Best Online Payday Loans In 2022: Top Direct Payday Lenders For Fast Cash Advance Online Loans

The average unemployment rate in the second and third quarters of 2020 was around 15%. The Congressional Budget Office’s website has further information. According to the Economic Well-Being of US Households survey, four out of ten Americans are unable to come up with even $400 in an emergency.

What happens when your automobile breaks down if you fall into one of these categories? What do you do when your television has to be repaired, and the Olympic games begin tomorrow? Payday loans are your best bet in these situations.

In short, if you find yourself in a situation where you want immediate cash, and you want the money that you can repay on your next paycheck so that you do not become entrapped in a debt cycle, then the finest online payday loans are what you need.

We’ve compiled a list of the top online payday loans for you in this article. Let’s get started without further ado!

Top 4 Picks For Best Online Payday Loans:

1. MoneyMutual – Overall Best Online Payday Loan Lender For Fast Cash
2. FundsJoy – Best Emergency Loan Provider With A Bad Credit Score
3. Bad Credit Loans – Popular Same Day Loans With Instant Approval
4. CashUSA – Top Quick Loan Service For Cash Advancement

Personal Loans – Best Trusted Interest Rates On Personal Loans

#1. MoneyMutual – Overall Best Online Payday Loan Lender For Fast Cash

Because MoneyMutual is a trustworthy and good online financial firm, you may acquire a same-day loan from them with no credit check and immediate approval. It is based in Vegas, Nevada, and was created in 2010. This business is also a member of the OLA and CFEF, using security measures such as 2048-bit RSA.

Fill out a brief form that should take no more than five minutes to complete to begin the loan application process. Fill out the form below, and a firm representative will contact you within five minutes.

MoneyMutual matches you with a lender who will lend you money. As a consequence, you’ll be sent to the lender’s official website, where you may read the entire terms and conditions. This is where you address any modifications or adjustments with the lender directly, as MoneyMutual is not engaged in this process. As a result, they are not liable to pay anything.

If a lender accepts to deal with you, you will be sent to their website and given a loan offer, which will contain the APR information. Please read the lender’s materials carefully to make sure you understand how much money you’ll get and how much you’ll have to pay back.

Highlights

All loan candidates at MoneyMutual, like those at other networks, must fulfill the company’s eligibility standards. Borrowers must be 18 years old, have a bank account and a Social Security number, and have a monthly income of at least $800. You’ll also be needed to provide evidence of employment.

As a result, people may have a difficult time getting a loan. Borrowers must meet certain conditions in order to repay their loans on schedule and without default.

• The Loan Limits and Terms are Clearly Marked

You should satisfy certain conditions to apply for a loan on MoneyMutual. You must earn at least $800 per month and have a bank account to be eligible. You must also be a permanent resident of the United States.

MoneyMutual matches you with lenders who may provide you with loans ranging from $200 to $5000, based on your requirements. People with bad credit usually take out smaller loans, such as those between $300 and $500, since they need money right now.

After making 24 on-time payments on one or more MoneyMutual loans, borrowers can cut their interest rate in half. You may be eligible for a new MoneyMutual loan with an APR of 36 percent after making 36 on-time payments, which is the maximum rate for most non-payday loans.

Customers with no or terrible credit may improve their condition even more by making on-time payments and paying off obligations. Rise works with customers to help them improve their credit scores by reporting transactions to credit bureaus.

⇒ Visit the Official Website of Money Mutual

Pros

• Over 2000,000 satisfied customers
• Short-term loans are simple to acquire, with an application process that is quick and simple
• MoneyMutual has no fees. Therefore it’s completely free to use
• Borrowers receive funds in their accounts within 24 hours

Cons

• You must earn at least $800 per month to be considered for this program

Customer Experience

Some customers have said they will recommend MoneyMutual to others who need a loan in the future because of the company’s promptness. The speed with which the funds were transferred has garnered nothing but praise. Customers also praised the website’s security as well as the loan terms.

MoneyMutual has received positive comments from over 2 million consumers in the US. The site’s reputable lenders and quick reaction time are popular with customers. MoneyMutual also offers installment loans, payday loans, and loans for those with bad credit, all of which have proven to be successful.

