Do you need quick cash but have a bad credit score? Can't get approved by banks, credit unions or other traditional financial institutions? We can help you compare the lenders who are ready to deposit the money into your account the next business day. Besides, we’ll uncover the key details of credit history, report and score definitions, difference between them, types of credit score, FICO score, factors influencing your credit, bad credit definition, opportunities to get approved for Payday loans with bad credit, and ways to improve your score.

Loans for ANY  NEEDS
APR from 4.99%

PayDay Loan Calculator

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Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
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The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
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To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
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It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Contents:

Credit score ranges. FICO credit score.

How to check my Credit Score? 

What is a Good and Bad Credit Score? 

How to apply for a Payday loan if I have bad credit?

Online bad credit Payday Loans.

Bad credit Payday Loans with NO credit check.

Instant approval for bad credit cash advance.

Bad credit Payday Loans alternatives.

TOP RATED COMPANIES

Rates last updated June 19th, 2019
4.4888888888889

LEND YOU

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

17,5%
MIN MPR

The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

4.5384615384615

Check Into Cash

$1,000
Maximum Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Check Into Cash is a national leader in direct lending, providing customers with affordable, short-term, small dollar credit solution such as Payday Advances, In-Store Cash Advances, Online Payday Loans, Title Loans, Title Pawns,Check Cashing, Western Union®, walk-in Bill Pay, and reloadable prepaid U.S. Money Cards both online and in their in-store centers nationwide. They offer reliable service, affordable rates, simple requirements and convenient repayment. Compare the reviews on Check Into Cash and their products, fins out all you need about this company and apply for the service you need.

Bad Credit Loans

Available for Bad Credit

BadCreditLoans.com has been in the business of helping people since 1998. We make it simple for consumers to get the funds they are looking for online.

We offer: 

  • Bad Credit Personal Loans
  • Bad Credit Business Loans
  • Bad Credit Credit Cards
  • Bad Credit Mortgage Loans
  • Bad Credit Home Loans
  • Bad Credit Student Loans
  • Bad Credit Auto Loans
4.3571428571429

CashAdvance.com

$999
Maximum Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

15%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

CashAdvance.com is one of the more trusted names in payday loans, and works the same as Trusted Loan Network in that it aggregates lenders to help match the best one for you. They offer a wide range of loans and have some of the lowest APRs in the payday loan business. CashAdvance.com also does not require a credit check, but you do need to be 18, have a source of income and have an open back account. Once you are approved, funds will be deposited in your account the following business day.

Loan By Phone

$1500
Maximum Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

260.71%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Online cash advance is really quick, easy, and confidential with LoanByPhone. They offer Payday Loans, Installment Loans and Line of Credit for both good and bad credit score customers. An easy, online application that takes only minutes to complete will help you get the approval and necessary funds as soon as possible. LoanByPhone makes the loan process really easy and mobile. Ypu can apply on the go, get funds quickly, and manage your account, all from the device at your fingertips.

ONLINE COMPANIES

Rates last updated June 19th, 2019
4.4285714285714

PAYDAY LOANS USA .ONLINE

$1,000
MAX. loan amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN MPR

The minimal percentage allowed that actually represents the cost of your loan charged for a month. It's more important for the customer as mostly Payday loan are borrowed for a month term and paid off with the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Has life thrown you an unexpected financial curveball? Need a loan? Bad Credit?  Don’t look any further! PAYDAY LOANS USA .ONLINE is here for You. 100% online short-term Payday and unsecured Personal loans from some of the best direct lenders in the USA.

Payday Loans Low Rates

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN MPR

The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

THE TYPES OF LOANS THAT WE OFFER ARE AS FOLLOWED:

$100 - $1,000 Payday Loans - a short-term loan which you typically would repay by your next payday or within 30 days. Normally comes with a higher (APR).

$1,000 - $35,000 Personal Installment Loans - involves equal periodical repayments over an agreed loan term. No collaterals are needed either, but the APR is normally lower compared to the one of the payday type.

Your Faster Payday

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN APR

The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

Fast Holiday Loans

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

200%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Get cash for the holidays! Get a loan of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source

Credit score ranges. FICO credit score. 

Credit score is a figure which lenders, banks and other financial institutions use to assess how trustworthy or how risky you are as a borrower. This number is based on the information from your credit report.

