Can I Use A Payday Loan If I Have Bad Credit?

With as many as 100 million Americans currently reporting credit scores lower than 601, there are many families and consumers being left behind by the lending industry’s qualification requirements. There are many ways to end up with a credit score that disqualifies you from being able to get a credit card or a loan – but they aren’t all indicators of financial irresponsibility. Lots of people struggle with low credit scores because of outrageous medical bills because of illness or a medical emergency. Unfortunately, this leaves many people without adequate savings and with limited options when it comes to paying for another unexpected financial emergency. That’s where payday loans come in to play – while they are often associated with high fees, less than stellar interest rates, and inflexible payback terms, they also serve a purpose. If you have low credit, or are having trouble getting approved for other financing options, a payday loan can help. You can apply for a payday loan online through our free service and you don’t even have to worry about leaving the house! Our website will connect you with the perfect lender for your situation, and you’ll be able to complete the loan process quickly and easily by communicating directly with the lender.

Top 5 Ways People Use Payday Loans To Avoid Financial Emergencies

You can use a payday loan to pay your utility bills, which can be extremely helpful in helping to avoid having your power or hot water shut off due to nonpayment. Payday Loans can also be used to make your monthly mortgage or rent payments – your payday loan funds will be deposited directly into your checking account, so there are no limits on what you can spend the money on. You can even use a payday loan to make credit card payments and avoid costly late fees or even more negative hits to your credit score. Many people rely on their home internet service to be able to continue working and earning money. If you’re worried about having services shut off because of your inability to pay, applying for a payday loan can make it possible to stretch your finances for a couple weeks until your next paycheck.

1000s of Payday Loan Applications Approved Daily!

We know that finding a legit payday loan can be difficult – so many advertisements online end up being scams to spam your inbox or phone number with calls and emails for various products that you never signed up for in the first place. That’s why we only do business with a closed network of elite lending partners. It’s easy to get approved for payday loans which is very important during an emergency when time is of the essence. Typically, as long as you are a citizen of the United States, a legal adult 18 or older, and you have a job and a bank account, you already meet the majority of the qualifications and requirements to get a payday loan. It’s that simple – apply for a payday loan today!

Can I Use A Payday Loan If I Have Bad Credit? By Eric Knapp - 9/6/18

A pay day loan can help the neediest Americans receive the cash they need

Robert Goode for Green Leaf
Loan Groups - Pay Day Loan

Robert Goode has lived on his own since he was 17 years old. With little to no guidance, he applied for and received his first credit card the day he turned 18. He maxed it out shortly after. Ever since then, he's had bad credit. Robert, now 29 and a young father to two-year-old Isabella, has always had issues getting approved for financial aid.

"Having a good credit score helps you qualify for money. If you have a bad score, it’s hard to get a loan. I never needed some extra money more than I do now," Robert said. "My daughter Isabella's daycare is expensive. My wife gets paid minimum wage, so her income alone isn't always enough to even cover Isabella's care. Most of the time we only make enough money to get by. Last month our car broke down and there was absolutely no money we could tap into to take care of it. It was gut wrenching. It's not a good feeling to live paycheck to paycheck."

Robert’s co-worker and friend, Craig, told him about pay day loans.

"Craig, one of my good buddies from work, told me that if I went to Green Leaf Loan Group then a bad credit score wouldn't prevent me from getting approved for a pay day loan," Robert said. "I looked into it, applied, and was instantly approved. I couldn't believe how easy it was for me to get the exact amount of money I needed."

What is a pay day loan and how does it work?

A pay day loan is a short-term, unsecured, no collateral loan that is given to borrowers who need extra cash between $200-$2500. Borrowers are expected to repay the amount they borrowed (usually the amount of their upcoming paycheck) within 2-4 weeks. Because a pay day loan is based off a person’s paycheck, a credit score isn't required for approval.

"I got matched with a direct lender who granted me a $2000 pay day loan," Robert said. "I was able to make the car repair and pay off some other expenses. We even put a little bit in savings. It feels good to be in control of my finances."

How easy is it to apply for a pay day loan

A pay day loan is a hassle-free process. Any person over the age of 18 with a job can apply and be instantly approved. The entire application process takes minutes. A borrowers direct pay day loan lender will call an applicant to discuss the details of the pay day loan and answer any questions as soon as the applicant submits his/her application.

"My $2000 pay day loan request was fulfilled within minutes of applying," Robert said. "My lender was friendly, informative, and gave me some good advice. I'd recommend a pay day loan, through Green Leaf Loan Group, to anyone with bad credit or who has suffered financial problems in the past."

Green Leaf Loan Group would like to thank Robert Goode for his assistance and for providing a through and thoughtful review of our services.

A pay day loan can help the neediest Americans receive the cash they need, By Mindy Lobo - Updated Today