$255 Payday Loans Online Same Day

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Key takeaways

$255 payday loans online, the same day offer fast access to emergency cash.
Payday lenders typically do not conduct a credit check. They are accessible to applicants with poor scores.
Payday loans can be risky because of their high costs and short repayment terms.

Payday loans are an easy way to get emergency cash quickly. Perhaps you’re short on rent or facing an unexpected bill. Maybe you’re simply trying to make it to your next paycheck. No matter the reason, these loans provide quick access to small amounts of cash.

Payday lenders can often approve and deposit money into your bank account on the same day. Lenders approve applications quickly since they base their decisions more on your income than your credit score. As a result, payday loans are a viable borrowing option if your credit is less than perfect.

Loans can get you out of a tight spot, but come with risks. Learn how payday loans work so you can make an informed decision.

What are payday loans?

Payday loans are short-term loans used to cover emergency expenses. You typically must provide proof of income to get one and repay the money on your next payday.

Most payday loans are for small dollar amounts, often $500 or less. The repayment term is usually only two or four weeks, but it varies by state and lender.

Many lenders offer payday loans for bad credit. They are more interested in your income and ability to repay than your credit score. Most lenders do not even conduct a credit check.

Some lenders even advertise 1 hour payday loans with no credit check. You can potentially receive approval and funding almost instantly.

The catch with payday loans is their high costs. Most lenders charge fees equivalent to a 400% APR (annual percentage rate). That means you will pay roughly $20 for every $100 borrowed.

The short repayment term and the fact that you must pay the entire sum at once make these loans more challenging to pay off. Only take out a short-term loan for true emergencies.

Benefits of $255 payday loans with no credit check

Payday loans online, the same day for $255, come with a few key advantages. They are no credit check loans, so you don’t have to worry about your score. Lenders often offer fast approval and funding within hours.

Quick & easy application

Payday loans are easy to apply for. You can typically fill out the application online in a matter of minutes.

No credit check

Most lenders who offer $255 payday loans online, same day, for bad credit do not conduct a hard inquiry. No hard inquiry means the lender will not review your credit report or consider your credit score.

Lenders instead base approval on your income and ability to repay. For people with poor credit, these loans provide a possible fast cash and credit lifeline when traditional options fall short.

Same-day approval from direct lenders

You can often receive approval within minutes and get your funds on the same business day. Many direct lenders specialize in same day emergency loans for bad credit. You can apply for $255 payday loans online with a direct lender and receive the money the same day with no credit check.

No bank account, but need fast cash?

You can get payday loans without a bank account!

Flexible use of funds

You can use the money however you like. Unlike auto loans or mortgages, lenders do not restrict how you spend the loan proceeds. Use it to buy groceries, cover a medical bill, or handle car repairs. It is completely up to you.

Emergency loans for bad credit

Emergency payday loans for bad credit only require proof of income and a bank account. You can get the money fast since you do not have to go through a lengthy approval process.

No collateral needed

Payday loans are unsecured. You do not have to put up your car, home, or personal property as collateral. Unsecured loans are a lower-risk option for borrowers who don’t have assets to pledge but need cash urgently.

How to choose the right $255 payday loan provider

When searching for the best payday loan provider, look beyond funding speed. While the funding time is important when you need cash fast, you should avoid predatory lenders and scams.

Research the lender’s reputation. Read reviews and ratings on Consumer Affairs, the Better Business Bureau, and Trustpilot.

Customer service matters, too. You never know when you’ll have questions or run into issues, and you’ll need reliable support.

Verify that they hold a license to operate in your state. Not all payday loan providers have licenses for every state. Make sure that your location is covered.

Look for lenders that are upfront about their fees. A trustworthy lender will clearly explain all loan terms and not subject you to hidden charges.

How to apply for a $255 payday loan online

Applying for $255 payday loans online on the same day is typically straightforward. Check if you’re eligible and gather documents beforehand to speed up the process.

Check eligibility

Before you apply, make sure you are eligible to take out a loan with the lender you choose. Different lenders will have different requirements. States also regulate payday lending, so you need to make sure you meet the criteria set by your state.

The basic requirements are:

Be 18 years or older
Have a steady source of income
Possess an active checking account
Be a resident of the state where you are applying for the loan

Emergencies happen.

Click here for the best emergency loans!

Review state requirements

Payday loans are subject to state rather than federal regulations. Each state sets its own laws regarding loan amounts, fees, repayment terms, and eligibility.

