CONTRIBUTED CONTENT — Payday loans offer you a quick and stress-free way out of a financial problem by giving you easy and fast access to cash. What more? You can be eligible for payday loans even if you have a bad credit score. 

Luckily, you don’t have to worry, as our detailed review covers 10 of the best payday loans available to you at your convenience. This way, you can make the best choice for your financial needs. Want to know more? Keep reading. 

Best payday loans: Quick overview

• MoneyMutual: Best payday loan service – apply to get fast cash. 
• Viva Payday Loans: Best for its quick approval and funding process – apply now and get funded today!
• BadCreditLoans: Best for bad credit. 
• 247FastFunds: Best for excellent customer service – apply now for immediate approval. 
• CashUSA: Best for multiple lender options.
• Loan Assist USA: Best for high loan limit.
• Main Street Loans: Best for flexible loan amounts.
• PrismLoans.com: Best for minimum eligibility. 
• 247creditnow: Best for their ability to match borrowers and lenders.
• PersonalLoans.com: Best for clear application process.  

MoneyMutual: Best payday loan service – apply to get fast cash today!

MoneyMutual is one of the leading payday loan providers that offer fast loans. They have a large network of lenders that they can connect to borrowers based on the borrower’s specific information. 

Because MoneyMutual has a vast network of lenders, it’s easier for individuals who are looking to borrow on their platform to find the right lender and the right loan with requirements tailored to them and their financial situation. 

Borrowing from MoneyMutual involves a simple application process where the borrower submits their required personal information and gets loan offers within minutes. That way, a borrower can choose the best option for their needs without feeling limited.  

Pros

• Wide network of lenders.
• Quick and easy application process.
• Fast funding.
• No collateral required.
• Bad credit is accepted.

Cons

• Not available in all 50 states.
• Loan amounts of $3,000 and above can often have high interest rates.

Loan amount

Borrowers can get from $200 to $5,000 on MoneyMutual depending on their eligibility and the specific terms of the lender. 

Why we chose it

We chose MoneyMutual as the best overall payday loan option for this roundup because it has a wide network of lenders, offers fast funding and their application process is very quick. With these factors, it’s convenient for borrowers to assess cash fast, especially in emergency situations. 

How to apply

To apply for a payday loan through MoneyMutual, a borrower has to visit their website and complete the online application form. The form requires only basic personal and financial information about the borrower.

After submitting the information, the borrower will receive multiple loan offers from several lenders, which means that they can choose what’s most suitable for their needs. 

Eligibility criteria

Before you can apply for a MoneyMutual loan, you must be a citizen of the United States, be at least 18 years old, earn a minimum of $800 monthly and have a valid checking account that you can use to receive your loan.  

Summary

MoneyMutual offers fast feedback, so getting a loan from them is easy. The company also has stellar reviews on Credit Karma and Consumer Affairs, with most reviewers rating it at least four stars.

MoneyMutual further guarantees that every customer has a secure transaction on their website right from when they start to apply. Plus, they ensure that you get your loans within 24 hours!

Viva Payday Loans: Best for its quick approval and funding process – apply now and get funded today!

If MoneyMutual doesn’t seem like an exact fit for you, Viva Payday Loans is another reputable payday loan provider that offers quick and easy access to cash. Their online application process is straightforward, and it takes only one business day for you to get the money you applied for.

Viva Payday Loans also provides borrowers with a very flexible repayment option, and the entire loan application process is stress-free.  

Another attribute we love about Viva Payday Loans is their transparency and responsible lending. They consider your financial well-being right from borrowing to repaying. 

Pros

• APR begins at 5.99%.
• Easy online application.
• No collateral required.
• Flexible repayment options.
• Viva accepts all FICO scores.
• Their repayment terms are individually tailored.

Cons

• Loan conditions are based on the borrower’s state, the type of loan and the availability of the loan.

Loan amount

With Viva Payday Loans, you can get loans ranging from $100 to $5,000.

Why we chose it

We chose Viva Payday Loans as No. 2 in this roundup because they offer an easy online application, a quick approval and funding process and flexible repayment options. If you’re in need of quick cash, they’re definitely a wonderful option. 

How to apply

Applying through Viva Payday Loans is similar to applying through MoneyMutual. First, you need to complete an online application form on their website that will require your basic personal and financial information.

Once you submit this information, you will receive multiple offers from different lenders that match your profile. Then you can choose the best option for your needs.

