Do you need a quick solution to your cash flow problems? Online payday loans for bad credit could be your answer! If you’ve been knocked back by the bank, Pocket Cash could match you with a lender willing to give you the cash you need. When the bank says ‘no,’ Pocket cash can find lenders who say Yes! So if this sounds like something you’d be interested in, keep reading. We’ll cover the in’s and out’s of payday loans, as well how it works and eligibility requirements!
You might be wondering what Pocket Cash actually does. Firstly, Pocket Cash does not provide loans. Instead, we offer a convenient way of finding a lender willing to approve your loan application. How? When you apply with Pocket Cash for online payday loans for bad credit, we will show your application to a number of different lenders to give you the best chance of approval. This will save you time and effort from submitting multiple loan applications.
You’re probably wondering what the catch is? There isn’t one! Our lender-finding service is completely free. You won’t be charged a fee by your lender by applying through us either. There isn’t any reason to hesitate. If you meet our eligibility criteria you can apply today!
Yes, you can! Bad credit might spell bad news when applying for a loan with a traditional lender like a bank or credit union. But thanks to the introduction of online lenders, there is a multitude of borrowing options for people with bad credit. Pocket Cash can match you with a lender willing to look past your credit score.
Of course, we cannot guarantee we will be able to find you a loan. The lenders we send applications to, all follow responsible lending guidelines. This means they can’t just lend to anyone. They have to conduct a full assessment of your application which will most likely include a credit check.
The short answer is no, Pocket Cash will not conduct a credit check. This simply comes down to the fact that we are not a lender. It is likely, however, that the lender we potentially match you with will conduct a credit check. This is because conducting a credit check is one of the necessary requirements included in the responsible lending guidelines.
The reason you’re probably searching for ‘online payday loans for bad credit’ is that you have a less than perfect credit score. A bad credit score could be the result of a financial mistake you made up to 7 years ago. We don’t think this paints the entire picture. If you’ve shown that you’ve been responsible with your money as of recently, this could give lenders a reason to approve you.
Pocket Cash can find applicants loans between $2,100 and $10,000. However, there are generally said to be 2 types of personal loans. These are medium and large personal loans. The table below shows an example of the requirements of these loans.
|Loan Type||Secured Options||Loan amount||Loan term|
|Medium Cash Loan||Can be Secured||$2,100 to $4,600||12 to 24 months|
|Large Personal Loan||Secured||$5,000 to $10,000||12 to 24 months|
Disclaimer: This is just an example. Every lender differs in terms of loan options
At Pocket Cash, we have a set of basic eligibility criteria that you’ll need to meet. So, to be eligible to apply for online payday loans for bad credit, you must
When you submit an application, we’ll just need to grab a few details from you. Nothing major, this is just so we can send them off to a potential lender to assess. All documents are to be submitted 100% online. That means no printing and definitely no trips to the bank. You can apply from the comfort of your own home! To apply, you’ll need:
Applying for ‘online payday loans for bad credit’ through Pocket Cash couldn’t be easier. You’ll just need to follow the few simple steps we’ve provided below:
To begin, scroll up to the top of this page. Select an amount and a repayment period using the slider. Then simply click ‘Apply Now.’
You’ll then be taken to our application, but don’t worry! It should only take you a few minutes to fill out. You’ll just need to provide the detail we mentioned in the ‘what documents will I need’ section. Make sure to answer every question, as honestly and thoroughly as possible. When you’re finished hit ‘Submit.’
Once we’ve received your application, we’ll get to work. You can sit back and relax while we search for a lender. We will show your application to a number of lenders to give you the best chance of approval. If we’ve found you a suitable lender, we’ll put you straight in touch.
Your lender will then conduct an assessment of your application. If approved, they’ll send through a contract for you to review and sign. We recommend reading this thoroughly to make yourself aware of all the terms (i.e interest rate, fees). When you’re happy, sign your agreement and send it back to your lender (online).
Once your lender has received your contract, they’ll transfer you your cash. If you have an NPP-enabled bank account, you could have the cash in your account and ready-to-use in just 60-seconds!