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Payday Loans Near Me: Bad Credit Accepted (Fast Approval)
If you're searching for "payday loans near me", you're probably in need of fast financial help.
The good news is you can apply for a payday loan from almost anywhere in the United States and if approved, the cash could be in your account the next working day!
Online Payday Loans Make Borrowing Easy
There was a time when if you needed a cash advance, you would have to go to a store front lender near you and fill out their paperwork. Today, you can do it online from any computer or mobile device with a browser.
Your nearest payday loan provider is no longer the fastest!
Our loan request tool can tap you in to a network of over 100 licensed direct lenders, who serve all states where payday lending is permitted.
If you sign for a loan online and get approved, the lender will begin the deposit process right away and you could have cash in your account the very next day during the working week.
Why Payday Loans?
Payday loans are an ideal solution for those that need quick cash but don't have access to a credit card or other funding sources. Due to less stringent requirements, they also provide that much needed second chance for those that have been rejected by the bank or other large lenders.
Whether you have gone over your monthly budget, need to make a one-off purchase, or are facing an unexpected bill, a payday loan is perfect for bridging the gap until you next get paid.
What's more, applying online instead of using your nearest payday loan store is much easier...
Top Benefits If You Apply Online
Online payday lenders are open now, regardless of your location, and you don't even have to leave your house. Let's take a closer look at all the benefits of using our service...
1. More Convenient than the Store or Bank
If you're only searching for payday loans near you, you're missing out. The lenders in our network are based in locations all over the US, but you don't have to go to their physical store front to fill out an application. It's a huge time saver!
By using our single loan request tool, you can pass your details through a network of multiple payday and installment lenders with a few taps or a screen or mouse.
No physical paperwork, no waiting in line or talking to lenders face to face, and you can reach multiple lenders with one simple form - what could more convenient than that?
2. Protect Your Credit Score
When you use our tool, we will attempt to connect you with one of over 100 lenders in a matter of minutes. This protects your credit score from the multiple searches and applications when applying individually.
You are free to close the application with no obligation at any point before signing the digital contract, however if you have gotten to the stage of a credit check, this could have a temporary impact on your credit rating. If you changed your mind, you are free to use our tool and apply again with a lender at any time.
Successfully repaying a payday loan on the agreed-upon date will have a positive impact on your credit score, and because it is such a short-term commitment, it is a great way for you to rebuild your credit.
3. Apply with Bad Credit
Having a poor credit score is not an automatic barrier to applying for a payday loan online. While we cannot claim no credit check, the lenders in our network take in to account all of the information you submit and won't make their decision based solely on your credit score.
Note: To stand the best chance of approval you should have a stable source of income of at least $1,000 and not have existing debts taking up your budget. People with bad credit have routinely been approved by our lenders.
4. Fast and Secure Process
The online process couldn't be easier - select the amount you wish to borrow and provide your basic personal information, wait just a couple of minutes to see if we have connected you with a lender, and then you will only have a few extra bits of information to complete on the lender's page.
You will know if you have been approved on screen, and as soon as you sign the digital agreement, the deposit process will begin. Most people will see the funds in their bank account within one working day.
We use the latest encryption technology and never pass on or sell your details to third parties outside our lender network!
5. Automated Deposits and Repayments
Because you provide your bank details during the application process, the deposit and repayment process is fast and easy. You don't have to write a check or perform a manual transfer because the funds will automatically leave your account on the agreed upon date.
Of course, you must ensure that you have enough in your account to cover the repayment, but this shouldn't be a problem if you have a regular income.
Note: Failure to repay on time may result in added fees and failure to repay at all could result in collection proceedings.
6. No Hidden Fees or Misleading Language
Payday lending has at times received bad press because of certain unscrupulous lenders and websites. We and our lenders promise to never use misleading language and there will never be any hidden fees or terms.
Having been in the industry a long time we encourage you to avoid websites that make false statements like guaranteed approval, instant approval, or no credit check.
Our service is fast and convenient, and you can apply with poor credit, but there is no such thing as getting a guaranteed loan or not having some kind of check to assess your financial situation.
How "Payday Loan Near Me" Services Work
Payday loans are an ideal solution for those that need to borrow a relatively small amount of money to cover expenses or other purchases until they next get paid. This is why they are sometimes called an advance, because it's a bit like an advance on your wages.
Unlike regular installment loans, a payday loan is repaid in one lump sum no more than 30 days after it is issued - usually on or just after your next pay check.
Perhaps your car needs to be fixed so you can get to work, an unexpected utility bill is due, or you need to get the kids school supplies - a payday loan has got you covered.
Flexible Short Term Loans
Our direct lenders recognize that everyone's situation is different and that's why they can offer a variety of amounts with terms that best suit you.
Because we are not a lender ourselves we cannot tell you what your interest rate will be, however, it could probably be a competitive rate that you can afford based on the information you submit in your application.
Despite a lot of negative press, in many states the maximum amount of interest you can be charged is regulated to prevent you spiralling in to further debt.
The good news is that because payday loans are repaid in one lump sum, there is no confusion about how much interest you will pay. It is a single fee on top of the loan itself that will be displayed to you before you even sign the contract.
Note: Whether you can extend or renew your payday loan is at the discretion of the lender and may be regulated by state law.
Legalities and Requirements
Payday lending is legal online in most US states and all the lenders in our network are fully licensed and operate within the appropriate federal and state laws.
Even though it is very easy to apply, online payday loans are still an important financial obligation and carry all the same risks and repercussions as the traditional store front lender that's closest to your location.
It is important that you fully read our site and understand the process before committing with a lender.
Note: The only places where payday lending is prohibited or very heavily regulated are Arizona, New Mexico, Arkansas, Georgia, North Carolina, West Virginia, Maryland, New Jersey, Pennsylvania, New York, Vermont, Massachusetts, and Connecticut.
If you reside in these states you may not be able to get a payday loan, but there might be an installment loan or other option that can be similarly beneficial.
Open to all US Adults
To use our tool and apply with a lender, you must be:
- A legal US resident with a fixed address where you can be contacted. You cannot borrow from outside the United States.
- At least 18 years of age, as it is only legal to lend to adults.
- In possession of basic savings or checking account in your name and in good standing, where the loan can be deposited and repayment taken.
- Employed, self-employed or otherwise receiving a stable income of at least $1,000 per month to ensure the loan can be paid back.
As long as you can meet these basic requirements you can get started right away!
Can I Apply with No Bank Account?
The only downside to online payday loans is lenders cannot give you physical cash and thus you cannot apply if you do not have a bank account. However, everyone is entitled to a bank account in the United States and you can quickly set one up online or in person in a maximum of a couple of hours. There are also payday loans that accept savings accounts.
Can I Have More Than One Payday Loan?
Generally speaking you are only permitted to have one payday loan at a time, so you do not spiral in to debt, however each lender may have their own policy regarding multiple payday loans or taking out a second one as soon as you've paid off the first.
In some cases, you may need to wait for a period of time after paying off your first payday loan before taking out another.
Additionally, certain states have regulations covering the number of loans you are allowed to hold at any one time.
Are You Ready?
Online payday loans are one of the fastest methods of getting money in an emergency. Our loan request tool streamlines the process even further and protects your credit rating.
If you have been searching for "payday loans near me" and are tired of looking for your nearest payday loan provider, simply submit your details online and you could see the funds in your account tomorrow!
Thank you for using ElcLoans.
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