Get Approved for a Bad Credit $500 Payday Loan as Soon as Today
Do you need a small sum of cash fast? Just enough to cover a surprise expense like a car repair or medical bill? A 500 payday loan may be able to help. In many cases, approval is almost instant and you can expect your funds within one business day.
GreenStarCash has a relationship with over one hundred direct lenders. This increases the likelihood that your loan will be approved. All you need to do is fill out a single application on our website. The process is quick and easy.
What Is a 500 Dollar Loan?
A 500 dollar loan is a loan for $500. Payday loans are short-term unsecured loans for a small sum of cash. In some cases, you can borrow up to $1,000 depending on your state of residence. For individuals who need less than $1,000, a 500 dollar loan can be a great option.
Most payday loans need to be repaid with your next paycheck and have a term length no longer than one month. However, some payday loans offer 500 dollar loans with an extended repayment period. You can receive your lump sum upfront and repay the loan in monthly installments. This helps the borrower avoid penalties and late fees.
500 dollar loans generally have a high approval rate. You can apply online and receive your money within one business day. No faxing or back and forth is required.
How Can I Use My $500 Payday Loan?
A 500 dollar payday is commonly used for emergency expenses, like medical bills, vet bills, car repairs, home costs, and other important things. However, these short-term loans generally don’t come within any limitations on how the money can be spent.
Our lenders won’t ask for your reasons for requesting a loan and don’t base decisions on financial needs. Your personal matters can remain private and you can freely choose how to spend the cash.
Can I Get a 500 Dollar Loan if I Have Bad Credit?
If you have bad credit you can likely still receive a 500 dollar payday loan. A short-term loan for a small lump sum, like a 500 dollar payday loan, usually has a high approval rate.
We work with hundreds of lenders. Not every lender has the same eligibility criteria. If one lender rejects your loan request we will continue to forward your application to additional lenders. In most cases, there is one ready and waiting to issue an instant approval. Bad credit should not prevent you from being matched with a 500 payday loan lender.
Can I Get a 500 Dollar Cash Loan With No Credit Check?
All of our lenders perform credit checks. However, they use a soft credit check instead of a hard credit check. Unlike a hard credit pull, a soft pull does not affect your credit score. It will appear only to you on your credit report.
A soft credit check returns your credit history and basic information for the lender to review. Payday lenders generally don’t base loan decisions on credit information alone. Most place a higher value on the borrower’s ability to repay the loan rather than their credit score.
If you have no credit or poor credit you can usually still receive a 500 dollar cash loan.
What Are the Requirements to Be Approved for a $500 Cash Loan?
You can apply for an online loan today if you meet our straightforward eligibility requirements. To be approved for a 500 dollar loan you must meet the following prerequisites:
- You must be a legal adult, 18+
- You must be a citizen of the United States
- You must have current and stable employment
- You must have an active checking account older than one month
- You must provide a working phone number
- You must provide a valid email address
A few lenders and states may have additional requirements, but these are generally easily satisfied by the average borrower. If you fit these requirements, fill out an application on our website.
How Does a $500 Loan Work? What Is Your Application Process?
Online 500 payday loans are available without faxing or a complicated process. Follow the detailed steps below to learn how you can get your cash fast.
- Fill out one quick application on our website.
- We will forward your request to one of our lending partners. If they deny your loan we will continue sending your application to additional lenders until a successful match is made.
- When a lender is ready to approve your loan you will be directed to their website. Here you can review your information as well as the loan terms. If you are satisfied you will need to sign the loan agreement.
- Your signature will be required on the agreement and an ACH authorization form. This form allows the lender to withdraw the 500 dollars and any fees on the repayment date.
- If the withdrawal is successful your loan will be considered repaid.
Securing a payday loan is fast and easy. We do the work for you, saving you time and effort.
Will I Get My Money Today?
Same day deposit is possible if your application meets the following criteria.
- Apply on a weekday that is not a holiday or non-banking day
- Receive an approval before the cut-off time (typically 11:30 am)
Banks do not issue deposits on weekends. Even if your loan is approved on a weekend, holiday, or non-banking day you will not receive your funds until the next business day. Same day deposit is never guaranteed. If your funds do not arrive on the same day that you apply you can typically expect them by the next morning.
Need Cash Quickly? Apply Right Now and Get an Instant Decision.
If you need a small sum of 500 dollars fast, apply for a payday loan and get a nearly instant decision. We work with hundreds of lenders, increasing your chances of getting a loan the same day when compared to applying with lenders directly.