#2. FundsJoy – Best Emergency Loan Provider With A Bad Credit Score

FundsJoy is the market leader because it offers its consumers a safe, secure, and speedy money transfer. They, like others, are a loan marketplace that may connect you with a huge network of lenders prepared to work with you no matter what your credit score is. They provide a safe and secure connection between lenders and borrowers. FundsJoy is a middleman that connects you to a variety of lenders who will actually lend you money. The issue is that not all suppliers will accept the standard payment method required for money transfers in your state.

FundsJoy has been lending emergency funds successfully to Americans all across the country. Its mission is to collaborate with ethical lenders and service providers while also educating customers on the lending process.

Overall, it is a great lending marketplace for people who don’t qualify for traditional bank loans. FundsJoy is, in fact, America’s greatest poor credit loan provider. On their website, they have minimal eligibility conditions and can lend you up to $5000. You must be at least 18 years old, a US citizen, have a bank checking account, and have a minimum monthly income of $800 to be eligible for a loan.

According to the company’s website, the application procedure can take as little as a few seconds, and cash can be provided the next business day.

Highlights

FundsJoy does not have a say in the terms and circumstances of the loan-taking procedure because it acts as a ‘go-between’ in the lending process, connecting clients with potential lenders. These conditions are set by the lenders and can be discussed with them directly.

FundsJoy can connect you with people who can provide you with money right away, ranging from $5,000 to $35,000 in some situations. After all, FundsJoy works with more than 60 active lenders.

As the name implies, emergency loans are used in the event of an emergency. This indicates that the individual is either busy or does not have enough free time on his or her hands. FundsJoy has made an application form so simple that it takes no more than 5 minutes to fill it. Furthermore, it does not require your presence at the time of submission; you may fill out and submit the form on their website from the comfort of your own home.

With a FundsJoy loan, you may pay off your loan without incurring any fees. You won’t be able to seek a partial refund for your origination charge or any interest you’ve already paid, as with most funding sources.

⇒ Visit the Official Website of FundsJoy Loans

Pros

• Fast application – 5 minutes
• Lots of loan types – cash advance, payday loans, bad credit loans
• Safe website
• Smaller loans as little as $300
• Larger loans up to $35,000

Cons

• To qualify for the loan, the borrower must make at least $800 per month.

Customer Service

Many clients have given the site a positive review, noting that when they needed extra funds, FundsJoy.com was able to assist them. Customers praised the professionalism, usability, and security of the website. They did say, however, that the website has taken precautions to ensure that the information they submit is kept private and not sold to third-party websites or apps.

#2. Bad Credit Loans – Popular Same Day Loans With Instant Approval

BadCreditLoans is an online lending marketplace similar to MoneyMutual, but instead of offering the loan itself. This organization recognizes that financial emergencies occur when people least expect them. People with bad credit, in particular, find it difficult to receive loans from banks or other lending organizations as a result of these circumstances. Without the assistance of BadCreditLoans, those in need of online personal loans but with bad credit would be unable to obtain them.

Its goal is to work with ethical lenders and service providers while also educating customers about the loan process. They are the largest lender of bad credit loans to individuals in severe need, as their name indicates.

Overall, BadCreditLoans is a great lending marketplace for people with bad credit or who don’t qualify for traditional bank loans. It may be tough to obtain a variety of loans if you have a bad credit history or score. You will lose a lot of money and experience a lot of stress as a result of this. There’s no need to be anxious because BadCreditLoans can help people discover lenders no matter what their credit history is.

Customers must provide personal information throughout the quote process because MoneyMutual does not offer an online calculator like many payday loan companies. According to the company’s website, the application procedure can take as little as a few seconds, and cash can be provided the next business day.

Highlights

On the network’s website, adverts from third-party lenders appear. You may trust these lenders, despite the fact that they are not linked with BadCreditLoans. You can find a loan this way by visiting the websites of such lenders.

You may utilize the network for free to get additional services like credit restoration and debt relief. Keep in mind, however, that you are not obligated to accept any offer if the terms and circumstances are unacceptable to you.

By just following three easy actions, you may have this loan in your hands in minutes. Fill out a brief application at BadCreditLoans.com to get started. Personal information, such as your date of birth and bank account number will be requested. They’ll also want to know why you need the money, how much you need, and if you have evidence of citizenship.

You may pay off your loan without paying any costs with a bad credit loan. As with most funding providers, you won’t be able to get a partial refund for your origination fee or any interest you’ve already paid.

