With an online payday loan, you're borrowing money with the promise that you'll pay back the full amount borrowed, typically in a few weeks. Most applicants can qualify for a payday loan even if they bad credit or no credit history. Interest rates are high with payday loans as creditors take on extra risk when compared to other types of short term loans. You can take out a payday loan in Texas for as little as a few hundred dollars. Bad credit is not always an issue and most creditors won't even check your credit report.
- Payday loans have high interest rates
- Most lenders will not check your credit report
- You can apply for a payday advance with bad credit