Best Online Payday Loans: Top Direct Lenders To Get Instant Cash With Federal Credit Union In 2022

Emergencies can happen to anyone, and most of the time, they come without even a hint of warning. Whether you need money for medical bills, auto repairs, or other expenses, arranging money unexpectedly is a hassle. This is why one of the fastest ways to borrow money is the online payday loan.

A payday loan is a lifesaver for most, and most good lenders can deposit the sum within 24 hours of reaching an agreement. With the help of a secure and fast application, you can borrow up to $5,000 or even more from lenders.

However, this does not mean that every online payday application is legitimate. Additionally, finding yourself the fastest and most secure payday loans online can be tricky, especially for borrowers with bad credit.

The main question is; why should lenders lend you their money? What are the chances of you returning it? The best solution would be to maintain a good rating as a borrower. However, as times change, so do financial needs. The online payday loan market is way different from how it was a few years ago. As a result, many financial organizations are open to giving people with low ratings a chance, but at the cost of higher interest rates.

Are you having trouble looking for the best online payday loan? We have tested and reviewed the best payday lenders in the market. We have assessed all of the online payday loan lender features, for instance, the reputation of the lender, maximum loan amount, how fast the loan is approved, the process of application, interest rates, and more. As a result, we were able to select the six best lender platforms for online payday loans.

Top 6 Online Lending Networks With Trusted Payday Loan Options (2022):

The platforms are rated in order along with their pros, cons, and customer reviews. We’ve summarized each platform’s best qualities in a single sentence if you’re short on time. This will give you a clearer idea of what to expect from them.

  1. Bad Credit Loans: Overall Top Lender For Online Payday Loans, Editor’s Pick
  2. MoneyMutual: Trusted Payday Lenders For Bad Or No Credit Check Loans
  3. RadCred: Popular Direct Lender For Instant Cash With Guaranteed Approval
  4. Funds Joy: Popular Quick Loans To Get Speedy Cash Online
  5. CashUSA: Recommended Personal Loans & Emergency Loans Online; Flexible Loan Terms

#1. Bad Credit Loans: Overall Top Lender For Online Payday Loans, Editor’s Pick


As the name suggests, Bad Credit Loans is the best platform for people with low credit ratings. This company is not a lender itself; instead, it provides a free service to connect the lenders with borrowers. Bad Credit Loans can help you get in touch with lenders who offer online payday loan amounts ranging from $500 to $10,000.

Apart from that, Bad Credit Loans is a place for connecting lenders to borrowers. It also helps you consider all the essential factors before deciding to borrow. The company has articles with information about budgeting and how to spend funds responsibly. It also allows you to carefully divide your future income to pay off a loan.

As soon as a lender approves your request, you must examine the terms and conditions before accepting the offer. The lender then transfers the money into your checking account via a direct deposit if you agree and sign.

Furthermore, Bad Credit Loans keeps its customers’ privacy and security as its top priority. It uses high-end encryption technology. All of your personal information is kept private and secured. In addition, the customer support service is available 24/7 to help you.

All in all, Bad Credit Loans is one of the top-ranking online payday loan lending platforms for people who have a bad credit score.


Bad Credit Loans boasts of one of the industry’s most secure and fastest loans. The best thing about it is that it requires no payment, and it connects you with legitimate lenders. The main features of Bad Credit Loans are:

  • A platform that connects the borrowers to lenders
  • Offers equal and essential information to both parties
  • Prioritizes privacy and security of information
  • Free services
  • Borrowers need to fill out an online form for lenders

=> click here to visit the official website of Bad Credit Loans


  • Best platform for bad credit loans
  • Borrowers can get up to $10,000
  • There is no minimum credit score requirement
  • Interest rates are reasonable
  • Provides multiple bad credit loan options for comparison
  • Provides a 24/7 customer support service


  • Acts as a connecter between lenders and borrowers
  • Interest rates range from 5.99 to 35.99%

Customer Experience

This website has made it easy to get loans for emergencies, and the users have never been happier. Bad Credit Loans let you have minimal credit checks. In a few minutes, you can have your loan request accepted and have money transferred to your account the next day. People love Bad Credit Loans because it offers fast output and consumes less time.

