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Payday Loans That Accept Prepaid Accounts: Is it Really Helpful? (Complete Guide)

Do you also need a solution for urgent cash? Well, there are many instances when we felt a money crunch. Every once in a while, every other person feels a shortage of money while paying rent, meeting home & car repair expenses, and medical bills. But what if you don’t have a checking account or any credit card?

If all these sound familiar to you, then don’t worry. Here we are, coming up with the solution. In this blog, we have given a way called “payday loans that accept prepaid accounts” Through this, you can enjoy instant cash even without having a credit card and score. Well, how can you do so? Who will provide you with cash? Just go down and read the blog all the way through its conclusion to get the solution for your money needs.

Top Payday Loans That Accept Prepaid Accounts

There are various lenders available in the market who are ready to offer you payday loans that accept prepaid cards, but are they really reliable? Are they trustworthy? If you have these questions in your head, then don’t panic. We have covered it all in the below section. We have prepared a list of the top 4 reliable lending options that you can use for lending instant money. You can get any loan, from a 255-payday loan to a 1000-dollar payday loan.

1. LendYou


LendYou is a very effective and reliable option for you which is why we have put this number one on our list. The best part of this lending option is that you can apply for various types of loans on a single platform, and also you can compare multiple lenders and their offers on a platform for payday loans that accept prepaid accounts. Well, it doesn’t require any kind of collateral and security. You can easily get a loan and match your financial expenses.

Well, you can get the loan online any time as it is a no fax needed payday loan. You can request a loan up to $15000, which is quite rare on the other apps. Let’s look at its eligibility criteria and pros and cons section to understand the lending option better.

Eligibility Criteria

  • Must be an 18-year-old adult.
  • US citizenship is mandatory.
  • A valid bank account id is required.
  • You must be making at least $1000 money per month.
  • You must have been working on a form for the last 30 days.
  • One must not be a regular or reserved serviceman of the coast guard, navy, and air force.


  • It offers a higher amount of loans.
  • You can get your money within 24 hours of the approval.
  • There is no restriction on the money you spend
  • Bad credit is also not a challenge for getting approved. 


  • It is not a direct lending option. Thus, you will be required to match the lending company’s terms. 

Application Process

  • Go to the official website of LendYou.
  • Select a loan amount that you want.
  • Enter your email address to get into the loan.
  • Choose a lender of choice and carry on with the coming on-screen wizards.
  • Here, you go with the credit.

2. GOGO Payday Loans

GOGO Payday Loans

GOGO payday loans are another lending option giving you a number of benefits and advantages. If you are looking for instant money, then this option will be the most useful for you. Well, this app is trustworthy and secure. Your data is safe here and can not be leaked as it uses an encrypted policy. 

Well, this option will allow you to use it for free, and if you just apply and don’t want the loan, then your credit score won’t be affected by it.  Moreover, you can compare various lenders who offer payday loans for prepaid cards and choose the best one that suits your needs. Let’s look at its pros and cons for getting better.

Eligibility Criteria

  • An active account has been working for the last three months.
  • You must be a US citizen.
  • A valid Email address and phone number are required.
  • You must have a social security number.
  • The minimum required age is 21 years.


  • The loan amount is quite flexible; you can have a loan from $100 to $15000.
  • Quick credit deposit in the borrowers’ account.
  • No restrictions on the money spent.


  • Only available in some states.
  • APR is more than 153.73%
  • Late fees are relatively higher.

Application Process

  • Go to the official website of GOGO Payday Loans.
  • Enter all your details in the free application form.
  • Submit your form.
  • Find a perfect and matching lender to your needs.
  • Get instant approvals.
  • And, here you go with your credit.

3. IndyLend


IndyLend offers a perfect lending option for those who are in urgent need of money. Onecan easily get access to the funds easily. Well, IndyLend offering payday loans that accept prepaid accounts comes with a number of features and benefits. You can experience seamless credit and financing options with this. 

However, it gives you 24X7 support through which you can take assistance whenever you feel any kind of hassle during the process of application. Rest, it only provides you with personal loans but never asks you where you want to allocate the money. Well, there are some eligibility criteria that one is required to fulfill to get the loan easily.

Eligibility Criteria

  • An active account must have worked for at least the last three months.
  • Must be a US citizen.
  • Valid email and phone numbers are required.


