Payday Loans for Postal Employees


written by

Ana Gotter
March 14, 2022

The United States Postal Serivce (USPS) is an independent agency, so while they’re not technically considered federal workers, they must follow federal rules and do receive many federal benefits.

This comes with a number of advantages, including a stable job and solid benefits, both of which can help you receive multiple types of funding if you ever need it— including payday loans.

What Are Payday Loans and How Do They Work?

Payday loans are high-interest, short term loans that provide nearly-instant cash, and which are designed to be repaid in a single lump sum once you receive your next paycheck. They’re meant to work like a cash advance, holding you over until that paycheck hits your bank account.

The approval process is typically fast and easy, asking just a few questions about your income and your identity. If you accept the terms of the loan, which will detail a repayment period and the fee you’ll pay in interest, you can receive the funds almost instantly.

In many cases, you can pay off payday loans early but they’ll otherwise be withdrawn directly from the bank account that you used to receive the funds. It’s important to make sure you’ve got cash ready, or you may be hit with overdraft fees from both the bank and the payday loan lender.

Payday Loans for Postal Employees: What to Know

Postal employees aren’t federal employees, but they’re often given the same respect as federal employees. Lenders know that they have stable jobs and secure pay, which can help postal workers receive funding.

And, since many USPS workers do have consistent pay, it’s easy to know how much you can afford to borrow because many workers (and especially full-time workers) will know exactly how much is coming around on that next paycheck.

If you’re a postal worker who needs quick access to liquid cash for any reason, payday loans may be a good option to consider. They work fast, and they’re likely to approve you even when banks won’t— and even if you don’t have great credit. The funds appear quickly, typically overnight and sometimes even same-day.

Before choosing a payday loan, however, make sure you understand the loan payment terms and the costs. Because these loans have such short repayment terms, the interest rate is also extraordinarily high, averaging around 400% APR, or $15 in interest for every $100 of loan funding granted.

There are other funding options that may have much lower APR, though the application process may take longer or be more stringent, so you need to weigh out the pros and cons.

Payday Loans & Alternatives for Postal Employees

Postal employees can take advantage of any payday loan they’re eligible for, though there are some payday loan programs and alternatives that are marketed specifically towards postal employees specifically.