In times of financial emergencies, $255 Payday Loans Online Same Day can provide quick access to funds without the need for extensive credit checks. These short-term loans are designed to bridge the gap between paychecks and offer convenience and flexibility for borrowers.
However, finding a reliable payday lender can be challenging with the numerous options available. To help you make an informed decision, we have curated a list of the best $255 payday loans online, along with their unique features and benefits.
Best $255 Payday Loans Online Same Day No Credit Check
MoneyMutual – Up to $5,000 / Rating: 4.9/5.0 – Best Overall
VivaLoan – Up to $15,000 / Rating: 4.8/5.0 – Best for Payday Loans with Low Credit
ZippyLoan – Up to $15,000 / Rating: 4.7/5.0 – Best for Personal Loans for Bad Credit Same Day Approval
FundsJoy – Up to $5,000 / Rating: 4.7/5.0 – Best for Poor and Fair Credit
100Lenders – Up to $40,000 / Rating: 4.5/5.0 – Best for Same Day Funding Online
Continue reading to learn more about the top $255 online same-day payday loan firms with no credit check, including our favorite online marketplaces (such as MoneyMutual), how online payday loans operate, How to find the best 255 payday loans online, and a word on payday loan rules in every state.
MoneyMutual– Overall Best Payday Loans Online
No matter what kind of loan you need, from a $255 same day payday loan online to a personal loan for bad credit, MoneyMutual is ready to assist you.
Whether you have bad credit or need a same-day payday loan, you can connect with multiple lenders on the MoneyMutual platform who offer fair and flexible loans from $200 to $5,000 with APRs as low as 35.99%. You can choose a repayment term that suits your budget, up to 60 months, and avoid any hidden fees or penalties.
MoneyMutual makes it simple and safe to request a loan online. You just fill out a short form with your details and it will take you to lenders who can approve you in minutes. You can also access useful resources and tips on how to improve your credit score and manage your finances.
MoneyMutual is more than just a lending network. It’s a trusted partner that can help you overcome your financial challenges.
How to apply for a loan at MoneyMutual?
To apply on MoneyMutual.com, follow these steps:
- Visit the official website of MoneyMutual: moneymutual.com.
- A form requesting your name, address, Social Security number, bank account information, employment information, monthly income, valid email address, phone number, and bank routing number will appear.
- After completing the form, review your details to ensure their accuracy. After reviewing the information, submit the form through the website.
- MoneyMutual immediately reviews your information and connects you with lenders. These lenders will assess your application to decide if they can lend to you. Reviewing takes a few minutes.
- Your eligibility and financial situation will help which loan offers you receive, if any. Lenders may offer several loans.
- Carefully review the terms and conditions provided by the lender for each loan offer you receive. You have the choice to accept or decline the loan offer based on your needs and preferences.
- Once you accept a loan offer, the lender will proceed with the loan application.
- If you accept a loan offer, the lender will deposit the funds directly into your bank account.
Eligibility
- 18 years of age or older
- U.S. citizen or permanent resident
- Valid bank account
- Not a resident of Connecticut or New York
- Completed application through the MoneyMutual website
Highlights
- Loans from $200 to $5,000
- APRs up to $35.99%
- More than 2M customers to date
- Easy 5-minute online application
- Funds to your bank account in 24 hours
- Excellent source of near-guaranteed approval, bad credit loans
Fees
- No prepayment penalties
- No origination fees
- Late and insufficient funds fees vary by lender
Pros
- Loans from $200 to $5,000
- APRs up to 35.99%
- Hundreds of participating direct lenders
- 2MM+ customers to date
- Member of the Online Lenders Alliance (OLA)
Cons
- Not a direct lender
- Not all lenders equally transparent with rates and terms
- Not available to Connecticut and New York residents
Terms
MoneyMutual is a platform that connects you with lenders who can offer loans for bad credit, cash advances, and no credit check loans. You can get up to $5,000 in loan offers with APRs as low as 35.99%.
