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Bad Credit Payday Loans

Information verified correct on January 21st, 2017

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 payday 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 upon 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 payday loans you can apply for with bad credit

    Here are some loan providers that you could apply to. Note that the max loan amount is based on the provider’s max amount. The amount will vary based on your state of residence.

    A selection of loans you can apply for

    Here are some loan providers that you can apply to. Note that the max loan amount is based on the lender’s max amount. The amount will vary based on your state of residence.

    Rates last updated January 21st, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    Interest Rate (p.a.) Maximum Loan Amount Term of Loan Turnaround Time
    LendUp Payday Loans
    Money on your terms! Apply for a loan today.
    From (variable) 250 7 - 30 days 1 business day Go to site More
    Check into Cash Payday Loan
    Whether you’re facing seasonal expenses like holiday bills and back to school costs or you need help with unexpected bills, or repairs, Check Into Cash can help.
    From 260.71% (variable) 1000 Varies upon state 1-2 business days Go to site More
    Check City Payday Loan
    Get a Fast, Secure, and Confidential Payday Loan.
    From 17.5% (variable) Depends on state of residency Varies upon state Next day Go to site More
    CashNetUSA Loan
    CashNetUSA gives you the ability to apply for a Payday Loan, an Installment Loan, or a Line of Credit.
    From 299% (variable) 2250 Varies upon state 1 business day Go to site More
    ACE Cash Express Payday Loans
    Money when you need it most.
    From (variable) Varies by state Varies by state Generally receive the money the next business day Go to site More
    SWIFT Payday Loan
    Making it easy to get cash in a pinch.
    From (variable) 1000 Varies by lender Next business day Go to site More

    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 January 21st, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    Interest Rate (p.a.) Maximum Loan Amount Term of Loan Turnaround Time
    From 5.99% (variable) 5000 Varies based on lender Varies based on lender Go to site More
    CashAdvance.com Payday Loans
    Whether it's an emergency situation or an unexpected expense, that's where Cash Advance® comes in.
    From 200% (variable) 1000 Up to 12 months 1-2 days Go to site More
    TriangleCash Payday Loans
    If you have bad credit or no credit history, a TriangleCash payday loan could be a helpful solution to get you funding.
    From (variable) 1000 Varies based on lender Instant approval Go to site More
    TrustedPayDay.com Payday Loan
    Get a short-term loan of up to $1,000 that you can repay on your next payday.
    From (variable) 1000 2-60 months As soon as tomorrow Go to site More
    Accredited Debt Relief
    Accredited Debt Relief can help you lower your monthly payments and interest rates or get out from serious debt. They offer free consultations at 1-877-569-5675.
    From 0% (variable) Varies based on lender On average a settlement lasts 2-4 years. Varies based on lender Go to site More
    LendYou Payday Loans
    The loans you need, when you need them.
    From 6.63% (variable) 1000 Varies 1 business day Go to site More

    “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.

    What are the benefits of a bad credit payday 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

    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 payday 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 payday loans except they are repaid in installments over a longer term. These loans could be an option for you if payday 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 payday loan

    The first step is comparing your payday 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/or 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 payday 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.

    Questions you might still have about bad credit payday loans

    Do lenders still check my credit file?

    Some lenders will still check your credit file when applying for a bad credit payday 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.

    How long will the loan take to be approved?

    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.

    When will I receive the funds?

    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.

    Can the loan be approved on a weekend?

    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.
    Images: Shutterstock

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