  • No unnecessary documentation is required.
  • Easy approvals
  • No collateral and security is required
  • Payday 24 7 loans


  • Interest rates are relatively higher
  • Restricted to some regions only
  • The highest loan amount is $5000

Application Process

  • Get into the official website of IndyLend and get started with the process.
  • Applicable the amount filter.
  • Complete the login process.
  • Look for a lender who suits your need and requirements.
  • If you have got a lender, then get done with the application process by following the onscreen wizards.
  • And, here you go with your credit. 

4. Greenlight Cash

Greenlight Cash

Greenlight cash is one of the most trusted ways to get instant payday loans that accept prepaid accounts in no time. It is the best option available for payday loans for prepaid cards. The best part of using this way of lending is that it is relatively more professional than other lending ways. You can get the experience of working with professionals. 

Also. you can build your credit score with this app as well. However, it offers three types of loans: installment type, payday, and personal. You can choose whatever suits you. Moreover, you can compare different lenders’ interest rates and APRs; this way, you will get a choice that can offer you many additional benefits. Check the below pointers to know the eligibility criteria and pros and cons.

Eligibility Criteria

  • You must be a US resident.
  • Must be 18 years plus.
  • Must have a stable income.
  • You have to be employed somewhere.
  • An active account for the last three months is essential.


  • Quick and easy process of application
  • Easy installments payment
  • No credit check for any kind of loan
  • Easy access to a different lender


  • It won’t connect you with direct lenders

Application Process

  • Get onto its official website and start with the process.
  • Enter your mobile number and click get started.
  • Now, the verification will be done through OTP. 
  • Click to set a filter for your loan.
  • Select a lender and get done with the on-screen wizards, and complete the process as suggested by the lender.  

What are Payday Loans That Accept Prepaid Accounts?

Payday Loans That Accept Prepaid Accounts

Payday loans that accept prepaid accounts are loans that have been specifically designed for borrowers who have traditional bank accounts and no credit cards. This type of loan can provide a solution specifically for those who have bad credit and find trouble qualifying for a traditional loan. However, it is a kind of short-term loan that can be approved within no time; it requires no credit check and other kinds of basic requirements. It generally comes into use when you run out of money and need urgent cash to fulfill your short-term needs, such as to meet sudden travel and medical expenses.

Benefits of Prepaid Card Payday Loans

In this section, we are going to look at the benefits of payday loans that accept prepaid debit cards. Well, there are various things that you can take advantage of easily. One thing you must keep in mind while using your credit card is that you must use it with full care. If not used in this way, then it can have some hazardous results. So without wasting much time, let’s get into the benefits of payday loans with prepaid cards.   

  • It can help you in your urgent times. Through this money, you can actually fulfill your money needs.
  • The card is applicable for both kinds of purchases. You can make online as well as offline purchases. 
  • You can eliminate the chances of overspending your money. For your information, this card comes with a set and specific limit of money.
  • As we have told you, this card is applicable to offline payments as well. Thus, you are not required to carry cash and easily make payments with a card.
  • You can monitor your transactions in no time and know where you have spent your money.
  • Through this card, you can make digital payments. Hence, payday loans with prepaid cards have streamlined your connectivity to online marketplaces. 

Pros and Cons 

Well, payday loans for prepaid cards not only come with all the benefits but with some cons as well. There are various downfalls to prepaid card payday loans that we will list below pointers.


Account data won’t matter: The best part of having payday loans that accept prepaid accounts online is that it never asks you for your account data. Most lenders provide you with the money without checking much of your previous information, but some lenders will ask for your good bank statement. 

  • Bad credit history won’t matter: If the credit history is not well-versed, then again, you are not required to worry. The lender for the payday loan that accepts the debit card will not ask you for a good credit history as you are just required to submit your debit card details to the lender, which can not disclose any kind of other information to the lender.
  • Fast access to the credit: You can access your funds within a few working days after getting approved for the payday loan, and you can use the money further for your needs. Moreover, if you have taken the loan once before, then you will get the money credited to your account within a few hours.
  • No credit score required: As these loans are short-term loans and you are required to repay them within two weeks or four. Thus, it won’t require checking for your credit score, and you can get the amount credited to your account quickly.


  • Higher interest rate: The card comes with higher interest rates, but they are pretty affordable. Well, the high-interest rates are applicable because of the fear that the lender has while providing the money. Thus, the rates are high.
  • Short period for reimbursement: Reimbursement periods are shorter; you are required to pay them back in a week or two. Else you will have to pay a tough fee for late reimbursement.
  • High Feese: The fees for the late reimbursement APR and transaction fees are high. Various lenders provide you with loans but may cost you higher fees and rates. Well, the late fees can be varied from $5 to $30. It all depends on the amount you have taken and the lender you have chosen.