⇒ Visit the Official Website of Bad Credit Loans

Pros

• Loans may be obtained even if you have a bankruptcy or a bad credit score
• The money is delivered in less than a day
• To get a loan, consumers just have to go through three easy steps
• There are loans available ranging from $500 to $10,000

Cons

• It’s possible that asking a lot of personal questions will seem invasive.

Customer Service

Many customers have given the site a five-star rating, claiming that when they needed emergency cash, badcreditloans.com was able to help them right away. Customers commended the site’s professionalism, usability, and security. They did say that the site has taken steps to guarantee that the information they provide is kept private and not sold to third-party websites or applications.

#3. CashUSA – Top Quick Loan Service And Cash Advancement

CashUSA is an online lender that, depending on where you reside, offers a range of loans, including payday loans, installment loans, and lines of credit. Payday loans normally run from $500 to $10,000, whereas installment loans and lines of credit often range from $100 to $3500, depending on the state.

When it comes to personal data obtained from loan clients and website visitors, CashUSA.com reviews confirm the company’s exceptional degree of security and privacy. Lenders, lenders’ agents of record, firms that provide goods linked to your loan request, and other CashUSA.com marketing partners are among the third parties with whom they share personal information.

CashUSA.com is considered one of the most trusted and respectable options for emergency or personal loans to address a variety of issues. As a consequence, the organization is concentrating on making sure that the loan approval process is trustworthy and quick.

They don’t make loans; rather, they link you with lenders who can. The website links you with lenders who match your information and specifications because many lenders have their own terms and conditions for giving a loan. Because of the site, you can get the information you need to make an informed decision.

The platform has helped a huge number of borrowers in the United States obtain the financial solutions they need, and you can trust them to connect you with the top lenders in the country.

Highlights

CashUSA, unlike some of its rivals, works with lenders who offer loans to people of all backgrounds. That is to say, while each lender’s credit criteria vary, all credit profiles are approved. Anyone over the age of 18 who earns $1000 per month and is a US citizen or permanent resident with a bank account, email address, and phone number is eligible to apply for the loan.

You must return your loan directly to the lender with whom CashUSA.com has connected you. As a consequence, you will never be asked for money by CashUSA.com. Instead, you’ll almost definitely need to contact the lender directly to set up a monthly standing order. This means that your monthly payments will be deducted from your checking account until the loan is entirely paid off.

CashUSA.com employs computer protections, secure files, and secure buildings to protect your personal information from unauthorized access and use. They maintain a high level of security and privacy while collecting and processing personal information from their clients and any user that visits their website to borrow money. They have a privacy policy on their website explaining how and why they gather data from users, who they share it with, and what they do.

⇒ Visit the Official Website of CashUSA

Pros

• It’s very handy for most consumers, with a payback duration of up to 70 months
• The firm has a large network of lenders
• They don’t charge for matching borrowers with lenders
• You may get up to $10,000 in as short as one day
• No credit checks will be conducted

Cons

• The maximum loan amount is less than what was expected

Customer Experience

CashUSA.com is happy to address inquiries concerning its website’s content, including the loans included in its search results. Customers appreciate the manner in which CashUSA.com is an excellent internet resource for locating the greatest payday loan offers at any given moment.

Furthermore, the security of the consumers’ personal information astounded them. They indicated they would suggest CashUSA.com to their relatives and friends to seek respectable lenders and rapid money transfers.

#4. Personal Loans – Best Trusted Interest Rates On Personal Loans

Personalloans.com is a better value than a payday loan since its charges are capped at 199 percent, compared to about 400 percent for a conventional payday loan. Personalloans.com may be a good option for you if you have a negative, restricted, or nonexistent credit history because it does not only rely on your credit history for approval. If you have a quick financing time, you can get your money the following business day.

They guarantee that your personal data will be kept safe and secure at all times. As a consequence, they use cutting-edge encryption technology, making it risk-free to apply for a loan. You may get up to $35,000 from lenders, and you can apply for a loan at any time of day or night. Each deal is provided separately, so you may evaluate them one by one to find which one best meets your needs.

You’ll be able to read the terms and conditions on the lender’s website after you’ve visited it. If you believe the conditions of the loan are reasonable, you may accept them. If you accept the loan terms, you should get the funds within one business day; nevertheless, your banking institution may cause delays.

