500 Dollar Loan No Credit Check: Borrow Cash Online Same Day

Any person may need 500 dollars for unforeseen expenses. You may have no time to contact a local bank since you will need to collect a lot of documents and undergo a rather hard credit check. The ideal solution to this problem is to contact a microfinance company – an organization that specializes in fast online loans that are easy to access.

Table of Contents:

  1. What is a 500 dollar loan?
  2. Payday loans vs personal loans
  3. How much can I borrow?
  4. The application procedure for online loans
  5. What are the different types of $500 loans?
  6. What are the benefits of a 500 dollar payday loan?
  7. Why would I need a 500 dollar loan fast?
  8. Where can I take a $500 loan in Georgia
  9. What is the cost of a $500 payday loan?
  10. How to get a $500 loan with bad credit
  11. Where can I get a $500 loan with no hard credit check?
  12. Am I eligible for a $500 dollar loan?
  13. Who can benefit from quick payday loans?
  14. Can I get a $500 loan with no job?
  15. Are online loans safe?
  16. How quickly can I get the funds?
  17. How to repay a quick payday loan
  18. What is the best place to borrow $500 online in Georgia?
  19. What are the things to consider when applying for a $500 loan?
  20. What questions should you ask yourself before taking out a loan?
  21. Can I get rejected for a $500 loan?
  22. Boost your odds of getting approved by a lender
  23. Is a quick 500 dollar loan right for me?
  24. Alternatives to payday loans: other ways to get $500
  25. Why apply with us?
  26. Top tips for first-time borrowers
  27. FAQs: 500 dollar payday loans

What is a 500 dollar loan?

Even if you are a responsible borrower with a good credit history, you will not be able to get a bank loan so quickly and easily. Sometimes it takes several days to process such loans. You will need to provide a lot of documents that confirm your official employment and a stable income. And you may need collateral or a guarantor. Besides, loan rejection rates in banks are much higher. A $500 loan is a small-dollar payday loan that is usually issued for a short term (up to 31 days with a subsequent possibility to extend the term). Here are the main features of a 500 dollar payday loan:

  • you can apply online – you don’t have to spend your time visiting the bank’s office – you just need to have access to the Internet;
  • you can get money urgently – you can expect to receive a 500 dollar loan money in 60 minutes; regular borrowers can the money even faster;
  • loan approval rates are very high – eligibility requirements for potential borrowers are relaxed;
  • applications can be submitted by any adult person who is at least 18 years of age (most banks do not work with clients under 21 years of age);
  • you can receive money remotely (this will allow you to do your own business and get money from the comfort of your home or office).

Payday loans vs personal loans

So, you have decided to borrow money. Typically, you have two options where to apply for a 500 dollar loan: a bank or a microfinance organization. Each financial product has its own features.

Personal loans Payday loans
To get a personal loan, you need a good credit history and an official job. It will take time for the bank to check all the documents, approve the application and transfer the funds to your bank account. The loan is typically issued for a long period (from several months to many years). Amounts are usually large (up to $50,000 or even more). Banks are usually not interested in 500 dollar loans. If you have any doubts that the bank will give you a loan, if you don’t need a large sum, if you have a bad credit history, or if you don’t have time to wait, then you can contact a microfinance organization. To get a $500 payday loan today, you only need a government-issued ID. The money is usually transferred to the borrower’s bank account. The funds are issued for a short period (1-4 weeks). According to statistics, most customers take out loans for two weeks. The average loan amount is $500-$1,000.

How much can I borrow?

Banks usually offer personal loans from $2,000 to $100,000 but online lenders from our network offer loans in a range of $100 to $1,000. Although  some lenders offer payday loans as large as $2,500. Even if a lender offers up to $2,500, you might not be eligible for that amount. How much you can borrow depends on several factors, including your state of residence, credit score and income size.

The application procedure for online loans

In order to use our services, you need to follow a few simple steps:

  1. Fill out a short application form. The information will be processed automatically. In some cases, additional verifications may be required.
  2. Get matched with the right lender. We process your request and select the best lender for your needs.
  3. E-sign an agreement. If approved, sign an agreement electronically.
  4. Get the money you need. The funds are typically transferred to the borrower’s bank account as soon as the same day.

What are the different types of $500 loans?

If you need $500 without a credit check, you typically have a few options:

  • installment loans: an installment loan provides a borrower with a fixed amount of money that must be repaid with regularly scheduled payments.
  • payday loans: payday loans are high-cost, short-term loans for small amounts — typically $500 or less — that’s meant to be paid back with the borrower’s next paycheck.
  • cash advances: cash advances let you borrow a certain amount of money against your credit card’s line of credit.
  • title loans: title loans are secured loans that let borrowers use their vehicle as collateral. Car title loans tend to range from $100 to $5,500.

