Bad Credit Payday Loans

Written by Liza Hartung
Bookmark and Share

Not everyone in America has great credit. In fact, many people have at least one item on their credit reports that they aren't too proud of. However, all of us need money. Sometimes we run into emergency situations that require extra money right away. It could be that we suddenly realized that we are about to bounce several important checks. Maybe we need to get our cars fixed so we can get to work and make money--car repairs are a frequent cause of financial emergencies.

Sometimes the need for extra cash is quite desperate--perhaps you are on the verge of having your gas, electric or telephone service shut off. When you know it's only a few days to payday but your bills are due now, you may not be able to wait even a few days. You might want to consider a payday loan. Some of you with bad credit may be wondering if you have any chance at ever getting one of these. The answer is yes.

Where to Find Your Quick Loan

There are thousands of companies, many of them right here online, that recognize the needs concurrent with financial emergencies. If you have bad credit, you might not be eligible for an amount that someone with good credit is eligible for, but you can usually get up to $500. Now, if you don't need $500, don't get it just because you can. You will have to pay off this loan, and you will have to pay it off quickly.

This kind of a loan is called a "payday" loan because the company you are borrowing from assumes that you can pay them back when your next payday hits. This is not a loan to buy a car, get a house or send a child to college. It's a quick-fix loan to get you out of immediate and sticky situations. If you do ask for an extension, know that you will be paying fees on that as well as the original loan.

Bookmark and Share