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Get Your Bad Credit Loan Up To $5,000

Need money for expenses out of the blue? No problem! 12M Payday Loans is here to offer a fast and reliable money solution in any life situation.

How does 12M Payday Loans Work? Learn Now!

Instant Long-Term Loans from Lenders

Saving money is wise and practical. People with a pragmatic approach are believed to be wise in their decisions and investments. This approach helps you save money on special occasions and prepares you for financial emergencies.

But no matter how you prepare yourself, the unexpected is enough to surprise you, making you worry about your next move. This can be anything from a home accident, urgent car repairs, job loss, emergency medical assistance, or other difficult life events.

Instant Long-Term Loans from Lenders

The gravity of the situation is even greater when you are already struggling with bad credit. Considering that most regular lenders will check your credit report first before approving a loan, the chances of getting an instant loan are not that great if you are already dealing with bad credit. 

Emergency loans for a bad credit score are the best financial solution. Unlike traditional lenders who rely on your credit report to check your loan application, these alternative direct lenders use different data to determine whether or not to approve a loan. At 12M Payday Loans, direct lenders perform only soft credit checks that don’t affect your credit report at all. Apply with us and you’ll see it!

What is an Emergency Loan

What is an Emergency Loan?

An emergency loan is a personal loan that you can use to pay a medical bill, repair a car, or cover other urgent expenses. These loans can be secured or unsecured (unsecured short-term loans are common) and can come from an online lender, or some banks.

Check the lender’s qualifications to see if you meet them. Lenders generally have minimum creditworthiness requirements and maximum debt-to-income requirements. Some offer co-signed loan options that may be easier to qualify for.

Find a suitable lender who can finance your unsecured loan quickly (the fastest loan offers are usually the day your loan application is approved or the next business day) and a lender who can provide the loan amount you are looking for. Plus, you’ll repay the loan due to online withdrawal of the total amount.

How to Choose an Emergency Loan?

Compare the total costs

Speed may be your priority, but the total cost of the loan will have a lasting impact on your finances. So look for the cheapest loan, the one with the lowest annual percentage that covers both the interest rate and fees.

Most online lenders offer prequalification, which includes a smooth credit check and allows you to preview your interest rate and term without affecting your credit score.

Review monthly payments

Consider how your monthly loan payments will affect your budget to see if you can comfortably pay it off on time. Use an online personal loan calculator to see how much you can borrow and what rate and term to make it affordable.

Speed ​​of financing

If you are in dire need of cash, consider a lender that has many loan offers (not later than the next business day). While some lenders offer same-day loans, typical financing times are two to seven days.


Gather required documents, including W2 forms, pay stubs, and bank statements, before applying for a loan and immediately answer questions from the lender to speed up the application process.

What Are The Basic Eligibility Criteria For An Online Loan With Same-day Guaranteed Loan Approval

What Are The Basic Eligibility Criteria For An Online Loan With Same-day Guaranteed Loan Approval?

Below are some of the basic requirements that any lender must meet before signing a loan agreement: 

Even if these conditions are met, it does not mean that you will definitely get a loan. Some loan sharks also do a credit check to find out what your credit score is. This helps them understand better if they can get their money back.

How to Get an Emergency Loan with Bad Credit

Bad credit (below 630 as FICO score) doesn’t automatically exclude you from borrowing, but your score is one of the factors that payday lenders value the most when they apply for a loan. Here are some tips to help you get a bad credit emergency loan.
How to Get an Emergency Loan with Bad Credit

Adding a co-signer

Adding a co-signer can increase your chances of qualifying or getting a good loan rate. A co-borrower for secured loans has the same access to payday loans, a co-debtor does not. If you are unable to make loan payments, the cosigner or co-borrower is responsible for the payday loan.

Adding collateral

Some reputable lenders offer secured personal loans that allow borrowers to add collateral to the loan and help qualify borrowers with bad credit scores. If you don’t make the payments, the loan provider can seize the collateral.

Contact a credit union

Members of this union may have access to a small payday loan option. Many payday loans have low interest rates (don’t forget about the origination fee) and minimum loan amounts of around $ 500 or $ 1,000. Some also offer alternative payday loans, which are small dollar loans with an interest rate of 28% or less.

Rely on alternative lending companies

Alternative lending companies are direct lenders who may lend you money even if you have no credit background. In this case, you could build your credit history by taking payday loans for bad credit (or other loan products) and paying them on time. These companies have flexible repayment terms, reasonable interest rates (annual percentage rates) and low origination fee.

Emergency Loan Alternatives

Cheaper loan alternatives are not always quick or convenient, and sometimes you need to ask for help. But we strongly recommend exploring alternatives first, even in an emergency. Here are some possible alternatives to an emergency payday loan.
Get Help
Get help from local nonprofits, charities and religious organizations.

Explore options for paying medical bills, such as a payment plan or an income-based hardship plan.

Installment Loans

Installment loans are the best option when you need more than $1,000. You can borrow up to $5,000 from available loan amounts with installment loans and repay them in fixed monthly payments.

