Do you find it exhausting to wait in lines to apply for a bank loan only to get rejected later? Has your bad credit score often disqualified you from getting loans from traditional lending institutions? See what we have to say about payday loans online then. Payday loans online are the best for you if you have bad credit or can’t wait in long lines for bank loan applications.
Depending on your lender, you may get funded within the same day after approval. Your chances of getting an offer are also highest when you consult a broker. Here are the top 10 best places to shop for payday loan deals. These services are easy to use and should connect you to high approval rate lenders.
Top 4 Payday Loans Online
- WeLoans - Best payday loans overall
- iPaydayLoans - Best payday loans for the unemployed
- US Installment Loans - Best payday loans for low interest rates
- Fast Title Loans - Best for locating nearby lenders
WeLoans - Best Payday Loans Overall
WeLoans has made a name for itself among lending services for connecting borrowers to lenders with fair debt collection policies. The ridiculous debt collection practices used by many payday lenders have been a source of grave concern - among many borrowers - for so long. It’s so relaxing to see there are still a few lenders who don’t go by this terrible code of conduct. These kinds of lenders populate WeLoans' lender network.
Also, new and returning customers of this service enjoy no credit check payday loan offers. Here, your credit score matters little, so you can conveniently get offers even if you have a bad credit score.
Several reports and customer surveys show that their lenders have a high approval rate, about 97% or more. With WeLoans, you get quick approvals and funding, access to multiple offers in one application, competitive interest rates, and more.
Pros
- Lenders employ only fair and regulated debt collection practices
- No hard credit inquiries
- Funding is processed within a day or two
- High approval rate
Cons
- It is not available in all states
Enjoy Some of the Best Payday Loan Deals on WeLoans >>
iPaydayLoans - Best Payday Loans for the unemployed
iPaydayLoans is another very familiar and commonly mentioned name in payday loan discussions. This broker has a network of 150+ lenders with multiple payday loan offers for good and bad credit borrowers. It also has offers for unemployed Americans who may be denied loans elsewhere.
Bad credit borrowers should also find iPaydayLoans helpful. It links bad credit applicants to lenders who can provide them with up to $5000 bad credit payday loans.
Many of its partner lenders report monthly payments to the major credit bureaus. This can help improve your credit ratings over time, helping you qualify for better offers in the future. The interest rates on its loans (APR) are also about the industry average.
Pros
- Wide network of lenders
- Partner lenders are accredited and CFPB-compliant
- Reports payments to the major credit bureaus
- Has offers for people who are out of work
- Its APR is about the industry average
Cons
- Does not have a mobile application
Connect to Reliable Payday Loans Lenders On iPaydayLoans >>
US Installment Loans - Best Payday Loans for low interest rates
Getting payday loans is hassle-free with US Installment Loans. The application process is pretty simple and can be completed in under three minutes. Its lenders also make funding decisions pretty quickly and deposit the requested sum in your checking account as soon as the next business day.
This service is available round-the-clock and every day of the week, including the weekends. This makes it a good resource for people who may have money emergencies over the weekend.
Its lenders are reputable and CFPB-compliant. Need an installment loan instead? US Installment Loans have several on offer, including auto installment loans and personal installment loans. These loans may range from $50 to $35000, and you may get loan terms up to 72 months depending on the lender’s assessment of your profile.
Pros
- Simple application process
- Round-the-clock service
- Reputable lenders
- Funding is processed within the same day or the following business day after approval
Cons
- The interest rates and fees associated with longer-term loans may be higher
Complete this Application Process in under Three Minutes and Get Funded Soon >>
Fast Title Loans - Best for locating nearby lenders
Fast Title Loans is the best place for locating nearby payday lenders. The platform is designed to help you locate reliable lenders closest to you as you enter your zip code in the search area. By connecting with a lender in your area, you can be sure you are working with a party that’s very familiar with your state’s lending laws. The website's layout is simple and user-friendly, making it very easy to find things.
