Can I Get Payday Loans with Past Bankruptcy?

March 23, 2019

Payday loans can be a great service to those in need of one, but are there certain people who would be unable to obtain a payday loan? What if someone wants to apply, but they have past bankrupt? Would they still be able to qualify?

In this article, MaxCash will discuss how someone with past bankruptcy may still be eligible to receive a payday loan. Let’s get started!

The World of Loans and How Payday Loans Fit In

Amongst the different kinds of loans that exist, payday loans are notably different. Payday loans sit apart from other investments because of their unique attributes.

One of the big reason’s payday loans stick out is because of the rarity of loans outside of a certain category: installment loans. Installment loans aren’t a specific type of loan, but instead a category that contains a ton of other types of loans. They’re all defined by one thing: the way borrowers repay them.

All installment loans feature the same process: a large initial loan from the lender, which the borrower takes, with the agreement to pay off the cost of the loan in regular, smaller amounts. Payday loans don’t follow this method, instead having a completely unique repayment process.

Instead of having a slow, gradual repayment plan that could take years, like installment loans do, payday loans have an incredibly short one. The length of a payday loan can be as short as two weeks, or as long as a few months.

Defining a Payday Loan

This is where the aspects that define a payday loan come into play. See, they’re not defined by their length, their amount, or their rates. No, payday loans are defined instead by the way in which they’re used. They exist because there’s not always money on hand to cover every situation.

When you’re talking about a payday loan, it’s better to not really look at it as a loan at all. Instead, for many, they are seen as deferment of a currently-uncoverable cost. Because that’s what they’re used for.

When someone gets a payday loan, often it’s to cover the cost of an accident or emergency that they can’t afford at that moment. Paydays loans are a good way to push back a large, difficult payment until your next paycheck can cover it.

Once you see it that way, the true picture of a payday loan starts to come together. Their short terms? Just long enough to make it to your next paycheck. Their lower amounts? Just enough to cover the type of issues that can arise suddenly and need just-as-rapid repair. Now that you understand them, though, it’s time to show you how you could apply for one.

How to Obtain a Payday Loan: Information Supply

In order start the inquiry process, just like you would with any other type of loan. The first step you’ll need to take is to contact with a MaxCash representative. Inquirers have the option to speak to an agent by calling (833) 207-9052 or sending an email to

When you establish contact, MaxCash will ask you for some information. That requested info includes:

  • Your Address – Unfortunately, not every lender can provide loans to all parts of the country. Providing your zip code, state, and city of residence ensures that MaxCash only works with the lenders that could help you.
  • Contact Information – Another necessity of the process will be the step in which you and your lender get in contact with each other. MaxCash will need your email address, phone number and name.
  • Financial Documents – MaxCash will need your social security number and some proof of current income for this section. Your monthly income will affect how much your monthly payments will be, as well the overall loan value.

How to Obtain a Payday Loan: Seeking the Right Lender

Once they have your information in their hands, MaxCash will go on their way towards finding you the perfect lender. Their first order of business will be to track down a lender that serves your area, which they’ll do using your location information. These potential lenders will all be presented with your information, which they’ll use to decide whether they want to work with you. If they decide they’re interested, they’ll send MaxCash some initial offers

Using those initial offers, MaxCash will haggle with lenders and try to negotiate for even better terms and conditions. After acquiring offers, MaxCash will compare and contrast them to find one that is best for your current financial situation. The loan offer will be presented to you, and if you agree to the terms, you could go ahead and proceed with the process.

How to Obtain a Payday Loan: Coming to Conclusions

In the final thrust of the payday loan process, all you’ll need to do is establish the final details of the loan with your lender. In order to do that though, you’ll first need to contact them. This is finally where your contact information comes in, letting MaxCash share that information with your lender so you can make that all-important connection.

Once you’ve made this connection, you’ll be able to do the final negotiations with your lender, including the all-important funds transfer method. The methods you can choose from include in-person transfers, online e-commerce, and business via mail.

Once you’ve decided and finalized your decision, you’ll have finished the payday loan process! You can now put your funds to use. Interested in learning more about payday loans? Then why not check out MaxCash’s website for even more informational knowledge? Click here to learn more!

The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.

1Loan amounts by the lenders vary based on qualifications.

2Since we do not lend money directly we cannot offer you a solicitation for a loan. In all serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans are not available in all states and all areas.

3Loans such as, Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan. Other types of loans may have pre-payment penalties as well.

4All lenders are responsible for their own interest rates and payment terms. Max Cash has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

5The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time, in the circumstance for an auto title loan. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically, larger loans or higher risk loans use a GPS.

In some circumstances faxing may be required. Use of your cell phone to receive updates is optional. Please review our privacy policy.

Loans such as Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

Signature and personal loans are only available in Georgia and Florida. Loan amounts differ at locations. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

© 2020 Tradition Media Group, LLC MaxCash. All Rights Reserved.