For example, California caps payday loans at $300, including a 15% finance charge. A 15% fee on a $300 loan equals $45, leaving you with $255 in actual funds. You can take out $255 payday loans online on the same day in California. But that is the maximum amount you’ll be able to borrow.

Nevada, on the other hand, does not set a strict maximum loan amount. You can also get $255 payday loans online the same day in Nevada if it does not exceed 25% of your gross monthly income. If your gross monthly income is $3,000, you can borrow up to $750 (a lot for a payday loan). Nevada does not cap the finance charges and lets borrowers roll over loans.

Compare lenders

Not all lenders are the same. Take time to compare lenders before you borrow. Look over their interest rates, fees, and repayment terms to find the most competitive option. Read customer reviews and only work with lenders who have a good reputation.

Look specifically for lenders that are transparent about their terms and offer same-day funding.

Fill out the application

Once you choose a lender, complete the online application. The process is usually fast and secure. Most applications take less than 30 minutes to complete.

Lenders will ask for some basic documentation. The exact documents will vary slightly depending on the lender and state regulations. Most likely, you will need to provide:

A government-issued ID to verify your identity. You can use a driver’s license, state ID, or passport.

Proof of income – recent pay stubs, bank statements, tax returns, or benefits statements – to prove you can repay the money.

Checking account and routing numbers to receive the money via direct deposit.

Personal information, including your address, phone number, email, and Social Security number.

Details about your employer, including the name, address, and phone number of your workplace.

Receive approval & sign the agreement

After submitting your application, you may receive an instant decision. If the lender approves you, they will send you a loan agreement. The agreement will state the loan amount, fees, repayment date, and other vital details.

Read everything carefully before signing. Make sure you understand all the terms and conditions. Check that you can repay the money on time to avoid additional fees. You don’t want to end up further in debt.

Get funds deposited

After you sign the agreement, the lender will send you the money. They will often deposit the loan proceeds directly into your bank account. Since requirements are so lenient, this is often on the same day. Many lenders can transfer funds within a few hours.

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Responsible borrowing tips

Any time you borrow money, you need to do so responsibly. Only borrow what you need and can repay comfortably. Not being able to pay back the money is how you end up in a cycle of debt.

Once again, understand the terms before you sign the agreement. Review the fees and repayment dates to avoid surprises.

Make a plan to repay the money before you take out a loan. You may need to adjust your spending for a few weeks to have the available cash. Not all states let you roll over or extend your loan. If you can, the new loan usually comes with more fees.

Consider alternatives like cash advance apps or local assistance programs first. See if you can borrow from friends and family. A credit card cash advance may be less costly if you can repay the money quickly. Use payday loans strictly as a last resort.

Frequently asked questions

1. What is the easiest loan to get immediately?

Payday loans are often the easiest way to borrow money fast. They have lenient requirements, minimal paperwork, and usually do not require a credit check. Lenders frequently approve applicants within minutes.

2. Can you get a payday loan in California?

You can get payday loans in California. The state limits the amount you can borrow to $300, including the financing charge.

3. How many payday loans can you have at once?

The number of payday loans you can have at one time varies by state. Most states limit borrowers to one payday loan at a time. The limits are to help prevent you from falling into a cycle of debt.

4. Are payday loans secured or unsecured?

Payday loans are unsecured. You do not have to put an asset up as collateral.

Bottom line

A payday loan can be a lifeline when you need cash fast. With simple applications and same-day funding – even for bad credit – you can get quick access to money anytime. Before you borrow, understand the full cost.

Payday loans come with high fees and short repayment terms. If you cannot pay on time, you may fall into a cycle of debt. That’s why they are best to be avoided.

Before you borrow from a payday lender, consider alternatives. Cash advance apps let you borrow small amounts of money against your next paycheck interest-free. The approval process usually happens instantly; they can deposit money in your account within minutes.

When emergencies strike, fast cash is essential. Protecting your long-term financial health is even more critical. Use payday loans carefully, and only after considering every other available option.

1. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.

2. Paycheck Advance is an earned wage access service and is not a loan or credit product.

3. Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC. The Current Visa® Debit Card, which may be issued by Choice Financial Group and/or Cross River Bank, and the Current Visa® secured charge card, which is issued by Cross River Bank, are all issued pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. A Current debit account is required to apply for the Current Visa® secured charge card. Independent approval required.

4. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.

