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      May 6, 2016
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Payday Loans
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Payday loans provide a much-needed service to millions of people. There are many times when short-term debts outrun the ability to pay. In times like this, a payday loan (a loan against a future paycheck) can provide the cash necessary to meet those needs.

Get Your Payday Loan Today With Trusted Payday! The advantages of payday loans are many. Often they don't require a credit check; so the loan, and your repayment, never show up on your credit history. The best payday loans offer amounts that can range from a few hundred dollars to $1,500 (and sometimes more). And you receive your loan very quickly; usually within 24 hours.

Drawbacks? Payday loans typically charge service fees that are greater than traditional loans. These service fees can range from $10 to $30 per $100 loaned, and sometimes even more. Many states have regulations stipulating the amount of service fees that can be charged. Obviously, the best payday loans are meant to address quick cash needs, and should not be used as a long-term solution.

Still, in order to meet short-term obligations, payday loans can provide a fast and easy solution. When evaluating different payday loans, there are certain factors you want to consider. Some of these include:

  • Loan Amount.  How much money do you need? A variety of loan amounts are offered by different lenders.
  • Best Payday Loan Companies
  • Service Fees.  Look for companies that state their fees up front or guarantee lowest fees.
  • Convenience.  Can your application be processed entirely online, or will you need to fax in documents? How quick will the money be deposited to you?

TopConsumerReviews.com has reviewed and ranked the best payday loans available today. We hope these reviews help you meet your short-term financial needs!

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

2016

Payday Loan Reviews

5 stars
Trusted Payday

TRUSTED PAYDAY TopConsumerReviews.com Best-In-Class Blue Ribbon Award

Trusted Payday provides an easy, no-hassle application process with flexibility to receive your payday loan direct to your bank account within 24 hours. The website is upfront with the terms of each loan, depending on the size, your location, and the length of time. Read More... Visit
Site

4.5 stars
Cash Advance

CASH ADVANCE

With over 400 lenders in their network, Cash Advance has the largest pool of lenders competing for your business that we've seen. Combined with an easy-to-use website and over 15 years in business. Cash Advance is a strong choice for your next payday loan. Read More... Visit
Site

4 stars
ACE Cash Express

ACE CASH EXPRESS

ACE Cash Express is the largest owner and operator of check cashing stores in the United States. With a very good payday loan website, they bring their reliable history of payday loans to the Internet. We just wish they offered online payday loans to more states. Read More... Visit
Site

3.5 stars
Cash Corner

CASH CORNER

Cash Corner is a payday loan broker that matches applicants with lenders. Customers can not anticipate standard policies and rules, as they are dependent on which lender accepts the loan. Cash Corner may be a good option for those that have not had luck at other payday loan websites. Read More... Visit
Site

3 stars
Payday Loan Today

PAYDAY LOAN TODAY

Payday Loan Today is a direct lender that specializes in providing payday loans of $500.00. Their website makes the loan qualification process easy to understand. Applicants can complete a payday loan request online, and approval can come in as little as a few minutes. If you're looking for more than $500 to cover short term costs, however, you'll need to look elsewhere. Read More... Visit
Site

3 stars
Helping Hand Advances

HELPING HAND ADVANCES

Helping Hand Advances is a decent option for your next payday loan - especially for a new customer. With a no-hassle loan application process, no credit check, and a flexible payback period, Helping Hand Advances makes it easy to help meet the needs of individuals needing short term cash assistance. Read More... Visit
Site

2.5 stars
Cash Central

CASH CENTRAL

Cash Central is a good upstanding lender, not just a payday loan broker. Their downfall is that they are only licensed in the western half of the U.S., and can only loan up to $500 cash. Read More... Visit
Site

2 stars
Cash Net USA

CASH NET USA

Cash Net USA provides payday loans and lines of credit for customers in 30 States. We liked the quick approval and payment turnaround with this provider but were concerned with their low BBB rating and citations from the state of California.
Read More... Visit
Site

2 stars
My Payday Loan

MY PAYDAY LOAN

With a no-fax, no-credit check loan application process, My Payday Loan offers an easy way to get an advance on your next paycheck. While their website may not be as professional as others in our review, it does offer helpful information to those in need of a short-term loan. Read More... Visit
Site

1 star
Large Cash Loans

LARGE CASH LOANS

This cash advance website offers lots of financial resources and general money related information, but is marginal when it comes to providing the best payday loans. You can borrow up to $1,500, but they don't post fee information on their website. Read More... Visit
Site

What to Look For in a Payday Loan

When searching for any type of loan, including payday loans, there are a number of factors to consider. Although fast cash payday loans are different in some respects, they are very much like any other loan in that convenience, cost and quick replies are essential. With that in mind, this article is designed to give you an accurate and detailed look at some of the factors to look for when choosing where to submit your application for payday loans.