According to your payment history, amounts owed, length of credit history, new credit, types of credit used the score ranges are the following:

FICO

300 - 850

Experian

330 - 830

Equifax

300 - 850

TransUnion

300 - 850

VantageScore

501 - 990, A - F

The most commonly recognized is FICO score, while Experian, Equifax and TransUnion are the biggest official organizations maintaining records for practically everyone in the USA, and VantageScore is rather new one. It was created to provide lenders with risk assessment across all three reporting agencies.

The most influential factors for your FICO score are your payment history and the debt you owe (65%) alongside with the length of your credit history, your credit mix, and new credit/inquiries (35%).

For VantageScore, the most important is your payment history. The next go the age and types of credit you have, combined with how much of your credit limit is in use.

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Actually, there are hundreds of credit scores. They may be specific to a certain credit bureau, or to the type of a loan. But fortunately, a few of them are more common and widely recognized than others. They are FICO, Experian, Equifax, TransUnion and Vantage scores. They share some of the main criteria identifying your creditworthiness but are slightly different. Let’s see how.

 

Must know!

Credit report is a detailed report of an individual's credit history prepared by a credit bureau. Credit bureaus collect information and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants' credit worthiness. 1

The information included is:

  • name, date of birth, your addresses from the past 6 years, and any financial associations with another person, e.g. joint mortgage. 
  • Whether you are registered to vote at your address
  • County Court Judgements (CCJs), bankruptcies and Individual Voluntary Arrangements (IVAs)
  • Credit account information: how much you owe and whether you have paid on time, the age of the account (including mortgages, credit cards, store cards)
  • ‘Hard’ searches carried out on your account
  • Fraud that has been committed using your name or any fraud that you've committed using someone else’s name

This information is collected from banks, lenders and utility companies. It’s updated once a month and saves the data for half a year.

Your credit report is given to you by one of the three main credit reference agencies (Equifax, Callcredit and Experian). It shows you how your credit report will look to lenders (the higher the score, the better it looks).

Credit history is a record of a borrower's responsible repayment of debts. A credit report is a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments. 2

Read more:
NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

How to check my Credit Score? 

Federal law allows you access to a free copy of each of your three reports every 12 months, so there’s no reason not to take advantage of this benefit. You can check your credit report from each bureau for free once per year from AnnualCreditReport.com. It’s recommended to get a report from each of them as the score may vary. You’d better ensure they have the most accurate and up to date information – otherwise your credit score could be affected.

Interesting to know!
9% of Americans worry that they won’t be able to pay off their debt in the long term future while 2% of them are planning to check their credit report more often and 2% are going to check their credit score more often. These tendencies are definitely interconnected and interdependent!3

When you request a copy of your credit report, you’ll see your financial history. It’s not the score. To get the score you need to purchase it from the company’s website. You can also sign up for a credit monitoring service if you expect to work on your credit score over time and want to view your progress on a regular basis. Just be sure to select a company that does indeed use the real FICO.

What is a Good and Bad Credit Score? 

Each lender determines what is a good or bad credit score. It can also vary according to the Credit Bureau you apply to and according to the type of loan you are going to take. However, there are several general score range points:

  • Excellent/very good credit score: 700 to 850
  • Good credit score: 680 to 699 (Average American score is 682)
  • Average/OK credit score: 620 to 679
  • Low credit score: 580 to 619
  • Poor credit score: 500 to 579
  • Bad credit score: 300 to 499

Credit score meaning is defined in the following table:

Credit title

Poor

Fair

Good

Very good

Exceptional

Credit score

300-579

580-669

670-739

740-799

800+

What does it mean?

You may be rejected. Or you may need to pay a fee or a deposit.

To get approved may be rather difficult and the rates are likely to be higher

You are an “acceptable” borrower

You may get better interest rates from lenders

You will be easily approved for a loan

27% of people have a very good score while only 2% - poor. The highest average score is in Wisconsin, the lowest – in Mississippi. Still any US resident with financial difficulties can apply and get approved for a loan. Those with very good or even exceptional score may qualify for any type, amount and lower rates loans, while the others can get a payday, personal or installment loan.

Although there is some distinction between a low credit score and a bad credit score, it is important to note that many lenders consider consumers with scores under 620 as credit risks.

Interesting to know!

The U.S. average is 687, with southern states typically reporting lower scores. California (754), Oregon (750) and Wisconsin (749) led the country with the highest average FICO scores. 11.7% of Americans have a score of 549 or less, 20.4% - from 800 to 850.

