12 Best Guaranteed Approval Payday Loans (Oct. 2023)

Best Guaranteed Approval Payday Loans

Let’s be clear: The best guaranteed approval payday loans don’t promise to give an instant loan to every applicant. What they do guarantee is an instant decision on whether you prequalify as a borrower. While no bad credit loan is 100% surefire, the ones in this review come as close as possible.

This begs a more important question: Is an instant payday loan your best option when you need fast cash? On the one hand, they charge nosebleed interest rates. But on the other, they are small emergency loans with one- to four-week terms, so the total cost is manageable. 

To help you solve this dilemma, we include information on other subprime loans with quick approval. One of the borrowing options for those with bad credit, limited credit, or no credit at all may perfectly fit your needs, and we guarantee all of these loans will do everything possible to get you the money you want.

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Payday and Personal Loans With Easy Approval

Bad credit loan networks can prequalify personal and payday loans without credit checks. If you meet the easy eligibility requirements, loan networks can usually find at least one direct lender willing to consider your loan application. Approved loans may provide your money as soon as the next business day, though some lenders can provide expedited deposits for a fee. 

  • 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.


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Since 2010, MoneyMutual has been arranging bad credit loans without cost or obligation. You can submit a short request form for a short-term loan that you repay on your next pay date, or you can request a personal loan that you repay in as few as three monthly installments. To prequalify, you must be 18 or older, a US citizen or permanent resident, and collect a monthly income of at least $800.

  • Personal loans from $500 to $35,000
  • All credit types are considered and welcome
  • Simple, no credit impact form
  • Helping consumers since 2001
  • 4.7 out of 5 Trustpilot rating with 2,000+ reviews!
  • See official site, terms, and details.


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2001 7.0/10

The 24/7 Lending Group is a lending network for loans large and small. It can match you to four near-instant payday or personal loan offers. Preapproval doesn’t affect your credit score. Be sure to read the loan agreements before deciding which offer is best for you.

CashUSA.com can find you a personal or payday lender willing to let you borrow up to $10,000 as quickly as the next business day. To qualify, you must be a US citizen or permanent resident, at least 18, and earn a specified monthly income. Instant loan terms and fees vary by lender, but CashUSA.com doesn’t cost anything to use.

  • Personal loans from $100 to $20,000
  • Receive an approval decision in as little as 2 minutes
  • Funds can be deposited into your account in one business day and used for any purpose
  • No hidden fees
  • See official site, terms, and details.


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The direct lender network partnering with SmartAdvances.com may offer you a loan after you prequalify. You can review the loan terms, including the loan amount, interest rate, and repayment period, without obligation. If you accept a loan, expect your money to hit your bank account as soon as the next business day.

BadCreditLoans.com finds loans ranging in amounts from $500 to $10,000. But loan offers up to $1,000 are the most likely for borrowers with poor credit. The website welcomes all credit types and connects you to lenders that don’t require collateral. You must satisfy age, income, and residence requirements and provide a valid email address, checking account number, and phone number.

CreditLoan.com may be able to fund same-day emergency loans if you apply early in the morning. The company welcomes consumers seeking personal or payday loans online. Its lender network works with borrowers of every stripe, including those with limited or poor credit. You need only a few minutes to complete the loan request form and receive quick prequalification. The lending process is far more convenient than using a local bank or credit union.

  • Quick loans up to $5,000
  • Submit one form, get multiple options
  • All credit ratings welcome
  • Requires bank account and SSN
  • As seen on CNN, FoxNews, and others
  • See official site, terms, and details.


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BillsHappen® may prequalify you for an online payday loan or personal loan from its lender network. A guaranteed payday loan requires full repayment in one lump sum, but personal loans allow you to repay in monthly installments. Your credit score and the lender’s approval criteria determine your loan amount and interest rate. You can receive cash in your bank account as soon as the next business day.

PersonalLoans.com can find personal loans of up to $35,000. Your offer amount and interest rate depend on your income, debts, credit history, and state laws. The lender network offers installment, peer-to-peer, and bank loans. Loan providers offer repayment terms of three to 72 months and APRs of up to 35.99%.

Other Guaranteed Short-Term Loans

The following loans are easy to get. Some are secured loans with collateral backing. Under certain circumstances, you may find these to be convenient alternatives to personal and payday loans.

9. Credit Card Cash Advances

You may access an immediate cash advance if you own a credit card. Most credit cards offer cash loans in the form of a withdrawal from your available credit limit.

You can borrow a percentage of your card’s unused credit limit, which is usually less than that for purchases. APRs won’t exceed 36%, and a 3% to 5% transaction charge will apply (although some cards waive the fee for the first year).

