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Bad credit short term loans

Do you have bad credit but still need a loan? There are options available to you.

If you have a low credit score, trying to find a loan can be difficult. Minimum credit score requirements can put conventional loans from banks out of your reach, but there are bad credit short term loans you can apply for. Find out about your options in our guide below.

Check into Cash Payday Loan

Check into Cash Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Min. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No security needed
  • Confidential and secure!

    A selection of loans you can apply for with bad credit

    Here are some loan providers that you can apply to. Note that the max loan amount is based on the lender’s max amount and your state of residence. Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

    Rates last updated August 24th, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    $250
    7–30 days
    Generally receive the money the next business day
    CashNetUSA Loan
    Apply for short term loans, installment loans or lines of credit in 30 states typically with a day’s turnaround.
    Varies by state
    Varies by state
    1 business day
    ACE Cash Express Payday Loans
    Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Check City Payday Loan
    Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
    Depends on state of residency
    Varies by state
    Next day
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    $1,000
    Varies by state
    1–2 business days

    Compare up to 4 providers

    A selection of lender matching services you can apply with

    These lender matching services are not lenders, loan brokers or agents for any lender or loan broker. They also do not make credit decisions. They focus on trying to match you with a lender that might be able to provide you the funds you seek. Note that the max loan amount is based on the matching services max amount, but it will vary based on your state of residence. If you proceed with one of these services, confirm that the lender is reputable by checking with your local government.

    Rates last updated August 24th, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
    Bad Credit Loans Personal Loans
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    3 to 60 months
    Varies based on lender
    Slam Dunk Loans
    Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.
    $2,500
    Varies by lender
    As soon as next business day
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be matched with a network of lenders for funding at rates that vary by state.
    $1,000
    Varies based on lender
    As soon as next business day
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,000
    Varies by lender
    Next business day
    iCashLoans.com Short Term Loans
    $1,000
    Varies by lender
    Varies by lender
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this broker may be able to match you among its nationwide network of lenders.
    $1,000
    Up to 12 months
    1–2 days

    Compare up to 4 providers

    I have bad credit. How can I get a loan?

    You can still apply for loans when you have bad credit. Here are some things to keep in mind when finding a loan:

    • Compare your options. There are a few options available so it’s important to compare them to find the one that best fits your needs. Look at loan amount, features, the annual percentage rate (APR) and how quickly the loan is paid out to make sure the loan meets your needs.
    • Review the eligibility criteria. While these lenders accept applications if you have bad credit history, they still have criteria that will need to be met. Check the minimum age, income and residency requirements as well as the loan amount and terms that are on offer.
    • Only apply for how much you need and can afford. Lenders can’t offer you more of a loan than they think you can afford, but you should still work out what repayments you can manage and see the terms that are being offered. Then, apply for a loan that will work for you.
    • Budget to cover your repayments. When you are approved for a loan your repayments will generally start on your next payday, so make sure you have budgeted to cover the added expense.

    You can receive cash loans even if you have bad credit

    What are the benefits of a bad credit short term loan?

    There are a few advantages of taking one of these loans out, including:

    • You could get an easy online application.
      You can compare lenders online and submit your application within minutes. There’s no need to visit a physical branch or fax copies of your paycheck.
    • There will be a quick turnaround time on your loan.
      You can usually have your approved loan in your account on the same day you apply. Sometimes, depending on the lender you could get your cash within the same hour.
    • The loan term is generally short term.
      Loan terms usually extend until your next payday, limiting the amount you pay in monthly fees and meaning you are in debt for less time. Just make sure you budget so you can repay the loan comfortably within the terms. You might not get being trapped into credit contract for longer than you need.

    Amanda's emergency car repair

    woman car breakdownIt was nearing the middle of the month when Amanda’s car broke down on her way to work. She had to take the morning off to take it the mechanic where she found out how much the repairs would cost – $250. As a shift worker, she had already missed out on that morning’s pay and her paycheck wasn’t due to come until the following week.

    She needed the car repaired to get to work, but with her low credit score she wasn’t going to be eligible for a personal loan. She had a look at how much a $250 bad credit short term loan would cost her and when she would need to repay it. After considering her budget, she worked out she could afford it and applied for the loan.

    What other options do I have for a loan?

    Depending on what you need the loan for and how much you want to borrow, there are the following loan options available:

    • Auto title loan. If you have a car you could use its title to get an auto title loan. The loan is secured against the title, so you can get a lower rate while still being able to drive your vehicle as you repay the loan.
    • Installment loan. These loans are similar to short term loans except they are repaid in installments over a longer term. These loans could be an option for you if short term loans are banned in your state.
    • Secured loan. If you have an asset to use as security, such as a car or a property, you can consider a secured loan. These are less of a risk to lenders because they can use the asset to reclaim losses from the loan if you fail to repay.

    How to apply for a bad credit short term loan

    The first step is comparing your short term options on finder.com. To make sure you’re eligible for the loan you can take a look at the review pages and see the minimum eligibility criteria.

    You’ll usually need to be over a certain age, earn a minimum amount per week or month and be able to prove that income and you may also need to meet employment and residency criteria.

    You’ll then need to have some or all of the following on hand to complete your application:

    • Documents to confirm your identity, such as your Social Security number, ITIN or Alien Registration number
    • Your contact details
    • Proof of your income
    • Your checking account number
    • Your bank’s routing number

    Bad credit short term loans are an option to consider when your credit history is less than perfect. As there are a few options available, compare your options before you submit your application.
    Installment Loans for Bad Credit

    Questions you might still have about bad credit short term loans

    Some lenders will still check your credit file when applying for a bad credit short term loan. However, other lenders will just need to see evidence of your income and your financial situation. You can confirm this before you submit your application.

    Generally, you will find out if you’re approved a few moments after submitting your application. This is for both online and in-store applications.

    If you apply for a loan in-store you can usually receive your approved funds within the hour. If you submit your application online you can expect your funds to be transferred into your checking account on the same or next banking day, depending on when you submitted your application.

    Online and in-store lenders can both approve loans on weekends. However, you can only receive approved funds from a lender in-store due to being outside of banking transfer times.

    Are payday loans available in my state?

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    14 Responses

    1. Default Gravatar
      AliciaAugust 17, 2017

      How can I get a loan with bad credit and no bank account. I get SSI monthly on a debit card direct deposit.

      • Staff
        ArnoldAugust 18, 2017Staff

        Hi Alicia,

        Thanks for your inquiry.

        No bank account? No problem. Get a loan without a checking or savings account. Please check out this page.

        Hope this information helped.

        Cheers,
        Arnold

    2. Default Gravatar
      PatriciaJuly 24, 2017

      I don’t have a bank account, but I have a prepaid debit card all I need is $100.I do recieve SSI each month, I have direct express. Can I please get help with a loan

      • Staff
        HaroldJuly 24, 2017Staff

        Hi Patricia,

        Thank you for your inquiry.

        You may want to consider a prepaid debit card payday loans. You can loan from a minimum amount of $50, but please keep in mind that the max loan amount may vary depending on the lender. You can review and compare your options here.

        I hope this information has helped.

        Cheers,
        Harold

    3. Default Gravatar
      SueJuly 10, 2017

      Is it possible to get a loan after bankruptcy without waiting 2 yrs

      • Staff
        HaroldJuly 10, 2017Staff

        Hi Sue,

        Thank you for your inquiry.

        During your bankruptcy or after you’re discharged, you may find yourself in need of a loan. But are there lenders who’ll be willing to consider you for a second chance. You may want to consider the options available here.

        I hope this information has helped.

        Cheers,
        Harold

    4. Default Gravatar
      MarthaJuly 8, 2017

      I have a job..my money is on a card from my job..I DO NOT HAVE MT OWN PERSONAL Account with this company except a prepaid card separately from this job..but I would prefer for the money to come from my jobs Debit card account set up from me to guarantee that the pay day loan is paid weekly from my job…can I get a loan with this information? Please help me to stop putting in all my personal information to these loan companies please.

      • Staff
        AnndyJuly 8, 2017Staff

        Hi Martha,

        Thanks for your question.

        The lenders on this page may consider you for a loan even if you don’t have a personal bank account.

        Before submitting your application, kindly review the eligibility criteria of the loan and check with the lender if the particular prepaid card you have meets their criteria.

        Cheers,
        Anndy

    5. Default Gravatar
      SandraJune 12, 2017

      I need a loan without a checking account I have a prepaid card.

      • Staff
        HaroldJune 15, 2017Staff

        Hi Sandra,

        Thank you for your inquiry.

        Most lenders require that you have a checking account, as this makes it easy to check your credentials. However, you can find some lenders that offer cash loans to customers without bank accounts. You can check the list of offers here.

        I hope this information has helped.

        Cheers,
        Harold

    6. Default Gravatar
      JerryApril 30, 2017

      I have a tax garnishment on my pay check with approximately $900 left to pay.how can I get a small emergancy payday loan on a New Visa gold card or new netspead Master card Debit card with no checking account

      • Staff
        HaroldJuly 5, 2017Staff

        Hi Jerry,

        Thank you for your inquiry.

        Here’s how you can get an emergency loan.

        I hope this information has helped.

        Cheers,
        Harold

    7. Default Gravatar
      TerryApril 24, 2017

      Where do I get a loan with no bank account or with a prepaid card from Rush?

      • Staff
        HaroldJuly 6, 2017Staff

        Hi Terry,

        Thank you for your inquiry.

        Here’s an option where you can check the list of lenders that allow’s borrower even without a bank account.

        I hope this information has helped.

        Cheers,
        Harold

    US Payday Loans Offers

    Learn about our information service
    Slam Dunk Loans

    Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Get a better installment loan repayment terms up to 36 months, depending on your state.

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