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5 Best $255 Payday Loans Online Same Day Approval: Borrow Money Instantly From Bad Credit Loan Companies In 2022

Unexpected financial emergencies cause stress. The reality is they always happen when you run short of cash, but luckily there are companies that exist with this kind of purpose to help you get a payday loan fast. Payday loans are one of the most commonly used solutions for borrowers with below-average credit scores who don’t want to jump through the hoops of a traditional bank loan.

Since most of the time, loan lending companies often provide somewhat large loan amounts for payday loans, it might not be convenient for you to borrow $1000 if your expenses cost only one-third of that amount.

So if you are looking for the best $255 payday loans, these are the loan providers you can turn to for reliable and secure borrowing. 

List Of Online Payday Lenders For Fast Cash Advance

  1. MoneyMutual: Overall Best $255 Payday Loans Online; Guaranteed Approval
  2. BadCreditLoans: Get Loans For People With Bad Credit From Top Online Lenders
  3. CashAdvance: Recommended For  Same Day Payday Loans For Bad Credit

#1. MoneyMutual: Overall Best $255 Payday Loans Online; Guaranteed Approval

MoneyMutual is the leading networking site that connects short-term lenders with borrowers needing a loan. The company mainly caters to people that have difficulties obtaining any type of loan with traditional lenders, and especially everyone that seeks small loan amounts like $255 payday loans.

The service is free, and the loan process is completed via an online application on their official website. All individuals that face a financial emergency can file out an application any time of the day, even on weekends and holidays. 

This lending service has managed to maintain an impeccable reputation for working around the clock and having thousands of satisfied clients that have managed to obtain a loan with more convenient rates than banks or other credit unions.

According to theislandnow, MoneyMutual also specializes in various other loan types for different types of expenses, including personal loans, installment loans, cash advances, auto loans, mortgage loans, and more, ranging from $200 to $5,000.

If you have any questions regarding the loans, you can contact their customer team by email form or phone call. It’s important to mention that customers will never receive phone calls for collecting funds, and neither will the company remove funds from their account. 

Platform highlights

Straightforward application process and fast approval

MoneyMutual works as a middleman to connect individuals that seek short-term loans with professional loan lenders that can meet their financial requirements. This means that the company isn’t a lender itself. Instead, they can help you get access to money immediately and save time from searching around.

According to the provided information, the site logarithm will match you with lenders that will present you with loan offers and all the additional charges of the loan like the interest rate, APR, and other charges. Generally, the applications are reviewed in a couple of minutes, and if you and a lender reach a mutual agreement, they will transfer the funds in approximately one business day. 

Basic loan requirements 

The loan requirements are generally very flexible and not too demanding. The applicants must be of legal age and be permanent citizens of the U.S. They need to have a steady income from regular employment or other sources. 

MoneyMutual requires at least $800 of income every month without any restriction on the source, as it can be from regular employment, pension, disability benefits, social security, etc. 

MoneyMutual states that they won’t contact your employer; however, the lenders often will. 

Highly flexible and convenient loan terms

Applicants aren’t necessarily obligated to accept any loan offer if they don’t correspond to their requirements and can cancel the application at any time without facing negative points on their credit score. 

Even if you aren’t eligible for a loan, the platform can offer you additional loan alternatives that might be more appropriate for your financial stance, including secured loans, co-signer loans, and debt consolidation. 

The lowest amount of payday loans is generally suitable for all individuals as they have a short repayment period of only two weeks and are quicker to be transferred into a checking account. Also, they can be the easiest loan to qualify for if you have a poor credit score. 

Industry-standard fees

Since MoneyMutual doesn’t charge anything for their service, you should expect the lenders to do so. Usually, payday loans only require small fees, so you can expect an average of $15 to be added on top of every $100 you borrow. 

When it comes to the loan’s interest rates and APR, they usually depend on the lender and the loan amount you are borrowing. For payday loans of $255, the fees can vary from 5.99% to 35.99%. 

