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Cash Net USA vs My Payday Loan

Monday, June 21st

2021 Payday Loan Provider Reviews

Cash Net USA Review 2 Star Rating

Cash Net USA

2 Star Rating
  • Loan: From $100 to $1,000
  • Cost: APR of 299%

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.

My Payday Loan Review 2 Star Rating

My Payday Loan

2 Star Rating
  • Loan: $200 - $600 for first time customers
  • Up to $1,000 for returning customers
  • Cost: Varies based on your state and the length of the 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.

Who Provides the Best 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.

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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!

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