When you need urgent cash in your bank on the same day or next business day, and you also have a bad credit score, one of the easiest ways to get a cash advance is by applying for a payday loan. In several states in the US, taking a payday loan before the salary date is legal.
Some direct lenders provide quick online payday loan with no need for faxing documents, Teletrack, or credit checks. This type of short-term loan is for two weeks to 30 days, repayable on the next paycheck date.
However, sometimes your financial needs may not end with one payday loan, and you may find yourself in a situation where you need more cash advance. So, the question is – where can I get a payday loan if I already have one. Let’s probe deeper into it.
Upon research, we found that you can take out multiple payday loans at a time from various direct lenders if needed. You e lender if they allow. However, let’s not forget that if the lender approves you to take several cash loans at once, this is not a favorable idea because the interest rates are high.
Instead of taking multiple cash loans that you will need to repay quickly with high-interest rates, consider opting for other alternatives such as borrowing money from members in the family, an auto title loan, part-time job, credit from the employer, and so on.
How Many Payday Loans Are Allowed at One Time
The number of payday loans allowed at one time directly depends on the state laws and the lender’s discretion. The lender set many restrictions on the amount of money he provides as a loan at a time. The lender has the right reserved to decide how much credit to give to an individual.
In some cases, if you choose a short-term loan. The direct lender may allow as many as four different loans at a time. Those who are existing customers of credit giving companies and have a stable job can find it easier to apply for a second payday loan.
However, you must bear in mind that when you apply for a second payday loan, the lender may run your credit check to see how much you are capable of repaying, depending on your job. Based on this, they will decide whether or not they will give you a loan.
You should also not forget that payday loans are quick, and short-term loans to get emergency cash. It is not a long-term loan; hence the rate of interest is very high. Thus, you must consider a second payday loan when you already have one only if you have already exhausted the other ways.
Taking payday loans one after another may harm your credit score. Furthermore, it gets costly when you have to pay back the total loan amount from your salary. It may end up becoming a long-term financial disaster for you.
What Are Other Alternatives to Taking Second Payday Loan
When you already have a payday loan, taking a second loan from the same or another direct lender can put you in a tough situation. While it is possible to get 
more than one loan, the inability to repay on time can put you in a lot of trouble.
You would not want to get numerous calls from debt collectors or live under the stress of how to manage your finances. So, no matter how tempting it feels to take out a second payday loan, resist the temptation, and look for other ways to fulfill your credit requirement. We have suggested some ways.