$255 Payday Loans Online

Do you need a quick fix for some unexpected expense? Do you need some little cash for a personal need? Get in touch with iPaydayLoans and we will connect you with some of the helpful lenders around.

Want to borrow more than $5,000? Click here!

$255 Payday Loans Online With Same Day Funding

Savings can help you out in dire need, yes. But in reality, most people hardly have savings and when they do, they are targeted at large purchases and not emergencies that spring up from time to time.

Keep your savings and get a short-term loan to take care of your immediate needs. A $255 payday loan can do just enough to settle you in the meantime till you get your financial footing once again.

Get started with iPaydayLoans and we will connect you with lenders who can fund you as soon as the same day or at most, the following business day.

How To Apply For A $255 Payday Loan Now?

In an emergency, the last thing you want to worry about is joining long queues in the banking hall or filling numerous paperwork. A payday loan is one of the best loan options to explore. Here’s how to apply for one and be rest assured you will get funded:

Fill out information on the payday loan application page

You will be provided with a form here where you are to enter your full legal name, date of birth, address, email and contact information. You may also need to state the purpose of the loan. This should take you five minutes tops.

Get approved

On submission, we will connect you with numerous lenders whose loan offers fit your financial profile. They will review your application, assess your eligibility and approve you for a loan.

Receive and sign quote

You will get loan offers (quotes) from different lenders. Sift through them all and settle with the lender whose loan terms you are most comfortable with. Then, sign.

Get paid

Once that is done, you can expect to get paid soonest; we’re talking anything as soon as from that instant till the following business day.

How much would you like?


Can I Get Payday Loans Online With No Credit Check?

Ideally, you do not need perfect or good credit to get a payday loan. This is because payday loans are designed for people with bad credit or without a credit profile in the first place. Established payday lenders also do not need to conduct hard credit checks on their prospective clients.

These hard credit checks leave footprints on the borrower’s profile and can make their credit score drop by a few points.

They base the borrower’s credit affordability on their current income instead. Their spending history and debt-to-income ratio may also be considered.

What Are the Requirements for $255 Payday Loans?

Unlike with bank loans or credit unions where you must be a member, the eligibility requirements for a $255 payday loan aren’t difficult to meet. Some of the requirements include, that the borrower must have:

  • A valid, government-issued ID or social security number
  • Email address
  • A current salary value of more than $1000
  • An open checking account
  • A physical address
  • A valid phone number
  • Attained the legal age of 18 years old

Although these are the basic requirements, the Central Financial Protection Bureau (CFPB) also recommends that the lender assess the borrower’s ability to repay by considering their current liabilities, outstanding debts, and credit history. The debt-to-income ratio has ceased to be a requirement since December 2020. The CFB recommends using the loan’s price to assess the borrower’s ability to repay the loan instead.

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How much can I borrow?$50-$35,000No hidden fees or charges
I have bad credit. Can I apply?YesBad credit is considered
Over how long can I spread the repayments?1-36 monthsFast decisions
Are credit checks involved?YesSoft credit checks only
Chances of getting approvalsGood256-bit encryption protocol
How to apply?Apply onlineEasy application
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Benefits Of Online Payday Loans

High acceptance rates

Many borrowers take out online payday loans because of how easy it is to secure them. The eligibility criteria are less strict than banks or other lending institutions. Hence, the acceptance rates are pretty high. As long as you fulfill the basic requirements like being at least 18 years old or having a government-issued ID, you stand a good chance of getting approved.

Near-instant approval

You can get approved for a payday loan in as quickly as five minutes. The eligibility and affordability checks needed to be done before approval are done quickly. This near-instant reply to loan requests puts borrowers more at peace than waiting for days, only to get rejected later on.

Bad credit not an hindrance

It’s easier to get a loan from payday loan lenders than from many traditional lenders when you’ve got bad credit. This is because payday lenders are less interested in your financial past or what your credit history says and more interested in whether you can afford to repay the loan within the loan window. These kinds of loans are called payday loans with bad credit.


Payday loans are unsecured. Even people with bad credit can do without turning in their car title or property as collateral. A stable income is already a good confirmation that you can return the amount borrowed plus interest. However, with some lenders, collateral secures you higher amounts in loans.

