In today’s fast-paced world, unexpected financial emergencies can leave you scrambling for immediate cash. A payday loan is designed to be short-term and can provide the vital relief you need. But, when you have bad credit, securing a payday loan can feel overwhelming.
To make the journey stress-free, we’ve compiled a list of the 5 best places to get payday loans with bad credit. These lenders or brokers will consider your unique situation and provide rapid funding to cover unexpected expenses.
CocoLoan: Instant Payday Loans for Poor Credit
When you need emergency funds, but have a bad credit score, you may feel like you’re out of luck. But one fast cash loan broker, CocoLoan, offers instant payday loans for poor credit scores. With CocoLoan, cash advance availability hinges on your ability to repay the loan rather than on your credit score.
CocoLoan can give you quick access to up to $1,000 as soon as the next business day with no hard inquiry on your credit report. All they require is that you are at least 18 years old and provide proof of employment or a fixed source of income. And since the application process is fast and totally online, you won’t have to take any time off work to apply either.
On top of that, their interest rates for payday loans are some of the lowest out there—starting at just 3%. And if you make your payments on time every month, CocoLoan will even help improve your credit score over time! That makes CocoLoan an ideal option for anyone trying to build their credit back up after experiencing financial hardship while looking to get payday loans.
CashNetUSA: Quick Payday Loans for Bad Credit
If you have a bad credit score and are looking for an online payday loan provider, CashNetUSA is one of the best options. They provide quick loans with competitive rates based on the customer’s credit profile. Even with bad credit scores, customers can apply for a loan and expect to get approved in as little as 24 hours. CashNetUSA also offers a variety of other services such as line of credit loans, installment loans, and more.
CashNetUSA has one of the most comprehensive customer service teams available, and they are always willing to answer any questions you may have (no matter how small!). Furthermore, they take all major credit cards so you can trust them to securely process your payments without any issue. They also offer options like auto-pay that make it easy to manage your loan payments each month.
With CashNetUSA, you can get access to the funds you need quickly, without having to worry about your credit score or worrying about whether or not your application will be rejected – they’ll do their best to approve you!
WeLoans: Bad Credit Payday Loans With Low APR
WeLoans is a great option if you’re looking to apply for payday loans online with a bad credit score. They offer payday loans to people with credit scores as low as 550 and offer competitive rates, with APR rates ranging from 17% to 26%. Additionally, they offer quick approval — meaning you can get your money as soon as 1–3 business days, depending on your bank.
WeLoans also offers flexible loan terms of up to 12 months depending on the amount borrowed, as well as no prepayment penalties. This allows borrowers to pay back their loans faster and cheaper if they have the funds available — making WeLoans an attractive finance source for those looking for payday loans online.
iPaydayLoans: Payday Loans Online for Bad Credit Borrowers
If you’re looking for a payday loan online with a bad credit score, then iPaydayLoans is one of the top 5 companies you should apply for. They offer short-term loans to borrowers with bad credit and no collateral, meaning you don’t have to worry about putting up an asset as collateral.
Because of their focus on borrowers with bad credit, iPaydayLoans understands that these kinds of borrowers may need extra help and flexibility when it comes to repayment. This is why they offer extra features like:
- Flexible repayment plans
- Low late fees
- Low-interest rates
- Fast approval times
- Online loan tracking and management tools
- No hidden fees or upfront costs
- Easy application process
- Personalized customer support
On top of that, iPaydayLoans also offers two customer service options—phone and email—so you can always get in touch when you need help or have questions about your loan or repayment plan. So if you’re searching for payday loans online with a bad credit score, iPaydayLoans may be the perfect fit for you!
Check Into Cash: Bad Credit Payday Loans and Installment Loans
If you have a bad credit rating, don’t worry — Check Into Cash is here with payday and installment loans for people with lower credit scores. With no minimum credit score needed to apply, it’s worth a shot to see if you qualify.
You can borrow up to $1000 with a payday loan from Check Into Cash, which can be repaid when you get your paycheck and charges an APR of up to 651.79%. And if you need more money or want a longer repayment term, then an installment loan might be right for you. You can borrow up to $5000 in most states and get an extended repayment term of up to three years. This type of loan has a higher APR of up to 456%.
Check Into Cash also offers the option to refinance existing payday loans at their store locations if needed. You may want to consider this depending on your repayment plan and where you are in your debt cycle.
Regardless of what option you choose, Check Into Cash offers 24/7 access and great customer service so that you can get the money fast — even with bad credit!
Conclusion
If a low credit score has you feeling like you’re out of options, don’t give up just yet. There are several online payday loan companies that can provide you with the funds you need regardless of your credit score. From CocoLoan and WeLoans to iPaydayLoans, you can secure the financial help you need without worrying about your credit score.
If you’re considering taking out a payday loan, make sure to research your options, read reviews, and compare the different companies. Take the time to consider all the available loan options and pick one that meets your financial needs and fits your budget. With the right payday loan service, you can get the money you need quickly and repay it when you’re ready.