#2. MoneyMutual: Trusted Payday Lenders For Bad Or No Credit Check Loans


MoneyMutual is one of the top-ranked online payday loan marketplaces. It connects lenders to borrowers all over the country. This marketplace allows short-term loans that include installment loans. The best thing about MoneyMutual is that you, as a borrower, can qualify for a loan even if you don’t have good credit. However, you should note that the interest rates might be high.

Additionally, this company has a fast and straightforward process for borrowers to apply for a loan. All they have to do is fill out an online form. The lenders then review this form quickly to decide if they want to make a loan offer. The lenders can loan amounts ranging from $200 to $5,000.

Apart from that, the money is deposited in your bank account in less than 24 hours after accepting a loan. This is one of the prime reasons why MoneyMutual is considered the best online payday loan platform. It is best suited for people who require money for emergency purposes.

Moreover, this website only connects the borrowers to lenders. It is not a direct lender. The website does not provide you with information about interest rates. It simply has you fill out an online form and forward it to lenders for review. After that, you have to wait for the lenders to contact you.

Another plus point for MoneyMutual is that it is free for borrowers. However, the lenders you might connect with can have their fee structures for their respective loan offers.


MoneyMutual is best for people who need emergency loans. This website works fast and provides results in a short time. The main features of MoneyMutual are:

  • Connects borrowers to lenders
  • Small credit checks
  • Borrowers are required to fill out an online form
  • Loans are available from $200 to $5,000
  • Lenders select the borrowers they want to loan their money

=> click here to visit the official website of Money Mutual


  • Faster solution for emergency loans
  • Offers small and medium-sized loans
  • Allows you loans even with bad credits


  • Lenders have the option to choose the borrower.
  • Unavailable in a few states (New York).

Customer Experience

Most of the users who used the online payday loan facility of MoneyMutual recommend it. They claim that the application process was less time-consuming and easy to understand. In addition, the users were satisfied with the time they received the funds. According to most users, they received the loan faster than any other platform they have used for the same purpose.

#3. RadCred: Popular Direct Lender For Instant Cash With Guaranteed Approval


RadCred is one of the industry’s best online payday loan platforms. This platform might be a lifesaver if you are looking for the best direct lenders. RadCred connects the borrowers to lenders. Additionally, your ARP can vary depending on the loan you acquired. Typically, the RadCred customers have ARPs in the range of 5.99% to 35.99%.

Aside from that, one of the notable things about this platform is that it allows borrowers with low credit scores a chance to get loans. For each request, there are multiple options to choose from for the borrowers. In addition, if you are eligible for acquiring the loan you need, the platform might help you find other ways if the offers you’re getting don’t match your needs.

Additionally, the application process of RadCred is quite simple and fast. It takes very little time to fill out your basic information. Apart from that, the platform is free of cost. None of the processes require any sort of fee.

Moreover, the lender decides the ARP and depends on the type of loan requested. It is vital to notice that the rates are not permanent and may vary with time. The ARP rates of direct lenders are mostly cheap, and hence RadCred helps you get the loan you require in the best way possible.

Furthermore, RadCred offers its services 24 hours and seven days a week. This is what makes it a fast solution to acquire your requested loan.


RadCred is a platform best suited for people who need online payday loans. It is designed to help the borrowers determine what requirements are best for them. The main features of RadCred are:

  • Connects the lenders to borrowers
  • It is a free platform
  • Requires borrowers to fill out a form
  • Services are available 24 hours a day
  • Connects you with direct lenders

=> click here to visit the official website of RadCred


  • Instant approval for loans
  • Low ARP rates
  • The form is short and takes little time to complete
  • The website is free to use


  • RadCred is not a lender; it is a connector

Customer Experience

RadCred has received nothing but positive reviews about the services it provides its consumers. The users are satisfied with the low ARP rates, and they also claim that the application process is fast and straightforward. Additionally, the fast approval of loans is the favorite feature among consumers. Users also love that the website is available 24/7.

