What can you do when you need a new toaster, clothing, mobile phone, or anything else and don’t have the cash immediately available? Buy now pay later, that’s what! In fact, buy now pay later alternatives are often considered the most viable option! What most people don’t know about buy now pay later apps is that fantastic alternatives will enable you to get the goods from stores you want right now and pay off the total amount in affordable monthly installments. And that’s what we’re here to discuss; everything about buy now pay later loans that you need to know. What they are, how they work, eligibility criteria, what stores and catalogs accept them, where to find the best options, and the pros and cons of the best providers of buy now pay later alternative loans.
Best Buy Now Pay Later Websites Alternatives – Quick Overview
Below is a quick look at some of the best alternatives to buy now pay later:
- Money Lender Squad – Overall best for Installment Loans
- Viva Payday Loans – Best for Instant Payday Loans Online
- Low Credit Finance – Best for Bad Credit Loans
- Credit Clock – Best for Quick Credit Loans
- Pay wages early providers
Best Buy Now Pay Later USA General Eligibility Criteria
To qualify for buy now pay later loans or alternatives, there are several eligibility criteria you have to meet. To be eligible, you must:
- Meet the minimum age requirement (18 years)
- Earn at least $1000 per month
- Have a permanent address in the US
- Have a valid form of ID
- Proof of legal citizenship or residency in the USA
- Have a valid checking or savings account with direct deposit
Best Buy Now, Pay Later Loans of 2022 – Detailed Reviews
Learn the most important details of each loan-finder offering alternatives to buy now pay later below, where we list our top five options:
#1. Money Lender Squad – Best Installment Loans
Money Lender Squad offers a variety of loan types with their installment loans being fantastic alternatives to traditional buy now pay later options on the market.
- Quickly matches borrowers with lenders
- Same day payouts
- Pay off the loan in 6 monthly installments
- Loans capped at $5000
If you’re looking for a quick online loan that you can pay off in 6 installments, Money Lender Squad is a great option. This particular loan finder site is head and shoulders above any buy now pay later website or app offers. As far as buy now pay later loans are concerned, Money Lender Squad is climbing the ranks. It’s a platform known for quickly matching borrowers with lenders most likely to assist them in the shortest possible time. They’re also well known for offering options to borrowers with no credit history or bad credit. Better yet, Money Lender Squad has a reputation for arranging same-day loans, or at least loans that pay out by the next business day.
You can expect the entire online loan application with MoneyLenderSquad.com to be quick and easy. The company doesn’t believe in red tape, and they won’t waste your time, either. If the automated system determines whether you’re eligible or not for a loan, you will know within 2 minutes of submitting your application.
Unlike traditional buy now pay later apps, when you get a loan via the MoneyLenderSquad.com portal, you only need to make your first payment on your next payday. Loans range from $1000 to $5000, with 3 to 6 months to pay. Interest charged is pretty standard, ranging from 5.99% to 35.99%. And what’s extra-special about Money Lender Squad is that they have a squad of lenders on their side. They have a panel of lenders they refer borrowers to that are ethical, reputable, and willing to assist even low-credit borrowers. You don’t need to apply to each lender separately – apply once and let the automated system do the rest. This saves borrowers a considerable amount of time and eliminates the risk of several hard credit checks against your name, which can negatively impact your credit score.
What’s great about Money Lender Squad is that their application form for buy now pay later loans is simple. It requires the basics, such as your name and surname, ID, physical address, employment details, bank account details, and a list of your monthly expenses. Then, it takes just a few moments to complete, and once you hit the submit button, you only have to wait 2 minutes to get feedback on your request. A quick online loan that requires no waiting around is the type of loan most Americans want to sign up for!
#2. Viva Payday Loans – Best for Online Payday Loans
If you’re looking for small loan amounts that can be repaid quickly, the payday loans available at VivaPaydayLoans.com, are a great choice. They’re suitable alternatives to buy now pay later deals, because they can be paid back over several weeks to several months, depending on how much you borrow.
Short-term loans that are easy to repay
2 to 24 months to pay
- Interest can be as high as 35.99%
Viva Payday Loans is one of those buy now pay later apps that matches lenders with borrowers. They are often seen as one of the best overall providers of online loans in the US, and when you use them, they ensure you’re not limited to just one lender. In fact, they give you access to a panel of some of the best lenders in the country. Their online application form for buy now pay later loans automatically analyses the data and sends it to the correct lenders on the panel. It will be indicated if a lender can provide the borrower with financial aid. If the borrower wishes to proceed, they complete the quick and easy online application form with their personal details.
