If you have bad credit and you need a loan, all is not lost. There is a way that you can get the money that you need and you don’t have to wait for a long time to get it.Whats more, payday loans for bad credit don’t require a credit check and you can usually get your money within 48 hours, usually within 24 hours or even within the hour. Then you can have the money you need for whatever you need (put it to good use so it was a worthwhile exercise).Payday loans are great for little emergencies such as an unexpected car repair, a prescription for medication or a special school event for your child. These types of loans are ideal for when you need a small loan quickly. They are not intended to be long term loans. The fees that are associated with a payday loan can be rather steep.This isn’t bad when you are doing a one time loan short term, but if you try to go long term with the loan, you could wind up paying a considerable amount of money. Getting a payday loan is a fairly simple process. All you have to do is complete a brief application that asks for your name, address, birth date, employment information, bank information and a few other things. You can complete and submit the application directly online.At that point, your information is sent to a variety of lenders in an effort to make a match. This can take a few minutes, a few hours of even a day.Once a lender has approved your loan application, you will need to go to that lender’s website and complete any requirements that they may have. You may have to submit your bank information or your employment information. You may have to give them proof of your address.This is usually done via fax, or you can often scan the documents and submit the electronically. Once the lender has approved your payday loan and you have fulfilled all of their requirements, you will be ready to have your funds disbursed to you.The funds from your payday loan will be directly deposited into your bank account. This can occur just a few hours after your approval or within a day or two. The fees, or interest, on the loan generally vary by the amount of the loan and the repayment terms.Repayment on your payday loan is typically done by automatic debit. The lender sets up your account so that it is debited the amount of the loan, plus the fees. If you need to reloan, you can usually do so after the debit payment has cleared your account. When you accept the loan, read over the paperwork. It will describe how the money is to be repaid, give the loan amount and outline the fees. Getting a payday loan for bad credit couldn’t be easier!So before you do without the medication you need or the car repairs that will get you to and from work, look into getting a payday loan. Bad credit or not, it can be a good short term solution to a small financial problem. The best way to find out is to get a free online guaranteed loan quotation so you can see what you will be paying before you take out the loan, that way you can decide if it is for you or not.Payday Loans for Bad Credit can be affordable and a breath of fresh air you just need to navigate to the reliable loan companies so that you pay a fair amount of interest.