#4. Funds Joy: Popular Quick Loans To Get Speedy Cash Online


Funds Joy is a platform created for people with bad credit. It is a handy platform for people who need immediate loans. It is designed to be fast and simple.

Additionally, the process of applying to this platform is straightforward. The borrowers have to fill out a short form. As soon as your application gets accepted by a lender, you can receive your loan in 24 hours.

Moreover, like most of the platforms mentioned here, Funds Joy acts as a medium between the lenders and the borrowers. As soon as you finish your application, Funds Joy gets lenders for you with competitive offers. However, you should not jump at the first offer. It is always wise to wait and see which offer suits you best. This platform shows you multiple options to choose from, so it is up to you to decide wisely.

Apart from that, the borrowers can borrow money from lenders ranging from $200 to $5,000. In addition, Funds Joy is free for borrowers. Its main goal is to connect lenders with borrowers. There is no hidden fee in any of the application processes. However, each lender might have interest rates depending on the amount of loan money you require.


Funds Joy is a platform made for borrowers in need of urgent loans. The main features of Funds Joy are:

  • The website is free
  • Borrowers have to fill out an application
  • Borrowers get multiple offers from lenders
  • The money is deposited in your bank account within 24 hours.
  • Money can be borrowed for up to $5,000
  • It is private and secure

=> click here to visit the official website of Funds Joy


  • Fast approval for loan requests
  • Multiple offers from lenders for one loan request
  • Money is transferred to your bank account after 24 hours
  • The application process is quick and simple


  • It is not a direct lender
  • Not for high amounts of loans

Customer Experience

Users have excellent reviews about Funds Joy. Funds Joy helps people with all sorts of credit scores (bad, good, and in-between) get loans. The users think this is a positive initiative for the people in need. Funds Joy is one of the best options for people with bad credit scores. Users claim that it gives you a chance to get a loan and helps you get the money fast.

#5. CashUSA: Recommended Personal Loans & Emergency Loans Online; Flexible Loan Terms


Emergency never comes announced. Most of the time, you don’t have the luxury of waiting for weeks to get a loan from an in-person loan provider. This is where CashUSA can save your day. With some basic informtion, this company helps you connect to short-term and fast personal loans.

Additionally, this platform works with a large number of personal loan lenders. It helps them connect with people in need and lets them borrow loans in times of emergencies. This platform enables you to connect with a lender for an amount that ranges between $500 and $10,000. Aside from that, the APR ranges from 5.99% to 35.99%.

To verify your credibility, CashUSA has eligibility criteria. Apart from that, it also has many requirements for the borrowers to fill out before they can borrow an amount. These criteria help CashUSA keep the system’s credibility alive and secure. The eligibility requirements include being at least 18 years old, having an income of at least $1,000 per month, having a checking account in your name, and being a US citizen.

Moreover, like the other best online payday loan platforms on this list, the CashUSA platform also uses a fast application process. The borrowers have to fill out a form that requires their information, and the platform connects you with a loan lender as soon as that is done. One of the great things about this platform is that if no lenders offer you a loan, CashUSA connects you with an offer for credit repair or debt relief.