Their lenders make approval decisions in under five decisions and process funding almost immediately after approval. You may get the requested sum in your checking account or pick it up at a nearby Walmart store.
Pros
- Helpful in locating lenders close to you
- The website is easy to navigate
- Fast funding decisions
Cons
- It does not allow co-signing on loan applications
Locate Nearby Payday Lenders on Fast Title Loans >>
CocoLoan - Best for zero origination fees
In need of up to $5000 payday loans with zero origination fees? Head on to CocoLoan now. CocoLoan links borrowers to lenders for free. Borrowers are not charged for paying before the payment deadline either. Its lenders are quite transparent with their interest rates and fees, so you shouldn’t bother much about hidden fees.
As with many others on this list, its partner lenders run only soft credit checks on borrowers. This can help protect your credit ratings from dipping after every credit application. CocoLoan’s partner lenders have pretty high approval rates. Usually, you should get approved once you satisfy the basic eligibility requirements.
Pros
- Zero origination fees
- No prepayment penalties
- Soft credit checks
- About 97% approval rate
Cons
- APR may be a little high compared to a few other alternatives
Get up to $5000 Payday Loans on CocoLoan >>
Payday Loans UK - Best for 24/7 payday loans
On Payday Loans UK is where you can find some of the cheapest loans. The interest rates provided by its partner lenders are competitively low. And it charges zero origination and prepayment fees and provides quotes for free. This helps to keep the total cost of the loan as low as possible.
Of course, these loans can be used for anything; foot travel expenses, going on a trip, or settling some utility bills. There are no restrictions on its use. However, the UK broker recommends that payday loans are only obtained to cater to emergency expenses. Borrowers are also encouraged to make a valid plan on how to pay back to prevent them from getting drawn into a vicious cycle of debt.
Do you have a weekend need? Put Payday Loans UK on your speed dial. They also have weekend payday loans for weekend emergency needs.
Pros
- High payday loan amounts, up to £5000
- Has bad credit loan offers
- Loans can be used for anything
Cons
- Borrowers without a bank account cannot access their loans
Need Some Cash for the Weekend? Apply for One Here >>
FastPaydayLoans - Best for zero paperwork
Tired of those paper trails and heavy paperwork documentation that follow every bank loan application? You are not alone; so are thousands of other borrowers. FastPaydayLoans is the ideal place to go if you belong to this class of borrowers.
Apply for your payday loans on this UK broker’s website. The entire application process is hosted online. You can submit soft copies of all required documents and even e-sign your loan offer. Doing everything online makes the loan request process simple and hassle-free.
FastPaydayLoans seem to understand people’s worries about online applications - data safety - and so employs industry-leading safety standards and protocols in securing all data entered on the site. Borrowers' data are kept confidential and not sold to survey sites or third-party big brands.
Pros
- Zero paperwork is involved
- TLS and 256-bit SSL encryption protocol to protect applicants’ data
- Borrowers get no-obligation quotes for free
- Provision to locate nearby payday loan offers
Cons
- Prepayment fees may apply depending on the lender
Trust FastTitleLoans with Your Data. Apply Now >>
UK Bad Credit Loans - Best for bad credit loans
UK Bad Credit Loans was set up to connect UK borrowers to some of the best bad credit payday loan deals available, and it does just that! Because of how difficult it is for bad credit borrowers to land loans, they’ve become a target for predatory lenders who may grant you loans but on very unfriendly terms.
This service’s partner lenders are outsiders to what’s quickly becoming a norm. Many bad credit borrowers have testified to getting very decent deals on UK Bad Credit Loans. Their debt collection practices are also far from extreme but in line with recommendations from regulatory lending laws.
