Helping Good People Get Better Loans

Check Your Rate
Back to Unsecured Loans

Instant Unsecured Loans for Bad Credit

If you have bad credit, attempting to borrow can be an exercise in frustration. You have no credit cards, banks won’t even consider your applications, and you have little or nothing of value to take to a pawn shop. Under such circumstances, payday lenders advertising instant unsecured loans for bad credit seem like a lifeline.  But what you may be getting yourself into is a pit of financial quicksand that could require months or even years before you are able to free yourself.

financingHow Payday Lenders Extend Credit 

If you’ve never applied for a payday loan, you may wonder how payday lenders can provide instant unsecured loans for bad credit. The fact is that many payday lenders don’t run credit checks with the three primary credit reporting agencies: Experian, TransUnion and Equifax. Their main concern and basis for extending credit is whether borrowers have a paycheck or other steady form of income.  Many payday lenders overtly assure borrowers that “your job is your credit.”

The True Price of Payday Loans

Payday lenders capitalize on desperate borrowers seeking unsecured instant loans for bad credit by charging sky-high interest rates and imposing unrealistically short repayment periods. Many borrowers are understandably unable to repay their payday loans in full, which sets off a cycle of rollovers that often result in borrowers paying many times more than the original amount of their loans before they can finally close the door on their payday loans. Meanwhile, many borrowers are forced to deal with bounced checks, overdraft fees from their banks and collection calls. In the worst cases, borrowers are forced to close their bank accounts and even declare bankruptcy to escape the grasp of payday lenders.

Avoiding the Payday Loan Trap 

There is no doubt that facing a financial emergency can be frightening.  If you’ve been turned down by other lenders, the promise of instant unsecured loans for bad credit can be tempting.  But there may be other choices available.  Many hospitals offer charity care for patients who can’t afford to pay. Utility companies are frequently willing to negotiate payment plans.

If you actually must borrow, LoanNow may be able to provide the cash you need. We look beyond your FICO score to consider your entire financial situation – we say yes when many banks say no. And you’re approved; we work with you to help you qualify for better lending terms for future LoanNow loans.  Why not give us a try today?

Check Your Rate

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.