Payday Loans For Bad Credit

Most lenders require you to have an excellent credit history to get a loan. However, if you have bad credit, it may feel impossible to get one. One of the most popular types of loans is a payday loan. Even if you have a bad credit score, there are options available to get a payday loan online.

Our team of experts gathered the ultimate list of payday loans that suit a variety of borrowers, regardless of your credit score and history. If you are ready to find the most affordable loan for your situation, keep reading this article to learn everything you need to know.


  • $100 – $3,000
  • Fast funding
  • Easy application

Ace Cash Express Payday Loan

  • $50 – $2,000
  • All FICO scores welcome
  • Up to 24 months to pay

If you’re interested in learning more about bad credit loans, you’ve come to the right place. Read on to learn more about our top picks for payday loans for bad credit, as well as additional information that will serve you well as you search for help with a low credit report. All is not lost, even with a low credit score.

What Are Payday Loans For Bad Credit?

A payday loan is a way to secure money fast. With this type of loan, you can borrow a small amount of money that will tide you over until your next paycheck. Payday loans require you to pay back the money when you receive your next paycheck.

Payday loans differ from installment loans because you don’t pay them off in multiple payments. You’ll need to pay it much faster, which can be a problem for some people.

If you have bad credit and need money fast, you may enjoy the speed a payday loan provides. This loan is one of the best for those with a poor credit history because many lenders ignore low credit scores, unlike other companies that provide online installment loans.

How Do Payday Loans Work?

A payday loan is a short-term loan agreement, rather than one that lasts for years. Installment loans are considered long-term loans. It’s possible to get a payday loan online or through a local bank.

There are various laws surrounding payday loans in different states. Some states have limits on the money you can borrow and others don’t allow anyone to take advantage of a payday loan at all. It’s critical to consider these laws before you look into a version of this loan for yourself.

If you apply for a payday loan, you usually need to fill out a loan application. If they approve it, you will receive money in your bank account. This item comes with a finance charge, which can often be 400% APR due to the short turnaround time of the payday loan.

You will need to repay the loan within about two weeks. Lots of people every year take one out thanks to how easy it is. According to, “roughly 2.5 million American households take out payday loans a year.”

Despite the finance charge, many people get payday loans because they have a low credit score or minimal income. This factor makes it impossible for them to get quality personal loans. A payday loan is a simple and quick way to achieve loan approval.

Are Payday Loans Secure Or Unsecured?

There are secured loans and unsecured loans in the world. A secured loan means the borrower provides collateral to the lender as proof they will pay back the loan. An unsecured loan does not offer any collateral to the lender.

A payday loan is an unsecured loan. This classification is why the finance charge can be so high — lenders want to ensure they get paid back, despite the poor credit score of the borrower.

Unsecured loans typically don’t offer as much money to bad credit borrowers. They also have much higher interest rates. However, unsecured loans like payday loans work well for those who don’t have anything fancy, such as a house or car, to offer as collateral.

Payday loans are risky bets, which can lead to a lot of trouble for some individuals. Thanks to the controversy, many states have made payday loans illegal. Let’s talk about where this emergency cash fund is legal or illegal in the United States.

Here are the states where payday loans are illegal:

  • Arizona
  • Arkansas
  • Connecticut
  • Georgia
  • Maryland
  • Massachusetts
  • New Jersey
  • New York
  • Maryland
  • North Carolina
  • Pennsylvania
  • Vermont
  • West Virginia
  • District of Columbia

You can’t get fast emergency loans here.

The rest of the thirty-seven states make this cash advance legal. Here are a few of them:

  • Alabama
  • Colorado
  • California
  • Illinois
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Ohio
  • Tennessee
  • Texas

You will find payday loans here.

The states that permit payday loans have different statutes and regulations surrounding quick payday loans online and in-person. They are attempting to limit ways people can pull themselves into debt with loan payments.

Despite the risk an online payday loan brings, there are many benefits. Those with poor credit scores in states where it’s legal can enjoy quick funding within a business day of their application submission.