The loans can be used for any expense, from unexpected bills to groceries and car repairs, as the lenders don’t require proof of what you need the loan for. 

Additional resources on managing finances

MoneyMutual isn’t just a loan lending place; they offer a lot of free content on their service about how to qualify for better loan terms and improve your credit score. Additionally, they offer legal advice on debt consolidation and how to become more responsible in managing your finances and spending more rationally. 

You can work with the lender for everything concerning your current financial situation as they are qualified to help you find the best solution for your debt and expenses. Every lender is properly licensed in the state where they operate by the Department of Financial and Professional Regulation. 

Full encryption protection

The biggest evidence of MoneyMutual’s legitimacy is the fact that they are part of the Online Lenders Alliance that guarantees the platform only works with reputable and trustworthy lenders. 

MoneyMutual takes care of the security of their clients, so their personal and financial information is full protection. They use the superior Norton encryption system that ensures all the user data is kept private and safe. 


  • Reputable loan lending marketplace 
  • Highly trustworthy and secure money lending system
  • Fast funds transfer
  • Basic eligibility criteria
  • Minimum loan amounts of $200
  • Industry-standard rates
  • Flexible repayment terms 
  • Collaborates with over 140 legitimate lenders
  • Transparent terms 
  • Safe and reliable 


  • The company cannot interfere in the negotiations between the borrower and the lender

=> Click here to visit the official website of moneymutual

#2. BadCreditLoans: Get Loans For People With Bad Credit From Top Online Lenders

Being in a financial emergency while having a bad credit score is not at all an easy situation, and it can be limiting when it comes to finding a solution. BadCreditLoans is one of the most well-known companies that exists with the purpose of helping individuals with credit scores below average borrow a loan that will help them resolve their financial issues.

The platform offers a variety of loan types starting from $255, with the opportunity to obtain up to $10,000. BadCreditLoans boasts an extensive range of loan lenders that look forward to collaborating with all clients regarding their credit limitations. They can also assist you in making the best financial decisions and avoiding risks in the future by spending money wisely. 

The application process is seamless and only takes a couple of minutes to be completed, and you can do it online via the company’s official webpage. Generally, the applications are reviewed in a couple of minutes, and you’ll be matched with the lender immediately. 

One of the most crucial points that play an important part in BadCreditLoans‘ integrity is their transparency, as they provide all the important details regarding the eligibility criteria and loan terms on their website. This will benefit you if you apply for a loan for the first time. 

Platform highlights

Seamless application and approval 

No one better than BadCreditLoans understands that time is valuable when you are facing a financial emergency, which is why they have created a simple and quick application process that only takes a few seconds to be completed. 

You can access the application through the company’s web page and wait for it to get approved. Since the whole process is done online, you’ll communicate with the lender about the entire loan process through their official website. They would never contact you personally throughout the repayment time, as the company strongly forbids that action. 

Very basics eligibility criteria 

As it’s mandatory with all money lending businesses, you must have a legal age, steady income, and proof of income. Also, the service requires you to be a permanent citizen of the U.S. 

Payday loan lenders don’t necessarily rely upon your credit score, as they take into consideration multiple factors to determine the loan conditions. For taking out a loan of $255, the requirements aren’t as rigorous as with the other loan types, so the chances are that you will get approved on the same day. 

Multiple loan offers and freedom of choice

Since BadCreditLoans has the largest number of loan lenders on the market, you can expect to be presented with multiple loan offers. 

Since every lender can set its terms and conditions, you’ll be able to compare the offers before you accept one. This is especially convenient since you’ll be able to choose the offer that suits you the most.

Most lenders are open to negotiations, so you can discuss the loan repayment terms and additional charges according to your budget. Once you reach a mutual agreement, the lender will proceed with transferring your funds to your bank account. 

Competitive rates for the payday loans 

BadCreditLoans isn’t a direct lender and doesn’t provide unsecured loans, which is why all the loan providers have the freedom of setting their own terms. 