What are the benefits of a 500 dollar payday loan?

Microfinance companies allow you to borrow $500 online and you can do it around the clock. In addition, the advantages of payday loans include:

  • ease of application and speedy loan processing – you can borrow cash urgently and around the clock – the lender usually approves a request within a few minutes;
  • purely online process – you can apply for a loan and get the funds remotely;
  • you can use the funds for whatever purpose, even if your credit score is bad.

In addition, lenders from our network provide the opportunity to borrow cash easily even to those customers who have no official job.

Why would I need a 500 dollar loan fast?

Everyone may need a few hundred dollars urgently when something unforeseen happens. Usually, short-term loans are used in one of the following situations:

  • money is needed right away;
  • you need a small amount;
  • you are able to repay a loan quickly (for example, within a week).

These three items actually include hundreds of household situations that may require money. For example, your tooth suddenly ached, but you don’t want to wait until you get paid. Or your iPhone is broken, and you cannot do without it. Or your paycheck is delayed. In such cases, you need to get a small sum urgently. Yes, you can apply for a bank loan, but banks usually do not issue small loans.

Where can I take a $500 loan in Georgia?

Many people still contact banks when they need a loan. However, this is where the difficulties begin because all banks:

  • set too tough requirements for potential borrowers;
  • reject borrowers with no official job or with a bad credit history;
  • process applications too long – it may take several days;
  • require a mandatory visit to a bank branch to apply for a loan.

Given that many people have informal jobs, these conditions are not encouraging at all.

But what about payday lenders?

  • loans are issued online, that is, there is no need to go anywhere;
  • approval is instant;
  • borrower requirements are relaxed.

Therefore, the conclusion is easy: if you need a small amount for a short period, you need to apply for a payday loan.

What is the cost of a $500 payday loan?

A 500 loan is a type of short-term fast cash that you can get instantly. The interest rate is usually 10-30%, so the interest amount payable of a 500 dollar loan will be $150. The loan term is usually 2-4 weeks. The lender may take checks in advance to encash on the date of repayment of the loan. Alternatively, they may seek online access to your checking bank account to withdraw the funds automatically on your next pay date.

How to get a 500 dollar loan with bad credit

Getting a 500 dollar bad credit loan is very simple. Even if you do not have an ideal credit history and need extra cash urgently, you can use our loan referral service. If you have a bad credit history but you want to fix it, you can apply for a short-term payday loan and repay it on time, thereby correcting your credit history. When you improve your credit history, you will be able to apply for a large loan. It should understand that it’s important to repay the 500 dollar loan bad credit on time and not violate the terms of the agreement. But if such a situation has occurred and your credit history is damaged, then you should fix the situation.

Where can I get a 500 dollar loan with no hard credit check?

If you are in a difficult situation, and family and friends cannot help you, you can use an alternative option – contact an institution that is ready to provide an easy loan quickly.

If a person takes a loan, a special dossier is formed. Financial institutions have access to it and use it to make a lending decision. Those who fulfill their obligations to repay the debt can get a new loan on more favorable terms. Otherwise, the probability of failure increases.

The credit report contains information about the fulfillment of obligations to the lender. The information contained there is one of the main factors that influences the decision when considering an application.

Most debtors cannot get a second loan from a bank. But there is an alternative. Microfinance companies take risks and provide loans to individuals with existing debts.

When you apply with us, your application will be considered quickly and most likely approved.

Am I eligible for a $500 dollar loan?

You can apply for a 500 dollar loan online if you meet the following requirements:

  1. age of majority;
  2. US citizenship;
  3. stable income;
  4. valid bank account.

To increase the chances of getting approved fo a loan, you can provide an additional identity document. It is important to provide only honest information about yourself.

It is equally important to be in touch and answer the call of the lender. In some cases, you will have to go through a short phone interview and clarify the data. Also, you should provide the phone numbers of people who can give a positive response about you and will be in touch.

Who can benefit from quick payday loans?

$500 dollar payday loans for bad credit-same day direct lenders are available only to adult users. There are no other special requirements. Everyone can have the funds in their checking account quickly:

  • people with no official job;
  • students and pensioners;
  • individual entrepreneurs;
  • disabled people;
  • women on maternity leave.

You can also qualify ifyou have a poor credit score. Online loans are a great way to restore a good name in the financial environment, get a 500 dollar loan now without involving outsiders. All legal microfinance institutions cooperate with credit bureaus. Thus, it is really possible to significantly improve your credit score. The main thing is to pay the debt on time.

Can I get a $500 loan with no job?

Most financial organizations require a potential borrower to provide an income proof certificate. Thus, banks reject many solvent customers who do not have official employment. However, microfinance organizations from our network are more loyal to their customers; they issue 500 dollar personal loans with no official job

Official employment is very important for a bank. A working person has the ability to pay off debts, so such a borrower will always have priority over the unemployed. The other side of the coin is that there are a lot of US citizens who work unofficially.