Can Payday Loan Debt Receive Forgiveness?

It may seem like a payday loan is easy to pay back. After all, you just need to hand over the money on your next payday. However, many people can’t afford to pay the money back and find themselves in debt with their payday lenders.

If you find yourself in debt, you may seek loan forgiveness. Is it possible to receive forgiveness for debt on such a small amount of loan money?

There are two ways to receive payday loan debt forgiveness:

●       Bankruptcy

●       Debt settlement

These can wipe the loan debt clean.

A debt settlement means speaking with your lender and attempting to get them to allow you to pay less than what you owe. If you can’t succeed in this area, you may benefit from filing for bankruptcy. Both are legal methods for getting out of your tough situation.

How Much Can I Get With A Payday Loan?

We’ve talked about the legality of a payday loan and a few additional specifics that come with the loan application. What about the money? How much can you get with a payday loan online? Is there a limit to what you can get with a low minimum credit score?

Most payday loans are about $350. However, some can be as low as $50 and go as high as $1,000. The amount depends on the lender and how your credit history sits when the lender examines your application.

The amount you borrow should depend on your payday. Do you expect to make enough in two weeks to cover the loan? If the answer is no, you should borrow less money instead of more money.

Why Would A Person Use A Payday Loan?

A payday loan is typically lower than installment loans and other personal loans. It might not make sense — why would a person with bad credit borrow such little money? There are many practical uses for a payday loan in the average life.

Here are a few ways a person would use a payday loan in their life:

●       Car payments

●       Credit card payments

●       Medical bills

●       Mortgage payments

●       Food

●       Utilities

●       Rent

The quick money can cover critical expenses.

There are many reasons for loan requests from short-term direct lenders. People have monthly bills they need to cover, and a payday loan amount can appear fast in a bank account. Such loans come in handy for unexpected needs.

How Do I Get A Payday Loan?

If you want to get a payday loan, the process is relatively simple. You need to locate a quality lender, online or in-person. You then need to fill out any information they require of you and apply for funds. From there, all you need to do is wait for the approval and look for the money to appear in your account or mailbox.

Here are a few of the basic requirements for a payday loan:

●       You need to be at least eighteen years old

●       You need to have an active checking account

●       You need to have proof of income

●       You need to have a valid way to prove your identification

These items prove you are a real person who has a way to earn money and pay a loan, even with a poor credit report.

If you meet all these standards, you shouldn’t have much trouble finding a payday loan. The trickiest part is locating a quality payday loan for individuals with bad credit. We have a few online lenders in mind that may serve you well.

Best Online Payday Loans For Bad Credit

If you want a short-term loan, you need to find a reputable lender that will lend you money even with a bad credit history. It can be daunting to sort through all the options on the internet. Luckily, we have a few selections we think stand out from the rest of the crowd.

Here are our top picks for online payday loans for bad credit:


●       Ace Cash Express

●       CheckIntoCa$h

●       MaxLend

These four companies have an excellent history with borrowers.

Let’s talk more about each of these companies to give you a better idea of what to expect with bad credit loan options. These companies all accept bad credit borrowers and want to help you get the most money for all your needs in life.

The more you know about each company, the better you’ll be able to determine which has the best payday loans.


Cash Advance is an excellent place to find a payday or short-term loan. They have experience providing people with cash fast, making Cash Advance a practical selection for people who need funding right away. They pride themselves on being safe and secure and having an application that is easy for anyone to fill out.

Here are a few guarantees made by the company:

●       Every loan is high-grade and secure

●       Your information goes to multiple lenders who can provide you with the money you need

●       You can submit a request for a loan from the comfort of your home

●       They have lots of resources to help you determine if the company is for you

You get all of these through Cash Advance.

It’s critical to note that Cash Advance is not a direct lender. Instead, they work to connect borrowers in need of money with direct lenders who can provide them with assistance. The APR will shift depending on the lender you choose. It’s quick and easy to get money through Cash Advance. Payday loan

  • Safe & Secure
  • Easy Online Form
  • Your information is shown to multiple lenders who can choose whether to offer you a loan.

