Best Payday Loans $500 in 2024 - Bad Credit & Quick Approval Loan

Needing $500 cash fast, we have found the best Payday Loan, which will be approved quickly even if you have bad credit. We have selected some of the top Loan companies, but Credit Clock is one of the best see below why we have found this.

Brand Summary Score
Credit Clock Available 24/7 10/10
AnyDayCash.Com Fast Approval  9/10 Good interest rates 9/10
Big Buck Loans Great for poor Credit  8/10
Heart Paydays Instant Funds 8/10
Low Credit Finance Good personal Loans 8/10

Top $500 Payday Loans: Appy Now

Check our recommended lenders to choose the ideal one for you and solicit your loan right now:

To request your loan, simply click on the name of your favorite lender to go to their website and send your application. The systems of our lenders will analyze your application instantly to bring you a response as soon as possible.

If you want more details about each lender before choosing one, then the following reviews will help you to make the best decision.

1. AnyDayCash.Com Fastest Approval and Release



Fastest approval and disbursement in the market

Hard to access better loans

Affordable APR and fees

Not available in all states

High approval rate


Accepts borrowers with bad credit


Low income borrowers accepted



If you need the $500 USD as soon as possible, then you can rely on Viva Payday Loans because they offer the quickest approval and disbursement in the market. Their average disbursement time is 1 hour, so you can count on them to get the money to handle any type of emergency.

Even with bad credit or low income, you still stand a high chance at getting approved by Viva Payday loans - thanks to their high approval rate and low requirements.

Payday loans tend to be expensive, but Viva Loans has managed to keep the APR and fees reasonable to bring you a fair offer to solve any problem you might be facing at an affordable price.

However, Viva Payday Loans could make it easier for payday loan borrowers to get access to better loans, and they should work on expanding to other states.

2. Lowest Interest and Fees



Lowest interest and fees for $500 payday loans

Not available in all states

Pool of thousands of direct lenders

Most direct lenders only issue short-term loans

High approval rate


Fast approval


Access to more loans by paying on time


If your main focus is to find the $500 payday loan with the lowest interest and fees, then is the place to be.  Thanks to its big pool of direct lenders who are known for issuing affordable payday loans, you can easily find the offer for you.

On top of that, they have a high approval rate, fast approval and disbursement once approved and you can get access to better loans by paying back on time in time. All in all, it’s a solid choice when you need $500.

However, keep in mind that most lenders will only accept a short-term installment and that this company is not available in all states.

3. Credit Clock: 24/7 Availability



Get a $500 loan at any time of the day - even in the middle of the night

Not available in all states

Fair APR and fees

Strict minimum monthly income requirement

High approval rate


Quick application process


Access to more loans and products


You’ve just discovered you need an extra $500 at 02:00 A.M? Then you must head over to Credit Clock as soon as possible because they have 24/7 availability - you can request your loan at any time of the day and they will proceed to deposit the money as soon as possible (1 hour in the majority of cases).

The application process is straightforward - you can complete it in 5 minutes or less, so the system can analyze and approve your application as soon as possible to disburse your loan in record time.

And they can approve your application even with bad credit, and their APR and fees are pretty competitive for this segment of the loans market.

If you pay back on time, then they will gladly bring you access to more products and loans, in addition to improving your credit score.

4. Big Buck Loans: Best for Bad Credit



Highest approval rate for bad credit borrowers

Not available in all states

Fast approval and release

Higher APR and fees

Flexible terms and conditions


Low monthly income requirement


Great customer support


If your credit score is absolutely low and most lenders have already rejected your application, then you should request a $500 payday loan from Big Buck Loans because they have the highest approval rate for bad credit borrowers.

Even with low income, they can still approve your application, and thanks to their efficient system, it’s a smooth and fast process. And you can adapt the offer according to your needs thanks to their flexible terms and conditions.

Nonetheless, keep in mind that the APR and fees will be higher due to the high risk of default, but once you become a regular customer and pay back on time, they will issue you loans at a much lower price.

5. Heart Paydays: Best Broker for $500 Payday Loan



Biggest pool of direct lenders

You have to compare different lenders

Flexible terms and conditions

Not available in all states

Easily find your ideal $500 payday loan offer


Great customer support


Competitive APR


If you're exclusively looking for a broker that will bring you access to thousands of direct lenders willing to bring you a $500 payday loan, then Heart Paydays is a good choice.

