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The Best USA Payday Loans Near Me
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If you are looking for the best payday loans near me, Pheabs is here to help you find the right lender. We offer $100 to $35,000 repaid over 1 to 60 months from payday lenders, apps and alternatives. Simply click on ‘get started’ to begin your loan enquiry today.

Where Can I Find Payday Loans Near Me?

 

We have loan options in almost every state of the US, so we can connect your loan request with a local company and help you find the quickest, effective and most affordable option.

What is A Payday Loan And What Are They Used For?

A payday loan is traditionally used to help you borrow money until your next payday. With the average American getting paid at the end of each month, it is very common to have a shortfall of cash or to need a couple of hundred bucks until your next pay date. Maybe it is a household emergency, car repairs or your rent is due. 

The idea of a payday loan helps you get money upfront and in one lump sum so that you can pay off any pressing bills and then you repay the loan and interest in full on your next pay date. So ideally, your emergency is just a one-off and you can be back on your feet in no-time.

Today, with payday loan apps and alternatives, the average loan will typically last a couple of weeks – and Pheabs is able to give options ranging from 12 to 60 months. This gives you a bit more breathing space and rather than borrowing $300 and paying back in full just a few weeks later, you may wish to borrow a bit more and for longer.

What Is The Best Online Payday Loan Option From Pheabs?

Finding the best payday loans online can be tricky. There are online lenders offering very different rates – and some are very high. A lot of people prefer to shop online and compare payday loans, so that they can find the best rates and ultimately avoid using storefronts and loan sharks.

Pheabs is a loans engine, helping you find the best payday lenders. We take your loan enquiry and connect it with the lender mostly likely to accept you and offer the best rates. There is no obligation and no fees for submitting a form. If you are happy with the offer, you can proceed and typically receive funds to your bank account on the same day or next business day.

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Am I Eligible For A Payday Loan From Pheabs?

The criteria for a payday loan from Pheabs is that you must be:

  • U.S. resident
  • Over the age of 18
  • Steady employment
  • Earning a minimum of $800 per month
  • A live checking account for your loan to be deposited into

Our partner lenders are willing to take a view on different credit histories, so you can still submit a form if you have bad credit and you can still receive the loan you need, subject to further checks.

We will always carry out a series of income and affordability checks, just to ensure that you borrow the right amount, without falling into financial difficulty.

How Do Repayments Work?

Repayments for payday loans work in equal monthly installments – so if you borrow over 3 months, you will be paying 3 identical repayment amounts at the end of each month.

Depending on which lender you are connected with, you can repay your loan after just one month, or as long as 12 months or 60 months if you prefer.

For quick and fast payday loans, you may need to borrow money upfront, pay off any pressing debts and then repay your loan in full at the end of the month – so it only ends up lasting just a few weeks.

But if you are borrowing some of the larger amounts such as $1,000, $5,000 or $10,000, you may wish to spread repayment over 12, 24, 48 or 60 months to give you extra breathing space.

The lender will collect the repayments from your bank account each month automatically, so you do not need to call up, make a manual payment or send in a cheque, it is all processed automatically to make life easier.

Can I Get A Payday Loan With Bad Credit From Pheabs?

Yes, you can get a payday loan with bad credit scores – we work with a number of different lenders who are willing to consider all kinds of credit scores and can offer the right products for you.

When submitting a form for a payday loan, you are not expected to have a perfect credit score – and our lenders will take in other factors such as your income, employment, age and the amount you have requested to borrow. All of these factors can tell the lender a lot about your chances of repaying a loan – and it is not just the credit score that they look at. 

Can I Get A Payday Loan With No Credit Checks?

Payday loans without credit checks are a little harder to find. Regulated and licensed payday lenders in the US typically need to run a credit check before approving your loan request. This will confirm that you can afford to repay your loan based on your credit history and will not fall into difficulty. 

Although most loan companies will run a credit check, there are some other lenders who will use other indicators such as pay check, monthly income and employment information – and still approve your loan on this basis.

For larger loans, they may request collateral and secure your loan against a car, property or jewellery, but these are more long term loans, rather than payday loans. However, when secured against something valuable, the success of your loan is based more on the item’s value, rather than your credit score, so it is possible to submit a loan request with no credit checks.

Why Should I Borrow A Payday Loan With Pheabs?

Pheabs offers a fast and effective way to get a payday loan. For Americans looking to borrow $100 to $35,000, we offer a free and simple way to submit a loan enquiry and get connected with a lender who is most likely to accept you – and provide the best rates too.

We have partnered with a number of reputable payday lenders and have reviewed and vetted each one to ensure that they uphold the highest standards of trustworthiness and customer service according to OLA standards.

You can make a loan query online for free and it will not impact your credit score.

How To Submit A Form For A Payday Loan Online

You can submit a form for a payday loan online with Pheabs in less than 5 minutes and get an instant decision on the screen.

You will just need to enter a few simple details about yourself, your employment, a driver’s license number or state ID, valid checking account, phone number, email address and how much you like to borrow and how long for.

You will be connected with a partner lender automatically and if you wish to proceed, they will carry out some further checks and if successful, your loan can be funded in 24 hours or the next business day.

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Frequently Asked Questions About Payday Loans

Payday loans have developed a not-so-great reputation in recent years. Due to a lack of regulation in some US states, some companies have been practicing at very poor standards, over-charging or being unclear with repayment fees. With high street payday loan stores, the industry has typically been associated with very high cost interest rates and repayment terms that are not flexible and encourage more high-cost lending.

However, fast-forward to 2021 and the industry has improved significantly. There is strong regulation now in place in US states such as Alabama, California, Illinois, Iowa, Florida, Texas and more. Not only must lenders uphold much firmer and stricter practices to protect their customers, there is also a wave of new startups and businesses offering more innovative products, alternatives and apps to make the consumer better off.

With Pheabs, customers can apply to borrow anywhere between $100 to $35,000. When borrowing lower amounts, you may only need to borrow for a few weeks or months. With the larger amounts, your loan could last for 12 to 60 months, repaid in monthly installments.

If you do not repay or miss repayment, you may be charged a late fee and it could negatively impact your credit score.

It is important that you speak to your lender as soon as possible if you are having payment difficulties. Most lenders will offer you some form of help or repayment plan to make the loan more affordable if you are struggling to repay. 

You may also be given extensions or extra time to pay off your loan, rather than succumbing to late fees, penalties or damage to your credit rating.

No, it is completely free to apply for a payday loan with Pheabs and we will not charge anything for applying and will not take any money from your account.

Yes, our panel of lenders includes payday apps, which allow you to access funds immediately and top up as you go, if you need to. 

Other payday products that you might be offered include installment loans, bad credit loans, salary finance products, cash advances and no credit check loans too.