These loans are short term loans and appropriate for emergencies only. They are mostly suitable when you urgently need money to pay in a later date. In many cases loans are intended for emergencies and not for long term problems. The application process is very simple since all that is required is to fill out a form and wait for a while for verification. The process of acquiring loan is very efficient and very fast. It is even faster when applying online. Online application has made the loan product available to a larger population. Due to how fast the process is, the loan is also referred to as immediate loan, cash loan or an urgent loan.
The caveat here will be the size of the loan you need, since the typical subprime credit card caps its initial credit limits around $300 to $500, depending on your credit risk. On the plus side, since credit cards are associated with a revolving credit line, you can reuse the loan once you’ve repaid what you borrow. Plus, many issuers, like some of our top picks, will provide regular credit score updates to help you stay on top of your score.
Qualifications can include verifying that you meet a minimum monthly income level and demonstrating work history of a certain duration. Requirements will vary by lender and loan amount, so shopping around may get you better results if your first attempt doesn’t succeed. Most programs will also require that you have at least a basic checking account.
Most lenders allow you to sign up for automatic repayments from your bank account. However, others might accept manual repayments online, in-person repayments at a physical location or wire transfers. You might want to check out our guide to getting a loan without a bank account if you don’t have a checking or savings account — they can be hard to find.

Fees and costs. Florida statutes limit the fee that can be charged on a payday loan to 10% of the loan amount. Costs, in the form of a verification fee, are limited to five dollars for each loan. This is not an annual interest rate but the rate that is being charged for the specific loan term. For example, a seven-day payday loan of $100 with a 10% fee, would cost you ten dollars plus the verification fee for the seven-day period. Applying an annual rate, the 10% fee is equivalent to an interest rate in excess of 500%.
With term lengths that range from three months to six years, long-term personal loans are structured as installment loans, requiring repayment over time via monthly payments (or installments). Long-term installment loans are designed to finance larger projects or obligations that you will need to pay off over time, and tend to offer better interest rates than credit cards or other short-term or revolving financing.
This website is not an offer to lend. NoProblemCash.com is not a lender or lending partner and does not make loan or credit decisions. NoProblemCash.com connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. NoProblemCash.com does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. NoProblemCash.com receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless, NoProblemCash.com’s service is always free to you. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
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