How it Works
What Makes Us Different
What You Need To Know About Payday Loans
A payday loan is a short-term loan that you take out to cover unexpected expenses. The loan term is usually between 2-4 weeks and is meant to be repaid with your next paycheck. Once the due date comes, your lender will attempt to deduct the loan principal plus interest from your bank account.
The maximum loan amount is $1,000 but can vary greatly between states. These loans are usually easy to get, have very few requirements, need no collateral, and can be used for just about anything.
There are very few requirements for payday loans and they are similar in all states:
- You must be 18 years of age or older
- You must be a US citizen and reside in a state where payday loans are allowed
- You must have a regular income source
- You must have an active checking account
- You must provide your lender with your phone number and email address.
Sometimes, the lender may require you to provide additional documents, like proof of identity or a recent pay stub.
All the lenders we work with will always run a soft credit check on you when you apply with us. A soft credit check will neither affect your credit score nor will it show up on your credit report to anyone but you.
You should also understand that even if you have bad credit, it may not affect your ability to be approved for a loan with us. The lenders we work with put more emphasis on whether you’re employed and are able to repay the loan with your next paycheck rather than on your credit.
Yes! The lenders we work with don’t rely solely on your credit history.
If you’re employed and your next paycheck is around the corner, your bad credit will usually not prevent you from being approved.
This will depend on the lender we match you with and the time of day you apply.
If you apply early in the morning, usually before 10:30 AM your local time, and the lender we’ve matched you with offers same-day funding, you will usually receive your cash by the end of the day. In all other cases, you will usually see your money in your bank account the next business day.
Find a Payday Loan Lender Near You
If you need cash as soon as possible, consider applying in person instead of online. If approved, you will get your money almost immediately. Please find the list of states below to find the nearest payday loan storefront.