Best Online Payday Loans In 2022: Top Bad Credit Lenders For Personal Loans

Today almost everyone’s financial situation can turn sour fast. One day you are financially stable, and the very next, you may be scrambling to find enough funds to pay your rent. It is hard not to panic should such a situation arise, but keeping a cool head on your shoulder is critical.

The best thing you can do to secure your future is to plan ahead of time. However, not everyone has the habit of saving up for a rainy day. Luckily for such individuals, there is still a solution to be had. You can always go online and apply for a loan, but you need to avoid falling for any scams. So, we decided to find the most reliable platforms offering swift online payday loans.

Top 5 Loan Companies For Payday Loans Online

  1. MoneyMutual: Overall Best Online Payday Loans On The Market
  2. FundsJoy: Trusted Direct lenders For Same Day Loans
  3. RadCred: Leading Payday Lenders For Quick Cash
  4. Bad Credit Loans: Best Bad Credit Loans For Poor Credit Score
  5. CashUSA: Top Loan Lenders For Cash Advance With Instant Approval

#1. MoneyMutual: Overall Best Online Payday Loans On The Market

If you are looking for a reliable lending network to apply for a payday loan, then you will find MoneyMutual on top of everyone’s recommended list. The network was first established in 2010 and has since helped more than two million people get their much-needed funds. Perhaps the best thing about the network is that it even accepts applicants with bad credit scores.

In fact, the creators made the company because they were shocked to find out that 4 in 10 American citizens could not even come up with $400 should an emergency arise. So they decided to take matters into their own hands and help such individuals dig themselves out of debt.

Applying on MoneyMutual is incredibly easy. The form takes no more than five minutes of your time to fill out. After you submit the application, the network will connect you with a prospective lender.

Another exciting piece of information about MoneyMutual is that it has a pretty famous spokesperson, which is not the case with other lending networks. MoneyMutual’s spokesperson is none other than Montel Wiliams, the famous talk show host, further inspiring trust in the platform.


In order to get a loan from a lender in MoneyMutual’s network, you will first need to fill out the application form provided on the website. The application will need information like your name, phone number, email, current address, and why you are looking for a loan.

Once you are done putting down the information, MoneyMutual will review your application. And once approved, the platform will send it out to their network of lenders. Then the lenders that are ready to give you a loan will make you their offers. You can go through the loan offers and decide if they are suitable for your needs. If not, you should feel free to decline it.

MoneyMutual has a pretty extensive lending network. There are over sixty lenders available to all applicants. With such a vast network, anyone can find a lender willing to loan them the money they need.

However, remember to be careful when discussing the loan with your lender and pay close attention to the interest fees and terms. This is because MoneyMutual acts only as the middleman between you and the lender. Once you are connected, the network takes a step back, and you are on your own.

  • Eligibility requirements and loan terms

MoneyMutual has some eligibility requirements that all applicants must meet if they want to be approved for a loan. Among the requirements are: that the applicant must be at the very least 18 years old, have an active bank account in their name, a valid email address, provide your SSN, and be a citizen or a permanent resident of the US.

You can apply for a loan between $200 and $5,000, which is an excellent range for those with poor credit scores. But the maximum amount available on the network is $35,000. The loan terms on MoneyMutual are known to last up to 60 months, depending on your contract with the lender.

With MoneyMutual, you will not need to worry about your information falling into the hands of hackers. The network takes the necessary precautions to protect the private data of its clients and lenders by using advanced encryption technology.

Plus, the network is part of the Online Lending Alliance, which ensures that no lending network that is a member of the organization collaborates with sketchy lenders. All of this proves that MoneyMutual is one of the most reliable lending networks online.


  • Accepts applicants with bad credit
  • Over two million satisfied borrowers
  • Loans for bad credit available for up to $5,000
  • The network allows for a joint application
  • Over sixty lenders are available
  • Fast transfer of funds
  • It is free to apply on the website
  • There are no hidden charges
  • Loan terms can last up to sixty months
  • Secure lending network


  • Not available in every state in the United States
  • A monthly income of $800 is required

=> Click here to visit the official website of MoneyMutual

#2. FundsJoy: Trusted Direct lenders For Same Day Loans


FundsJoy is another lending network working to provide people with bad credit scores with the necessary funds. The network first began its operations in 2018, so it is one of the youngest on our list. However, do not let its youth discourage you from signing up on the network. The platform’s success and ever-growing popularity speak for themselves.

