Payday loans are a widely-used form of funding for thousands of people across the U.S., offering a quick way to generate cash for unexpected expenses. Payday loans for bad credit tend to be characterised by high interest rates – although if you dig a little deeper, you’ll find an array of payday loan providers that can provide reasonable rates for consumers with bad credit.
Payday loans for people with bad credit – quick decisions, no hassle
As detailed above, there are a hoard of payday loan services, and below is a list of top picks while highlighting their strong suits.
- Viva Payday Loans: Overall best for bad credit payday loans
- Heart Paydays: Best for installment loans with bad credit
- Credit Clock: Overall best for fast payday loans with poor credit
- Money Lender Squad: Best for payday loans online same day deposit
- Very Merry Loans: Best for quick payday loans online poor credit
Payday loans online bad credit lenders in 2022
Payday loans bad credit lenders are financial institutions that consider providing loans for those with a poor credit score, whilst taking into account if a borrower can pay back their loan at the agreed time based on their current affordability status. Generally, bad credit payday loans may come with higher interest due to higher repayment risks, however, this varies from lender to lender.
Below are the top 5 picks for getting an online payday loan with bad credit.
1. Viva Payday Loans – Best payday loan with bad credit
Viva Payday Loans is one of the best payday loans for bad credit that serve between borrowers and direct lenders and is welcoming to US customers regardless of a person’s credit scores. All you need to do to access payday loans online is visit their website and follow the instructions there.
The final approval of your loan and the lender’s decisions are based on your credit and affordability.
Pros of using Viva Payday Loans
- Access to small and large amounts of money, ranging from $100 to $5,000
- It connects borrowers to credible lenders
- Payment can be made directly to your bank account
Cons of using Viva Payday Loans
- High-interest rate, with the minimum being 5.99%, and the maximum, 35.99%
- Availability is restricted to some states.
Click Here to Visit Viva Payday Loans >
2. Heart Paydays – Best for installment payday loans with bad credit
Heart Paydays are famed for installment loans and charging minimal rates in the United States. This platform demonstrates inclusivity. Heart Paydays has an exemplary user interface that is easy to navigate. Also, the application process is confirmed in the shortest time possible.
Pros of using heart paydays
- Lenient repayment terms
- Repayment can be made in installments
- Swift application approval
- Your application can be approved even if you have a bad credit score.
Cons of using heart paydays
- It is not available in some states, such as Hampshire, New York, and Montana.
- Taking out a short-term loan may be more expensive than a traditional bank loan.
3. Credit Clock – Overall best for same day loans with bad credit
Credit Clock is a loan matching service that serves as a link between borrowers and loan lenders. This company has an impeccable reputation in the market, giving out online small payday loans bad credit to borrowers, even if their credit score falls below 630. The application procedure is seamless, with Credit Clock offering several types of loans, including payday and short-term loans.
- Payments are made available quickly, depending on approval
- Loan amounts up to $5,000
- Bad credit score applicants are welcome
- Seamless application process.
- Credit Clock services aren’t available in 11 states in the United States
- You cannot access the loans unless you make at least $1,000 monthly.
4. Money Lender Squad – Best quick payday loan with bad credit
Money Lender Squad is a loan matching platform that offers easy payday loans online bad credit instant approval, subject to final checks by the lender, which you can pay back within 3 to 24 months, depending on your agreement. This platform also provides one of the best bad credit loans ever.
You can enjoy its services using the easily navigated platform, which links you to credible lenders to make a pick from. You’ll be required to read a contract containing the terms and conditions before payment is made.
- The application process is swift and easy
- You can access loans of up to $5,000
- Payday loans online same day deposit
- Repayment duration could last for 24 months
- High fees and interest rates
- The loans may be more than you bargained for, putting you in more debt.
Click Here to Visit Money Lender Squad >
5. Very Merry Loans – Best for quick payday loans online poor credit
Very Merry Loans provides a loan-matching service for fast online bad credit payday loans. It is a reputable online broker founded in 2013, working with lenders which offer competitive loan conditions, with users receiving up to $2,000 swiftly.
The application process is seamless. The borrower gets to request the loan term they feel suits them. Very Merry Loans also offers a service where you could get payday loans for bad credit online on the same day, depending on whether you’re accepted by a relevant lender.
- Works with lenders offering same-day payouts
- Several short-term loan options to pick from
- Repayment duration may last for about two years.
- The rates differ from lender to lender
Procedure for applying for bad credit payday loans
If you seek to be connected to top-rated lenders in a short time, regardless of your credit score, check out Viva Payday Loans. Here’s a step-by-step guide to seeing the procedure through.
Step 1: Choose your loan amount at VivaPaydayLoans.com
Step 2: Complete your registration by filling out the application form
Step 3: Wait for a decision from one of their lending partners
Step 4: If accepted, subject to further checks, receive your loan
Bad credit payday loans online are outstanding to take care of urgent needs and emergencies, but be careful and apply wisely. If you need to take a payday loan, you should seek trustworthy and credible services, like Viva Payday Loans. However, before requesting payday loans, make sure you have explored other loan options.
Payday Loans Online With Bad Credit FAQs
How did we pick the best Online Payday Loans Bad Credit?
The above are some of the top picks for the best payday loans online with bad credit, on the basis that they work with a large range of lenders, loan networks, and third parties which consider those with poor FICO scores in order to help with your request.
What are the general eligibility requirements to request a Bad Credit Payday Loan?
- To qualify to request a loan, you must be at least 18 years of age
- You must have proof of permanent address
- The borrower must have a steady source of income, earning at least $1,000 monthly
- You must have a valid US ID
Are payday loans with bad credit same day approval provided to everyone?
You may be able to have your bad credit payday loan approved the same day, however, this will depend on the lender which approves your request. All requests are subject to further checks, therefore, in some cases, the approval time may not be until the next working day.
Disclaimer – The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan.