Bad credit is a true loan killer that can put a terrible burden on you when you’re facing financial difficulties. Banks tend to turn down loan applications coming from people with bad credit standing in fear of them being unable to pay the money back. Life brings many financially challenging situations in the least expected moments. Where can you ask for financial aid when caught up by a pile of overdue bills? Who do you turn to to give you a helping hand when you need it most? With a slim chance of getting a loan from banks or credit unions and highly unlikely help from your family members, where can you possibly get money that you need so urgently today? Are there any legit lending companies rendering financial services to people who have bad credit history? The short answer to the last question is ‘ yes’.
There are many online direct lenders who can get you a fast loan – our network being one of them, regardless of your credit status. If you have never borrowed money online, you stand a pretty good chance of getting quick cash the same day. Online lenders assume that you have a horrible credit score with conventional lending institutions, so they don’t even bother checking your credit score. There is a different kind of check involved. Online cash lenders check their own data base regarding your previous online loans. If you have borrowed payday loans online previously, that leaves a permanent mark on your payday loan credit history. Any defaults on your previous faxless payday loans lower your credit score among online lenders. If you have more than two payday loans outstanding at the moment, you may not qualify for another one. Of course this greatly depends on the amount of your debt and your income. The more money you make, the more you can borrow. Even if you have two payday loans out but still your debt-to-income ratio is less than 40%, you may qualify for another loan to be approved. There are many factors involved in the approval process but your income is the key factor. In short, bad credit may not preclude you at all from getting a payday loan, provided that you haven’t got in trouble with payday online lenders.
People with bad credit can apply for a fast payday loan with our network using a short application form available on this website. You can file it in less than two minutes and just wait until our network gets back to you, which shouldn’t take longer than twenty-four hours. Most applications are approved instantly within a matter of hours and cash is deposited in borrower’s account the same day.
APR Disclosure Some states have laws limiting the Annual Percentage Rate (APR) that a lender can charge you. APRs for cash advance loans range from 200% and 1386%, and APRs for installment loans range from 6.63% to 225%. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.
Exclusions Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice.
Credit Implications The operator of this website does not make any credit decisions. Independent, participating lenders that you might be matched with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information. Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.
Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult the federal, state, and local governements to learn more about the risks involved with cash advances, local laws and regulations governing cash advances, possible loan alternatives and recent developments in their state. Consumers with credit difficulties should seek credit counseling. Residents of New York, Arizona, Georgia, Vermont, Virginia & West Virginia are not eligible to apply for a cash advance on this web site.