The turnaround time on loan processing is pretty quick – you can expect to know whether or not you are approved for a loan within 2 minutes. The lender will then require supporting documentation to verify the information provided. Supporting documents include proof of address, ID, pay slips, and bank statements. There are four simple steps to applying for quick online loans with Viva Payday Loans. First, select the amount and loan term required. Second, fill in the online application form. Third, wait two minutes for feedback and decide if you want to go ahead. Fourth, receive the loan agreement. Read it, sign it and get the cash. It’s that simple to get alternative loans to buy now pay later at Viva Payday Loans.
The buy now pay later loans available via the Viva Payday Loans portal range in size from $100 to $5000 with 2 to 24 months to pay. The interest ranges from 5.99% to 35.99%. How much interest you will have to pay will depend on your FICO score, the amount you earn, and the loan amount you request.
#3. Low Credit Finance – Instant Bad Credit Loans
Bad credit borrowers often have a hard time finding access to cash advances and loans when they need them. Low Credit Finance welcomes bad credit borrowers to apply for their bad credit loans that serve as the perfect alternatives to buy now pay later deals.
- Online application takes a few minutes
- Payout on the same day (or by next business day)
- Low credit borrowers welcome to apply
- Expensive form of borrowing
In life, not much is guaranteed except expenses, that is. And sometimes, expenses get ahead of the average American and put them in a difficult spot. Cue the financial difficulties. If you’re one of those Americans needing a few things but without the cash flow to get what you need, you’re probably tempted by the traditional buy now pay later options available at local stores and websites. However, LowCreditFinance.com is a loan finder service that helps consumers connect to a wide range of lenders. And what’s best is that they do it in a few minutes. So while buy now pay later no credit check isn’t always possible with lenders (most do carry out a credit check), it’s still possible to get a loan with a low FICO score when using the Low Credit Finance loan-finder service.
Loan applications on the LowCreditFinance.com site are 100% simple. You first select the amount you wish to borrow and how long you want to pay it back over. Then, lenders will indicate if they can assist, and if you choose to go ahead with one of the offers, you will be furnished with a loan agreement. You will need to read through the entire agreement before signing it. Buy now pay later loans alternatives are only provided to lenders who provide accurate information on their applications. So, ensure you’re as transparent as possible when registering for a loan with Low Credit Finance. Lenders typically do an affordability assessment to determine if you can actually afford the loan before approving it and paying it out. This doesn’t take long; the entire loan process will only take a few minutes of your time.
It’s important to remember that while loan-finder sites might not process credit checks on you, lenders usually do. And, of course, Low Credit Finance and other loan-finders don’t determine the outcome of your loan request. The lender will check further to verify your information after receiving your loan request. It is ultimately up to the lender to determine if you’re suitable for a loan or not.
The lenders on the Low Credit Finance panel are well versed in the world of online loans. And that’s why they seem to do it so well! They offer a quick application form, an approval process that’s completed within a few minutes, and payouts on the same day or, at the latest, by the next business day. As far as interest is concerned, LowCreditFinance.com has the same deal as other short-term lenders online. Their buy now pay later loans come with 5.99% to 35.99% APR and with loans ranging from $100 to $5000 with up to 24 months to pay. Of course, there’s no charge to make use of the Low Credit Finance loan finder service.
#4. Credit Clock – Quick Credit Payday Loans
If you don’t have time, like most Americans in a financial pickle, to wait around for the cash you need, the speedy application service and payout that’s just as fast available at Credit Clock is a good option. In addition, the quick online loans they offer are a viable alternative to buy now pay later websites and apps.
- Timely payouts on approved loans
- Quick and easy online application
- 2-minute approval process
- Expensive: interest can go up to 35.99%
If you want to buy now pay later at some of the best stores, websites, and catalogs, CreditClock.net is a great place to start. This loan-finder site gives borrowers access to some of the best buy now pay later loan alternatives on the market. If you’ve been shopping around for buy now pay later no credit check instant approval no money down, this is the place to get the best possible alternative. Most buy now pay later websites will require you to immediately make your first down payment on your finance, but when you opt for Credit Clock’s buy now pay later loans, your first installment is only expected on your following payday. Having said that, keep in mind that regulatory guidelines in the US ask lenders to carry out credit checks to their clients, but the credit history it’s not all they look at when anlayising whether to lend you money or not.
If you hop onto the Credit Clock website, you will note that they offer loans from $100 to $5000 with 3 to 6 months to pay. However, it is believed that some lenders servicing the loan-finder offer higher loan amounts that can be repaid over 24 months. While borrowers are always on the lookout for buy now pay later guaranteed approval loans that are rarely available, CreditClock.net does provide borrowers with the best possible chance of approval, thanks to working with lenders with minimal red tape. When you apply for buy now pay later loans at Credit Clock, you can expect an interest rate range of 5.99% to 35.99%. Remember that Credit Clock cannot provide you with buy now pay later guaranteed approval offers as this is up to the lender offering the funds.
