Payday loans are repaid when a borrower’s next paycheck arrives. This means they are very short-term loans, maturing within a week or two. Some lenders, for instance lenders in our network, offer extensions on loan repayment, allowing borrowers to pay their loans back by installments. This may sound very interesting at first, but borrowers need to be cautious, because monthly payments make the loan very expensive. Borrowers will have to pay additional service charges, which are usually about $20-25 for every $100 borrowed. Borrowers can opt for a payday loan with 30 day, 60 day or 90 day repayment.
If you are interested in getting a payday loan, think of how much money you will have to pay back. If you can afford to repay the loan in full, don’t hesitate because it’s the best option.
Can I borrow money with bad credit?
What is bad credit? It is any credit score below 500 points. Actually, the 500 credit score is more like a marker, a borderline, below which a really bad credit begins. Bad credit can prevent you from getting cheap loans or getting loans at all. Many financial establishments offer bad credit loans but the terms and conditions of those loans are as bad as the credit history of the applicant. If you’re suffering from bad credit, you know how banks and credit unions want to rip you off or simply reject your application without making any effort to come up with better terms and conditions. They don’t understand that you might be in a much better condition to pay the loan back than many people who have an excellent credit record.
When applying for a payday loan, your poor credit rating might not be an issue at all.
Many lenders believe it’s not your past but the present that determines your ability to meet your financial obligations. The most decisive factor is your income. The greater the income, the larger the loan you can qualify for. Our network comprising of hundreds of different payday and personal loan lenders offers personal loans with monthly payments for people with bad credit. You can borrow online from $100 to $1500 approved instantly.
Our network is speed oriented, making sure that you receive money as soon as possible. Most loans are deposited in borrowers‘ accounts in a matter of hours.