Each lender has its own policies regarding fees and charges, so make sure you read the terms carefully. For example, a $20,000 loan with a 34% APR and a 1-year term would cost you $23,871.65 in total ($3,871.65 in interest).
Your actual rate will depend on your credit score, income, loan amount, and state laws.
VivaLoan – Best for Payday Loans with Low Credit
VivaLoan is a reliable platform that can help you find the best lender for your next cash advance or payday loan online. You can get up to $15,000 in loan offers with APRs below 35.99% and repayment terms of up to 60 months (or more in some cases).
VivaLoan also offers fast and easy loan processing, flexible repayment options, minimal paperwork, and high approval rates compared to traditional lenders.
If you need cash urgently, VivaLoan is a great choice.
How to apply for a loan at Viva Loan?
To apply for a $255 Payday Loans Online Same Day at VivaLoan, follow these steps:
- Visit the official website of VivaLoan: vivaloan.com.
- To request a loan from VivaLoan, you need to fill out an online form on their website. You will be asked to provide some personal and financial information, such as your name, address, job, income, and loan amount. You can choose any amount between $100 and $15,000, depending on your needs and situation.
- You may also have to show some documents to prove your identity, job, and income. The lender needs this information to check if you qualify for the loan.
- After you complete the online form and documents, VivaLoan will match you with suitable lenders. The lenders will look at your application and give you an answer right away.
- If a lender approves your application, they will send you loan offers that fit your financial situation. Make sure you read the details of each offer, such as the interest rate, repayment terms, and any fees.
- If you like a loan offer, you can accept it by signing the loan agreement online. The loan agreement will explain the terms and conditions of the loan, and you should know them well before agreeing.
- After you sign the loan agreement, the lender will usually transfer the loan amount to your bank account. You may get the money as fast as the next business day, depending on the lender and your bank.
- You can choose from different repayment options with VivaLoan’s lenders. You can pay back your loan in monthly installments for up to 60 months, or you can opt for a short-term loan that you repay on your next payday. You can also boost your credit score by paying on time, as some lenders report to credit bureaus.
Eligibility
- Applicant must be 18 or older
- US citizen or permanent resident
- Minimum $800 in monthly income
- Valid bank account information (account/routing)
- Not a New York, West Virginia, or DC resident
- Completed application through the VivaLoan website
Highlights
- Loan from $100 to $15,000 at sub 35.99% APRs
- Flexible repayment terms of up to 60 months
- Loose eligibility criteria
- Transparent fee structure and terms
- Excellent source of emergency cash for poor credit, fair credit, and bad credit borrowers
Fees
- No origination or prepayment penalties
- Late and insufficient funds fees apply
Pros
- Loans up to $15,000
- APRs up to 35.99%
- Typical repayment terms from 12 to 60 months
- Speedy loan disbursement by the next business day
- Easy and intuitive online application
- Support for various loan purposes (e.g. debt consolidation, and medical expenses)
- Accessible 24/7
Cons
- No in-person branches or dedicated online support
- Not available to New York, West Virginia, or DC residents
- Not everyone is eligible for $15,000
- Mainly a source of unsecured loans
- Extensions and alternative repayment options may not be available
Terms
VivaLoans is a platform that helps you find lenders who can offer loans for bad credit and cash advances online. You can get up to $15,000 in loan offers with APRs as low as 35.99%. You can also enjoy flexible repayment terms, no hidden fees, and a fast and easy online application process.
To give you an idea of how much a loan from VivaLoans would cost, let’s look at an example: a $12,000 loan with a 34% APR for a year. In this case, the estimated monthly payment would be $811.89, and the total amount paid back would be $19,485.43, with $5,485.43 in interest.
To learn more about the loan terms offered by each lender, we suggest you visit their websites. Not all lenders will give you the loan amount you want, as the final approval depends on your financial situation, the lender, the state laws, and other factors.