Ace Cash Express

Ace Cash Express is an ideal choice because they have many loan options. You can secure a payday loan through the company, but you can also get an installment loan if you change your mind. They take convenience to the next level and make it simpler than ever to achieve the assistance you need.

This company offers online payday loans in a couple of states:

●       California

●       Idaho

●       Kansas

●       Louisiana

●       Minnesota

●       Texas

You can easily apply for loans in these states online.

The company also offers in-store payday loans. You can find them in California, Florida, Indiana, Kansas, Louisiana, Minnesota, Missouri, Oregon, South Carolina, and Tennessee.

The payday loan APR varies based on the length of the loan. Two-week loans typically have an APR of around 400%, while four-week loans are about half that number. Ace Cash Express is excellent because they offer longer payment periods for their payday loans. It’s a little safer to take out money with Ace Cash Express on your side.

Ace Cash Express Payday Loan

  • $50 – $2,000
  • All FICO scores welcome
  • Up to 24 months to pay


CheckIntoCa$h offers many different loan options, from payday loans to title loans. The service works to find you a loan that is fast and convenient so you can pay for anything you might need quickly. They have online and in-person locations to make the process as simple as possible.

Here are the steps for getting money with CheckIntoCa$h:

●       Start the application online

●       Provide necessary paperwork to give needed proof

●       Wait for the cash if you are approved for the loan

It’s that easy to achieve money with CheckIntoCa$h.

The amount of money you can receive may vary based on the state. There are locations across the country and online to help you receive the money as fast as possible. They have excellent reviews and are one of the best places to go if you are interested in a payday loan, even with bad credit.



MaxLend is the last lender option we will discuss for payday loans online. They provide payday loans and short-term installment loans for those who need a little bit of assistance. You can get up to $3,000 in your account in as little as a day with MaxLend. Anyone can apply, from those with good credit to bad credit.

Here’s the process for applying with MaxLend:

●       Fill out the secure online application

●       Wait for approval

●       If approved, a customer service rep will call and verify who you are

●       Once approved, wait for an email copy of your application to come to you

●       Wait for the money to hit your bank account

It’s not difficult to acquire a loan with this company.

MaxLend has many options for borrowers. However, it’s critical to note that their APR can go up to 800%. Take care when selecting your loan to ensure you can afford the APR. Look at non-loan options first.


  • $100 – $3,000
  • Fast funding
  • Easy application

What Are Payday Loan Interest Rates?

Interest rates are a critical item to consider if you’re taking out a payday loan. Payday loans typically have a higher interest rate than other options because they need to be repaid in a short period.

On average, payday lenders charge about $15-$20 for every $100 borrowed. You will find that APR rates are high — often rates average 400% – 500%. Many people fall victim to high APR they don’t consider before taking out a payday loan.

You will find lower rates on other loan types. Unfortunately, many lenders will not offer loans with lower interest rates to those who have bad credit. If you want a payday loan for fast money, you need to be ready to handle the high-interest rates that come with them.

What Are Some
To Payday Loans?

Payday loans require risk. If you don’t want to take on a high APR and a quick turnaround time for repayment, you should look for an alternative. We have a few suggestions for those who want to try something else instead of borrowing money from an online lender.

Here are a few alternatives to payday loans:

●       Payment plans

●       Credit counseling

●       Home equity

●       Personal loans

These come out on top.

There are many alternatives to payday loans. Let’s talk about a few of the choices you have to determine if a payday loan or an alternative is the right choice for you. There are many things to consider if you need additional money and have bad credit.

Payment Plans

Before taking out a loan, you should take a look at your current finances and see if there are any ways to cut down on your spending. Are there items you are spending money on that you don’t need in your life?

Here are a few expenses to look at:

●       Subscription services

●       Shoes and clothes

●       Eating out

These might seem like small things, but they can make a big difference in your financial life.