We’ve personally tried it and its system automatically suggests direct lenders, so you can get your $500 payday loan in record time. However, you still need to compare different offers and the approval and disbursement will depend on the lender.

It’s also worth noting that their customer support service is incredible - they’re always ready to bring the answers and solutions you need. This is especially important if it’s your first time requesting an online loan.

6. Low Credit Finance: Best for Limited Credit History



Highest approval rate for borrowers with limited credit history

Higher APR and fees

Accepts borrowers with low monthly income

Not available in all states

Fast approval


Easy application process


Competent customer support


If your loan applications have been rejected due to your limited credit history, you can stop worrying about it thanks to Low Credit Finance, because they have the highest approval rate for borrowers with no credit history. And that includes bad credit as well.

The approval and disbursement are fast, and the application process goes straight to the point. You can get the $500 you need the same day.

Only keep in mind that the APR and the fees are higher since it’s a high-risk product, but it’s easy to understand why.

How to Obtain Your Payday Loan for $500 in 5 Steps

If you’ve already chosen your ideal lender but you don’t know how to request your loan, then here’s how you can do it in only 5 steps:

  • Select a lender from our ranking
  • Go to their website by clicking its name
  • Fill out the application form with all the necessary information
  • Wait for the system to review your application automatically
  • Receive the $500 USD in your bank account if approved.

You can request your loan in as little as 5 minutes - don’t wait any longer to receive it today once you are approved. 

If you want to learn more about $500 payday loans and our recommended lenders, then we invite you to keep reading our guide.

Requirements for Obtaining a $500 Payday Loan

We’ve only selected the lenders that have the easiest-to-meet eligibility requirements - and here you have them:

  • You must be at least 18 years old
  • You must be a US citizen or permanent resident
  • You must have a verifiable income source
  • You must have a valid bank account
  • You must have an active phone number and/or email address

It’s easy to see how practical and minimal these requirements are. Even with bad credit, limited credit history or low income, you can still get the $500 USD you need right now thanks to our lenders.

Why Can You Trust Our Recommended $500 Payday Loans?

Because we have invested all the necessary time, technology, resources and hard work to analyze the entire market, compare all the available options and only choose the ones that meet the following criteria:

  • Lenders that are registered and regulated in your state
  • Lenders with a solid record, positive reviews and ratings
  • Lenders free from scandals
  • Lenders with clear terms and conditions.

Thus you can trust our recommendations because they’re backed up by research and analysis executed by professionals - and if you want to learn more about our methodology, then visit the respective section to check our entire review and selection process.

How Does a $500 Payday Loan Work?

If you want to learn what this loan is and how it works in detail, then here you have a clear explanation to understand what you are requesting.

What is a $500 Payday Loan?

It’s a loan that will grant you $500 USD and that you can pay the day after you get your paycheck, hence the name of “payday loan”. Therefore, it’s a short-term loan that’s capped at $200, $500 or $1,000 - with a higher APR and stricter conditions, but in exchange, they accept borrowers with low income, bad credit or even no credit history at all.

What’s the Process for Getting a $500 Payday Loan?

The process is quite simple: You send your application, the lender analyzes its automatically with its software to determine the accuracy of your information and compare it against their own data to check if you meet the requirements, and if it’s the case, then they will approve your application and proceed to deposit the $500 in your bank account.

Our selected lenders use the most advanced systems and software to analyze your application quickly, and that’s why some of them can offer you instant approval, and proceed to deposit the money in 1-2 hours max.

About Your Income and Credit Score

Our recommended lenders will require a verifiable income source to approve your application, but it doesn’t need to be high for a $500 payday loan. It can be as low as $800 per month, and regarding your credit score, it can be even in the range of 300 points and you’ll stand a chance at getting your application approved.

If you pay back the loan on time, then this will benefit your credit score because you will introduce positive information to your history, and let other lenders see your recent credit activity. 

Pros and Cons

If you’re still unsure about applying for this type of loan, then this comparison between the pros and cons will help you to make the right decision.



