Applying Does NOT Affect Your Credit Score
When you have a poor credit history, finding a loan becomes very difficult. Traditional loans close their doors to borrowers with bad credit scores. The most preferred loans for bad credit borrowers tend to be payday loans. Since direct lenders independent of any banks can use their discretion to offer bad credit payday loans (in states that authorize payday loans), they serve as a very commonly chosen borrowing option for people whose credit history doesn't allow them to find more affordable options.
Payday loan lenders can choose to accept low credit scores at their own discretion and at CapitalPaydayLoan, we welcome applicants irrespective of how low their credit score is. This means, that even if your credit score is around 200, we shall consider your application for our loans.
Step 1: Apply for the Loan
Our simple online loan application just takes 3 minutes to fill. The application is fully online and involves no faxing and no paperwork.
Step 2: Accept the Terms
Once all details and documents are verified, we contact you and offer what suits your requirements and eligibility the best. An electronic agreement details this offer and you simply have to agree to the terms and we initiate the transaction.
Step 3: Receive the Funds
All your work is already done by this stage. Shortly after you agree to our terms, the funds are credited directly to your bank account.
Despite being a high risk offering, bad credit payday loans from CapitalPaydayLoan come with a guaranteed approval. What this means, is that if you meet our simple eligibility criteria for loans, we guarantee a loan approval up to an amount that our assessment system deems safe for you to borrow, given your current income.
Here are the eligibility criteria:
Instant approval loans are loans that have a very quick and lean process of approval. One of the ways in which these loans are tuned to be quick, is through eliminating the time-taking credit check process.
When you apply for a loan, our system verifies all submitted details for:
Once these aspects are verified, the information is tallied with our eligibility criteria and depending on that, your loan is approved or disapproved and if approved, then with absolutely no further delay, you receive the loan approval - this is what makes it an instant approval loan.
Online loans from CapitalPaydayLoan have a reputation of being amongst the fastest reliable loan products in the market. Once you apply for a loan, a basic verification process as detailed in the previous section, has to be carried out. On holidays and off-working hours, this can sometimes get delayed due to certain third-party involvements.
Once your loan is approved after these verifications, given that our transactions are automated, the only other steps that may take time are:
So, for a same day credit of our online loans, we advise our borrowers to apply during early business hours of the day and stay connected to act promptly when required. However, since certain steps involve third-party intervention, it is not viable for us to commit that a loan shall be credited on the same day.
Conveniently find the money you need, despite what your credit history has been.
Our payday loans are often used by borrowers to address emergencies that need immediate availability of funds or cash. As discussed in the previous section, when in a hurry, the best one can do is to apply for a loan on the early business hours of the day and stay connected to be prompt on any follow-up steps that are needed for the loan to be processed. Apart from this, keeping documents and details handy during the loan application can be helpful too. This is a list of what we need:
The better quality scans of documents you provide, the easier it gets for us to verify the documents. Also, documents issued more recently tend to be easier to verify than older ones so you can choose what to submit accordingly.
CapitalPaydayLoan is one of the most trusted payday loan organizations that has a reputation for fast transactions and fair transparency. Here are few of the most enjoyed benefits that we offer:
Now that you have understood our services and the benefits of what we offer, you are well-equipped to take an informed decision. Applying online for a bad credit payday loan through CapitalPaydayLoan is a very simple task. Simply hit the "Apply Now" button and you shall be directed to the online loan application page which provides us all we need to get the process started, and we look forward to making a suitable offer for you, shortly!
This service and website is an invitation to send us a Payday loan application, not an offer to make a loan. We are registered with Utah's Department of Financial Institution. If we approve your loan application, the funds will be disbursed from our account in Utah. Utah law governing consumer loan agreements may differ from the laws of the state where you reside. This service may or may not be available in your particular state.
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Consumer Notice: Available loan product types and loan amount limited vary with market. Loans are subject to state regulations, eligibility terms, cerifications, underwriting and approval. Rates, fees, terms and conditions apply. Loan decisions and disbursal times are subject to system limitation. In some cases, verification may require additional processes, which can delay the loan decision.
Short term loans are intended for short-term financial needs and not to serve as long-term financial solutions. Customers with credit related issues and hardships are advised to seek credit counseling.
The credited approval on your application may be based in part or wholly upon information obtained from a national database including, but not confined to TransUnion or eBureau.
Terms such as “instant approval”, “guaranteed approval”, “bad credit ok”, “one hour deposit”, “instant deposit”, “no credit check”, etc. are only indicative. Certain conditions, state laws and safety considerations may require such terms to be deviated from. All loan products are subject to various terms and conditions and various parts of the lending process may be subject to system limitations and third-party verifications which can cause time delays and loan rejections. Some restrictions may apply.
Equal Credit Opportunity Act: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.