Responsible lenders will want direct deposits to show that you have stable on-time income. No income or not enough - if you cannot afford to pay the loan off, it will only add to your financial troubles. These rate hikes make their costs comparable to payday loan costs. With no credit checks, payday loan companies online will want to see proof that the chances that money will be in the bank come pay off are good. One credit card company may accept sub-prime candidates while others will reject them. Ask about fees, interest rates, additional costs if the loan is left unpaid before signing the contract. *Credit history *Not enough income *Too many new applications *Credit utilization ratio too high *Debt to income ratio too high There are always exceptions, especially companies with poor practices. Finding a direct lender that will lend more money than others that rejected their application may not be a cause to celebrate. 1. 3. Both types of companies have their qualification standards and they vary between the many different lenders. Credit card companies will not pay attention to a current bank account. When your application is rejected by credit card and best payday loan companies, it is a good sign to analyze your current financial status. 5. Prior short-term loan defaults - Signs that you have already gone bad when trying to pay off other short-term loans is pretty scary for a new lender to trust you with another loan. 2. Here are the top 5 reasons why responsible online payday loan companies would not approve your loan application. Any good lender will note that having more than one other loan out at a time would place more risk factor to them getting paid as contracted.You have current payday loans to be paid off - These types of loans take a a chunk out of paychecks in order to pay them off.Contact information could not be verified - Online loan company offices may be located a few states away, they need working phone numbers and email addresses to contact customers. Some people will be excited just to have a new line of credit and ignore how much it will cost to keep a balance unpaid. No bank account or no direct deposit - A bank account is needed for processing EFT deposits or cashing a check. If your payday loan applications are rejected and your credit score defines you as unworthy of new credit take some time to rework your budget so your income will support life. You have to be aware of company policies before accepting their offer. What is left of the paycheck is most usually needed to pay for other regular expenses. Application rejections focus on: *Credit scores - Scores define the creditworthiness of the applicant. They will focus their attention on credit. Direct payday loan lenders may reject an applicant based on the amount of monthly take-home income, while another one would freely approve the same loan application. Some lender won't approve those in certain categories or will hike the rates up. Credit card companies will offer pre-approved loans with potential start up interest rates, but when you receive yours the contract shows that your credit determined a much higher rate.