Big Buck Loans: Are Fast Cash Payday Loans Worth the Price?

Big Buck Loans is a financial services company that provides loans to individuals in need of emergency funds or extra cash. Founded in 2005, Big Buck Loans aims to provide fast and flexible lending solutions to help customers overcome unexpected expenses or finance large purchases.

With over 100 locations across the country, Big Buck Loans takes pride in its commitment to personalized customer service. Loan officers work one-on-one with applicants to understand their unique financial situation and connect them with the right lending product. Big Buck Loans offers a range of loan types including payday loans, installment loans, lines of credit, and title loans.

The company’s mission is to provide hardworking people with access to fast cash, while upholding responsible lending practices. Big Buck Loans conducts thorough affordability assessments to ensure customers can manage repayment. Although interest rates are higher than traditional bank loans, Big Buck Loans strives to be transparent about all fees and charges. The company believes in giving customers a hand up during difficult times, not burdening them with unmanageable debt.

Types of Loans Offered

Big Buck Loans offers a variety of loan options to meet different financial needs:

Personal Loans

Personal loans provide access to lump sums of cash that can be used for major purchases, debt consolidation, home improvements, medical expenses, vacations, and more. Loan amounts at Big Buck Loans range from $1,000 to $35,000 with terms from 12 to 60 months.

Payday Loans

Payday loans from Big Buck Loans provide fast cash advances on your next paycheck. Amounts range from $100 to $1,000 with terms of 2 to 4 weeks. These short-term loans help cover expenses until your next payday.

Auto Loans

Big Buck Loans offers competitive auto loan rates to finance new and used car purchases from dealerships or private sellers. Auto loans come with fixed rates and terms of 24 to 84 months.


Big Buck Loans provides home loan options including fixed and adjustable rate mortgages. Down payments as low as 3% may be available. We offer competitive interest rates and flexible 15 to 30 year terms.

Benefits of Using Big Buck Loans

Big Buck Loans offers several advantages for borrowers looking for quick access to financing. Here are some of the key benefits to using Big Buck Loans:

Fast Approval Times

One of the main benefits of Big Buck Loans is their fast approval process. Many online lenders can take days or even weeks to approve loan applications. Big Buck Loans aims to provide funding within 24 hours for qualified borrowers. This makes them an ideal option when you need cash quickly for an emergency expense or other pressing needs. The fast approvals are made possible by their streamlined online application and automated review system.

Flexible Repayment Options

Borrowers have multiple repayment options when taking out a Big Buck Loan. You can choose terms from 3 months up to 3 years. This allows you to select a monthly payment amount that fits within your budget. Payments can be made automatically via ACH transfer from your bank account as well. There are no early repayment penalties either, so you can pay off your loan early to save on interest charges if you’d like.

Competitive Interest Rates

While not always the lowest, Big Buck Loans offers competitive interest rates compared to other online lenders. Rates start as low as 5.99% APR for qualified borrowers. The exact rate offered will depend on factors like your credit score, income, and loan amount requested. Even if you don’t get the lowest rate, Big Buck Loans provides rate transparency upfront so you can make an informed decision. Their rates are also often better than high-interest options like payday loans or credit cards.

Requirements and Qualifications

Big Buck Loans has some basic requirements and qualifications borrowers must meet to be eligible for a loan. Here are the key criteria:

Credit Score Minimums

To qualify for a Big Buck Loans personal loan, you’ll need a minimum credit score of 640. This ensures you have a reasonable credit history and the ability to manage debt responsibly. Those with scores below 640 may not be approved.

Income Requirements

You’ll need steady income to qualify for a loan. Big Buck Loans requires borrowers to provide recent pay stubs showing a consistent monthly salary. Self-employed applicants can provide tax returns or bank statements to verify income. There are no set minimum income thresholds, but higher incomes improve your chances of approval.

Employment Status

Having a job is key for loan approval. Big Buck Loans requires borrowers to be currently employed or have solid income sources. You can be a W-2 employee, self-employed, or retired with pension/Social Security income. But you must show reliable monthly earnings to repay the loan. Unemployed applicants generally do not qualify.

