Can I get a Payday Loan With Bad Credit?
Yes you can get a payday loan with bad credit. Provided you have a stable income and a checking account it’s highly likely that even with poor credit you will be eligible. The most important consideration is your ability to repay the loan. We are aware that your credit score alone does not reflect your creditworthiness.
With bad credit, the terms of the loan may change slightly. This could be reflected in higher rates being charged or the desired amount you’d like to borrow being reduced. As long as you can show you have sufficient future income to service the loan, you will be accepted.
What Can Payday Loans Be Used For?
Payday loans are often used to immediately pay emergency expenses, when you lack the resources to sustain you until the end of the month. These expenses are often crucial for basic day to day living or are unexpected urgent situations. Examples include;
- Boiler repair
- Energy bills
- Car repairs
- Funeral expenses
- Medical bills
- Urgent home repairs
- Unexpected child care expenses
- Laptop repair
Despite our best efforts to save and manage our finances to cover off all our monthly expenses, unexpected expenses can arise and life situations can change. In these circumstances, payday loans can provide much needed breathing room allowing you to stay on top of your finances.
What Do I Need to Apply For a Payday Loan?
The eligibility criteria is as follows;
- 18 years of age
- Have a social security number
- Resident of Texas
- Stable salary
- Ability to repay the periodic loan obligations
- Checking account for payday loan to be sent to
- Email address validate loan
- Working cell phone number to verify loan
- Residential address in Texas
- Total monthly loan repayments cannot exceed 25% of net income
To be able to correctly assess your ability to repay we will want to see your financial commitments, including existing loan obligations and other regular bills.
How Can I Get a Payday Loan?
Simply apply online with WeLendUs today. The application process takes only 5 minutes and you will receive an instant decision. We understand that needs are pressing and are able to provide you with funds almost immediately. Applications are funded on same or the next working day.
Why use WeLendUs for Instant Loans in Texas?
At WeLendUs we pride ourselves on our ability to provide you with one of the most competitive payday loans on the market. Being entirely online, we allow you to instantly receive the most affordable rates.
Our highly flexible terms mean you can get the exact deal you require. You have the power to choose when you repay, how often you pay and exactly how much you need to borrow. Meaning you can rest assured you will receive the best loan options possible for you.
We do not charge any hidden fees and you can repay the loan early without incurring any penalties. We are aiming to fund your account the same day provided applications were made before 4pm. Applications made after 4pm will be funded the next business day.
Trust and security means everything to us.We operate as a Credit Access Business by the Office of Consumer Credit Commissioner. We are also licensed by the Delaware State Bank Commissioner. This means your personal details are secure and entirely protected. Apply now online and get an instant quote today.