Online Payday Loans
Trying to get through the month but have urgent needs for money? Apply online today to get a payday loan from our panel of lenders who will consider you even if you have poor credit history.
- Top-notch Security
- Fast Lender-Approval
- Simple Online Application
- Bad Credit Okay
What Exactly Are Payday Loans?
A payday loan is a type of short-term loan that can provide financial relief until your next pay cheque arrives.
These loans are made for unexpected expenses, such as getting into an accident or damaging your car. Payday loans can be accessed through our quick and easy online platform. You can get lender approval in as fast as 5 minutes!
Payday loans come with several distinct features. First, payday loan lenders do not require hard credit checks. Second, payday loans are typically borrowed and repaid in a single payment instead of installments. Borrowing terms can be decided once you connect with a reliable lender, but the average loan term is about 2 weeks.
Many people know payday loans as "fast cash advance" or "payday advance." These terms are usually used to refer to online payday loans where you can get instant cash easily and with bad credit.
How Do I Get a Payday Loan Online?
If you suddenly have a large bill to pay in the middle of the month, applying for a payday loan might be your best option. You can apply for a payday loan online and get fast cash from our network of lenders. Here's how you can get a payday loan:
Fill Out an Online Form
We offer a convenient online platform to help you find a trustworthy lender without effort. You just have to submit information such as the amount you need, your loan terms and current income so that our lenders can make fast decisions.
Receive an Offer
Once all your information is available to the lender, they can send you a payday loan offer in as fast as 15 minutes. You might receive multiple offers from different lenders, and you can choose one as per their interest rate, repayment time, and other terms that the lender is offering.
Sign the Agreement
Now that you have found the best payday loan offer, the lender may ask you to provide final documentation to finalize the loan. This typically includes your bank account information and the terms and agreements for repayment.
When the lender approves and finalizes the payday loan, you can get the cash through direct deposit to your bank account. Some lenders will send you cash within 24 hours, while others could take 2-3 business days.
Can I Get Payday Loans the Same Day?
Anyone can apply for an online payday loan and receive cash as soon as you connect with a suitable lender. If your loan is approved by the lender, you can receive cash the same day. However, some lenders can take up to 2-3 business days to deposit funds to your bank account.
The loan approval process is handled by the lenders themselves, and our broker service only helps you connect to a reliable panel of lenders.
For those with bad credit scores, getting a good loan offer from banks or independent lenders might be a challenging task. To make your financial situation easier, you can use our reliable broker service to connect with a suitable lender.
Many lenders on our panel offer great payday loan offers for borrowers with bad credit and have a straightforward process.
How Much Can I Get From a Payday Loan?
The amount you can get from a payday loan depends on the lender and their policies, as well as the regulations of the state in which you live. Some lenders will only give out a certain amount based on their assessment of your financial details or the cap the state laws impose.
But in general, the amount you're able to borrow from the payday lenders on USBadCreditLoans can go up to $5000. The following is a list of details of different payday loan amounts you may get on our platform:
Pros & Cons of Online Payday Loans
Before you decide to get a payday loan, it is essential to consider the various pros and cons of this choice. Here's everything you should keep in mind when considering a payday loan:
Pros of Payday Loans
- 1. Simple and Quick Process
- Traditional bank loans or independent lenders can take weeks before they consider your loan request. With a payday loan, you can fill out the online form within a few minutes and get lenders' approval within the day.
- 2. Fast Funding
- Most lenders we contracted with are willing to approve your request as fast as 15 minutes. Once the lender approves your payday loan, you can receive cash the same day or within 2-3 business days.
- 3. Credit Scores Don't Matter
- People with bad credit scores often struggle to get their loans approved through banks. With online payday loans, you don't have to worry about having a perfect credit score. Our panel of payday lenders can approve your payday loan request regardless of your credit score and do not conduct a hard credit check.
Cons of Payday Loans
- 1. Short Repayment Time
- Payday loans are considered short-term, which means they must be repaid within a few weeks' time. Typically, payday loans should be paid back once you receive your next paycheck.
- 2. High Interest Rates
- Payday lenders often charge high interest rates to compensate for the risk attached with unsecured loans. With triple digit interest rates, your loan amount can add up to a significant sum when it comes to repayment. To avoid getting stuck in a debt, make sure that you can easily repay the amount with your next paycheck.
