Get $500 Dollar Loans in Seconds!
- Instant Decision
- Bad Credit OK
- Fast Cash from Direct Lenders
- No Credit Check
When you are short of cash, 500 dollars may save the day. If you have an emergency issue to solve, don’t let the problem grow bigger. Take a quick 500 dollar loan now and get the fast cash in your account the next day or sooner. No matter your credit score, you can submit the online application and get approved for a money loan without a credit check today!
What Is a 500 Dollar Loan?
A payday loan is short-term financial support that you can get whenever you need cash for an emergency payment. Usually, you should repay the loan within one month when you take payday loans. However, some payday lenders allow borrowers to extend the repayment period and get a $500 loan with monthly payments. It is done to ensure that the customer will have no late penalty fees and an overall relaxed repayment. Ask your service provider specifically about it. No matter the repayment type, the money arrives in your bank account the same day or the next work-day after approval.
Another benefit of a 500 dollar loan is the high approval rate. Even people with bad or no credit can apply for a payday loan and get the money quickly. These faxless payday loans with instant approval and no checks give everybody equal chances to deal with financial emergencies on time.
How Can You Use a $500 Small Payday Loan?
For short-term cash advances, there are no limitations on how to use the money. Most clients choose a payday loan to pay for emergency expenses such as medical bills, car repair, utilities, rent, or other important things. Our team and the network of direct lenders we work with will never ask you your reasons for taking the loan. Your financial matters remain private, and you can choose the cause of spending yourself.
Eligibility Criteria for a $500 Cash Loan
The requirements for small dollar loans are basic, and most customers immediately fit into the frames. To get a loan for 500 dollars, you have to match the criteria below.
- Be 18 years of age or older;
- Be a citizen or a permanent resident of the US;
- Have a steady source of income, whether it is a job or other payments;
- Have an active checking account.
You will also have to have an active email address for registration. The requirements may vary slightly depending on the lender. Some state laws can also add additional criteria as a higher minimum age. It would be best if you researched the requirements for your exact place of residence before applying. However, most of them are easy to meet by the average citizen.
How Does a $500 Loan Work?
The first step in getting $500 dollar loans is the application process. You fill in the online form with your details and the loan amount you want to borrow. We suggest you double-check the information to avoid any typos or untruthful information. You click submit, and we receive your form!
We automatically send your loan application to our network of direct lenders. Some of them accept the request, and we select the most suitable provider for you. This process takes only a couple of minutes, and it is fully digitalized. The lender contacts you instantly and provides you with the contract.
Carefully read the loan terms and conditions, especially things like fees, costs, APR, interest rate, and others. If you don’t have any questions, sign the agreement. The money will arrive in your checking account by the end of the same day or the next business day, depending on the lender’s cut-off times.
When you get the money, you are free to use them 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 so you avoid late repayment fees.
What Kinds of $500 Loans Are Available?
Most loans are for pre-planned expenses: buying or renovating the house, going to college, and so forth. For doing this, you’ll need a larger amount of money, and the traditional direct lender may not even consider a $500 loan. The process of getting any type of loan with a bad credit score becomes unfair for many consumers.
Fortunately, more innovative lenders make it easy to get a $500 loan, which comes up with the following types:
- Payday loans are often the most simple way to get a 500 dollar loan, even with no hard credit check. Usually, these loans are short-term and lenders expect you to repay them in few weeks.
- Car title loans allow you to get a couple of hundred dollars or even several thousand for a longer-term (commonly few months). The main rule is that you pawn your car but you’ll still be allowed to drive it. If you’re not able to keep up with payments, the lenders take it to repay your debt.
- A $500 personal loan is a term loan, which means that you repay it in monthly installments instead of all at once. Nowadays, you can choose between a large number of lending companies that’ll provide you $500 installment loan online.
Can I Get a $500 Loan with Bad Credit?
Yes! People with a bad credit score can take a loan of $500 with no problem. The reason you cannot take a bank loan with a poor credit history is the hard credit check. Payday lenders don’t perform traditional credit checks. They use no teletrack to find out your credit rating but only conduct soft credit inquiries. These credit checks resemble a simple overview of your credit profile, rather than digging into the details.
Because no payday provider uses hard checks, they approve more borrowers. Also, it takes less time than a traditional review, so you get the loan decision faster. Lastly, the way you are handling the online $500 payday loan will not affect your current credit report.
Frequently Asked Questions
You have the option to borrow from friends and family. If they are willing to give you the sum, you are settled. However, if you would like to keep your financial matter yourself, you can take a payday loan. No matter your credit score, you can submit the loan application online and get the loan amount you need the next business day. Make sure you ask your lender about their cut-off times to know exactly when you will receive the cash.
The exact cost depends on the payday provider and the state laws. 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 by state, so you should always carefully read the contract and ask the direct lender to clarify the payday loan repayment.
Most online loans are available for unemployed people as well. You have to provide a source of income. Besides a paycheck, a lot of payments can qualify as income as well. Suppose you have child support funds, social security, inheritance, savings account, cash from a pension, disability funds, unemployment benefits, or other financial support. In that case, you can easily apply for a loan online and get the money you need.
Short-term loans normally arrive in your checking account quickly. The period depends on the lender's cut-off times. Most lenders have relatively the same policy. If you get the loan approval before noon on a working day, you receive the money by the end of the same day. Suppose the lender approves your request on a workday's afternoon, during the weekend, or on a bank holiday. In that case, you receive the money the next business day.
The 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. When you need 500 dollars, submit an application online, and get the loan amounts you need with no credit check.
There are several types of online loans, and most of them are available even with a poor credit score. The loan you should choose depends mainly on the amount you require. If you need $500, apply for payday loans. These short term financial products can get you between $100 and $1,000. They usually have the repayment time ranging from a couple of days to one month. Because these are short term cash advances, their APR is also higher. You can also find installment loans on our website, which offer between $1,000 and $5,000. The repayment terms vary between 2 and 24 months, and you repay the loan in monthly payments. 1FirstCashAdvance also connects you to lenders offering other types of personal loans. Take a personal loan when you want a longer loan term, for up 60 months, and need a larger sum, from $5,000 to $15,000 or more. All these products are available online, with no paperwork and no faxing! Browse many more loan options on our website to find the product most suitable for your needs. If you have any questions, our team is always here to help you out! When you need a loan of $500, we have got your back! Apply on our website today and get the cash the next business day or sooner!