One Hour Bad Credit Payday Loan Compared to Bad Credit Unsecured Personal Loans

Posted on | August 20, 2010 | No Comments

A one hour bad credit payday loan is a method to borrow money that has gotten very popular over the last several months as many Americans are looking to borrow money with no credit check. Many of those looking to borrow money would like to compare payday loans to bad credit unsecured personal loans. There are a few differences that could determine which loan type is correct for a specific financial situation.


A one-hour bad credit payday loan does not require a credit check but will only allow borrowers up to $1500 cash. It is also the case that this loan must be paid back with the next paycheck. With a bad credit unsecured personal loan there will be a credit check but the loan amount can be paid back in monthly installments rather than with the following paycheck. It is also the case that there are interest rates assessed for bad credit unsecured personal loan.

With a  one hour bad credit payday loan it tends to be the case that there are fees that are charged up from. These fees are usually between $15 and $35 for every $100 borrowed. While these fees may not seem like a significant amount of money they can add up very quickly when there is a significant amount of money borrowed.

Author: Heather Best

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