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What To Know About Social Security Disability Payday Loans

Last updated: September 20, 2023

If you've ever been in a tight spot or needed cash for an emergency, you may have wondered if there are Social Security disability payday loans available for you. Is it possible to get a cash advance on your Social Security disability checks?

The answer might surprise you. Like traditional payday checks, you can get a loan based on your Social Security checks. However, there are risks you should be aware of. 

Getting A Personal Loan While On Disability

Getting A Personal Loan While On Disability

Payday loans are short-term loans aimed at low-income individuals. They're often less than $500 and have fees ranging from $10 to $30 for every $100 borrowed. Borrowers will issue a check for the payment amount plus fees to the lender to get the amount of borrowed cash. The lender will cash in the check on the borrower's payday. 

As long as the lender can verify that the borrower receives monthly payments, like payday and assistance benefits, they will surely issue a payday loan. This way, you can easily get a short-term cash advance on disability payments as long as your monthly cash receipts are high enough to cover the requested loan amount. Although a lender will also pay attention to your debt-to-income ratio, it will consider any verifiable payments you receive on a monthly basis as income for a loan.

For this reason, they welcome disability beneficiaries because of the stable monthly benefits that assure them you can repay the loan. A stable income is a primary criterion for getting approved. Other eligibility factors — like the amount of benefit or income you make in a month — determine how much money you can borrow. 

Loan Networks That Offer Payday Loans

Here are the loan networks that offer payday loans for those with disability benefits: 


MoneyMutual lets you borrow as little as $200 or as much as $5,000 within 24 hours. It's an online marketplace where several lenders evaluate your application and make offers. Borrowing is easy with their online form, where you answer the required details so they can evaluate your creditworthiness.

Decisions are made within minutes, and within hours, you'll have several offers. You're in charge of evaluating these offers for their merit. When you accept an offer, the funds are deposited into your account within hours. This makes the platform ideal for those suffering from an emergency but don't have the funds to cover it. 


CashUSA commits to helping you find loans of as much as $10,000 to help with emergencies or even remodeling your home. It's also an online marketplace where you complete a secure form and wait for lenders to reach out with their offers. 

If you can't find a lender, the platform can offer other forms of loans like debt relief, credit repair, and similar services. As soon as you accept an offer, the funds are deposited straight into your checking account within the next business day. 


BillsHappen® gives you access to hundreds of lenders who can offer as much as $5,000 and make it available within the next 24 hours. You simply complete a form on their website that lenders use to evaluate if they'll make an offer. When a lender decides to accept your initial application, you'll get an offer via email.

The initial offer requires you to go to the lender's site and submit additional information for the final offer. When everything is agreeable for both parties, you can get the loan amount as early as the next business day.


CashAdvance.com provides a quick way to find lenders ready to loan you the amount you need in an emergency. It's a free service that connects you with reputable lenders with competitive rates to help you access the money you need. 

You can get as much as $10,000 within the next business day and enjoy long payment terms and lower rates.

Understanding Cash Advance Loans 

Understanding Payday Loans

Payday loans are a type of cash advance loan. They're convenient and fast to get. 

However, there's a high cost to this convenience. As mentioned above, for every $100 borrowed, the typical fees range from $10 to $30. In one year, that's an annual percentage rate (APR) of 400 percent, which is way higher than the credit card APR of 16 percent. If not managed properly (i.e., if a borrower keeps borrowing every two-week payday and won't have enough to repay the principal), this type of loan can balloon and put someone in a bind. 

For people with disabilities living off their social security benefits, this can be a tough position to be in. 

When taking out a personal loan while on disability, ensure that you understand the fees and only plan to use this strategy to augment a short-term urgent need for cash. Otherwise, consider other means to secure a loan. 

If you're an injured veteran, you can also qualify for a VA loan. Learn the details in our complete guide to getting a VA loan.

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Victor Traylor
An expert to the field of Social Justice, Victor formed Disability Help to connect ideas and expertise from the US with rising global cultural leadership, building networks, fostering collaboration, long-term results, mutual benefit, and more extensive international perception.
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