ZippyLoan – Best for Personal Loans for Bad Credit Same Day Approval
ZippyLoan is an online platform that helps you find lenders who can offer loans up to $15,000 with APRs below 35.99%, a better option than cash advance places that charge high fees and interest rates. It works with borrowers with different credit scores, from poor to excellent, but especially those with bad credit.
ZippyLoan also offers a quick and easy application process that takes only a few minutes, saving you time and hassle. You can use ZippyLoan to find unsecured loans, not secured loans or loans that require a co-borrower or cosigner. You can use the loans for any purpose, such as home improvement or medical emergencies.
How to apply for a loan at Zippy Loan?
To apply at ZippyLoan, follow these steps:
- Visit the official ZippyLoan website: https://zippyloan.com.
- ZippyLoan does not offer loans directly but helps you find lenders who do. To do this, you will need to share some information about yourself, such as your name, address, social security number, phone number, work history, and bank account details. This information is not a loan application but a way for lenders to see if you are a suitable borrower.
- After you submit your information, ZippyLoan will match you with potential lenders on their platform. The lenders will look at your information and decide if you qualify for their loans. Remember that ZippyLoan cannot promise loan approval, as this depends on many factors such as your income, credit score, and state of residence.
- If a lender approves your application, they may send you a loan offer. You will get loan terms and conditions from the lender, and you should read these terms to know the details of the loan offer.
- After you get loan offers, compare the terms, interest rates, fees, and repayment options from different lenders. Think about your budget and pick the loan that works best for you.
- If you like a loan offer, you’ll need to finish the lender’s official application process. This process may require you to give more information or documents that the lender needs to verify your details.
- After completing the lender’s application, wait for their answer on loan approval. The lender will check your application and may do a credit check and other checks before making a final decision.
- If your loan application is accepted, the lender will give you the money based on the agreed terms. Make sure to read and know the repayment plan to ensure on-time payments.
Eligibility
- 18 years of age or older
- U.S. citizen or permanent resident
- Minimum monthly income of $1,000Not a NY, WV, OR, or DC resident
- Valid bank account, email address, and home address
- Pensioners, self-employed, gig workers, and part-time workers welcome
- Completed online application through the ZippyLoan website
Highlights
- Loans up to $15,000
- Competitive APRs up to 35.99%
- Soft inquiry upon loan form submission
- 256-bit SSL encryption for online data security
- Member of the Online Lenders Alliance (OLA)
- All credit types welcome
Fees:
- No origination or prepayment penalties
- Late and insufficient funds fees depend on the lender
Pros
- Loans up to $15,000
- APRs up to 35.99%
- No origination or prepayment penalties
- 256-bit SSL encrypted online form for data security
- No collateral required
- A wide variety of personal loan options are repaid as a one-time payment or fixed installments
- Transparent loan terms
Cons
- Not all lenders are equally transparent
- Limited control over loan terms
- Not available to residents of NY, WV, OR, or DC
- Higher than average interest rates and fees
- No dedicated customer support number or email address
- Potential for unsolicited marketing and spam from third-party aggregator partners
Terms
ZippyLoan is a platform that helps you find lenders who can offer loans for bad credit and cash advances online. You can get up to $15,000 in loan offers with APRs as low as 35.99%. You can also enjoy flexible repayment terms, no hidden fees, and a fast and easy online application process.
To give you an idea of how much a loan from ZippyLoan would cost, let’s look at an example: a $1,000 loan with a 32% APR for a year. In this case, the estimated monthly payment would be $98.47, and the total amount paid back would be $1,181.68, with $181.68 in interest.
To learn more about the loan terms offered by each lender, we suggest you visit their websites. Not all lenders will give you the loan amount you want, as the final approval depends on your financial situation, the lender, the state laws, and other factors.
FundsJoy – Best for Poor and Fair Credit
If you need money for an urgent expense, such as a medical bill or a school trip, FundsJoy can help you find the right loan. FundsJoy is a platform that connects you with lenders who offer loans from $200 to $5,000 with low APRs under 35.99%. This is a much better option than payday loans that charge 400% APR (or up to $30 for every $100 borrowed).
