If you have some urgent bills to pay and the next paycheck is only in a week or two, applying for a Payday loan is a real rescue. You may get $100, $500, $700, up to $1,000 cash advance the same or the next business day without a guarantor or collateral. Besides in most cases you can avoid hard credit check which means your credit history won’t be affected.  Bad credit is also welcomed. 

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

$700 Bad Credit Unsecured Payday loans.

Payday loans by definition are small-dollar short-term unsecured bad credit cash advances which can help people in case of emergencies. Small-dollar means $100 up to $1,000 sums. Though it may seem not much at the first sight, but it’s often enough to solve the majority of financial problems average Americans have. One can pay medical, dental or other bills, or make an essential purchase, or go on holiday, or celebrate a special event, etc. 

Repayment conditions make this type of loans even more attractive as they are paid off within 14 - 30 days with your next paycheck. 

The rates may seem higher than in lending options, but the total cost appears very affordable due to a short repayment term.

In what states are $700 Payday loans legal? 

Payday lending is strictly regulated by law in every state. All of them are under the authority of the Consumer Financial Protection Bureau (CFPB) 1. When you are going to apply for a short-term loan first of all check out all the rules in your state. It can limit the cash advance amounts, the repayment terms, rates and fees and other factors. Most states allow Payday loans up to $500 (Alabama, Alaska, Colorado, Florida, Iowa, Kansas, Kentucky, Mississippi, Missouri, Nebraska, New Hampshire, North Dakota, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Virginia).

If you need a $700 Payday loan, you can legally take it in

  • Delaware,
  • Idaho,
  • Illinois,
  • Maine,
  • New Mexico,
  • Oregon,
  • Texas,
  • Washington,
  • West Virginia,
  • Wisconsin,
  • Wyoming.

In the other states which restrict short-term cash advance to a lower amount it’s still possible to get $700 Installment or Personal loan. Sometimes they are even more convenient as offer lower rates and longer repayment terms.

Can I get $700 loan with bad credit?

IN most cases direct lenders approve even borrowers with bad credit as they take into account other eligibility criteria such as income, employment, etc.

Nearly a third of Americans have a credit score lower than 601 [Experian’s 2015 VantageScore 3.0 data]. While Experian estimates 30% of Americans have poor or bad credit, plenty of people have no credit at all, which has similar disadvantages to having low scores.

Payday loans are most suitable for bad credit applicants as the lenders offering $100, $500, $700 cash advances take into account a lot of other factors besides your score:

  • Employment
  • Income type
  • Home ownership
  • Months employed
  • Net monthly income
  • Previous credit types and debts, etc.

How to get approved for $700 cash advance with bad credit? 

  • have your FICO score at least 600,
  • try to avoid judgments, liens and bankruptcies on your credit report,
  • find a stable employment,
  • take a proof of identification with a passport, driver’s license or voter’s ID,
  •  don't forget a proof of residence such as a utility bill.

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

No credit check $700 Payday loans. 

The term, “no credit check,” means that the lending institution doesn’t check your credit score before issuing the loan. This allows individuals to borrow money when they would not normally be able to borrow due to a poor credit history or low score.

Read more:

As $700 cash advances are not granted on the basis of your FICO score it’s just a waste of time to perform any kind of credit inquiry. Lenders simply determine your repayment ability by the following criteria:

  • US residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.
  • Besides the lenders may check for employment history, previous debts, review credit from other bureaus outside the most famous three and your income to determine your eligibility.

Where to borrow $700 till the next paycheck.

The two main places to borrow $700 are Payday stores or Check Cashers near your location or Online Lenders or Brokers.

What are the differences between In-store and Online Payday Lenders?

Payday stores or Check cashers

Online lenders and brokers

If you are an experienced borrower who values time and appreciates all the benefits of technological progress, apply for a Payday loan online. If you are still in doubts and have little information about cash advance and need some professional help, try front stores. On COMPACOM.com web site we offer you to compare both online and in-store lenders and make the right choice.

TOP RATED COMPANIES

Rates last updated May 20th, 2019
4.4772727272727

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.   

4.5263157894737

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.

4.8571428571429

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
4.3333333333333

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 May 20th, 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

How much a $700 loan costs.

The total cost of any loan includes the principal, the interest and additional fees.

  • The principal equals the amount you borrowed.
  • The interest depends on the APR, or MPR. Annual percentage rate or "APR" is a percentage representation of the actual yearly cost of funds over the term of a loan. The MPR, or Monthly percentage rate is the cost of the loan over a month term.
  • Additional fees may include: application, verification, documentation, transmission, non-sufficient funds, late payment and other charges. 

To calculate the sum of money you’ll have to pay for $700 cash advance within a certain term first of all you need to know the APR. It may be limited to a certain figure by the state law, and it can vary according to the lender’s conditions. Check it out before signing an agreement. 

PayDay Loan Calculator

?
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.
?
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.
?
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.
?
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.

Let’s compare the minimal rates offered by the best lenders for a $700 loan:

State

Maximum loan amount

Maximum APR

Additional fees

NSF fee

Delaware

$1000

Not limited

Not limited

None

Idaho

$1000

Not limited

Not limited

$20

Illinois

$1,000, or25% gross monthly income

403%

Not more than $15.50 for $100 borrowed

$15

Maine

$2,000

30%

None

None

New Mexico

$2500, not more than 25% of monthly income

416%

$0,50 jf every $100 verification fee

$15

Oregon

$50,000, not more than 25% of monthly income

36%

None

$20

Texas

Not specified

410%

10% of the loan

$30

Washington

$700

390%

15%

Not stated

West Virginia

$2,000

Small loan rate cap 31% per year

 

 

Wisconsin

$1500, not exceeding 35% of your monthly income

Not stated

Not stated

$25

Wyoming

Not limited

780%

20% maximum but not more than $20

None

 

As we can see, in the states where you can legally borrow a $700 Payday loan the APR ranges from 30% to 780%. Plus you may be charged 10 - 20% additional fees and $15 - $30 NSF.

Must know!
Keeping in mind that Payday is a short-term type of cash advance, we should understand that the interest won’t reach a substantial amount in spite of a rather high APR. 

Let’s count the total cost of a $700 loan for 30 days with the representative APR of 300%.

Total cost calculating formula
The principal + (Principal * APR / 100%) / 365 days * Repayment term = Total cost of the loan

700 + (700*300/100)/365 *30 = 872, where:

  • $700 is the principle;
  • $172 is the interest of the loan for 30 days;
  • $872 is the total cost.

The overpay comprises only $172 a month, or $5,7 a day. Not such a big price to solve all the financial problems you have. 

And we can help to make this price even smaller by letting you compare the best offers and find the lender with the lowest rates.

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

Looking for another amount Payday Loan? Compare the offers:

$100 Payday Loans.

$200 Payday Loans

$300 Payday Loans

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$500 Payday Loans

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$900 Payday Loans

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