Funds As Soon As Possible
A Cash Advance loan is traditionally used to bridge the gap between paychecks. Because the average American is paid at the end of each month, it is very common to experience a cash shortage or require a few hundred dollars until the next payday. Perhaps you have a household emergency, your car needs repair, or your rent is due.
Also referred to as a ‘payday advance,’ you can receive money in advance and in a lump sum to pay off any urgent bills; you can then repay the loan and interest on your next payday. Ideally, your emergency is a one-time occurrence, and you can quickly recover.
Today, with apps and alternatives to payday loans, the average loan amount lasts a few weeks, and DimeBucks can offer options ranging from 12 to 60 months. This gives you some breathing room, so rather than borrowing $300 and paying it back within a few weeks, you may wish to borrow a bit more for a longer period.
With DimeBucks, you can submit an online form for a payday loan in less than five minutes and receive an instant decision on the screen.
You will be automatically matched with one of our lenders, and if you choose to proceed, they will conduct additional checks; if approved, your loan can be funded within 24 hours or the following business day.
You will need to provide the following information: your name, address, date of birth, mobile number, email, the amount you want to borrow, the period you wish to borrow it, and a copy of your driver’s license or state-issued ID.
You can receive an instant decision, and if you pass any additional checks, you can be approved within hours. You will receive an online loan agreement via email, which you can sign electronically using an E-Signature.
If fully approved, the funds can be deposited into your checking account within a few hours, the same business day, or the following business day. Your loan will be funded as quickly as possible.
Because payday loans are intended to cover households’ temporary cash shortages. The idea is that you will receive the money in a lump sum upfront to help pay for your emergency, then receive your paycheck on your next payday and repay the loan in full, including:
Cash advance loans are not intended for:
You must provide the most accurate information possible, including your address, income, and employment. Any irregularities may be flagged by our team, prompting us to request additional evidence, which could delay the processing of your application.
Since payday loans are unsecured, many decisions are made automatically so the loan can be funded on the same day. By providing accurate information, we can immediately prepare your funding application.
You may sometimes be asked to provide a copy of your address, bank statement, or paycheck stub; this is common for those seeking to borrow $2,000, $3,000, or $6,000.
Yes. DimeBucks criteria for a payday loan are the following:
Our partner lenders are willing to consider a variety of credit histories, so you can still apply if you have poor credit and, subject to additional checks, receive the loan you require.
We will always conduct a series of income and affordability checks to ensure that you only borrow what you can afford.
If you take out a payday loan for three months, you will have to make equal monthly payments toward paying it back.
Depending on the lender you’re associated with, you can repay your loan in as little as one month or as long as 12 or 60 months if you prefer.
For quick payday loans, you may be required to borrow money in advance, pay off any urgent debts, and then repay your loan in full by the end of the month – so it only lasts a few weeks.
However, if you borrow larger sums, such as $1,000, $5,000, or $10,000, you may wish to extend the repayment period to 12, 24, 48, or 60 months to give yourself more breathing room.
The lender will automatically deduct monthly payments from your bank account, so there is no need to call, make a manual payment, or send a check; everything is handled automatically to make your life easier.
Yes, you can get a payday loan even with bad credit. We work with various lenders willing to consider all credit scores and can offer you the right products.
When applying online for a payday loan, you are not required to have a perfect credit score, and our lenders will consider other factors such as your income, employment, age, and requested loan amount. These factors, not just your credit score, can tell the lender greatly about your likelihood of repaying the loan.
Finding payday loans without credit checks is slightly more difficult. Before approving a loan request, Payday loan companies in the US that are legitimate and regulated will typically check your credit. This will confirm that, based on your credit history, you can afford to repay the loan and will not encounter any difficulties.
Even though most loan companies will run a credit check, some lenders will still approve your loan based on other indicators such as your paycheck, monthly income, and employment information.
For larger loans, they may require collateral, such as a car, property, or jewelry, but these are longer-term loans, not payday loans. Requesting a loan with no credit checks is possible if a valuable asset secures the loan.
DimeBucks and our partners offer a variety of alternatives to payday loans, including products, apps, startups, and others.
Installment loans, which allow you to spread repayment over several months, are one of our primary alternatives. Many customers favor this because you do not have to pay the entire balance at the end of the month, giving you time to get your finances in order and get back on your feet.
Other products we can provide include title loans secured by your vehicle and apps that allow you to withdraw, repay, and add funds as needed.
