Get a $150 Loan Online

Get a $150 loan from a direct lender by using WireLend. We match people just like you with direct loan companies that can direct deposit money straight to your bank account. Getting a small 150 dollar loan can be tough if you do not know where to look. Our network of direct lenders can make your search easy. You could borrow $150 immediately after submitting the application.

Can I Borrow $150 Online?

Yes you can get a loan for $150. Many people all over America you small loans frequently to even out their income and expenses. Small loans are an essential tool for those who need them. If a little loan would help your finances then apply with us today.

How Do I Get a $150 Loan Fast?

Just complete the 3 minute application and you could have a $150 loan in minutes. We will attempt to match you with one of our direct lenders. If we are successful you quickly receive a loan offer for $150 or a different amount you choose. You can analyze any loan offers and decide if you want to accept or decline the short term credit. If you accept, the money is usually sent direct to your bank account on the morning of the next business day.

What is a $150 Payday Loan?

Some lenders offer $150 payday loans while other might offer a $150 installment loan. The difference is that a payday loan is due on your next payday. An installment loan usually allows for several months to complete the payments.

Where to Get $150 Personal Loans

Many people prefer the $150 personal loan option, also known as an installment loan. This give you more flexibility in your budget and you can break the payments up over the coming months. Our direct lenders usually offer installment loans. 

How do I Qualify for a $150 Loan?

In order to qualify for a $150 loan you will need a steady form of income. This usually means full time employment, but it could also me Social Security or a retirement income. You will also need an open and active checking account. Have your photo ID with you when you start the application to speed things up.

Short Term Credit Is Expensive

Remember that short term credit is expensive. Many people still choose short term loans because they are a convenient way to get money quickly. Just like some people buy soda at the local convenience store instead of the supermarket, knowing it is more expensive. Use short term financing responsibly and only after you have analyzed all options.

Why Would Someone Borrow 150 Dollars?

Imagine that you have 4 more days until you receive you next income check. You just paid your power bill, your phone bill, and rent. So your bank account has already taken a beating. All of a sudden you hit a pothole on the way to work and your tire blows out.

You can't repair it so you have to purchase a brand new tire, it costs about $150 bucks. You have the $150 in your account but this will put your bank account balance at around $10 for the next few days.

You've already committed to meet some friends at the deli tomorrow so you are going to need a little spending money. A quick application with WireLend and you get a loan offer. The money is sent direct deposit to your account and now you have a little cushion until your paycheck shows up.

Avoid Overdraft Bank Fees with a Quick $150 Loan

Many people use small loans to cover keep enough money in their bank account to avoid expensive overdraft fees. At about $35 each, overdraft fees can add up in a hurry if you are not paying attention. If you manage short term cash intelligently it can be a useful tool just like many other financial instruments. Consider overdraft loans to help avoid the bank fees.

How to Apply for a $150 Personal Loan with Bad Credit

There are many places to get a $150 personal loan even if you have no credit. Approximately 70.2% of American households have a credit card at this point. Nearly half of American credit cardholders carry a monthly balance. Despite this fact, many of us feel that we are alone in our financial struggles when suffering from less-than-great credit.

This couldn't be further from the truth. The total amount of US credit card debt hit $764 billion in Q1 of 2017. A lot of people have less-than-optimal credit. That shouldn't mean you can't qualify for a personal loan.

To help you get the financial support you need, here's what you need to know about getting a loan with no credit.

What Qualifies As Bad Credit?

The FICO score is the standard against which credit scores are judged against. The average FICO score in the United States is 699, as of April 2016.

FICO scores tend to range between 300 and 850. A FICO score of 550 or below is generally construed as 'bad credit.'

According to FICO, approximately 11.9% of American have a score below 550. This is down from 16% in 2009, which is a good sign. There's still plenty of people who may be looking for ways to get a loan even if their credit is still on the mend.

I have bad credit but need an installment loan.

Signs You Might Have Bad Credit

We don't always check our credit score as often as we should. The National Foundation for Credit Counseling reports that 60% of Americans haven't checked their credit score in a year or more.

You might have bad credit and not even know it.

Warning Signs Of Bad Credit Include:

  • Your credit card interest rates are higher than average
  • You only make the minimum payment on your credit card
  • You have a history of late payments
  • Your checking account is overdrawn regularly
  • You can't get a cell phone plan

If it turns out you have bad credit, don't lose hope! There are loan options for people with bad credit or even no credit at all!

How To Get A $150 Loan With Bad Or No Credit

There are several ways someone can get a personal loan with no credit. This could be for moments when you just need cash in a hurry. No credit loans could be a way to build or improve your credit score, as well.

$150 Payday Loans

24 hour payday loans online are personal loans for a small amount of money. No form of credit is usually required. You'll just need proof of income and some form of personal identification. Things to know about $1000 payday loans.

Payday loans regularly range between $100 and $1000. They're meant to help you get through until your next paycheck.

Payday loans can be a lifesaver when times are tight. The high-interest rate makes them best as a last resort, however. Interest rates for payday loans can run up to 500% APR.

It's also possible to grow accustomed to the extra income and fall into a debt spiral. Payday loans should really only be used in case of emergencies. Avoid relying on them regularly, as well, or else you could end up in more debt than you started with.

$150 Credit Union Loan

Credit unions are similar to banks but they operate in a non-profit capacity. Credit unions are set up to pass on their profits to their members as lower fees instead of shareholders. They are often more lenient on offering $150 loans to people with less-than-prime credit scores.

A credit union may be more likely to hear your case and offer you a loan based on your character or future earning potential. Credit unions work similarly to how a small local bank might have in the past.

Credit unions tend to be on the lookout for new borrowers, as well. People tend to think of the larger banks and lenders first when looking for a loan. If you decide what terms you're looking for in a loan ahead of time, odds are good that you could find a credit union to meet that need.

Find A Co-Signer And Build Credit

Co-signers are an established way to build up your credit score. A co-signer is someone who is willing to vouch for you who will assume the financial risk in case you default on your personal loans.

You'll need to find someone you can trust to be a co-signer for a personal loan. They'll need to trust you, as well, as they'll be the ones on the line should something go wrong with your personal loan.

Borrow $150 From Friends And Family

The people we know and love can be a source for obtaining $150 personal loans if you have no credit or bad credit. Proceed with caution, however, as money can cause a lot of stress in relationships. Get an installment loan with equal monthly payments.

Failing to repay or defaulting on a personal loan with close friends or family runs the risk of permanently damaging that relationship. Think of the debt collectors that you've dealt with in your life. Now imagine that acrimony coming from your best friend or even your parents.

The people that know you best likely know what you're capable of, as well. They're more likely to overlook a spotty credit history if you need a personal loan for a good reason. They likely have a broader idea of your future earnings potential than an outside lending institution, as they've known you longer and more thoroughly.

Want To Learn More About Getting A $150 Loan?

We are here to help!

Contact us today for any personal loan questions you may have or begin the process and apply for a $150 loan today.