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Better Than A Payday Loan for People with Bad Credit!

Many borrowers have damaged credit, few assets and no collateral. Combine that unfortunate set of circumstances with an unexpected expense, and the potential for a financial disaster is created. Unfortunately, many people turn to a bad credit payday loan to attempt to fill the financial gap. But the temporary relief from a payday loan is soon wiped out and replaced with an even bigger financial headache. In many cases, LoanNow represents a way out of the payday loan trap.

How Payday Loans for Bad Credit Work

Bad Credit Payday Loans from LoanNowMany payday lenders advertise how easy they make it to get a bad credit payday loan or a loan with no credit check at all.  But what they don’t disclose is why they’re willing to make such loans.  Payday loans get their name from the fact that the basis for approval and repayment are pegged to their borrowers’ paychecks.

Many payday lenders extend credit to almost anyone who can demonstrate regular income – and who agrees to allow the payday lender to automatically deduct payment from their bank accounts.

Repayment differs slightly between loans from brick-and-mortar payday loan stores and online payday lenders.  Many brick-and-mortar payday loan stores pay out in cash on the spot. In exchange, they demand one or more post-dated checks from your bank account made out to the lender, which are deposited on the dates listed on the checks.

Online payday lenders generally make deposits to your account through the Automated Clearing House system on the business day following your approval, and make ACH withdrawals from your account on the due date for the loan.

The LoanNow Difference

If you’re facing a financial emergency and have damaged credit, LoanNow is a better alternative than a bad credit payday loan. Our online-only **application is fast and easy, and most borrowers receive a response within 24 hours.LoanNow Payday Loans for Bad Credit

Approved borrowers may get their money within minutes*, thanks to our innovative Instant Funding technology.

Our repayment plan features manageable monthly installments, not payment up front with your next payday. And there are no rollovers that can jack up the amount that you ultimately repay.

Instead, we work with borrowers who are struggling to make payments to get them back on track. And borrowers who maintain consistent on-time payments qualify for lower interest rates on future LoanNow loans.

LoanNow is also actively engaging with the three major credit reporting agencies: TransUnion, Equifax and Experian to report our borrowers’ good repayment habits. The ultimate goal is to help our borrowers improve their overall credit profiles and FICO scores. No payday lender can make that claim! Try the LoanNow difference for yourself!

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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

LoanNow Score

* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.