Besides creating a lending network to help those with poor credit, the creators also made the platform to help people have a convenient way to apply for a loan. With FundsJoy, the entire application process is online, allowing borrowers to avoid the anxiety and stress of in-person applications. And not to mention the long waiting times in banks and large crowds.

On FundsJoy, you can apply for various loans like payday, personal, emergency, student, bad credit, and more once you are connected with a lender and discuss all the terms related to the loan. The lender may transfer the funds into your bank account within 24 hours. So you will not need to wait for days to hear if your application form is approved.

You can use the money for whatever reason you need as the lender or FundsJoy imposes no restrictions. Furthermore, a stable internet connection is all you need to apply for a loan on the network.


  • Application process and eligibility criteria

As with every other network on this list, you will need to fill out an application form before being connected with a lender. FundsJoy requires no paperwork. You need to provide the personal data, which takes no more than 10 minutes. The form will ask for your name, address, email, and the purpose of the loan.

There are some requirements that you must meet but do not worry. They are pretty standard and similar to those of other networks. The eligibility criteria include being of legal age 18 or over. You must also be a citizen or a permanent resident of the United States. You will also need to provide your Social Security Number, proof of steady monthly income, and an active checking account.

  • Partnered with the three credit bureaus

The FundsJoy lending network is partnered with the three credit bureaus, Equifax, Experian, and TransUnion. All applications for loans relating to bad credit are sent across the bureaus for final approval of the loan application.

Once they go over your application, they decide if you are eligible for approval. They will send you the funds as fast as possible. Partnering with the credit bureaus makes the loan approval for emergency loans much faster.

With FundsJoy, you can apply for loans ranging from $200 up to $5,000. With this kind of range, you will be able to get as much as you need, whether it is just a few hundred bucks or thousands. The terms and interest rates depend on your lender, so you will need to pay attention when discussing them, as FundsJoy will take a step back. Once all is said and done, you can expect the funds to be available within the same or the next working day.

FundsJoy is one of the most flexible money lending networks online. The platform shows this flexibility by allowing its borrowers to choose the amount of money they want to borrow. Also, once they connect you with a lender, you will be able to review their loan offer and adjust your preferences to make sure that the repayment plan is good for you.


  • Transparent and reliable lending network
  • You can borrow up to $5,000
  • Accepts borrowers with bad credit score
  • A secure and encrypted website
  • Straightforward application process
  • Fast transfer of funds
  • Flexible repayment terms
  • Partnered with the three credit bureaus
  • Free for borrowers to apply
  • Suitable for phone, tablet, and computer


  • If you are unable to repay your loan, your credit will be impacted
  • You must provide proof of income

=> Click here to visit the official website of FundsJoy

#3. RadCred: Leading Payday Lenders For Quick Cash


Last but not least on our list is RadCred. It is one of the most reliable and trustworthy money-lending networks today. The network is based in Utah and is an excellent choice for people with less than ideal credit scores to get funds fast. RadCred’ website is very easy-to-navigate, so it will be easy for anyone to apply for a loan.

Moreover, the network has lenders on its platform that offer various loans, including payday, emergency, bad credit, vehicle, personal, etc. All you need to do to get one of these loans is fill out the application form provided on the website. Best of all, it is free of charge and straightforward to fill out.

After you finish your application, RadCred will send it out to the lenders in its network, who will reach out to you with their loan offers. However, if the offers are not meeting your needs, you should feel free to decline the offer. But if you do accept, the lender may deposit the funds to you in one working day.

If RadCred cannot find you a lender in their immediate network, it may show ads for third-party lenders. Furthermore, you should not worry about your privacy as the network makes sure to use security measures that protect its clients’ and lenders’ data.


  • Application process and eligibility criteria

As we have already mentioned, the application process is very fast and easy to get through. RadCred will provide you with a form that you need to fill out with private details such as your name, phone number, current address, and similar. The network will then review your application.

