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Quick Same Day Online Loans for Bad Credit in the United States

People who have a history of not paying their bills on time and owing too much money are considered to have bad credit. However, in the United States, provisions have been made available for these sets of people to obtain online same-day loans through various apps and other platforms we’ll look at shortly. But before we go into the pros and cons of same day loans, there are certain subjects of discussion that are very important to this article which we’ll consider below.

Types of loan accounts

According to Forbes advisory board, there are sixteen types of loan accounts or loans which cut across all categories whether you’re a student, retired or working class. For the sake of this publication, let’s discuss 9 types of loans. Let’s take a look at them below.

1. Personal loan

This loan covers almost anything such as home maintenance, medical bills, emergencies to mention but a few. This type of account is of two forms, secured and unsecured. For the secured account, when applying for a loan through this method, a lender can take back the collateral if you don’t pay back your loan amount within the given time frame.
For an unsecured loan account, the reverse is the case which is why it is considered highly risky. Although, the process of taking a loan through this account is more stringent compared to a secure loan account.

2. Lifestyle loan

This type of loan is dedicated to funding your lifestyle. They can range from vacations, to pool, recreational activities and vehicles to mention but a few.

3. Credit builder loans

This kind of loan can be found in credit unions and other financial institutions that are given out in the short term to help build credit.

4. Student loans

As the word implies, student loans are to cover up tuition, and other school expenses. However, the only disadvantage is, it cannot cover informal classes, e.g coding boot camp. There are two types of student loans, federal and private. The former comes with more benefits but with a higher interest rate while the latter comes with fewer benefits/protection but with low-interest rates.

5. Small business loans

For businesses within the 0-300 employees range, these loans help small businesses finance their business to help it grow. There are several types of small business loans such as small business administration, working capital loans, term loans and equipment loans.

6. Debt consolidation loans

These loans are for the sole purpose of paying off your other debts thereby leaving you with only one monthly loan payment

7. Auto loans

This is a secured loan that allows you to buy a vehicle. Sometimes, the car dealership offers the loans but often can take loans from financial institutions. If you default in your payment at any time, the car is usually taken back from you. Another type of loan similar to this is the title loan. On the other hand, title loans are short term loans instead of the former with very high rates too.

8. Mortgage loans

For mortgage loans, their sole aim is to help you finance your housing purchase and another that’s similar in operation is home equity loans also known as the second mortgage.

9. Payday loans

These are short term loans that last until your next paycheck. Compared to other loans, they charge very high finance fees which put people in debt more than the amount originally borrowed.
Now that we have looked at the types of loan accounts that we have, let’s quickly dive into online fast cash loans in the US. This is especially important for people with bad credit history but still want to have access to quick online loans.

Legit Online Fast Cash Loans In The United States

In this regard, we’re going to look at some legal online lending platforms where you can get quick cash. For some of these platforms, payments can be processed between 1 business working day after registration. So, let’s look at them below.


Bad credit loans provide a range of lenders in their network who are willing to lend as much as $10,000. Their interest rate ranges from 5.99-35.99% depending on the information you provide while filling out your form. Repayment plans are also flexible and can happen between 90 days – 6 years. Now, that’s great, isn’t it?.


Lending Club offers personal loans of up to $40,000, a no payment penalty and a great interest rate. What more can anyone ask for?.


Just like bad credit loans, Cash USA also operates in the same way, with the same interest rate and a wide network of lenders.


Money Mutual also provides a network of lenders where you can borrow up to $5,000 on personal loans. Repayment plans and interest rates are strictly between you and the lender assigned to you.


This provides short term loans to be repaid within a year. Just like other loan websites we’ve been reviewing, Cash Advance is not a lender but presents a borrower with a network of lenders to borrow from. With Cash Advance, you can borrow up to $10,000 with low-interest rates monthly.

Right next, we’re going to look at some of the best online payday loans in the US. The ones that have been reviewed during our online fast cash loans can also suffice for payday loans and since most of them, if not all offer payday loan services, we’re just going to take just about four, in addition to the ones previously written.

Best Online Payday Loans In The United States


Getting loans on 24 Cash is pretty much a seamless process. All you just need to do is to fill out their loan form, (which takes less than 5 minutes) , get your lending decision and get your money credited into your account the same or next business day.


Another fast, reliable and widely endorsed online payday lender is Credit Loans. With this platform, your credit card doesn’t exactly matter and your money will be deposited into your account within 24 hours. With up to $35,000 loan amount available, Credit Loan has one of the most flexible repayment plans and low-interest charges ever seen.


One of the most notable things about SoFi is the high security/encryption on their website. As a new user, the company’s website may log you out a couple of times before you verify that you’re not a robot. SoFi is known to have one of the lowest interest rates with no hidden fees. It’s great for student and personal loans.


