Finding a loan provider who is willing to offer you a loan considering your bad credit, is highly unlikely. When you go through the loan application process on your own, it may take you months before you find a legit lender ready to offer you the needed loan amount. Even if they do, you may be charged high-interest rates based on your credit score.
Worry not, as there are broker platforms that help you connect with multiple lenders at once and are committed to helping you access online payday loans with a soft credit check at reasonable interest rates.
Here is a list of our top 10 lending companies that we recommend
1. HonestLoans
HonestLoans is an online loan broker that offers quick and quality service to its customers. Their years of experience, along with their refined algorithm, is why they are connected to the best lenders in the market and can connect you to the most suitable ones for your loan request.
No hidden fee charged by them is another benefit of making use of this broker platform as it is affordable. It has implemented a transparency policy which its lenders also comply with. This means the fees and interest rates are presented to you clearly so that you can decide to avail of the loan based on your repayment capability.
They do offer loans to borrowers with bad credit scores. A soft credit check is often implemented that does not affect your credit score further.
The online application submission process is streamlined and takes just about 5 minutes to finish applying for the loan through their secure platform that complies with privacy regulations. Most lenders quickly process your application in hours and send you offers quickly. So, it’s possible that you don’t have to wait until the next day to get your money, as HonestLoans can help you get payday loans you need fast.
2. Easy Payday Loans
If you are seeking a short-term loan option, such as a payday loan that can be used instantly without any restrictions to cover urgent expenses and paid off over the course of weeks, then this is the best loan option for you. Especially when you use a secure platform such as Easy Payday Loans to apply for the loan.
Payday loans are expensive if you do not choose the right broker to find one, which is where this platform can come in handy. It is connected to a network of reliable and transparent lenders who may offer you a fair deal. Further, the platform itself does not charge any hidden fees, which is an added benefit of using it.
3. iPaydayLoans
When you land in difficulty, you are prone to be duped by unreliable service providers because of your desperation.
iPaydayLoans work on the principle that no matter how desperate the borrower is, the deal they obtain needs to be fair and affordable, even if they have a bad credit score. The trusted lenders they have partnered with will simply not make a decision based on your credit score but also evaluate the risks involved by assessing your financial behavior, employment status, and source of income before deciding to give you a fair deal.
4. WeLoans
WeLoans is known for offering a personalized approach to loan finding. Their services are run in total compliance with privacy regulations, and their state-of-the-art security measures ensure your data is protected. Their network of reliable lenders from established and trusted businesses is transparent with their offers and prioritizes security. The platform does not charge you any hidden fees and helps you secure an affordable payday loan that you can repay quickly.
5. CocoLoan
With the mission to help all its customers to obtain a loan as quickly and easily as possible, CocoLoan has definitely paved the way for its customers to get the needed money when in need. With their deep understanding of the loan market and their years of experience, they can match you with potentially the most suited lenders who can quickly agree to offer you a loan. The best part is that the entire process takes just a few hours, and you may get ahold of the loan in a day.
6. Cashmax Payday Loans
This platform again is an excellent place to get a small payday loan with no credit check. You can apply for a loan anywhere between $50-$255 to get the loan. The amount is not very high, which is why the risk is less, hence you are offered a no-credit-check loan. This also means if your requirement is higher, then you should choose one of the platforms we mentioned earlier. Cashmax Payday Loans takes a personal check with the loan amount and fees and holds it until your next payday for repayment.
7. CashUSA
CashUSA not just connects you with personal loan lenders, but offers you valuable education resources that can help you make an informed decision about loans. You can submit a loan request with them online and if the lender approves the loan, you can receive the funds as easily as the next business day.
Your credit score may be bad, but you will still receive favorable deals on this platform. The lender looks into several parameters to ensure you have a loan repayment capability before it is offered to you.
8. Moneytree
If you are looking for an instant loan truly which can be transferred to your debit card in a few hours, Moneytree may be the right choice. This is because they are direct lenders who will be offering you the loan rather than connecting you with a third-party lender.
This family-run business was established in 1983 and has grown ever since, with a mission of being the best provider of financial services for their customers and they have definitely succeeded in this to a certain extent.
9. Amscot
When you look for a company that can offer a payday loan, it needs to be reputable. Thanks to Amscot, an INFin member, you can rest assured. They practice responsible lending by adhering to industry best practices. They aim to offer strong consumer protection and remain transparent in their dealing.
Amscot offers you a no-credit-check payday loan as the maximum payday loan amount it is willing to offer is only $500, which does not involve many risks.
10. Speedy Cash
When looking for a payday loan, you can consider Speedy Cash if you prefer a direct lender platform that manages your entire loan process.
You will not be overwhelmed by many lenders, and as you are only dealing with a single lender, the lending decision can be quicker.
Speedy Loan is a highly-rated site with a dedicated customer base because it has been playing in the field since 1997. If you are looking for an experienced player, then you should try out this platform.
The Conclusion
To choose the best payday loan service platform, firstly ensure that you meet their eligibility criteria, as a few may demand several of these which may be tough to match. A platform that offers low competitive interest rates and also easier repayment terms should be preferred.
Any platform you chose to apply for a payday loan, you will get an option to accept or reject the offer, read the terms carefully before doing so. The lender should also be licensed which you should check before making a deal.
Loan matching services like Honest Loans eliminate the hassle of finding a trustworthy lender. It is free to use and one of the best bad credit payday loan platform you can find in the market today!