When an emergency happens, people all over the country are scrambling to find the money to pay an urgent bill, no matter the reasons. And, more than half of all Americans don’t even have $500 available in cash!
So a $500 payday loan can be a simple, short term online loan to handle these emergency expenses, which happen to all of us.
A $500 payday loan can be a lot of money when you are short of cash. You may have a car repair that must be made now, an unexpected medical bill, or some checks to cover at the bank, and you don’t want to get hit for the $35 a check NSF fees.
A 500 dollar payday loan is simply a short term loan that you pay back within a month, often on your next payday. Bad credit? No problem, as a 500 loan for bad credit is often approved. Bad credit payday loans are not credit score based, but approval is usually based on steady income even if it is not specifically a job, e.g., social security, disability, annuity, and even unemployment benefits may qualify.
It is really not that unique. A 500 dollar loan is a common request, and lenders approve them frequently. Because your credit score is not pulled and is not a major factor in obtaining approval, a high percentage of those requesting a 500 dollar loan are approved. A 500 dollar payday loan is fee-based and is not intended as a long term loan. You should plan on paying it back as agreed with your lender.
There are a few essential criteria to be eligible for a 500 dollar loan. You should:
There may be other criteria depending on the state you live in. You can check your state website to learn more about any specific guidelines or limitations in your state.
There are hundreds of reasons you may need a $500 loan. Some of the most common are utility bills that are due, medical expenses, auto expenses, food expenses, and many more. Also, getting a $500 payday loan online is easy because lenders do not check your credit. The most important factor for loan approval is a source of income, so the lender knows that you can repay the loan when it is due.
CashOne has been in business for more than ten (10) years and worked with hundreds of thousands of Americans to get the emergency cash they need, including a $500 payday loan. We are proud we are able to assist more than 80% of those you ask for our help. We can’t get a loan for everyone, but we try our best to help.
If you are approved and get a loan, and you anticipate a problem with your repayment, contact your lender immediately and ask what they can do to change the terms to fit your needs. Most lenders will work with you to reach a new payment agreement.
Many people who request a 500 dollar loan are approved. However, not all. Also, lenders tend to be more active on weekdays than weekends. So, your odds of approval are better on weekdays. This is true for holidays even more so.
If you applied on a holiday and were not approved, you may want to reapply on a weekday a few days later. Your odds of getting a loan will be much greater at that time.
Since every state has different regulations, it is impossible to list all situations here. However, a good rule of thumb is that the fee will be between $15 and $30 per $100 you request. Most states limit the fee to around $15-20, but there are exceptions. Be sure to ask your lender about all fees you may incur. Lenders are required to explain the fees before you accept any loan offer, no matter which state you live in.
Also, ask any questions you have about your loan offer before you accept one. Remember that you are not obligated to accept a loan offer for a 500 dollar loan from direct lender.
There is no specific credit score needed for a 500 dollar loan. In fact, your credit score is not a significant factor in approval. Having a steady income is the most important factor as it determines that you can pay back your loan in the agreed-upon time. A $500 loan with no credit check is quite a common loan.
You are in the right place. CashOne has helped over 500,000 Americans with cash in their time of need. Not every applicant is approved, but we do our best to help you get cash when you need it most.
But, if you anticipate a problem with your repayment, contact your lender immediately and ask what they can do to change the terms to fit your needs. Most lenders will work with you to reach a new payment agreement.
It takes 1 business day to process your request if approved and deposit the money into your bank account. In rare situations, if you apply very early in the day, it is possible to get cash the same day. However, ask your direct payday lender as this is not something that can be done easily. You should plan on the 1 business day rule (business day excludes weekends and holidays).