How to Make a Credit Card Cash Advance

You can get a credit card advance at a bank or ATM without additional approvals. These advances charge daily interest that can pile up quickly, so it’s best to repay them as soon as possible.

10. Cash Advance Apps

Cash advance apps give you early access to pay you’ve earned for work you’ve already completed. Initial loan limits vary from $100 to $500 and can increase over time. Most of these apps do not charge interest, but fees may apply. 

Typically, you link the app to your bank account and work time sheet. The app automatically repays the loan when you next receive a paycheck. 

11. Pawnshop Loans

You can waltz into any pawnshop and hock personal property (e.g., jewelry, collectibles, cameras, guns, etc.) with only minimal paperwork and no credit check. You can usually borrow 40% to 60% of your property’s value. 

Image of Cash, Magnifying Glass, Jewelry, Pawn Loan Concept
You can use collateral to secure a pawnshop loan you can repay over time.

You will forfeit your property if you don’t repay the secured loan by the due date. You can extend that date by paying additional fees. 

12. Auto Title Loans

You can use your fully paid vehicle as collateral for a short-term auto title loan. But beware: A repo agent will seize your car if you miss a payment. 

Expect these loans to charge APRs well above 100%. You don’t need good credit to get an auto title loan since this is a no credit check loan.

How Does a Guaranteed Approval Payday Loan Work?

You can get an instant payday loan by applying online to any of the reviewed lending networks. Start by submitting a short loan request form with information about your income and expenses. 

To prequalify, you must:

  • Be a US citizen or permanent resident
  • Be 18 or older
  • Have a Social Security number
  • Collect at least the minimum required monthly income from employment or government benefits
  • Have an active bank account in your name
  • Have a valid email address and phone number

You won’t undergo a credit check at this stage, but personal installment loan providers may pull your credit before final approval.

Upon prequalification, the loan-matching service will distribute your request to a network of lenders. You may then receive one or more offers you can pursue without obligation. If you accept a loan, you may receive the proceeds in your bank account as soon as the next business day.

Your state may prohibit or cap payday loans. This map shows the average payday loan interest rate in each state.

Payday Loan Interest Rates in Each State
Source: Center for Responsible Lending

Personal loans are safer because they charge less interest and give you more time to repay. The price for these advantages is that you will likely go through a hard credit check before receiving online loan approval. 

You repay a personal installment loan in fixed monthly payments. Your payment size depends on the amount you borrow, your interest rate, and the number of months in the loan term, typically three to 72 months. 

Personal loan APRs usually top out at 36%, but the limit varies by state. You can rebuild credit through a personal loan by repaying on time. Payday loans do not report your payments to the major credit bureaus and won’t help you build credit.

What Happens If I Can’t Repay a Payday Loan?

Payday loans typically require full repayment on the date you next get paid. If you fail to pay, the lender will add fees to your loan amount and reissue the loan. 

The cycle repeats on every pay date until you repay the loan. This is called a payday loan rollover, and some states limit the number of times you can roll over a payday loan to prevent debt spirals. Repeated failure to pay on time can cause your debt to explode and send you into collection or bankruptcy proceedings

Can I Get a Payday Loan With a 500 Credit Score?

Payday loans don’t check credit, so any score will suffice. In fact, you don’t need a credit history to get a payday loan. 

FICO Score Scale
Your credit score shouldn’t affect approval for a payday loan.

Personal loan providers do check credit scores. Although 500 is a poor score, it may be good enough for some personal loan lenders if your recent credit history within the past year or so is clean, i.e., no late payments or recent bankruptcy filings, etc.

How Do Payday Loans Affect My Credit?

Payday loans will not affect your credit if you pay on time. That’s because payday lenders don’t report loans and payments to the credit bureaus unless you default on the debt. And collection agencies do report new accounts to at least one credit bureau.

These reports damage your credit score and remain on your credit reports for seven years. Bankruptcy harms your score most and may stay on your record for up to 10 years.

Consider Your Alternatives Before Taking a Payday Loan

Payday loans online are easy to get, but they’re expensive. Even the best guaranteed approval payday loans charge APRs of 300% to 700% or more. Therefore, it’s wise to consider personal loans instead, as they charge much less interest and give you months or years to repay. Always verify you are dealing with a reputable lender, such as those BadCredit.org reviews.

Credit card cash advances cost about as much as bad-credit personal loans but do not require separate approvals. Cash advance apps are usually free, but the maximum loan offer is limited. Other loans, such as those from auto title lenders and pawnbrokers, are easy to get but extremely expensive. Ultimately, your personal circumstances will determine which option is best.

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