The lender will evaluate your credit, income, and job status to determine if you meet the requirements for one of their personal loans. Strong qualifications in these areas will boost your chances of getting approved.

Application Process

To apply for a loan from Big Buck Loans, the process is simple and can be completed entirely online. Here’s what you need to know:

How to Apply

  • Visit the Big Buck Loans website and click “Apply Now”
  • Select the type of loan you need – whether it’s a personal loan, auto loan, or other loan product offered
  • Complete the online application with your personal and financial information
  • E-sign any required disclosures and agreements

The entire application process can be done on a computer, tablet, or mobile device with internet access. You don’t need to visit a branch or mail any documents.

Required Documents

As part of the online application, you will need to provide certain documents to verify your identity and income. Required documents may include:

  • Photo ID such as a driver’s license or passport
  • Proof of income such as recent paystubs or tax returns
  • Proof of address such as a utility bill
  • Bank account statements

Any required documents can be uploaded directly on the application platform.

Processing Time

Big Buck Loans prides itself on fast processing and lending decisions. Here is what you can expect:

  • Pre-qualification decision: Within minutes
  • Full approval decision: Within 1 business day
  • Funding of approved loans: As soon as the next business day after approval

So you can go from starting your application to having funds available in just a couple days in most cases.

Repayment Options

Big Buck Loans offers flexible repayment options to meet your needs. You can choose repayment terms from 6 months up to 5 years.

Term Lengths

  • 6 months
  • 12 months
  • 24 months
  • 36 months
  • 48 months
  • 60 months

Select the term length that fits your budget and financial situation. Shorter terms have higher monthly payments but less interest paid over the life of the loan. Longer terms have lower monthly payments but more interest paid in total.

Early Repayment

You can pay off your loan early with no prepayment penalty. This allows you to save on interest by paying it off quicker if you have the funds to do so. Paying extra each month is another way to pay down the principal faster.


There are no penalties for early repayment of your loan. You can pay it off in full at any time with no extra fees. However, missing or late payments may incur late fees and negatively impact your credit score. It’s important to make at least the minimum payment by the due date each month.

Interest Rates and Fees

Big Buck Loans offers competitive interest rates on all of our loan products. Here is an overview of the rates and fees you can expect:

Interest Rates

  • Personal loans: Rates range from 5.99% to 35.99% APR, depending on your credit score and other qualifications. The higher your credit score, the lower your interest rate will be.

  • Payday loans: These short-term loans have interest rates ranging from 10% to 30% of the borrowed amount. For a 2-week $100 loan, you would pay $10 to $30 in interest.

  • Auto loans: Interest rates start as low as 2.99% for highly qualified borrowers. Subprime borrowers may pay up to 20% APR. The rate depends on your credit score, income, and loan term.

  • Mortgages: Interest rates for home loans start at 3.5% for a 30-year fixed rate mortgage. Jumbo mortgages over $510,400 typically have slightly higher rates. Adjustable rate mortgages have lower starting rates around 2.5% but the rate changes over time.

Origination Fees

Most Big Buck Loans products charge an origination fee of 1% to 6% of the total loan amount. This fee is deducted from the loan proceeds. Payday loans do not have origination fees.

Late Fees

If you miss a payment, Big Buck Loans charges a late fee of $15 or 5% of the monthly payment, whichever is greater. After 60 days of nonpayment, the late fee increases to $39. Payday loans assessed $15 late fees after just one day.

Be sure to carefully review the interest rates, origination fees, and late fee policy before taking out a Big Buck Loans product so you understand the costs.

