Payday loans are fairly easy to obtain and do not require a credit check. Many payday loan companies merely require a valid state ID or drivers license, proof of income, an open active checking account and your social security card. While these loans usually have high interest rates, they are one of the easiest ways to get money quick. Most of these loans are based off of your current income so your loan won't exceed your income, where as loans from your bank would be based upon how much debt you currently have. Payday loan companies generally give you fourteen days to pay back the loan, and your due date is based upon your payday. They are renewable, so you can have it for as long as you need it. Some states have put a …show more content…
These are generally based upon your credit, and require a state ID, drivers license, social security card, open and valid checking account, and proof of income. Although some unsecured loans can only be obtained with a good credit score, there are places out there to help people with bad, little or no credit at all. The best way to find which one is best for you; contact your local unsecured loan office, located in your local yellow pages. Signature loans do not require any collateral for the loan, only your word (your signature) that you promise to pay. Much like payday loans, these are usually have high interest rates so be sure to ask before you loan how much the total will be. Unlike payday loans that are due every payday, signature loans are generally split up into equal payments over a longer period of time sometimes making it easier to