Best Payday Loans Near Me – Open 24 Hours – Bad Credit & No Credit Check Options

Borrow $300 over 2 weeks, this will cost an additional $45.00 in interest ($15 per $100), total repayment is $345.00 based on a representative APR of 400%.

If you are looking for payday loans near me, you have an option between visiting a local store or applying online with lender such as Harpsey. Whether you need to borrow $300 or $500 for an emergency purpose, using a payday loan can be a fast and effective option, giving you the funds you need upfront.

Simply use our calculator and click on ‘Apply Now’ to get started. You will receive an instant decision on the screen and funds are usually available in 1 to 24 hours or the same day.

What Are Payday Loans?

 

Payday loans are often an advance on your monthly income so instead of waiting until your next payday from work, you can receive the money upfront. You can borrow $300, borrow $500, or even thousands.

Also known as a payday advance, this type of loan is designed to help you pay for any pressing or immediate expenses, so you can receive the money in one lump sum upfront to pay off your expense and then repay the loan in full on your next payday from work.

Some payday loans last just a few weeks, but some can last a few months, giving you the option to repay over monthly installments.

How Do Payday Loans Work?

Step 1 – Apply for a loan at a store or online

Complete information including how much you wish to borrow, how long for, your name, date of birth, address, employment, income and bank details.

Step 2 – The lender will carry out checks

To determine your eligibility, the lender will use a credit reference bureau to check your credit score and evaluate how much you can afford based on your income and other ongoings. 

Step 3 – Instant decision and loan offer

Lenders and brokers will be able to carry out thousands of checks in just a few seconds and be able to give you a decision showing how much you can borrow and the rates provided. 

Step 4 – Sign the loan agreement

If you go to a payday store, this will be presented in person and if you apply online, you will be able to sign digitally. This will show you all the terms of your loan agreement including the rates, fees, cancellation policy, early repayment and more.

Step 5 – Receive your payday loan

Following signing of the agreement and further checks, your loan can be transferred in one lump sum to your bank account immediately and often within 24 hours.

eligible payday loans

Why Apply For Payday Loans With Harpsey?

By using Harpsey, you are able to find the best payday loans near me. Acting as an online connections service, you are able to enter your details and the system will match you instantly with the best local company that is open or with a 24 hour lender. The service is completely free of charge and will not impact your credit score.

When making a loan request online, the application takes less than 5 minutes to enter your details and after further checks, you can get money in your bank account in 1 hour or the same day.

If you have bad credit or are looking for no credit checks, do not worry, the lenders are able to consider all kinds of histories, subject to proof of income and employment.

Key Features

  • Borrow $100 to $5,000
  • Repay over 1 to 6 months
  • Rates from 6.9% to 400% APR
  • Instant decision
  • No fees for applying
  • Bad credit considered

 

What is The Eligibility Criteria For a Payday Loan With Harpsey? 

 

If you fit the criteria below you can apply and receive an instant decision with the best offer from our US and Canada lenders.

  • You are a full-time US or Canadian resident
  • Have a SSN
  • You are over 18 years of age
  • You earn at least $500 per month
  • Have a bank account where we can deposit your funds
payday loans near me

Where Can I Get A Payday Loan Near Me?

Your options are to get a payday loan near me from a local store (there are over 23,000 across the US) and here you can line up during opening hours, complete an application form and then if approved you can receive your cash in hand. Otherwise, you can apply online with a company like Harpsey to get an instant decision and receive your loan in 24 hours.

Can Harpsey Offer Me Payday Loans for Bad Credit?

 

Yes, if you are looking for payday loans for bad credit histories, this is something that we can help with. We work with a number of US lenders and many of them offer bad credit loans.

We appreciate that not everyone can have a perfect credit score and there are options available if you have fair or bad credit. Perhaps we can slightly adjust the amount you have requested to borrow or the rate charged will be a little higher.

If you have a regular income and stable employment, you can certainly be eligible for the loan you need. In some cases, we may just require proof of income, just to ensure that you can repay your loan without falling into financial difficulty.

Harpsey Pros

 

  • Online application
  • Open 24 hours incl. weekends
  • Instant approval
  • Free to apply
  • No impact to credit score
  • Safe to enter your details
  • Can repay in installments
  • Get loan offers from multiple lenders
  • Option to repay early

 

Harpsey Cons

 

  • Not guaranteed loans
  • Bad credit scores may pay higher rates
  • No credit check may require use of collateral or cosigner 
  • Connected to a high approval loan but it may not be the cheapest
  • May only be paired with one lender

Can I get a Payday Loan with No Credit Checks?