Credit Clock’s name is apt because the loan-finder service does everything quickly. From filling in the online application form, which takes just a few moments, to approving (or rejecting) loans in as little as just 2 minutes, the Credit Clock loan-finder service is fast and efficient. And it’s not just the application and approval process that’s fast; the company also works with lenders that endeavor to pay out approved loans on the same day or within 24 hours. If it’s simplicity you’re looking for when applying for buy no pay later alternatives, Credit Clock is it!
5. Pay Wages Early Providers
Sometimes you don’t need a loan or buy now pay later guaranteed approval offer. Instead, you just need to get a few bucks advanced so you can buy some groceries or an item of clothing. In this instance, pay wages early providers offers a great alternative to buy now pay later deals.
- Get a cash advance instantly
- No lengthy commitment required (pay off loans fast)
- Available to all Americans earning a steady income
- No additional cash – could make you short on money for your bills
In the US, there are several Pay Wages Early providers that enable you to get access to your paycheck early. These providers are ideal for Americans faced with immediate expenses when payday is a few days or weeks off still. Instead of overdrawing their bank account, borrowers opt to get a portion of their wages advanced via one of the apps or services available. If you don’t need more money than you already earn and just need an advance, pay wages early apps can be a great buy now pay later alternative. Some popular providers in the US include Earnin (capped at $100 per day), Dave ($100 at a time), MoneyLion ($250 at a time), and Brigit ($80 to $250).
Various providers help average Americans get access to their wages early as an alternative to buy now pay later. How do they make their money? In some instances, there is a service fee for every advance. Other apps have a monthly membership fee, and a few charge a small amount of interest.
Keep in mind that pay wages early apps and providers don’t provide you with additional cash. What they do is advance a portion of your wages which is then debited from your bank account on your official payday. This means you will have less money than your usual wages on your payday. This is a good option for some who have surplus money each month once their bills are paid. But if you’re already experiencing tight months and don’t have additional cash left over after your bills are paid, you may want to consider a buy now pay later alternative loan.
What Can You Purchase With Buy Now Pay Later Apps?
Buy now pay later websites and apps enable you to buy a multitude of things. Much the same, buy now pay later no credit check alternative loans offer you the chance to invest in similar things, and other things that aren’t offered by stores and websites with specific buy now pay later offers. Here’s what you can buy with buy now pay later:
PS5 – PlayStation 5’s aren’t affordable to the cash-strapped, but that doesn’t mean you or your kids have to do without one. With buy now pay later alternative loans, you can buy the PS5 and get a few games to go with it!
Clothes – Refreshing your wardrobe or ensuring that you always look neat and professional costs money. With rising inflation and salaries staying the same, it can be hard to ensure that you’ve always got a decent wardrobe. Buy now pay later loans enable you to keep your wardrobe up to date and pay the new clothing off in affordable monthly installments.
Hotels – Do you need to go to a wedding? Visit a sickly family member? Or even go on a much-deserved holiday? Hotels can be expensive, but that doesn’t mean you should cancel your trip! Instead, you can use buy now pay later loans to pay for your stay and pay it off over several months in affordable installments.
Laptops – Getting a new laptop is important for homework, office work and especially important if you freelance or work for yourself. With buy now pay later websites and loans, you can get your hands on a brand-new laptop, and pay it off over 3 to 24 months.
Unlocked Cell Phones – Some buy now pay later apps and websites specifically sell unlocked cell phones. You can also opt for a buy now pay later alternative loan to buy the device and any accessories you might need.
Airline Tickets – Going on a trip doesn’t have to cripple your finances! You can use one of the aforementioned buy now pay later loan finders to get a loan that allows you to fly now and pay for your ticket over 2 to 24 months.
Hair – Have a special occasion coming up or merely need a make-over to revamp your style? If you don’t have the cash, you can use buy now pay later alternative loans to pay off your hair treatment in several affordable monthly installments.
Shoes – While there are certain buy now pay later websites dedicated to shoes, you can find more variety and buy precisely the shoes you want when using buy now pay later alternative loans.
Electronics – You will find that there are several electronics buy now pay later websites that enable individuals to get their hands on their favorite devices and pay them off in affordable monthly installments.
What Is Buy Now Pay Later?
In the traditional sense, buy now pay later is a service that allows consumers to split the payment of their goods over several months. Most buy now pay later options are split over four months, but it can vary between buy now pay later websites and buy now pay later apps. With buy now pay later you select the products you wish to purchase, and then during the check-out process, you select the buy now pay later option. This will require you to make the first installment immediately and follow these up with monthly installments over the agreed period.
