our network do, the same nine that serve all of Alberta. Three of them set no minimum score.
Credit at 32% or more is high-cost credit in Alberta. The lender needs a provincial licence and must show you the total cost in dollars before you sign.
