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We Offer Online Payday Loans for Bad Credit
An online payday loan is an easy short term borrowing solution that provides you with emergency cash to cover unexpected expenses. To become eligible, you do not have to go through a lengthy traditional credit check process. Payday lenders base their decision on whether you have a reliable source of income to make the payment on the due date. Loan approval takes only a few minutes, and it’s much easier compared to a traditional personal or installment loan.
Payday Loans up to $1,000
Financial emergencies happen without warning. If you lose your job or are dealing with a medical bill or a sudden car repair, you often need fast cash when you expect it the least. A payday loan, also called a cash advance, is a short term financial instrument that helps you cover unforeseen expenses. The loan amount ranges from $50 to $1,000, depending on your needs. The repayment period is usually in two to four weeks when you receive your next paycheck.
Do I Qualify for a Payday Loan with Bad Credit?
Our online loans have minimum eligibility criteria. Best of all, you can get approved for a loan with a bad credit score. This is because payday lending companies don’t judge you based on conventional credit scores such as FICO. To become eligible for an online loan, you need to meet the following basic requirements.
- Be at least 18 years old
- Be a US citizen or a permanent resident
- Provide proof of regular income
- Have a valid checking or savings account
- Provide a valid email address and phone number
- Be a resident of one of eligible for payday loans states
A payday loan, also known as cash advance, is designed for the borrower with a poor credit score who have a hard time becoming qualified for other online loans, like installment or personal loans. Although these loans have simple eligibility criteria, not every customer becomes qualified.
Payday loans are a high APR option for when a customer needs emergency money to cover an unexpected expense. Lenders charge $10 to $25 per $100 borrowed. However, given their short repayment period, they are very affordable.
Having a low credit score or high credit card debt makes getting a personal loan or an installment loan difficult. However, you may apply for a personal or installment loans with us even with poor credit. Our service also helps you find guaranteed direct lenders who offer payday loans with competitive fees.
When the borrower signs their contract, they give the lender permission to automatically deduct the money from their account as soon as they receive their paycheck. If the customer decides to make an early payment, the lender may charge an extra early payoff fee, although it is rather an exception, that a rule. Check your contract to see the specific details of your deal.
If customers are having trouble making payments toward their debt, it’s better to discuss the situation with the lender. Most lenders are willing to extend or rollover the lending period if requested. However, depending on the agreement’s details, customers may need to pay extra service fees or higher rates for their loans.