Social Security Payday Loan Options: 6 SSI Payday Lenders Listed

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Verified & Updated Jun 4, 2020

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You can apply for a Social Security payday loan through ACE Cash Express, Cash Central, Cash In A Snap, Faxlessloans24.com, Speedy Cash, and SSI Cash Advance. All of these businesses have online applications. Amounts and terms will vary, but loan periods are typically 10 to 14 days. Below, we have more details on Supplemental Security Income (SSI) payday loans and where to get them.

What Is a Social Security Payday Loan?

Many people rely on Social Security benefits as their primary source of income, and they may, at times, find themselves in need of cash between benefit checks. Payday loans are short-term, high-interest loans that are expected to be repaid with the borrower’s next paycheck; loan terms are typically 10 to 14 days.

Payday loans can be extended, but this comes with even more interest and fees and can result in a cycle of “rollovers” — keeping you in debt. We suggest you treat payday loans with caution and only use them in emergencies. If you do decide to take out a payday loan, check the loan’s terms and fees thoroughly before signing. It’s a good idea to calculate the total amount needed to repay the loan (including any fees) and to pay it back as quickly as possible, avoiding rollovers. Personal or installment loans typically have better terms, so you might want to look into those first, but be aware that missed or late payments on any loan can lead to steep fees or damage your credit.

Where to Get SSI Payday Loans

Not all businesses that offer payday loans will accept applicants that rely on Supplemental Security Income (SSI) benefits, but the following six lenders do. Keep in mind, payday loan regulations vary by state, so certain terms and requirements will depend on your state of residence. We’ve ordered the list below starting with the best overall options.

ACE Cash Express

Speedy Cash

  • Payday loan amount: Varies by state; typically $100 to $1,000
  • Requirements:
    • Must be at least 18
    • Must have an active checking account
    • Must provide proof of income, including Social Security income
    • Must provide valid contact information
  • Source: Speedy Cash website and customer service representatives
  • Find out more or apply online, or visit your nearest Speedy Cash

Faxlessloans24.com

Note: Faxlessloans24.com will submit your application to a network of lenders; it is not a direct lender.

  • Payday loan amount: $100 to $1,500
  • Requirements:
    • Must be at least 18
    • Must have a valid checking or savings account
    • Must have a fixed income, including Social Security income
  • Source: Faxlessloans24.com website
  • Find out more or apply online. Lenders from Faxlessloans24.com’s network will reach out to you with specific terms.

SSI Cash Advance

Note: SSI Cash Advance is an online loan connection service; it is not a direct lender.

  • Payday loan amount: Typically $100 to $1,000; first-time borrowers may be limited to $300 to $500
  • Requirements:
    • Must be a U.S. citizen or legal resident
    • Must be at least 18
    • Must have a minimum income of $800 a month
    • Must provide proof of Social Security income
    • Must have an active U.S. checking or savings account
  • Source: SSI Cash Advance website
  • Find out more or apply online. SSI Cash Advance will send your application to more than 100 partnered lenders.

Cash Central

  • Payday loan amount: Loan amounts vary by state; you can look up the terms in your state using Cash Central’s interactive map.
  • Requirements:
    • Must be at least 18
    • Must provide a Social Security number
    • Must show proof of Social Security income
    • Must have a valid U.S. checking account in your name
    • Must provide two current and valid phone numbers
  • Source: Cash Central website and customer service representatives
  • Find out more or apply online

Cash In A Snap

Note: Cash In A Snap is an online payday loan referral service; it is not a direct lender.

  • Payday loan amount: $100 to $1,000
  • Requirements: Vary by lender
  • Source: Cash In A Snap website
  • Find out more or apply online. Cash In A Snap will submit your application to a network of lenders.

More Information

For more information on payday loans, see our article about places like Speedy Cash. You may also want to check out our article about getting a payday loan with an SSI debit card.

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