Getting a Cash Advance Loan on Social Security


With the rising cost of healthcare and basic necessities, any unexpected bills can devastate people on fixed incomes like Social Security. While credit cards and unsecured loans are often the first choice for borrowers, many banks restrict lending to Social Security recipients because they are not considered gainfully employed.

Getting a cash advance loan on Social Security is frequently the best solution because payday loan lenders do not conduct credit checks and are used to working with people who rely on monthly benefits. This guide explores the minimum requirements to apply for and repay a cash advance loan online.

Minimum Social Security Income to Qualify

Cash advance lenders look at a person’s ability to repay the debt in order to decide whether or not a short-term loan can be granted. In the majority of cases, they do not care whether a borrower has good credit, bad credit, or no credit. Instead, they compare the borrower’s monthly income with the funds necessary to pay back the loan by the due date.

In order to get a cash advance loan on Social Security, borrowers must receive at least $800 in monthly Social Security and Supplemental Security Income (SSI) payments. People who earn less than that amount may still be able to apply for a loan and request an additional review for special circumstances, but the odds of receiving a sufficient cash advance are limited. People on Social Security who earn more than $800 per month have a better chance of being approved for a cash advance loan online. In April 2011, the Social Security Administration paid an average of $1077 to each Social Security recipient, meaning that the likelihood of qualifying for a temporary cash advance are high.

Repaying a Cash Advance Loan

As with all loans, cash advances must be repaid based on the deadline written in the contract. Many people on Social Security mistakenly believe that they are not eligible for a cash advance loan because they do not receive a paycheck weekly or every two weeks. The good news is that most online cash advance lenders are willing to postpone repayment for up to one month, and some lenders will even take payments up to six weeks later.

Receiving a monthly Social Security or SSI check is no problem when applying for a short-term loan. Borrowers just need to let the lending institution know how frequently they receive income and select a loan term that corresponds to their “payday.”

Getting a Cash Advance Loan on Social Security

For more information, check out this list of cash advance lenders for Social Security recipients.


  1. I need the
    Obey to off a. Ill I have I am a
    O.the behind I rely need 1500 by tomorrow can yo please can you help me I only get 560.00 a month ssi benefits a month

  2. Need to barrow. 200.

  3. i really need a cash loan iam ion ssi i recive 698 a mounth i need a loan of 600 for my kids party in two days

  4. I need to borrow like 600 or so

  5. I need 100.00 cause I need to get me a new tag for my car. And I get 698.00 every month.

  6. need to borrow $300 as need to put a deposit for a apt. can you pls help me. tks

  7. i need a loan i have six kid need to get them somthing for christmas i get 721 dollar a month ipaid my light water rentbills please write back

  8. I need a loan for 700.00 ssi bennifets monthly paid 1454.00

  9. I received $1029 per month Social Security disability as a disabled veteran. I need a $600 cash advance to save my truck and storage ASAP OR I lose everything. Where can I get such a loan?

  10. I need advance loan in the amount of $300 dollars and I get SSI benefits with direct deposit.

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