Eligibility criteria

To qualify for a Viva payday loan, you must be at least 18 years of age and be a U.S. citizen or a permanent resident of the U.S. at the time of application. You must also earn at least $1,000 per month and own a valid bank account that allows direct deposit. 

Summary

Viva Payday Loans provides a quick and trustworthy option for borrowers. They have a reputation for reliability and offer a range of quick loans to suit your specific needs. 

Viva Payday Loans also has an easy approval process that ensures swift access to funds, making them a go-to choice for you if you’re in need of a quick financial solution.

BadCreditLoans: Best for bad credit – apply now to secure your loan!

BadCreditLoans specializes in what they call themselves – bad credit. Their service is simple. If you have very bad credit, such that you can’t find any payday loan provider, BadCreditLoans will help you find a lender. With BadCreditLoans, you don’t have to worry about your less-than-perfect credit history. 

BadCreditLoans also offers a simple online application process and a fast funding process if you’re in need of immediate cash. Their website is user-friendly and seamless as well.

Pros

• Specializes in bad credit loans.
• Easy to sign up.
• Loan application is completely online.

Cons

• Interest rates are exorbitant.
• Not available in all 50 states.

Loan amount

BadCreditLoans offers payday loans ranging from $500 to $10,000.

Why we chose it

We chose BadCreditLoans as one of the best payday loan options due to its specialization in bad credit loans, easy online application process and wide network of lenders. These factors make BadCreditLoans a reliable choice for borrowers with poor credit who need fast cash.

How to apply

To apply for a BadCreditLoan, the borrower must complete their payday loan application on BadCreditLoans’ official website. BadCreditLoans will send qualification information within minutes, and then the borrower can evaluate and compare the loan offers.

Eligibility criteria

BadCreditLoans requires basic information for eligibility, including the borrower’s phone number, proof of citizenship or legal residency, checking account, valid income proof and a real email address.

Summary

BadCreditLoans offers versatility and bridges the loan gap by allowing people with very bad credit scores the opportunity to borrow. Despite dealing with people who have bad credit, BadCreditLoans still offers numerous loan options, enabling competitive interest rates and a transparent application procedure.

247FastFunds: Best for excellent customer service – apply now for immediate approval!

When time seems vital and you need to access fast loans, 247FastFunds can help meet your financial needs with quick and easy access to cash. They have a user-friendly website and a streamlined application process, making it convenient for borrowers to apply for a loan.

The company has a strong reputation for providing reliable and efficient service to their customers, making them a popular choice for those seeking payday loans in 2024.

Pros

• Fast approval process.
• Flexible loan amounts.
• No credit check required.
• Secure and confidential.
• Excellent customer service.

Cons

• High interest rates.
• Short repayment terms.
• Limited loan amounts.

Loan amount

247FastFunds offers payday loans ranging from $100 to $5,000, depending on the borrower’s eligibility and state regulations.

Why we chose it

We chose 247FastFunds as one of the best payday loan options because of their fast approval process, flexible loan amounts and excellent customer service. They prioritize the security and confidentiality of their customers’ information, providing a trustworthy and reliable service.

How to apply

To apply for a payday loan with 247FastFunds, borrowers can visit their website and complete the online application form. Based on the information provided, they’ll be paired with a suitable lender.

Eligibility criteria

To be eligible for a payday loan with 247FastFunds, borrowers will need to provide proof of stable income, active bank account details and proof of citizenship or residency permit. They must also be at least 18 years old.

Summary

247FastFunds is a reputable payday loan provider that offers quick and easy access to cash. They have a user-friendly website, flexible loan amounts and excellent customer service. If you’re looking for a payday loan that offers guaranteed approval, 247FastFunds is a good choice. 

CashUSA: Best for multiple lender options – find your perfect loan today!

CashUSA stands out as a great option for people looking to get a payday loan. They make applying really easy, showing they care about making their customers happy. CashUSA is well-known and trusted when it comes to payday loans, and it’s still a go-to place in 2024. 

They work with many lenders who can lend up to $10,000, giving lots of choices to those who borrow from them. Plus, they take extra steps to keep all your personal and money details secure, making sure you have a worry-free experience when you borrow money.

Pros

• Multiple lender options.
• Fast funding.
• Secure online platform.
• No application fee.
• No prepayment penalties.

Cons

• High APR.
• Not available in all states.
• Limited loan amounts: CashUSA’s maximum loan amount may not be sufficient for individuals with larger financial needs.

Loan amount

CashUSA offers payday loans ranging from $500 to $10,000.

