Payday loans also sometimes know as PayCheck loans, Fast cash, Check loans and many more. The short term loans can be given to residents of US, above 18 yrs of age and must have a bank account with a regular income source. This loan is generally for those who needs loan in just no time and can repay the amount on their next payday.
Bad Credit history in this loan is not a problem as this loan is given to only those people who are currently working. This loan is ideal for who have had issues in past with their loan repayments but are still willing to take on the responsibility of an unsecured loan. The APR rate on bad credit loan is higher than on the regular loan but not as high as some other credit loan.