Category Archives: Payday Loans Online

A payday loan sometimes referred to as a cash advance, is typically a short term loan that is meant to be repaid at the time the borrower receives their next payday. Online payday loans are becoming more popular in recent years, as online technology has enabled potential borrowers to connect with a lender faster than before. 

Depending on a variety of factors like credit score and loan amount, the terms of a payday loan may vary, and a lender may offer certain loans to certain types of borrowers who fit their qualifications. 

The process of getting a payday loan is different than getting a loan from a bank or other traditional financial institution. Banks may be less willing to work with borrowers who have bad credit. While a payday-specific lender may require a potential borrower to have a bank account, in many cases they have less strict requirements than banks themselves.

For borrowers who need extra cash and don’t mind a loan term with a relatively short repayment schedule and potentially higher interest rates, a payday loan might be an option to consider. However, it’s important to keep in mind, even though there are payday lenders willing to work with bad credit borrowers, it is virtually impossible to get a loan with no credit check. 

Requesting a Payday Loan

Starting the payday loan request process is more easy than in the past, thanks to the availability of online lenders and online lender networks. We are not a lender, but we work with many lenders in our lender network who may offer payday loans. 

To start the request process, it’s as simple as filling out an easy online form that can take just minutes to fill out. From there, a potential lender will review your request, and if you meet their qualifications, they may connect with you quickly.


Personal credit isn’t the only requirement that goes into payday loans. A potential lender may also want to see:

Proof of income

A lender may want to see that a potential borrower has the means to pay back any loan that is offered. For this reason, they may ask to see a proof of income, to show that the borrower has a regular influx of cash that can be used to pay back the loan in a timely manner. Remember, when a lender is examining a potential borrower, they are thinking about the loan in terms of risk to their business. If they think the borrower is likely to be risky with repayment, they may not go forward with the loan. But don’t be discouraged. Even bad credit borrowers may be able to get connected with a lender, as there are many lenders who do offer payday loans to borrowers with less than perfect credit.

Social Security number

A strong form of identification, a borrower’s Social Security number is a tool that some lenders will use to further evaluate the borrower’s credentials. It can help a lender get a fuller picture of a borrower’s profile, which may be used to determine whether or not the borrower is qualified to receive a loan.

Proof of residency

You may notice a common theme in these requirements. Payday loan lenders want to make sure they know and understand anyone to whom they are lending money. It is a reasonable process since anyone lending money would want to know the person who is borrowing it as well as possible. Proof of residency is just another tool that lenders may want to use when evaluating a potential borrower.

Checking account

Often, if a borrower is approved and accepts a loan from a lender, the funds will be deposited directly into the borrower’s bank account. For this reason, many lenders may require potential borrowers to have an active checking account that can be used to receive the funds. It may also give a lender another glimpse into the financial trustworthiness of a potential borrower.


A lender may want to take multiple steps to make sure a potential borrower is who they say they are. For this reason, some lenders ask for identification, like a driver’s license or passport or state ID in order to grant a loan request.

Lenders may want to see these items because for a lender, every loan they issue contains some form of risk for them. When they are considering whether or not to approve a certain borrower, it is often because the lender is weighing the potential risk and deciding if it fits their qualifications. 

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