Is It Possible To Get A Loan With A Bad Credit Score?

Payday Loans

With the onset of the pandemic, many people lost their jobs as well as their credit scores, making it harder for them to sustain themselves as their pay was not enough by the end of each month. However, it is not impossible to short-term loans or immediate loans even if you have a bad credit score. To do this, one needs to opt for cash advance loans or the ‘payday loans,’ as they are commonly known.

What are payday loans?

As the name itself suggests, a payday loan is a short-term and immediately available loan which is given by a third-party lender who does not usually report to the credit bureaus even if one is overdue on their payment. These loans are usually given on the principle of how much the loanee earns with each paycheck and how much they would be able to pay based on it.

Payday Loans

One usually has to provide a pay stub before applying for a payday loan — however, the process is quick and can help one out of a pinch when needed. Unfortunately, it is not too wise a way to loan money, especially if one is planning to do so quite frequently since it has a high-interest rate which can be troublesome if left overdue.

Furthermore, these loans are not available in every state since the laws in many states do not have laws to regulate the rate of interest and high fees on these payday loans, which can result in exploitation if left unchecked.


In the end, payday loans are a good way to tale immediate loans even if one has a bad credit score since they do not declare the loans to the credit bureaus, giving the loanee a breather. Thus, anyone aiming to get one can visit: