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Best Payday Loans Online: Top Payday Loan Websites of 2022

Payday loan websites provide fast money to those in need.

A good payday loan website can transfer money to your bank account in under 2 hours. You enter information online, complete the application, and receive funds almost immediately.

However, not all payday loan websites are made alike. Some are better than others. Good payday loan websites provide you with funds when needed most. Bad payday loan websites can be scams.

What are the best payday loan websites of 2022? Which payday loan website provides the best combination of pricing, and service? What’s the best payday loan website for someone with bad credit?

Our editorial team ranked the world’s best payday loan websites. Here’s what we found.

Ranking the Top 6 Best Payday Loan Websites of 2022

Our editorial team tested each payday loan website to verify its authenticity and ease of use. After hundreds of hours of research and deliberation, here are the best payday loan websites available today.

1) MoneyMutual

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MoneyMutual is one of the internet’s best-known payday loan websites. The payday lending site has helped more than 2,000,000 customers access the money they need almost immediately.

If you’re looking for a reputable payday loan online, then MoneyMutual is tough to beat. Someone with good credit can borrow up to $5,000 through MoneyMutual in as little as 24 hours.

Meanwhile, those with bad credit or no credit may still be able to obtain the funds they need within a few hours of signing up.

Another perk of MoneyMutual is that the company connects you with 120+ lenders. Instead of being restricted to a single lender or online lending website, you pick the best option for your unique needs. Plus, MoneyMutual connects you with these lenders at no cost: lenders pay for your business, and you get the best loans without paying MoneyMutual anything.

Borrow: Up to $5,000 within 1 business day

2) FundsJoy.com

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FundsJoy.com is a popular online loan website that lets you borrow $200 to $5,000 with a few easy steps.

The website is designed to be fast, simple, and effective. It takes fewer than 10 minutes to complete the online form. You can choose to borrow anything from $200 to $5,000, with different loans and availability according to your credit.

Just submit a request through FundsJoy.com, check the offers available, then receive your money. Like MoneyMutual, FundsJoy.com is a broker that connects you with lenders at no additional cost. FundsJoy.com gets brokers competing for your business, and you select the best offer based on your unique needs.

Borrow: Up to $5,000 within 1 business day

3) BadCreditLoans.com

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BadCreditLoans.com works as advertised: the website specializes in helping people with bad credit get the money they need.

If you have a bad credit score, then BadCreditLoans.com could help you get the money you need at no additional cost. Like MoneyMutual and FundsJoy.com, BadCreditLoans.com gets dozens of lenders competing for your business. You pay interest and other fees to each lender, but you don’t pay additional fees to BadCreditLoans.com. It’s a no-cost service.

With BadCreditLoans.com, you can get the money you need in three easy steps. Just complete the online form, review offers, and connect with a lender. Within minutes, your money could be on its way.

Borrow: $200 to $10,000 within 1 business day

4) PickALender

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PickALender, found online at PickALender.com, connects borrowers with lenders in just two minutes.

Visit the website, then pick the type of financial service you want to access. PickALender specializes in areas like debt consolidation, credit card consolidation, and auto loans. You can also find travel loans, home improvement loans, and general payday loans online, among other services.

After completing the application at PickALender, you select from a network of lenders in your area. You complete the form in under two minutes, and lenders can deposit funds into your account in as little as 24 hours. Then, enjoy your money and pay it back when you’re able to. PickALender is a no-cost service based in Overland Park, Kansas.

Borrow: $100 to $40,000 within 24 hours

5) Next Day Personal Loan

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Want a personal loan sent to your bank account the next day? Next Day Personal Loan may be the right choice. Found online at NextDayPersonalLoan.com, the website lets you find a loan in three easy steps.

First, complete the form in two minutes or less. If you qualify, you review offers from lenders in your area. Then, you complete the application and get funds as soon as the next business day.

Featuring a nationwide network of lenders, 256-bit data encryption, direct deposited funds, and other perks, Next Day Personal Loan is available to people with all types of credit – including bad credit and good credit. With transparent pricing and an easy application system, Next Day Personal Loan is one of the best online payday lenders available.

Borrow: $100 to $40,000 within 24 hours

6) CashUSA.com

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CashUSA.com is an online payday loan company that connects you to lenders in your area. Like other top-ranked payday loan websites, CashUSA.com gets lenders competing for your business.

Just enter your information online to complete the application, then review offers from lenders in your area. The website displays the interest rate and fee structure of each lender along with its total cost, making it easy to compare offers.

After you accept an offer, you complete the application with each lender, then receive funds in your account as soon as the next business day.

CashUSA.com is a Las Vegas, Nevada-based payday loan website that lets you request up to $10,000 and receive funds in your bank account as soon as the next business day.

Borrow: Up to $10,000 within 1 business day

How We Ranked

All payday loan websites claim to give you money as quickly as possible. However, not all websites live up to that claim. To separate the best payday loan websites from the average sites, we used the following metrics:

Quality of Lenders: Some payday loan websites direct you to sleazy, expensive lenders. Others direct you to legitimate payday lending businesses. Some companies connect with 120+ lenders, while others direct you to the same 5 or 10 low-quality lenders. We appreciated payday loan websites that featured the highest possible quality of lenders.

Quantity of Lenders: Some payday loan websites only partner with a few lenders, making it difficult to pick the perfect lender for your needs. Others partner with hundreds of lenders, giving you more options. The best payday loan websites have high quality lenders with a high quantity of offers from which to choose.

Deposit Speed: All payday loan websites claim to deposit money quickly into your account. However, some are faster than others. Most payday loan websites claim to deposit funds within 24 hours or 1 business day, for example. Some deposit funds in as little as 2 hours, while others take more than 24 hours. The sooner we received funds in our company account (for testing purposes), the higher we ranked each payday lender.

Fees, APRs, and Other Charges: By law, payday lenders must disclose all fees and charges upfront. However, some companies hide this information in the fine print, while others make it deliberately confusing to see how much it costs. We preferred payday loan websites with maximum transparency over fees, charges, interest rates (APRs), and other information.

Transparency: The payday loan industry is filled with shady businesses. We appreciated payday loan websites with maximum transparency and honesty. We liked websites that disclosed all fees and charges upfront, including the APR. All payday lenders must legally provide this information. If a payday loan website hides this information or was not transparent with our editorial team, we did not rank it.

Company Contact Information: Some payday loan websites disclose an address, phone number, email address, or live chat line upfront. Others have limited information about themselves online. When a company is dealing with your personal information and thousands of dollars of borrowed money, we need maximum transparency with contact information.

Customer Reviews: We personally tested each payday loan website, but we also considered other users’ experiences in our rankings. MoneyMutual took home the top prize because it has 2,000,000+ customers over a decade of business, for example, along with thousands of positive reviews online. Although no payday loan website has perfect reviews, the best payday loan websites rise to the top of all independent review websites.

Company Reputation and Experience: Payday loan websites rise and fall all the time. We preferred payday loan websites with a proven reputation and lengthy experience in the industry. Some of the top payday loan websites have existed for over a decade, for example, while lower quality payday lenders rise and fall regularly.

Security and 256-Bit Encryption: At a minimum, any payday loan website should be HTTPS secured with 256-bit encryption. You’re entering sensitive personal and financial information into an online form, including your Social Security Number (SSN). You can’t risk having that information stolen. All reputable payday loan websites emphasize high levels of security and encryption.

Acceptance of All Credit Scores: Having bad credit or no credit shouldn’t prevent you from getting the money you need. Most people who need payday loans have low to average credit scores. That’s why most payday loan websites accept low to average credit scores. We preferred payday lenders that specifically accepted all levels of credit.

Ease of Use: Some payday loan websites are easier to use than others. Some websites are slow and poorly designed. Others are responsive and easy to complete. We preferred payday loan websites that invested in the user experience and made it easy to complete an application in minutes.

Borrowable Amount: Most payday loan websites let you borrow between $200 and $5,000. However, some payday loan websites accept borrowing requests up to $40,000. We considered the borrowable amount of each website in our rankings. Whether you need to borrow a few hundred dollars or a few thousand, you should be able to get the money you need through a payday lender.

After considering all of these factors, we ranked the best payday loan websites in the order above.

How Payday Loan Websites Work

If you’re interested in getting a payday loan, then payday loan websites are an easy, accessible, and affordable way to borrow money. Here’s how the average payday loan website works:

Step 1) Visit the Website and Start the Application: Most payday loan websites let you start the application from the homepage. Just enter your first and last name into the online form, for example, to start the application and begin viewing initial offers in your area.

Step 2) Complete the Application: You need to enter personal information to borrow money online. Most payday lenders require your Social Security Number (SSN), earning information, and other personal data, for example, to verify your identity.

Step 3) Browse Available Offers: The payday loan website checks your identity, then gets lenders competing for your business. Whether you have bad credit or good credit, you browse a list of available offers to pick the best one for your needs.

Step 4) Select the Amount You Wish to Borrow: After picking a lender that works for your unique needs, you can choose the amount you wish to borrow. Most payday loan websites let you borrow $200 to $5,000, although some let you borrow larger or smaller amounts. Whether you’re traveling, renovating your home, paying a bill, or using the money for any purpose, you can choose the perfect amount for your needs.

Step 5) Enter Banking or Deposit Information: How would you like to receive the money? Most payday lenders use direct deposit to send money to your bank account. That’s the fastest and easiest way to receive the money. After accepting an offer, simply enter your bank account information online to receive the funds as quickly as possible.

Step 5) Receive Funds Within 24 Hours: Most payday loan websites direct deposit funds into your account within 24 hours of receiving the completed application. However, some websites deposit funds within as little as 2 hours, making it ridiculously easy to get the money you need.

Step 6) Spend Money However You Like: Once the payday loan is in your account, you can spend the money however you like. It’s your money to spend – just like any other money you would have in your checking account.

Step 7) Pay Back the Loan Within 2 to 4 Weeks: Most payday loan websites use borrowing periods of 2 to 4 weeks, or around the average pay period. The next time you receive your paycheck, you pay off the loan to avoid incurring significant interest.

How Much Does a Payday Loan Website Cost?

Most payday loan websites are free to use. They’re genuinely available at no-cost.

A payday loan website is different from a payday lender.

A payday loan website connects you with lenders in your area, displaying offers based on your unique financial information. The payday loan website gets lenders competing for your business and receives compensation from those lenders for each successful applicant. The lenders pay the payday loan website, and the payday loan website doesn’t charge you anything.

Each lender charges its own fees for borrowing money. Most lenders charge a simple annual percentage rate (APR) for interest. If you’re borrowing $2,000, for example, then you may need to repay $2,200 within 2 to 4 weeks. This is the cost of borrowing money. The payday lender is providing a service, and you’re paying for that service. By law, all payday lenders must disclose these fees upfront. Most states also forbid lenders from charging excessive interest rates on payday loans, capping payday loans at a specific APR.

Why Get a Payday Loan?

The main advantage of a payday loan is that you get money today before your next payday.

Instead of waiting days or weeks for money to arrive in your account, you can get the money you need within a few hours.

Some of the reasons to get a payday loan include:

You need to cover emergency expenses before your next paycheck gets deposited to your account

  • You have unexpected costs to cover, like car repairs or emergency travel expenses
  • You need to pay someone or pay a bill immediately
  • You need money for food, shelter, and other essentials as soon as possible
  • You’re worried about having enough money to make it to your next payday
  • You need cash fast for any reason, to spend however you like
  • You don’t need a specific reason to get a payday loan. Once the money is in your account, you can spend the money however you like. It’s yours to spend – just like any other money in your checking account.

Payday Loan Requirements: Who Can Get a Payday Loan?

You need to present certain information to receive a payday loan. You cannot receive an anonymous payday loan through conventional payday lending websites.

Common payday loan requirements include:

  • Be at least 18 years of age
  • Be a current resident of the state you selected on your loan application
  • Have a valid and active email address or phone number
  • Have an active bank account that has been open for at least one month
  • Not currently be in debt or going through bankruptcy

Some payday lenders require proof of income – say, a paycheck showing you earn at least $1,000 per month. Others do not. Generally, the more income you can prove, the more you’ll be able to borrow.

How Much Can I Borrow with a Payday Loan?

The amount you can borrow varies depending on your credit score, the payday loan website you use, and state lending laws, among other factors.

Most payday loan websites let you borrow $200 to $5,000.

The higher your credit score, the more offers you have and the more you can borrow. Someone with a lower credit score may be able to borrow $500 to $1,000, for example, while someone with a good credit score may be able to borrow over $10,000.

By comparing different payday loan websites, you can find the right amount you need to borrow regardless of credit score. Some payday loan websites let you borrow up to $40,000, for example, while others let you borrow as little as $100.

Top 6 Advantages of a Payday Loan Website

A good payday loan website lets you access the money you need as soon as you need it. Some of the advantages of a good payday loan website include:

Advantage #1: Get Money Regardless of Credit Score or Financial Past: Payday loan websites cater to those with bad credit scores and good credit scores. Someone with a good credit score may have more offers than someone with a bad credit score. However, everyone can get the offers they need from a good payday loan website. Regardless of your financial past or current credit score, you can get the money you need through a good payday lender.

Advantage #2: Cheaper than Credit Cards: Many payday loans are cheaper than credit cards. Credit cards may charge APRs of 18% to 40% for borrowing money, while payday lenders could charge as little as 5% to 30% per year. Although not everyone qualifies for low interest rate payday loans, you could save thousands in interest by getting a payday loan instead of paying by credit.

Advantage #3: Choose from Multiple Lenders: Payday loan websites work with dozens of lenders to present users with multiple options. Instead of choosing from just one or two lenders, you can choose from multiple lenders to ensure the perfect fit.

Advantage #4: Apply to Multiple Lenders at Once: With conventional payday loans, you need to complete individual applications with multiple lenders. That could mean spending hours to get the money you need. With a payday loan website, you complete a single application in under 10 minutes, then get feedback from multiple lenders.

Advantage #5: Customizable Payment Terms: Are you trying to borrow $200 or $20,000? Do you need to borrow money for a few days or a few weeks? With a payday loan website, you customize the loan based on your unique situation. People need money for different reasons, and payday loan websites make it easy to get the money you need for your specific reason.

Advantage #6: Improve Your Credit Score: Many people are surprised to find a payday loan improved their credit score. If you make payday loan payments consistently on time, then you could improve your credit score with a payday loan. You could also improve your credit score by using your payday loan to pay offer other credit balances.

Do I Need Income for a Payday Loan?

Payday loans are designed to give you money until your next payday. Most people get paid weekly, bi-weekly (every 2 weeks), or monthly.

Some payday loan websites require proof of income before providing you with a loan. You upload your most recent pay stubs online, for example, then receive a loan based on your recent income.

However, not all payday loan websites require paystubs. Some allow you to use income from other sources, including disability payments, Social Security, self-employment income, and other types of income.

Some payday loan websites do not require income verification at all. You may be able to receive a payday loan without providing any proof of income – especially if you have an average or better credit score.

Acceptable Types of Income for a Payday Loan

Some of the acceptable types of income for a payday loan include:

  • Paystubs from employers
  • Self-employment income
  • Disability payments
  • Pensions
  • Government income
  • Other sources of income

You may not need proof of income to receive a payday loan! By searching online, you may be able to find payday loans without proof of income. Many websites let you borrow small amounts with no income verification whatsoever, for example.

Payday Loans with Bad Credit or No Credit

Having a bad credit score (or no credit score) shouldn’t block you from getting the money you need.

Most payday loan websites cater to people with all types of credit scores, including no credit scores, low credit scores, and medium or high credit scores.

If you have a bad credit score or no credit score, then you could still borrow thousands of dollars from a payday loan website. If you have a steady source of income and can prove it, then you could borrow even more.

Most lenders use the following metrics to determine bad credit and good credit scores:

  • Exceptional Credit: 800 and above
  • Very Good Credit: 740 to 799
  • Good Credit: 670 to 739
  • Fair Credit: 580 to 669
  • Poor Credit: Scores below 580

You may have a low credit score, but you can still borrow money through a payday lender. If you have a bad credit score but have received a steady paycheck for a few months, for example, then you could qualify for a surprisingly large payday loan.

What’s the Difference Between a Payday Loan and Other Types of Loans?

You can borrow money in multiple ways, including via a payday loan. What’s the difference between a payday loan and other types of loans? Here are some of the things that make payday loans unique:

Borrowing Terms: Most payday loans have a multi-week borrowing term – say, between 2 weeks and 6 weeks. In contrast, ordinary loans have borrowing periods of anywhere from 1 year (for a conventional loan) to 4 years (for an auto loan) to 30 years (for a mortgage).

Borrowed Amount: Payday loans are designed to give you short-term money for important expenses before your next paycheck. They’re not designed to help you buy a car or a home. Most payday loans are for amounts between $500 and $1,000, for example. In contrast, the average conventional loan is worth around $5,213, according to TransUnion.

Speed of Deposit: It may take weeks to receive a mortgage. In contrast, you could receive a payday loan within 24 hours of applying.

Rates: Payday loans have higher interest rates than conventional loans to reflect the higher risk and shorter lending period. You might pay a 3% APR on a mortgage, for example, and a 20% APR or higher on a payday loan.

Acceptance of All Credit Scores: To get a conventional loan, it helps to have a strong credit score. Payday loans, however, care more about your recent income than your credit score. While a poor credit score (or no credit score) may block you from conventional loans, it does not block you from payday loans.

Risks of a Payday Loan: Are Payday Loans Safe?

Payday loans tend to be safe when you use a reputable website. However, there are some risks, especially if you work with disreputable lenders.

Some of the risks of a payday loan include:

Hidden Fees: Some payday loan websites charge hidden fees, including high APRs or secret charges that they do not disclose upfront. Legally, all payday loan websites must disclose all fees upfront.

Additional Charges for Missed Payments: Some people take out payday loans but are unable to repay them within the lending period (typically 2 to 8 weeks). Most lenders charge fees for those who are unable to pay off their loan in time.

