1. ✔ Home
  2. ✔ Blog
  3. ✔ The Best Second Chance Payday Loans Direct Lenders
2nd Chance Payday Loans

What you get with a Second Chance Loan

More than 50% of US residents experience of loan denial because of bad  credit. That’s why many Americans wonder if they will actually qualify for a Payday Loan with poor credit. In this case, 2nd chance loans from direct lender may be the right option.  

A Second Chance Loan is a simple and secure financing option that gives borrowers the ability to quickly apply and receive financing. Even if you had problems repaying loans in the past, you are now eligible to apply and get approval from a direct lender. 2nd Chance Loan has this name because it gives borrowers the opportunity to get a Payday Loan even if other lenders have rejected their applications. This way you can get a second chance and deal with your difficult life situation.

With a Second Chance Loan, you can usually get from $ 100 to $ 1000 to help you cope with your needs. What's more, you don't need to provide collateral or go through a hard credit check in order for your application to be approved!

2nd Chance Loan is what you deserve!

Loans from a direct lender were created to show that a bad credit score is not a major component of an application's approval. Banks, credit unions, as well as many lenders refuse borrowers because they have bad or poor credit history. Lenders find it dishonest that borrowers' past actions determine their future. Even if a person has had problems repaying a loan before, they may still be in an emergency and need funding. Thus, a 2nd Chance Loan is a good opportunity to receive funding and cope with difficulties.

Why may bad credit prevent Payday Loan borrowers from instant approval?

Your credit score shows if you’ve been a responsible borrower in the past, if you’ve paid bills on time, what credit card balance you’ve carried, etc. These are important factors that show the lender how likely you are to repay their money on a due date with no defaults, penalties, rollovers, and other risks.

So, lenders will sooner provide short-term financing to applicants with a good score of more than 690 points.

However, those with poor or bad credit with less than 630 points shouldn’t get into despair. Everybody deserves second chance. And there’re numerous lending companies specializing in 2nd chance loans for bad credit borrowers.

How to qualify for a 2nd chance loan?

While direct lenders can do at least a soft credit check, a bad credit score will not stop your loan request from approval.

There other ways they use to determine your creditworthiness - your cash flow information (pay schedule, income, and previous debts). This provides lenders with a clear understanding of how you managed your money previously and whether you seem to be worth of the second chance.

What are the requirements?

  • You must be a resident or citizen of the US
  • Minimum age 18 years old
  • An active bank account is required
  • Proof of income
  • Contact details such as phone and email

How to Apply for 2nd Chance Payday Loans with Bad Credit

First of all, search from direct lenders. They are available 24/7 regardless of your credit score.

  1. Just go to the company’s website and fill out a simple online application form.
  2. Enter your full name, email, employment information, social security number, the necessary loan amount and so on.
  3. Get instant decision with rates and terms that the lender can offer you.
  4. If you decide, sign the agreement and get the money.

2nd chance Payday loans from direct lenders range from $100 to $1,000 and should be repaid on the next pay date within 14 – 30 days.

What are the indisputable benefits?

Applying for a 2nd chance Payday Loan, you potentially get plenty of advantages such as:

  • Good Credit is not obligatory for approval.
  • Neither collateral or cosigner is required.
  • These are loans from Direct Lenders with no third parties involved which ensures safe and quick borrowing.
  • Good for Debt Consolidation to help you pay off your multiple bills or credit card debt easily.
  • The Requirements are very simple which makes practically every US resident of a legal age able to qualify for a 2nd chance loan.
  • You can get the money on the Same Day after Approval.
  • There’re No Restrictions on Loan Usage – let it be major purchase financing, or credit card bills; home repairs and improvements; medical or dental bills, etc.

Frequently Asked Questions


What Is a Second Chance Loan?


Can I Get a 2nd chance Payday Loan if I Already Have One Out?


How do Second Chance Loans Work?


What are the drawbacks of 2nd chance Payday Loans?


What is the difference between a Second Chance and a Payday Loan?


How to Apply for a Loan with Bad Credit?

Online Loan Services from Good Friend Loans