Bad Credit Payday Loans

When that emergency arises, and you need cash now, having bad credit can really leave you in a bind. That’s where bad credit payday loans can help. Whether you have an emergency, need to clear up an outstanding bill to avoid disconnection, find yourself short between paydays, or you want to deal with long-term debt a bad credit payday loan can help. With very fast decisions, you don’t have to wait around in suspense wondering if your payday loan will go through.

Bad Credit Payday Loans - Your Lifeline to Quick Cash

Life never goes according to plan. Unexpected expenses happen. You break a tooth, your car dies, or your child gets sick and needs a prescription filled. Life - there’s just so much that can happen that’s out of your control, so when you find yourself in need of some extra cash to make it through to your next payday, you should consider a payday loan.

Payday loans are also called cash advance loans. Thanks to payday loans, those who have a bad credit rating or poor credit history can now borrow money and sometimes there is even a guaranteed approval process.

When you take a payday loan, it’s usually for a small amount of money ranging from $100 to $1500 depending on who the direct lender is. This has to be paid back to the lender by the agreed upon date, which is often your next payday, but it can be much longer. Different direct lenders have their own rules, so talk to the lender about the terms and the fees that are associated with the loan you want.

A bad credit payday loan is an easy way to get yourself out of a current financial crisis and through to the next payday. However, you need to remember that the interest rates can be much higher than you would expect to pay at your local bank. Then again, when you have a bad credit rating or poor credit history, your bank won’t generally lend to you. Many of the lenders will require you to use schedule direct debiting for your repayment, which is convenient for both you and the lender.

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Bad Credit Payday Loans When Your Credit is Less Than Perfect

Payday lenders have a different set of criteria than other financial institutions like your bank, which includes lending to those who have a bad or poor credit rating. Direct lenders that offer short-term cash solutions aren’t concerned about your financial past, so there’s no credit check, but instead they want to know where you ‘sit’ today. This is done by asking you some questions and looking at the last 90-days of your bank statement. This information is used to make a very fast decision about whether or not you qualify for a payday loan.

Some payday direct lenders have a guaranteed approval policy, and overall lenders offer easy loans for bad credit. They get that life happens, and that you might have messed up in the past, but that doesn’t mean you will now. They understand that having a bad credit rating doesn’t make you a bad person and it doesn’t mean you won’t repay what you borrow today. That’s why they focus only on the last 90-days to make quick decisions and offer easy loans for bad credit.

Common Questions about Payday Loans

There are many reasons why a payday loan might benefit you. When ‘stuff’ happens, it can be very stressful. Payday direct lenders try to get cash to you as quick and smooth as possible.

If you are thinking that a bad credit payday loan might be just what you need, chances are you have a few questions about the service. Let’s look at some of the most common questions asked.

Do I need to fill out an application?

Yes, you need to fill out an application, and you can do this online at the lender website. You may be asked to provide your employment information, your address, and a copy of your bank statement, which the lender will verify. Generally, your credit history isn’t required, because lenders only look at your current finances. 

How long to get approval for my payday loan?

After you complete your application, most lenders have an almost instant approval, and some have a guaranteed approval (terms may apply).

How quickly do I get the money after my loan is approved?

You can sign for your loan online, and the money is deposited directly into your bank account, which generally occurs within 24-hours. The ability to get your cash quick is extremely helpful, for those unforeseen emergencies that need cash ‘now.’


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How is the loan paid back?

Direct lenders look at your how often you get paid, and how much money you make and schedule your payments accordingly. Your payment is directly debited from your bank account so you need to make sure that you always have the money in your account for that payment. If the payment does not clear, you will be charged additional fees.

How to Choose a Payday Loan Company

You need a payday loan. You know you can’t go to your bank because you have a bad credit rating, so a bad credit payday loan is what you need. Thankfully, easy loans for bad credit are readily available. The trouble is not all payday loan companies are the same. Direct lenders each have their own policies and procedures, which is why it is important for you to do a little research so that you choose the best lender for your needs.

Research the Lender

When you apply for a loan, you give the lender permission to have a look at all of your person information, including your bank account, so you want to be sure you are releasing this information to a legitimate and trustworthy lender. This is done by researching the lender.

Know the Interest Rate and Fees

Lenders have different interest rates and fees. Some of these can be extremely high. According to the Australian Securities and Investments Commission, the amount charged including fees, and interest, cannot exceed a one off 20% and 4% per month.

Ask How Quickly You Get the Funds

Most lenders transfer the money to your account within 24 hours, but some will transfer within the hour, and others might take longer than 24 hours. If you need the money ‘now,’ 24-hours could be too long.

Loan Extensions

Some direct lenders will extend your loan up to 90-days; however, there will be extra fees for this. It is always good to know the loan company’s policies before you get the loan. You should also find out if there any hidden fees associated with loan extensions.


Bad credit payday loans are a bit like a life preserver on a boat. When trouble happens and you need to be rescued with cash, payday loans can offer a quick and helping hand. Apply now for your cash advance loan.