Christmas Loans for Bad Credit

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Christmas Loans for Bad Credit | No Credit Check

How Do Loans for Christmas Work?

Christmas time is always a period full of hustle and bustle. It also comes with a great number of holiday spending, from planning a Christmas party to purchasing presents for family members and friends.

According to different studies, approximately 36-40% of Americans use small holiday loans to overcome the holiday season with less stress on their budgets. If you feel that you need some extra cash to cover holiday expenses, our guaranteed Christmas loans for bad credit are here for you!

Apply with ASAP Finance and get emergency Christmas cash today with no credit check. Find the store near me or fill out a form online to make the process easier and faster. We are here to make your dreams come true, and Christmas is one of the best times to do magic.

Looking for Christmas Loans for Bad Credit to Cover Your Holiday Expenses?Get Now

A Christmas loan is a personal holiday loan from a direct lender that was created to help people cover their holiday spending around Christmas time. This is an unsecured loan that doesn't require collateral. Like most personal loans, Christmas loans may be used for almost any purpose without restrictions.

Depending on the type of holiday loan, you can borrow up to $15,000 with the repayment terms from a couple of days (for a payday loan) to 60 months (for a personal loan). Some holiday loans require you to repay the money in one large sum, while others allow you to make equal monthly payments within the loan lifetime.

Christmas loans usually have a fast application and funding process. Online lenders typically offer instant Christmas loans with a guaranteed approval decision within 15 minutes and fast money transfers as soon as the next working day. Thus, a Christmas loan is a good option to meet your urgent needs around the holiday season. It can be used as an emergency cash advance.

Moreover, Christmas loans are generally available for borrowers with both bad and good credit ratings. A direct lender is more likely to make a loan decision based on an applicant's income, not credit history.

They also don't perform hard credit checks through three major credit bureaus and use some alternative sources to check your personal data. Thus, you can get holiday cash advances even with a bad credit score without a record in your credit report.

However, a Christmas loan is usually quite expensive. Sometimes, an annual percentage rate for a holiday cash advance may be over 400%. That is why you should use it with caution and read your loan agreement carefully before signing. Make sure the amount of an interest rate suits your budget.

What Are The Types of Christmas Loans Bad Credit?

Direct lenders generally offer several holiday loan options to meet all the borrowers needs. You can borrow money for a short term or take out a long-term cash advance if you are looking for higher loan amounts.

Payday Loans

A payday loan is a short-term financial solution that allows you to cover some small holiday purchases. In most states, you can borrow from $100 to $1,000, but with online payday loans in Texas, it can be a bigger amount depending on your income. The repayment term is limited and basically set by your next payday but usually can't exceed 30 days. You must repay this holiday loan in one lump sum on the due date.

A Christmas loan till payday is considered easy to get because of the few simple eligibility requirements. As payday lenders are not very interested in borrowers credit scores, borrowing money till payday is available for people with poor credit.

Payday loan lenders also offer fast money deposits. In most cases, consumers get loan amounts as soon as the next business day. An online lender will deposit money directly to your bank account, so you don't have to waste time visiting a lending company in person.

At the same time, payday loans generally come with high-interest rates. Depending on the state and the lender, an APR may be over 400%.

Personal Loans for Bad Credit

A personal Christmas loan for bad credit allows you to borrow a higher amount at a lower interest rate, which is up to 36%. You must repay the loan cost in equal monthly installments within the repayment term, which can be up to 60 months. Thus, a bad credit personal loan is almost stress-free due to a lower amount of your monthly payment.

However, personal Christmas loans usually have more document requirements. Personal loan lenders also perform hard credit checks through major credit bureaus that affect your credit history. Although these cash advances consider poor credit borrowers, applying for them may lower your credit score by a few points. Moreover, a lender may offer you a higher interest rate if you apply for a loan with a poor credit score.

You may also have to wait for days until a lender sends you a loan decision. Thus, a personal Christmas loan doesn't suit you if you need some instant cash.

Installment Loans

An installment loan combines the main features of both personal and payday loans, so it is an option in between. You may get $1,500 and up to $5,000 and repay it in fixed monthly payments within 24 months. Thus, in terms of the repayment period and loan amount, an installment loan is similar to a personal cash advance.

As installment loan providers usually ignore your previous debt payment issues and don't make hard credit checks, these loans are very accessible and suit people with bad credit. They also have very simple eligibility requirements and offer fast money deposits within a business day. However, interest rates for installment loans are high and may reach 100% APR. Therefore, installment loans are also similar to payday loans in terms of accessibility and high costs.

How Much Money Can I Borrow With Christmas Cash Loans?

Depending on the holiday loan type, you can borrow from $100 to $15,000. Payday loans commonly provide borrowers with amounts from $100 to $1,000. An installment loan offers amounts from $1,000 to $5,000. A personal loan allows you to take out up to $15,000. However, the exact amount you can get depends on the lenders, your income, and the loan term you choose.

Benefits of Unsecured Holiday Loans

Getting a Christmas loan is one of the easiest ways of covering your holiday expenses. Here are the main benefits of unsecured Christmas loans for bad credit:

1. Fast application process.

Most Christmas loans are available online. You just need to fill out a loan application form on a website to get a loan approval decision in just a few minutes.

