Payday Loans That Accept Prepaid Accounts Online in 2021

Payday loan providers have emerged as one of the most reliable and popular forms of credit accessed by people in tough financial situations. While the market is filled with reliable payday loan providers, there are some that tend to target desperate, financially vulnerable people making them predatory. However, the truth is that these lenders provide financially struggling individuals a way out when they have exhausted most other options.

#1 Payday Loans That Accept Prepaid Accounts  – Viva Payday Loans


Best Payday Loans That Accept Prepaid Accounts – Quick-Pick

For payday loans that accept prepaid cards, we’ve compiled a list of five of the most reliable brokers that you can sign up with. These brokers are all reviewed in detail in the sections below.

  1. Viva Payday Loans – Best for Fast Approvals
  2. Credit Clock – Best for no credit checks
  3. Money Lender Squad – Best for lower loan amounts
  4. Very Merry Loans – Best for weekend funding
  5. Heart Paydays – Best for same day decisions

How To Apply For Payday Loans
that Accept Prepaid Accounts

The payday lenders usually offer an easy-to-understand platform online from where all the financial products can be easily accessed. Although the exact working method might differ a bit from one to another, the basic steps remain almost the same.

For example, take the application of viva payday loans which usually is a lending broker. Here, the broker provides a completely transparent system to provide loans to applicants within 15 minutes.

Follow this guide to apply for loans through Guaranteed payday loans online.

Step 1. Visit the Viva Payday Loans website – The borrower will get many options to input preference for details in regards to loans through Viva Payday. You can easily check the rates of APR on the official website for a loan. A detailed FAQ section is also provided to help the customers with their needs.

Step 2. Complete the application process – You need to fill a detailed form of Viva payday loans as per the amount you have asked to borrow. You can find the loans in the following denominations: $100, $200, $300, $400, $500, $1000, $2000, $3000, $4000 and $5000. The tenure for the loan ranges from 3 to 6 months. To avoid further complications, the borrower needs to make sure that they can repay the loan within time. Thus, whenever you are borrowing money, you need to ensure that you can repay it easily.

Step 3. Get your decision – When a borrower has decided about the amount, they are willing to borrow, they need to provide details about some of their personal information. Then, once the application is filled, the broker will evaluate whether the borrower qualifies to get the particular loan or not. Viva Payday loans provide complete guarantee and confidentiality while dealing with personal information.

Step 4. Receive your loan – The overall time taken by Viva payday loans is very small compared to other brokers granting the guaranteed payday loans online. Applicants here receive a decision within just a couple of minutes after the application process. It is also identified that the success rate is also quite high with Viva payday loans as the credit history-based requirements are not stringent. Most people get loans from a third party under the network of the broker.

What Are Payday Loans that Accept Prepaid Accounts?

Prepaid accounts refer to any financial product that can store funds until the consumer designates a particular destination. Contrary to popular belief, an account such as a savings account or a brokerage account that provides these capabilities are not prepaid accounts.

These days, many payday lenders offer prepaid debit cards with some willing to load your cash advance into a card. Payday loans have risen in popularity as a short-term, high-interest credit alternative that is providing financial aid to a growing number of consumers. They can be accessed online, with most lenders offering same-day approvals.

Best Payday Loans that Accept Prepaid Accounts Debit Cards – Fully Reviewed

The demand for loan products has risen considerably to a greater extent. Due to which the online lenders and brokers for several payday loans have increased in the past five years, with several reliable names coming forward. Some of the top brokers can provide guaranteed payday loans no matter what is listed here.

1. Viva Payday Loans – Best For No Guarantors

This is one of the most reliable online payday loan providers working under Payday ventures Ltd. This loan provider is not a lender itself but regularly works with a network of lenders. It offers a very straightforward application process and does not take any credit decisions itself. Customers can get loans starting from $100 to $5000 in various denominations as per their choice. The tenure for repayment ranges from 90 days to 6 months, depending on the type of loan. Additionally, APRs for loans can range from 5.99% to 35.99%.