Basic Requirements for Getting a Payday Loan
Instant payday loans are often regulated by the government. This means that the requirements to get a payday loan can vary depending on which state you are in and which lender you choose. However, there are a few basic requirements to qualify for a payday loan.
The borrower must be at least 18 years old to legally sign the payday loan contract drafted by the lender.
To ensure that you can repay the loan amount in time, lenders often ask for your income documentation as proof. Although it doesn't matter what job your income comes from, it should still be recurring and consistent.
Active Bank Account
Most payday lenders prefer using direct deposit to transfer funds into your account. This means that you should have an active bank account under your name in order to qualify for a payday loan.
Local Address and Phone Number
Contact information such as your address, phone number, and email will be required to qualify for a payday loan. The lender should have a point of contact in case you fail to make the repayment in time.
What Should I Do If I Can't Repay My Payday Loan?
Sometimes, it might not be possible to repay your payday loan on time. You might start relying on the payday loan to pay routine bills and keep renewing it every month. In that case, you can request the lender for an extended repayment method.
An extended repayment method means that you can repay the payday loan in small installments over a long period of time. It depends on your lender and state regulations whether they allow for an extended repayment. Typically, an extended repayment comes with an additional late fee or a higher interest rate.
If you don't have the option of extended repayment or still struggle to make the payment, other resources might be available to help. You can speak to a local credit counselor or get in contact with a legal aid attorney.
Find More Loans Online
We also offer access to other types of loans that can ease your financial burden. These include long-term installment loans, title loans for your car, or bad credit loans. Look into each loan listed below:
Learn More About Different Payday Loans
There are a variety of types of payday loans you can find on the Internet. See how they work and if they are able to help you.
Frequently Asked Questions
1. Where can I get a loan?
Anyone can fill out the online form on our loan-matching service to get a payday loan. All you need to do is provide your basic information and we can help you connect with a panel of suitable lenders.
2. What are the easiest online payday loans to get?
You can get instant payday loans through famous loan providers like MoneyMutual, BadCreditLoans, CashUSA. Each of these services offer a quick and easy service to connect with a payday lender. We also provide easy ways to help you get payday loans, with simple processes and fast approvals from trusted lenders.
3. Should I get payday loans from a broker or a lender?
Getting a payday loan from a broker is better than an independent lender as broker services offer a wide network of lenders to choose from. Brokers typically offer better payday loan terms and lower interest rates than individual lenders.
4. How can I borrow money fast?
You can borrow quick payday loans by connecting with one of the lenders on our panel. Use our service to get in contact with a suitable lender immediately. Your loan request can be approved by a lender as quick as 15 minutes and you can get the funds through direct deposit within 2-3 business days. Some lenders even offer to transfer cash on the same day.
5. Why do I get rejected for a payday loan?
You might get rejected for a payday loan if you don't have a proof of income or are currently unemployed. If you have a history of borrowing payday loans or currently have an unpaid loan on your account, lenders might reject your request. In case you have too much debt compared to your income, then lenders might not consider you as a qualified candidate for a payday loan.
6. Who is the biggest payday lender in the US?
With approximately 23,000 payday lenders in the US, the three biggest companies include Advance America, Cash N' Go, and Check Into Cash. Out of these, Advance America is a public company and is the largest payday lender in the US.
7. How do I pay back a payday loan?
The repayment plan for a payday loan is decided with your lender. You will be required to pay back the loan according to the initial terms and agreement signed with the lender.
8. Are payday loans safe?
There are many websites offering payday loans online, and some might not be as reliable as others. Luckily, you can rely on our secure and confidential platform to get a quick payday loan from a reliable lender.
9. Are payday loans worth it?
If you are struggling to make ends meet this month, then getting a payday loan might be an option to be considered. A payday loan is worth it when you need fast cash right now for emergencies and will be able to repay the amount within the specified period. If you don't have the ability to pay for the high interest rate, then you may have to consider other approaches.
10. Do payday loans check your bank account?
Our service helps you get offers from suitable lenders for a payday loan, and these lenders may ask for your bank account information to verify your identity. But they may not check your bank account balance as it's your privacy.
Need money for emergencies? Get a payday loan now!
Whenever you need fast cash, apply for a payday loan with WeLoans. Our partner lenders are always there to help you out even if you have bad credit history. Complete the application form easily and get fast approval from lenders today!Get Started Now