2. Easy to get.

Online loans usually have easy-to-meet eligibility criteria. Most direct and payday lenders also have no minimum credit score requirements and consider borrowers with any credit scores.

3. Direct money deposit within 24 hours.

You will get the money in your bank account as soon as the next working day or even earlier.

Flexible terms.

You can choose the product with a convenient repayment period from 3 days to 60 months.

No collateral is required.

You don’t have to worry about losing your property if anything goes wrong. Your e-signature is enough to get cash without any financial guarantee.

Am I Allowed to Apply for Christmas Loans With a Bad Credit Score?

You're welcome to apply for Christmas cash loans with any type of credit. As lenders approve loan requests relying mostly on the borrower's income, your credit score is not a determining factor. So, if you can prove your paycheck is enough to repay the loan, there is nothing to worry about.

Am I Eligible for a Christmas Loan?

Like any other emergency loans, Christmas loans are considered easy to get. Here are some basic criteria you must meet to apply:

  • be at least 18 years old;
  • have a valid resident identification card;
  • keep your bank account active;
  • provide us with proof of your income;
  • have a permanent address;
  • specify your personal and contact information, including cell phone number and email.

How to Apply for Bad Credit Christmas Loans?

Application steps are basically very simple. Follow them to get a Christmas loan within a working day:

Complete a loan request form.

Fill out and submit an online form on our website to share your application with our base of trusted lenders.

Get a loan decision.

Lenders always try to check your personal data quickly, so it usually takes no more than 15 minutes to get approved.

E-sign a loan agreement.

Don’t forget to read it carefully and make sure everything is clear for you.

Get the money.

You will access the funds in your checking account as soon as the next working day.

Alternative Ways of Covering Holiday Expenses

Besides Christmas loans from direct lenders, there are also other available options. You may consider one of the following alternatives before applying for guaranteed Christmas loans.

Personal Loans from Traditional Financial Institutions 

Personal holiday loans from banks and credit unions allow you to borrow money at lower interest rates. However, such lenders require you to have at least a good credit score to offer you competitive rates. You also have to gather many documents before applying, so a personal cash advance is not a good option in case of emergencies. Also, pay attention to the origination fee.

In some cases, a bank or credit union tries to hide high additional charges under low-interest rates.

Car Title Loans

A car title loan is a secured loan that uses your vehicle as collateral to provide you with the money you need. In most cases, you can get up to 80% of your car's estimated price. As you provide a lender with a pledge, it is usually very loyal to your credit rating, so you can apply with any FICO score. At the same time, a lending company may repossess your vehicle if you will not be able to make a loan payment on time.

Peer-to-Peer Financing

Consider borrowing money from your family members or friends to avoid credit card companies with high-interest rates. Nevertheless, it may be a problem to get financial protection from your relatives around Christmas time.

Things to Consider Before Taking Out a Christmas Loan

Many Christmas loans are quite costly, so you should ask a lender about the loan conditions to understand how high your interest rate will be. Also, you have to let the lender access your checking account to collect payments on the due date.

Although Christmas cash loans usually keep your credit unchanged, they may affect your FICO score in case of payment delays or missing payments. Make sure you will be able to turn back money on time before applying.

How Can I Reduce Financial Burden Around Christmas Time?

Start preparing for holidays in advance.

Start saving some money for holidays a couple of months before Christmas. It will help you distribute your holiday expenses evenly and divide them equally over two or three months. Thus, it will be less stressful for your budget.

Make a financial plan.

Your monthly expenses are not the only ones that should be a part of your financial plan. The holiday budget will also help you realize how much money you can spend.

Consider inexpensive gifts.

A gift doesn't have to be expensive. You can choose something heartwarming or even make some DIY stuff. Such gifts are usually more memorable and much appreciated.

Why Should I Apply With ASAP Finance?

Christmas time is the right time for good deeds. ASAP Finance is eager to help you if you're in a difficult financial situation. We want your holidays to be memorable and are proud to be a part of your merry Christmas. Applying with us, you receive:

24/7 application.

We’re ready to help you wherever you are, at any moment you need us;

Fast money transfer.

Get the funds within a business day without leaving your home;

Bad credit, OK.

Your credit score is not a barrier to having the great Christmas time you deserve;

Multiple loan options from direct lenders.

We work with reputable and licensed lenders only. You may be sure they have competitive offers for you;


We use the best security services to protect your data.

Frequently Asked Questions


Can I Get a Christmas Loan With No Credit Check?

A payday loan provider generally performs only a soft credit check that doesn’t hurt your credit score. However, it still checks your personal and income information to make a loan decision relying on them.


Can I Get a Holiday Loan Same Day?

It mostly depends on the speed of your loan verification process. Lenders may deposit holiday loans by the end of the same day if you apply in the morning on a weekday. Otherwise, you will get cash as soon as the next business day.


Am I Guaranteed to Get Christmas Loans?

Unfortunately, lenders can’t guarantee you will get a loan until they check your application and income details. Although people with any credit have a high chance of getting a Christmas loan, a lender can still reject your loan request for different reasons.

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