Paydaytx can help you get a payday loan online for people with bad credit. We offer guaranteed instant approval payday loans within 24 hours. We are your fast, secure & reliable lending partner.
Depending on instant cash needs, people with no credit or bad credit can opt for several borrowing options such as short-term loans, installment loans or title loans. Bad credit is not the only factor, which is considered while evaluating loan requests, that’s why people with bad credit score can still receive approval for instant cash loans. We connect applicants with the network of payday lenders who offer the best loan options for everyone having every type of credit rating.
No Hard Credit Checks
When consumers need emergency cash to deal with unexpected life situations, then the credit checks should not become the problem. It is true that every lender performs some type of background check, but that is not to create hinderance between the borrower and the cash advance. Hence, no hard credit checks are run so the applicants do not need to worry about their loan application approval.
Quick Processing Time
At paydaytx.com, we promise quick processing time at every step of the borrowing process, from loan application submission to depositing the funds in the borrower’s bank account. It takes just few minutes to submit online application form with just basic personal details. Then it takes just an hour to give the approval decision followed by depositing requested loan amount within two business days. That’s why they are also known as 1 hour payday loans no credit check.
Though with availability of online short term cash advance, it is even possible for borrowers with a bad or poor credit history to get loan approval without needing to use an asset as security. Moreover, payday lenders offer unsecured borrowing that means borrowers are not required to directly put any personal property at risk.
Easy Access to Everyone
Bad credit loans are easily accessible to anyone in any situation as it is feasible for everyone to meet the basic eligibility criteria because it is very simple. If the applicant is US citizen and 18 years old, has income proof and checking account, he/she is eligible to apply for these loans and the loan approval is guaranteed. Moreover, these loans do not require any employment verification. Furthermore, their simple application process makes the easily accessible to everyone.
Early Repayments Can Reduce Overall Loan Payment
Many lenders send payment reminders to the borrowers via text or email. It helps the borrowers to maintain account balance to cover the automatic payments using a continuous payment authority. If possible, the borrower can also check with the lender to make early payments before committing a credit agreement. It would lower down the over all amount to be paid to the lender.
There is a 14-day Cooling-off Period
With all other forms of borrowing falling under the Consumer Credit Act 1974, payday loans come with a 14-day cooling-off period. It states that the borrowers are entitled to cancel the agreement within 14 days if they change their mind about borrowing. If the cancellation occurs, the borrower still needs to repay the loan amount and any interest rates accrued however the lender would have to refund any fees or charges paid by the applicant.
Apart from above mentioned features, the one thing that keeps them standing tall as compared to traditional loan amounts is that they are available 24X7 hours outside traditional business hours. Their online availability provides the opportunity to the borrowers to borrow money at any time according to their needs. Also, it allows the borrowers to manage loan 24/7, making repayments or checking loan balance as often as they like.
So, don’t worry about your credit score and apply for payday loan online now to handle any emergency financial situation.