Payday lenders do not perform credit checks. Instead, they use sophisticated databases to verify your loan request information. The number one factor for qualifying is to have a steady income of at least $1,000 a month. This helps the lender ensure you can pay back the loan on the date agreed upon. As a result, having bad credit is not a real issue for these types of loans.

Payday loans no matter how bad your credit is- are offered for immediate financial emergencies and should only be used for that purpose. If you can qualify for an installment or bank loan, you will pay less for the loan and will have a longer time to pay it back.

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Author's Bio: 

Robin Williams is an Executive at CashOne, which serves to connect consumers across the U.S. quickly with its authorized lender network for payday loans online. Robin has more than 20+ years’ experience in Administrative Management, with several years in the lending industry.