Quick Payday Loans and Personal Installment Loans Online

Do you need to pay unexpected bills, or repair a car or a house, or you have a special event, holiday - any of your personal needs can be paid for with the help of a Payday Cash Advance or Personal Installment Loan. You may apply for both online and get the funds the next business day. Let's find out what their amounts, terms and rates are and get some useful advice how to receive instant approval even if your credit score is far from perfect.

Payday Loan definition, amounts and terms.

CFPB defines a Payday Loan as a “short-term, high cost loan, generally for $500 or less, that is typically due on your next payday”. You can get cash advance up to $1,000 for 14-30 days. The amounts may vary depending on the state's rules, lender's conditions and your creditworthiness. The repayment is automatic by withdrawal of the money from your bank account as soon as you get the next paycheck which is very convenient. Besides Online Payday Loans have a lot of other advantages:

they are quick and easy
they are available 24/7 online
they suit even bad credit applicants
sometimes you can avoid credit check
you have all the rights to spend the funds on any personal needs you have.

Payday Loans for Bad Credit.

Credit score is an essential part of any financial deals as it shows how you manage your finances, how you repay the debts and how risky you are as a borrower. But not all people may boast of an excellent score. That's why their applications for loans are likely to be refused by banks and credit unions, or other traditional institutions. We offer a good way out - apply for a Payday Loan online. Among the variety of direct lenders and brokers you'll definitely be able to find those who'll approve you even with a bad credit. The APR may be a bit higher for the reason they need to make up for the risk they take. But as it's a short-term cash advance, the overpay won't ruin your budget.

The cost of cash advance. How to choose the best Payday Loan.

The total cost of an unsecured Payday Loan mostly depends on the APR (Annual Percentage Rate). It is a percentage representation of the actual yearly cost of funds over the term of a loan. The average APR for Payday loans in the US is 400%. What does that mean? If you borrow money for a year, you’ll have to pay 400% extra. But the repayment term for Payday Loans doesn’t exceed one month. So, you’d probably be better off finding out what the MPR (monthly percentage rate) is. For that, we just divide the APR by 12 months. For example, if the APR is 400%, the MPR will be 33%. It means the overpay for $100 borrowed for a month will cost yo only $1 a day. Not much, isn't it? Apply for the necessary amount right now and solve all your problems for the cost of a cup of tea.

Here's a few things you could do with the money:

Pay Credit Card Bills
Fix your car
Book a flight or train ticket
Pay next month's rent
Every bill sitting on your desk
School Tuition
Doctor + Dentist appointments
Gas, new tires, and insurance
Costco Membership + purchases
Debt Consolidation
Anything that may come up

Requirements to qualify for a loan:

What do I need to qualify for a short-term cash advance?

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

US residence
Minimum regular income of $1,000 per month
Valid checking or savings account with direct deposit
Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
If applying Online, you must provide a valid Social Security Number
If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

References:

The Bureau of Consumer Financial Protection

Installment Loans for Bad Credit

Government Benefits, Grants, and Loans

Cash Loan Types

Same Day Payday Loans

Money that can be in your account today? Find out about same day payday loans.

It is not uncommon for people to need money in a hurry, but not everyone knows that getting money in a rush can be simple and easy. There are a number of direct payday lenders across the United States and many of these provide same day payday loans or instant payday loans. Also referred to as fast payday loans, this type of financing gives you quick access to your approved loan and you can then use the money for whatever you need it for. You can apply for one of these loans even if you have poor credit history. As the name implies, you have to repay such a loan on your next payday.

Bad Credit Payday 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 payday loans you can apply for. Find out about your options in our guide below.

“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.

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.

Online Cash Advances

Enjoy the convenience of applying for your cash advance online.

The Internet continues to change the way people do business, and just like you can look for just about any product or service online, you can even find a suitable cash advance there. Typical cash advance online loans require that you submit a simple online application, and if the lender approves your application you can receive the money in your bank account or via a check on the same or following business day.

You can apply for a cash advance even if you have poor credit history, which is a definite plus, but remember that you will still have to meet eligibility criteria as set by the lender.

How does taking out a cash advance work online?

Applying for a cash advance online requires that you choose a lender, which you can do on finder.com, and then submit your application. This process should take no more than a few minutes provided you have all the required information close at hand. Most providers inform you of the application’s status within a few minutes.

If you’re looking for a same-day cash advance online, know that you have limited options, because some lenders accept online applications and then allow you to collect approved funds in-store on that same day. Typically, cash advance online loans give you access to money the following business day when the money is transferred into your bank account.

What cash advance options are available?

If you’re looking to apply for a cash advance, any of the following products might be an option to consider:

Cash advance loans. These loans are payday loans and can be applied for in-store or online. While the APR and fees will vary from state-to-state, keep in mind that they are generally quite high. Think carefully about whether you can afford your payday cash advance loan before you apply for it.

Credit card cash advance. If you have an existing credit card you can use it to get a cash advance. Remember that the cash advance fee, which can be either a flat fee or a percentage of the amount you withdraw from your card, can be quite high.

What features are on offer when I get cash online?

One way to get a cash advance that works for you is to go through cash advance online reviews. Comparing ones you shortlist is a good idea, and here are features that can help you narrow down your options:

A simple online process.

A good cash advance provider should provide a user-friendly cash advance online application system, and such an application should take around five to 10 minutes to complete. Many lenders accept digital signatures on their loan contracts, further simplifying the process. Upon approval, you can look forward to the money being transferred into your bank account.

Your choice of various store locations.

If you’re looking for a same-day cash advance online this aspect can help, because you can expect same day access to funds by visiting a store. Certain cash advance lenders have extensive store networks across the US, but you should also account for the proximity of a store from your home or office when you apply.

State-specified fees.

While state laws and the amount you borrow affect the fees you end up paying, lenders can charge loan fees differently, so make sure you don’t ignore this aspect.

Lenders that accept bad credit.

While getting a conventional loan with bad credit history is not easy, you can consider applying for a cash advance online with bad credit as most lenders have slightly relaxed lending criteria.

Benefits and drawbacks of getting a cash advance online

What are the benefits?

Apply from anywhere.

You can apply for a cash advance online from just about anywhere, provided you have an internet enabled PC, laptop, or smartphone. State laws will apply in accordance with the residential address and other details you provide.

Quick access to money.

Depending on the lender you apply with and the time you apply, you could see the approved loan amount in your account in a matter of hours.

Use the funds for any purpose.

Providers of online cash advances give you the freedom to do what you want with the approved funds, which you can use to repair a vehicle, pay bills, or put towards a seemingly worthy investment.

What are the drawbacks?

High fees.

Fees charged by cash advance providers are high, especially compared to standard loan products. It’s best to only use these for short-term financial solutions or when no other options are available.

Not available in all states.

Check what regulations are in place in your state to see whether you’ll be able to apply for one of these loans – some states have prohibited them completely.

What you should probably try to avoid

Applying for a cash advance online even when you know you may have trouble repaying it is a mistake, and one that you should definitely avoid. This is because non-payment of a cash advance can lead to collection activity, which in turn, could have an adverse effect on your credit score.

Avoid ignoring the loan’s terms and conditions which you can find in the loan’s contract, and this contract also gives you a clear indication of all the fees you may have to pay. Avoid repaying the loan late as there’s a very good chance you’ll end up paying additional fees.

Still need more information? Questions we frequently get asked.

How much can I borrow through cash advance online loans?

State laws have a bearing on the maximum you can borrow through a cash advance.

What eligibility criteria do I have to meet?

In most states, the minimum age for borrowers in 18 years. You should be a permanent resident or citizen of the United States, you should have a regular source of income, and you should have a valid checking account.

Why do I have to provide my bank account details?

When you apply for a cash advance online, your lender will transfer the approved funds into this account. On the due date, the lender will then request funds from the same account.

Will the lender call my employer?

Yes, you can expect your lender to call your employer, but this would be no more than a formal employment verification call.

Can I pay the loan off ahead of time?

Yes, you can, and in certain instances, you can even look forward to a refund of partial or complete loan fees.

Are there any hidden costs I should be aware of?

This could also vary from lender to lender. It’s important to read your loan contract to find out what the fees and charges are upfront.

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