Choose a country
United States
Select a city
Select a city
Select language
Select country
Choose a country
United States
United States
Việt nam

$255 Payday Loans in The United States

Navigate financial crunches with ease using our reviewed $255 payday loans online. We offer same-day solutions with no credit check, perfect for bad credit situations. Our selection emphasizes direct lenders, ensuring a speedy and straightforward borrowing process for your urgent financial needs.
Offers: 2
Best Quick Loan Today 27.02.2024*
Need a Quick Loan Now?
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
100.00 – 2000.00 $

Effective interest rate on the product

0.05 – 2.50 %

Loan term for the financial product

5 days – 3 months
Submit One Loan Application Online!
Submit One Loan Application Online!

Use our quick loan matching system with a free credit check!

Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

(20 Ratings)
Recommended FinScore™

Effective interest rate on the product

from 4.00 %

Loan term for the financial product

to 1 months
$255 Payday Loans Calculator of February 2024 in The United States

Utilize our Payday Loans Calculator for precise estimates on potential loan amounts, interest rates, and repayment plans in the U.S. An indispensable tool for your short-term borrowing needs.

Loan Amount

Specify the desired loan amount

255 $
1500 $
Loan Term

Specify the loan term for the calculation

The application process was a breeze, and I received a response within minutes. This straightforward and prompt procedure proved to be a great help to me during a crucial time of need.
JG Wentworth
The assistance I received was exceptional. My representative handled my case with care and provided all the necessary information...
OneMain Financial
The loan application process was straightforward, and the representative I interacted with displayed patience, provided informative answers, and was quite pleasant throughout...
My Funding Choices
The process was swift and straightforward, which was particularly helpful during a time when, despite my reluctance to seek assistance, I genuinely needed help.
Plain Green Loans
The interest rate is shockingly high, and it feels like taking advantage of individuals facing financial challenges when unexpected expenses arise...
Advance America
I have never encountered any issues with this company. They consistently deliver funds on time, and the repayment process is straightforward...
$255 Payday Loans

Financial emergencies can strike at any moment, leaving us in dire need of quick cash. When faced with unexpected expenses or unforeseen bills, a $255 payday loan can be a lifeline. In this comprehensive guide, we will explore everything you need to know about $255 payday loans, including their features, pros and cons, how to get one, and much more.

$255 payday loans are a specific type of short-term, unsecured loan designed to provide individuals with quick access to a relatively small amount of cash, typically around $255, to address immediate financial needs. These loans are especially useful for covering unexpected expenses or bridging financial gaps until your next payday arrives.


  1. Short-Term Repayment. One defining characteristic of $255 payday loans is their short-term repayment period. Borrowers usually need to settle the loan and any applicable fees and interest by their upcoming payday. This short repayment window is in contrast to traditional installment loans, which may have longer repayment terms spanning several months or years.
  2. Quick Application and Approval. $255 payday loans are known for their streamlined application process and swift approval. Borrowers can often complete the application online or in person at a lender's physical location. Approval decisions can be made within hours, and funds are typically disbursed quickly, often within one business day. This speed is particularly advantageous for those facing urgent financial crises.
  3. Minimal Eligibility Requirements. Compared to traditional loans, payday loans typically have fewer eligibility requirements. While criteria can vary between lenders and states, common requirements include being at least 18 years old, having a steady source of income (such as employment or government benefits), providing proof of identity, and having an active bank account. Importantly, payday lenders may be more lenient with credit history, making these loans accessible to individuals with less-than-perfect credit.
  4. Higher Interest Rates. It's essential to be aware that payday loans often come with higher interest rates compared to other forms of credit, such as personal loans or credit cards. The annual percentage rate (APR) for payday loans often becomes significantly higher because of their short-term duration and the accompanying fees. Borrowers should carefully review the loan terms and understand the total cost of borrowing before committing to a payday loan.
  5. Use Cases. $255 payday loans are typically used for addressing immediate financial needs and unexpected expenses. Common use cases include covering medical bills, car repairs, utility bills, rent or mortgage payments, and avoiding late fees or penalties. These loans can serve as a financial bridge for individuals facing temporary cash shortages between paychecks.
  6. State Regulations. Payday loan regulations vary from state to state, and some states have implemented stricter rules to protect consumers. Borrowers should be aware of their state's regulations regarding payday loans, including maximum loan amounts, interest rates, fees, and repayment terms. Working with licensed and reputable lenders who comply with state laws is crucial.

Pros and cons


Speed. The most significant advantage of a $255 payday loan is the speed at which you can get the money you need.

