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What to Do if Your Payday Loan Application Gets Denied

A second chance payday loan allows you to apply for yet another online payday funding offer, even after getting rejected for the prior.

Basically, the following factors could lead to a decline in your online payday funding request:

  1. No proof of steady income
  2. Poor credit score
  3. The high credit utilization ratio
  4. Bad spending habits
  5. Lots more

A factor that would make a direct payday lender decline your funding request is the lack of proof of a steady source of income or paycheck.

Reasons Why Your Second Chance Payday Loan Request was Denied

As discussed earlier, the fact that you can’t show proof of a steady source of income to your direct payday lender is a definite red flag for you.

Thus, your employment status is critical to getting a second chance payday loan offer from any direct payday lender.

You have to understand that direct payday lenders take a massive risk on you by being willing to offer you funding with a poor credit rating.

What happens is that your monthly salary and regular paycheck stand as an assurance to direct payday lenders. Showing them proof that you will be able to pay back the debt settlement when due.

Thus, an unemployment status generally affects your ability to borrow money from any lender, whether a traditional

Your unemployment status can also affect your finances in the most negative ways. It can massively reduce your credit utilization ratio to an extent where you may find it even very difficult to borrow money from any kind of lender.

It can also result in you adopting some really bad spending and borrowing habits that may be detrimental to your personal finances.

How to Get a Second Chance Payday Loan After Getting Declined?

This involves three (3) simple steps:

  1. Show proof of income
  2. Consistently check your credit rating
  3. Maintain a steady credit utilization ratio


1. Show Proof of Income

Proof of income may not necessarily have to come in as a monthly salary or routine paycheck. Your unemployment benefits can also count as proof of income when applying for a second chance payday loan offer.

Other respective unemployment benefits, monetary gifts from friends and family. Lots more make it relatively easy for anyone to get a second chance at payday loan approval without a job.

That being said, some second-chance payday loan direct lenders may consider other forms of income outside of that gotten regularly from a job or salary.

If you get consistent money coming to you from any one of the following sources, you may still qualify for a second chance payday loan from a direct payday lender:

  • Child support or alimony
  • Dividends or interest
  • Long-term disability
  • Social Security
  • Retirement funds
  • Trust fund
  • Rental property

With any of the above-listed sources of income, there’s a higher possibility of you getting a second.

How to Get a Second Chance Payday Loan After Getting Declined

2. Consistently Check Your Credit Rating

Customers are often allowed a free credit report of their personal finances once a year from the three different credit reporting agencies.

And while requesting a credit report of your finances has no impact on your credit score or rating. It can prove pretty helpful for you to identify errors and dispute any errors that you may find in your report.

In fact, a government study recently showed that at least 26% of customers have one potentially material error in their credit report.

Results like these could, in turn, result in you having a pretty low credit score and rating.

Reporting these errors to the different credit reporting agencies will help you improve your credit rating as soon as the false information is fixed.

A steady analysis of your credit report helps you know exactly where and where you are falling short in your finances and find the best suitable ways of resolving them.

3 Maintain a Steady Credit Utilization Ratio

Your credit utilization ratio makes up about 30% of your current credit rating; thus, making it a very significant factor in your credit report.

That being said, maintaining a steady credit utilization ratio puts you in a much better position for getting a second chance payday loan from a direct lender.

Thus, a much lower credit utilization ratio puts you in a better position when dealing with lenders.

A credit utilization ratio of 30% and less is generally considered good.

Can I Get a Second Chance Payday Loan from InstantPaydayLA?

Sure, definitely, you can!

Here at InstantPaydayLA, we guarantee you instant approval on all your second-chance payday loan requests.

You don’t even have to show a good credit rating for this to work!

Our online payday loans Louisiana no credit check offers allow customers to get instant approval on all their second-chance payday loan requests.

With this, you no longer have to rely solely on your traditional set of lenders and credit unions for funds whenever you need them.

The best part is that you get access to all these straight from the comfort of your home. Without having to stress yourself, standing in long boring queues, and all that.

And just like we’ve earlier discussed, you don’t necessarily need to have a job before you can qualify for funding on our platform. So long as you can show some form of proof of your ability to pay back the debt financing when due, you are good to go!


Getting denied funding from a lender should never connote a lack of hope for anyone.

In fact, this is the best time to re-evaluate your finances, thus, putting you in a much better position with lenders in the latter.

That being said, a second chance payday loan offer is always available for you to use when dealing with a prior rejection on a loan application request.

You can get up to $5,000 in funding from a second chance direct payday lender. Easily pay back on getting your next paycheck or salary. These are payday loans given based on your job or fixed income and are the best way to get quick money.

You don’t also have to worry about risking any of your belongings or property as collateral. As these kinds of loan offers come with no form of security required.

Eliza Garcia

My name is Eliza. I am the content coordinator at InstantPaydayLA. InstantPaydayLA provides instant short term loans to help you to get your finances back on track.

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