Yes, we've already discussed how most lenders don't care about credit. When it comes to the best payday loans, as long as you have a regular stream of income. Having a low credit score means that you are a risky borrower and will be awarded higher interest rates. Your credit score is calculated using the FICO scoring system which ranges from 300 to 850. A bad credit score is anything between 300 and 580. The most important components that make up your credit score are credit utilization and payment history. To maintain and improve good credit, you must cover your bills and payments on time, as well as maintain a credit utilization rate below 30%. If you're employed and need money urgently, chances are you can find a lender that will give you the best payday loan. Just make sure you can deal with high-interest rates and less money on your next payday.