Easiest way to get $500 USD for an emergency

The APR and fees are higher

You can get approved even with bad credit, limited credit history or low income

Some lenders are not available in all states

You can receive the $500 deposited in your bank account in 1-2 hours


You can get the $500 even if you’re unemployed


You can pay it in flexible terms


You can get access to better loans by paying back on time


You can improve your credit score by paying back on time


The pros massively overcome the cons because you need the $500 right now, and our recommended lenders can bring you it under fair conditions.

However, if you want to explore other options, then we invite you to check the best alternatives to $500 payday loans.

Alternatives to $500 Payday Loans

If you check the pros vs. cons and you’ve decided not to request a $500 payday loan, then here you have the best alternatives:

Short Term Loans

If you want to pay back the loan as soon as possible and you don’t need more than $1,000 - then one of the best short-term loans might be exactly what you need. When compared to $500 payday loans, they bring you more flexibility on the terms and conditions, and you can request more than $500 USD, making it an excellent alternative.

Installment Loans

If you wish to pay your loan over several installments and you’ve just discovered you need more than $500, then one of the best installment loans might be the best choice for you. These loans can easily bring you more than $1,000 USD and you can pay it back over 12-24 months, bringing you more flexibility and freedom to manage your debt.

Cash Advance

A $500 cash advance might be an excellent choice if you have an active credit card. To put in simple terms, it’s converting your credit line to money that you can use as you wish. Therefore, if it’s an alternative you’re willing to consider, then here you have a solid way to get the $500 USD you need right now.

Methodology for Choosing the Top $500 Payday Loans

Here you can learn more about the methodology we used to build this ranking of the top $500 payday loans in 2024.

About the Lender

Our selection process starts by verifying if the lender has a valid license to operate in the states they do business in. Then, we proceed to check if they have a valid physical address, their online reputation, their history and records, and the team behind the company. If everything is legit, then we proceed to check the other factors.


To increase your chances of getting approved and obtaining the $500 USD you need right now, we’ve only selected the lenders with the easiest-to-meet eligibility requirements. Our recommended lenders only require you to be at least 18 years old, an US citizen or permanent resident, and to have a valid income source. 

Approval Rate

Because our mission is to help you get the $500 USD you need right now, we’ve only selected the lenders in this category with the highest approval rate. Even with bad credit, low income and no credit history, you can still get your application approved, because we’re here to increase your chances of getting the $500 you need.

APR and Fees

Evidently, we want to make it as affordable as possible for you to get a $500 payday loan and thus we’ve selected the lenders with the lowest APR and fees for this financial product. It’s been hard because most companies charge outrageously big prices, but our recommended lenders charge only fair rates and fees.


It’s highly probable that you need the money as soon as possible, and hence we’ve only selected lenders that have a swift and quick application process. From having a fast website, an easy-to-complete form to minimal requirements, you can complete the application process in as little as 5 minutes, even if you’ve never requested an online loan before.

Customer Support

Finally, our selected lenders can bring you fast answers and solutions via live chat, email or phone. We’ve tested the customer support department of each one of the options we recommend, so you can get a premium experience.


If you need more information about our recommended lenders, then here you have the answers to the most frequently asked questions about $500 payday loans.

Can I get a $500 payday loan with no credit check?

Yes, our recommended lenders will only perform a soft credit check (if any). There will place more importance on other factors such as your income source, recent credit activity, employment, etc. 

Related post about Personal Loans with No Credit Check

Can I get a $500 payday loan with bad credit?

Yes, options like Big Buck Loans, Viva Payday Loans, Low Credit Finance and ZippyLoan have a high approval rate for borrowers with bad credit. Even if it’s as low as 300 points, you’ll stand a high chance at getting approved and obtaining the $500 you need.

Are $500 payday loans approved instantly?

They can be approved instantly but it depends on the lender you choose. If you need the money as soon as possible, then you should request your $500 payday loan from companies like Viva Payday Loans, Credit Clock, or ZippyLoan, because they can approve your loan instantly and release the money in 1-2 hours.

What happens if you don’t pay back the $500 payday loan?

If you default on paying back the $500 payday loan, then you will hurt your credit score even more and have to face severe penalties. Therefore, you should ask yourself if you’ll be able to pay back the loan before requesting it.

Can you get a $500 payday loan if you’re unemployed?

Yes, as long as you have a verifiable income source, you can obtain a $500 payday loan. The minimum monthly income requirement will vary depending on the company, but if you want to increase your chances of getting approved, then look into Low Credit Finance.