Several lending options

This mostly applies if you are applying for a loan through a loan broker. With a loan broker like iPaydayLoans, you get access to many lenders with high acceptance rates, and so many opportunities to get a loan in one application. On the other hand, with credit unions, you need to be a member first and with banks, you have to apply for a loan one after the other.

Can boost credit score

Payday loans are taken out to finance emergencies, hence, are mostly borrowed out in short term. A borrower can boost their credit score if they keep to this short term. In other words, pay back within the agreed repayment window and your credit score can climb up by a few points.

Get Cash When You Need It Most

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Alternatives To $255 Payday Loans

Car title loans

Car title loans are funds people take out against their car title. That is, their car title is used as collateral. However, it is not confiscated or withheld by the lender. The borrower is free to use the car so far they do not fail to pay up later on. If you’ve been looking for a way to slash your interest rates by a near-half, a car title loan is worth looking at.

Installment loans

Installment loans have arguably the most convenient payment scheme - ever! Many borrowers struggle to keep up with their normal financial commitments when paying back a loan. Installments are stretched over a period, so that the borrower can still meet up with their regular financial commitments while paying back the loan.

Personal loans

No car or property to turn in as collateral? No problem. You can get a personal loan to sort your financial emergencies, finance weddings or large expenses that your savings can’t take care of. They can be used for any kind of need.

Bad credit loans

In a financial fix but have a poor credit history? A bad credit loan is one viable option for you.  If used properly, a bad credit loan can kickstart a financial turnaround. Paying back on time can improve your credit score by a few points.

Quick loans

Short-term borrowing needs can be taken care of with quick loans. They are called so because of how quickly they are disbursed. Unlike bank loans that can take days to weeks to be approved and disbursed, quick loans can be processed as quickly as 15 minutes. Easy, quick and with easy-to-meet requirements.


Can I Get A $255 Loan The Same Day?

To begin with, you can get approved for a $255 loan in as quickly as under twenty minutes. In the same vein, you get your loan in as quickly as 24 hours. However, this depends on a number of factors including the lender, your bank’s processing speed, and what time of the day you turned in your loan application.

Are There Any Differences Between A Payday Loan And A Personal Loan?

A payday loan is a short-term loan taken out to cover unexpected expenses or utility bills that just can't wait. A personal loan, on the other hand, has a longer payment term, usually at least two years, can be paid in installments and has a lower interest rate.

Can My Credit Score Hinder Me From Getting A Payday Loan?

Traditional lenders like banks and credit unions may not consider loan applications from borrowers with a less than good credit score. On the other end of the divide are non-traditional lenders like payday lenders who have less strict requirements and can approve your application even if your credit score is poor.

What Happens If I Can’t Pay Back My Loan?

Usually, there are consequences for defaulting on a loan. In most cases, you will be required to pay late payment fees. However, if for any reason you foresee a late payment, contact the direct lender. They may absolve you of a late payment fee and work out a more comfortable payment plan for you.

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Get Funded Soon with iPaydayLoans

iPaydayLoans can help you get a $255 payday loan as soon as you need it. No snoozing, no slouching. We will connect you with lenders who can help you quickly.

Get a Quote

iPaydayLoans is a company committed to connecting borrowers to hundreds of reputable online lenders to apply and get small-dollar payday loans quickly, easily, and securely, helping cope with life emergencies like paying medical bills, home, or car repairs, and so on.

Customer Note: A payday loan is traditionally used to help people borrow a small sum of money until the next upcoming payday. It's a short-term solution to cover unexpected expenses when people have no savings or deep pockets. Those who find themselves in a bind with their budget and want to refill it with credits should seek the advice of a professional financial assistant. A borrower also has to peruse local regulations related to a payday loan.

Availability: The service of this platform may not be accessible to people based in restricted states. Please check the local regulations to find out its availability in the area. Rules of this website are subject to change without notifications.

NOT A LENDER Disclosure: iPaydayLoans is not a lender but a broker and does not charge you any fees for our broker services. The lenders or other broker services we introduce to our customers through this website may pay us commissions if customers enter into a credit agreement with them.

Disclaimer: iPaydayLoans is not a lender, does not take applications or make loans or credit decisions. We are not an agent, representative or broker of any lender. We provide a service to connect you to a lender from our network. We do not control and are not responsible for any lender's actions or decisions.