  • Easy to navigate websites used by brokers
  • Available in almost all states of the United States
  • Decision time is very fast in the market within 2 minutes
  • Large scale network of lenders increases the chance of finding better suitable payday products
  • No charge for using search tools


  • In certain US States, Viva payday loans are not available
  • Not a direct lender which preferred by some borrowers


 2. Credit Clock – Best for Requesting Lower Loan Amounts

This payday broker uses a unique algorithm to match the exact requirement of the borrower to the panel of lenders. The best part is the broker does not charge any fee for this algorithm. Mostly the match is made based on the preference and details of the applicant.


  • Very easy to understand application form, which can be filled within minutes
  • You can apply for a payday loan of up to $5000 


  • There are several areas like South Dakota, Arkansas, New York, Vermont, Montana, Connecticut, West Virginia, and New Hampshire where the service of the broker is not available.


3. Money Lender Squad – Best for Fast Approvals is a payday-based broker of loans that initiates several lines of service within some minutes. The entire website is a simple one to access with easily navigable options to input preferred loan terms. The maximum tenure of the loan provided is for an ultimate of 6 months. It usually works with many lenders and regularly conducts background checks on borrowers for safety.


  • Allows borrowers to receive and apply loans within few hours
  • It does not initiate credit checks


  • The website does not provide excess details about the lenders under their network


4. Very Merry Loans – Best for No Previous Credit History Required

This noncharging broker, usually based in the United Kingdom, helps connect potential lenders with borrowers and charges no excess fee. They get their revenue by getting commissions from lenders every time a positive connection is initiated. They also ensure to abide by all the regulations laid out by the Financial Conduct Authority in the United Kingdom.


  • Chances of getting a proper loan granted here are higher as it works with lenders of varied qualifications
  • It is FCA approved and makes it a point to work with only lenders who have been FCA-approved
  • Very Merry loans offer a regular round the clock operation even every weekend for various application processing


  • The overall borrowing cost usually cannot be guaranteed and can vary from one to another lender


5. Heart Paydays – Best for Low-Interest Rates

This is a bad credit-oriented loan provider, usually for less creditworthy individuals who have been turned down the loan opportunity from elsewhere. They offer lenders with APRs ranging from less than 4% to more than 35% in value. The overall success rate depends on the quality of the lender that they have been matched with.


  • The overall time taken is in between few hours to days to initiate the amount of loan depending on the lender selected
  • Applicants can choose from preferred conditions and terms and tenure of the loan periods
  • The loans are normally approved within one to two days at most


  • Broker does not usually provide much information on the team behind the broker and the aspects of registration


Features of Payday loans with Prepaid Cards

Installment loans are generally characterized by certain features that make them stand out from other traditional lines of credit.

Predictable Payments

The installment loans use a predictable way of payment, unlike other credit forms. The main components of the borrower’s payment are likely to remain the same every month when the applicant takes out a fixed rate of interest. The predictable schedule and payment amount can help individuals plan out their finances and minimize the default chances.

Unrestricted Access

Installment loans are open to everyone because they don’t include any stringent credit checks. The entire loan is quite ideal for salaried people who need instant cash and try to avoid the complexities associated with other credit forms. Thereby, the installment loans provide access of unsecured value to the individual to get the loan without depositing any security amounts.

Different from Traditional Payday Loans

Applicants are usually not penalized for paying off the amount of the loan before the time limit. These loans provide a clear roadmap for the entire debt, which helps the applicant give off the debt through the help of equal monthly payments of interest and principal.

Different Types of loans

The most common installment loans usually include student loans, auto loans, mortgage loans, and unsecured loans. Unsecured loans can only be opted for by individuals with a very good credit record and can opt for loans from banks and financial institutions.

Like every other loan form, payday loans also come with their own sets of limitations and advantages.

Advantages of Payday Loans

Easy to access

The access process of payday loans is very easy. Some advanced cash lenders provide access to cash within 24 hours and an immediate decision for lending. Some of the loans can also be availed 24 hours a day with online applications.  

Fewer requirements than other loans

In traditional loans, several requirements like photo ID, credit check, and proof of income need to be verified. Unlike these, fast cash loans like payday do not require so many requirements to be fulfilled. Some major things to keep in mind before applying for payday loans are:

  • Applicant should be above 18
  • Have government issues social security number
  • Have a regular source of income or job
  • Have an active bank account

No checking of credit

In traditional loans, often, there is a need for a good credit history to get permission for the loan. In the case of payday loans, you don’t need a credit history. This also suggests that there will be no hard credit inquiry as such.

