Payday loans are short-term cash advance loans that you can typically use to cover unexpected expenses like car repairs, medical bills, unpaid utility bills, etc. The maximum loan amount varies between states but is limited to no more than $1,000. The average loan repayment term is 2-4 weeks and it is usually due on your next payday.
Despite how easy payday loans are to apply for and receive in comparison to bank loans or loans from credit unions, there are still some general requirements:
The lenders PaydaySeek works with provide faxless payday loans, which means they require little paperwork and no faxing whatsoever. However, in rare cases, the lender might require you to send over some documents like proof of income or ID via email.
PaydaySeek is a matching service, not a lender. We match you with a loan lender that provides direct lender payday loans, after which you finalize your loan agreement with the lender directly.
At PaydaySeek we work with 100+ payday lenders that provide safe online payday loans. Here’s what the application process looks like:
Once you have e-signed your loan agreement on the lender’s website, you can usually expect to get your money as soon as the next business day. In some cases, you may be eligible for same-day funding.
Most if not all the lenders we work with provide bad credit payday loans, as well as second chance payday loans. This means that it usually doesn’t matter whether you have a good credit history with the BIG 3 national credit bureaus like TransUnion, Equifax, or Experian.
However, while some lenders we work with provide no credit check payday loans, most will still run a soft credit check on you. Soft credit pulls do not affect your FICO score or show up on your credit history with the BIG 3 credit agencies.
Lenders may also check your credit history with some specialty credit bureaus like Corelogic Teletrack and Experian’s Clarity Services, which track your history with payday loans specifically. However, many lenders provide no teletrack payday loans, which means they will not check your credit history with Corelogic Teletrack.
Despite many lenders offering payday loans to people with bad credit, there’s no such thing as guaranteed payday loans. Payday lenders rarely make credit decisions off of your credit history; however, they still rely heavily on your regular source of income when assessing your repayment ability.
If you’re looking to get fast payday loans online, fill in the short form at the top of this website to get started. Once you’ve filled in the form, we will try to match you with a loan lender.
The exact time you receive your money in your bank account will depend on the lender’s internal processes and the time of day and day of the week you apply with us.
For weekday applications, try to apply as early in the morning as possible. If the lender we’ve matched you with provides same day payday loans and your application is approved before the cut-off time, which is usually before 10:30 a.m., you will see the money in your bank account sometime in the afternoon. For weekend applications, there’s no such thing as weekend payday loans. If you apply on a weekend, you will get your money the next business day.