CashUSA is the best platform for anyone looking for the fastest way possible to obtain a loan in time of emergency. The main features of CashUSA are:

  • Borrowers need to fill out an online form
  • Loans are available for up to $10,000
  • Loans are directly deposited into the borrower’s bank account
  • Has a more significant number of people lending money

=> click here to visit the official website of CashUSA


  • Funds are available on the first business day
  • Receive online payday loans up to $10,000
  • Easy to use application interface
  • Fast application


  • Some lenders might require minimum income information
  • Borrowers must be employed for a minimum of 90 days
  • Not the best option for bad credit loans

Customer Experience

The most positive feedback from the users was how fast and easy the application process was. The users found it very easy to get loans on time with this website. Apart from that, the users were also delighted with the interest rates. They claim that the flexibility in repayment options is a plus point.

#6. Personal Loans

When considering getting an online payday loan, you should be very careful about it. You need to carefully scrutinize offers and look for a loan that best fits your requirements and has a low ARP and reasonable repayment terms. This is why you should look for a lending platform with many potential lenders like Personal Loans.

Personal Loans is a platform focusing on the best outcome for the borrowers. It makes selecting the best lender based on the previous record and interest rates more accessible. This platform has a lot of lenders that offer reasonable rates and terms. Basically, this platform gives you many options to review and helps you make an informed decision.

Aside from that, Personal Loans has a straightforward process for getting a personal loan. All you have to do is fill out an online form provided by the organization. The organization then sends your information to all of the potential lenders. It also forwards your details to third-party networks for reviews. As soon as you accept an offer from one of these potential lenders, the money will be available in your bank account on the first business day.

Moreover, the company offers its services for free. There are no hidden fees or obligations to accept a loan offer. Personal Loans are pretty easy and quick to use, and the form used by the company takes only a moment of your time.

Furthermore, the company works with online payday loan lenders who need repayment in at least three months and can extend deadlines as far back as 72 months.


Personal Loans are the best solution for anyone looking for an easy and fast online payday loan. The company’s primary focus is to help the ones who need loans and make it easier for them as much as possible. The main features of Personal Loans are:

  • Funding is available for up to $35,000
  • Loan offers can be compared for the best choice
  • This platform is for both good credit ratings and bad credit ratings
  • Funding acquired could be for any purpose


  • The money is deposited in your bank account the next day
  • Variety of competitive interest rates
  • Flexibility in repayment terms
  • Borrowers can borrow loans for anything


  • Credit history (score) matters. If low, hard to get lenders
  • No short-term loans (less than $1,000)

Customer Experience

The users of this website have given positive feedback about the application process. They are super satisfied with how easy and fast the whole system is. Another positive review includes that the website is secure and respects your privacy. It enables a long-term trust relationship between the consumers and the providers. The website has a ton of great reviews. Apart from that, users are satisfied that they can receive loans quickly without paying any third-party fees.

Things to Consider While Getting a Loan if You Have a Bad Credit

When considering a loan, we always suggest that you explore your options. Exploring your options means listing all the essential factors you need to consider. These may include things like interest rate, repayment terms, and general terms and conditions of the lender. All in all, it is best to get a general idea of all the factors you should consider before taking a loan.

  • Interest Rates For Different Lenders

Interest rate is one of the most important factors to be considered. This is because companies have a higher interest rate on loans. Such companies only provide you with loans if you have a good credit rating. If you have a bad credit rating, then chances are, these companies will turn you back.

Aside from that, the companies that provide loans to people with bad credit ratings tend to do it with higher interest rates. Moreover, if you try to get a loan from either of the platforms mentioned above, expect to see higher interest rates—nothing to be alarmed about, though. The interest rates may be high, but they are not too high, just higher than what you would usually get.

For this reason, you must keep this point in your mind at all times before taking a loan. You should compare the interest rates of various loan providers on different platforms before deciding. In addition, you should get a lower interest rate if your credit rating is good.

Apart from that, once you have committed to a deal and accepted the lender’s terms, you cannot change anything from it later. The interest rate will remain the same even if your repayments are paid soon enough. Most of the platforms have a fixed interest rate policy.

  • Eligibility Of Source

Most of the online payday loan providing platforms have eligibility criteria. The official websites of all the loan-providing marketplaces mention the eligibility factors. These eligibility factors are just some preventive measures the lenders take before they provide a borrower with a loan.

