What Payday Loans Accept Bad Credit

What if I have Bad Credit?

You can still get a payday loan even if you have bad credit. Payday loans are an option for all credit types. Payday loans are not dependent on your credit score like other loan products. 

Let’s explore the payday loan options available to people with poor credit or bad credit, and what you can expect to get if you apply for them.

What is the fastest way to get a payday loan?

Payday loans are quick and easy to get funding. Bridgepayday allows you to apply online for a payday loan and receive your money in 24 hours. You may receive an immediate decision and funding the same day if you submit your application by 10:30 AM EST.

What is the cost of a payday loan?

Payday loans can be obtained for as low as $15-$20 per $100 borrowed. This fee will be determined by the state in which you reside. For any missed or late payments, you will be responsible for the interest and fees.

A payday loan is a cost-effective alternative to credit card late fees and overdraft charges. It’s also affordable if you can repay it on time.

How to apply for a payday loan

Even if you have bad credit, small payday loans online are easy to get. If you are interested in taking one out, here’s what to do.

Collect relevant information

Before you start the application process, ensure you have the following information:

  • Valid Social Security Number
  • Active and valid email address
  • Checking account active
  • Source of income (such as a paystub).

Submit the online application

Visit the application form and these steps should be completed.

  1. Please share your contact information.
  2. Provide your employment information.
  3. Provide banking details. You will need your bank details and both your checking number. Prepaid cards will not be accepted.
  4. Submit your application.

If you prefer, apply in-person

Bridgepayday accepts in-person payday loan applications from people with any credit history, good or poor. Bridgepayday offers in-person applications. A knowledgeable loan specialist can assist you. These documents should be brought with you:

  • Photo ID issued by the government
  • Evidence of an active checking account
  • Recent proof of income (e.g., a pay stub)
  • Verification of SSN
  • Check (requirements vary by state).

Wait for funding and then repay your loan

Once your loan is approved, you will receive the funds that day or within 24 hours. After you have received the funds, you will need to repay the loan. This is usually when you receive your next paycheck within two to four weeks.

You can pay your loan by phone, online, or in person at a Bridgepayday location.

How to improve your credit

Your credit score will determine the terms and rates you are eligible for. It’s a smart idea to get your credit score as high as possible. Before you do so, visit AnnualCreditReport.com.

Check your credit score. These tips will help you improve your credit score once you are aware of where you stand.

Pay Your Bills On Time

Even one late payment can ding your credit. You must pay your rent, mortgage, utilities, car loans, or other bills on time. Set up automatic payments on your phone or create calendar reminders so that you don’t forget or miss a payment.

Keep your credit accounts open

A credit score is directly affected by how long you have had your credit history. Your credit score will increase if you have your credit accounts open for longer periods and keep them in good standing. Keep your old accounts open if possible, even if it’s not necessary or you don’t want to use them.

Reduce Your Credit Utilization Ratio

Your credit utilization ratio is the sum of your debt and credit available. Most lenders prefer a ratio below 30%. It is important to lower your credit utilization ratio by paying down your debts early and spending less.

What can a payday loan be used for?

Consumers with bad, good, or poor credit can get payday loans to cover a small amount of short-term financing. They can be used to pay for an array of emergency expenses, such as:

Car expenses

A payday loan is a great option if your car breaks down suddenly and you need to get new tires or other repairs that are only a few hundred dollars. You might lose your reliable transportation to school or work if you don’t have a payday loan.


A payday loan is available if you are short on cash and cannot pay your next grocery bill. This loan can be used to feed your family and yourself until your next paycheck.


Are you short a few hundred dollars on your mortgage or rent payment? Payday loans may be the right option to get you the money you need. However, you shouldn’t rely on it for every mortgage or rent payment.



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Author: Alex Darwin

Alex is a former budget manager turned entrepreneur. He works mainly at home on his credit score advice website and writes a financial blog on the side. He hopes to expand his business into a full online lending company for bad credit as soon as he gets enough investors.