In most cases, people with no official job will be denied a loan only because they cannot convince the company of their solvency.

If your income is unofficial and allows you to pay the loan, you need to contact microfinance institutions. There is no paperwork involved. The borrower must also be of legal age. You can apply for a payday loan with any source of income. You may provide proof of income, but in general microfinance institutions do not require it. Income data will speed up the loan processing process.

Are online loans safe?

We cooperate with lenders that confirm the compliance of money transactions with regulatory legal acts. Each organization maintains confidentiality when concluding contracts with individuals, takes measures aimed at preventing the illegal use of personal data.

Information should not get to third parties, the security system carefully monitors attempts to penetrate the database and prevents fraudulent actions of offenders. An SSL certificate uses digital signatures. Personal phone numbers and customer passwords are encrypted. Applications are invisible to other users, unauthorized access is excluded. The transparent activity of a legal company guarantees reliable protection of personal data. Online loans are 100% safe when you apply with us.

How quickly can I get the funds?

We help people get access to borrow fast cash for any needs. An application is approved within a few minutes. The information is checked by a special scoring program that analyzes numerous parameters in less than a few minutes. Loan rejections may be due to incorrect data in the application form. The main thing is to check all the information used to identify the person for accuracy. What else increases the chances of getting approved for a loan?

  • good credit history;
  • applying with online lenders;
  • official employment.

People who have previously taken payday loans and repaid them in a timely manner can get instant approval. Repeated requests will not require you to fill out the web form again. You just need to log in and specify the loan parameters.

How to repay a quick payday loan

Payday loans are usually repaid quickly in a lump sum (within 1-4 weeks). Funds are typically withdrawn from your bank account automatically on the due date. You receive cash on the spot. There are also lenders that offer a $500 loan with monthly payments.

Because lenders have different repayment terms, make sure to ask for the specific due date or check for the date in the agreement.

If you have difficulty repaying your loan on time, you should contact your lender in advance. This will help you avoid penalties.

What is the best place to borrow $500 online in Georgia?

In order not to get lost in a huge variety of loan offers, use our lender matching portal. Our platform has a wide network of trusted microfinance companies. All of them are licensed and credible.

Microfinance companies from our network offer loans on very attractive conditions.

Participating lenders do not require many documents. It is necessary to provide only one – a government-issued ID. You do not need to provide any income proof certificates, collateral or guarantors.

The loan referral service operates around the clock and seven days a week.

What are the things to consider when applying for a $500 loan?

You can get a small loan quickly from the comfort of your home. Our matching service operates throughout the USA and occupies a leading position in the online microfinance sector. You can apply around the clock, which is essential if you need cash as soon as possible to meet urgent needs.

When applying for a 500 dollar online loan, it is important to pay attention to the following points of the offer:

  • Interest rate. The interest rate is the percentage you pay to borrow money from a lender for a specific period of time.
  • Loan amount. $1000 is usually the maximum that the organization provides. If you have a good credit score and a stable job, the company can offer a larger limit. The maximum that you can borrow with us is $2,500.
  • Repayment period. You can typically borrow up to $1000 for your needs for a period of 7 to 31 days. If you default on your loan, you can often extend the loan term without penalties.
  • Penalties. If you violate the terms of the contract, a fine will be charged.

What questions should you ask yourself before taking out a loan?

Before you borrow money, ask yourself two questions:

  1. Is it possible to solve the problem without money? The situation may be not so critical. Consider postponing the decision and saving from your own funds to avoid borrowing.
  2. Will I be able to repay the debt on time? It is important to assess your financial capabilities. You still have to return what you borrowed, and the principal loan amount plus interest can be an unbearable burden for your budget.

If you answered “YES” to both questions, then feel free to contact a microfinance institution. This is a universal solution in an unstable financial situation.

Can I get rejected for a $500 loan?

Although microfinance institutions have high approval rates, rejections still occur. If your application got declined, do not be upset. As a rule, there are several reasons for this:

  • you did not fill in all the fields in the application form;
  • you provided false or incorrect information;
  • you have no income at all;
  • you have outstanding debts.

In this case, it is recommended to fill out the form again and double-check the data in the document. As a rule, this helps to quickly solve the problem.

Boost your odds of getting approved by a lender

To get approved for a 500 dollar loan direct lender, you must be over 18 years old. And you’d better have no overdue loans at the time of application. Also, the chances of approval will increase if you meet the following conditions:

  • fill out the application form carefully – without spelling errors, omissions and incorrect information;
  • provide additional information that confirms your solvency;
  • no dot request too much – if your monthly income is $700 and you request a $1000 loan, then your application is likely to get rejected;
  • answer the call of the lender – sometimes the application is confirmed in this way.

