Skip to main content

With Funding Zest, even if you have poor credit you could get a payday loan. Unlike traditional financial institutions that offer loans, Funding Zest will take loan inquiries from anyone with any credit history and credit rating. So, if you’re asking If I Have Bad Credit Can I Get A Payday Loan…? The answer is yes!


Key Factors:

  • Even if your bank has turned you down for a loan because of bad credit, still apply. Our lenders look at all credit histories.
  • Using our simple online application gives you an onscreen decision in minutes 
  • If you have bad credit and take out a payday loan, repaying that loan in full and on time can improve your credit history.
  • If you have bad credit there are other types of loans you can apply for other than payday loans. These loans could be secured with collateral that you put up.


Should I apply for a payday loan if I have bad credit?

Funding Zest can help you find the money you need to tide you over until your next paycheck in the event of an emergency. We all have unforeseen expenses that pop up. They can be anything from problems with your car to an unfortunate hospital visit or problems with your pet. It can happen to anyone. 

If you’re in this situation, a payday loan could be a way to get the money you need quickly. So, even if a bank has rejected you for a loan because of your bad credit, you should still submit an application for a payday loan. Everyone has financial issues at some point. A payday loan can help bridge the gap between financial disaster or current financial issues to recovery. 


So How Do You Input Your Loan Inquiry?

Use Funding Zest’s online platform to submit your application no matter what your credit rating. The process is free. Don’t be concerned about submitting a loan application for a payday loan. It won’t impact your credit rating at all.

When you submit your request with Funding Zest, you have the potential of borrowing anywhere from $100 up to $35,000. You also get to choose how to repay your loan. It can be anywhere from two weeks to 60 weeks.

Our application process is very simple and very quick. First, you fill out a short online application. Once you’re finished that, a lender will contact you right away to make sure they get the correct loan for you. In fact, you get an instant online decision on whether or not your loan request has been approved. This can save the day and be a really sensible way to go if you’re having a temporary problem financially.

Once your loan application is accepted, you can see the cash in your account either within 15 to 60. minutes or by the next working day.


So Are You Eligible for a Payday Loan?

It’s very easy to find out if you’re eligible that there are a few requirements. Here are a few things that you need in order to be eligible for a payday loan. 

  • You must live in the United States
  • You must be at least 18 or older
  • You must have a job
  • You must show a consistent income that earns you at least $800 per month.
  • And finally, you must have an active bank account so that your payday loan can be deposited when your loan is accepted.


So If You Have Bad Credit, Why Choose A Payday Loan?

If you have that unexpected one-off expense, a payday loan could be perfect. And you don’t have to worry about this type of loan affecting your credit score. Just keep in mind that payday loans are for in case of cash emergencies, not for travel, a last-minute shopping spree, or any type of frivolous spending. This type of loan, a payday loan, is for short-term use. That’s what it’s designed for. Not for long-term loans like a mortgage.


Be Sure You Can Repay Your Loan

Only borrow money that you know you’re able to repay. Take the time to consider exactly how much money will tide you over until your next paycheck. That’s the amount you want to ask for in your payday loan. Borrowing too much can make it harder to repay. It also increases the amount of interest you’ll pay over the life of the loan. 


Need Lots of Money?

If you are looking for a large sum of money to borrow like a mortgage for your home, a payday loan isn’t the right loan for you. Mortgages are for the long-term (i.e. up to 25-30 years). A payday loan is not going to be the option you need. You’ll need to look elsewhere for that type of loan.

Leave a Reply