When youâre in the middle of a financial crisis and you have bad credit, itâs easy to feel as if there are no other options available to you.
Itâs during times such as these, though, when an online payday loan can give you the help you need to pull yourself out of a rut. Whether its medical fees, transportation, or a diy project, payday loans have your back.
And the best part is that with payday loans, bad credit wonât immediately disqualify you.
In this article, weâve listed the best guaranteed approval payday loans for bad credit, and weâve included helpful tips for choosing the best lender for you.
What We Looked For In Guaranteed Approval Payday Loans
When reviewing the best guaranteed approval payday loans for bad credit, we took many different factors into account.
First and foremost, it mattered to us that the payday loans we chose donât include any hidden fees or extra charges. None of these platforms charge any service fees, so you only pay what you have to.
Next, we kept an eye out for short transfer times, since we know itâs important that you get the funds you need in as quick a wait as possible.
We also took into account each companyâs security & privacy policies to ensure that your personal information is kept safe.
Lastly, we understand that payday loans are often needed most by those who donât have good credit, so we made sure to stick with platforms that consider more than your credit score when considering your application.
Best Online Payday Loans For Bad Credit
1.) Honest Loans
4.) Dollar Loan Club
HonestLoans is one of the more vast marketplaces for those in search of a loan, and will even offer up to $50,000 depending on the lender.
Once you fill out & submit your application to HonestLoans, your information will be shared with a network of lenders that might be compatible with your needs and you can expect an offer in as little as 24 hours.
Here are some prominent features of Honest Loans to help you decide if the services they provide are suitable for you: No Credit Check
One of the pros from HonestLoans is that your credit score wonât ruin your chance of taking out a loan, and even those with bad credit are still eligible to apply. Of course, itâs important to understand that your credit score can affect your APR.
Terms & Limits
The terms, limits and fees issued by the provider are directly related to the APR charged by the provider. It canât be given by HonestLoans because itâs not a direct lender, instead they work with over 1,000 lenders looking to loan immediately.
A few different factors have an impact on what APR the lender might charge, such as the loan amount, credit score, and payment timing.
HonestLoans is clear about the way they function as a lead generation service, and that lenders pay them to gain info about prospective borrowers.
According to the site, itâs not known which companies will purchase the leads, but you may come into contact with companies youâre not acquainted with.
- Quick application process
- Lots of different loans
- Bad credit is not held against you
- Large lender network
- Not a direct lender (works with over 1,000 lenders!)
- 7 US states are excluded from this service
Funding Amounts- $500-$50,000 Time Frame- 24 hours
GetFundsQuickly is one of the quickest and easiest ways to get help in a bind, and it can help pay for all sorts of emergencies, like rent, utility bills, car expenses, and medical expenses. And with automated repayment, GetFundsQuickly can help you prevent late fees, overdraft charges and other penalties.
Here are some of the factors that make GetFundsQuickly stand out:
Wide Borrow Range Loan amounts vary from $100-$50,000, but the official amount for each lender is determined by the provided information and any available payment history.
Easy & Fast Application
Typically, an online application form from GetFundsQuickly will take as little as 5 minutes. This is because itâs integrated with many lenders, which speed up the online decision of your loan request approval.
With the assistance of GetFundsQuickly, you wonât have to wait hours, days, or weeks to get your funds. Instead, the online application process is free, fast and easy, not to mention private and secure.
All Credit History Accepted
It doesnât matter if you have a poor credit history, have filed for bankruptcy or bounced checks. GetFundsQuickly will make sure youâre connected to a willing lender.
$50,000 Next Day
GetFundsQuickly is fantastic at connecting lenders with borrowers, enabling them to get up to 50K dollars as soon as the next business day. As soon as your application is successfully confirmed and the loan request is officially approved, you can expect funds in your bank account as soon as the next business day.
- Funds as much as $50,000
- All credit history accepted
- quick, painless application process
- Terms & APR must be reviewed on lenderâs site
Funding Amounts â $100 â $2,500 Time Frame â 24 hours
iCashLoans.co, takes the work of finding & applying for a loan and combines it into a process thatâs easy and straightforward to understand. After completing a quick form on their site, youâll get connected with lenders who can provide you with the funds you need. There are no hidden fees ever, and theyâll never ask why you need the funds requested.
Here are some of the prominent qualities of iCashLoans:
No Questions Asked
iCashLoans recognizes that personal loans are a private matter, and the reason for applying for one can greatly vary. Whether itâs for an unexpected car repair or a much-needed family getaway, thereâs no reason to need funds that iCashLoans will turn you away for.
Streamlined Lender Connection
In just minutes, you can expect to get connected with a lender thatâs willing to work with you and fits your needs.
When you set up automated repayments, you can avoid late fees and possible penalties.
- Wonât harm your credit
- Fast funding
- Get connected to a lender quickly
- Not a direct lender
- APRs can be high
- Lenders vary a lot
Dollar Loan Club has partnered with over hundreds of lenders, and theyâre able to offer their customers a wide range of options.
Applicants for Dollar Loan Club must be a United States citizen over 18 years of age, and they must be employed at their current job for at least 90 days.
Applicants must also have around $1000 a month after income taxes.
Typically, you can acquire a loan between $100 and $5000, which is directly deposited into your bank accountâin some cases as quickly as the next day.
And with their Fast Lender-Approval Process, itâs especially helpful in times of financial hardship.
Here are some of the points that make Dollar Loan Club stand out:
Security & Privacy
Dollar Loan Club uses 256-bit SSL encryption while handling your data, so all your private information is kept securely in an encrypted format.
Quick Lender Connection
DollarLoanClub prides itself for connecting applicants to lenders quickly. When using Dollar Loan Club, you fill out a short form before getting connected with one of their 100+ partnered lenders. After your submission, you may be redirected to the lenderâs site to review loanâs terms.
Speedy Inquiry Process
Thanks to their tech security, Dollar Loan Club can find a lender within their network thatâll work for you based on the info you submit. Once theyâve selected a lender thatâs ready to work with you, the lender will get in touch with you over any additional information they might need.
If you choose to authorize automatic withdrawals, you can have your loan payments paid directly out of your bank account, so you can rest easy without worrying about late fees or missing a payment.
Pros: Loans from 0-$5000 Get connected with a lender quickly Funds as quick as the next day Secure technology Cons: New site with few reviews
Factors to Consider When Picking a Website to get a Payday Loan
Terms and Conditions
Privacy and Security
Applying for a Loan With Bad Credit? Hereâs How
See if You Prequalify
Budget, Budget, Budget
Prepare Your Documents
Consider Co-Signing as an Option
Once your applicationâs been submitted, it can take anywhere from 1-7 business days for it to be reviewed and assessed by a lender. This process will likely involve a hard credit inquiry, which will have a temporary negative effect. However, you can bounce back over time, and possibly even build credit in the long run (more on this later).
So You Got Your Loanâ¦Now What?
Will Personal Loans Help My Credit?
Personal loans can also diversify your credit. But if you wish to take it further, a truly diverse credit history will have both installment credit and revolving credit.
#1 Guaranteed Approval Payday Loans for Bad Credit