Accessibility. These loans are available to individuals with bad credit, as they primarily consider your ability to repay rather than your credit history.

Convenience. Many payday lenders offer online applications, making it easy to apply from the comfort of your home.


High Costs. The interest rates on payday loans can be considerably higher than other forms of credit, leading to a debt cycle if not managed responsibly.

Short Repayment Period. These loans' short-term nature can pressure borrowers to repay quickly, potentially leading to financial stress.

Predatory Lenders. Some payday lenders may engage in unfair lending practices, so choosing a reputable lender is essential.

How to get a $255 payday loan?

Apply For a Loan

  1. Review State Regulations. Be aware of the payday loan regulations in your state. Different states may have varying rules regarding maximum loan amounts, interest rates, and fees.

  2. Research Lenders. Start by researching payday lenders in your area or online. Look for reputable lenders with a history of fair lending practices and compliance with state regulations.

  3. Check Eligibility. Review the lender's eligibility criteria, which typically include being at least 18 years old, having a steady source of income, providing proof of identity, and having an active bank account. Ensure you meet these requirements before proceeding.

  4. Gather Documentation. Collect the necessary documents, such as your driver's license or state ID, proof of income (e.g., pay stubs or benefit statements), and bank account information.

  5. Compare Loan Terms. Carefully compare the loan terms offered by different lenders. Pay attention to interest rates, fees, and repayment schedules. Understand the total cost of borrowing before selecting a lender.

  6. Apply Online or in person. Most payday lenders offer the option to apply online or in person at their physical locations. Choose the application method that is most convenient for you.

  7. Complete the Application. Fill out the loan application form accurately and honestly. Provide all required information, including personal, income, and banking information.

  8. Loan Approval. Once you submit your application, the lender will review it and assess your eligibility. Approval decisions for payday loans are often made quickly, sometimes within hours.

  9. Review Loan Terms. If your loan request is approved, carefully review the loan terms and conditions provided by the lender. Pay attention to the interest rate, fees, and the due date for repayment.

  10. Accept the Loan. If you agree to the terms, you can formally accept the loan offer. This may involve signing a loan agreement electronically or in person.

  11. Receive Funds. After accepting the loan, the lender will typically disburse the funds to your bank account. In most cases, you can expect to receive the money within one business day.


To qualify for a $255 payday loan, you typically need to meet the following criteria:

  • Be at least 18 years old.

  • Have a steady source of income, such as a job or government benefits.

  • Provide proof of identity, such as a driver's license or state ID.

  • Have an active bank account.


  1. Short-Term Repayment. Payday loans are known for their short repayment periods. Borrowers are generally required to repay the loan on or before their next payday, which usually falls within two to four weeks from the loan disbursement date.

  2. Interest Rates. Payday loans often come with higher interest rates compared to traditional loans, for example, around 400% or higher. The annual percentage rate (APR) for payday loans can significantly increase because of their short-term nature. Borrowers must understand the specific interest rate applied to their loans.

  3. Fees. In addition to interest, payday loans may include various fees, such as application fees, processing fees, and late payment fees. These fees can significantly impact the total cost of borrowing, so borrowers should review the loan agreement carefully.

  4. Repayment Method. Payday loan repayments are typically collected electronically from the borrower's bank account on the agreed-upon due date. Borrowers must ensure they have sufficient funds in their account to cover the repayment to avoid additional fees.

  5. State Regulations. Payday loan regulations vary from state to state. Some states impose restrictions on interest rates, fees, and loan terms to protect consumers. Borrowers should be aware of and comply with their state's payday lending regulations.

  6. Automatic Renewals. Some payday lenders may offer automatic loan renewals, which can lead to additional fees and interest charges if the borrower does not repay the loan on time. Borrowers should clarify whether automatic renewals are part of the loan agreement.

  7. Loan Limits. Depending on state regulations, there may be limits on the number of payday loans a borrower can have simultaneously or within a certain period. Exceeding these limits can lead to financial difficulties.

  8. Credit Reporting. While payday lenders typically do not report loan activity to major credit bureaus, they may use alternative methods to assess a borrower's creditworthiness. However, non-payment of a payday loan can negatively impact credit scores.

Ways to receive the money

When you're approved for a $255 payday loan, you can typically receive the funds through:

  • Direct deposit into your bank account.

  • Cash pick-up at a physical location.

