Banks take too long to process a loan application and are usually not interested in a loan of $ 500. Off-store pawnshops and payday loan offices are more flexible. But sometimes they also charge extremely high fees on top of the money you owe. Your friends may want to give you a 500 dollar loan regardless of your bad credit history. But your relationship with them is probably worth more than the money itself.
Some direct lenders are more than willing to hire someone who is desperate for a 500 dollar loan. However, there is no need to fall into their traps: legitimate, customer-friendly payday loans do exist. Some of them don t even require a minimum credit rating.