How Can I Get a Second Payday Loan?

Payday loans come in handy when you need more cash. However, keep in mind that a second payday loan can dramatically affect your credit score. Subsequent loan applications are often rejected due to the long overdue debts on credits. 

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You might be wondering what to do if it is necessary to settle a pending payday loan. Thankfully, there are always alternative solutions to just about every problem. When it comes to second payday loans, getting another debt is possible without any conflict. You just need to know some “tricks.”

Generally speaking, personal loans allow you to borrow any amounts between $2000 and $60,000. There are lenders offering loans from $1000 to $100,000, though. It is important to note that these loans aren’t secured in most cases and the borrower’s signature is required to get them granted. You also need to know that you can make fixed-rate repayments about 2 to 5 years.

Why Take Out a Second Payday Loan?

As stated earlier, payday loans can help a lot in managing an urgent requirement. Furthermore, they are easy to approach given that they are unsecured. When applying for a second payday loan, it is very likely that you’ll be required to give a clear reason for taking out another loan. Don’t let this catch you by surprise!

Many people are tempted to get a second payday loan when facing an emergency again due to the fact that these loans can be taken out quickly. Another common reason among borrowers to opt for this solution is to get rid of previous debt. However, you may have a hard time getting another payday loan if there is an outstanding credit.

How to Take Out a Second Payday Loan?

Luckily, the vast majority of payday loan lenders don’t check the previous history of their borrowers for an outstanding debt. That makes it easier to have a loan granted. Borrowers are usually evaluated based on their ability to pay back the money and their income as well.

Nonetheless, some lenders may review your profile. This is where a credit score comes into play. It will determine whether or not you can qualify for a loan.

Do you have a bad credit score? Don’t worry, you can still qualify for a second loan. Below are some tips and tricks on how to get a second payday loan.

Search for Lenders Who Give Second Loans

There are lenders who reluctantly allow second loans in the event of overdue debts. Yet it is not difficult to find a lender who is willing to give another payday loan in this case. All you need to do is take the time to do a comprehensive search. If you have overdue debt, your chance of getting a payday loan is fifty-fifty.

By browsing through online reviews as well as the terms and conditions of a number of lenders, you can narrow down your options and find the best payday loans. Of course, it may take some time. 

Point Up Your Income

This can considerably boost the odds of getting a payday loan again. The goal is to emphasize your earnings. It is one of the best ways to get approval by online lenders. Those with substantial earnings are very likely to get it. But not everyone has impressive incomes. If you are one of these people, then you will need to make things more impressive than they actually are when applying for a loan in order to convince your lender. 

Any increased revenue should not be shown, as it may cause the lenders to reject your application if they notice anything deceitful while verifying your profile.

Rollover Previous Payday Loan

Even though it isn’t advisable, this is a better solution than sorting through hundreds of lenders who offer second payday loans. Not only will this take a lot of time, but it will also put you at risk of making the wrong choice.

People usually roll over their loans when looking to repay their previous loans. If you are facing this situation, your best choice is to ask your first lender to give you another loan so as to pay back the first loan. But before doing this, bear in mind that your lender may impose a double fee for your payday loan, which can put a dent in your budget.

As for the application, you may use exactly the same procedure. Your lender will be judging your situation based on the details you have already provided. While chances are good that another loan will be approved, the possibility of rejection always remains there. That’s why you need to communicate with your lender personally and try to convince him. Try making a phone call, or write a letter, explaining your situation humbly and politely. That will make your lender give the money gladly. 

Be Honest When Declaring About Your First Payday Loan

Honesty is very important when applying for a loan. Your honesty will increase your chances of getting a second payday loan. With that being said, be sure to mention the first overdue payday loan clearly and sincerely. Aside from saving the time, this will also reduce the chances of conflicts which could occur if your lender comes across an overdue debt while scrutinizing your profile. 


Payday loans and high-interest rates regularly go hand by hand, which is why you are not advised to apply for a second loan if you didn't pay off the first one yet. Otherwise, you could ruin your credit score and run into trouble. That will eventually take a serious toll on your budget. 

Nonetheless, you can consider taking out another loan if you are in dire need of money. In that case, the above-mentioned tips and tricks can help you become a good candidate for a second payday loan.

Don’t make any rash decisions, though. Think about whether that new credit will suffice your financial needs first. It is always a good idea to settle your old due debts before going for another one. 

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