How To Qualify For A Free Personal Payday Loan – Even If You Have Bad Credit

If you need money fast and you have bad credit, you’re about to learn one of the best ways to get approved for a personal payday loan.

You’ll also discover why applying for a payday loan online is safe and easy.

I’ll share two simple strategies you can use to pay zero interest or fees on your personal loan… and… Boost your chances of getting approved for a payday loan – even if you have bad credit or no credit.

Here’s how it works…

Until recently, if you needed a bad credit personal loan, you had to drive across town. Then – on top of that – wait in line forever to get a loan. If you have kids with you, that’s a huge hassle!

Not anymore.

Now you can apply for a payday loan from the comfort of your home, know if you’re approved in minutes, and get fast cash wired into your bank account. No waiting in line. No driving across town.

But, be forewarned —

If You’re Not Careful, This Convenience Can Cost You

Online payday lenders fall into three categories:

Honest Lenders, Offering Honest Service – These companies don’t hide behind a web site. They give you their phone number and postal address, and they clearly disclose their loan terms. When you do business with them, you can rest assured your personal information is kept safe and you’re getting an honest deal.

Dishonest Lenders, Who Sometimes Break The Law – Some online lenders charge more interest than state laws allow. Others lend money to people living in states where payday loans are outlawed – or to military personnel. And worse… Some aren’t lenders at all!… Just scam artists out to steal your hard-earned money and personal information. Fortunately, there aren’t too many scammers, but you still have to protect yourself.

And, finally,

Brokers Who Don’t Fund Payday Loans – The majority of bad credit loan sites on the Internet don’t lend money. They accept your application and forward it to lenders they’re affiliated with. While this seems like a good thing (lenders “competing” for your business), you lose of control over the application process. Do you really want to get a loan from a company you don’t research yourself? I didn’t think so.

You may wonder…

Are Online Payday Loans Worth It?

Absolutely! Applying is fast and easy, and the money is zapped right into your account.

The good news is, you can protect yourself by following these three precautions: First, only apply for a loan if the application page is secure. You can verify this if you see a closed padlock in the top-right or bottom-right corner of your screen. Second, never apply for a loan from a company that charges more than your state allows (usually no more than $25 per $100 borrowed.) And, Third, always be sure you can find a postal address, phone number and clearly-disclosed loan terms on their site within 15 seconds of landing on their homepage. If that information is too hard to find, they may be hiding something.

When you follow these three simple rules, you’ll weed out 99% of the dishonest lenders and/or scam artists.

Now that you know how to protect yourself when you get a bad credit personal loan, here’s how to get a fee-free loan.

How to Get A Fee-Free Bad Credit Payday Loan

Just as I promised, you’re now about to learn how to borrow money for free, even if you have bad credit.

Because there are so many payday loan sites and only ten spots on Google’s first page for “payday loans”, lenders are working harder to attract your business.

And that’s good news for you!

In fact, there are a handful of honest companies that will give you your first loan free.

Here’s how it usually works:

  1. You apply for a loan online
  2. If approved, your first loan (usually between $100-$500) is wired to your bank account within 1 business day
  3. When you pay-off your loan, the loan fee is waived

What that means to you is…

If you take out a loan and pay it off the first time it comes due (instead of rolling it over), you pay no fees! You can’t beat a fee-free payday loan, can you?

If you take out a loan and roll it over (extend your loan when it comes due), you’ll pay a fee to roll-over your loan. However, when you finally pay-off your loan, your last loan fee will be waived.

So, no matter what, you save money!

And, bad credit is usually not a problem. That’s because most payday loan lenders don’t check your credit report. They may check with a company called TeleTrack to see if you have any other loans out – or – if you’ve defaulted on any payday loans in the past. But, recent bankruptcy and even some severe credit problems may not always get you turned down for a loan.

Plus, since you can apply online, you can safely apply without worrying about the embarrassment of getting turned down face-to-face if you don’t meet their guidelines.

You can apply for a fee-free payday loan today and find out fast if you’re approved.

Here are two ways to find companies offering first time borrowers fee-free payday loans.

Tip #1: Search Google for “Payday Loan First Loan Free” and see what comes up. Follow the advice I gave you above to protect yourself from scams or hassles.

Tip #2: Or, search Google for “Payday Loan Reviews” and see what people say about popular online lenders, so you can make an informed decision.

Online bad credit loans are a great option, and when you follow these simple rules, you can protect yourself and save money, too!

People Should Only Use A Payday Loan As Their Last Resort

But sometimes there are unforeseen financial circumstances. Paydays loans are a good option to consider. Keep these tips in mind when thinking about getting a payday loan.

People should only use a payday loan as their last resort. Loans carry very high interest rates which actually have you paying close to 25 percent of the initial amount of the loan. Prior to securing a payday loan, investigate your options. A simple method to find reputable payday loan lenders to to look on websites that review them. You can get information on which companies are trustworthy and which ones have shady practices that you should avoid. If set on getting payday loans, review all information before signing a contract. There are scams that are set up to offer a subscription that you may or may not want, and take the money right out of your bank checks account without your knowledge. Do not get involved in a never ending vicious cycle. You should never get a payday loan to get the money to pay the note on another one. Do everything you can to get out of this cycle. It is very easy to fall into this trap if you don’t take steps to prevent it. The costs can spiral out of control quickly and leave you broke.

