When looking for payday loans in Cincinnati or bad credit loans, you probably have bad credit, you already know that getting even a small loan can be almost impossible. That’s why bad credit loans were created; they make it possible for those with bad credit to get cash in an emergency. And you can apply now for an instant loan decision!
|Short Term Personal Loan||$15 fee|
|Bounced Check||$32 fee|
|Late Credit Card Payment||$37 fee|
|Late Utility Bill||$46 fee|
*Based on $100 loan or $100 balance on existing accounts. This shows average fees – your rate may differ.
Who Can Qualify For Payday Loans In Cincinnati?
If you have Internet access and a bank account in your name, you can qualify for payday loans in Cincinnati, even with bad credit. It’s easy to apply for a cash advance loan, and the application process takes only minutes. Simply complete our short and secure online application form, and you’ll receive an instant decision.
Get Cash Now — Even With Bad Credit
Life is full of surprises. Everything does not always go according to plan. It can be challenging to cover financial emergencies even if you have good credit. If you’re living from paycheck to paycheck and you also have bad credit, making ends meet in a financial emergency might not even be possible.
Who Can Qualify For A Bad Credit Loan?
Our lenders specialize in providing borrowers with bad credit the cash they need for emergencies. Not everyone can maintain a great credit score. Our lenders evaluate bad credit loan applications according to a variety of criteria, and each application is considered apart from the others. If you have an income, chances are that you will qualify for a cash advance — even if you have bad credit.
Borrow Up To $1,000 — Even With Bad Credit
With a Cincinnati payday loan, you can borrow anywhere from $100 to $1,000. The typical loan amount is between $300 and $500, but you may want to borrow more or less. The amount you borrow is up to you, and you are free to use the cash however you wish.
Flexible Cash Advance Repayment Policy
Payday loans in Cincinnati are generally due in full when you receive your next paycheck. However, some of our lenders are willing to work with you by extending the due date for 45 days from the date of your loan. There are also lenders who will allow you to repay your loan in installments.
Payday Loans in Cincinnati — Terms And Fees
Fees for Cincinnati payday loans are generally between $15 and $30 for every hundred dollars that you borrow. Fees are not higher for borrowers with bad credit. Be sure to check with your lender. Cash advance fees can differ from one state to another.
No Need To Fax Information
When you apply for a payday loan online, you’ll be asked to provide all the information our lenders will need to process your loan. The online application form is on a secure web page, and your personal information is always confidential.
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APR: The equivalent annualized percentage rate for payday loans and other short-term installment loans ranges from 547.5% to 999.45%, based on the amount and the length of the loan. Larger loans with longer payback periods have lower interest rates. While this sounds large, one must consider that these loans are only meant to be for a very small time-frame, usually 2 weeks. Annualizing other fees in the same manner results in APR of 2336% for a returned check fee of $32 against a $100 check, a 965% fee against a $37 credit card late fee or over the limit fee, or a 1203% APR for a typical $46 reconnect fee by a utility company.
Financial Implications: Short term payday loans are meant to be just that: Short term. Typical fees range from $15 to $40 for every $100 borrowed up to $500.00. Fees per $100 begin dropping on loans larger than $500.00. Fees are typically less than what borrowers can expect to pay for bouncing a check, having a utility disconnected, or paying a credit card bill late.
Collection Practices: If a loan becomes delinquent, attempts at collections are first conducted internally, primarily through telephone, an attempt to work out a pay-off arrangement that takes into strong consideration the financial condition of the borrower. If, after all attempts at internal collections have failed, the lending agency may send the loan to a third party collection agency in an attempt to recover the funds lent in good faith.
Credit Score Impacts: Short term, payday loan lenders may rely on your credit report and are not limited to any of the three (3) major rating agencies – Equifax, Experian, or Transunion. Generally, the borrower doesn’t have to bear concern that their score may be affected by having the loan request determined by results from these agencies, however, such determination is solely in the discretion of the payday loan lender(s), which may result in the lender(s) submitting, among other things, the borrower’s request for the loan, or the subsequent payment(s) under the loan to any of these agencies. Short term lenders may also rely on their own scoring criteria, which is generally based on income and ability to repay, as well as the borrower’s payment history of any previous payday loans that have been made with the lender in question, or with other payday lenders.