The interest rates for personal loans range between 5.99% and 35.99%; however, the APR depends on the details you have supplied and the lender’s evaluation of your application. Throughout the loan process, you’ll be presented with every aspect of the loan payment and all the additional fees. 

Usually, every lender calculates the loan terms depending on your credit portfolio and financial stability. Payday loans are usually more expensive since they are short-term loans and the repayment period is very short. 

No effect on your credit score

Even if your loan application gets turned down, your credit score won’t be affected negatively. What’s even more advantageous is that if you agree to take out a loan and make your repayment timely, the lenders will report your responsible repayment behavior to the three major credit bureaus, which can help you gain improvement on your credit score.

On the other hand, the platform offers a variety of financial solutions for any expenses when the applicants don’t satisfy the loan criteria, like cosigner options, cash advances, and secured loans. 

Exceptional confidentiality and security protection

BadCreditLoans has an impressive rating by the BBB which means that the company has the whole trust of its customers when it comes to its service. Every aspect of the loan lending process is rigorously protected and kept highly confidential between the lender and the borrowers.

In order to prevent third-party access, the company uses a superior protection system to ensure their client’s privacy is on the highest level. 


  • Apply for a loan with no cost or obligation
  • Low eligibility criteria 
  • Applicants with bad credit might get accepted 
  • Simple application process
  • Fast funds transfer 
  • Responsible lending practices
  • Additional educational resources on loan lending 
  • Loans as small as $200 
  • Trustworthy and reliable 
  • Licensed lenders 


  • Only operates in the U.S. 

=> Click here to visit the official website of badcreditloans

#3. CashAdvance: Recommended For  Same Day Payday Loans For Bad Credit

CashAdvance is a loan lending marketplace that’s been a part of the Online Lender Alliance, a well-known trade association whose members follow a list of the practices that ensure their clients get the best and most trustworthy service. 

Cash advance collaborates with a large network of lenders, so when you apply, you get matched with a loan provider who will send you the corresponding loan offers that can help you resolve your financial emergency. You can choose the lender you want to work with and negotiate your terms to reach a mutual agreement. However, if you only satisfy a few of the eligibility requirements, you must be aware that the loan might be more expensive. 

The website of cash advance is very simple but informative. You can find many details on how to make the loan repayment easier for you and what other services might help you improve your credit score and regain financial stability. 

If you are looking for the best $255 payday loans, cash advance offers the most flexible terms when it comes to the repayment time frame. It’s important to mention that you aren’t obligated to accept any offers, and you can cancel the application without affecting your credit score. 

Platform highlights 

Seamless application process and approval

CashAdvance can save you from the hassle of going from one lender to another as you can access many loan options depending on what you want to spend your money on. Payday loans are the most advantageous option for covering necessities like paying rent, covering medical expenses, scholarships, etc. 

Like the other two loan lending platforms, CashAdvance also operates online, and the application process only takes a few minutes to complete. After completion, the lenders will present you with the loan terms, including the interest rates, monthly payments, repayment terms, and late fee payments. 

Accepting the loan is up to you. If the platform doesn’t connect you with a lender, they can give you additional help and connect you with a debt settlement company or debt repair. 

Few eligibility requirements

To be able to get a loan from CashAdvance, you’ll need to be at least 18 years old and a U.S. citizen. Additionally, you need to be in your employment place for at least 90 days and agree on a background check for the lender to verify your employment.

You’ll also need to provide a valid checking account, work and home phone number, and email address. After completing the application, it will take shortly for the platform algorithm to match you with a lender or other loan lending service that corresponds to your requirements. 

Short-term loans for all kinds of expenses

Once you are approved, you can search through multiple loan offers. Every loan can have different terms and additional fees since every lender has the right to set the loan conditions independently. The repayment term of the loans can depend on the loan amount. However, short-term payday loans have a due period of only two weeks. 