You can also work with a credit card issuer to see if they can reduce the payments on any credit card debt you might have. Many are willing to negotiate with borrowers.

Write down your expenses and make a plan. You may find that it’s possible to save enough money to cover what you would have used the loan for in your life. This method is more practical for many people and allows you to avoid the additional interest and fees that come with a payday loan.

Credit Counseling

Credit counseling is another way to handle your money instead of taking out a risky payday loan. You can work with a nonprofit credit counseling agency, which provides a credit counselor. This person can help you create a debt management plan and determine terms that will make it much easier to repay any debt you might have.

Credit counselors can be an invaluable addition to your life. They can assist you by getting tips and tools for the repayment process, creating a budget, and giving resources and education to get your life back on track. These services are often free or have a very low fee to use them.

Credit counseling is excellent if you’re determined to get back on track but need a little help. This assistance requires much less risk than taking out a payday loan for your needs.

Home Equity

It’s possible to tap into your home equity instead of taking out a payday loan. You may be able to get a low-interest and tax-deductible line of credit if you have a steady source of income and can prove that to a lender. You will find bout 4% interest rates for a line of credit on a home.

It’s critical to be careful if you decide to tap into home equity. It can be riskier than a payday loan if you can’t make the payments on time. Failing to make payments could result in the loss of your home in the worst case.

You should only use home equity if you are certain you can repay the additional loan on the house. Otherwise, go with a different option to earn money with a low minimum credit score.

Personal Loan

A personal loan could also be a better option if you want something other than a payday loan. They can be beneficial if you need money for something specific, rather than a general purpose. Many financial institutions can provide a personal loan for less money than a payday loan, so it’s critical to keep it in mind.

You can find brick-and-mortar locations for your loan or get one online. Although many companies require a higher credit score, other companies will accept those with bad credit scores. However, note that you may be subject to a higher interest rate if you have a really low score. They need to ensure they can get their money back at the end of the day.

What Are Payday Loan Interest Rates?

Interest rates are a critical item to consider if you’re taking out a payday loan. Payday loans typically have a higher interest rate than other options because they need to be repaid in a short period.

On average, payday lenders charge about $15-$20 for every $100 borrowed. You will find that APR rates are high — often rates average 400% – 500%. Many people fall victim to high APR they don’t consider before taking out a payday loan.

You will find lower rates on other loan types. Unfortunately, many lenders will not offer loans with lower interest rates to those who have bad credit. If you want a payday loan for fast money, you need to be ready to handle the high-interest rates that come with them.

Can I Get Money Fast Without A Loan?

Some people may need money right away but don’t want to take a loan. There’s no time to waste. Is it possible to get money fast without borrowing cash, or is a payday loan the only way to earn instant cash for your needs?

Here are a few of the best ways to get money fast without a loan:

●       Selling items

●       Babysitting

●       Taking on a job

These are excellent ways to earn extra money.

Let’s talk more about each of these items to help determine if any are practical for your life. A payday loan may be an option to get money, but you need to pay it back. These methods deliver money without an APR attached.

Sell Items

One way to earn money fast without a loan is to sell items. You can look around your house and determine if there are any things you don’t want, then sell them off to interested parties. Your bank account will grow without taking out a loan that comes with a high APR repayment cost.

Here are a few items with good resale values:

●       Technology

●       Collectibles

●       Clothes

●       Shoes

People may pay a high price for these items in good condition.

You can host a garage sale or put the items online for other people to see. Sites like eBay, Craigslist, and Etsy make it simple to put your items on the market for other people to see. The more items you sell, the more money you can make. Yard sales are perhaps the most efficient ways to bring in money without borrowing money through bad credit lenders.


Babysitting might seem like a job reserved for teenagers, but anyone can offer kid-watching services to a friend. If you know a family that may need assistance with their kids for a date night, you can ask if they need a babysitter for the evening. If they say yes, you can easily earn some money and help people at the same time.