Auto Title Loans

Auto title loans may help you get the money you need due to your vehicle. You’ll use it as collateral to get car title loans. The advantage of these loans is that you are allowed to drive your automobile while paying the car loan.

Emergency Loan or Paycheck

Look to your employer for an emergency loan or paycheck advance, or consider using a loan app like Earnin or Dave.

Family and Friends

If okay, borrow from family and friends.

No Credit Check Loans

No Credit Check Loans

If you are quick on cash needs, but you do not have the biggest credit score, you can also consider a loan of payment or credential to rebuild your credit score. Plus, you can always rely on our network of direct lenders.

They don’t perform hard credit checks through traditional credit bureaus. The lending partners of 12M Payday Loans perform only soft credit checks that don’t affect your credit score score. It means that you’ll be able to take bad credit loans in the future.

What Are The Advantages Of Online Loans Over Conventional Personal Loans?

Bad times or emergencies happen unexpectedly and can happen to anyone. Fast cash loans with same-day confirmation give the borrower the opportunity to receive the loan amount paid into his bank account in a very short time. When you qualify for a regular personal loan, you usually go through a credit check and a few other terms.

But if you choose to go online with same-day instant approval, loan lenders don’t ask borrowers for a thorough credit check or stable income. These terms vary from lender to lender. And this makes online loans more convenient than regular personal loans.

What Are The Advantages Of Online Loans Over Conventional Personal Loans?
Are Online Instant Loan Services The Same As Banks?

Are Online Instant Loan Services The Same As Banks?

No. Put simply, banks are financial institutions whose primary purpose is to keep your money flowing steadily and thus make more money.

But on the other hand, online instant loan service as we 12M Payday Loans is just connects multiple lenders and borrowers. However, all the criteria and conditions for participation are set by the lender and these online financial services have nothing to say about it.

What Can These Online Loans With Same-day Approvals Be Used For?

Online payday loans can be used for unexpected expenses or large purchases when you don’t have savings or don’t want to run out of credit on your credit card. In a real emergency, they are a quick and convenient source of financing for qualifying borrowers.
What Can These Online Loans With Same-day Approvals Be Used For?

How It Works

The process is super fast and simple. It takes minutes to see results and enjoy your extra cash

Submit A Request
All paperwork is gone! The whole process is completely online. Just fill in a few details about yourself and hit “Get Started”!
Check The Offers
If the offer suits your needs and desires, and you agree with all the terms — simply e-sign the deal and get ready to enjoy the money!
Receive Your Money
Once you submit your request, get your offer, and e-sign it, you’ll be able to get the funds to your bank account in no time!

FAQs About Best Payday Loans

A bad credit score refers to poor credit history that reflects your inability to pay monthly invoices on time, which is more likely to be repeated in the future.

A credit line is an open loan granted by a bank or credit union, the ceiling of which is determined by the lender. The consumer can borrow money below the upper limit. After you repay the loan, you can start taking it out as usual. 

A line of credit usually has longer terms and more loan funds than a regular personal loan. Provides flexibility, convenience with monthly payments, and suitable interest rates.

Short-term emergency payday loans usually have to be repaid within a few months, while long-term emergency cash advance loans usually have flexible repayment schedules of up to several years. Both are suitable for people suffering financially and with different needs. 

If you find it easy to pay off a small amount from time to time, a short-term loan is ideal for you. However, a long-term loan would be ideal if you need a large amount to be repaid over a more flexible and longer period of time. Remember that your creditworthiness can affect your ability to obtain certain types of loans.

Online loan companies are as safe as individual banking. They used advanced data encryption technology to provide financial protection for data from hackers. 

However, online lenders will save you a lot of time as you don’t have to go to a bank, or other financial institution, until your emergency loan is processed. You can do the same online, much faster and with minimal effort.

Bad credit is a problem when applying for an emergency loan. However, you may still qualify for some of the best loan companies. 

There is no guarantee that you will be able to get an emergency loan. In fact, with the best emergency payday loans online, chances are you won’t even find a lender that suits your requirements, even those with good credit ratings.

No. Finding a lender with our online loan service is free. 12M Payday Loans partners with direct lenders and these partnerships don’t affect reliable lenders. If any online loan companies require an advance payment or service fee, we recommend that you do not use these sites. In addition, parties that require you to enter your financial details before signing a loan agreement may be fraudulent.

In our company, providing personal information such as name, e-mail address, bank account details is a must as the lender will have to transfer the amount to your bank account after the loan is deposited. But these details will only be released to the lender after the transaction has been made and your loan request (an online form) has been approved by the lender. In addition, we ensure that our website is safe to use. We use various measures, such as encrypted information, to ensure the confidentiality of user data.

Lenders using these online loan approval services offer instant loans ranging from $100 to a maximum of $15,000. Incidence may vary from 1 week to 36 months. This can vary from one lender to another depending on the type of loan and other factors. 

However, the loan amount and repayment duration will depend on your creditworthiness, employment, and repayment ability. This is the most important thing in the lender’s eyes.