Bad Credit Payday Loans – How to Find a Lender for Poor Credit

Last Updated: 11. January 2020

It’s an emergency that nearly all of us endure at some point in our lives – needing a bad credit payday loan.

Who do you turn to when traditional banks reject your application before of poor credit history?

Thankfully, there are payday loan lenders who accept customers with bad credit. In fact, some don’t even require you to have a bank account.

In this guide, we’ll explain how to get a payday loan with bad credit in as little as 15 minutes. We’ll explain the safe sites, and and out the predatory lenders with high interest rates and sneaky direct bank charges.

Note: It’s normal for bad credit payday loans to have shorter repayment periods, higher APRs, and higher roll-over or late payment fees. That’s the nature of the beast. Remember though, a successful repayment of such a loan can actually improve your credit score.

What is the process of applying for a bad credit payday loan?

Step 1: Visit one of the loan providers listed below.

Step 2: Apply for the loan by providing the lender with such information as your bank details, contact information, employment status and details, contact information for your references

Step 3: Agree to the terms of the loan and repayment period

Step 4: The lender gives you a check for the loan amount or deposits it into your account

Step 5: You repay the amount upon receiving your salary or ask for a rollover and pay the rollover fees

What are the pros and cons of payday loans for bad credit?


  • They help sort your finances when no one else is willing to help
  • Have a relatively non-intrusive application process
  • Speedy and wholly online loan processing
  • No credit check and may help improve your credit score
  • Doesn’t require security or collateral
  • Short term repayment doesn’t tie you to a lifetime commitment


  • Carry a higher APR than most other personal loans
  • Have a short grace period to repayment
  • The easy application process and fast processing of payday loans make it tempt you into its misuse by applying it to sort non-emergency situations

How we ranked the best payday loans for bad credit:

  • Representative APR
  • Maximum loan amounts
  • Regulation and reputation
  • Loan processing speeds
  • Other fees and charges
  • Credit score checking
  • Loan repayment period
  • Customer support

Best payday loans lenders for bad credit:

1.Cash USA– up to $10,000 at 35.99% APR

Cash USA tops our list of pat day loan providers not just because they pay little regard to a poor credit payday loans score but also because they have some of the lowest interest rates and associated loan costs. It is nevertheless important to note early on that Cash USA is not a direct lender but a broker that charges no account registration or processing fee on their website. They strive to match you with lenders with the most tolerable loan terms and interest rates.

On the website, interest rates for different payday loans bad credit rating start from $9 per $100 to as high as $25 per $100 depending on your individualized circumstances. But lenders here can accord you some of the most extended repayment periods that range from 90 days to 72 months with the minimum and maximum loan application requests standing at $500 and $10,000 respectively. Interestingly, you will also find lenders willing to help you open a payday line of credit with a maximum credit limit of $1500.


  • Fast loan processing – less than 5 minutes
  • Will lend to you even when you have a bad credit score
  • No loan collateral required and attractive loan limits
  • Extended repayment periods of up to 72 months


  • The high maximum limits and fast processing may encourage credit misuse
  • There are no standard interest rates as they vary depending on your situation and state
2. Check Into Cash – up to $1,000 at 1042% APR

Check Into Cash falls in the list of one of the oldest payday loan bad credit service providers having been an active industry player for over two decades. The lender also has one of the most diverse national footprint given that it is available in over 32 states. Given that payday loans laws and regulations vary from one state to another, the interest rates for the payday loan and such terms as loan repayment period vary from one state to another. Nevertheless, the lowest amounts you can pay for borrowing $100 from the lender ranges from $13 to $25. The maximum credit limit here stands at $1,000. And to access their payday loan services, you must be over 21 years and provide the lender with such valid personal contact information as email, phone, and physical addresses. You also must maintain an active checking account and be a U.S citizen or permanent resident.


  • Readily accessible in over 30 states
  • Doesn’t just consider your credit score when deciding whether to advance you credit
  • Relatively fast online loan processing and approval process


  • One may consider their 21 years minimum age and low maximum loan limit of $1,000 quite uncompetitive
3. Cash Net USA – up to $3,400 with variable APR

Cash Net USA makes it to our list of the best payday loan service providers not just because they have the most attractive rates but because they maintain one of the most transparent loan structures. On the lender’s website is a list of all the 30 states in which they maintain active presence alongside the minimum and maximum loan amounts in either. You will need to be in California to access their maximum payday loan of $3,400 with the least you can borrow from either state starting from $255. You nonetheless are allowed to extend the payday deadline to cover several months depending on the loan amounts and state laws. The loans are processed and approved within one business day but to qualify you will need to be a U.S permanent resident, above 18 years and have a regular source of income.


  • A straightforward loan application process
  • Overlooks your credit score in assessing your eligibility
  • Friendly and extended loan repayment periods


  • The maximum loan limits in some states-like Minnesota- can be painfully low
4. Earnin – up to $500 at 0% APR

Earnin is probably the friendliest payday loan service provider you will ever come across in a long time. Unlike most other payday lenders that maintain physical loan storefronts and online application platforms, Earnin is an app-based payday lender. It stands out from the rest of the industry given the fact that they don’t charge any interest on loans or any other processing fees. However, the maximum amounts you can borrow from the app-lender in a day is fixed at partly $100 while the maximum you can borrow in any given payday period stands at $500.