However, read through the eligibility requirements before applying to see if you meet them. RadCred’ requirements for its applicants are that they must be of legal age, usually 18, to be a citizen of the United States. You will need an active bank account and a valid email address.

The APR varies depending on your credit score, the loan you choose, and the amount you want to borrow. The APR you qualify for can vary substantially since RadCred connects you with a lender that can suit your demands. The interest rates on these loans are in the range from 5.99 percent to 35.99 percent.

The lending companies of RadCred provide unsecured loans varying from $500 to $35,000. Not everyone will be eligible for the maximum loan amount, which is determined by factors such as income, credit score, and other criteria.

Loan periods range from six to 72 months, based on the type of loan, the amount requested, and the applicant’s credit score. There is no penalty for paying early, and you can pay once or twice a month. Depending on what type of loan you receive, origination fees might range from 1 percent to 5 percent per loan.

With RadCred, you can rest assured that your private information will be protected and safe. The lending platform takes various security measures to ward off hackers that are trying to gain access to data like the banking details of clients to steal their money. For that purpose, the network uses advanced encryption technology.

You will not have to worry about RadCred sharing your info with anyone outside the network’s trusted partners. RadCred may only share the basic information with trusted lenders in their extended network if they cannot connect you with someone in their immediate one. The platform does this by showing you ads about the online lenders.


  • Simple application process
  • The maximum loan amount is $35,000
  • Excellent choice for people with bad credit scores
  • Various types of loans are available
  • Free of charge service
  • There are no hidden fees
  • Advanced encryption technology
  • Fast transfer of funds
  • Extended network of lenders
  • Easy-to-navigate website


  • Applicants must have a monthly income of $2,000 after taxes
  • Available only for citizens of the United States

=> Click here to visit the official website of RadCred

#4. Bad Credit Loans: Best Bad Credit Loans For Poor Credit Score


Bad Credit Loans is among the pioneers of online lending networks. It was created in 1998, so it has two decades’ worth of experience under its belt. The reason for their success running so long is that the network is dedicated to helping people rebuild their credit scores. Bad Credit Loans has more than 750,000 satisfied clients that sing its praises.

Furthermore, the platform has an anti-discriminatory policy when it comes to the lenders it features in its network. This means that on Bad Credit Loans, you can find state and tribal lenders. However, you should know that while state lenders answer to state law, tribal do not.

On Bad Credit Loans, you can apply any time you want. This is because its creators know that emergencies do not only strike during working hours. The network is available 24/7, and you can apply whenever you want. The website is very easy to navigate, so you will have no issues when signing up.

However, keep in mind that the Bad Credit Loans network only acts as the bridge between borrowers and lenders. Once you are connected with a lender, the network will leave you alone to discuss the amount and loan terms.


  • Application process and eligibility requirements

The application process is pretty straightforward. You will need to provide basic personal information like your name, address, phone number, valid email address, and the reason for the loan. Bad Credit Loans also has its own set of eligibility requirements for the applicants, including they must be at least 18 years old, a citizen, or a permanent resident of the United States.

The applicants will also need to show proof of a steady monthly income and an active bank account for the lender to transfer the money into. If you meet all of these criteria, your application will be approved, and you will get your loan.

On Bad Credit Loans, the loan limit for those with bad credit scores is higher than on other money-lending networks. You can apply for the loan limit from $500 up to $10,000. But if your credit score is in terrible shape, it is recommended that you apply for a lower amount of loan, as they are easier to repay.

The loan terms are set by the lender that the network connects you with, but they are known to last from three to 72 months. The terms are determined based on the amount you want to borrow. If you miss your repayment dates, you may be penalized, which is something you want to avoid.

Bad Credit Loans does not only help people get loans with poor credit scores, but it also offers them advice on how to spend them. On the network’s official website, you will be able to learn all about managing your finances and how to invest your money wisely. You will be able to read articles about the financial world and also learn how to budget effectively.

With Bad Credit Loans, you will not need to worry about your data being stolen, as the network makes sure to use the latest technology in order to protect the privacy of the borrowers and lenders on the platform. The website is protected with advanced encryption technology, meaning no hackers will be able to get to your private information like bank details, address, and other such sensitive data.