5. Debit card: Fees may apply, including out of network cash withdrawal fees, third-party fees, cash load fees, inactivity fees, account closure fees, international transaction fees, replacement card fees, express mail fees and escheatment fees. Build Card: Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.

6. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. The Current Visa® Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Current Visa® secured charge card is issued by Cross River Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your Card for its issuing bank. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.

7. Individual results may vary. Using your credit card responsibly may allow you to improve your credit score. Credit building depends on various factors, including your payment history, credit utilization, length of credit history, and other financial activities.

8. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.

9. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group. Funds held in Savings Pods are FDIC-insured on a pass-through basis up to $250,000 at our partner bank Choice Financial Group, member FDIC.

10. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank.

11. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.

12. Actual overdraft amount may vary and is subject to change at any time, at Current’s sole discretion. In order to qualify and enroll in the Fee-Free Overdraft feature, you must receive $500 or more in Eligible Direct Deposits into your Current Account over the preceding 35-day period and fulfill other requirements subject to Current’s discretion. Negative balances must be repaid within 60 days of the first Eligible Transaction that caused the negative balance. For more information, please refer to Fee-free Overdraft Terms and Conditions. Individual Current Accounts only.

13. For eligible customers only. You may earn Points in connection with your Build Card purchases at retailers whose merchant code is classified as: Dining (e.g., restaurants) and Groceries (e.g., supermarkets) and by completing other actions that Current designates as subject to the Current Points Program. The amount of Points granted for different actions as well as the purchase requirements necessary to earn Points will vary, and is subject to Current’s sole discretion. After qualifying, please allow 3-5 business days for points to post to your Current account. Points will expire 365 days after they settle. For more information (including specific eligibility criteria), please refer to the Current Points Terms and Condition.

14. Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.

15. Boost Bonuses are credited to your Savings Pods within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Pod has accrued a Boost Bonus of at least $0.01. No minimum balance required. The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. To earn a Boost rate of 4.00%, the sum of your Eligible Payroll Deposits over a rolling 35-day period must be $500 or more, with at least one Eligible Payroll Deposit equalling a minimum of $200. For more information, please refer to Current Boost Terms and Conditions.

16. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group. Your money is FDIC-insured on a pass-through basis up to $250,000 at each of our partner banks, Choice Financial Group and Cross River Bank, members FDIC.

17. Average value based on Fine Hotels + Resorts bookings in 2023 for stays of two nights. Benefits include daily breakfast for two, room upgrade upon arrival when available, $100 amenity, guaranteed 4PM late checkout, and noon check-in when available. Certain room categories not eligible for upgrade. $100 amenity varies by property. Actual value will vary based on property, room rate, upgrade availability, and use of benefits.

18. Up to $500 per Covered Trip that is delayed for more than 6 hours; and 2 claims per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

19. The maximum benefit amount for Trip Cancellation and Interruption Insurance is $10,000 per Covered Trip and $20,000 per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

20. Baggage Insurance Plan coverage can be in effect for Covered Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier Vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one- way or round-trip) is charged to an Eligible Card. Coverage can be provided for up to $2,000 for checked Baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the Common Carrier. The coverage is also subject to a $3,000 aggregate limit per Covered Trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each Covered Person with a $10,000 aggregate maximum for all Covered Persons per Covered Trip. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

21. Car Rental Loss and Damage Insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

22. Coverage for a Stolen or damaged Eligible Cellular Wireless Telephone is subject to the terms, conditions, exclusions, and limits of liability of this benefit. The maximum liability is $800, per claim, per Eligible Card Account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per Eligible Card Account per 12 month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

23. When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

24. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. It can help protect Covered Purchases made on your Eligible Card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. The coverage is limited to up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Coverage Limits Apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

25. Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

26. The secured Chime Credit Builder Visa® Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.

27. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

28. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.

29. There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.

30. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.

31. Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.

32. Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score.

33. On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.

34. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

35. SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your Visa debit card. Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.

36. Tipping or not tipping has no impact on your eligibility for SpotMe®.

37. Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

38. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account.

39. Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.

40. Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member’s direct deposit enrollment status.

41. Funds are automatically debited from your Checking Account and typically deposited into the recipient’s Checking Account within seconds. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.

42. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.

* EarnIn is not available for Connecticut residents

Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor’s credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor’s degree in journalism and an MBA.

$255 Payday Loans Online Same Day

Key takeaways

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What are payday loans?