Highlights

The Personal Loan website is best recognized for greeting visitors and assisting them with loan applications and repayment. While browsing the site’s different features, users may learn from a large knowledge base. Simple articles can educate you all you need to know about APR and the repercussions of late payments if you don’t know what they are.

To be eligible for a personal loan, you must be at least 18 years old. You’ll also need a bank account and a social security number. Personal loans, on the other hand, include a stipulation that makes them less appealing.

People with recent bankruptcies will be denied credit by the network. Furthermore, you will not be eligible for a Personal Loan if you have a debt to repay. Furthermore, the firm investigates your payment history to discover whether you have a history of late payments.

• Outstanding Customer Service

The team works from 6 a.m. to 7 p.m. on weekdays. It is kind, patient, and pleasant, going out of its way to assist customers with their issues and queries. On its website, the firm also offers thorough informational guides and instructional materials.

⇒ Visit the Official Website of Personal Loans

Pros

• You’ll be able to get your money the same day you deposit it
• Keep your personal information safe
• The money is paid to the borrower’s account in less than one business day

Cons

• Applicants with less-than-ideal credit may be turned down
• In comparison to other areas, more money must be paid in a month

Customer Experience

Based on consumer ratings, this online financial institution looks to be among the finest. They supplied the money sought by the clients in less than a day. They were amazed by how simple and quick the form was to fill out. After immediately filling out the form, they received a prompt answer from the lenders.

Buying Guide: What You Need To Know Before Getting an Online Payday Loan?

Because of the expanding number of payday lending organizations, there is an awful growing demand for loans, and acquiring them is becoming simpler. Many of them are available online, and there’s a lot to think about when applying for a loan.

Using an online marketplace, such as the ones on this list, simplifies the process of getting a loan and opens up more options than traditional searches. Rather than searching a slew of websites and filling out various forms, these platforms send the information to several lenders for review. If the lender agrees, they will issue you a loan offer.

• Who are Payday Loan Online Firms for

A payday loan firm may assist anyone who receives some extra cash for an unexpected expenditure or to help finance a significant purchase. While some firms are only open to persons with excellent credit, many others allow people with terrible credit or no credit to register. People who are cash-strapped for the month due to unplanned obligations such as a medical bill or a vehicle payment typically use this type of loan.

Payday loans are usually the final resort for folks who are trying to make ends meet. Some people, on the other hand, employ them to assist them in improving their credit scores. There are other ways to increase your credit score. Therefore a payday loan should only be used as a last resort.

• Who should avoid getting a payday loan

Payday loans are generally considered a last resort, despite the fact that they might be portrayed as suited for other uses. Even if the information in the advertisement isn’t exactly factual, it’s easy to be misled by ‘excellent’ advertising. If you’re thinking about getting a payday loan, keep in mind that it’s not a smart idea in the following situations:

1. You wish to put it towards repaying another loan
2. The loan is ‘necessary’ to pay for non-essentials like concert tickets, a new luxury automobile, or a vacation that you don’t need
3. You have one or more unpaid payday loans
4. If you’re not sure you’ll be able to repay it on time, don’t take a loan
5. The loan is not intended to solve a temporary issue
6. You’re attempting to establish a credit history

Payday loans are intended to help with short-term issues like auto repairs and vet costs. They aren’t intended to be used to solve long-term issues. It would be more appropriate to seek a loan from a credit union or a bank.

• Few things you should know

After you’ve decided that you need a loan from a business, there are a few things you should know about the loan:

The loan’s interest rate, term, and APR to get an indication of how much you’ll have to pay back. What is stated in the agreement? Don’t forget to read the contract from beginning to end. Always read the tiny print to determine if there are any potential red flags and to see if you may legally postpone payments with that company if something unexpected happens.

Suppose the financial institution is a member of the Online Lenders Alliance. While it’s simple to check whether the online marketplace you’re using is listed in the ONL, you should also check the loan vendor.

A payday loan online provider may offer you a delay or rollover after you’ve accepted a loan. They may even be willing to provide a second loan. Each time they provide a free debt adviser, the organization must provide you with an information sheet. Accepting a payday loan rollover might result in a higher interest rate and additional expenses, making repayment more difficult.

• Things you should keep in mind

After making a loan request and obtaining several loan offers, there are a few things you should do. Several times over, read the contract. It’s possible that something you wanted to agree to was concealed in the fine print. Contracts may also include details on the loan’s terms and conditions, as well as the terms of the lending company’s agreement.

