- You usually have about 30 days to repay bad credit payday loans but discuss this with your lender.
Which States Allow Payday Loans?
Some states allow cheap payday loans while others do not. Landmark Cash ™ will do its best to keep each states terms of payday advance lending up to date. States can change their terms without notice, and by viewing this data, you agree not to hold Landmark Cash ™ liable for any discrepancies.
IMPORTANT: If payday loans are not legal in your state, you CAN still apply. You will not be approved, but there may be alternative funding options available.
We receive hundreds of emails per day from customers with questions. Below we have listed the most commonly asked questions and the best answer we can provide without knowing your exact situation. If your question was not covered below feel free to contact us and we will do out best to help in any way possible.
You should NEVER pay to receive a loan from actual payday lenders. If you are asked to pay any upfront fee, it is a red flag, and you should immediately stop all communication with the individual. Legitimate businesses will have a physical address, phone number and email address that’s readily available.
Are there payday loans online without running your credit?
Every lender reserves the right to run your credit at their discretion. The first step a creditor takes is to run your name through a database to see if you have any outstanding debt. If the lender finds you currently have debt, there is a chance a credit check will be performed. In most cases, applicants have bad credit, so a credit inquiry will not hurt your chances of being approved. There are some lenders who offer legitimate payday loans online without running a credit check but this is not a common occurrence.
Can you get a loan with no credit history?
The short answer is yes, but it will not be easy. When it comes to credit history, there is a big difference between no credit and bad credit. When you have no credit history, the lender does not have a way to establish how likely you are to repay the money you borrowed. In this scenario, your best option is to find a co-signer or put up collateral if you are applying at a bank. If you are applying, your credit history will not be relied on as heavily; more emphasis is placed on your current income and employment status.
What are payday loans?
Online payday loans without a credit check may also be referred to as a cash advance, payday advance, payroll loan, salary loan or short term loan. These loans are for people with bad to poor credit which means credit scores below 630. Loan amounts range from $100-$1500 and are paid back on the date of your next paycheck. The interest rate can be up to 300% in some states. Borrowers can secure their funds by completing an application on the companies website.
What are personal loans?
Personal loans are meant for people who have established good credit with scores above 630. The higher your credit score, the lower your interest rate will be. For example, excellent credit in the 720-850 range can expect to pay about 10% interest, good credit scores in the 690-719 range will pay about 15%, and average credit in the 631-689 will pay 20% or more. Personal loans can be obtained from banks and credit unions.