Green Dot Money loans review

Apply for a loan of $100 to $10,000 through a network of legit online lenders.

If you need money quickly but don’t want to spend time browsing lenders, consider applying through Green Dot Money. This lending marketplace could include an option that matches your needs — even if you have poor credit.

Read on to learn how Green Dot Money can match you to a short-term loan with fast funding.

Min Loan Amount$100
Max. Loan Amount$10,000
Loan TermVaries by lender
Loan SecurityUnsecured
RequirementsYou must live in one of its serviced states; be at your state’s age of majority; be a citizen or permanent resident of the US; have a steady source of income and a bank account or reusable debit card.
  • Live in one of its serviced states. Green Dot Money currently services all states and Washington, DC except: Colorado, Connecticut, Iowa, New York, Vermont, West Virginia.
  • Be at least 18 years old (or your state’s age of majority).
  • Be a citizen or permanent resident of the US.
  • Have a steady source of income.
  • Have a bank account or reusable debit card.

How does Green Dot Money work?

Green Dot Money doesn’t provide loans directly. Instead, it’s a loan-matching service that can connect you to lenders willing to offer amounts and terms you specify in its simple online application. After you apply, you choose a loan from among those you’re eligible for and accept a contract on the specific lender’s website.

How short-term loan brokers work

What loans could I get through Green Dot Money?

  • Payday loans. Payday loans — also called short-term or cash advance loans — are a quick way to get small amounts of money when you need it most. The amount you borrow including accrued interest is typically due in two to four weeks. Because these loans are designed for people with less-than-perfect credit, prepare for high interest rates and multiple fees.
  • Installment loans. Similar to payday loans, installment loans come with high interest rates and multiple fees. But they can be repaid over months, rather than weeks — which makes them a better choice for larger amounts. Longer repayment terms result in smaller payments, but interest can add up quickly.

How does Green Dot Money compare to other short-term loan brokers?

Rates last updated October 18th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
Bad Credit Loans Personal Loans
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
$5,000
3 to 60 months
Varies based on lender
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-matching service, even with poor credit history.
$2,500
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
TriangleCash Payday Loans
If you have bad credit or no credit history, apply to be matched with a network of lenders for funding at rates that vary by state.
$1,000
Varies based on lender
As soon as next business day
You must be a US citizen, at least 18 years old, and have a valid bank account.
SWIFT Payday Loan
Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
$1,200
Varies by lender
Next business day
Must be at least 18 years old and employed or have regular income.
LoanSolo.com Payday Loans
Get matched with a legit lender offering convenient payday loans and quickly get funds.
$1,000
Varies by lender
As soon as one business day
You must be 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
ExtraLend.com Installment Loans
This free and simple service matches you with online lenders offering installment loans.
$3,000
Varies by lender
As soon as one business day
Must be at least 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
iCashLoans.com Short Term Loans
Potentially get a loan through a network of 100+ lenders. One simple online application.
$1,000
Varies by lender
Varies by lender
Be employed, have a bank account in your name and income of at least $1,000 per month.
CashAdvance.com Payday Loans
Whether for emergencies or unexpected expenses, this broker may be able to match you among its nationwide network of lenders.
$999
Up to 12 months
1–2 days
You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.

Compare up to 4 providers

What are the benefits and drawbacks of Green Dot Money?

Pros

  • No obligation. If you don’t like the terms you’re given, you’re under no obligation to accept a contract.
  • Borrow how much you want. Whether you need $100 to get by until your next paycheck or $1,000 for emergency expenses, you might find a loan to get over your financial hurdle.
  • Prepaid debit cards available. Some lenders may let you choose to load your funds on a prepaid debit card for added convenience.

Cons

  • High rates. Short-term loans come with high APRs — from $15 to $30 for every $100 you borrow.
  • No guarantee. Green Dot Money has a large network, but it might not always be able to find you a lender.

You have other options when short-term loans aren’t the right choice

How much does it cost to use Green Dot Money?

As with most loan-matching services, it’s free to search for a loan through Green Dot Money. In fact, you won’t pay anything until you sign a loan contract. At that time, you’re responsible for any costs determined by your lender.

Is Green Dot Money safe to use?

Yes. Green Dot Money is legit. It complies with federal regulations when it comes to keeping your information safe. Your files are private and secure on its servers, and your personal details are shared only if it’s necessary to find you a lender.

Make sure your lender’s legit before you sign any contract

How do I apply?

The Green Dot Money application is quick and simple. You’ll need to provide some basic information at this step and prepare to give up more once you’re matched with a lender. Here’s what you’ll need:

Eligibility criteria:

  • You must live in one of its serviced states. Green Dot Money currently services all states and Washington, DC except: Colorado, Connecticut, Iowa, New York, Vermont, West Virginia.
  • You must be at least 18 years old (or your state’s age of majority).
  • You must be a citizen or permanent resident of the US.
  • You must have a steady source of income.
  • You must have a bank account or reusable debit card.

Required information:

  • Personal details, including your name, date of birth, Social Security number and government-issued ID
  • Contact details, including your email, phone number and home address
  • Financial details, including your bank account numbers and your monthly income

Bottom line

If you’re in need of cash and and looking for quick funding, let Green Dot Money do the work of finding a lender for you. You may find a loan that meets your needs and helps you pay for whatever financial emergencies come your way. Consider other short-term loan brokers if you’d to compare your options.

Are payday loans available in my state?

Frequently asked questions

No. Applying through a matching-service doesn’t affect your credit, and Green Dot Money doesn’t report your inquiry to any credit agency. Keep in mind that a lender may choose to do so once you sign a contract.
Yes. One of the benefits of using Green Dot Money’s services is that the loan you receive will likely be from a lender willing to transfer your funds onto a card backed by Green Dot Corporation.
It’s good practice to consider reviews when choosing a loan-matching service and a lender. If you don’t think Green Dot Money is the right option for you, you can always compare your other options.
It depends on the individual lender. When reviewing your loan contract, ask about prepayment. Some payday loan lenders charge extra fees for early repayment.
Funds are usually deposited into your bank account by the next business day, but it ultimately depends on your lender and your bank.
Not always. If you have a prepaid card through Green Dot, you’ll likely be able to transfer the funds directly onto your card, no bank account required. Learn more about no bank account loans.
It depends. Not all lenders report to the big three credit agencies that handle credit, but some might choose to report late or missing payments. Reporting is at the discretion of the lender, and Green Dot Money has no control over your loan search once you find a suitable lender.
The best solution is to contact your loan provider and inform the representative. The lender might be willing to extend the payment deadline and find ways to help you through difficult financial times.
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