Examine the loan offers from several lenders. The most significant advantage of using an internet marketplace to get a loan is that many lenders will submit loan proposals. There is no requirement to accept the first offer and no obligation to accept any of the others. Take your time to go through each one.

Investigate the lending firm. The firm that will be giving the loan is not the online marketplace. It’s also a good idea to look into the firms that are behind the loans you’re contemplating.

Benefits of Payday Loans

• There Are Only A Few Requirements For Payday Loans

Applying for a payday loan online is simple since you just need to meet a few basic standards. The most important requirement is a reliable source of funds. You’ll have a better chance of finding a receptive lender if your account has consistent cash flow. Payday loans online come with favorable terms.

An operating and current bank account, as well as confirmation as a permanent citizen of your state, are further requirements. To apply for a payday loan online in your area, you must be at least 18 years old. If you’re already a professional, you’ll most likely fulfill these qualifications.

One of the most major advantages of online payday loans is that they don’t take a long time to finish. A solid online payday lending organization will handle your application as promptly as possible. The firm you choose determines how long it takes to receive a payday loan online.

If you’re lucky enough to have picked the greatest online payday loan, you’ll be able to collect your money the same day you apply. If you choose a traditional loan, you may have to wait a few days or even weeks. You have a lot of alternatives because many internet lenders provide this sort of loan. Payday loans are perfect for emergencies because of their quick disbursement procedure.

• You Have a Choice in Terms of Repayment

The lender will explain your repayment options to you when you apply for a payday loan online. In truth, this form of loan is only meant to be used for a few weeks to a month of temporary funding. On the other hand, some lenders accept three-month repayment terms.

Online payday loans, unlike other sorts of loans, are short-term loans that will not have a long-term impact on your finances. In any case, the interest rate is greater since the payback time is shorter. You must first choose which payback period is appropriate for you before applying for a payday loan online. Simply inquire if there are any financing solutions that will not place a significant burden on your finances.

• Personal Property Insurance is not required

Payday loans online do not require personal property insurance, unlike typical mortgages or auto loans. Your consistent payment shows the lender that you are capable of repaying the loan. However, if you do not pay your monthly installments on time, lenders may be able to repossess your home.

As a loan requirement, most online payday loan providers have access to your accounts, which is a danger. Similarly, creditors can take a variety of actions, such as sending your debt to collections or filing a lawsuit against you for a huge amount.

• You may be able to increase the amount of your loan

Many lenders limit the amount of money new borrowers can borrow. Based on your income and the creditor’s capabilities, you are only entitled to a set amount. When you pay off your first payday loan in full, your lender will be able to raise the amount you can borrow in the future.

The minimum and maximum amounts that money lenders can lend as payday loans are determined by state legislation. During the application procedure, the online lender will inform you how much money they are willing to offer you. Please keep in mind that paying back the loan on time will help you establish a positive connection with the lender. It also implies that in an emergency, you’ll have access to a quicker gadget.

Working with a loan through a personal account is another benefit of a payday loan online. After your application is approved, your lender creates an online account for you. You can see your current amount as well as the date of your next refund in this section. You may also pay your loan using your account online.

A payday loan might be a lifesaver when you’re in a tight spot financially. You won’t have to deal with insurance, and you’ll be paid in a matter of hours. You may also apply for a loan without having to go to the lender’s office or speak with a loan officer if you apply online. Furthermore, for emergency payday loans, only the minimum requirements must be met.

FAQ’s About Online Payday Loans

Q1. What are Payday Loans?

A payday loan is a short-term, high-interest loan for a small amount—generally, $500 or less—that is meant to be repaid with the borrower’s next paycheck. Payday loans are typically given to persons with low or no credit and merely require a source of income and a bank account.

Alternative financing options are recommended instead of payday loans, especially if there’s a danger the borrower won’t be able to return the loan quickly. As a result, even those with low income and poor credit scores can often qualify for payday loans.

Q2. How do they work?

A payday lender may verify your income and bank account details in as little as 15 minutes in a shop or as soon as the same day if you do it online. The lender will need a signed check or authorization to electronically withdraw money from your bank account in exchange. The loan must be paid back within two weeks of your next payment, but it might take up to a month.

