1 Hour Payday Loans With No Credit Check

When you need money desperately, every minute can be decisive. Luckily, there is a suitable option for those who can relate! 1 hour payday loans may be a perfect financial solution for people who are short in cash and need to bridge the gap between paychecks.

Second Chance Payday Loans is a great direct lender alternative. We make it possible to get emergency cash loans with no credit check within an hour via your smartphone. You can get the money you need without documents by providing their digital copies. Just complete a simple loan request form and get an almost instant response.

What Are One Hour Payday Loans?

One hour payday loans are small, bad credit personal loans that allow you to get an approval decision in as little as 1 hour. If approved, the money will be transferred within 1 business day via a direct deposit into your bank account. These loans offer amounts of up to $1,000, depending on your state. They are popular with bad credit borrowers for their simplified loan application and approval procedures. It typically takes just 5 minutes to complete the form, and the verification process involves no hard credit check.

Interest Rates

Fast loans can come with quite high interest rates. An APR often exceeds 400%. You are likely to pay between $10 and $30 per each $100 you borrow. For example, if you get $300, your total will be between $330 and $390 excluding any potential processing fees.

Repayment

You are obliged to return the money within 14 to 30 days. Ensure you have sufficient funds in your bank account on the due date since you’ll be charged automatically according to your agreement.

Application Guide with Second Chance Payday Loans

1 hour payday loans have lenient requirements. Before filling out an application form, ensure you meet the basic eligibility criteria.

Requirements

In order to qualify for a loan, you need to:

be at least 18 years old (19 in certain states)

be a citizen of the US or hold a permanent resident state (Green Card)

have stable monthly income

have an active bank account

The criteria above does not include the minimum credit score, because it doesn’t matter. We check your general financial history and income, so you can get approved even if your credit score is not great.

How It Works: Application Steps

A one hour cash loan is known for a simple submission process that can be completed in a couple of simple steps.

Application. First, you need to fill out an online form via the website. Enter your personal details, bank account information, and financial info. It usually takes about 5 minutes.

Approval. Get an answer from a lender within 1 hour. There are no traditional credit checks performed. At this stage, you might be asked to upload digital copies of your ID and proof of income, so make sure they’re ready.

Funding. If approved, carefully review the offer and pay extra attention to the interest rate, repayment period and any extra fees. If everything looks good, e-sign the loan. The money then will be deposited into your bank account within 1 business day.

Is It Possible to Get a 1 Hour Payday Loan with a Bad Credit History?

Payday lenders typically ignore the records in your credit report, so you can get a fast cash loan with a bad or no credit score at all. The thing that really matters is your monthly income. This value must be enough to cover the loan amount that you request as well as your living expenses and any other outstanding loans.

Can Online Payday Loans Reach My Bank Account in One Hour?

When lenders say “one-hour loans” they commonly mean a loan approval decision that a borrower gets within a short period of time, generally within one hour. As money transfers take a bit more time, normal funding terms are usually about 24 hours if you apply on a working day.

If your application through Second Chance Payday Loans is approved on a Friday, a holiday, or a weekend, the money will reach your checking account as soon as the next business day.

When Might You Need One Hour Loans?

One hour payday loans are used to cover emergency expenses and are not suitable as a long-term financial solution. Here are some common uses:

Medical bills

Utilities

Car repairs

Minor home repairs

Appliance purchases

Due to the short repayment period and high interest, a payday loan might be quite a significant financial burden. That’s why it’s important to request this loan if you actually need it and only get an amount you can afford to repay.

What Are The Benefits of 1 Hour Payday Loans?

Payday loans can be a lifeline in emergency situations. Below are some advantages to this financial solution.

Instant Decision

1 hour payday loans do not require hard credit checks which makes them fast and quite easy to get. In most cases, you can apply for a loan online by filling out basic information and receive the lender’s decision within minutes.

Quick Funding

If you are approved before 10:30 AM, you can even be funded on the same day. Otherwise, expect the funds to reach your checking bank account within up to 48 hours.

Little Requirements

It doesn’t matter if you have a poor credit score. In addition to basic criteria such as age and citizenship, you simply need to have an income of at least $12,000 a year to qualify for a loan through Second Chance Payday Loans. That means that our payday loans can assist almost anyone.