Borrowing from family members is one of the best and oldest alternatives. No interest charges, no credit checks, and flexible repayment terms. This is typically the first place you should look if you need cash in an emergency. If you wish to apply online and receive a response, DimeBucks is pleased to assist you.
This is not always possible if you are looking for a guaranteed payday loan online, as you must meet the initial criteria in terms of age, employment, and minimum income and be able to pass our series of credit checks and affordability checks.
Although a guaranteed loan is not always available, we work with so many lenders that we will do our best to provide you with a loan offer today. We will always consider diverse applicants and backgrounds, and in some instances, we may suggest credit unions, apps, or the use of a product secured by your vehicle or home.
Yes, obtaining a same-day payday loan is possible if you meet the requirements, which include being at least 18 years old, having a stable job and income, having a social security number, and having a checking account where the funds can be deposited.
To maximize your chances of receiving same-day loans, ensure that all the information you enter is accurate and that you meet all of the criteria. If the lender requests proof of income or employment, it could be useful to have a copy of your pay stub or bank statement on hand.
Lastly, applying between Monday and Friday, 9 a.m. and 5 p.m., should increase your chances of receiving funds within 24 hours, as opposed to submitting an application on a slow Sunday or national holiday.
Yes, payday loans are designed to provide instant approval, so you can submit your information in less than five minutes and receive a preliminary decision on-screen. Since the loans are unsecured, your eligibility is determined by various factors that can be evaluated automatically, resulting in an instantaneous decision. To be fully approved and funded, you will be required to electronically sign your loan agreement and frequently undergo additional checks, such as credit and affordability checks, to ensure that you can afford the amount you wish to borrow without getting into financial trouble.
Yes, we can connect you with a lender based in your state, including Nevada, Texas, Ohio, California, and Illinois, because we work with several payday loan businesses in my neighborhood (and all 37 states where payday loans are legalized).
This can be significant, as loan terms and interest rates vary from state to state. However, we also work with multiple-jurisdictional lenders so that you can be approved wherever you are in the United States.
While many of these states have local payday loan stores, our entire process is online, so you do not need to visit a branch, wait in line, or await a decision. Everything with DimeBucks is handled and processed online. You can complete our application form in five minutes, receive an instant decision, and receive your funds within a few hours if approved.
A payday loan (sometimes referred to as a cash advance or a payday advance) is a small loan borrowed for a brief period of time, often until the borrower's next payday. These short-term loans feature high interest rates and need no collateral (unsecured loans). It is not advised to use payday loans for an extended period of time. The rates and terms of payday loans vary by state.
A title loan (sometimes referred to as a title pawn or a car title loan) is a short-term loan where the vehicle title serves as collateral. Due to the fact that lenders of title loans do not verify borrowers' credit histories, these loans are popular among those with poor credit. Typically, title loans are taken out by borrowers who need cash quickly or have financial issues.
Unsecured loans, such as payday loans or installment loans, are supported solely by the borrower's creditworthiness, as opposed to secured loans, which need collateral. Secured personal loans include car title loans and pawn loans, for example.
State rules determine the maximum amount you can borrow as a short-term loan. In certain states, short-term loans (also known as payday loans) are prohibited, while in others they are permitted with a maximum loan amount. Visit our rates and terms page to get state-specific lending conditions. In addition to state legislation, additional factors may alter the conditions of your loan.
A personal loan that is repaid over time with a predetermined number of periodic payments or installments is known as an installment loan. Due to the lower APR, installment loans can be taken out over a longer term than payday loans. Installment loans are commonly seen as a preferable alternative to payday loans. Typically, installment loans are repaid in predetermined amounts that include both principal and interest.
The Annual Percentage Rate, or APR, is an annualized version of your interest rate. When picking between several types of loans, the APR assists in comparing the costs of each. The annual percentage rate (APR) for a loan may include costs, such as origination fees. Remember that while APR is essential, it is only one of several elements to consider when selecting a loan.
Yes. Your credit score is not the only criteria taken into account when analyzing your loan request. However, a low credit score can result in higher interest rates and fewer lending possibilities. A title loan is a popular option for consumers with less than perfect credit because title loan lenders may not consider credit history.
Credit score ranges differ depending on the credit scoring algorithm employed and the credit bureau that generates the score. According to FICO, a credit score between 300 to 579 is poor or very poor. A satisfactory credit score ranges from 580 to 670. Credit scores are determined differently depending on the credit scoring model's parameters, such as payment history, amounts owing, length of credit history, etc.