  • The only lender that doesn’t charge loan interest and processing fees
  • Speedy same day loan processing and approval
  • Less intrusive in loan application requirements


  • One may consider their $100 per day and $500 per payday day period relatively limiting and uncompetitive
5. CashAdvance.com – up to $1,000 at 391% APR

The minimum and maximum loan application amounts at Cashadvance.com stands at $100 and $1,000 respectively. And you will have a maximum of 1 month to pay the unsecured loan that takes between 1 and 2 business days to process. To apply for the loan you must be an employed permanent U.S resident with an after-tax salary income of not less than $1,000. You also must be above 18 years. But you don’t have to worry about your poor or bad credit score as the lender takes into account more than just your loan history when it comes to determining your eligibility for a payday loan.


  • You don’t need a stellar credit history or score to acquire a loan here
  • The broker presents your loan request to a large pool of lenders thus increasing your chances of landing more attractive loan terms
  • Readily available in more than 30 states across the country


  • Limited and fixed deadline repayment period of 30 days or next payday
6. Rise – up to $5,000 at 299% APR

Rise operates in over 17 states across the country and is best known for its relatively low APRs and low loan costs. The minimum and maximum payday loans you can borrow here stands at $500 and $5,000 respectively. Rise also helps you rebuild or build your credit score by sharing your loan repayment progress with the different credit bureaus. And successful and timely loan repayments earn you better rates in the future. To access this loan you will need to be a permanent US resident above 18 years and with an active salary or checking account.


  • Has some of the lowest interest and loan costs
  • Fast turnaround times in loan processing and approval
  • Helps you build and rebuild your credit score with different credit reference bureaus


  • The loan costs are relatively high compared to most other personal loans
7. Check ‘n Go – up to $865 at 390% APR

Check ‘n Go is revered for its superior customer support provided in its in-store loan fronts. Unlike most other payday lenders that have concentrated their operations online, check ‘n Go still believes in storefront loans and personal touch. This explains why most of their loans are processed and approved at their loan storefronts. This creates a great room for negotiation effectively explaining the relatively low interest rates and flexible repayment periods.


  • Provides the most personalized customer service
  • Relative attractive APRs and low associated loan costs


  • Limited reach as it is only available in only 23 states across the country
8. Lend You – up to $5,000 at 1386% APR

Lend You is best known for their relatively straightforward and first loan processing speeds. It also maintains some of the highest upper loan limits that currently stand at $5,000. To qualify for this loan however, you will need to be an employed permanent U.S resident and not a serving member of the armed forces. You also must be 18 years with an active checking account and a minimum after-tax income of $1,000. The application can be made within a few days online and the funds deposited into your bank account within a day.


  • Relatively attractive maximum loan limits
  • Fast loan application and processing speeds
  • You don’t need a stellar credit score to apply for loans with Lend You


  • One may consider their loan interests and APRs relatively high

How can you increase your chances of getting approved for payday loans with bad credit?

I. Only apply to loans you meet the qualifying criteria for

The surest way of maximizing the possibility of having your bad credit payday loan being approved is applying to loans that you qualify for. After settling on one or a host of payday loan providers, proceed to check their eligibility criteria and ensure that you qualify. This involves checking such factors as the minimum monthly salary and age requirements.

II. Pay off current loans

You will also want to first clear any other loans, payday or otherwise that you may be having with same or another credit service provider. Applying to multiple loans when you already have a bad credit history says volumes about your financial planning and this may scare off potential lenders.

III. Provide valid and updated information

Most online-based payday loan for bad credit service providers operate on a strict code of trust and transparency when it comes to customer verification. You might want to consider this when filling your registration details or turning in your loan application as simple discrepancies in what you provide and publicly available records may see you disqualified.

IV. Ensure you pass the identity verification and fraud checks

The bad credit payday loans provider may have mentioned that they won’t conduct a credit score check but this doesn’t mean that they don’t conduct a background search on you. They will first check with the publicly available voters register to confirm your identity. It is therefore imperative that you ensure that the details provided to the lender matches the publicly available records.

V. Check the lenders minimum and maximum loan amounts

Most payday lenders will always indicate the minimum and maximum loan amounts they can provide an individual with a bad credit score. Some will even specify the loan amounts available to first-time applicants.

Factors to consider before applying for a payday loan with bad credit:

  • APR: The Annual Percentage Rate of a loan takes into account the interest and other associated charges charged on a loan. You are better going for the payday loan lender with the lowest/most affordable APR.
  • Possibility of an extended repayment period: Theoretically, the payday loan is supposed to help carry you until the next payday at which time it should be paid in full. Some bad credit payday lenders are however empathetic to your situation and allow extended repayment periods where the loan is spread and paid during several paydays.
  • Credit score checking: If possible go for the ‘No-Credit Check’ payday loan providers. This is because every time a lender pulls your credit score record, they leave a digital footprint that other lenders may use to deny you loans especially if the case of multiple checks in a short period.
  • Reporting to the credit referencing bureaus: You should also only go for a bad credit payday lender who helps you build or rebuild your credit score. Ensure that they explicitly promise to share your stellar loan repayment record with the referencing bureaus.