Customer Service

Big Buck Loans prides itself on providing excellent customer service. Here are some key things to know about getting support:

Contact Information

You can contact Big Buck Loans customer service by:

  • Phone: 1-800-555-1234
  • Email:
  • Live chat on the website
  • Physical locations – find a branch near you on the website


  • Phone support is available 24/7
  • Emails are typically responded to within 24 hours
  • Live chat is available Monday to Friday, 9am – 5pm EST
  • Branch locations have their own hours – check the website

Complaint Process

If you have an issue or complaint about Big Buck Loans, here is the process to resolve it:

  • First, contact customer service by phone, email or chat to explain your complaint. The agent will attempt to resolve the issue.
  • If you are not satisfied with the resolution, you can request to speak with a supervisor who has more authority to resolve complaints.
  • If the complaint remains unresolved, you can submit a formal written complaint to Big Buck Loans’ corporate office. Include details of the issue and prior attempts to resolve it.
  • Big Buck Loans takes complaints seriously and will conduct an investigation. You will receive a response within 30 days with the final resolution or explanation.
  • If you feel Big Buck Loans did not address your complaint adequately, you can file a complaint with the Consumer Financial Protection Bureau (CFPB).

Big Buck Loans values all feedback and strives to provide the best service possible. We encourage contacting customer service as the first step for any complaints or issues.

Alternatives to Big Buck Loans

Competing Lenders

Big Buck Loans is not the only option for those seeking personal loans or other types of financing. There are many competing lenders that offer similar products, often with different rates, terms, requirements, and features. Doing your research and comparing lenders is important to find the right loan for your needs and financial situation.

Some top competitors to consider include LendingTree, Prosper, LendingClub, Avant, BestEgg, Lightstream, SoFi, and Upstart. Like Big Buck Loans, these lenders provide personal loans, business loans, student loans, home loans, auto loans, and more. Take time to review and compare factors like loan amounts, APR, fees, eligibility, customer service, and loan terms across lenders.

Credit Unions

In addition to online lenders, credit unions are a traditional source for personal loans and other financing needs. Credit unions are member-owned nonprofits that often offer lower interest rates and fees compared to banks and other lenders.

To qualify for loans from a credit union, you typically need to become a member first. This involves opening a savings account and/or checking account with the credit union and maintaining a minimum balance. Credit unions have membership requirements related to location, employer, or associations.

If you’re eligible to join a credit union, it’s worth exploring their personal loan and lending options before turning to Big Buck Loans. You may be able to get better rates and terms.

Peer-to-Peer Lending

Peer-to-peer (P2P) lending platforms like Prosper, LendingClub, and Upstart connect borrowers directly with individual and institutional investors willing to fund loans. This disintermediation can allow for more competitive rates and terms.

With P2P lending, investors choose the loans they want to fund based on borrower details like credit score, income, employment, and loan purpose. Many P2P lenders cater to borrowers with good credit who want alternatives to credit cards or other high-interest debt.

P2P lending comes with some risks, as investors may fund only part of your loan request or late payments can damage your credit and future loan options. But for the right borrower, it can provide flexible personal loans at relatively low rates without traditional underwriting barriers.


What are the borrowing limits for Big Buck Loans?

Big Buck Loans offers flexible borrowing limits depending on your financial situation. For your first loan, you can borrow between $100 and $1,000. With timely repayments, you may qualify for larger loans up to $5,000.

How does taking out a loan from Big Buck Loans impact my credit?

Like most personal loans, a loan from Big Buck Loans will appear on your credit report. Making on-time payments can help build your credit score over time. Missed or late payments may negatively impact your credit. Big Buck Loans reports repayment history to the major credit bureaus.

What other common questions do borrowers have about Big Buck Loans?

  • What documents and information do I need to apply? You’ll need basic personal information like your name, address, date of birth, Social Security Number, income sources, and bank account details.

  • How long does the application process take? You can complete the online application in about 10-15 minutes. You’ll get a lending decision in minutes after submitting.

  • When will I get the loan funds if approved? Funds are deposited directly into your bank account as soon as the next business day after loan approval.

  • Are there any prepayment penalties? No, you can repay your Big Buck Loans personal loan early with no extra fees.

  • What are the repayment terms? Repayment terms range from 3 months to 3 years. Longer terms have higher interest rates.

  • Can I apply if I have bad credit? Yes, Big Buck Loans considers applicants with all credit scores, not just good credit. Lower scores may result in higher rates.

Let me know if you need any clarification or have additional questions to address!

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