Phoenix Payday Loans — Applying for a Safe Payday Advance


Funds are low and trying to figure out how to get by until payday. Someone might have recommended looking into Phoenix payday loans, but they are illegal in this state. Still, some unscrupulous lenders offer these loans both in-person and online, running afoul of the law. 

Phoenix payday loans are illegal because of the high-interest rates that often go up to 400% APR. Because of the predatory lending practices and the fact that they’re illegal in the state, Phoenix payday loans are a bad choice. Instead, consider one of the safe payday advance options. 

How to Get a Cash Advance in Phoenix

You can get an instant cash advance without paying interest with Instacash. 


Max Advance Amount: $250

APR: 0%

Credit Affects: None

Phoenix payday loans might be illegal, but you still have access to Instacash. With a 0% APR and no hidden fees, you can get the money you need without getting in over your head. You even have two options for depositing your funds. You can send the money to your RoarMoney Account, or you can have MoneyLion deposit it into an external account. 

You can even choose the delivery speed. Pay a small fee to get the money right away or go with regular delivery. With regular delivery, the money will hit your RoarMoney account within 48 hours or your external bank account within five business days. 

How to Qualify: 

  • Be at least 18 years of age.
  • Have a steady income or make regular deposits into an active bank account. 
  • Have a bank account with a positive balance that’s been open for at least 60 days.
  • Have an account that’s been open for a minimum of 60 days.

In-Person Lender

Even though payday loans are illegal in Phoenix, there are still lenders that can offer you title loans or payday advances. These loans are not recommended – but here are some aspects you can expect if you are thinking of going this route. 

Max Payday Loan Amount: 20% of the monthly gross income  

APR: 400% or higher 

Credit Affects: Payday lenders don’t report your on-time payments to credit bureaus. Some lenders report missed payments.

Since Phoenix payday loans are illegal, most lenders don’t offer them. However, some payday lenders operate outside of the law and offer the loans in-person and online. Because these lenders aren’t following the law, they can charge outrageous interest and have extremely short repayment periods. You might notice that your loan has a 1,000% APR and has to be repaid in a week. This is just one example of the predatory terms these lenders offer. 

If a title loan or registration loan is offered to you, this means that if you are late on your loan the lender can take possession of your property. 

Instant Online Loan Options in Phoenix

You can legally take out an instant online loan and build your credit at the same time. 

Credit Builder Loan

Loan Amount: You could qualify for up to $1,000.

Credit Affects: The average Credit Builder Loan user can boost their credit score by 60 points in 60 days!

Monthly Membership: $19.99/month

Did you know you can solve your short-term cash problem while also building your credit when you get a Credit Builder Loan from MoneyLion? You can borrow up to $1,000, and MoneyLion reports your on-time payments to the credit bureaus. 

Some of the funds will go directly into your account for you to use, and the rest will go into a Credit Reserve Account to earn interest while you pay off the loan. You’ll get access to the funds in your savings account after you finish paying off the loan, and then you can use them to invest, pay bills, continue earning interest, and more.

How to Qualify:

  • Be at least 18 years of age. 
  • Live in the United States as a citizen or legal permanent resident. 
  • Be a U.S. citizen or legal permanent resident. 
  • Have a United States social security number.
  • Have an active bank account you can use to repay the loan. 

What’s Included?

  • A loan of up to $1,000 paid off in 12 monthly installments.
  • Weekly credit monitoring that includes updates. 
  • A Cash Reserve Account that builds interest while you repay the loan. 
  • Payments are reported to the credit bureaus, so you can increase your score by 60 points in 60 days. 
  • Get additional Instacash benefits.

Comparing Your Cash Advance Loan Options in Phoenix

See how the three cash advance loan options in Phoenix stack up. 

InstacashCredit Builder LoanIn-Person Payday Lender
How Much Can You Borrow?$250$1,000Generally, up to $350
Fees & Interest– Free
– 0% APR
Competitive APR, $19.99/month fee400% APR or higher 
Impacts Your Credit?NoYes, it builds your credit scoreLenders usually report late payments  
Availability– Mobile device
– Apply any time
– Mobile device- Apply any timePayday loans are illegal in Phoenix, but in-person and online options are still available 
Wait TimeInstantly*InstantlyInstant or next-day access to funds is possible
Next StepsSign UpSign Up

Choose a Safe Alternative to Phoenix Pay Day Loans

Phoenix payday loans are illegal for a good reason. They put borrowers in challenging financial situations that are nearly impossible to overcome. 
You can safeguard your finances while getting the money you need with help from MoneyLion. Choose from a Credit Builder Loan or Instacash. You can also open a RoarMoney mobile bank account to unlock additional options. Use it to access weekly spend reports that show you where your money is going.

Sign Up
Sign Up

Fast, interest-free advances anytime

Get Instacash advances up to $500 for everyday expenses or life’s surprises. There’s no credit check, no monthly fee, and no interest.

Sign Up