255 Dollar Loan – 5 Best $255 Payday Loan Options in 2021

In these difficult economic times, most people have problems paying the usual bills such as paying for your car, food expenses, electric bills, rent, or rent. In such cases, you may find yourself in hot water, if you don’t find a quick solution.

In the worst-case scenario, your car could be repossessed, you may be evicted from your home, or the power company could cut your home’s electricity. The best solution is to find a 255 payday loan to sort these issues. So what are some of the best 255 payday loans? 

#1 255 Payday Loan in 2021 – Viva Payday Loans

Best 255 Dollar Loans – 5 Options

  1. Viva Payday Loans – Overall Best 255 Dollar Loan Provider. Visit now.
  2. Money Lender Squad – Best For $255 Payday Loan. Visit now.
  3. Credit Clock – Best for Fast 255 Loan Approvals. Visit now.
  4. Very Merry Loans – Best for Same Day 255 Loan Payouts. Visit now.
  5. Heart Paydays – Best for Loan 255 No bank Account. Visit now.

What Are 255 Payday Loans

$255 Payday Loan is a small-dollar instant money advance that you can obtain online to sort any unexpected expenses. Direct lenders provide $255 payday loans to help out borrowers to meet their unique financial requirements.

For instance, if you are short on cash during a given month due to an emergency or a special event such as a birthday celebration, you can always seek a $255 loan with a payday loan lender and be approved in just a few hours, then use the money for that specific need.

Furthermore, these loans can help you go through the month if you had exhausted your monthly upkeep amount in an emergency and now need extra cash to get through the month.

Common Uses Of 255 Payday Loans

1. Loan For Debt Consolidation

There are payday loan seekers who apply for loans to clear off other debt. For example, you could use a loan from one lender to settle another loan from a different lender. Or to pay a debt from a different source, such as a credit card. In such cases, it’ll be wise to seek a loan from a payday loan with a lower interest rate than you owe on the other debt.   

2. Avoiding Asking Friends and Relatives

People may wonder why other people prefer borrowing loans from professional lenders and not from friends and relatives. This is because money from a lender belongs to a business rather than a person you’re acquainted with. Besides, borrowing a few bucks from friends and family always feels a lot safer than securing a loan from a professional lender. 

And though loans from family and friends may not attract interest, like the payday companies, there are no well-structured policies like in the payday systems, which can lead to disputes. For this reason, many people prefer to incur the interests from the payday loan providers instead. 

3. Loans for a Medical Emergency

Most people find emergency medical expenses too expensive, especially for those without health insurance coverage. It could cost anything from $2000 to hundreds of thousands, depending on the patient’s condition and the type of treatment required. What’s worse, the amount usually accrues interest like any other loan if paid the bill right away. 

One of the most common reasons people use payday loans or short-term loans is to cover medical expenses. But even this approach can be costly. Getting health insurance is the best way to avoid finding yourself in this dire situation.

How To Qualify For 255 Payday Loans (Eligibility Criteria)

To qualify for a  $255 payday loan, one meets the following requirements:

  • Must be at least 18 years 
  • Must have a working email address and phone number
  • One must provide a home address and proof of residence as a legitimate US citizen
  • You must provide information about your income, including annuity, disability, or other relevant sources of revenue. Income sources vary, so consult your lender to check the available options for you.
  • Proof of your identification
  • Provide active bank account and has been used for at least one month
  • Evidence of current employment or a regular source of income
  • You shouldn’t apply for more than $255

Before applying, take the time to research what other information you may be required to submit. The requirements vary depending on the lender and the state.

Best 255 Payday Loans Online – 5 Best Option

There are thousands of cash loans wired in 60 minutes, making choosing from such a long list extremely difficult. As a result, we have lined up a list of the leading five cash loans wired in just an hour:

1. Viva Payday Loans – Overall Best 255 Loan Provider

Viva Payday Loan is your ideal broker if you search for an online payday dealer that allows you to apply for short-term loans from leading lenders. This platform is in the business of helping out with financial assistance in cases of emergency. 

Available loan options at Viva payday loans include:

  • Amount ranging  between $100 and $5,000
  • Repayment for 2 to 24 months
  • Interest rates range from 5.99% to 35.99%, depending on the amount and period.

The lenders that partner with Viva Payday Loans offer loan options tailored for any type of financial crisis. Therefore, whether you need huge amounts to buy machine equipment to run your business smoothly and maximize your profit margin or just a few hundred dollars to get through to your next paycheck, you can always seek assistance at Viva Payday Loans. We have payday loans online for all needs, occasions, and budgets, and they’re all available with just a few clicks!

If your application goes through, you’ll be paired with a lender who will best satisfy your unique needs. The lender will require further information and supporting documents to verify your identity and ability to repay the loan. They’ll include proof of address, your bank statements, and proof of income (pay stubs). We’ll then provide you with the agreement to review the terms and conditions and sign. After submitting the contract, the lender will immediately initiate the disbursement of your loan in your account — usually within 24 hours.


  • The payout is within 24 hours
  • The loan ranges between $2000 to $5000
  • The application and approval process is quick—five minutes for application and two minutes for approval.


  • There is no upfront guidance on the loan interest rates

2. Money Lender Squad – Best For No Guarantors 255 Dollar Loan

Money Lender Squad is among the leading payday loan providers who offer their services at low APR without a guarantor in the US market. Moreover, they give payday loans and bad credit immediate approval. Their repayment terms are pretty flexible. So, whether you need a quick payday loan, repayable in 60 days or a personal loan with zero credit check repayable in 24 months, you can always find it in the Money Lender Squad. Their interest rate varies from 6% to well over 400% APR.

To apply, you only need to complete an online form with their details and provide the required supporting documents. There is no thorough credit check because the Money Lender Squad mainly considers the borrower’s affordability.

The Money Lending Squad offers a platform that allows you to complete an application in just a few minutes. You only need to fill out an online form with personal information and click “Submit.” The loan application is then directed, through an automated system, to lenders who are most likely to approve the loan.

Lenders can then decide whether or not to deliver on your request. If one of the lenders on Money Lender Squad’s list can help, you will be linked to their website to finish the application—all these only take minutes. The money is deposited into your account the next business day once you sign the agreement.


  • The application process is fast and reliable
  • It has extended loan repayment terms
  • You don’t need a guarantor to apply
  • You can still apply even with bad credit history


  • A low credit score will affect the rates—a low credit score attracts high rates

3. Credit Clock – Best for Fast 255 Payday Loan Online

Credit Clock is a small-dollar broker that provides payday, personal, bad credit loans ranging between $200 and $5,000. The platform offers a quick and easy application and loan approval process, gaining popularity in recent years. Its online application takes only five minutes, whereas the approval process takes two minutes. What’s more, the payout process takes less than 24 hours. So, if you’re looking for fast cash, Credit Clock can be an excellent option for you. 

Credit Clock’s approval process is loved for its simplicity. Eligibility is determined by the capability to repay the loan, be at least 18 years, and provide proof of income and address. Better yet, even those with a bad credit background are also eligible to apply provided that they attain the $1,000 monthly salary threshold. However, this loan website only offers loans to US citizens who are registered as permanent residents.


  • People with bad credit borrowers can also borrow
  • The application and approval process is easy and quick, two and five minutes, respectively
  • The payout process is in 24 hours


  • One must be earning at least $ 1000 monthly

4. Very Merry Loans – Best for Same $255 Payday Loan

Very Merry Loans is an online loans broker that links borrowers with top lenders in the US market. The website gives access to payday loan services, bad credit instant approval, and same-day payout loans, which take just a few minutes to apply for and about an hour to disburse the funds. 

In some instances, loans take up to 24 hours to be disbursed. At Very Merry Loans, the loan framework is straightforward. They have reputable lenders in the US. After applying, the company connects applicants with lending institutions that are likely to deliver on your request.

Loans amounts vary between $200 to $5,000, with applicants able to choose a loan term that best suits their financial situation. Most borrowers pay off loans up to $2,000 over seven to 31 days, but more significant amounts can come with extended repayment terms ranging from two to 24 months. Interest rates vary from one lender to the other. But most lenders offer loans with rates ranging from 5.99% to 35.99%.

Applicants must be at least 18 years old, an American citizen, earn $1,000 or more monthly, have address evidence, and a verifiable form of identification to apply.


  • There are extended repayment terms, especially for large amounts
  • You can apply even if you have a bad credit history
  • The loan amounts range from $200 to $5,000


  • Loans with short repayment periods have high-interest rates

5. Heart Paydays – Best for 255 Loan Online

The Heart Paydays is among the famous loan platforms in the US, especially in the urban parts. The platform offers full-service online services, saving their users the hassles associated with the shopfront loan application. Their online application process can take only five minutes to complete. 

Heart Payday finishes payday loans bad credit online in an hour or 24 hours at most. They’re famous for giving loans to individuals that other loan options have rejected. Moreover, those with bad credit history, unemployed, relying on government benefits.

The portal provides loans ranging from  $200 to $2,000 with a repayment period of 60 days. Additionally, loans of significant amounts such as $5000 are available and come with an extended payment period of 24 months. 

This portal boasts of offering loans with low APRs. The majority of lenders at Heart payday offer loans through the portal to keep their rates competitive, with maximum APRs reaching 35.99 percent.