 

Yes, it is possible to get a payday loan without credit checks – but most US lenders will carry out a credit check to confirm your eligibility.

It is possible to get loans with no credit checks, such as applying with a credit union or borrowing from family and friends. Or you can consider using secured loans or title loans that use your car or home as collateral – where your eligibility is based on the value of your collateral, rather than your credit score.

But even if you are trying to avoid credit checks for the fear of being declined – do not worry. The lenders that work with Harpsey are able to take a view on different credit histories, with a number of them specialising in bad credit. Provided that you have a stable employment, regular income and can afford monthly repayments, you can certainly get the loan you need.

Is a Payday Loan Right For Me?

 

A payday loan certainly serves a purpose when you need to pay an emergency bill and have exhausted all other options such as asking for money from family and friends or using low cost credit cards or similar.

Or sometimes, if you need a fast payday loan and understand that you can get it in 1 hour or 24 hours, then it is worth it.

However, it is important to remember that payday loans carry higher interest rates than other typical financial products and failing to repay on time can cause additional fees, penalties and long term damage to your credit score.

Therefore you should not use a payday loan if:

  • You cannot afford to pay it back
  • You are unemployed
  • You are using it to pay other loans
  • You plan to use other loans to pay it off
  • You are using it as a long term solution to financial problems

What Are Payday Loans Near Me Commonly Used For? 

 

If you need a payday loan for an emergency, this may include: auto repairs, childcare costs, divorce settlements, house repairs, medical bills, funerals, to pay family and friends, pay rent, tax bills and vet bills.

How Much Does a Payday Loan Cost? 

 

Based on an example from Harpsey: Borrow $300 over 2 weeks, this will cost an additional $45.00 in interest ($15 per $100), total repayment is $345.00 based on a representative APR of 400%.

Source: ConsumerFinance.gov

How Do The Repayments Work?

 

You will usually schedule a repayment date which is the day you get paid from your work: your payday. The money will be collected automatically from your bank account using ACH authorization and the lender will send you email and SMS reminders on the days just before.

You will be able to clear your loan in full, or it will be in separate monthly repayments if you have chosen an installment loan instead.

You have around 48 hours to cancel your loan without being charged any fees and you always have the option to repay your loan early – you will just be charged the interest that accrued until that point.

 

Useful Guides

Are payday loans installment or revolving?
Are payday loans safe?
Can I cancel my payday loan?
What to consider before applying?

FAQs

If you cannot repay your loan on time, you may be charged a late fee, additional interest and this could damage your credit score.

Therefore, if you realize before payday that you are going to struggle to pay your loan on time, you should speak to your lender as soon as possible. The company may be able to delay repayment or offer a payment plan to avoid you going into debt and being charged extra fees.

If you are struggling with debt long-term, you may find that it is worth speaking to a debt charity or debt counsellor to help you. Payday loans are not designed to help people with ongoing debt problems and should only be used when you are certain that you can pay them back.

Loan amounts with Harpsey range from $100 to $35,000 based on factors such as income, credit score, affordability and any outstanding debts that you may have.

You can set up a repayment schedule that pays off your loan in 1 month all the way up to 60 months in equal monthly installments to stretch out your repayments.

You can always repay early if you would like to. If you do, you can save on interest.

The closest and most sensible alternative to payday loans is borrowing money from family and friends. This is usually a free way to borrow money and comes with no credit checks, but just trust and a desire to help a close friend or family member in their time of need. It is important to have some kind of repayment expectation between parties or it can lead to some family conflict.

Other low cost options include 0% credit cards (if you are eligible) or speaking to a credit union, which is typically cheap because it is a non-profit organization.

For other loans with bad credit, you can use cosigner loans, where you get someone you know to agree to repayment on your behalf. You can also consider title loans secured against your car, whereby you temporarily agree ownership of your vehicle to the lender in exchange for 25% to 50% of the car’s value.

This can be another fast way to borrow money, but it can come with high interest rates and you can risk losing your car if you do not make repayments.

Harpsey is a broker meaning that we pair you with the best lenders for your financial needs. We do not charge you any fees for using our service, instead taking a small fee from the lender if your application is successful.

For weekend payday loans, you may find that some stores have restricted opening hours and may only be open on weekdays or just mornings on the weekend. However, if you apply online, most lenders are able to fund 24 hours a day and 7 days a week. 

But if there are any manual checks required such as a phone call from the lender or they need to request proof of income or employment, they may only ask for this on a work day, so applying during the week will usually maximize your chances of getting quick funds.