As of today, there are some bad credit loans that accept chime and you need to know about them for cash advances. Getting a loan with bad credit can be tough. Lenders prefer to lend to customers with good records and a proven track of paying their bills on time.
A good credit score starts at 670. Anything above 740 is considered good, and above 800 is excellent. While anything below 670 is considered low. Not all loans consider customers with low or bad credit to benefit from their services.
Bad Credit Loans That Accept Chime (2023 Updated)
Chime is a digital bank that works with several loan apps. However, not all bad credit loans that accept Chime. Below are the three best bad credit loans that accept Chime.
1. Green Dollar Loans
Green Dollar loans are the best loan app that gives cash advances to customers with bad credit that works with Chime. The online application to get a payday loan on the app with Chime is fast and straightforward.
With Green Dollar Loans, you can access $100 and $5000 with a Chime account. The interest rate is between 5.99% and 35.99%, with a repayment period of 3 to 24 months.
Also, the Green Dollar Loans offer an option to borrowers who don’t earn their income through traditional methods. To be eligible for this loan, you must be up to 18 years and a legal citizen of the United States. Also, you must show proof of income that shows that you make at least $1k p/m.
2. Viva Payday Loans
Viva Payday Loans is another best bad credit loans that accept Chime. They offer low APR online cash advance loans that accept Chime. If you have bad credit and need quick cash with minimal fees, Viva Payday Loans is the best.
The interest rate is as low as 5.99%, compared to the interest rate of other payday loans, which is around 35.99%. Viva Payday Loans that accept Chime allow you to borrow between $100 and $5000. The repayment duration of the loan is between 3 to 24 hours, depending on your financial standing and loan amount.
If you have bad credit, you must prove affordability before you can be given a loan on Viva Payday loans with Chime. Lenders in this platform carry out affordability assessments before approving and disbursement the loan. Only those that pass the affordability test, even with bad credit, are accepted.
The online application to access loans with Chime via Viva Payday Loans is fast and easy. You will be notified whether your request will be approved or not. If a lender can’t help you, you can try other alternatives.
3. Low Credit Finance
With Low Credit Finance, you can borrow loans with a Chime account without a payslip. Although, you will need to provide proof of income, such as bank statements or tax returns. Even those with bad credit can apply.
You can borrow between $100 and $5000 on this app for a repayment period of 3 to 24 months. There is no static interest rate. The interest rate you will be charged depends on your financial standing, the amount you borrow, and the term you requested for.
However, many payday loan apps that accept Chime charge interest rates between 5.99% to 35.99%.
How To Apply For Payday Loans That Accept Chime
Below are the steps to access payday loans that accept Chime which include;
1: Select the Required Amount
Payday loans that accept Chime give from $100 to $5000 loan amount. You can scroll through the menu and select the required amount.
Step 2: Provide Your Details
Payday loans are applied using an online application form. You will be required to provide your details, such as your full name, ID, address, Banking details (Chime account), and employment information. Also, some might require you to outline the expenses you pay for each month.
Step 3: Wait for Feedback
After applying, wait for some seconds for feedback. In some payday loans, you will be required to change the payment and billing method to Chime. While in others, the application form captures your details.
Step 4: Receive Your Payday Loans
Once you have set the loan in place, the lender will go through it and send you an agreement to read. Sign the deal if you are okay with it. If not, don’t sign it.
After signing, send it back to the lender, and you will get reimbursed.
What Are Payday Loans that Accept Chime?
Payday loans that accept Chime are those you can access using your Chime account, which is a virtual bank. With a Chime account, you can get payday loans ranging from $100 to $5000. The repayment duration is between 3 to 24 months.
Do Online Payday Loans Accept Chime Bank with Bad Credit?
Yes, there are online payday loans that accept Chime bank with bad credit. As far as you are in a stable financial situation, you can access payday loans with bad credit. For example, Green Dollar Loans is the best payday loan to access with Chime with bad credit. Loan Credit Finance accepts Chime with bad credit after you pass the affordability assessment test.
The above-mentioned apps give you access to paydays loan with Chime on bad credit. However, it is advised you check for other lesser alternatives before settling for these apps because their interest rates can be high, and this can affect your ability to pay back early, keeping you in a debt hole.