  • Payout is within an hour
  • There are no papers or phone calls involved
  • Extended repayment periods for large amounts


  • Some loans have high fees

Features Of 255 Payday Loans

  • Quick Approval – the approval process in many payday loan lenders is fast. The lenders appreciate the agency involved. As a result, they move fast to approve the loans. The application process is online, so you can complete everything at the comfort of your home or workplace, provided that you’ve got a high-interest connection.
  • Easy Access – this feature is one of the payday loans’ key advantages. These loans eliminate most of the unnecessary procedures in traditional banks to save you high-interest and address the emergency instantly. For example, most of them don’t do the standard credit checks. Instead, their main concern is your affordability. 
  • Few Documents Involved – in most cases, the institutions don’t demand a chunk of documentation or wait to verify your assets. The lender will disburse the applied amounts once you meet the few requirements. 

Advantages Of  255 Payday Loans

1. Convenience

One of the most loved features of the $255 payday loan is that one is still eligible even if they have a bad credit history. They present an easy and convenient way to secure cash fast. Payday loans are famous because applying is as simple as logging onto online platforms and filling out the application forms, and you’re good to go. 

2. Approval Times

The application process is simple, the approval time is short, and you will get feedback from the lender in just 5 minutes. On the other hand, if you pick traditional credit, you will not have the same experience—it’ll take longer to apply and get the lender’s decision. 

3. Efficiency

Payday loans mature on your next pay date and offer a fast and efficient method to counter emergencies. They are accessible in various states and usually range from $100 to $250 in the loan amount. Some states may have higher limits ranging from $500 to $1000, whereas others do not offer such loans.

4. Few Requirements

A further advantage is that the criteria are simple and few, so many people would qualify. You are not required to provide collateral because this is not a guaranteed loan. However, your loan provider may request for your bank account, which is a risk in and of itself. If you fail to repay the loan, the lending company may send debt collectors or seek legal redress to recover their money.

5. You Can Apply With Bad Credit

The amount of money you are eligible for will be determined by the financial institution or lender you choose and their criteria. And since your credit score doesn’t affect your eligibility, the procedure is usually fast and straightforward. Other factors, like proof of salary, assess your creditworthiness.

Most lenders will not conduct a thorough credit check-up. However, it helps to have good credit to keep your interest rates low. But your payment history will not be reflected on your credit scorea considerable disadvantage. It is critical to find a reputable organization that will guide you through the process.

Disadvantages Of 255 Payday Loans

1. They Create A Cycle Of Debt

When your financial resources are nearly exhausted, obtaining a payday cash loan may provide temporary relief. But, in the end, all you’re doing is putting yourself in a position to go deeper into debt.

According to CFPB data, about 75% of payday loan providers are extended to people who receive 11 or more loans yearly. Sadly, many people fail to repay their payday loans in time, so they consolidate the borrowed funds into a new loan, creating a debt cycle.

2. High Fees Apply

APRs on credit cards usually range between 12% and 30%. On the other hand, most two-week payday loans have an average fee of $15 per $100 borrowed — an APR of nearly 400% per loan, according to the CFPB.

For example, a $400 short-term payday loan can attract a fee of up to $60. Furthermore, if you extend the loan enough times, you may end up owing the lending agencies a fee equivalent to the amount you borrowed in the first place.

3. Rollovers Allow You To Accumulate More Debt

When your payday loan is due, and you cannot pay the entire amount, some lenders will allow you to pay only the initial fee to extend the due date. However, another fee of the same amount is added to the principal.

For instance, if you borrow $300 at a fee of $15 per $100 borrowed, you would owe $345 on your next payday. If you choose to pay the $45 fee to extend the loan on your next payday, the lender will add another $45 fee, and so on. You could be paying close to $100 in fees without reducing the principal.

How To Get 255 Payday Loans Online

Step 1: Visit Viva Payday Loans

The first step is to visit Vivapaydayloans.com. The website layout is simple. Click on the “Apply Now” icon on the right side of the screen to begin the application process. 

Step 2: Complete The Application Form

The application process involves filling out an online form that requires your name, monthly expenses and income information.

Step 3: Get Your Decision

After filling out the form, wait for approval —it takes approximately 2 minutes for your loan to be approved. If your application is rejected, you will still get a message.

Step 4: Receive Your Loan

If your application is successful, you will be required to sign a loan agreement. Make sure you go through the terms and conditions of the loan agreement before you sign. After you submit the signed loan agreement, funds will be wired directly into your account within 24 hours.


255 loans help solve emergency financial problems, especially if your next payday is still weeks away. Viva Payday Loans is one of the best and our top-rated payday loan portal, where you can 255 payday loans in minutes. To get started, visit their website and fill your online application form.  

Request Your Payday Loan at our Top Rated Provider – Viva Payday Loans


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About Denzil Otieno PRO INVESTOR

A procurement graduate. Young business owner. A smart business investor.