So, if you are unable to make the repayment on time, you can contact your lender and request an extension. The lender might agree to give you an extra period; however, you should be aware that most of the time, they’ll require additional charges. 

Special terms for borrowers with poor credit score

The part where CashAdvace excels is they offer special terms for their borrowers with poor credit. So if you are unable to acquire a loan from a credit union or a bank, the platform can assist you in receiving funds quickly when you are in a tight financial spot. 

CashAdvance is entirely transparent with the loan terms, so you’ll be informed about the entire loan price before you make the decision.

Fully licensed lenders

CashUSA is fully licensed and complies with federal laws. The lenders have to follow certain rules in order for the borrowers to be fully protected from harassment. The lenders have no right to pursue the borrowers, and if they fail to repay the loan, the debt will be transferred to the credit bureau.

Most importantly, their information is kept private and continental between the two parties, so there is no other than the lender and the borrowers involved. The lenders are also eligible to give financial advice to help you improve your credit score faster and easier. 


  • Fast loan funding service
  • Flexible loan conditions for bad credit applications
  • Strict security measurements to protect your data 
  • Small loans for all kinds of expenses 
  • The loan process is entirely online
  • Fast application approval 
  • Free of charge service 
  • Few eligibility requirements 


  • You must be employed to borrow a loan 

How We Selected these Loan Companies Of Online Payday Loans

Since there has been a high demand for loans in recent years, plenty of loan lending companies are on the market now. However, not many of them offer the same loan terms and have similar eligibility criteria, which is why it’s very difficult to find a reliable lender. 

We understand the struggle of obtaining a loan when you are in an emergency, and you don’t have much time at your disposal to look for reliable lending businesses online. In order to make it easier for you, we have evaluated multiple companies to select the best and most trustworthy options for them all. 

These factors played the most significant part during our selection: 

Loan amount

Since we are talking about a relatively small loan amount, not all lending marketplaces offer loans as much as $255. Most of them have a minimum range of $500 and $1000, which might not be a suitable loan amount for most individuals that look for a payday loan.

This is why the first thing we looked for ways to find which loan lending companies offer that small loan amounts. We have found only three reliable companies that work with these loan sizes. 

Bad credit score

One of the biggest problems most individuals looking for a loan face today is the inability to be approved for a loan because they have a bad credit score. Local credit unions just don’t want to collaborate with applicants that have a credit score below 500, which poses great limitations when you are trying to acquire fast cash. 

However, we found that there are few loan lending marketplaces where the credit score doesn’t necessarily play a vital part as the lenders often look for additional resources to evaluate the borrower’s financial credibility. 

Fast approval process

Facing a financial emergency can be stressful, so we wanted to find loan lending companies where the application process and the fund transfer are quick and simple. 

We understand that no one wants to bother with filling out tons of paperwork and waiting days for their application to be reviewed and receive an answer. All of the loan lending businesses we have reviewed work online, and the funds are mainly transferred in just one business day after you and the lender reach a mutual agreement. 

Company reputation and flexibility

The company’s way of work was especially important for us as it presented their reliability with other customers. We wanted them to be flexible to accommodate various client cases where they had more critical financial situations and needed more convenient terms for their loans. 

We’ve employed precise parameters to determine which businesses had the most success and generally positive experience with their customers. We have analyzed whether each provider is considering working with unemployed applicants or those with a below-average credit score. 

Transparent way of work

As we have mentioned before, not all loan lending companies are reliable and trustworthy, and most of them include a slew of hidden terms and conditions that you might not be aware of initially.

We precisely looked for businesses that are upfront and honest about their way of work and present all the loan terms and charges before you accept the loan. We have also featured those businesses that inform you about any additional charges in case of a change in the repayment plan or you return the loan before the agreed period. 

Customer security and privacy

This is certainly one of the vital aspects of the company’s credibility that determines whether clients can rely on their service or not. 