Why we chose it

We chose CashUSA as one of the best payday loan options because of their multiple lender options, fast funding and secure online platform. They provide borrowers with a convenient and efficient way to access the cash they need.

How to apply

To apply for a payday loan with CashUSA, borrowers can visit their website and complete the online application form. They will get connected with lenders, and after review, funds will be deposited in 24 hours.

Eligibility criteria

To be eligible for a payday loan with CashUSA, borrowers must have a 90-day employment minimum, be 18 years or older, be a resident of the U.S. and meet lender income requirements.

Summary

CashUSA is a reliable payday loan provider that offers a straightforward application process and access to multiple lenders. They prioritize customer satisfaction and provide fast funding options. In addition, their payment plans are flexible and they offer fast funding.

Loan Assist USA: Best for high loan limit – get the funds you need today!

Loan Assist USA is a trusted payday loan provider that offers a range of loan options to meet the financial needs of borrowers. They have a user-friendly website and a dedicated customer service team, ensuring a smooth and hassle-free loan application process.

Loan Assist USA continues to stand out due to its commitment to helping borrowers find the best loan options for their unique financial situations.

Pros

• Wide range of loan options.
• Competitive interest rates.
• Quick approval process.
• Flexible repayment terms.
• Transparent fees and charges.

Cons

• Limited loan amounts.
• Not available in all states.
• Strict eligibility criteria.

Loan amount

Loan Assist USA offers payday loans ranging from $100 to $20,000.

Why we chose it

We chose Loan Assist USA as one of the best payday loan options because of their high loan limit, wide range of loan options, competitive interest rates and quick approval process. They prioritize transparency and provide borrowers with flexible repayment terms.

How to apply

To apply for a payday loan with Loan Assist USA, borrowers can visit their website and complete the online loan request form. They will then submit the form for lender review and review the e-sign loan documents upon approval.

Once the process is complete, borrowers will wait for a direct deposit into their bank account.

Eligibility criteria

To be eligible for a payday loan with Loan Assist USA, borrowers must have a regular income, a valid U.S. driver’s license or state ID, U.S. citizenship with a valid SSN and fulfill other requirements specific to the lender. 

Summary

Loan Assist USA is a trusted payday loan provider that offers a wide range of loan options, high loan limits and competitive interest rates. They prioritize transparency and provide borrowers with a quick and efficient loan application process. 

Loan Assist USA also has strong data protection measures in place to curb scams and build trust with their users.

Main Street Loans: Best for flexible loan amounts – discover your options now!

Main Street Loans is included in this roundup because irrespective of your credit score, you can always have access to a lender. Sometimes, even payday lenders can reject your loan offer because you have bad credit or you have faced some kind of financial challenge in the past. With Main Street Loans, it’s a different ball game. 

Applying online for a loan through Main Street Loans is easy, quick, seamless and allows you to get loan offers within minutes of application. Main Street Loans also provide flexible repayment options, which means that borrowers can repay their loan without any financial weight. 

Pros

• Simple application process.
• Affects all credit types.
• Funding process is fast.

Cons

• Varying cash transfer types.
• Limited loan amounts.
• Not available in all states.

Loan amount

Main Street Loans offers payday loans ranging from $100 to $20,000.

Why we chose it

We chose Main Street Loans as one of the best payday loan options because of their quick application process, flexible loan amounts and excellent customer service. They prioritize customer satisfaction and provide competitive interest rates.

How to apply

To apply for a payday loan with Main Street Loans, borrowers can visit their website and complete the online application form. After a successful review process, they will receive funds within one day post-closing.

Eligibility criteria

To be eligible for a payday loan with Main Street Loans, borrowers must have a bank account for direct deposit, a valid U.S. driver’s license or state ID, be at least 18 years old and fulfill the other requirements of the lender. 

Summary

Main Street Loans is a reputable payday loan provider that offers a quick and easy application process, flexible loan amounts and competitive interest rates. They prioritize customer satisfaction and provide excellent customer service, making it a reliable option for those in need of quick funds.

PrismLoans.com: Best for minimum eligibility – check your eligibility today!

One thing we like about Prism Loans is that their eligibility criteria are simple and they are remarkably fast. Their lending process is also very secure and they are compliant with federal regulations.

Prism Loans offers loan approvals in minutes and makes sure that the funds you secure are deposited in your account the next business day. They are also backed by the Online Lenders Alliance, which shows how committed they are to responsible and user-friendly lending.

Pros

• Their application process is straightforward.
• Approval and funding are fast.
• Offers reliable and secure service.