Be sure you have a clear understanding of payment due dates. Loans have high rates when it comes to their interest rates, and these companies often charge fees from late payments. It is imperative that these types of loans are paid on time. It’s even better to do so prior to the day they are due in full.Report any wrongdoings by your lender to a state agency. There are times in which payday companies act illegally that could mean that you do not have to pay the interest on your loan at all. Don’t allow yourself to be pushed around. The companies that offer payday and cash advance loans make tons of money in the business annually. They make so much money because the lender makes all profit. Before you take out a loan, spend some time researching the lender and make sure that you are receiving the lowest interest rate that you can. You should consider all fees associated with the loan. Be sure to only borrow what you need when taking out a loan. Borrowing the minimum amount of money necessary will help you minimize associated fees and interest. Avoid paying high fees by only borrowing exactly what you need. A lot of people find that they do not have another avenue when they have to get a payday loan. Look into other options first; you might be able to save money by avoiding payday debt.

If there is family or a close friend that will loan you money, talk to them before getting a payday loan. Be sure you have a clear understanding of payment due dates. Lenders typically charge extremely high interest as well as massive fees for those who pay late. Therefore, you need to be sure that you pay back your loan in full on, or before, the agreed payback date. Do not sign a payday debt that you do not understand according to your contract. If a company doesn’t give you this information, they may not be legitimate. The loan and cash advance business makes millions upon millions of dollars a year. They make so much money because the lender makes all profit. Research about each lender in order to get a good rate for your bank check.

Make sure you factor everything in, including interest as well as an other additional fees.Never refinance this type of loan if you can avoid it. The biggest problem with payday debt is that they’re addictive, in a sense, and people end up using loans to pay down loans, creating a vicious cycle of debt. Because these loans carry such high interest rates, small debts can easily turn into huge ones. If it’s not possible for you to pay off a payday loan, then you may want to apply for an inexpensive personal loan from the bank rather than pursuing a payday loan. Be careful when it comes to giving out your personal information when applying for payday loans. You will be required to give the lender personal information during the application process. Verify that the company has a legitimate privacy policy and is a reputable lender. When you are planning your payday loan needs, make the most of the advice you read here. You should be able to garner a better rate, as well as make smarter decisions. Make sure you take your time to choose the best loan for you.

Instant Payday Loan Lender

All of us have experienced a pile up of bills, a medical emergency, education costs, or home repairs that stretch us financially. We turn to our emergency funds to cover these expenses, but when the emergency cash runs out, we have to resort to our savings or we take on considerable debt. An instant payday loan is a cash advance that can help us out of some of these binds and prevent the accumulation of late fees and overdue accounts that incur interest rapidly. The option of an instant payday loan gives you access to cash within a few short hours when you need it most.

I need cash fast. Just how ‘instant’ is this instant payday loan?

The ‘instant’ label may sound too good to be true. Realistically, there is no lender than can get you cash in a matter of seconds or minutes. However, securing an instant payday loan in roughly an hour is feasible. The online application helps to dramatically shorten the approval process and funds will be released to you much faster than if you were to apply in person and fill paperwork out by hand. Upon submission, you application will be matched and forwarded to the lenders who are best suited to your needs. They will have access to all the contact information and financial history they need to approve your application within minutes and you will see the update in your instant payday loan application immediately.

What is the quickest approach to receiving a cash advance online?

To facilitate your instant payday loan online, it is important to know the requirements ahead of time. Despite the large number of online lenders nationwide, the requirements are fairly standard. You must be a US citizen of legal age, meaning 18 or older. You must be employed in a position that you’ve held for at least two months, and you need to have an active band account for the transfer of funds. Some instant payday loan businesses can only work with individuals who have checking accounts, but other companies have enough flexibility to make a savings account an acceptable alternative. It is critical that you identify lenders who can work within your means to meet the needs of your specific situation.
Another way to ensure the approval of your instant payday loan application is to limit your loan request to $500 or less. Loans are available in the range of $100 to $1500, but the smaller your loan, the more manageable your payments will be. Repaying a small loan will go much faster than a loan exceeding $1000, and it will keep your financial burden light over the few months following your cash advance.

With these tips in mind, the last thing to do is seek out lenders who advertise loans that get you money in an hour or less. You can find this information at the beginning of your application or on the frequently asked questions list on the lender’s website. Wiring money tends to require one hour, so if you choose the right lender, it is possible to get your instant payday loan on this quick timescale.

When should I apply to increase my chances of getting the instant payday loan fast?

Online applications make it possible to submit your loan application anytime throughout the day; however, processing times are fastest during normal business hours. Keep in mind that instant payday loan disbursements are done via cash wiring, so if you apply earlier in the day, you can guarantee that the necessary banking institutions will be open and available to complete the loan process. You are not likely to find an instant payday loan that is available on the weekends or holidays, so try your best to plan ahead.

With all of this information on hand, you have all the tools you need to get a cash advance when you really need one. As with any loan, an instant payday loan is only a short-term financial solution and should not be accepted lightly. When your application is approved, review all the details with a representative from the lender who can help you understand the terms of your financial agreement. Know what your repayment responsibilities are, and have a plan in place to make those payments on time and in full. These online cash advance loans are the fastest way for anyone to get money, and you can expect to see the cash in as little as an hour after submitting your application.