Landing Tree offers a 3-in-1 service for its users. It is your go-to platform for home loan mortgages and personal loans and as an addition, they also offer landscaping service. Landing Tree is ranked as one of the best payday loans in the US.

Now that we have reviewed this, there are also apps with easy loan approval. So, if you need quick cash before your next paycheck, you can quickly check out some of the apps we’re about to look at. It is worthy of note that apps charge fewer fees than the regular payday lenders which makes it a good catch.

Please note that requirements for picking these apps include the benefits each app offers, loan amounts, fee structures, interest rates and the ability to build credit. Now, let’s look at them below.

5 Loan Apps With Easy Loan Approval

1. Dave

Dave app offers an upfront cash advance of $100 and a membership fee of $1 monthly. Dave application operates on no interest rates but you can choose to support the app with an optional tip. With Dave mobile app, there’s an avenue for you to receive alerts when you have a bill due or when your account balance is low which makes it a lot easier. To receive your loan on the same day, you might have to choose an express option plan. Although it comes with a fee which Dave app hasn’t disclosed. But the good news is, there’s standard funding which allows you to receive your money within three business working days.

2. MoneyLion

Just like the Dave app, MoneyLion doesn’t have any interest rates for their cash advance. However, if you need instant money, you will be asked to pay charges for transactions, otherwise, you’ll have to wait till the due date to receive your payments. The larger the deposits, the more advanced amounts you can receive from MoneyLion.

3. Brigit

Brigit gives an advance of $50-$250 but to have access to its premium feature, you’ll have to pay a $10 fee monthly for membership. Some of its premium features include a budgeting tool that helps you track your spending and an instant cash deposit when you secure 70 points in the financial wellness metrics. There’s also an auto-advance feature that transfers money to your account when your balance is low to percent an overdraft from occurring.

4. Kiva

Kiva is a non-profit organization that lends strictly to business owners. Kiva connects you to lenders who can lend you up to $15,000 with a flexible repayment plan. There’s a 0% interest rate which is why lots of businesses can trust their breakthrough with Kiva. To get started in the loan process, simply fill out the online application, invite your friends and get your money deposited into your account within 30 days.

5. Avant

Avant charges a 4.7% fee on their loans with up to $35,000 advance and this money is provided to you as soon as you complete the registration process.
We do know that people can be quite impatient when it comes to money matters and because of that, people will want things pretty fast which is why I’ve compiled a list of places where you can borrow money ASAP in the US.

Where To Borrow Money Quickly In The United States of America

The following are places/avenues where to borrow money in minutes in the United States of America.
– Credit unions.
– Online lenders.
– Payday lenders.
– Pawnshop.
– Cash advance from a credit card.

Credit unions

Credit unions are nonprofits and for this reason, they offer low-interest fees. However, eligibility requirements to become a member can be strenuous.

Online lenders

We have previously looked at this category, therefore, we’re not going to look into it too deeply. Many online lenders offer fast funding and direct deposit into your bank account.

Payday lenders

These lenders offer short term loans which must be repaid by the next payday. It is quite expensive except for a few reputable ones. For most payday platforms, monies you can borrow range from $100-$2,000.


Pawn Shops usually come with high-interest rates and the more items you’re able to pawn, the more money you’ll be able to borrow. There are also other fees you’ll be able to pay if you’ll be using a pawn shop so it is usually advisable to consider your options carefully before using the services of a pawn shop.

Cash advance from a credit card-
There are many advantages to using a cash advance. There’s no need to be eligible or fill out an application form since you already have a card and the process is quite seamless. The only disadvantage however is that most of them may come at a high-interest rate.

Now, we head over to the last headline just before we wrap this review up.

How To Borrow Money from Paypal Working Capital

Before we look into the intricacies of how to borrow money from PayPal working capital, let’s first take a look at what it is. PayPal working capital is a loan given out to business owners. The more your sales volume on PayPal, the more money you can borrow but usually, the loan offer ranges between $1,000-$125,000.

For the repayment plan, a percentage from your sales volume is deducted which means that the higher your sales, the faster you’re able to make any sales, no amount is deducted from your account. Although, you’ll be required to pay a certain percentage fee after every 90 days to keep your account in check.
To get started, you’ll need to fill out an online application and within a twinkle of an eye, your money is sitting right in your account.

In Conclusion

All of the information provided in this article is subject to changes and modifications as these lenders policies change overtime. Although we try our best to update this post to help you make informed decisions. Therefore, before making an application, ensure you obatin in-depth analysis from each loan company.

So tell me, if you were to use any lending options, which would it be and why?. Your comments help us improve this post.


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