Payday Loan Reviews

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TRUSTED PAYDAY

Trusted Payday provides an easy, no-hassle application process with flexibility to receive your payday loan direct to your bank account as soon as tomorrow. The website is upfront with the terms of each loan, depending on the size, your location, and the length of time.

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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.

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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.

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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.

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HONEST LOANS

Honest Loans is a loan referral service like many of the payday loans providers in our review. We like that their partners offer more cash than some lenders, and that they're upfront with the fact that interest rates may be high. However, there are many states that aren't served by Honest Loans, and we were unable to find any customer reviews - positive or negative - to get an idea of the quality of the service provided.

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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.

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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.

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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.

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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.

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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.

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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 $1,000, but they don't post fee information on their website.

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Payday Loans

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.

The advantages of payday loans are many. Often they don't require a credit check from the major three credit bureaus. The best payday loans offer amounts that can range from a few hundred dollars to $1,000. And you receive your loan very quickly; sometimes as soon as tomorrow.

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.
  • 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!



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 a faster response, 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.

 



Payday Loans In The News

Walmart Will Let Its 1.4 Million Workers Take Their Pay Before Payday

Walmart said the new initiative is intended to help workers avoid costly payday loans and other debt traps, and reduce the stress that comes with financial hardship. Workers who are less worried about cash issues "feel more confident and more settled at ...

Published:  Thu, 14 Dec 2017 08:58:00 GMT



Payday loans lenders have odds in their favor

In the midst of the holidays, sometimes you don't know how to pay for it all. Payday loans may seem like a good option, but these can be a risky idea. Finding a good lender, knowing the right questions to ask and knowing what to look out for can be ...

Published:  Wed, 13 Dec 2017 08:53:00 GMT



Walmart, criticized for low wages, will let workers take pay before payday

The goal is to help workers avoid costly payday loans and other debt traps. "We believe this is the right thing to do, and we are happy to champion it," Judith McKenna, Walmart's chief operating officer, said in an interview. But Walmart's new ...

Published:  Thu, 14 Dec 2017 03:30:00 GMT



One of every 6 Utah payday loan stores closed last year

One of every six Utah payday loan stores went out of business last year as more borrowers took advantage of new options created by the Legislature to escape debt from their ultra-high interest loans, a new state report shows. At the same time, payday ...

Published:  Tue, 12 Dec 2017 04:43:00 GMT



Fewer payday loan stores after lawmakers offer alternatives

SALT LAKE CITY - A new state report reveals that one out of every six payday loan stores closed last year after state lawmakers created more options to help people avoid high-interest loans. The Salt Lake Tribune reports that the report by the Utah ...

Published:  Mon, 11 Dec 2017 11:00:00 GMT



Liz Weston: Would a bank payday loan be any safer

A "safer" payday loan sounds like an oxymoron. Critics have branded these notoriously high-cost loans as debt traps that cause borrowers to go ever deeper in the hole. Thanks to a recent regulatory change, it now may be possible for banks to offer small ...

Published:  Sun, 10 Dec 2017 05:30:00 GMT



Bad loans lurk under "˜Christmas' wrap

Here's why it's best to avoid so-called Christmas loans. Christmas loans are often simply payday loans, which carry hefty fees that translate into triple-digit interest rates. A $1,000 payday loan, for example, might include a $100 fee, which works out ...

Published:  Wed, 13 Dec 2017 08:01:00 GMT



Mick Mulvaney's new role as consumer watchdog chief boosts outlook for payday lenders

In October, the Consumer Financial Protection Bureau unveiled a long-anticipated rule to clamp down on payday loans, which critics argue are used to prey on desperate borrowers and trap them in spirals of debt. But the industry has plenty of powerful ...

Published:  Sun, 10 Dec 2017 10:00:00 GMT



Can payday loans be made safer

A "safer" payday loan sounds like an oxymoron. Critics have branded these notoriously high-cost loans as debt traps that cause borrowers to go ever deeper in the hole. Thanks to a recent regulatory change, it now may be possible for banks to offer ...

Published:  Sat, 09 Dec 2017 19:05:00 GMT




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