Eligibility Criteria

In this section, we are going to discuss the eligibility ratios that you are required to fulfill anyhow to get payday loans that accept prepaid accounts. These requirements are so basic and common. However, there are various other things that you will need to ensure before getting approved for the loan. Well, that things will depend on the lender you are choosing as demand can vary from lender to lender and amount to amount. Let’s check all the eligibility for payday loans for prepaid cards.

  • You must have crossed the legal age of your country.
  • You must have a tough source of income, and you will have to prove that further.
  • Social insurance ID is another important thing that you will be asked for while applying for a loan.
  • You will need to submit your private data as well. Thus, you must get it ready.
  • A valid photo identification proof is needed.
  • SSI income confirmation is also required by the lender. 
  • A Bank statement in good condition also can be asked for by your lender.

How Do Payday Loans That Accept Prepaid Cards Work?

Well, most people wonder how a prepaid card can be wired to a payday loan. A prepaid card makes it difficult for the lender to identify the repaying capability of the borrower. Thus, payday loans on prepaid cards are short-term loans with little credit amounts. 

How Do Payday Loans That Accept Prepaid Cards Work?

However, there are still various lenders in the market who are ready to understand your needs and ready to make a direct deposit in your account if you match their criteria. First, you are required to find a lender that matches your needs; you can check our list above for lenders providing payday loans with prepaid cards. 

Every lender has its eligibility requirements. Thus, you must check that requirement, particularly as every other lender wants to save their money and get it back on time. Hence, they have made their eligibility criteria which include a  specific credit score, active bank account statement, etc. This way, you can get payday loans deposited on prepaid debit cards efficiently.

Applying for a Prepaid Card Payday Loan: Reliable Tips to Get Approved

Having a loan is quite facilitating but comes with many risks. If you don’t pay the installments on time, you will be charged late fees and other charges. However, Suppose you have chosen any one of the above reliable options from the above list. In that case, you can simply begin with the application process for a payday loan prepaid card. But here are some tips that you must know. Thus, we are coming up with a section that will tell you some tips through which you get approved easily. You are just required to keep them in mind while applying for the loan.

  • You must have an additional source of income; this way, you can get easily approved by the lender.
  • A good credit score is a much-needed thing. If you have a good score, then you don’t need to worry about anything. 
  • You must not apply for a high amount of loan as it will make you refused by the lender. For your information, payday loans are specifically designed for short-term needs. Thus, you must not apply for a higher amount.
  • Always keep taking loans and repaying them on time. This way, you can have a better credit score and also get higher chances for approvals, and a lot of promising rewards will also be waiting at your door.
  • You must always pay the repayments on time. This shows your borrowers that you are on time and you are too reliable.

Frequently Asked Questions (FAQs)

Q1. Can you get a payday loan with a prepaid bank account?

Yes, there are various open and free options for every type of financial need. Similarly, for having a prepaid bank account. You can have a payday loan easily if you only have a prepaid bank account. And use that money without many restrictions. Well, you can use this money in offline and online marketplaces.

Q2. How do you get a cash advance on a prepaid card?

You can simply find a lender who matches your need. There are various platforms available on the internet that are ready to give you money at varying interest rates. You must choose a reliable platform for it. Well, you can choose anyone from our list:

  1. LendYou
  2. GOGO Payday Loans
  3. IndyLend
  4. Greenlight Cash

After selecting, you must go to their official site and complete the application process.

Q3. What payday loans can you get with a prepaid debit card?

You can get every type of payday loan through your prepaid debit card. However, these loans are for a short period of time. Thus, you will be required to submit that within two to three weeks. Moreover, the loan amount is not quite huge. Also, you are not providing any collateral for it.


In a nutshell, we have provided a detailed comprehension of payday loans that accept prepaid accounts. We have given a detailed review of its benefits and reliable options for payday loans. You can choose any one of the above loans for your financial needs. Moreover, we have given a tip section as well. You must keep all these tips in your mind while filing an application for a loan. However, if you are still left with any queries, then you can come back to us anytime. 

Author Profile

Susan Anderson
Meet our Author of Our Editorial Team, Susan Anderson. She is an experienced writer and financial expert who has been writing about credit cards, card offers, services, and other related topics for more than twenty years. With her in-depth knowledge on the matter and her ability to distill complex topics into useful information for readers, Susan has become a go-to source for reliable credit card advice. In addition to her work at the editorial team, she also contributes to major publications such as The Wall Street Journal and With her expertise and industry experience, she is able to provide sound advice on all aspects of credit responsibly while helping people save money in the process.

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