Americans looking for buy now pay later no credit check instant approval no money down may not like buy now pay later store and website options because the first installment is required immediately. This is why many consumers prefer buy now pay later alternatives because they don’t need the first installment until their next payday. However, if you’re hoping for buy now pay later guaranteed approval, remember that applying for the service doesn’t guarantee that you will be approved. Most buy now pay later apps providers will still carry out a credit check on you and ensure you can afford the monthly installments before approving you for the deal.
Of course, you must take out a loan you can afford. When dealing directly with the lender or broker offering you the loan, take the time to negotiate the terms and APR. You will find that many lenders and brokers are negotiable in an attempt to remain competitive. So if you’re looking to cut costs, it’s worth asking the buy now pay later loans alternative provider to offer you better terms and APRs.
There is no denying that buy now pay later stores, catalogs, websites, and more, offer Americans fantastic convenience. That said, it comes with its cons, too, such as having fewer lending options and restrictions on what you can purchase as you don’t get actual cash in hand. If you prefer to get cash in hand that you can spend on anything, anywhere, you may want to opt for buy now pay later loan alternatives by visiting the loan matching services reviewed above.
Which Buy Now Pay Later Are Easiest To Get Approved?
Most buy now pay later stores, websites, and apps will claim to have the easiest option to get approved for. If you’re looking for a genuinely simple process to get the cash you need, consider using a loan-finder service such as LowCreditFinance.com, CreditClock.net, MoneyLenderSquad.com, or VivaPaydayLoans.com.
Which Websites Allow You To Buy Now Pay Later?
There are several websites and apps that offer buy now pay later, such as Affirm and Klarna. Some loan-finder sites also offer buy now pay later, and these include Money Lender Squad, Viva Payday Loans, Credit Clock, and Low Credit Finance.
What Credit Score Do You Need For Buy Now Pay Later Apps?
The credit score requirements can vary from one app to the next. In general, the companies offering buy now pay later don’t publicly disclose what the required credit score is. Most buy now pay later websites and apps will run a soft credit check on your name, which of course, doesn’t impact your overall credit score.
How Do Buy Now Pay Later Apps And Websites Work?
Buy now pay later apps and websites allow consumers to buy what they want today while delaying payments, or rather, splitting payments over several months. Usually, the consumer will make their first down payment when they receive the goods, and then pay the rest over a set period.
Is There Such A Thing As Buy Now Pay Later No Credit Check?
There is no definitive way to tell if a buy now pay later app or website will process a credit check on your name. The above-mentioned loan finder sites won’t carry out a credit check on you, but their third-pay lenders may carry out a credit check before approving your request as it’s part of the US regulatory guidelines. If a lender mentions that they offer buy now pay later no credit check, it’s best to double-check if they will still do a soft credit check on your name or not.
If I Miss A Buy Now Pay Later Installment, What Happens?
Missing payments on your buy now pay later deal will result in your credit score being affected. It’s important to make payments on time and in full.
Why Are Buy Now Pay Later Loans Popular Compared To Credit Cards?
Buy now pay later is easier to repay as the total amount is split over several months. This means that you get out of debt quicker than when using a credit card that only requires a minimum payment each month. Buy now pay later websites and apps also include very little interest compared to credit cards.
Will A Loan-Finder Site Cost Me?
If you’re using one of the loan-finder sites mentioned in this overview, you won’t be charged anything for the service. These loan-finder sites put you in touch with some of the best buy now pay later loan alternatives on the market, offering fast loan processing and quick payouts.
Is Buy Now Pay Later Beneficial To Merchants?
Some may wonder what the buy now pay later option means for merchants. Do they benefit from it? Buy now pay later offers consumers convenience and also merchants as they get to make a sale they might not have otherwise made. It’s most beneficial to merchants over festive periods when consumers would like to spend money but might not have access to the full amount immediately. In this way, they don’t miss out on sales but have to wait to get the money in from each sale.
How Can I Increase My Chances Of Getting Approved For Buy Now Pay Later Alternative Loans?
There’s nothing worse than having your buy now pay later or loan application rejected. In fact, it can be downright distressing, especially if you desperately need access to cash. If you want to avoid being turned down when applying for loans that are great alternatives to buy now pay later websites and apps, there are a few things you can do. First, ensure that your credit is in good standing. Secondly, only apply for a loan that you can genuinely afford to repay – this will require you to take a close look at your budget and determine the installment you can afford.
Disclaimer: The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans available to U.S residents only.