Pitfalls of 1 Hour Payday Loans with No Credit Check

Besides the positive sides of payday loans, there are also some negative ones. Here are several drawbacks to consider:

High Interest Rates

The hefty interest rates on quick payday loans are their major drawbacks. Their annual percentage rates (APRs) can exceed 400%. As a result, you’ll find yourself paying back considerably more than you would with a traditional bank loan.

Short Repayment Period

After you borrow the money, these loans are normally due two weeks to one month later which can be a significant financial burden for some. Realistically analyze your repayment ability to ensure you can return the money on time.

Risk of Debt Cycle

Since emergency cash loans are so easy to get, some people may find themselves taking out loans each month to repay previous debt. This way, you get into a debt cycle, and sooner or later, your debt starts to grow due to incurring interest. Only borrow an amount you can afford to repay with your next paycheck.

Why Second Chance Payday Loans?

If you’re in need of a quick cash advance, we know how to help you get right what you need. Here are some reasons you’ll enjoy working with Second Chance Payday Loans:

No Hard Credit Check. We do not pull your credit records so neither is your score at risk, nor will it influence your chances of approval. Our payday loans will not appear in your credit history unless you miss your payments.
Lenient Requirements. You can get a loan even if your income is quite low. As long as you earn more than $12,000 a year, you might qualify for a payday loan. However, higher income might get you a better deal.
Easy Application. Second Chance Payday Loans offers a streamlined application process. Our website is easy to navigate, and the request form is short and straightforward.
Almost Instant Decision. Since most of our processes are automated, you are likely to receive a lender’s decision within just a couple of minutes.
Quick Funding. As long as you apply before 10:30AM, you can receive your money on the same day. Alternatively, the funds should reach your bank account the next business day.

Alternative Options for Quick Cash

If you do not have a stable income and your credit score is not great, you still have some options. Here’s how you might be able to get emergency cash:

Borrowing from Family or Friends. Getting money from someone you’re close to can help you avoid paying any interest. Be sure to only borrow an amount you can repay and realistically estimate how much time you need to return the funds.
Using Credit Cards. If you already have a credit card, using it to cover your emergency expenses is the quickest way to handle the situation. As long as you repay your balance by the end of the billing cycle, you will not pay any interest on the borrowed amount.
Paycheck Advance. If you are employed, you can still request a salary advance. The success of this request depends not only on the company’s policy, but also your relationship with your employer.

Common Payday Loan Mistakes

Requesting the loan is extremely easy. To ensure your entire borrowing experience is just as smooth, avoid the following mistakes:

Borrowing too much. You need to assess not only how much you need, but also how much you can repay. If you borrow more than you can afford, you risk damaging your credit score and paying late fees.
Not having a repayment plan. You need to have a strategy in mind to have a positive experience. Calculate your living expenses and put aside the necessary amount for the loan. This will ensure you can repay your debt on time.
Getting another loan. Taking a new loan to cover your debt can lead to a debt cycle. Instead, reach out to your lender as soon as you realize you can’t pay on time. You might be granted an extension which can help you handle the loan more easily.

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FAQ

Are cash loans wired in 1 hour?

Unfortunately, no. Even if the transaction is confirmed within an hour, the banks often have longer processing times. However, unlike traditional bank loans, you will receive the decision regarding your loan almost instantly. If approved, you will get funded within 1 business day.

What options do I have if I need money in one hour?

The quickest way to get funds is to either use your credit card or borrow from somebody you know. Most loans use direct bank transfers that usually require more than an hour to go through.

Are there any fees associated with my loan?

Besides a lender fee, you may also be charged an origination fee of up to 10% for processing your loan request. This charge depends on your state. If you fail to repay your loan time, an NSF fee may also apply. It typically ranges from $20 to $30 per failed transaction.

How much money can 1-hour payday loans provide?

You can get up to $1,000 through Second Chance Payday Loans. The exact amount depends on the state you live in as well as your income. The more money you make, the higher the amount you can borrow (within your state’s regulations).

Will Second Chance Payday Loans review whether I’m unemployed?

Payday loans require no employment verification. Your job doesn’t matter as much as your overall financial situation. Still, unemployment payday loans require a certain income confirmation. You need to be able to not only repay the loan but also afford to cover your basic monthly needs.

How can I repay my 1 hour payday loan?

The repayment is made via an electronic withdrawal from your bank account on the due date. Make sure you have enough funds in your balance to avoid late payments and extra fees associated with them.