We have strongly avoided those platforms that don’t follow the rules of the industry to protect their clients from potential fraud and their data privacy. We only wanted to work with those companies that take rigorous security measures to protect the client’s personal information from stealing. 

We checked whether their website has encrypted data security, preferably the SSL 256-bit. 

Advice on What to Avoid When Getting Payday Loans 

All types of loans come with certain downsides, which you need to be aware of before you agree to take one. Some of the most important things you need to pay attention to are the hidden fees, unfixed interest rates, and other pitfalls that might not go in your favor.

So if you decide that a payday type of loan can help you resolve your financial emergency, ensure you get all the necessary knowledge on the most common dangers of this type of loan. 

According to the financial expert’s advice, these are some of the things you need to avoid:

  • Skip reading the loan terms

Once you find a suitable loan offer, you might become too excited to sign the contract immediately and end up not reading all the loan terms. This is something you should strongly avoid. Some loan providers include complicated interest rates, hidden fees, and other not known charges in an attempt to confuse the borrowers. 

If you don’t have much financial knowledge and these things sound confusing to you, take your time to carefully revise all the loan terms and talk with a professional first. Some loans might look like they are a good option and first but become more expensive over time. 

  • Making late payments

One of the most devastating dangers when it comes to loans is making late monthly payments. This action can get you in much bigger debt than what you initially had to repay. You might end up paying hundreds of dollars in late fees, defaulted payment fees, processing charges, and missed loan payments. 

Even though some of the lenders are more considerate and might offer you an extension to repay the loan, that can cost you high-interest rates and increase the total loan amount you need to pay. Before you agree to take out the loan, you must make a precise financial plan on how to return the debt.

  • Consider other less expensive loan options

Payday loans are intended to help you during a difficult financial season, which is why the repayment period is short. They are usually much faster to be approved than the traditional loans from banks and credit unions. 

However, this is another reason why they are more expensive, so this is why you need to consider whether there are other alternatives much more affordable and convenient for your financial condition. 

Some of the other options can include cash advances, personal loans, employer advances, or emergency funding. 

Suppose you’ve already considered all the options mentioned above, and they are not applicable to your situation. In that case, you can consult with a financial expert to give advice on how to minimize impulse shopping expenses. Also another option is to consider selling old unused possessions to a pawn show to get cash in return without paying high-interest rates. 

  • Avoid borrowing from unlicensed lenders

The reality about the loan lending market is that it’s filled with tons of unlicensed lenders that are preying on individuals in bad financial conditions. Often they try to lure the borrowers with no extra charges and fast loan approvals to get them into a debt trap. This is why you need to consult with a financial advisor before you consider accepting any loan offer.

Instead, check the lender’s license and whether they have the authorization to provide loans. Unlike the unlicensed lenders, they state all the loan chargers right at the start and don’t promise something that sounds too good to be true. 

  • Beware of getting trapped in a debt cycle

A great number of loan borrowers have a roll over their loans. When you roll over a loan, you pay an additional fee to extend the repayment period, which can result in you not having enough money to repay the loan and fall into the dreaded debt cycle. 

In order to avoid getting an in-debt trapped cycle, make sure you repay your payday loan in full once the due date comes. You can also work with a payday lender that doesn’t offer rollovers or instead work with a loan lending service that offers extended repayment terms. 

FAQs On Small Payday Loans Online No Credit Check

Q1. How do payday loans work?

Payday loans are another term for a cash advance, installment loan, or personal loan. All of them work in the same way. In order to apply for one, all you need to do is fill out an online application through any of the above-mentioned platforms. You need to provide information about your monthly income, employment, and loan size requirements. 

Then you’ll be contacted by the available lenders that will present you with loans with varying interest rates and terms. Once you complete the loan process, your money will be transferred to your bank account. 

Q2. Is it necessary to have a bank account to get a payday loan?

Yes, it is. In order for the lender to be able to transfer the funds and then get repayment of the loan, you’ll need to have a valid checking bank account registered in your name. Additionally, you must be at least 18 years of age and a citizen of the U.S. 

