When you’re not rich, getting even a small loan can be difficult. The SSI Cash Advance lending network, with more than 100 partners, 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 and you don’t need great credit.
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 the banks say you’re too 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 relaxed standards to help subprime borrowers take out quick cash for emergency expenses.
You don’t need great credit.
It’s possible to 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.
Even cheap payday loan providers need to make sure you can repay your debts with your stated income. You may not receive a credit inquiry from one of the “Big 3” (Experian, Equifax and TransUnion), the major credit bureaus that track all of your financial history, such as your mortgages, credit cards, student loans, car loans, and store cards. Instead, the lenders may use a different credit agency to check your payment history and outstanding debts. Teletrack, for example, is one 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 short “getting started” form 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 may qualify for at least a few hundred dollars to tide you over until the next deposit comes in.
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. First-time borrowers typically receive smaller loans than repeat customers.
|Gross Monthly Income||Gross Yearly Income||Loan Qualification|
|Less than $800||Less than $9.600||$0|
|$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 market rates and lender approval in as little as 5 minutes.
When you submit your information today, you will receive 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 competitive fees and repayment terms. Our partners compete for your business, so they make the process as easy as possible. No faxing, no cosigners, and no hassles. Just access to the low income loans you deserve.