You can even offer your babysitting services to animals. Many people go on vacation and have pets they don’t want to leave behind. You can watch their animals, walk them, and feed them as needed.

Many people also appreciate house sitters when they are gone. Having a trusted person in the home will help the home look occupied and ensure everything is in working order until the owners get back. You can be there to call for help if something goes wrong.

Ask friends if they need any of these services. If they do, you can help them out and enjoy additional money in your pocket without the help of an unsecured loan.


You can also get a temporary job if you want to make additional money. If you don’t have a job, that might mean taking on your first job. If you already have a career, it might mean adding a few more hours of work to your day.

Here are a few of the best industries to work in if you want a little more cash on the side:

●       Fast food

●       Restaraunt

●       Customer service

●       Cashiers

These locations always need people and can offer fast money to their workers.

Of course, some people may not have time to apply for a job and work a few days to get some money. Taking on an extra job is ideal if you have at least a few weeks to earn money before you need to pay off a loan. Before you consider the best payday loans, determine if a side job is a practical choice for your life.

Final Thoughts

If you have bad credit, one of the most popular loan options is the payday loan. This option provides a small loan fast, attached to a financial cost of around 400% of the original loan. Most payday loans need to be paid back within one to two weeks of the loan, a typical payday schedule for most jobs.

Online payday loans are an excellent choice if you have bad credit. We talked about a few of the best payday lenders that will loan you what you need, even for people with bad credit scores. There are also a few options if you don’t want to borrow money through a payday loan. You can sell items, get a job, and even offer babysitting services to those who need them.

Frequently Asked Questions About Loans For Bad Credit

For those with bad credit scores, it’s critical to determine the loans available for the best results. Some loans are more practical to achieve as they have a much lower minimum credit requirement than other options out there.

Here are the easiest loans to get with a bad credit score:

●       Secured loans

●       Co-signed loans

●       Joint loans

Many lenders are more likely to hand these out, as they are lower risk and they can still get money from the borrower.

You are more likely to get a loan if you are going in on it with someone else or if you have collateral to back up the money you borrow. A lender is more likely to give you cash if there are more ways for them to get money back, even if things go wrong.

It’s possible to get a cash loan with a 500 credit score. However, you may be limited to a few types of bad credit loans on the market. Companies won’t offer anything too valuable if you don’t have a history of paying others back on time. They want to ensure they can profit.

Here are a few types of loans you can get with a 500 credit score:

●       Payday loans

●       Title loans

●       Personal installment loans

These require less risk on the part of the lender.

If you have a 500 credit score, there’s no need to fret. There are still options available for you. Still, you should attempt to improve your credit score as soon as possible. The higher the score, the more money you can secure from credible lenders on the market.

If you need emergency cash, you need money right away. If you are interested in getting money as soon as possible, it can help to know what loans and opportunities provide a way to get money almost immediately.

Here are a few of the best ways to instantly borrow money:

●       Payday loans

●       Cash advances

●       Pawn shop loans

These items will provide money right away.

Most loans that offer money immediately have a catch. They typically have high-interest rates or the requirement of collateral to ensure the lender gets their money back when all is said and done. Take care when borrowing money instantly — you may need to pay back much more than you borrowed in the first place.

It might feel impossible to get one of the online loans if you have a low credit rating. Luckily, there are plenty of ways to get additional cash in your pocket, even with credit difficulties. Most lenders have an online presence and are free to access whenever you need them.

There are also many services online that work to connect you with lenders on the market. Bad credit loan providers ensure you can talk to lenders that don’t care about your low credit score. They may even be able to help you build up your credit history for future investments.

There are many places online that can offer online loans for bad credit. We have several recommendations if you want the best for your future.

Here are some of the top companies that offer loans for bad credit:


●       Ace Cash Express

●       CheckIntoCa$h

●       MaxLend

These have an excellent history with borrowers.

Check out your options if you want an online loan for bad credit and be sure to consider all the factors.

What Type Of Payday Loan For Bad Credit Fits Your Situation Best?

Compare the best loans in the table above.