Loan Till Payday: Bad Credit Accepted

At ElcLoans we can help you find a small loan till payday, and the entire process can be completed easily online.

When you need to borrow money fast (especially to cover you until your next paycheck), it is often difficult finding lenders that are suitable. Banks and other providers prefer to offer large amounts over long periods of time and can take ages to finalize the paperwork.

If connected and approved by a lender the money could be in your account in as fast as one business day!

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Here's the lowdown on what you can borrow...

Cover Those Unexpected Expenses with a $100 - $1,000 Loan Till Payday

Loan till payday

Unlike traditional personal loans, payday loans are designed to function like an advance on your wages. In other words, you borrow a relatively small amount which you can easily repay when your next paycheck rolls around.

This is perfect for those unforeseen expenses and financial emergencies that throw a spanner in your monthly budget.

The lenders in our network offer flexible amounts between $100 and $1,000, meaning there's something suitable no matter what your income status or purpose for taking out the loan.

This is then conveniently repaid on or just after your next payday, or simply 30 days later.

Now you no longer have to turn to credit cards or bloated loan products to tide you over. What's more, as long as you make the repayment on the agreed upon date, there's only one single finance charge to pay - no confusion over interest rates!

The other benefit of using our service is that the whole process can be completed online when you have a spare hour - no waiting in lines or filling out pages of tedious paperwork.

Intrigued? Let's take a closer look at how it's done...

Save Time: Many Lenders, One Online Form

Struggling financially is a major stressor itself, without having to spend time shopping around and applying for multiple loan products. This is especially true if you have a less than stellar credit score.

Now, we do all the hard work for you!

ElcLoans is not a lender ourselves, rather we offer a helpful online matching service that takes your personal details and shares them with a large network of reputable lenders - each offering the kind of payday loan you need.

Once you've submitted your details we will quickly attempt to match you with one of these lenders and you'll know onscreen whether they're ready to make you an offer.

All you have to do is load our form with any internet connected device, and you can complete everything then and there. While you won't get 'instant approval', it's the fastest and most efficient option available and many satisfied users have been encouraged by the speed and simplicity of the process.

What's more, if you agree to a loan with one of our lenders they will aim to get you your money in as fast as one business day.

You don't get that kind of service at the bank or storefront lender!

If You Have an Income, You're Eligible

Forget about the hoops and red tape associated with traditional personal loans; if you're looking for a payday loan, there are only a few basic requirements:

  1. You have a stable source of income of at least $1,000 a month (not hard if you're employed).
  2. You are a legal US resident over the age of 18 years old, as minors are not allowed to borrow.
  3. You have a checking account where the lender can easily deposit your loan and take the repayment, so no time is wasted with checks or manual transfers.

It's as easy as that!

Bad Credit Applicants are Accepted

If you have bad credit you may be reluctant to apply for a loan as many lenders rely heavily on credit checks.

We understand and are here to help.

While the direct lenders in our network won't promise 'no credit check,' your application is never rejected solely based on your credit score.

After all, if you just need a cash till payday one of the most important factors is your employment status and monthly income.

These and many other factors are taken into account when a lender makes their assessment.

The good news is that if you are approved (many borrowers with poor credit are), you can use the loan to rebuild your credit score. The positive impact will be felt pretty quickly as your obligation will be complete within 30 days.

You may then find it easier to take out other credit and loan products.

Interest and Repayments Made Easy

Interest is always an important consideration when taking out a loan because it adds an extra cost on top of the amount you borrow. Fortunately, you don't have to worry about APR and monthly payments with a payday loan, as there's only one payment to make.

This includes the full principal and a single finance charge and is taken automatically from your designated bank account on the agreed upon date - usually on or just after your next payday.

You can learn more about what you might be charged on our helpful Rates and Fees page.

Furthermore, all lenders will provide you will a full copy of your loan terms prior to signing the contract. This allows you to check over what you might be charged, when the repayment will be taken, repercussions for failing to pay, and various other policies, terms, and conditions.

We advise you to read this carefully so you are fully aware of your obligation.

Of course, payday loans are fully regulated at the federal and state level and all of the lenders in our network are fully licensed. We also use the latest encryption technology to ensure all of your submitted data is secure and will never pass it on to third parties outside of lending partners.

At any time prior to digitally signing the agreement, you are free to walk away with no obligation. If you are matched, however, a soft search may be recorded on your credit report informing other lenders that you recently sought credit.

If you don't complete a lender's application you are free to re-apply at any time. You can also take out a second loan once the first one is repaid.

For more information about how payday loans work and what you can expect by connecting with our lenders, make sure to check out our How It Works and FAQ pages.

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Cash Till Payday Loan Alternatives

Although we provide a fast and easy service, cash till payday loans are not necessarily for everyone. If you are struggling with existing debt and your future paychecks are already intended to cover expenses and debt repayments, it would be wise to seek an alternative.

This might include:

Failure to repay a loan from one of our lenders may result in added fees and standard collection procedures, such as emails, letters, phone calls and doorstep visits, in order to recover what is owed. It will also have a negative impact on your credit score, making it more difficult to borrow in the future.

In some cases, you may be able to extend or renew your loan if you are unable to meet the original repayment date, but this is down to the discretion of the lender and may also be influenced by state regulations.

Get Started Right Away!

If you need a loan till payday, ElcLoans is ready to receive your details today - we take the hard work out of loan matching, by tapping youin to a network of more than 100 legitimate payday lenders!