If you get a loan at a store, the lender will schedule a time for you to come back when it’s due. If you fail to appear, the lender will write a check or make a withdrawal in the amount of the loan plus interest. Electronic withdrawal is used by online lenders.

Q3. What is the difference between a direct payday loan and a revolving line of credit?

A direct payday lender, which makes its own lending choices, or a broker, who sells your loan to the highest bidder, are two options for getting an online payday loan. Choosing a lender who employs a broker is risky since you have no idea who your financial information is going to. When you use a broker, you risk not just fraud and unwanted solicitation, but you also risk raising the loan’s overall cost. Choose a direct lender if you must take out an instant payday loan.

Q4. Are there any restrictions on how a payday loan may be used?

You do not need to indicate the reason for receiving cash when submitting your application. Therefore you can utilize the funds for any purpose. Cash advance lenders, on the other hand, can only lend you a certain amount since you must repay it quickly.

Q5. Is it possible to file a complaint online regarding my payday loan?

It is sometimes essential to lodge a complaint with the lender. Loan issues might emerge, and reporting them to the lender provides them the opportunity to resolve the issue in the future. It could also be able to provide you with extra assistance if necessary.

In some cases, notifying the lender is necessary:

1. The loan terms were not clearly explained by the lender.
2. You feel the lender should not have given you the loan to begin with.
3. You’ve had difficulty repaying the loan because the lender has refused to contact you, has refused to accept your alternative offer, or has refused to freeze the interest rate.

The vast majority of lenders are eager to assist in the resolution of the issue. If this does not work, you should seek help from a financial expert. If you need to file a formal complaint against the firm, an adviser can take you to the appropriate location.

Q6. What is the Online Lenders Alliance, and why should you care about it?

The Online Lenders Association (OLA) is a trade group that represents payday lending providers and other members of the online financial services ecosystem. Being a member of this organization means that the company follows the organization’s code of conduct and best practices. Customers and potential customers will be properly informed and treated equitably as a result of following this procedure.

The Online Lenders Alliance is a non-profit organization that establishes and oversees standards for online lending enterprises. They’ve also had an impact on government legislation on a variety of topics, including hidden interest rates imposed by unscrupulous lenders and businesses.

Q7. How much time does it take to transfer the funds?

You gain approval for a payday loan when you submit your application. If you apply on a business day, the application can be approved in as little as 30 minutes. The monies will be transferred overnight after your application is accepted. The payday loan refinancing due date will be set to suit your needs and protect you from failed checks and missed deadlines.

Q8. Is it possible to get a new payday loan as soon as the prior one is paid off?

As previously stated, the number of loans authorized per borrower is determined by state legislation. Thus, you should check to see if multiple loans are permitted in your region. Payday loans, on the other hand, can only give temporary relief and are not a viable option for overcoming major financial issues.

Q9. Payday Loans: What are their drawbacks?

Payday loans are convenient, but they come with certain drawbacks. Payday loans have a high-interest rate, which is their biggest downside. Payday loans are mostly used by persons who want immediate funds yet have a poor credit rating.

As a result of the increased risk, lenders charge a higher interest rate. Payday lenders might charge you interest rates as high as 2290 percent if you are on a bad credit score. Another downside is that the loan must be repaid in a short period of time. The duration of repayment is generally only a few weeks.

Q10. What are the consequences of a Payday Loan in the long run?

Making on-time payments will not hinder your credit score but will actually assist in improving it. Failure to repay on time, on the other hand, might result in legal issues as well as a worse credit rating. Furthermore, failing to repay your loan on time may result in extra fines, requiring you to repay more money than you anticipated.

If you take out more loans to repay a current loan and cover the additional debt you can’t pay owing to the initial loan, you may find yourself locked in a lending loop. This is why you should only take out a loan if you are confident that you will be able to repay it on time.

Conclusion: Best Online Payday Loans

Loans are a great way to treat yourself to items you wouldn’t be able to afford otherwise. However, with so many brands to choose from, it’s natural to be perplexed and unsure of which to trust. We only show you the best businesses that have been tested and true, that will link you with reliable lenders and will not charge you for their services.

Online Payday loans are simple to obtain, may be used for any purpose, and are simple to qualify for. All you have to do now is pay your bills on time, and your credit score will increase over time. If you have an emergency and a poor credit score, we strongly suggest you become a co-signer so that you may get a lower interest rate and borrow more money.