Bad Credit Loans



Getting personal funding with bad credit is possible, but still, there is a lot to consider when doing this.

Living through an emergency can prove pretty challenging, especially when your personal finances are a huge mess.

Survival is our only option now because even with the current rise in the cost of living, our regular monthly salary can not save us.

Traditional lending, too, gets pretty discouraging – with its many strict requirements and regulations, one can say that getting cash today for dealing with pending expenses or emergency is very hard.

I wouldn’t even consider family and friends funding here.

This is because even with a good-paying job, we all still find it challenging to live the kind of life that we want and deserve to live.

But still, there’s a way out!

Who is Online Payday Funding for?



Online payday funding works simultaneously with your current paycheck, which means that it gives you access to cash whenever you need it on the terms of the current size of your monthly salary.

Thus, online payday funding is meant for any consumer that falls under any of the following categories:

  • Need short-term funding
  • Low credit score


These can be broken down thus:

#1: Need Short-Term Funding



Online payday loans make it very easy for you to get all the money you need to last you while your paycheck is yet to come. This is why this kind of funding is often referred to as short-term funding.

Online payday funding is best for consumers who need cash to take care of a pending expense for just a limited time. This can come in due after the first few days or weeks, but online payday loan terms usually last for up to 30 days or the time of your next paycheck.

Online payday direct lenders operate very differently from traditional lenders and credit organizations.

The way traditional lending works is that even when a lender knows that you are in deep need of cash at that moment, they still tend to take you through the tedious process of applying for the traditional loan, which, in turn, comes with a lot of strict requirements and regulations.

Guaranteed payday loans come into play here to make funding really easy.

The loan application process for an online payday loan is swift, taking no more than five (5) minutes to complete, after which you’d have all the money you need in your account as soon as that same day.

Getting a personal loan via payday funding is also very easy to payback.

Seeing that online payday loan offers are synced with your monthly paycheck makes it even easier to pay back on your settlement whenever the loan payment is due.

This works best with a well-planned and implemented budget.

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#2: Low Credit Score



Traditional loans are secured loans, meaning that lenders will always ask you to provide either a car, real estate property, business asset, and more to stand as collateral for you getting the loan offer.

This is very bad and, if not considered carefully, can lure you into a debt trap!

Nobody should ever be caught lacking, but in cases like these, traditional lenders such as banks and other credit organizations take it upon themselves to build on accumulated assets and take profits.

This doesn’t sound fair at all, and this is where online payday funding comes in.

Online payday loans are quite different.

Online direct payday lenders take security from your current paycheck that usually stands as proof that you can fully pay back the loan settlement whenever it gets due.

With this, you don’t have to lose any more of your personal property just in the name of survival.

No-credit check funding is also always available to consumers that need it.

Thus, it doesn’t matter whether or not your current credit score or rating is a mess; you can still get access to all the funds you need and whenever you need it.

We understand that life can get pretty challenging, and having to make the tough calls in times of an economic crisis can lead one to make the wrong decisions that might, in turn, reflect in your finances.

A credit score is a qualifying factor used by traditional lenders to check how an individual qualifies for funding via a loan. Most times, if your current credit rating or score is low, it limits your ability to access financing whenever you need it.

The case is quite different with online payday loans.

FICO is an acronym for Fair, Isaac, and Company, and a FICO score is the most common credit-scoring system that has been generally accepted by most traditional lenders today.

Below is an outline of the different FICO scores used by traditional lenders to evaluate your ability to get funding:

  • 800 – 850: Exceptional
  • 740 – 799: Very good
  • 670 -739: Good
  • 580 – 669: Fair
  • 0 – 579: Bad


This shouldn’t get you scared! Rather, leveraging online payday funding options puts you in a much better position for fixing up your personal credit rating.

Not just functioning as a no-credit check alternative to funding, online payday direct lenders often report any positive change in a consumer’s ability to pay back a loan offer when due, thus, helping to improve on your credit score and rating when necessary.

How to Get a Personal Loan with Bad Credit



The key to getting a personal loan with bad credit lies in your ability to show a direct payday lender that you are fully capable of paying back the loan settlement when due.

This can be seen in the size of your paycheck.

Online payday direct lenders will naturally approve your funding request based on the size of your monthly paycheck. This can be further communicated in your employment status.

Still, getting a personal loan with bad credit is possible for consumers that are unemployed.

The first thing you need to understand about online payday loans is that they are an unsecured form of lending that puts a lot of risk on the direct payday loan lender.

As such, since you’re not required to provide any form of security or collateral in order to secure your funding offer, online payday loan direct lenders would rather you provide an alternative proof that shows that you are fully capable of paying back the loan offer whenever it is due. This is why most online payday loan direct lenders will always request that you show proof of employment prior to getting your funds.

Certainly, all these will make sense when you approach reasoning from the perspective of your direct lender. But still, there is hope! The following can stand as proof of income when trying to get a personal loan with bad credit:

qualify for funding from an online payday loan direct lender:

  • Child support or alimony
  • Dividends or interest
  • Long-term disability
  • Social Security
  • Retirement funds
  • Trust fund
  • Rental property


The more proof you show to direct payday lenders that you can consistently payback on a loan offer when due, the higher your chances of getting a personal loan with bad credit.