$255 Payday Loans Online (Feb. 2024)

255 Payday Loans Online

When you apply for $255 payday loans online through a lending network, you get access to dozens of direct lenders that specialize in online payday loan and installment loan options that won’t deny you solely based on a bad credit score.

Each direct lender that partners with the networks receives your loan application, which means you may receive more than one personal loan offer to choose from. The loan request takes only minutes to complete, and you could have money in your checking account by the next business day.

These networks don’t limit you to only a $255 cash loan – some may even approve you for signature loans as large as $10,000.

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Online Payday Loans For $255 or More

Every participating lender that partners with a lending network has different standards for loan approval. You may receive multiple loan offers to choose from, and each loan product will have a different loan amount, interest rate, loan term, and fee structure.

  • Short-term loans up to $5,000
  • Online marketplace of lenders
  • Funds available in as few as 24 hours
  • Simple online form takes less than 5 minutes
  • Trusted by more than 2 million customers
  • See official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
Up to $5,000 Varies Varies

See representative example

MoneyMutual is our top-rated lending network because it offers a large group of direct lender options that have no minimum credit score requirements. You can submit a loan request in a matter of minutes and receive a credit decision — and possible short-term loan offer — soon after.

The loan amount you’re offered will vary based on your credit history with the three major credit bureaus. But this network has lenders that will work with just about any borrower — even if you have credit difficulties.

  • Loans from $250 to $5,000
  • Cash deposited directly into your account
  • Get money as soon as tomorrow
  • Bad credit OK
  • More than 750,000 customers since 1998
  • See official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
$250 to $5,000 Varies Varies

See representative example

You can complete a loan application with CreditLoan.com in a matter of minutes and receive offers for personal loans that range between $250 and $5,000. And, unlike a payday loan lender, you can repay your debt over time through a series of monthly payments.

While this network specializes in signature loans, you may also receive offers from a payday lender for a cash advance loan. Whichever loan product you choose, make sure you understand the terms of your loan — including any origination fee, late fee, or other finance charges you may incur.

  • Short-term loan of $100 to $1,000
  • Large network of lenders
  • Loan decision as fast as a few minutes
  • Funding as soon as the next business day, if approved
  • See official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
$100 to $1,000 200% – 2,290% Varies

See representative example

CashAdvance.com partners with online payday loan providers that can offer quick cash — often without a credit check. These loans require proof of sufficient income to repay the loan in full on your next payday. That means you’ll typically have to pay all of the money back within two weeks.

These loans come with high interest rates and fees that exceed those of a traditional installment loan. Cash advance loan offers differ based on where you live and are not permitted in several states. For example, California payday loan laws do not permit short-term cash advance loans.

How Do I Find a $255 Payday Loan Online?

The easiest way to find a small-dollar, short-term loan online is by using a lending network. You can find a direct lender after you submit a single loan request through the network.

Networks partner with several lenders, which means you can increase your odds of approval, despite your bad credit, by maximizing your exposure to as many lenders as possible. And since these lenders are competing for your business, they’re encouraged to send you their best possible offer.

The loan request typically takes less than five minutes to complete and doesn’t impact your credit score or leave behind an inquiry on your credit history. The network will send you an email just moments after you submit your request. This email will contain your loan decision and may include more than one loan offer to choose from. 

Networks vs. Direct Lenders

Based on the data provided by the credit bureaus, you could receive offers for personal loans, cash advance loans, or even a title loan that requires you to use the title to your vehicle as collateral.

Each participating lender that provides you with an offer will have its own finance charge structure with different interest rates, payment amounts, and fees.

If you find an offer you like, the network will transfer you to the lender’s official website. From there, you’ll complete the loan agreement and the lender will transfer money to your linked bank account. You’ll have access to the money by the next business day.

What Credit Score Do I Need to Get a Payday Loan?

Every lender has different standards for approval. A bank or credit union, for example, may not consider a loan application from a borrower who has anything less than a good credit score

Non-traditional lenders, such as the institutions that partner with the lending networks listed above, have more forgiving approval standards and may accept your application if you have bad credit (often considered a credit score below 580).

Some payday lenders don’t require a credit check for approval. Instead, a payday lender will want to see that you have proof of enough income to repay the debt by your next payday. You can apply for these loans online, at a local payday loan center, or a nearby check cashing business. 

What’s the Difference Between a Payday Loan and a Personal Loan?

A payday loan is an ultra-short-term loan that usually requires repayment within two weeks. These loans are considered a bridge to your next payday and charge much higher fees than other loan products. You may not have to submit to a credit check to qualify for these loans.

A personal loan allows you to make monthly payments — or installments — to repay your debt over several months or years, depending on the loan amount. The fees attached to these loans aren’t nearly as high as those that come with a payday loan. 

The typical bad credit installment loan interest rate cap is 36%, whereas an online payday loan may charge an APR of as much as 700% in some states. 

Payday Loan Rates in the US

You can apply for either loan type through the networks above and connect with a direct lender that specializes in both types of bad credit loans.

How Long Does It Take to Get an Online Loan?

In most cases, you’ll receive the funds from your online loan by the next business day. That means you may have to wait until Monday if you close your loan late on a Friday or during a holiday.

Some online lenders offer expedited processing for an additional fee. This service can put money in your account nearly instantly.

When Will I Have to Pay the Loan Back? 

Every state has different rules pertaining to the repayment of a payday loan. These laws were created to provide financial protection from the payday lending industry. 

While some states require loan terms to be at least 10 days in length, many states don’t allow payday loans to stretch beyond 31 days. This is mostly because the higher interest rates attached to these loans can get quite costly if you extend the loan beyond one month.

Payday Loan Example Terms

Each state also limits how much money you can receive from a payday loan, with the most common maximum falling between $300 and $500. But payday lending can be a predatory means to an end if you fail to repay the debt as agreed. 

If you’re buried in debt and unable to make payments, a payday loan is not the answer. The next appropriate step may be to consult with a credit counseling agency.

You Can Apply For $255 Payday Loans Online

There’s no such thing as a loan that’s too small. After all, lenders have to lend money if they want to stay in business. Whether you need $255 or $2,550, a lending network can help connect you with a lender that’s ready to work with you.

And when you apply for $255 payday loans online, you can get a decision in minutes and have money in your bank account by the next day — without ever having to leave your couch or turn off the TV.

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