Quick Online Loans - Instant Loan Decision
Research shows that 46 percent of Americans don't have enough cash on hand to cover a $400 expense. If an emergency arose, they would have to sell belongings, borrow from friends or family, or get a loan.
What can help this situation is better access to credit. Unfortunately, over 50 percent of Americans have credit scores below the coveted 680 mark, so most banks -- according to the Federal Reserve Board -- won't extend credit.
This leaves too many people unprepared to handle unexpected expenses, such as a medical issue, or to pay the bills if a paycheck comes in late. At LendUp, we're working to change that across the country.
Thankfully, there are options for fast loans. A fast cash loan differs from a traditional loan in that the approval process is much faster. For instance, with LendUp you can apply for a loan in as little as five minutes. Even better, the money can usually be in your bank account in one business day.
Before you apply for a fast cash loan with LendUp, take some time to learn about the requirements and advantages, how to find the right lender, and answers to frequently asked questions. You'll then be ready to apply, get the cash you need and start building a better financial future.
I need a quick online loan. What do I need to apply?
At LendUp, we make it easy for you to apply for a fast cash loan. For first-time borrowers, we offer up to $250. Here are the requirements we have:
You must be 18 or older.
You must show a source of income (pay stubs, government checks, etc.).
You are not in the military nor a dependent of someone in the military.
You have a checking account capable of accepting electronic transfers.
You must provide a phone number and valid email address.
You may be worrying about not being approved due to poor credit. At LendUp, we don't require you have to good credit.
Advantages of a quick online loan
A fast cash loan can come in handy in a variety of situations. It can hold you over on bills and groceries while you wait for your paycheck. It can help when an unexpected situation comes up, such as a mechanical problem with your car. A payday loan can also prevent you from incurring expensive overdraft or late fees. If you have concerns or hesitations about going to a family member or friend for money, a fast cash loan from a licensed lender can be a viable alternative.
Just note: A fast cash loan should be seen as a short-term financial solution -- not a long-term practice. You should only get one if you know you can pay it back on time. This is how you avoid falling into a debt trap.
There are lots of payday loan offices throughout the state. However, be aware that many fast loan providers don't reward good customers. Even if you pay your loans back on time, your rates and terms never change.
At LendUp, we do this because it's our mission to help people improve their financial health.
Common questions about fast cash loans
Reading over common questions borrowers have about getting and using a quick personal loans can help you be completely clear on the process. Here's what you should know.
Question: Can I apply for an online loan if I have bad credit?
Answer: If you have a poor credit score, you still may be able to get a loan with us.
Question: How can I know if an online lender is legitimate?
Answer: You want to make sure they are properly licensed here in the United States, because this means they are following state and federal laws. Some companies set up on tribal land or offshore to get around having to follow the rules. LendUp is fully licensed by the states in which we operate.
Question: How can I be sure of the rates and terms?
Answer: Look at the interest rate and all fees involved. The APR tells you the total cost of the loan. Always know how much you'll repay before agreeing to take the money. At LendUp, we fully disclose this information because transparency is important.
Disclaimer: LendUp is not providing financial, legal or tax advice. If you need or want such advice, please consult a qualified advisor.
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What is LendUp?
LendUp is a socially responsible direct lender dedicated to helping our customers meet their short term needs.Learn more about LendUp »
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What people are saying
an innovative new payday loan banking model that’s more Silicon Valley than Wall Street
LendUp is leveraging technology to redefine the payday lending experience, bringing a new level of innovation and transparency to an industry that desperately needs disruption.
...LendUp is a better product than the traditional payday loan.
A lending startup with a heart
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Testimonials reflect the individual's opinion and may not be representative of all individual experiences with LendUp. Customers received compensation in the form of points on the LendUp Ladder.