Even for people with worst credit score ever, there is a ray of light at the end of the tunnel, that is payday loans or same day loan opportunities. That’s the good news. Obviously, company analysts consider such poor scores while processing your application and some lenders may turn it down if they assess the risk of you not returning the money as too high. On the other hand, other cash advance companies might be willing to take the risk, but will calculate and set high interest rates accordingly. Off every hundred dollars, they may charge you from fifteen up to even thirty dollars. That’s the bad news, but it’s simply how this type of unsecured loan works. What you need is to find the best deal online. It’s best to remember that same day loans aren’t meant to be taken repeatedly, though there are people who go against such advice to their own detriment and end up neck-deep in debt. What else is required of you? You must be 18 years old, have an active checking account in your bank and a regular income. There are lenders which don’t ask for any documents to be faxed, though you have to meet the already mentioned criteria. In case of an online application, the procedure is greatly simplified to your benefit. Using a secure connection, you will be asked to provide some basic data, including your social security number and driving licence details. The repayment must be made in two to four weeks’ time with your paycheck. Even though the deadline can be extended for a longer period for a fee, interest rates will continue to accrue on your debt. All in all, even in the worst credit scenario, you might give this loan a shot, just make sure you know well in advance what’s awaiting you.