Cons

• Lenders often perform credit checks.
• Website is not very user-friendly.

Loan amount

You can borrow as low as $100 from Prism Loans and as high as $20,000.

Why we chose it

We chose Prism Loans because they have the least eligibility criteria, which means that they are accessible to a wide audience. They’re also convenient and very user-friendly. 

How to apply

To apply for a loan through Prism Loans, you first need to complete a short and secure online form on their website. Then you’ll submit the form and wait for lenders to review it. Once it’s approved, you’ll e-sign some loan documents and your funds will be deposited in your account the next day.

Eligibility criteria

To be able to apply for a loan through Prism Loans, you must be at least 18 years old, own a state ID, be a citizen of the United States and have a regular source of income. You also need a bank account to receive your loan. 

Summary

Prism Loans offers a fast, straightforward and secure way to access quick payday loans. Applying is easy, and the requirements are minimal. It’s also an ideal choice if you value speed and convenience during the application process.

247CreditNow: Best for their ability to match borrowers and lenders – find your perfect match today!

Although 247CreditNow has a reputation for helping people with poor credit scores secure loans, their major strength is matching borrowers with the right lenders.

247CreditNow offers borrowers several flexible choices that are tailored to them. With their easy-to-use website and straightforward application procedure, 247CreditNow guarantees a customized and stress-free lending experience. 

Pros

• No hidden costs.
• Loans very high amounts.
• Loan request form is easy to fill out. 

Cons

• They are not involved in the loan approval process.
• Lowest amount they loan is $500.

Why we chose it

We chose 247CreditNow because if you’re looking for a payday loan that perfectly matches lenders and borrowers, they come out top, and you really should try them out. They’re also easy to use and have no hidden agreements or fees that can jeopardize your repayment plans. 

How to apply

To apply to 247CreditNow, visit their official website and click on “get started.” Next, fill out the form and review your loan offer. If you’re satisfied, e-sign the deal and wait for your money. It will be deposited into your account the next business day.

Eligibility criteria

To be eligible for a payday loan through 247CreditNow, you must be above 18 years of age, be a U.S. citizen and ensure that your bank allows direct deposits. 

Summary

247CreditNow has a user-friendly website that you can conveniently use to borrow money. With 247CreditNow, exploring the best payday loans is effortless and you’ll always find a lender tailored to you. 

PersonalLoans.com: Best for clear application process – start your simple application now!

PersonalLoans.com is a well-known name in the payday loan industry, offering borrowers access to loans ranging from $250 to $35,000. They have a user-friendly website and a dedicated customer service team, ensuring a smooth and hassle-free loan application process.

Their repayment duration and APR fluctuate depending on the amount lent to a borrower. With PersonalLoans.com, borrowers can expect a hassle-free experience and timely funding.

Pros

• Loans up to $35,000, which is very high.
• Website design is user-friendly.
• Offers a very wide range of lenders.

Cons

• Strict eligibility criteria.
• Lenders consider credit.

Loan amount

PersonalLoans.com offers payday loans ranging from $250 to $35,000.

Why we chose it

We chose PersonalLoans.com as one of the best payday loan options because of their very clear application process, wide range of loan options, quick approval process and competitive interest rates. They prioritize customer satisfaction and provide borrowers with flexible (although sometimes fluctuating) repayment terms.

How to apply

To apply for a payday loan with PersonalLoans.com, borrowers can visit their homepage and follow the application instructions. After completing the application process, they’ll wait for 24-48 hours to get their loan.

Eligibility criteria

To be eligible for a payday loan with PersonalLoans.com, borrowers must have a valid ID, a checking account, a good credit score and be at least 18 years old.

Summary

PersonalLoans.com is a reliable payday loan provider that offers a wide range of loan options and competitive interest rates. They prioritize customer satisfaction and provide borrowers with a quick and efficient loan application process. It is also the ideal choice for those seeking up to $35,000 and have a great credit score.

What to look at when picking a payday lender

When you think about getting a payday loan, there are some things you need to look at to make sure you pick the right one for what you need. Let’s talk about these important things. 

Interest rates and costs

Since payday loans are meant to be short-term, they usually have high interest rates and costs. It’s a good idea to compare what different lenders charge to find an option that doesn’t break the bank. Try to find lenders with clear costs and competitive rates so there won’t be any unexpected surprises.

How you’ll pay back the loan

It’s also key to understand how you’ll need to pay back the loan. Some places might let you pay back in parts or give you more time, while others might want all the money back by your next paycheck. Think about what works best for your wallet, and go for a loan that fits your payback abilities.