  • Made specifically for people with bad credit scores
  • You can apply and be approved for a loan up to $10,000
  • Fast transfer of money
  • The website is free of charge
  • Straightforward application process
  • There are no hidden fees
  • Advanced encryption technology
  • The loan terms can last as long as 72 months
  • More than 750,000 satisfied clients
  • There is debt consolidation available


  • Strict income criteria
  • Only available for citizens of the United States

=> Click here to visit the official website of BadCreditLoans

#5. CashUSA: Top Loan Lenders For Cash Advance With Instant Approval


CashUSA is another top-rated money-lending network. It was created in 2004 and has since gained popularity as the place to go if you need cash fast. The company is based in Las Vegas, Nevada. Like the rest on our list, this platform connects borrowers looking for a loan with lenders willing to provide it.

CashUSA is an excellent choice for those with bad credit scores, as the platform accepts applicants with all kinds of credit scores. Furthermore, like Bad Credit Loans, it also features both state and tribal lenders. Tribal lenders may charge much higher fees if you decide to accept an offer from one of them.

The network is often preferred over others among people with bad credit scores as they can get offered twice the amount compared to the other networks. CashUSA does not impose any restrictions on how you can spend the funds once you acquire them. You can use the loan to pay your bills or repay existing debt. It is up to you.

All you need to do to get a loan from the network is fill out the provided application on the website. Then CashUSA will connect you with a lender suitable to your needs, and you can decide if you want to accept their loan offer.


Before getting a loan, you will, of course, need to apply first. Luckily, the application process is pretty straightforward and will take no more than five minutes to finish. You will need to provide CashUSA with some details like your name, address, phone number, email address, and the purpose of the loan you want to take out.

After you fill out and submit the application form, the lending network will review it and decide if it is going to approve it. If approved, they will send out your application to the lenders available on the platform. The lenders will reach out to you with their offers.

Eligibility requirements are common practice for every online lending platform, so it is not surprising that CashUSA also has some of its own. The eligibility criteria for a loan on the CashUSA network are pretty standard and easy to meet. They include that you must be at least 18 to apply, be a citizen or a permanent resident of the US, which you will need to prove with a passport or a visa.

The network will also need to provide proof of a steady monthly income of at least $1,000 after taxes. You will need an active checking account in your name for the lender to deposit the funds and a valid email address.

The loan limits available on CashUSA depend on the lenders. However, the minimum amount is known to be $500, while the maximum is $10,000. If your credit score is particularly bad, you should consider applying for one of the lower amounts available. This is because you will need to repay the loan, not to mention the interest rates that will accumulate if you do not pay on time.

The loan terms on this lending network last between ninety and 72 months, depending on the amount of loan you take out. CashUSA does not set the loan terms. They are set according to the lender.

  • Automatic repayments and educational center

With CashUSA, you will not need to worry about missing your payments as the network has an automatic repayment feature. With automatic repayment, the lender will be able to withdraw the amount you owe directly from your account on your payday.

Another great feature of CashUSA is its Education Center section on the official website. Here you will be able to learn more about the world of finances, banking, how to improve your credit score, and get out of debt.


  • Excellent choice for people with bad credit
  • Various types of loans are available
  • Fast transfer of money
  • Straightforward application process
  • Automatic repayment
  • The maximum loan you can apply for is $10,000
  • The loan terms can last up to 72 months
  • Educational center
  • Tribal and state lenders are available
  • Free service to use


  • You must make at least $1,000 a month to be eligible
  • Not available internationally

=> Click here to visit the official website of CashUSA

How We Made This List


There are numerous instant payday loan networks on the internet. If you are not careful, you can fall victim to hackers who do everything they can to grab your personal and financial information and use it to steal your money.

Thankfully, some of these businesses are trustworthy and dedicated to providing bad credit loans to those who require them. They accomplish this without defrauding their customers. If you are lucky, you will come across companies that do not lie about their business dealings, including their history.

Others prefer to stay anonymous and refuse to divulge any information about how they run their businesses. We elected to focus our efforts on open and honest businesses about all aspects of their operations.

Easy application process

The greatest poor credit lenders in the industry have invested millions of dollars in developing functioning and user-friendly websites. Those that are hesitant to make such a significant expenditure will frequently have user interfaces that are poorly designed.

Before assessing each platform, we looked at how easy it was to apply for a loan with poor credit. We preferred websites with a simple application procedure that took no more than a few minutes to complete.

Interest rates

The lenders are competing against each other depending on the current interest rates. You should be aware that people with bad credit loans will always have a higher interest rate than loans for people with good credit.

In short, poor credit loans are costly, so be prepared to spend more. Nonetheless, the legislation has put in place safeguards to ensure that these companies’ interest rates do not surpass certain thresholds. In determining our rankings, we looked at the total cost as well as the interest rates.

What to Know When Looking for the Best Payday Loan Online


Before asking a lender for a loan, you should go to the websites we linked above and study their credit requirements. The FICO score that each lender is seeking on such sites is usually listed on them. Other considerations, like the amount you owe a lender vs. how much money you make each month, play a role in evaluating whether or not you are eligible for such loans.

If you have a stable income, a lender is less likely to be concerned about your bad credit and is more likely to grant you the money you need. On money lending networks, you can see the requirements and factors by which lending institutions decide whether or not to lend you money.

Interest rates

Lenders offer more significant interest rates on loans that do not ask for a good credit score than on loans that do. Meaning, that if you take out a loan from any of the sites listed above, you should expect to pay a higher interest rate. However, this does not mean you must pay outrageous interest rates.

As a result, you should check the interest rates from various loan providers before making your decision. Also, remember to keep in mind that you will not have to pay high interest on your loan if you have a strong credit score.

Additional charges

Fees and other loan charges may be familiar to people with poor credit scores. Late loan payments, checks returned by the bank, and other events might result in these penalties. Individuals who do not have enough funds in their accounts to make prepayments may need to pay some charges.

Fees for processing loans may be applied, and these are often stated openly by the lender. It is vital to know that these costs can account for a large amount of the loan, making them essential for individuals considering loaning from such lenders.

FAQs Regarding Short Term Loans & Payday Loans

What is a payday loan?

A payday loan is a type of financing in which a lender loans you money at a high-interest rate based on your salary. The loan’s repayment is usually a percentage of your next paycheck. Payday loans have high-interest rates since they are used for short-term credit. They are also known as check advance loans and cash advance loans.

Payday loans are often intended to be paid off in one sum when you receive your next paycheck. As a result, the interest rate on these loans is not set in stone. In reality, many payday lenders do not charge an interest rate at all; instead, they impose a predetermined flat cost that might range from $10 to $30 for each $100 borrowed.

Can you take out a loan if your credit is bad?

Even if you have a bad credit report, getting short-term emergency finance online is feasible. The websites we examined above can occasionally provide you with the funds you need in as little as 24 hours. You might even get the money within just a couple of hours in some circumstances. After submitting the form and having the application approved, you can ask for the funds to be transferred to you as soon as possible.

They may place restrictions on your loan amount and the terms of your repayments, but the idea is that you can get emergency cash from these services even if you have a low credit score.

How can you improve your credit score?

Making on-time loan prepayments and payments is the quickest and most straightforward approach to increasing your credit score. You should avoid late payment penalties as much as possible because they might negatively impact your credit score. If you pay off any existing debts, your FICO credit score may rise over time.

A solid credit score is a good indicator of your financial health, and it can influence the kind of loans and interest rates you can get in the future. As a result, you should be aware of your credit score and what you can do to raise it.

Conclusion: Get Instant Loan Approval From Top Payday Loan Lenders

That concludes our review of the most reliable networks when it comes to online payday loans. All of the networks included on our list are welcoming to individuals with bad credit scores. Most of them are made specifically for such individuals, as they know how hard it can be for those with poor credits to find a lender willing to loan them money.

Furthermore, the platforms are fully dedicated to protecting their clients’ and lenders’ sensitive information. They use strict security measures, so you will not need to worry about someone accessing your bank account or other vital data.

The news and editorial staff of Sound Publishing, Inc. had no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

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William M. Mayer