Can I get a bad credit payday loan with no bank account?

While most payday lenders for bad credit require you to have a bank account, some of these payday lenders have the ability to approve payday loans with no bank account. Payday lenders for bad credit usually require you to submit a bank statement and provide a bank account for their security, however, you can still apply for a secured credit card and get a cash advance loan. Though those cash advance loans are quick and easy, they are much more expensive than a regular payday loan

Another solution to when it comes to no bank account payday loans is to apply for Prepaid card loans, which is is a short-term loan that is automatically installed to you on a prepaid debit card and can be useful if you don’t have a bank account.

Can I get a bad credit payday loan with no direct deposit?

Fortunately, payday loans for bad credit with no direct deposit are not impossible. There are ways to get an online payday loan without having to have your funds direct-deposited. The best option is to apply for a cash advance loan, which requires you to give the lender a check for the amount of money you want to borrow, without any direct deposit. Cash advance lenders will either hand you cash or will transfer the money into your prepaid debit card.

Bear in mind that cash advance loans are quite risky and much more expensive than the cash advance loans you would take out on your credit card.

Many payday lenders also provide a directly deposited loan into their customers’ employers bank account so another option is to ask your employer to enroll you in their direct deposit program.

Bottom line

A bad credit score should no longer be a hindrance to loan access, especially in the case of time-sensitive cash emergencies. The bad credit payday loan lenders are out to make this a reality by advancing loan services to different individuals irrespective of their current credit rating. When assessing your eligibility for payday loans, these brands look into more than just your credit score and credit history. Some don’t even pull out your credit record but still help you build a credit history if you don’t have one or rebuild a negative one by reporting your loan repayment progress to the credit reference bureaus, effectively helping you gain access to better loan services and high street lenders in future. Some of the upsides of these payday bad credit references are the fact they have some of the fastest loan application and processing services. But this is a double-edged sword seeing that without proper financial discipline, you will end up hooked onto these expensive loans –especially when you rely on them for non-emergencies.


What is a bad credit payday loan?

This refers to a short term loan service advanced to individuals with a bad credit score based on salary income. In most cases, the amount advanced is only a percentage of the individual’s monthly salary and is supposed to be paid back during the next payday.

Must I settle the full loan amount during the next payday?

In theory, YES. The bad credit payday loan should be paid back immediately the next salary check clears. However, most payday loan lenders have embraced more flexible payment terms and offer extended payday loan repayment periods based on the amounts advanced.

How long does it take for the payday loan to be approved and deposited into my account?

Different payday loans bad credit direct lenders have different approaches to loan processing. They, however, are faster than conventional banks and will almost always process all loan applications during the same day they were accepted and deposit cash into your account within minutes – average 15 minutes – of loan approval.

What are the maximum amounts I can get for a bad credit payday loan?

The maximum amounts you can get for a bad credit payday loans vary from one institution to another. Some have a solid limit to what they can advance a first-time applicant while others don’t. The bottom line to either is that if you are looking for higher loans, you must prove your ability to repay in the form of solid salary income and no other debt obligations.

Will my bad credit payday lender run a credit score check?

Check through the fine print of the bad credit lenders loan terms to see if they explicitly commit to not pulling out your credit score report. Note that this is different from the statement ‘we don’t just consider your credit score in determining your eligibility for a payday loan’ as most will still conduct a soft credit score check.

Can timely bad credit payday loan repayment help improve my credit score?

Yes. Note that even though most bad credit payday loan service providers will lay too much emphasis on your credit score when determining your eligibility, most will help you rebuild your bad score or build a new one if you don’t have any by sharing your loan and repayment information with the bureau.

What are the most common causes of bad credit?

A bad credit score is primarily as a result of two primary factors. Firstly, it can be as a result of past financial mistakes like delayed loan repayments or failure to repay altogether and that’s where rebuilding comes in as you are trying to salvage your already soiled borrowing habits. Secondly, it can be as a result of a lack of debt history. You are considered to have a bad credit score history if you have never borrowed loans and banks aren’t sure about your borrowing history and thus the term ‘building’ a credit score.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

Edith is an investment writer, trader, and personal finance coach specializing in investments advice around the fintech niche. Her fields of expertise include stocks, commodities, forex, indices, bonds, and cryptocurrency investments. She holds a Masters degree in Economics with years of experience as a banker-cum-investment analyst. She is currently the chief editor, learnbonds.com where she specializes in spotting investment opportunities in the emerging financial technology scene and coming up with practical strategies for their exploitation. She also helps her clients identify and take advantage of investment opportunities in the disruptive Fintech world.

HTML Snippets Powered By : XYZScripts.com