Is a quick 500 dollar loan right for me?

Since bad credit payday loans are speedy, it is worth taking them if you need money urgently, or if banks are likely to reject your request because you do not meet some of the requirements. We will give several examples from real practice. A 500 dollar loan no credit check is usually taken by people in order to:

  • make a payment on another loan to avoid delinquency;
  • pay current expenses (most often these are foods) if the paycheck is delayed;
  • solve urgent unplanned tasks: from repairing a broken smartphone to buying a ticket if you are in another city and need to return home, etc.

Alternatives to payday loans: other ways to get $500

There are several alternatives to consider before you take out a payday loan:

  • Your local credit union: They provide straightforward and affordable financial products. Credit unions offer payday alternative loans that are likely to be cheaper than bad credit payday loans.
  • Sell your unwanted items: Probably you have some things you no longer need. Use online platforms like Craiglist to turn these into cash.
  • Paycheck advances: Paycheck advances (or cash advances) allow you early get the money that you’ve earned but not yet received. The best thing about cash advances is that they’re usually cheap (or even free) since you’re just getting money that would’ve eventually been yours anyway.
  • Cut back: Try to reduce your spending to avoid the payday loan trap.
  • Ask friends or family for help: Your friends and family could be able to lend you money. This method is usually interest-free.
  • Pawn shop loans: You don’t need a credit score, a bank account, or even income to get a pawnshop loan. You just need to bring in something valuable as collateral. The pawn shop will give you a loan based on a percentage of your collateral’s resale value, which you’ll have to pay back (+ interest and fees) in a month or two. If you default on your loan, they’ll sell your collateral to recoup their losses.
  • Nonprofits and charities: Some nonprofits and charities in your local community are able to help you out financially, especially if you’re struggling due to illness or a sudden loss of a job.

Why apply with us?

Need a same day $500 loan for bad credit? If you apply for a loan with us, then the chances of getting approved are very high – up to 95%. You can verify this by studying the positive reviews of our customers. Almost all of them received the required money and were satisfied with the terms of cooperation. Many customers have already become regular and actively use the company’s discounts.

Benefits of using our loan matching service:

  • Reliability – all lenders from our network have a license to issue loans online. All customer data is securely protected.
  • No strict requirements – there is no paperwork involved and you do not need to provide guarantors. The lender does not pay attention to your credit score and credit history. To apply for a quick loan, you will only need a few basic documents confirming your identity.
  • Quick online application process – you can receive funds as quickly as possible. You do not need to fill out long questionnaires, contact the manager via Skype, answer numerous questions, etc.
  • Regular promotions – our regular clients can get the most favorable terms of cooperation.
  • Efficiency – the lender makes a lending decision quickly – you can get the money as soon as today.
  • No hidden fees – all lenders from our network are honest and never charge hidden fees.

Top tips for first-time borrowers

To borrow money quickly, just follow a few easy tips:

  • Provide only valid data. Some people believe that microfinance institutions issue loans without credit checks. This is not true – all information is verified. But the presence of negative factors (for example, a bad credit score) does not cause your application to get rejected. Unlike attempts to provide false information;
  • Do not hide the presence of current debts. With us, you can get a loan even if you have current loans from a bank or other microfinance companies;
  • Do not leave fields blank. Otherwise, the manager will contact you to clarify the information or the request will be automatically rejected;
  • Use your personal bank account. Do not use bank accounts issued in other people’s names;
  • Spend 5-10 minutes on the lender’s site, study the terms and conditions. Many online portals use systems that track user behavior. Instant application “tells” them that the client is not responsible.

Online $500 same-day payday loans are the easiest and most convenient way to get fast financial assistance. We help you get access to low interest rates and instant funding. Besides, using an online short-term loan is a real opportunity to fix your credit history. Requirements for borrowers are easy to meet. Apply with us now and evaluate all the benefits of online loans!

FAQs: 500 dollar payday loans

Is it easy to get a 500 dollar loan today?

It is possible to get a loan for $500, depending on the lender you work with and your budget. Different companies offer varying loan amounts, and the amount of the loan you can be approved for depends on multiple factors.

Will a bank give me a $500 small loan the same day?

Banks may approve you for a loan and give you the funds within the same day, but the entire process of applying and getting approved could take several business days. You’ll likely need good credit to be eligible for a personal loan from a bank. But lenders from our network offer same-day options for any credit score.

What credit score is needed for a $500 loan?

Typically, borrowers need a credit score of at least 610 to 640 to get a personal loan from a bank. To qualify for a bank’s lowest interest rate, you typically need a score of at least 690. The good news is that microfinance institutions from our network issue loans with no credit checks, and you may qualify even if you have no credit.