High Interest Rates: Check the annual percentage rate (APR) of your payday lender before borrowing money. Some lenders charge exorbitant APRs, while others do not.

Disreputable Websites or Companies: Some payday lenders are disreputable. They take your information and sell it. They abuse your financial information. They take your SSN with no intention of providing a loan. These websites are scams, and it’s important to select a good payday lending website to avoid these issues.

You can avoid many of these issues by working with a reputable lender – including any of the top-rated payday lending websites listed above.

Alternatives to Payday Loans

If you’re unable to obtain a payday loan, or if you want to explore alternative financing options, then consider the following payday loan alternatives:

  • Credit cards
  • Online personal loans
  • Local credit unions
  • Friends and family
  • Selling possessions
  • Cash advance from employer

You could also consider pawn shops, government emergency relief services, or relief from creditors, among other alternatives.

FAQs About Payday Loans

Payday loans are less complicated than you think! We’re payday loan website experts. Here are some of our answers to frequently asked questions about payday loans:

Q: What’s the easiest type of loan to get with bad credit?

A: Many payday loan companies specialize in lending money to those with bad credit. Payday lenders and other short-term lenders cater to people with bad credit or no credit.

Q: What is considered a bad credit score?

A: Scores below 580 are considered a bad credit score.

Q: What is considered a good credit score?

A: Credit scores of 670 and above are considered good credit scores.

Q: How do payday loans work?

A: Payday loans provide you with a cash advance until your next payday. You borrow money today, then pay it back when you receive your next paycheck.

Q: Do I need income to qualify for a payday loan?

A: Many payday loan companies require proof of income to provide you with a payday loan, although some companies do not.

Q: Can I get a loan with no credit?

A: Yes, some companies provide payday loans with no credit.

Q: How much can I borrow with a payday loan?

A: You can borrow anywhere from $200 to $40,000 with a payday loan.

Q: Can I borrow $10,000 with bad credit?

A: Yes, you could borrow $10,000 with bad credit by using a payday lender. If you have proof of steady income, then your chances of receiving a higher payday loan increase.

Q: Does applying for a payday loan impact my credit score?

A: If the lender performs a hard credit check, then the credit check could slightly impact your credit score. However, this effect is not significant.

Q: What is a FICO score?

A: A FICO score is a type of credit score used by certain lenders .Some lenders use your FICO score to calculate rates and pricing.

Q: What do I need to apply for a payday loan?

A: Most payday loan companies require your name, contact information, bank account information, Social Security Number, and proof of income to provide a payday loan.

Q: Can I get a payday loan when self employed?

A: You may be able to get a payday loan even when self employed. The payday lender may request income verification from your self-employment business. If you can provide proof of income, then you should be able to obtain a payday loan.

Q: How soon do I get money with a payday loan?

A: Most payday lenders deposit money into your bank account (via direct deposit) within 24 hours or 1 business day of receiving a completed application.

Q: Do I need a job to get a payday loan?

A: Most payday lenders require proof of income regardless of your employment status. If you receive money from other sources (like a pension, disability payments, or government sources), then you could qualify for a payday loan without a job.

Q: How do I get money with a payday loan website?

A: A payday loan website requests your bank account information, then deposits funds directly into your bank account (via direct deposit).

Q: How much does a payday loan cost?

A: Payday loan fees and APRs vary widely based on credit score and borrowing period. However, all payday lenders must legally disclose fees and charges upfront. Check the fine print before completing the loan.

Q: What if I can’t repay my payday loan?

A: Lenders may charge late fees and other fees if you can’t repay your payday loan. Others may contact you to negotiate a settlement.

Q: Are payday loan websites safe?

A: Most payday loan websites are legitimate businesses that apply by all applicable laws in their area of jurisdiction. Check the list above to ensure you’re only working with a reputable payday loan website.

Q: Are payday loan websites a scam?

A: Payday loan websites are not a scam. Most websites are legitimate businesses with a proven track record of providing customers with funds when needed most.

Q: Can I get a payday loan without income?

A: You may be able to get a payday loan without income, depending on your credit score and financial situation. Some websites specialize in providing payday loans to people regardless of income, for example.

Q: What’s the best payday loan website?

A: MoneyMutual, FundsJoy.com, BadCreditLoans.com, PickALender, Next Day Personal Loan, and CashUSA.com are some of the best payday loan websites available today.

Final Word

40% of Americans would be unable to come up with $400 in an emergency, according to the United States Federal Reserve.

If you need money before your next payday, then you’re not alone. A good payday loan website can help get the funds you need within as little as 24 hours.

Check the list of the best payday loan websites above to ensure you’re getting the best payday loan for your unique situation.

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