  • Convenience. Can you apply online? If so, how long will the application process take? With the internet being so popular, many lenders now allow for fast and easy online applications, which also means quicker approvals. Due to the fact that payday loans focus less on credit history and more on your current ability to repay the debt, there is often no credit check. This means a faster response may be possible, especially if your employment and income and easily verifiable.
  • Response Time. While considering payday loans, you should look at the average length of time for an approval and an estimate on how long it will be before you receive the cash advance. Payday loans are often referred to as a cash advance because, quite simply, they are a cash advance with your next paycheck being used as collateral.
  • Loan Fees. Every lender is different, but one thing remains virtually universal when it comes to payday loans. Almost every lender will impose a fee that is based on the amount of money that you borrow. In addition to the full amount of the loan being repaid, the fee must also be paid before the loan will be satisfied. It is crucial that you know exactly how much these fees are prior to applying for payday loans.
  • Loan Amount. Most payday loans are issued for an amount up to and including $1,500.00, but some may only lend up to $500.00. Available loan options, including the maximum loan amount, may differ from one lender to another. Prior to requesting payday loans, you should think about how much money you actually need and then look for a lender who can help you.
  • Reputation. One of the most important things that a company can have is its reputation, which is why it is important to research a payday lender as thoroughly as possible. It may be a good idea to research company both with the Better Business Bureau (BBB) and through reviews produced by independent, third-party reviews.

Payday loans offer quick cash for those who need it and, best of all, they are available almost immediately. These types of loans help those who may be faced with life's unexpected events, expenses or are just running short on cash and need a helping hand until the next paycheck rolls in. Whatever the reason, payday loans provide a valuable service and it's important to know what to look for and how to choose the right lender for you.

 

 

 

NerdWallet tries to steer borrowers clear of payday loans

Yale. Morgan Stanley. Private equity. James Zhang has collected plenty of prestigious stamps on his résumé in the nine years since he graduated from high school and pursued a career in high finance. But he's also an immigrant, the grandson of an ...

Published:  Wed, 04 May 2016 17:50:00 GMT



Wonga Suffers Massive Losses: Is This The End of Payday Loans?

The controversial short-term lender saw pre-tax losses grow from £38.1 million in 2014 to £80.2 million and is expecting to record a loss for 2016. The company has overhauled the way it assesses applications for credit, and extended the repayment term ...

Published:  Wed, 04 May 2016 06:26:00 GMT



Online Payday Loans Have 'Hidden Costs,' Federal Report Says

Payday lenders have opened shop online - and that's created a new set of problems for borrowers, according to a report from the Consumer Financial Protection Bureau (CFPB). Online lending offers the convenience and privacy that cannot be matched by a ...

Published:  Wed, 27 Apr 2016 02:23:00 GMT



Real PDL Help Provides Programs to Help Clients Take Back Control From Payday Lenders

With APRs as high as 400 percent and interest and fees that seem to double overnight, paying off these payday loans can take months. Too many people are overwhelmed by increasing loans, struggling with outrageous monthly payments, and are stressed and ...

Published:  Wed, 04 May 2016 16:00:00 GMT



Wonga losses double to £80million after crackdown on payday loans

The UK's biggest payday lender - Wonga - saw its losses double previous year as tougher regulation in the industry continued to bite. Although the firm has interests in other countries, its United Kingdom short-term lending arm is at the heart of its ...

Published:  Wed, 04 May 2016 08:26:00 GMT



The changing face of the payday loans industry

After lots of scrutiny, the sector must demonstrate to the public and consumers that it has achieved internal change and reform - will it meet the challenge? While we don't simply want to forget the past, we do recognise that the debate on alternative ...

Published:  Fri, 22 Apr 2016 07:12:00 GMT



Broward may offer emergency payday loans to employees

Concerned about predatory lenders, Broward County officials said they'll consider offering employees emergency loans with lower interest rates. Commissioners agreed to seek bids from loan providers who might want to team up with Broward County, offering ...

Published:  Tue, 03 May 2016 16:08:00 GMT



5 Things to Know About the CFPB's Proposed Arbitration Rule

The Consumer Financial Protection Bureau on Thursday proposed a rule to restrict the use of arbitration clauses in consumer contracts covering a wide range of financial products and services, from credit cards and bank accounts to payday loans. The rule ...

Published:  Thu, 05 May 2016 10:16:00 GMT



Don't block limits on payday loans: Editorial

Why are both Democrats and Republicans in Congress from Florida going to bat for payday lenders? Florida's congressional delegation is in rare bipartisan accord on an issue. Unfortunately, it's the wrong position. The issue has attracted attention in South ...

Published:  Tue, 26 Apr 2016 06:55:00 GMT



What you need to know about payday loans

The staff at the Bradford branch of Pay2Day understands that sometimes unexpected costs arise when you don't have the money in the bank to cover it. Luckily, there are solutions for these immediate financial obligations. While you work hard for your ...

Published:  Sun, 01 May 2016 15:01:00 GMT



 

 

 

Get Your Payday Loan Today With Trusted Payday!

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