Payday Loans
Payday loans are a simple and fast solution designed for the unexpected. Cash Loans Bear lets you complete an online form or apply in-store for quick cash that helps bridge the gap between paychecks.
Main Features
What Is a Payday Loan?
A payday loan, also known as a cash advance loan, is a small instant loan designed for short-term emergencies. As it needs to be repaid by a borrower’s next paycheck, loan amounts are usually limited to $1,000 to make it easier to handle debt. A payday loan can provide you with access to fast cash for unexpected life expenses within 1 business day.
At Cash Loans Bear, we do not perform a hard credit check and assess factors beyond just your credit score. Availability depends on your state and income, making our loan available to borrowers with bad or no credit.
Best Ways to Use a Cash Advance Loan
Payday loans are meant to be a short-term financial solution only. Because the cost may be high, we recommend using them only for emergencies and urgent situations. Here are some scenarios where a payday loan can be a good option:
Payday Loans by State
Payday loans are subject to state rules and regulations. At Cash Loans Bear, we offer legitimate loan solutions that strictly follow local laws. Check out what we offer in the states listed below.
| State | Max. Loan Amount | Lender’s Fee | APR* |
|---|---|---|---|
| California | $255 | Up to $45 | 460.08% |
| Florida | $500 | 10% + a $5 verification fee | 260.71% |
| Illinois | $1,000 | $30.58 | 36% |
| Maine | $1,000 | 30% | 782.14% |
| Maryland | $1,000 | 2.75% per month | 32.38% |
| Ohio | $1,000 | Interest rate of 28% + a monthly maintenance fee of 10% (max $30). All fees and charges cannot exceed 60% | 198.17% |
| Oregon | $1,000 | Interest rate of 36% + a 10% origination fee | 153.77% |
| Texas | $1,000 | CSO fee of up to $30 per $100 | 664.22% |
| Wisconsin | $1,000 | $14.80 per $100 | 385.66% |
*Loan amounts and APRs are subject to approval and will depend on your income, credit, and our standard underwriting criteria.
Looking for a physical store near you? Choose one of our 40+ locations available across the US.
Cash Loans Bear Makes the Application Simple
Follow this step-by-step guide to complete our easy payday loan process online:
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Fill out a loan request form
Provide your personal and financial data in just 5 minutes and attach the required documents without even leaving your home.
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Wait for a response
Your application will undergo a soft credit check to estimate your eligibility. You will get a loan decision almost instantly.
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Get your loan
If approved, read and e-sign the agreement. The money will be transferred to you on the same or the next business day, depending on the approval time.
Prepare These Items in Advance
To complete the application process, you need to provide a set of basic documents and information:
Benefits of Getting a Payday Loan Online
Borrowing money online until your next paycheck may help you in situations where you face unexpected expenses without having any cash reserve to cover them. Here are the key advantages:
Quick Application 24/7
Unlike traditional in-store applications, the online process allows you to request a loan at any time from the comfort of your home. You do not need to change your plans to stick to a store’s operating hours.
Fast Approval and Funding
Loan decisions are made in minutes due to a technology-driven underwriting process. Once approved, you can receive the funds within 24 business hours.
Easy to Qualify
The eligibility criteria are simple. There are no minimum credit score requirements, and you do not need to gather piles of documents to get the assistance you need promptly.
Complete our easy form and get your funds today!
Why Apply with Cash Loans Bear
Cash Loans Bear is a trusted loan company that goes beyond just lending money. We care about every client and pride ourselves on helping people in situations where no one else will.
We offer:
Personalized Approach
We understand that every situation requires a different solution. Therefore, we help people find the option that works best for their unique circumstances.
No Hidden Fees
All the loan terms are clearly outlined before you sign. We stand for transparency and provide the information you need to make an informed decision upfront.
Bank-Level Security
We prioritize your data security and ensure your sensitive information is used only as permitted by federal law and our Privacy Policy.
Helpful Customer Service
Our customer care team consists of real people with lending expertise who know everything about the products offered and can help you each step of the way.
No Hard Credit Check
Getting a payday loan will not affect your credit score as long as you pay on time. We strive to offer practical solutions to emergencies without adding extra stress to your financial life.
Real Reviews from Our Real Customers
We value your feedback! See what other people say about us.
FAQ
What do I need to apply?
You need to be at least 18 years old, live in one of the states where Cash Loans Bear operates, and provide information and documents needed to verify your identity, income, and address. Prepare your ID, SSN, and bank statements before applying.
Can I get a cash advance loan if I have bad credit?
Cash Loans Bear accepts people with bad or no credit, provided that they can demonstrate a stable income that is high enough to cover loan payments plus other fixed monthly expenses. We assess your overall financial situation to ensure this new debt won’t become a budget-wrecker.
When will my payday loan be due?
Cash advance loans allow you to borrow money until payday. The repayment date will be set within 7 to 31 days from the moment you accept an offer. Please note that the repayment terms may vary by state.
How do I repay the loan funds?
The repayment is automatic. When signing the loan contract, you authorize the lender to withdraw the due amount on the agreed-upon date via ACH transfer. Alternatively, in-store applicants may provide a post-dated check that the lender will cash on the due date.
What should I look for in an online payday loan company?
When choosing a loan provider, make sure the company is licensed to operate in your state, and the terms it offers meet your local rules and regulations regarding payday loans. Read customer reviews to see whether other people are satisfied with the service. Avoid companies that promise guaranteed approval, perform no credit check at all, or ask you to pay upfront.
Does Cash Loans Bear check my credit?
Our underwriting process involves a soft credit check. This inquiry allows us to access your financial profile, banking activity, and payment history without affecting your FICO score.
What are the best payday loan alternatives?
If you are looking for a cheaper option that is available with bad credit, consider payday alternative loans from credit unions or cash advance apps. For longer-term needs, installment loans and personal loans may be the right option. A few more options include credit card cash advances, pawn shop loans, and title loans. Compare the terms carefully before applying. Some products may require collateral or turn out to be expensive in the long run.
Does Cash Loans Bear guarantee approval?
No legitimate lender can promise guaranteed approval before application assessment. At Cash Loans Bear, we have a high approval rate due to the alternative underwriting system that does not rely solely on your credit score. However, we still review your income and payment history to ensure you can repay on time.
What is the quickest way to borrow $500?
Online payday loans are among the fastest ways to borrow money. At Cash Loans Bear, you can get $500 payday loans online on the same day, provided that you finalize your loan before 10 AM on a banking day. Alternatively, you may consider a pawn shop loan or a credit card cash advance.
Still have questions? Visit our FAQ section for more details about our loan products, costs, and the entire process.
Manage Your Debt Effectively with Cash Loans Bear Calculator
If you find borrowing money difficult, Cash Loans Bear Calculator is here to help you navigate the process with ease. Use it to compare multiple loan options, evaluate your monthly payments, see a visual payoff schedule, invest, and take control of multiple debts through proven strategies. The app also provides educational and practical financial tools to help you better understand how borrowing works and affects your finances before you even sign.
Need money now? Request it online in a few clicks!
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