Things to pay attention to

  1. State Regulations. Payday loan regulations vary by state, with some states imposing stricter rules on interest rates, fees, and loan terms to protect consumers. Familiarize yourself with the regulations in your state and ensure that the lender you choose complies with these laws.
  2. Interest Rates and Fees. Payday loans often come with high-interest rates and various fees, which can significantly increase the overall cost of borrowing. Pay attention to the Annual Percentage Rate (APR) and all associated fees, including application fees, late payment fees, and any other charges. Compare these costs among lenders to find the most affordable option.
  3. Lender Reputation. Research the reputation of the payday lender you plan to work with. Look for online reviews, testimonials, and ratings from previous borrowers to gauge their trustworthiness and customer service. Reputable lenders are more likely to provide transparent loan terms and fair treatment.

How to repay a $255 payday loan?

  1. Review Your Loan Agreement. Carefully read the terms and due date in your loan agreement.

  2. Calculate Repayment Amount. Determine the total repayment amount, including principal, interest, and fees.

  3. Choose a Repayment Method. Opt for automatic withdrawal, in-person payment, or online payment based on your lender's options.

  4. Set a Reminder. Mark the due date on your calendar or set a reminder on your phone.

  5. Check Account Balance. Ensure you have enough funds in your bank account to cover the repayment.

  6. Obtain Confirmation. Request a payment confirmation or receipt from the lender.

  7. Monitor Your Account. Keep an eye on your bank account to confirm correct payment processing.

  8. Adjust Your Budget. After repayment, adjust your budget for upcoming expenses and consider financial counseling if needed.


Apply For a Loan

  1. Payday alternative loans (PALs) are offered by many credit unions as a more affordable alternative to traditional payday loans. They come with lower interest rates and longer repayment terms, making them easier to manage. Eligibility requirements may vary, but they are often more flexible than those of payday loans.

  2. Credit builder loans are designed to help individuals with limited or poor credit history build or repair their credit. These loans typically have lower interest rates than payday loans and are structured to encourage regular, on-time payments.

  3. Secured loans are backed by collateral, such as a savings account, or a valuable asset, such as a vehicle. Because they carry less risk for lenders, secured loans often come with lower interest rates and more favorable terms than payday loans. However, it's crucial to be cautious and only consider secured loans if you can confidently meet the repayment terms.

  4. Personal installment loans are unsecured loans that allow you to borrow a specific amount of money and repay it in fixed monthly installments. These loans typically have longer repayment periods and more reasonable interest rates compared to payday loans.

Editorial opinion

The use of $255 payday loans can be a double-edged sword, offering quick financial relief while potentially leading to a cycle of debt. While these loans serve a purpose for those facing immediate financial crises, they often come with high-interest rates and short repayment terms, making them a costly choice. It's crucial for individuals considering payday loans to weigh their options carefully and exhaust alternatives that offer more favorable terms. While some payday lenders emphasize responsible lending practices, the industry as a whole has faced criticism for its predatory lending tactics. Payday loans can disproportionately affect vulnerable communities, perpetuating a cycle of financial hardship. Therefore, policymakers need to continue regulating payday lending practices to protect consumers from excessive interest rates and fees. Ultimately, payday loans should be approached with caution and used sparingly. Building an emergency savings fund, improving financial literacy, and exploring affordable credit alternatives are important steps toward financial resilience. By making informed decisions and advocating for responsible lending practices, individuals can better navigate the challenging terrain of short-term lending and strive for long-term financial well-being.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.


At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Other Loans


Can I get a 255 loan online?

Yes, many lenders offer the convenience of online applying for a $255 payday loan. Online payday loan applications typically involve filling out a form on the lender's website and providing the necessary documentation electronically. The online application process is often faster and more accessible than visiting a physical storefront. However, it's essential to choose a reputable online lender and ensure that you meet their eligibility criteria before applying.

Can I get a 255 loan with bad credit?

Yes, obtaining a $255 payday loan with bad credit is possible. Payday lenders often have more lenient credit requirements compared to traditional banks and lenders. While your credit history may not be a significant factor in the approval process, lenders typically consider other factors, such as your income and ability to repay the loan. However, lenders may use the credit check as one of several factors in their lending decision. Keep in mind that payday loans are designed for short-term financial needs, and bad credit borrowers should exercise caution and only borrow what they can repay to avoid further financial challenges.

Can I get same-day $255 payday loans online?

Yes, some lenders offer same-day payday loans online for $255. The speed of the process can vary depending on the lender's policies and the time of day you apply. To increase your chances of receiving funds on the same day, it's crucial to complete the application accurately and provide any required documentation promptly. Additionally, applying during the lender's business hours can expedite the approval and disbursement process.