Frequently Asked Questions

In the tabs below, you will find the answers to some of our most frequently asked questions.

If you have any further questions, don’t be afraid to head over to our Contact Us page, and we will do our best to assist you!

How To Apply For Payday Loans with Bad Credit

Step 1: Apply Online Today

Click here to apply now >

Step 2: Wait to Hear Back

The same day or within 24 hours.

Step 3: Receive your Cash

Receive funds into your account in 1 hour!

What is a Payday Loan?

A payday loan is used to cover short-term and emergency expenses – the idea is that you receive the money upfront, in one lump sum. You then pay off the loan in full in a couple of weeks, on your next ‘payday.’ With Dime Alley, you can borrow $100 to $35,000 depending on your credit score, income and affordability.

Does Dime Alley Charge Fees?

No, we do not charge fees for making a loan request with Dime Alley. We work on a commission basis with our lending partners and may receive a commission if your submission is successful. But you can be rest assured that if you submit an enquiry, you will not be charged anything by Dime Alley!

Am I Eligible for a Payday Loan?

The eligibility criteria with Dime Alley is simply:

Be a US citizen
Over 18 years of age
Have a live checking account to receive funds
A steady income of at least $800 per month
Bad credit considered
Able to make repayments

Will Applying for a Payday Loan Impact my Credit Score?

No, making a loan submission will not impact your credit score in a negative way. Credit checks will be carried out as part of the approval process, but will not be negatively impacted. Your credit score will only worsen if you are accepted for a loan and struggle to make repayments on time, putting your account into arrears.

Equally, if you make repayments on time, this could make your credit score improve, however, payday loans should not be seen as a way to boost your credit score.

Which States are Eligible?

Dime Alley currently operate in all the states that is legal to apply for a payday loan in the US. These include Alabama, California, Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Ohio, Tennessee, Texas

How Long is the Process?

All payday loan requests are made 100% online through Dime Alley and you can get started here. It will only take you 5 minutes or even less to fill in your details, and you will get an instant decision on the screen. If your application is successful, your funds could be transferred within 24 hours!

How Does Repayment Work?

Repayments are collected automatically from your bank account, on a scheduled date that you have agreed with the lender. You will be sent reminders on the days leading up to repayment so that there are no surprises. Repayments are made each month over a period of 1 to 60 months, depending on the size of your loan.

What If I Have to Repay Late?

If you miss your scheduled repayment or are late, you may be charged a late fee and this could negatively impact your credit score.

If you think that you will have trouble repaying this month or next, it is important to speak to your lender as soon as possible – as they can usually help you and reduce any late fees or damage to your credit rating.