Knowing that your credit is horrible can be very deflating. However, it does not need to keep you from getting the financing you desire. Many direct lenders work with bad credit exclusively and they can help you with a high-risk personal loan online, if you need one. They will take a risk and lend you money, but they may require you prove your income and have at least one item on your credit report you have paid on time for the past 6 months. This is not the case with all direct lenders and here are some that don't require much to help you get the money you are after.

Online Cash Advance Lenders

The easiest type of payday loan to get still remains as the cash advance. This loan does not require any credit check and as long as you are 18 years of age with an income of $1,000 or more, you will be approved.

Unsecured Personal Loans for High Risk Applicants

If you need more than $1,500, then a cash advance won't really help you. You need something a little more substantial and some direct lenders can help you with an unsecured high-risk personal loan. These only lenders will usually require that you have a positive item on your credit report and the income to support the amount you are asking for, but that is about all. They will ask for documentation to prove your income, they will verify your employment, and they may require a co-signer in some cases. However, these loans are not all that difficult to get, if your credit is not absolutely the worst in the world. You can apply online and as long as you are honest on your application, you will get an answer within a day.

Non-Conventional Lenders

If you can find what many call a non-conventional lender, then you might not need to worry about much. These direct lenders offer no denial payday loans and will assess more than just your income and your credit. They look at your need for the loan and your character, as well. They also look at the investment on their part and weigh the overall risk with the return. The interest rate will most likely be very high, but they can help you get the money you need right now without any delay. If you can find this type of lender, you will have less trouble getting approved even with bad credit. They love high-risk loans because they pay back at such a high interest rate. It is all about how much they can make and your loan might be exactly what they are looking for.

Individual Lending Networks

Another way to go is to use an individual lending network. There are not many of these, but you only need one. They will provide individuals looking to invest in other individuals and you can get your loan with no teletrack funded by those that are not affiliated with large banks or lending networks. With the right listing and the right bidders, your loan can get funded within a week or so.

The Long Term Payday Loan

Even though payday loans are meant to be short term, some lenders have decided to give borrowers more than 30 days to pay the loan back. They have found that with a little extra time most borrowers are able to pay the loan back in full and will become repeat borrowers in the future. If all you need is $100 to $1,500 and you need it fast, then this might be the perfect option for you. Many high-risk personal loans won't help you as fast as a no denial payday loans direct lenders only no teletrack can. With up to 100 days to pay the loan back, it will be split over 6 to 8 payments instead of one or two. This gives you a lower payment and something you can actually manage. Not to mention these lenders will most likely give you a larger loan compared to the typical payday loan of 30 days or less.