1-Hour Payday Loans for Those With No Credit or Bad Credit

When financial emergencies pop up, you may need money far quicker than a standard loan can accommodate. In fact, a traditional loan through a bank can take days to process while some financial emergencies need to be resolved in under 24 hours. 

One way to handle immediate financial emergencies is through the use of a fast, 1-hour payday loan. These loans are useful for those with poor or no credit as they have far looser regulations when making approval decisions. In fact, these companies don’t perform hard credit checks in most cases, making them the best chance for those with bad credit to get fast, emergency funds. 

1-Hour Payday Loans – Quick Facts 

  • 1-hour payday loans are intended for short-term use: There are higher interest rates on these loans and should only be used to solve immediate financial emergencies. 
  • 1-hour payday loans come in a variety of amounts: Loans can be accessed between $50 and $1,000 depending on your state of residence. You should only request the amount you need to avoid the inability to repay the loan. 
  • The repayment period on 1-hour loans is very short: The loan will be automatically withdrawn from your account on your following payday – usually in 2 – 4 weeks. 
  • The loan application is instantly processed: You will get the results moments after submitting your online form. 
  • You don’t have to have perfect credit for a 1-hour payday loan: Payday loans look more into your income and ability to repay than your overall credit history. 

When Is It Appropriate To Apply For A 1-hour Payday Loan?

Payday loans are intended for emergency financial assistance. The interest rates (APR) are high – 10% to 25% – and the continuous use of these loans can lead to a worsened financial situation. These loans are appropriate for handling emergency situations like a medical bill, tuition cutoffs, outstanding energy bills, and other similar issues. 

1-hour loans should not be used for non emergencies like vacation funds, non-essential shopping, etc. 

Is it true that 1-Hour Payday Loans Don’t Require a Credit Check?

It is true that payday loans are usually approved for the majority of applicants, even if they have bad credit or no credit. In fact, most lenders won’t perform a credit check against the main bureaus. 

Instead, lenders tend to focus on your current work and ability to repay. 

Lenders will perform something called a soft check, but this does not affect your credit report or leave any trace of the check. 

The Eligibility Standards of Payday Loans

Though the specifics of eligibility can differ depending on the location from which you apply for your payday loan, some requirements are the same across the board. Those basic requirements include:

  • Age: applicants must be 18 or over
  • Citizenship: applicants must be a US Citizen or permanent resident
  • Work History: applicants must be able to prove their employment and ability to repay
  • Contact Info: applicants need to provide a phone number and email address
  • Banking Info: applicants need to provide accurate banking information for auto withdrawal 

1-Hour Payday Loan Application Process

Applying for a payday loan is fast and simple thanks to our secure application form. We have put together a huge network of reputable lenders. When you fill out the form on our site, you will instantly be applied to these lenders and instantly put into contact with one who approves your request. 

This keeps you from wasting hours applying to multiple lenders who may or may not approve your application. Additionally, our form will help you avoid negligent lenders and unfair lending practices. 

Once you’ve submitted your form, you’ll get an instant response. If you are approved, you will be forwarded to your lender’s site and be given the option to review the loan terms and agree to the loan. If you don’t like the terms, simply leave the site without signing or agreeing to anything. 

After you have signed any forms with your lender and provided any required additional documents, you will be eligible to receive your funds. 

How to Know if a Lender is Right for You

A good, reputable lender should meet a few different standards during your application and signing process. 

First, ensure that any lender is appropriately certified through the Better Business Bureau (BBB). This information can be found publicly on the BBB’s website. There, you will also find the customer satisfaction rating for the lender, which can be another clue toward their reputation.

Second, make sure that the lender offers the services and loan amounts that you need. A lender can be reputable but not have the specific services that you require. For instance, If you need money fast, don’t settle for lenders that have a long waiting period for funds.  

The last thing to consider is the terms and behaviors of the lender during the contract signing process. If the lender does shady things, like changing the interest rate in the contract or refusing to provide contact information, then you shouldn’t sign their contract. These types of lenders can treat you unfairly and leave you in worse financial strain than before.