FundsJoy also offers flexible repayment terms for up to 60 months (some exceptions apply). There are no prepayment penalties, but some lenders may charge origination fees of up to 5%. However, you can avoid these fees by comparing different lenders with competitive rates and terms (many with no origination fees) that you can get from one loan request.
FundsJoy is a great choice if you want high loan amounts, low APRs, and a quick and easy online application that takes only a few minutes to complete.
How to apply for a loan at FundsJoy?
FundsJoy has a very simple and fast loan request process. First, go to the website and click the “Start Now” button to begin your online application. Next, enter how much you want to borrow, your work history, your contact/bank details, and other questions to check your eligibility.
After you complete your application, you will get at least three lenders who can offer you a loan. Then, take some time to compare each offer before agreeing to any loan terms.
Eligibility
- 18 years of age or older
- U.S. citizen or permanent resident
- Valid email, home address, and bank account
- Minimum monthly income of $800 a month
- Completed application through the FundsJoy portal
Highlights
- Loans up to $40,000
- Competitive sub-35.99% APRs
- Instant approval and next business day funding
- Easy 5-minute online application
- Generous repayment terms for direct personal loans
Fees
- No prepayment penalties
- Origination fees of up to 5%
- Late/insufficient funds fees vary by lender
Pros
- Loans up to $40,000
- APRs up to 35.99%
- Repayment terms up to 60 months
- Quick and easy online application
- Excellent source of same-day bad credit loans
Cons
- Not a direct lender
- Higher interest rates than cash advance apps
- Not all lenders will grant your desired loan amount
- No forbearance or hardship options
- No dedicated customer support line
Terms
FundsJoy is a platform that helps you find lenders who can offer loans for bad credit and cash advances online. You can get up to $5,000 in loan offers with APRs as low as 35.99%. You can also enjoy flexible repayment terms, no hidden fees, and a fast and easy online application process.
To give you an idea of how much a loan from FundsJoy would cost, let’s look at an example: a $4,400 loan with a 28% APR for a year. In this case, the estimated monthly payment would be $424.63, and the total amount paid back would be $5,095.52, with $695.52 in interest.
To learn more about the loan terms offered by each lender, we suggest you visit their websites. Not all lenders will give you the loan amount you want, as the final approval depends on your financial situation, the lender, the state laws, and other factors.
100Lenders – Best for Same Day Funding Online
If you need money for an urgent expense, such as a late bill or a car repair, 100Lenders can help you find the right loan. All the lenders on the 100Lenders platform offer loans from $100 to $40,000 with low APRs under 35.99% and no hidden fees or penalties.
Repayment terms go up to 60 months (some exceptions apply). You can request a loan online and get approved and funded on the same day or the next business day. It only takes two minutes to see if you qualify.
With 100Lenders’ large network of lenders and online security (bank-level 256-bit encryption), we highly recommend it for all your short-term cash needs.
How to apply for a loan at 100Lenders?
100Lenders has a simple and easy online application process. On the website, you will see the application button. Enter how much you want to borrow and have all the documents ready (e.g., work records and bank account/routing numbers for money transfer).
If you get approved right away, you should get the money in your bank account by the next business day if you meet a daily 5 pm weekday deadline. Try to avoid asking for loans on Fridays, holidays, or weekends for faster funding times.
Eligibility
- 18 years of age or older
- Government-issued photo I.D.
- Minimum monthly income of $800 a month
- Not available to residents of Connecticut, New Hampshire, Washington, and Vermont
- Former or current military personnel not eligible
- Completed application through the 100Lenders portal
Highlights
- Loans up to $40,000
- APRs up to 35.99%
- No collateral required
- No minimum required credit score
- Flexible loans with varying borrowing limits, interest rates, and repayment terms
Fees
- No origination fees
- No prepayment penalties
- Late and insufficient funds fees vary by lender
Pros
- Loans from $100 to $40,000
- Competitive APRs up to 35.99%
- An extensive network of legit direct lenders
- Easy and convenient online application
- Loan decisions in minutes
Cons
- Not a direct lender
- No dedicated customer support line
- Higher than average interest rates
- Not all lenders willing to extend desired loan amount
- Information may be shared with third parties advertising their own loan products and services
- Connecticut, New Hampshire, Washington, and Vermont residents are not eligible
What are $255 payday loans online same day?