Pros
- Lenders run soft credit checks
- APRs are relatively low compared to what’s obtainable on many bad credit loan offers elsewhere
- Debt collection practices are fair
- Loans may be secured or unsecured
Cons
- It may not be accessible to self-employed borrowers
Fill Out this Short, Simple Form to Get Favorable Bad Credit Loan Deals >>
CashAdvance - Best for other credit-related services
CashAdvance is a game changer in the lending services world. It’s not business as usual with CashAdvance. You can get up to $10000 payday loan offers and offers on other credit-related services like debt relief, credit repair and monitoring.
Applicants can estimate the total cost of the loan they are about to take using its loan calculator at zero cost. Like many others on its list, the service is totally free. There are no subscription fees nor fees for connecting you to best-fit lenders.
Pros
- Zero subscription fee
- No minimum credit score requirement
- Industry-leading safety and encryption protocols
Cons
- It has no mobile app
Enjoy Loans Plus Other Credit-Related Services On CashAdvance >>
CashUSA - Best for debt consolidation
CashUSA is a trusted broker by thousands of American borrowers who need loans to consolidate their debts. In four simple steps, you can make formal loan requests for cash up to $10000. The APRs on these loans range from 5.99% to 35.99%, which is the industry average.
You can set up auto payments to ensure you remit your payments on time. Missing payment deadlines can have a negative impact on your credit ratings; thus, it should be avoided at all costs.
Pros
- Industry-average APR
- Applicants can set up auto payment
- It has a rich database of articles on handling debt and making better financial decisions
- Has a rich network of state and tribal lenders
Cons
- Some lenders charge prepayment fees
Need a Debt Consolidation Loan? Get One on CashUSA Right Away >>
Is Taking out a Payday Loan Online a Good Idea?
There are differing views on payday loans and how ideal they are as a financing option. Let’s take a look at some of them to help you make an informed decision on your own going forward.
Pros
Convenience: Payday loans are pretty convenient to apply for. You can do it from any internet-enabled device, and your cash is processed in a day or two. Zero paperwork is involved, and the entire process is hosted online.
Credit scores are inconsequential: Your credit score is usually not taken into account when determining your eligibility. That is, you can qualify for one even if you’ve got bad credit. In general, you should be approved for a loan once you meet the basic eligibility requirements and the lender’s specific requirements if any.
Zero prepayment penalties: Prepayment penalties do not apply to most payday loan offers. This is important for people who want to pay off their debt as quickly as possible.
Few eligibility requirements: There are not so many eligibility requirements to be met to qualify for a payday loan. In contrast, bank loans have a notoriously long list of requirements to be satisfied.
Can be taken out for any reason: Payday loans can be used for any purpose. With bank loans, you must state the purpose of the loan at the time of applying and use the loan for the same.
Cons
High-interest rates: The interest rates on payday loans are usually high compared to what you get from credit unions and traditional financial institutions.
Questionable collection policies: Some lenders use tough collection methods like sending threatening letters to borrowers etc. However, this shouldn’t be a problem if you use a lender with better debt collection practices.
Would It Be Possible to Get a Payday Loan With No Credit Check?
Yes, but no credit check loans doesn’t necessarily mean zero credit check. To be compliant with the CFPB, every licensed and accredited lender must run credit checks. However, they may choose to carry out only soft credit checks on their borrower instead of the traditional hard credit inquiries that come with nearly every credit application.
Soft credit checks do not affect the applicant’s credit rating. Therefore, they are as good as no credit checks.
So can we modify this question a little bit and say; can you get a payday loan with no credit check? Yes, you definitely can.
Conclusion
Taking out a payday loan is never easy, especially if you’re looking for one with no credit check. Without proper guidance, one can easily fall into the trap of predatory lenders who constantly cook up empty promises to ensnare unsuspecting borrowers.
We’ve come up with this list of the top 10 best payday loans to help you link up with reliable, licensed lenders. Each service may be best for you, depending on your particular needs. However, WeLoans is the one for you if you want a balanced blend of everything you need from a lending service.
