Answers about Payday Loan Alternatives

Borrowers and Lenders

Online lenders want to establish a financial relationship with borrowers. They provide a confidential and secure platform for borrowers to access financial services. Once a customer, borrowers can apply for additional credit, request new loan terms, and utilize other benefits available to borrowers.

What is a better alternative to a payday loan?: A payday loan alternative is a short term cash loan that doesn't require collateral, has fair interest rates, and friendly terms. In contrast, a payday loan usually neglects the borrower's ability to repay the loan, may require a car title or other collateral, and includes interest rates averaging over 400%.
What can I pay for with short term financing?: A short term loan has no restrictions regarding to how it's used. Purchase an oven, repair a car, rent a storage unit, or pay bills with a short term loan.
Does having bad credit hurt my chances for getting a short term loan?: No, having bad credit does not hurt your chances for getting a short term loan. In fact, applying for a short term loan is a preferred alternative to a payday loan.
Are there income requirements for short term loans?: Your net household income will impact how much you are able to borrow. That said, income requirements for short term loans tend to be quite lenient.
When do I have to repay a short term loan?: There are many loan products available. The repayment period will be determined by which short term loan product you choose.
What interest rates are available for short term loans?: Interest rates are tied to credit scores. Plus, how much you choose to borrow and the loan's terms can also factor into determining interest rates.
Do I have to have a bank account?: Yes, you or someone you know must have access to a bank account. Usually cash is deposited into a checking account in as little as 2 days.
Are short term loans only for people with bad credit?: No, borrowers from all credit backgrounds apply for short term loans. Sometimes borrowing only a small amount of cash is all you need and in your best interest.

Find a Short Term Loan

What You Should Know

Zero Collateral

Applying for short term loan products with no collateral requirements means borrowers won't lose any assets in the event of a default.

Lower Interest Rates

Payday loan alternatives generally provide borrowers with a lower interest rate than payday loans.

Small Dollar Cash Loans

Short term loans can be used for bills, transportation, a mortgage, medical costs, and other general expenses.