Emergency Loans For Bad Credit – CashAdvance Review

By: Barry Bridges

Emergency Loans For Bad Credit

Another well-known market for bad credit emergency loans is Paydaypact.com. This online lending platform has been around since 1997, offering small personal loans through its extensive network of reputable lenders. If you are looking for quick financing, you can get Paydaypact.com products across the United States.

Types of funding

Online lenders, in partnership with Paydaypact, offer traditional loans to borrowers who need small personal loans but cannot qualify at conventional banks. Not only that, but the Paydaypact network also includes lenders who offer lines of credit.

Unlike other markets, Paydaypact provides the smallest of small emergency loans to those in need: the minimum loan amount is $ 100, while the maximum amount is up to $ 100. ‘to $ 1,000. There are no limits on how the money will be used.

Loan Features

If you apply for an emergency cash loan on Paydaypact, expect higher interest rates. First, the platform only offers short-term loans, and the repayment period can be as short as one week. The maximum repayment period is 12 months. Your monthly payments will include both principal and interest, so there’s a good chance they’ll be pretty high. After all, this platform offers emergency cash advances to bad credit borrowers, and the best loan terms don’t come with them.

The APR differs from one lender to another: for example, a loan of $ 500 with a term of one year will have an APR between 15% and 30%, which is very high compared to other platforms.

Terms & Conditions

First, you must meet the essential loan criteria, i.e., be 18 years old, reside in the United States, and have a valid bank account. Paydaypact will also review your employment records and ask you to enter your monthly income, which should not be less than $ 999. So if you are looking for Unemployed Emergency Loans, then it is better to apply through another platform.

Paydaypact does not display the minimum FICO requirements on its website, but it encourages borrowers to apply for a loan even if their credit rating is extremely low.

State restrictions are the main disadvantage of Paydaypact fast loans for bad credit, so first check if it works in your state.

Application process and speed of approval

Applying online at Paydaypact is simple: you must fill out the website form and create an account. Then, this platform offering emergency loans examines your needs and forwards your request to lenders who may accept your request. Paydaypact will deposit the money into your bank account the next business day if you accept an offer.

Additional features

When you apply for an emergency loan on Paydaypact, you will need to provide your contact details, bank details, and social security number. This data will be shared with the lenders of the Paydaypact network. The platform uses 256-bit encryption to protect your data and activities from third parties.

Another good thing about Paydaypact is the automatic payment option. Emergency lenders will automatically withdraw funds from your account before the due date expires, saving you from late payment fees to receive payments and fees for an overdue loan.


Paydaypact has a good reputation among its customers. The platform is praised for its quick fundraising and polite customer service. The company, however, is not BBB accredited and its rating on this site is B.

Final result

If you don’t have a good credit rating but need a small, short-term loan right away, Paydaypact is a good option. However, the APR can be huge, depending on the lender and the terms you choose.

Reasons to apply:

  • Automatic payment option
  • Quick financing
  • Excellent customer support
Senior Personal Finance Writer at Paydaypact | + posts

Barry is a seasoned professional in content with a wealth and depth of knowledge in the field of editing that contributed to the success of our team. He is a sharp, precise editing eye, an in-depth comprehension of structure and story and has a wealth expertise in grammar and the structure of English. He has a keen understanding of writing for bad credit loans as well giving advice about the credit cards.

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