$255 payday loans online same day are loans that help borrowers get quick cash for unexpected expenses. These loans are usually for small amounts, and the repayment is due on the borrower’s next payday. The ease of applying online and getting funds on the same day makes these loans a good option for people who need money urgently.
Understanding the repayment terms
The repayment terms for $255 payday loans online same day are usually based on the borrower’s next payday. The loan amount, plus any fees or interest, is taken out of the borrower’s bank account on the due date. It’s important to make sure that enough money is in the account to avoid extra fees or non-sufficient funds (NSF) fees.
Are $255 payday loans safe?
When you need to borrow money online, you want to be safe and avoid scams. To find a trustworthy lender who offers $255 payday loans, you should do some homework. Check the lender’s background, look at what other customers say, and make sure they have the right licenses and credentials. Also, confirm that the lender protects your privacy and data with secure technology.
Alternatives to $255 payday loans
If you’re considering options other than $255 payday loans online same day, several alternatives might be worth exploring:
- Personal installment loans
- Credit union loans
- Credit card cash advances
- Borrowing from friends or family
- Negotiating a payment plan with the creditor
The impact of $255 payday loans on credit scores
Your credit score won’t matter much when you apply for $255 payday loans, but it can change depending on how you repay the loan. If you pay on time, your credit score can improve. If you miss payments or default on the loan, your credit score can suffer. You should make sure you can afford the loan and pay it back promptly to keep your credit score healthy.
Tips On Improving Credit Scores Instantly
To qualify for better APRs, you need to boost your credit score. A 300 to 580 credit score won’t help you much.
Here are some tips to raise your credit score:
On-Time Payments
Paying on time every month is the most important thing you can do for your credit score, as it makes up 35% of your FICO score. If you have any late fees or collections, you can lower your score by 100 points or more. If you’re struggling to pay your bills, talk to your creditors and ask for hardship or forbearance options. They might let you change your payment plan or loan terms.
Remember that you have to be 30 days late or more for a missed payment to show up on your credit report.
Improve Credit Utilization Ratio
How much of your credit you use affects your FICO score a lot. It’s called credit utilization and it’s about 30% of your score. You should try to keep it under 30%. That means if you have $20,000 of credit, you should owe less than $6,000. If you have high credit card balances, pay them off as soon as you can.
If you have a lot of debt on high-interest credit cards, think about debt consolidation.
Use Credit Monitoring Services
We recommend using credit monitoring services like Credit Karma and Mint.com. Credit Karma gives you two free credit reports from Equifax and Transunion, which are updated every week so you can see your progress. It also shows you all your account activities, such as late payments and new accounts.
If you find any mistakes on your credit report, contact the creditor or the reporting bureau that made the error. It can take up to 45 days to fix a dispute.
Consider Debt Consolidation
Debt consolidation lets you combine several debts into one loan with a lower monthly payment. This makes it easier to avoid missing a payment, which can lower your credit score by 50 points or more. Plus, debt consolidation gives you a lower interest rate, so you pay less interest over the loan term. This way, you save money and boost your credit score at the same time.
$255 payday loans Frequently Asked Questions
Yes, $255 payday loans are available online through various lenders. The online application process allows for convenience and quick access to funds.
To get a $255 payday loan, you usually need to be 18 years or older, earn a regular income, and have a working bank account.
Yes, individuals with bad credit can still be eligible for a $255 payday loan. These loans focus more on income and employment stability rather than credit scores.
The repayment period for a $255 payday loan is typically tied to the borrower’s next payday. It’s important to review and understand the repayment terms before accepting the loan.