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When you are in need of quick cash, Mr. Payday Has got you covered! We have been helping Canadians with their short term loan needs since 2002.

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How Our Loan Process Works


Apply Online

Applying for a loan with Mr. Payday is easy and fast. Fill out our simple and secure application form.


Get Approved

It usually takes about 30 minutes to get approved for a payday loan during our business hours.


Instant Funding

Once your loan application is approved, you will receive an e-mail money transfer withing 30 minutes.

What Our Customers Have To Say

Basic about Bad Credit Payday Loan

Picture of employee that got Bad Credit Payday LoanBad credit payday loan is a small and a short term loan that helps the borrower to cover the expenses till the next pay day. These are usually meant to be taken during the emergencies such as payment of school or college fees, some medical emergency or some major repair work at home, unexpected travel etc. Bad credit payday loan as the name itself suggest can also be taken to settle the bad credit score. Some people have a bad credit score because of mismanagement of money while some may have it due to sheer negligence. This is not a long term loan. It is taken with the guarantee that it will be cleared by the next payday. The amount taken here should be paid back in full and not on installment basis. The amount of interest charged here is also less when compared to the other bad credit loans.

Bad Credit Payday Loan Will Help You Set Free

Question arises as to why the lenders give bad credit payday loan for a person with bad credit score. The reason for this is that the rating is only helpful for a long term financial analyses. The other transactions such as mortgage loans, housing loans etc are large sum of amounts and require a good credit score for it to be approved. Whereas, bad credit payday loan is small amount of money that is taken on a condition that it will definitely be cleared on the next payday. This type of loan is only possible if you are employed. The major requirement for getting this loan that the lender would ask for is the most recent pay slip. This is a proof that the person taking the loan is employed. A post dated check for the loan amount should also be given to the lender while taking the loan. Apart from this the time at which the loan is taken i.e., whether it is middle of the month or the end of the month is also considered by the vendor while giving the loan.

Bad Credit Payday Loan Video


Now-a-days bad credit payday loan can also be obtained by applying online. If one feels that using the conventional methods is very expensive that is if the interest rate is thought to be more than various options online can be looked for. Once the choice is made as to which to choose to get a loan, there are a few things that have to be to be done in order to get the loan. A form giving the employment details and a few personal details has to be filled. Based on the information we fill in the form it will be decided whether you are eligible for the loan or not. Once all the information is found to be satisfactory, then the application is processed and within twenty four hours, the money will be deposited in your bank account.


It is comparatively easy for a person with a bad credit score to get a bad credit payday loan. The processing time is very less. Care should be taken to see that the lender offering the loan on a comparatively low interest rate is selected. More importantly, before applying for the loan one must be sure that it can be paid off on the next payday. It not only ensures a good relationship with the lender but also paves the way for writing of the bad credit score. Most of the companies decide on the rate of interest on the personal circumstances of the person who is borrowing and the amount which he wants to borrow. It is usually based on the average paycheck. Some of the lenders also give an option of renewing the loan if needed. However, this entirely depends on the lender. It is always better for a person with bad credit rating to be as prudent as possible before applying for a loan even if it is bad credit payday loan.