Similarly, you must familiarize yourself with what makes you eligible for loans on a specific platform. Every online payday loan platform has its own set of rules and eligibility. Because let’s face it, it is hardly helpful if you have found the perfect loan that meets your requirements only to find out you are not eligible for it.

Furthermore, most companies in charge of loaning money to borrowers focus on the FICO score. Each FICO score that lenders are looking for is mainly informed on the company’s website. Other factors could include the amount of money you require and your monthly earnings. Each of these factors plays a determining role in getting you a loan.

Apart from that, you probably don’t have to worry about these conditions if you have a stable job. A steady source of income will help the lender overlook your bad credit score and loan you the amount you need. In addition, most of the information required by the lenders is available on the website. However, it is pretty standard for lenders to ask for more information before investing.

  • Terms and Conditions

Terms and conditions are an essential part of any contract. Similarly, the terms and conditions of the loan provided to you are just as important. It is necessary to read the important information given on the company’s website. It should help you better understand how things could look in the future. Reading the terms and conditions may help you plan your future activities to repay the loan. Lenders can have their terms of conditions according to what they offer you.

For instance, you might find a lender with a low-interest rate but strict loan terms relating to repayment. The terms and conditions could be of any type, and there could be many restrictions on how you can spend the loan money. These restrictions are different for every lender. You should consider thoroughly reading through the fine print to estimate if you will be able to follow it.

Therefore, it is only intelligent to read and understand the terms and conditions before asking a lender for a loan.

  • Penalties and Additional Charges

Additional charges and penalties are for when the borrower does not meet the terms and conditions of the lender. Naturally, there will be consequences when you fail to respect a commitment. Borrowers with low credit scores may already know what this means and how several things can get in the way of you making repayments. Mostly, these penalties are imposed on late repayments, bounced checks, and much more. Sometimes the lenders can end up pressing charges on borrowers who fail to make their payments.

Moreover, fees might be applied to processing loans at the time of borrowing. The lenders prominently mention these beforehand. These fees can make up a large portion of the loan (up to 6%). It is essential to consider this before borrowing the loan. Again, the fees differ from lender to lender, so you will need to decide at the end.

In addition to this, your loan amount can go 5% up in case of late repayments. So, you should always consider paying your dues on time.

How to Get Online Personal Loans With Bad Credit ?

Ever since a few years ago, getting online payday loans has been much more straightforward. Lenders now approve loans without credit checks. However, that still doesn’t mean you are immune from following specific rules to get such loans. This section will discuss the proper and legitimate way to get a payday loan.

  • Select the Right Lender

Reliability is something that you shouldn’t compromise on. Since it is a known fact that the more reliable a company is, the more fruitful the outcome of your decision would be. You should always make sure the platform you are using to obtain loans isn’t a luring scheme towards harmful scams. Unfortunately, it isn’t always easy to spot a scam. For this reason, you should always go for the best leading brands in terms of financial dealings. Lenders may be required to conduct credit checks through one or more credit bureaus, including but not limited to major credit bureaus, in order to determine credit reliability and the scopes of credit products to offer.

Moreover, famous companies are always safe as many consumers openly review them. The best way to find out the legitimacy of a company is to inspect its websites and look for legitimate reviews.

Similarly, if you ever feel you are falling into a scam, the most obvious tell would be them asking you to make payment beforehand or asking for your personal information. Additionally, you should always check whether the lender you’re coming to contact is legal in your state.

  • Check Your Credit Score

Your credit score is an essential factor in getting a bad credit loan. You can use online report tools to generate your report. However, these reports are not always 100% accurate. Make sure that you go through the report yourself. Maybe you’ll find an error, and it turns out your report isn’t actually as bad as it came out. With a better credit score, you will be able to get better offers from lenders with lower interest rates.

