What Are Payday Loans? • A Payday loan is a small-sized loan that is availed from a private lender or financing company. • It is usually repaid on the next payday of the borrower or when the paycheck arrives. • The taken loan amount is usually repaid as a lump sum amount.
Why Choose Payday Loans? • Many lenders provide payday loans bad creditamenity. • Considerable APR is applied and no elaborate paperwork and verification process is done by the lenders. • Payday loans come with quick loan processing and approval times without the need of any collateral.
Eligibility Criteria for Payday Loans Bad Credit • You should be 18 years and above with a permanent US residency. • You should have a steady flowing income into an active checking account. • Payday loans are ideal and are provided mostly for a one-time expense or payment.