You can get a $500 Payday Loan even with bad credit, if you meet simple eligibility criteria such as income, age, etc. Just start a free online application now.
How to get a 500 Dollar Loan?
Many people face difficult financial situations from time to time. Often, the salary is insufficient to cover expenses such as car repairs, urgent medical treatment or emergency purchases. Since most Americans do not have emergency savings, they need money to cover expenses.
However, a 500 Dollar Loan may be your solution as it is quite easy to use. If you are looking for a loan with monthly payments, then the $ 500 Loan is perfect for you as you can get funding within 24 hours! Explore the different types of 500 Dollar Loans to find the one that is right for you.
What types of loans are available?
- Payday Loans
500 Dollar Payday Loan is a short term loan that allows borrowers with bad credit to get financing. Payday lenders offer loan amounts ranging from $ 100 to $ 1000 that you must repay on the day of your next paycheck.
- Title Loans
Title Loan is a secured type of financing where your vehicle title is used as collateral for the loan. In order to get a loan, you must completely own a car. You can get up to 50% of the value of your car.
- Personal Loans
Personal Loan is another option that you can use if you need a 500 Dollar Loan, as lenders offer from $ 100 to $ 100,000. The loan can be both secured and unsecured. You should repay it from several months to years.
- Installment Loans
Installment Loan is a type of financing that is paid in regular monthly installments over a specified period of time.
- Lines of Credit
Line of credit is a predetermined borrowing limit that can be used at any time. The borrower can lend money until it reaches the limit, and after paying off the debt, he can reopen the line of credit.
Can I get $ 500 Loans with bad credit?
Payday lenders approve applications even for bad or poor credit history. They believe that the borrower's previous mistakes should not prevent him from obtaining financing in an emergency.
Moreover, payday lenders often do not require a traditional credit check, as they pay attention to other factors, such as the source of income.
What are the requirements to receive the $ 500 Payday Loan?
In order to get an emergency loan, you need to meet certain criteria. You must:
- Be 18 years of age or older
- Be a US citizen or official resident
- Have a regular source of income
- Have a government issued ID
- Provide an active bank account
- Provide contact details
500 Dollar Loan FAQ
Where can I get $ 500 Payday Loan?
If you want to receive a cash advance from a direct lender, you must consider both an online and offline application. You can find a lender's office near you however the most convenient and safest way to get a quick 500 Dollar Loan is through online application. Study the offers of different lenders on the Internet and choose the one that suits you best.
How fast can I get 500 Dollar Payday Loan?
If you do not know how to get a 500 Dollars Loan quickly, then pay attention to the online application. You can get emergency loan financing within one business day by following 3 simple steps:
- Start an online application
In order to fill out the form you need to provide your first and last name, amount you need and email.
- Get instant decision
The lender will study your data and make an instant decision whether to provide you with a loan or not.
- Approved applicants can receive a 500 Dollar Loan
If you are approved, the loan amount will be transferred to your bank account within one business day (sometimes it may take 1-2 days depending on the time of application and your bank).
How much does a Payday Loan Cost?
The cost of quick 500 Dollar Loans varies from state to state and also depends on the lender chosen. Typically, the rates range from $ 10 to $ 30 for every $ 100. Thus, the $ 500 loan will cost between $ 50 and $ 150.
What happens if I don’t pay a $ 500 Loan?
If you think that you will not be able to repay the debt, then it is worth contacting the lender in order to develop a repayment plan or rollover. However, if you are already late in payment, you may be charged a late payment penalty fee. Also, the lender can contact the collection agency in order to get his money back.