An unsecured loan

In traditional loans like a car, mortgage, and auto loans it is secured by personal property. Payday loans are not accessed based on security from personal property. This means that in default cases, the lender can seize your personal property. It is true that they don’t have any secured property to seize, but if there is a default (not paying), they can take you to court for repayment of outstanding balances.

Disadvantages of Payday Loan


The interest rates of payday loans depend on the state it is being issued, and usually, the rate is very high, 400% of the average. They’re also bigger cons: it often becomes difficult to repay payday loans as the lender does not verify how the borrower will pay it. The lenders of payday generally don’t assess the debt-to-income ratio before paying.

Payday loans are often considered predatory

Predatory loans are generally the misleading or unfair traps that get the user in a debt cycle. Payday loans are often identified as predatory because the costs of these loans can escalate quickly. Some signs of warning for these loans are:

  • No check of credit by the lender before payment of the loan
  • Payday loans do not help to build overall credit

Easier to get trapped in debt

When you extend the loan repayment time in payday, the rollover results in additional fees on top of the base amount. It has also been recognized that nearly 1 out of 4 payday loans are borrowed more than nine times overall. So rolling the loan means additional extra time and additional cost on the base amount of the loan. 

Targets low-income community

A report published in 2016 by the center of responsible lending suggested that payday lenders are mostly located in minority communities. For example, it was found that 8.1 payday loan stores are found in African American areas per 100000 people. On the other hand, in a white neighborhood, there are only 4 for every 100,000 people. That means that there are twice as many payday lenders in the community of colors as whites.

Access to a bank account

The lenders often have direct access to your bank account in payday loans. Many payday lenders make the borrower write a postdated check-means a check is dated to be cashed after the next day – after you receive the loan. If you don’t have enough money in your account for the check to be withdrawn by chance, you could face overdraft fees for a single check. These extra charges are added to the already high costs of the lenders.

Lenders can sue for the money owed.

The payday lenders can sue you if you don’t pay the money for a long time. They can take the matters to court and get a proper judgment against you. You need to keep in mind that legal battles are often expensive. Therefore, getting sued by the lenders should always be the last option.

No help for building credit

Lastly, payday loans do not build credit as they are not reported to the credit bureaus. In some states, you can work your way up with the payday loan through installments. But the overall surety and information of these installments are not properly validated.

Eligibility Criteria

When customers need it most, online payday loans do not have a worthwhile opportunity to check for financial support. However, just like other loans on payday also you need to be eligible for rightly applying for it without a credit check. You need to remember that the eligibility criteria for an online small payday loan usually differ from one to another based on other factors and the person’s location.

You need to know that before you start the application process you need to ensure the eligibility criteria of the provider properly. An online payday loan usually gets approved if the applicant has a credit score of 620 or above. However, if you are applying for a similar loan for a much lower score, try to ensure to choose a loan provider which is not a scam.

The following are the common eligibility criteria upheld by most payday loan providers:

  • Applicants need to above 18 years
  • Applicants need to have a valid email address and phone number
  • Applicants need to have a valid US bank account

Application Process

The entire process of applying to get a 1-hour payday loan without any credit check is not that much complicated from other loan providers. If you apply for a small payday online loan from you will be redirected to the application page. The broker allows the borrower to repay some money afterward without any hassle to have an approved loan up to $200 to $5000 for a repayment period of 2 to 24 months.

The application for a small payday is not complicated but you need to know the right steps to apply. The applicant needs to share some of the personal details to get very swift approval from the independent lenders that are connected with the loan system. The lenders can further ask for several verifications of the documents and ask to draw a loan agreement with exact rules that the borrower needs to accept to get the loan. There are various guides and resources online to help you to sign up and request a loan from these loan providers.

The applicant needs to decide on an exact amount that they wish to borrow from the broker and give personal information so that Viva payday loans can identify the eligibility of the applicant. Once, this process is completed, the applicants are connected with third-party lenders who choose independently the borrower to lend money. The funds become easily available to the borrower with a detailed set of instructions so that there is no issue in receiving money.

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


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About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.