Get Emergency Cash Loans Online With Ready Payday Loans

What is an Emergency Loan?

An emergency loan is one that offers fast approval and funding to help pay for a pressing or emergency expense. Usually just a few hundred dollars such as $200 or $500, you can use a personal loan or a payday loan which often gives very quick decisions and funding in 24 hours if approved.

There are various emergency loans from the government available, including Hardship Loans and Emergency Loan Programs, but in case these take a little long to process or you have bad credit, here at Ready Payday Loans, we are delighted to offer a cheap, fast and effective way for you to get emergency cash now.

Types of Emergency Loans

I found that Ready Payday Loans offers a variety of different types of emergency cash loans as well, including payday loans, installment loans, secured loans, emergency same-day loans and more. Here I’ll explain a few of the most popular types of emergency loans they offer:

Emergency Installment Loans

If you can make smaller payments over a longer period of time, an emergency installment loan may be the perfect solution for you. These types of loans are usually for larger amounts, with monthly payments divided according to the loan term.

Depending on your needs, you may spread your payments over a period of up to five years. Installment loans can be secured or unsecured depending on several factors, including the applicant’s credit score and income.

Emergency Payday Loans

Payday loans are a great option for those who need a quick, small loan. Because payday loans are usually smaller amounts (such as $100, $300, or $500 loans) they are easier to get and much quicker to repay.

Payday loans are unsecured loans, which means there is no collateral to secure the loan. Most payday loans have fixed interest rates, so the monthly payment remains the same.

Emergency Secured Loans

If you have bad credit, securing a loan can be a useful option as it allows you to borrow a certain amount based on the value of the collateral provided.

Because secured loans are guaranteed by collateral, they generally have lower interest rates. However, the collateral can be seized or sold to repay the debt in the event of non-payment.

Am I Eligible for an Emergency Cash Loan?

Getting a loan does not require a perfect credit score, but there are some requirements you need to meet. For the loan to be approved, you must be a US citizen, 18 years of age, and have an active checking account. You must also have a steady income and be able to afford your loan payments. Some lenders may have additional requirements.

Pros

• Emergency cash loans and can be funded on the same or next business day
• Do not usually require collateral or cosigners
• Have options available for bad credit
• Have flexible repayment options including end of the month or over 12 months
• Lower rates for people with better and stronger credit scores

Cons

• Can yield high interest rates with personal loans for bad credit at 36% APR or payday loans for bad credit at 200% to 400% APR
• Penalties and late fees apply if you cannot meet repayments
• Must have a stable income to be eligible and need proof that you can afford repayments

How To Get An Emergency Loan

Starting by checking your eligibility using the button below. We require some basic details which can be completed in 3-5 minutes using our form. Once you have submitted your details in the most accurate way possible, you will get an instant decision appear on the screen with a competitive loan offer. 

If you wish to proceed, you will be sent an online loan agreement which you can read through the terms of and sign electronically. Once this has been completed and you have passed further checks, your emergency cash loan can be funded immediately (which is usually the same or next business day).

What Can An Emergency Loan Be Used For?

• Pay rent
• Pay medical bills
• Car repairs
• Household bills and repairs
• Plumbing issues
• Funerals
• School fees and tuition
• Emergency travel to see relatives

Can I Get an Emergency Cash Loan With Bad Credit?

Yes, Ready Payday Loans works with several lenders that offer loans for bad credit and credit scores under 560. 

Payday loans are very often available for people with poor credit, provided that you have a stable and regular income. However, the risk is reflected in paying a slightly higher rate than average. 

Otherwise, if you need a loan urgently with bad credit, you may be required to use a cosigner or some kind of collateral such as your car to be eligible.

Frequently Asked Questions About Emergency Loans

Have questions? We’ve got answers! You can always contact our team for more information if you don’t see your question here.

Can I Get an Emergency Loan On The Same Day?

Yes, if you have been fully approved and it is during a work day of Monday to Friday, you can receive your funds on the same day or within 24 hours.

How Can I Get an Emergency Loan Fast?

There are certain things you can do to speed up the loan process. Given that the application is completely online and may require further checks, giving true and accurate information will always make things progress faster and being available on your emails and cell phone is useful in case there is any feedback from the lender. Lastly, applying during work days may help you get emergency cash fast, rather than on a Sunday or national holiday.

What Are The Best Alternatives If I Have Been Declined?

If you find that you are often being rejected for loans, you may need to look at the closest alternatives. Borrowing money from family and friends for an emergency is a great starting point, especially because there are no applications and no credit checks involved. Otherwise, you can always look at selling household items that you no longer need such as books, clothes, board games, furniture and tools.

Will Applying With Ready Payday Loans Affect My Credit Score?

No, applying with us will not impact your credit rating in anyway. However, if you make a lot of applications within a short space of time, this could come across as desperate to potential lenders who might approach with more caution.

Do You Offer No Credit Check Loans?

The best way to get a loan without credit checks is to use some kind of collateral. A collateral loan, also called a secured loan, allows you to borrow against something valuable, such as a car, bike, house, or another valuable item. In other words, with a secured loan, your credit score has no bearing on the loan approval process. However, if you fail to repay the loan, you may lose your collateral.

Are There Any Fees For Applying For a Loan?

No, there are no fees for using our loans connection service and there never will be. The only fees charged are by lenders once your loan has been fully approved and funded and the interest rates will be clearly presented to you in writing before you proceed.

Avoid Scams and Predatory Loans

When applying for loans and financial products regularly, there are a number of loan scams that might appear. You should always take an extra moment to check the legitimacy of a website or business. If there are mentions of guaranteed loans or that you need to pay money upfront before the funds are sent – this could be a scam. 

Always take an extra moment to check the credentials of your loan provider. Look at reviews, social media pages and even call the phone number on the website to check if it is a real company. Search the company name on Google and look out for any reviews, forums or mentions that could suggest it is a scam.

In terms of predatory loans, there are some emergency loans that can be very expensive because of the fast turnaround. 

Payday loans – These high cost loans can carry interest rates as much as 800% APR in certain states. Ready Payday Loans is proud to work with a number of legitimate payday lenders who we verify and vet on a regular basis. But if you have been offered a payday loan with an extremely high APR, it might be worth doing some price comparisons elsewhere.

Pawnbroking – Using pawn loans can offer emergency money very fast, whether you use jewelry, cars or musical instruments as collateral. However, you may risk losing these items if you do not repay your loan and being without your engagement or wedding ring for sometime can be unfortunate. Always consider the alternatives before using these higher risk products such as borrowing money from family and friends, using credit unions, credit builder cards and more.

How To Start An Emergency Fund

Although we always try to save for a rainy day, it is not easy when an emergency arises out of the blue. But starting an emergency fund and trying to build up $300 or $500 dollars can be very useful.

Put a little bit away each month – Be realistic with what you can save and even modest sums of $10 or $20 per month can go far over time.

If no cash, try budgeting and saving elsewhere – If you do not have any disposable cash to start saving with, see if you can find another $10 or $20 per month through budgeting. Whether it is through grocery shopping, canceling some TV subscriptions or walking instead of driving, there a few clever ways to save money each month which can be put towards your emergency fund.