5 Easy Steps to Get Instant Payday Loans If You Have Bad Credit

Most banks allow their customers to get limited payday loans from ATMs, however, these transactions often include several taxes and charges that are not fully disclosed at the moment when you are taking out the money. This makes this type of loan inefficient due to the fact that you can end up paying considerably more than what you initially thought that you would have to pay.

The direct alternative to payday loans offered by banks is the short-term loans that can be taken out from online money-lending platforms. These websites offer what are essentially payday loans, without any hidden charges or large interest rates.

Find the best companies that offer their services in your area

Some money lending companies only offer their services to certain states, which may limit what platforms you can use. You will also find that, depending on where you live, the online lending websites may have different terms and conditions. This is because each state has a different way of regulating the activity of these companies.

Look at all the companies that offer their services in your area and choose the best one depending on the monthly interest that you have to pay, the period of the loan, and how much money you need to borrow.

Once you find all the companies that fit your needs, look for reviews on websites such as TrustPilot in order to determine how they treat their users. If the service that you intend to use offers a mobile app, go to the App Store and read the comments on that, as well.

Read the users agreement on the website of the company

Regardless of what method you use to access the services of the online money-lending platform, always check the company’s website and read all the information that is presented there. The user agreement and the support section of the website will contain everything that you need to know in terms of what taxes and fees you have to pay when getting a payday advance.

Also, focus on identifying the penalties that will be imposed if you’re late with your payment. Online lending platforms are safe to use and offer a lot of transparency, however, they also have harsh penalties if you do not return the money on time.

Make sure that your chosen service does not report the transaction

Generally speaking, online money lending companies do not require your credit score in order to determine if you are eligible or not for their services. This having been said, you should go through the website of the company such as adherents.com and make sure that your loan will not be reported to any of the major credit score registries in the US.

This is mainly to avoid further damaging your credit score. Most creditors will look at your credit score and then check to see if you have used online services that do not perform credit checks. If they find records of these transactions, they will consider that you’ve chosen to use alternative ways to borrow money rather than increasing your credit score.

Again, most online money lending companies do not perform credit score checks and do not report the money that they lend, however, you should always double-check before getting a payday advance.

Use the app, if available, in order to create an account faster

Some of the major online money lending companies that offer their services throughout the US also have apps that you can download for free and install on your phone or tablet. These apps are invaluable tools when it comes to borrowing money because they help streamline the account creation process and also make it easy to submit all the data that is required to request a payday advance.

Once you create an account and like it to your app, you will be able to go back to it and borrow money how often you need, without having to resubmit all the information that you’ve previously sent.

Do not take out more money than you need

Online money lending platforms do not usually have a payday advance offer that you can use, however, they do offer general-use short-term loans. These are basically the same thing and enable you to borrow a small amount of money for 30 days.

Do not forget that once you take out a loan, you will not be able to borrow more money until you pay it back, preferably as soon as possible. Avoid getting a bigger loan than you need to avoid situations where you won’t be able to pay the money back on time and you will be stuck with a bad credit score and no other way to get a few extra bucks.


Getting a payday advance from an online lending company is often easier than getting one from a bank, especially if you already have a bad credit score and do not want to lower it any further. All transactions are private and will usually show on your bank statement as a regular money transfer, not as a loan.