The other eligibility requirements might depend from one lender to another, and usually, they require you to have at least $800 of monthly income. Since the repayment is made via balance withdrawal, it’s going to save you from exorbitant late fees and will ease the entire payback process. 

However, make sure that your checking account has access to funds, so the lender will be able to withdraw the money on time. If you don’t make the repayment timely, you will be charged a late repayment fee. 

Q3. What are the advantages of getting a payday loan?

Platforms that provide online payday loans serve the purpose of helping you get access to fast cash whenever you are in an emergency, and you cannot borrow a loan from a regular lender. 

Unlike credit unions and banks, online lenders don’t require filling out a physical application, as the entire loan process is completed via e-form. Generally, the application is reviewed within the same day, and the lender transfers the money within one business day.

Some of the other important advantages of payday loans include. 

It’s convenient and hassle-free

When you find yourself short on cash, you don’t have much time to go from one lender to another and fill out many applications to get a loan. With online loan lending companies, you can apply for a loan from your own home and receive multiple loan offers that correspond to your needs. Most of the time, the lenders are flexible enough to offer you reliable terms to make the whole situation easier. 

It’s fast

Borrowing a loan from an online lender is much faster than doing it from a physical loan lending marketplace. Also, the process tends to be short since the application is reviewed by the computer system, which takes no more than ten minutes in general. 

Also, most of the time, the loans are transferred onto the borrowers’ bank account in as few as 24 hours, so you can spend the money fast when you find yourself in an emergency. 

Multiple loan options 

Online loan lending companies offer a broad range of loan options than you can get from an in-person lender. They collaborate with dozens of lenders so applicants can find suitable loans according to their necessity. Using one of these networks can significantly ease the process of finding covenant loan terms and get the most flexible terms to suit your expenses. 

Q4. Can I get a payday loan if I have bad credit?

Online loan lenders don’t necessarily rely on your credit score alone while evaluating your eligibility; moreover, some of them advertise loans, especially for clients who have a below-average credit score. However, you need to keep in mind that usually, these types of loans come with high-interest rates. 

As long as you have a stable source of income, rather than from employment or other, and the lender thinks you’ll be able to return the loan, they will consider collaborating with you. 

Q5. Is it possible to get an instant payday loan?

There are no lenders, neither in person or online, that are able to provide you with loans almost immediately. All of them take at least a few hours or one day to review your application and evaluate your loan eligibility. Also, the transfer of the funds onto the bank account takes a certain amount of time, often a certain amount of time. 

If any lender claims that they offer funds instantly, the chance is that they are trying to scam you. 

Q6. What are the risks of taking an online payday loan?

As you are probably already aware, taking any kind of loan is risky. First, the biggest risk is that you won’t be able to repay the loan in full, which might result in paying very high-interest rates and fees. 

Secondly, it might be especially difficult for you to get rid of the debt, which can result in lowering your credit score. You might have to consider getting another job to get more money or consider other sources to borrow a loan so you’ll be able to pay off your debt. 

Q7. Can I get a payday loan if I’m already in debt?

Generally, yes, you’ll be able to get a loan if you are already in debt. However, you’ll only be able to qualify for a small loan amount. Having bad credit and a significant amount of debt might only qualify you for as much as $200 or $300 of the loan amount.

In this case, you might want to consider other loan options that come with much more flexible repayment terms and low-interest rates. 

Concluding On The Best Instant Payday Loans Online Guaranteed Approval

If you are looking to get cash in an emergency, payday loans for bad credit are the best option for any type of expense, and they are also recommended for everyone with bad credit. There are a lot of payday companies, and we have selected the top three of them where you can get the best $255 payday loans.

However, since these types of loans are unsecured, they might come with high-interest rates, so it’s advisable for you to make a proper financial plan beforehand to avoid facing bigger debt issues in the future.