Apart from that, lenders always perform background checks on borrowers. These background checks include credit checks to ensure the validity of the application.

  • Compare Interest Rates

Go for platforms that offer your application multiple lender options. It is vital because each lender has its terms and interest rates. If you are going to be availing of a loan from a lender, it is only fair that you also have options to compare. The interest rates on payday and personal loans are typically higher than those on traditional bank loans.

Moreover, you can also get an idea in advance about the interest rate on your loan through pre-approval. You can also get interest rates from various lenders on payday loan platforms to make a better and informed decision.

  • Create a Budget Plan

Now here comes the hard part; paying your dues. Repaying your loan is just as important as everything else on this list. When it comes to repaying your loan, you will be making payments regularly. These payments will be out of your paycheck from work. It means that you will have to make a budget for your money. You will have to smartly cut out the things that you don’t necessarily need at the time. It is so you can timely make repayments.

Furthermore, you should never take repayments lightly. It is because this can end up putting more penalties on you. So you should always keep these extra charges in mind and be responsible.

Alternatives to Instant Payday Loan if You Have a Bad Credit

Alternatives to loans are for the people who believe their credit scores are so low that they cannot be helped. These alternatives are options available when your credit score holds you back with lenders.

  • Personal Loans

Personal Loans are the main topic of this article. These loans act as the best alternative when everything else is unavailable to you. You can borrow these loans from lenders through third-party platforms online. The lenders actively loan money to people with bad credit scores. The good thing about this is that you can pay these loans in the form of installments instead of all at once. It eases the pressure on the borrower. At the same time, the lender gets their loan back with interest.

Apart from that, these online payday loans are getting quite popular among people with low credit ratings. You can quickly get loans online ranging from low to high amounts.

However, these platforms take interest rates, but it is not as high as institutions charge them. These loan providers provide you with the money you need and give you a good rating. They help you bring it up with each installment of your payment. So that in the future you can get better offers.

  • Credit Card Cash Advance

Credit Card Cash Advance is also one the valuable alternatives. Typically, you buy things using your credit card and then pay for them later. It is a helpful feature itself. However, you can always ask for an advance on the credit card cash when you need money. In other words, you now have cash in your hands to use according to your requirements.

  • Making a Budget

Budgeting is the best way to save extra cash from your pay. With the help of budgeting, you can easily cut down on a few things. It will help you keep track of where you necessarily use the money. When taking up loans from lenders, you must start the process of repayment as soon as possible. Furthermore, you can only do this when you have a clear plan of your paycheck every month, and you are sure of what part of it is going where.

FAQs Regarding Online Payday Loans

Q1. How quickly can I receive a cash advance?

The lender will decide how urgently you get your emergency loan. Most payday loan platforms provide emergency loans within a day. Some platforms like the bank and other lenders can take weeks to receive.

The payday loans mentioned in this article provide loans within 24 hours through a bank transfer. Apart from that, errors in your application can significantly delay the process.

Q2. How do I check my credit score?

In order to check your credit score, you must be registered with some organization that lends money to borrowers. The history of borrowing and repayments will determine your credit score. Aside from that, if you aren’t registered with any such organization, you will need to borrow a loan from a lender. The first-time borrowing will start tracking your report.

Q3. Is it possible to get a loan if I have a poor credit score?

Yes, it is possible to get a loan if you have a poor credit score. Online payday loan platforms are made for this purpose. Your credit score only matters where interest rates are concerned.

Final Word: Which Payday Loan Online Lenders Are The Best?

Online payday loans solve the financial problems of countless people around the country. Some of the best personal loan providing platforms are discussed in this article based on valuable consumer feedback. So, choose the lender you think can handle your application as soon as possible.

However, MoneyMutual’s is our pick of the list with its top-rated reviews, the quick application process, and fast money transfer. Apart from that, it offers security to both lenders and borrowers. So if you’re low on credit score, MoneyMutuals is the way to go.


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