6 Tips For Getting Payday Loans For People With Bad Credit

October 26, 2021 | Daniel Dewitt

needs payday loans for people with bad credit

If you’re looking for payday loans for people with bad credit, you may feel doubtful to get lucky and gain approval. Although bad credit does limit your options, you are certainly not without hope. By following the six tips below, you can find out how to get payday loans for people with bad credit and ensure that the entire application and approval process runs as smoothly and painlessly as possible.

Here's How To Get Payday Loans For People With Bad Credit From Online Lenders

1. Look For Lenders That Welcome All Credit Types

There are plenty of lenders that welcome both good and bad credit. If you have bad credit, all you need is to look for vendors that specifically mention that they welcome all credit types, such as Alabama Title Loans, Inc. We accept all credit types giving a chance to applicants from all credit backgrounds to qualify for our cash advance loans.

2. Ask For An In-Person Interview

If you choose Alabama Title Loans, Inc. to cooperate with, then you don’t have to worry about explaining what caused the drop of your credit. But if you decide to work with a lender that you found while Googling “payday loans near me”, chances are you might need to apply more efforts to prove you’re capable of paying back the borrowed amount.

On paper, bad credit can destroy your chances of getting a payday loan. However, you can ask for an in-person meeting so that you can explain why you have bad credit and prove your creditworthiness despite your poor credit score.

During an in-person interview, the lender will be able to get a better sense of your reliability and the reason behind your poor credit score. Because of this fact, you’re more likely to get a payday loan even if you have bad credit when speaking to a lender directly instead of just filling out an online form.

interview with a payday loan lender

3. Plan Ahead For Uncomfortable Questions

Again, this is not something to worry about if you choose Alabama Title Loans, Inc., as we try to make the entire process as stress-free as possible for you. With other lenders though, plan ahead for uncomfortable questions that you might be asked. You can expect the lender to ask about any lawsuits you’ve been involved in, court judgments, bankruptcy, foreclosure, and other similar issues.

If you know you have undergone questionable issues in the past that may show your creditworthiness in a negative light, make sure you plan ahead and have an explanation or answer to the questions. Don’t get caught not knowing what to say when you get asked an uncomfortable question at the interview.

4. Bring Additional Items To Prove Your Creditworthiness

Another part of planning ahead is to bring additional items that can prove your creditworthiness. Your tax returns, pay stubs, job history, all assets, child support, alimony, and all bank statements can help you out. Even though these items are not necessarily required to get a payday loan, they can show the lender that you are worthy of the loan even if your credit score is bad.

Keep in mind that Alabama Title Loans, Inc. accommodates all types of income, including traditional ones, such as paychecks from side-hustles or freelancing as well as alternatives, such as unemployment benefits, social security checks, alimony, and alike.

5. Make Sure To Research The Payday Loan Laws In Your State

Before applying for payday loans for people with bad credit through any lender, it’s important to know the laws for this type of borrowing in your state. If you do, then you will know when a lender is trying to take advantage of you. If that happens, you can report them.

Remember that Alabama Title Loans, Inc. adheres to federal and state regulations requiring disclosures about any charges, extensions, and terms. We inform our clients in writing, about any charges and details of payday loans as required by federal and state law.

researching laws for payday loans for people with bad credit

6. Read And Understand The Contract Terms Thoroughly

It is important to fully understand what each of the terms in your agreement means. Don’t sign the contract unless you have a grasp of what you’ll have to deal with after you put your signature on the paper.

If you choose to work with Alabama Title Loans, Inc., you can rest assured that our qualified representatives will answer all your questions and clarify anything that seems unclear about payday loans.

Why Choose Alabama Title Loans, Inc. For Your Payday Loan

The choice of the payday loan lender is completely up to you, but before you make it, let us highlight some of the benefits of choosing Alabama Title Loans, Inc. for payday loans for people with bad credit:

  • Super-fast process (can take as little as 30 minutes)
  • Minimal requirements (be 18 years of age or older and provide a drivers license or state-issued ID, social security card, most recent paystub, 30-day bank statement, a blank check from an active checking account in your name)
  • Welcome all credit types
  • Accommodate all types of income
  • Up to $500 same day cash
  • We don’t report to credit agencies, and your loan won’t be reflected in your credit report
  • No hidden fees

got a payday loan for people with bad credit

Get Your Payday Loan Today!

A bad credit score can make getting a loan much more difficult, but not impossible. By looking for lenders that welcome all credit, providing additional items, researching the state laws, and understanding the terms thoroughly payday loans for people with bad credit become more attainable.

Alabama Title Loans, Inc. welcomes all credit types, which means we sometimes offer payday loans for people with bad credit. Contact us today to get started with payday loans for people with bad credit via phone at 800-514-2274 or submitting an online inquiry on our website.