Online Payday Loans with Bad Credit in Tennessee

Finding yourself short of cash is never a pleasant experience. Home repairs, car problems, or almost any unexpected emergency can take a bite out of our savings. If you need online payday loans with bad credit in Tennessee, there are payday loan companies that can help, even if you have bad credit. If you are searching for a lending company in Tennessee, they are often referred to as deferred presentment loans.

Where to Start

A quick search online can help you find a reputable lender. It’s very important to know a few key points prior to providing your information.

First, make sure you find a loan company that is licensed with the state. The state of Tennessee has strict consumer regulations on short-term loans. They will vet and license lenders, so you know they are reputable and qualified to provide you services.

Some online lenders are not licensed by your state regulators, which means, they don’t have to follow the state mandated interest rates or consumer protection laws put into place. A licensed lender will be able to provide their license number, and you can also find them with the Tennessee Dept. of Financial Institutions.

Another key point, it’s always best to find a direct lender, rather than using a website that matches you with lenders. If you use a match service, plan on your information being sold to numerous online companies. No reason to do that if you can start with a licensed lender from the beginning.

Getting Online Payday Loans With Bad Credit

If you are applying for a loan in Tennessee, you are eligible for up to $500 in principal with many lenders. It’s important to note that only two loans are allowed at the same time and cannot total more than $500.

These loans are designed to be paid back quickly, so the term ranges from 7-31 days based on the next pay period.

No reason to worry about credit history with these lenders, as many will not use credit score as a determination for credit. These loans are based on income, so whether or not your credit history isn’t quite up to par isn’t an issue.

Filling out the form online is a simple and convenient process. The best lenders will let you know very quickly if your application is approved or if additional information is required.

If approved for a loan, the funds will be transferred directly to your account that day, or the next business day.

Keep in mind, a payday loan in Tennessee is due in full on the maturity date. You may obtain another loan once the current loan is paid in full.

What Do I Need?

Applying for an online loan is simple, but you must have the following items:

• Online banking with a checking account
• A valid Social Security Number
• A valid Driver’s License from Tennessee
• Proof of ongoing income that meets the lenders requirements

You do not need to be employed to receive a payday loan in Tennessee, but you must show proof of recurring income, such as: alimony payments, Social Security checks, retirement distributions, or other pertinent proof of income.

Lending Bear

Trust Lending Bear to get your emergency money when you need it. They are state-licensed, so you can be certain that their lending practices are fair and responsible.

Lending Bear is a member of the Community Financial Services Association of America (CFSA) and subscribes to the industry’s Best Practices (CFSA Best Practices). They also carry an A+ rating with the BBB which shows their excellent service practices.

Contact them today with any questions you might have about getting an online loan in Tennessee. Make it easier and apply online to see if you are approved.