Low Income Loans – No Cosigner, Bad Credit OK

When you’re not rich, getting even a small loan can be difficult. With the SSI Cash Advance lending network, we can help you find cheap payday loans to pay the bills. No matter whether you need money for medical expenses, automobile repairs, or unexpected bills, you have a good opportunity to get approved. You don’t need a cosigner, you don’t need great credit, and in some cases you don’t even need a job!

You don’t need a cosigner.

Have you ever been forced to involve your spouse, parents, or close friends because the bank wouldn’t approve you for a loan? It’s hard to get an affordable personal loan when you’re considered poor.

A cosigner is a great way to get more cash from your application. Someone who makes a higher salary than you or has a better credit score than you agrees to “back” the loan. If you don’t pay when it’s due, then the cosigner is responsible for paying. If no one pays, you can both damage your credit reports and financial future.

If you don’t have someone you trust to cosign or just don’t want to bother, you’re in luck. Today’s lenders have lowered standards to help subprime borrowers take out quick cash for emergency expenses.

You don’t need great credit.

You can get low income loans even if you have bad credit or no credit.

With a traditional bank loan, your credit report would be poked and prodded to uncover all the gritty details. The bank looks for past mistakes as a reason to reject your application. If you forgot to pay a bill, if you have too many credit cards, or if you look like a high credit risk, you can get denied.

Cheap payday loans remove the hassles by removing the credit checks. If you can afford to repay your debts with your stated income, you won’t receive a credit inquiry from Experian, Equifax, or TransUnion in most cases. These are the major credit bureaus that track all of your financial history, such as your mortgages, credit cards, student loans, car loans, and store cards.

Credit Score Type of Credit Loan Status
700 – 850 Excellent Approved
680 – 699 Good Approved
620 – 679 Average Approved
300 – 619 Poor Approved
Have you checked how your credit is doing this year? Financial professionals recommend downloading a report at least once annually.
Check Credit Score for Loan Approval

Some companies do use Teletrack, which is a way of checking whether you have defaulted on any other cash advance loan recently.

There’s no need to search for bad credit payday loans. Fill out a simple application and a loan specialist will contact you with more instructions.

You don’t need a job.

You don’t need an 8 to 5 job, but you do need a regular income. Most lenders cannot afford to give money to people who make less than $800 per month. That’s about $200 a week or $5 an hour, less than minimum wage.

Do you receive regular disability payments or checks from the Social Security Administration? Do you get alimony or bonus checks? As long as you have a steady income, you can qualify for at least a few hundred dollars to tide you over until the next deposit comes in.

Income Guidelines

These loan income guidelines will give you an idea of how much you’ll need to make to take out a short-term cash advance. They are examples only; each company uses its own criteria to approve your application.

Gross Monthly Income Gross Yearly Income Loan Qualification
No minimum No minimum Up to $500
$800 $9,600 Up to $1,000
$1,000 $12,000 Up to $1,200
$1,250 $15,000 Up to $1,500
Gross income means before taxes and deductions

You can get great rates and instant approval.

When you start your application today, you will receive the best interest rates across the market. Unlike big banks that jack up loan rates for poor people, SSI Cash Advance uses a wide network of lenders to get you low fees and competitive repayment terms. Our partners compete for your business, so they make the process as easy as possible. No faxing, no cosigners, no credit checks, and no hassles. Just guaranteed access to the low income loans you deserve.

Learn more.


10 Responses to Low Income Loans – No Cosigner, Bad Credit OK

  1. teia johnson 09.25.15 at 12:21 pm

    I need a small loan to cover the cost of my books this semester. I make less than $800/ month, I have no credit history, and I have no cosigner. Would I still be able to get a loan?

    • Loan Supervisor 09.28.15 at 10:54 am

      In some cases, you can still get a short-term loan without a credit history. Most of our lenders require income of at least $800 to $1,000 per month.

    • Loan Supervisor 08.17.15 at 10:52 pm

      Please fill out a payday loan application ($100 to $1,000) or an installment loan application ($1,000+). You can get money in your bank account in as little as 24 hours after your approval.

  2. I would like to know if I can receive this payday due to I receive my s.s.I and s.s. on a debit card its direct deposit, I need the extra money for appts. And a few items. To hold me over the rest of the month… Plz let me know a.s.a.p.

    Sincerely. Robin. G.

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