Checking out the lender

Doing a little homework on payday loan providers can save you from scams or bad lending habits. Go for lenders that have a good reputation, are officially recognized and get thumbs up from their customers. It also helps if they’re part of professional groups – it shows they care about doing things right.

The loan application

How easy it is to apply can really change how quickly you get your loan. Choose lenders with simple online applications, not too much paperwork and fast approvals so you can have the money when you need it without waiting around.

How much can you borrow?

Payday loans usually limit the amount you can borrow at once. Make sure the amount available matches what you need, but remember only to take as much as necessary to avoid extra debt.

Smart ways to handle payday loans

Check your finances first

Before you consider getting a payday loan, examine your financial situation. Ask yourself if you really need this loan and if you’ll be able to pay it back when it’s due. If there’s another option, like asking family or friends for help or looking into loans with lower costs, try those first.

Only get what you need

Even if you can get a bigger loan, only take what you must have to meet your urgent expenses. More money means more costs in interest and fees. Stay focused on what you need right now and avoid the trap of extra debt.

Read the loan terms carefully

Make sure you fully read and understand the terms of the payday loan before you agree to it. Look closely at how and when you need to pay it back, how much interest you’ll be paying, any extra costs and what happens if you pay late. Knowing this will help you figure out how to pay the loan back without trouble.

Plan how to pay the loan back

Before you decide to get a payday loan, think about how you’ll pay it back. Look at the money you expect to have soon and your other spending needs. Then, set aside some money to pay back the loan. A good plan will help you keep on track and avoid extra charges.

Pay back on time

It’s very important to pay back payday loans when they’re due. Being late can cost you a lot in extra fees and hurt your credit rating. Try your best to pay the loan back on time or even earlier if possible.

Skip getting extra time

Getting more time to pay off the loan might sound good, but it usually means paying more through extra charges and higher interest rates. It’s smarter to stick to the original plan and pay off the loan without stretching it out.

Looking for different ways to borrow money?

Payday loans might be OK sometimes, but it’s smart to look at other options too. Here are some better choices than payday loans. 

Personal installment loans

These loans let you pay back the money over a longer time with less interest compared to payday loans. You can borrow more money and pay it back in regular monthly payments, which can make things easier for you.

Loans from credit unions

Credit unions usually have small loan options that aren’t as expensive as payday loans. If you join a credit union, you could get one of these cheaper loans.

Borrowing from people you know

If you can, think about asking family or friends if you can borrow money from them. This way might not cost you any extra money in interest or fees, making it a less costly choice. Just be sure to agree on how and when you’ll pay them back.

Getting cash from your credit card

You can get cash using your credit card by taking out a cash advance. Even though the interest might be higher than that of other loans, it’s often less than what payday loans charge. Always check the costs and terms first before going this route.

Help from emergency assistance programs

Lots of places and groups have programs to help people who need money fast. Some might give grants, loans without interest or other help. Look into what’s available in your area to see if there’s something that could work for you.

Frequently asked questions

Are payday loans a good idea?

Payday loans can get you cash fast, but they’re risky. They come with super high costs and interest rates, which could put you in a tricky spot if you can’t pay it back fast. Make sure to check out the lender’s terms and understand all the expenses involved before you go for one.

How soon can I get the money from a payday loan?

Payday loans are quick when you need cash right away. Usually, you can get your hands on the money within a day or by the next working day. This depends on your lender and how quickly your application gets approved.

Can I pay off my payday loan before it’s due? 

Yes, most of the time you can do this without having to pay extra charges. But it’s a good idea to check with your lender first because their rules might be different.

What happens if I’m unable to pay back my loan?

If you can’t pay back the payday loan when it’s due, you might face big charges, your interest rate could go up, and debt collectors might start calling you. This could also hurt your credit rating. Some lenders might let you extend or renew the loan, but it can lead to a bad cycle of debt.

Conclusion

Getting a payday loan can be a quick fix for emergency money problems. The best payday loan lenders we talked about are there to give you speedy cash, let you choose how to pay it back and keep things simple from start to finish. 

If you know the ins and outs of loans from online platforms like MoneyMutual, Priority One CashUSA, Payday Loans and SmartAdvances.com, deciding on one can be easier and can get you the money you need fast.

Just remember, it’s important to only take out what you can pay back easily and know that picking a trustworthy payday loan provider means handling your urgent money needs safely in 2024.

• S P O N S O R E D  C O N T E N T •

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