When you are in need of quick cash, mr. Payday has got you covered! We have been helping canadians with their short term loan needs since 2002.


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Apply Online

Applying for a loan with Mr. Payday is easy and fast. Fill out our simple and secure application form.

Get Approved

It usually takes about 30 minutes to get approved for a payday loan during our business hours.

Instant Funding

Once your loan application is approved, you will receive an e-mail money transfer withing 30 minutes.

What Our Customers Have To Say

Payday Loans for Bad Credit

Picture of Payday Loans for Bad Credit in Article

Acquiring payday loans regardless of having bad credit

Problems with the finances are never easy to handle. They always arise at the most inopportune moments when a person is very low on cash, probably because they are in between salaries. It has even been said that problems never come when one has the money at hand, but once the money runs out is when things start popping up one by one. During such times, one is only too happy to use the credit cards. As long as the credit card is being used, one’s bill is accumulating and growing ever higher. Naturally when the credit card holder is unable to foot the credit bill, the person’s credit rating lowers. However, such a person can go ahead and fill the forms, because there are payday loans for bad credit.

These payday loans are meant to help any person who is in need of money urgently due to a certain emergency. It does not discriminate against anyone even those with bad credit can be approved for the payday loans. The reason why there are payday loans for bad credit is that, unlike the banks, payday loan lending companies do not insist on credit check. They have no need to because the payday loans are taken against the borrower’s upcoming salary. The person’s salary is the one thing that can be considered closest to collateral.

However, there are other conditions to getting the payday loans, but they are all very easy to fulfill. Which means anyone who is interested in getting payday loans for bad credit can satisfy them to qualify for a payday loan. The conditions stipulate that the person must be a Canadian citizen who is at least 19 years of age. The person must also have a job and must have been in employment for at least two months. In addition to this, the borrower must have a checking account and a phone number through which he or she can be contacted.

As long as a borrower satisfies the requirements stated above, the person must stop worrying about anything else. The Payday loan lenders do not require the borrower to fax them past bank statements, because the payday loans do not require credit checks. Additionally the person does not have to be concerned with having collateral. The best feature of the payday loans for bad credit is that they have minimal paperwork. After all, the borrower can apply for the payday loan online without moving from their homes or offices. This means that their plans can continue without any hitches. Once the loan application is approved the borrower will receive a call from the payday loan lenders, informing him of this. Shortly afterwards the money will be wired into the borrower’s checking account.

The payday lenders are very transparent in their dealings with the borrower, so much so that they will inform the borrower the interest rate that is charged on the payday loans for bad credit and the amount that will be withdrawn from the borrower’s salary once it has been paid. If the borrower is unable to pay at the stipulated time, the person only has to get in touch with the payday lenders, who will go back to the drawing table with the borrower and draft a new agreement.

Payday loans for bad credit are designed to afford the borrower relief in emergency times when money is scarce. They are therefore designed to afford the borrower maximum convenience during the entire ordeal. Owing to this fact, getting payday loans has been made very easy and straight forward for all who are interested in getting one.