i need a $500 now
i need a $500 now

Apply Online for a 500 Dollar Loan and Get Money Instantly. Bad Credit OK.

  • Fast Approval
  • Bad Credit Accepted
  • Immediate Cash
  • Direct Deposit and Same Day Decision
  • No Hard Credit Checks!

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Get Fast Cash with a $500 Loan from 1F Cash Advance

When you are short of cash, 500 dollars may save the day. If you have an emergency issue, don’t let the problem grow bigger. Apply for a 500 dollar loan from 1F Cash Advance now and get the money online the next day or sooner.

What Is a 500 Dollar Payday Loan?

A $500 payday loan is short-term financial support that is designed for emergencies. Usually, you should repay it within 14 to 30 days, but some lenders can offer borrowers a $500 loan with monthly payments.

500 dollar loans are known for their high approval rates. Even people with bad or no credit can easily access them. These faxless payday loans with instant approval and no credit checks give everybody equal chances to deal with financial emergencies.

Benefits of 500 Dollar Loans from 1F Cash Advance

Getting a $500 loan from 1F Cash Advance is always safe. We work with licensed lenders only and use modern security services to protect your personal data. Our lenders prioritize fast application and funding processes. The whole procedure of getting money takes as little as one business day.

We know how hard it may be to find an affordable option with bad credit scores. That is why we offer competitive interest rates and provide assistance to people with any credit. We strive to make the whole process a convenient experience. You can apply remotely in a few clicks and get the money via direct deposit into your bank account.

Apply for a $500 Cash Advance

How Can You Use a $500 Loan?

Payday lenders set no restrictions on how to use the money. Most clients choose 500 dollar loans to pay for emergency expenses such as medical bills, car repair, utilities, rent, and more. 1F Cash Advance never asks your reasons for taking the loan. Your financial matters remain private.

A $500 Loan with No Credit Check – How Is It Possible?

$500 loans with no credit check are loans without hard financial verifications. When you apply, a lender makes a soft inquiry and sends you a response that is based on your solvency. Thus, having a sufficient income is all you need to apply through 1F Cash Advance!

Will a Lender Perform Any Checks for a 500 Dollar Loan?

Direct lenders need to check your solvency before they approve you for a loan. However, these checks have nothing to do with hard pulls through major credit bureaus. Payday loan lenders use alternative data companies to get general information about you. Thus, your credit score won’t drop.

Eligibility Criteria for a 500 Dollar Loan

The requirements for getting small payday loans online are basic:

  • Be 18 years of age or older;
  • Be a citizen or a permanent resident of the US;
  • Have a steady source of income (wage, alimony, benefits, etc.);
  • Have an active checking account;
  • Provide contact information (email, cell phone number).

The requirements may vary depending on the lender and state. Some state laws can also add additional criteria, such as a higher minimum age. However, most of them are easy to meet by the average citizen.

How Does an Online $500 Loan Work?

Getting a $500 loan starts with completing the application process. Fill in the online form on our website to get started. We will share your application with trusted direct lenders. The whole process takes nearly 5 minutes and is fully digitalized. The lender will review your details and send you a response within 1 hour or less.

If you get approved, carefully read the loan terms and conditions. Pay special attention to fees, costs, APR, interest rates, and others. If you don’t have any questions, sign the agreement.

Finally, receive the funds. The money will arrive in your checking account by the end of the same day or the next business day. This depends on the lender’s cut-off times.

After you get the money, you can use it to cover your financial needs right away. On the due date, the lender will extract the necessary sum from your account. Make sure you have enough money in there to avoid late repayment fees.

What Kinds of $500 Loans Are Available?

Traditional direct lenders may not even consider a $500 loan. More than that, you must have good credit to qualify. Fortunately, more innovative lenders make it easy to get a $500 loan and offer various options, which include:

Payday loans

Payday loans are the simplest way to get a 500 dollar loan with no hard credit check. Usually, these loans are short-term, with lenders expecting you to repay them in 2 to 4 weeks.

Car title loans

Car title loans allow you to get a couple of hundred or even several thousand dollars for a few months. The main rule is that you pawn your car to get the funds. You’ll still be allowed to drive it but risk losing it if you don’t repay your debt.

A $500 dollar loan with monthly payments

If you need a longer-term solution, a $500 loan with monthly payments is a great option. You can repay it in fixed installments instead of paying all at once. Loan terms are typically between 2 and 24 months.

Can I Get a $500 Loan with Bad Credit?

Yes, you can! Although banks and credit unions stay conventional and always pay attention to your credit score, 1F Cash Advance goes ahead. We don’t perform traditional credit checks. Our loan providers are more focused on your income to make sure of your ability to repay.

What Should I Do to Increase My Chances of Getting a $500 Payday Loan?

Here are some tips on getting approved when you take out $500 loans:

  • Avoid late payments.

    If a lender sees that you fulfill your financial obligations on time, it will more likely want to deal with you.

  • Use connecting services that partner with multiple direct lenders.

    At 1F Cash Advance, we have offers from multiple credible lenders. This makes it easier to find the right one that will approve you.

  • Prepare income confirmation.

    If your income is sufficient, you can usually get a loan without a problem.

Frequently Asked Questions

I need 500 dollars now. What can I do?

You have the option to borrow from friends and family. However, if you would like to keep your financial matters to yourself, you can take a payday loan.

I need a 500 dollar loan. Can I get it with no job?

Most online loans are available for unemployed people as well. However, you still need to have a source of income. It can be self-employment, child support funds, social security, inheritance, a pension, disability funds, unemployment benefits, and more.

How fast can I get a $500 payday loan from a direct lender?

Short-term loans normally arrive in your checking account as soon as the next working day. Some lenders can also make same-day deposits.

Can I get $500 with a bad credit score?

Credit scores are of low importance when getting a loan online. The lenders do not check your credit but focus on your ability to repay the loan. If you have a steady source of income, there is no problem applying for payday loans.

How much money can I get from bad credit payday loans?

Bad credit payday loans usually offer loan amounts between $100 and $1,000. However, the sum that you can get always depends on your income. Also, your state may set loan amount caps. For example, California borrowers can't get more than $300.

How Should I Repay My $500 Cash Advance?

This depends on the type of loan you use. Payday loan repayment terms are between 14 to 30 days. You should pay it off in one lump sum. $500 loans with monthly payments can be repaid in parts within 2 to 24 months. This process is usually automatic. The lender withdraws money electronically from your bank account.

What to Expect If I Can't Repay a $500 Cash Advance on Time?

Late payments always result in extra costs. The lender can charge late fees and other penalties that will increase your total loan costs. Also, it can send your account to debt collection agencies. This will negatively affect your credit score.

Do I Need Collateral to Get a $500 Loan?

Most $500 loans (except for title loans) are unsecured options that are not backed by any asset. Your signature is enough to get the money.

How much will a $500 payday loan cost?

Usually, lenders charge $10 to $30 for every $100 borrowed. It means that if you take a $500 payday loan, you will have to repay between $550 and $650. The costs can vary depending on the lender and state.

Latoria Williams

Written by: Latoria Williams

Updated: Nov 6, 2023