Percentage of the population with declining credit: 

  • 8% - South Dakota
  • 9% of the population - Wisconsin, Utah, Nebraska, Minnesota
  • 10% - Hawaii, Idaho, Massachusetts, Montana, Vermont, Washington, Wyoming
  • 11% - Virginia, Rhode Island, Pennsylvania, Oregon, New Hampshire, New York, New Jersey, Maine, IllinoisColorado, California, Connecticut, Alaska
  • 12% -Indiana
  • 13% - West Virginia, Ohio, Maryland
  • 14% - Arizona, DC, Delaware, Missouri
  • 15% - Kentucky
  • 16% - Nevada, North Carolina
  • 17% - Oklahoma, Florida
  • 18% - Alabama, Georgia, Louisiana, New Mexico, Texas
  • 19% - Mississippi
  • 20% - South Carolina
  • Average score is minimum 642 in Mississippi, maximum 707 in Minnesota.4

How to apply for a Payday loan if I have bad credit?

Bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such loan. To get money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit loan, there are important features to take into account. You can find all these important criteria on COMPACOM.com website, which gives you a unique opportunity to compare companies. Pay attention to5:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility qualifications
  • Employment requirements
  • Interest rates and types
  • Loan terms
  • Fees and penalties
  • Repayment options

The types of loans available for bad credit applicants are Payday Loans, Personal Loans and Installment Loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. You are most likely to get a Payday cash advance as its amount is not very high, $100 - $1000, and the APR on the contrary may exceed 400%. This fact shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.

You can calculate the cost of your Payday Loan using our free online calculator.

Online bad credit Payday Loans.

If you have bad credit score you'll definitely have more options to find a lender online than in-store though you can find a Payday shop or check casher near you. Still online cash advance has more advantages:

  • You don’t have to drive and wait in lines
  •  You avoid doing paperwork and faxing documents
  • You get a chance to compare a lot of lenders at a time and choose the best one
  •  Your personal and transaction information is completely safe
  • There’s a higher possibility to find a lender with no credit check requirements
  •  Once approved, you’ll get the necessary funds deposited directly into your checking or savings account within 24 hours.

The process of applying for a Payday Loan online is quick and easy:

  1. surf the net for top direct lenders or use a comparing service like COMPACOM.com
  2. choose the company whose rates and terms suit you the most
  3. fill out an application form
  4. as you get approved read the conditions of the agreement and if you are satisfied sign it
  5. get the money deposited into your account within 24 hours
  6. repayment will be done automatically as you get your next paycheck.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Bad credit Payday Loans with NO credit check.

To find the lender ready to approve you for a bad credit Payday Loan without credit check is hard but possible. Credit check is necessary both for the lender and the borrower as it reduces the risks to default a loan. If you want to repay the money on time you should make sure you can afford this bad credit Payday Loan. But if you want to get this money any way, it's very urgent and you'd like to avoid this case in your credit report choose NO credit check Payday Loans. You must understand that the rates for such cash advance may be higher than usual as it's more risky for the lender. So consider getting a loan with at least soft credit check. It'll make the process more safe for both you and the lending company and the loan will be cheaper. Still it won't damage your credit history.

Instant approval for bad credit cash advance.

You’ll get up to $1000 cash deposited into your account within 24 hours. Just fill out a simple application form online and get instant approval if you meet the lenders’ basic requirements, which typically are:

  • Minimum FICO score of at least 600
  • Clean credit history; no judgments, liens and bankruptcies on your credit report; and a history of making on-time payments
  • Stable employment
  • Proof of identification with a passport, driver’s license or voter’s ID. You’ll also need to provide proof of residence such as a utility bill.

Installment Loans and Personal Loans are also available for borrowers with a bad credit. Though you score can influence the amount you want to take and the interest rate the lender will offer to you. The maximum sum for an installment cash advance is $5000, and for a personal loan - $35,000. In any case you need no collateral, no guarantor, no paperwork. No matter whether your credit score is 400, 550, or 600, get the chance to learn more about all the opportunities you have and compare the best lending services you are offered on COMPACOM.com.

Bad credit Payday Loan alternatives.

Payday Loans are undoubtedly a good and the most available option for those who have a bad credit score. But if for some reason you don't want to apply for a short-term cash advance consider other alternatives:

  • Bad credit Personal Installment Loans;
  • Secured loans, for example, title loans;
  • Loans from a bank or credit union;
  • Check out Government Assistance programms or apply for money with a non-profit organisation;
  • Ask your family or friends.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000