Best Reviews TopConsumerReviews.com Best Payday Loans Best Reviews
Best Reviews
      August 13, 2020

Home  >  Payday Loans  >  Honest Loans vs Large Cash Loans

Best

Payday Loans

  1. Cash Advance
  2. Ace Cash Express
  3. Cash Corner
  4. Honest Loans
  5. Payday Loan Today
  6. Helping Hand Adv
  7. Cash Central
  8. Cash Net USA
  9. My Payday Loan
  10. Securaloan
  11. Large Cash Loans

Your Information Is Secure
Personal Loan Tips Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!

Latest Reviews

Auto Loans

Babysitters

Christmas Cards

Credit Counseling

DUI Lawyers

Fruit Clubs

Home Brew Beer Supplies

Homeschool Supplies

Music Publishing

Senior Care

 

Individual Reviews

Trusted Payday

Cash Advance

ACE Cash Express

Cash Corner

Honest Loans

Payday Loan Today

Helping Hand Advances

Cash Central

Cash Net USA

My Payday Loan

Securaloan

Large Cash Loans

 

Related Articles

Payday Loans Offer Fast Cash When You Need It

Fast Cash Payday Loans vs Traditional Loans

Payday Loans FAQ

The Benefits of Payday Loans

Applying for Payday Loans Online

How to Find Lenders Specializing in Payday Loans

Reasons Why You May Need a Payday Loan

Payday Loans and Your Credit

Tips for Getting and Repaying a Payday Loan

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Honest Loans vs Large Cash Loans

Best Payday Loan Companies

To help you find the Best Payday Loans, TopConsumerReviews.com provides you with an in-depth comparison of Honest Loans and Large Cash Loans.

To see ALL of our reviews for the Best Payday Loans, please Click Here

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.

Continue reading below reviews

Best Reviews

2020

Payday Loan Reviews

3.5 stars
Honest Loans

HONEST LOANS

Visit Site

Loan:

Up to $2,500

Cost:

APR ranging from 200% to 2,290%

Honest Loans provides connections between prospective borrowers and a network of partner lenders. Their application process only has two steps, but you'll be required to enter detailed personal information, including your bank routing number and account number.

We were glad to see that Honest Loans is very, well, honest when it comes to disclosing interest rates: their partners are likely to charge anywhere from 200% to 2,290% (yes, that is two thousand two hundred and ninety percent) APR. Full terms and fees are only available once you are matched with a prospective lender.

Honest Loans also has a higher lending amount, up to $2,500, than many of the services we reviewed. Of course, this depends on your personal situation, including your credit history, employment status, and so on.

Unfortunately, we were not able to find further information as to Honest Loan's history or track record with respect to customer satisfaction. We would definitely like to see customer testimonials, reviews on independent websites, or a rating with the Better Business Bureau, in order to know if they are successful with connecting borrowers with reputable sources of payday loans.

You should also know that you are not eligible for a payday loan from Honest Loans if you are a resident of one of the following states: Arkansas, Arizona, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Vermont, Virginia, Washington D.C., and West Virginia.

We give Honest Loans good marks, which would easily improve with a more established reputation for good customer service.

Visit Site
1.5 stars
Large Cash Loans

LARGE CASH LOANS

Visit Site

Loan:

$300 - $1,000 for first time customers

Cost:

Vague. they only state that they are in compliance with state and federal laws.

Large Cash Loans, like most of it's competition, touts an easy approval process with no application fees. In most cases the money can be deposited directly into the customer's account within 24 hours. However, they do not advertise "nothing to fax" like many other payday sites, and you may need to fax documentation. Their other pre-qualifications are pretty standard; must be a US citizen at least 18 years old, have an income of at least $1,000 per month, and have an active checking/savings account. As long as these criteria are met, and the loan application is complete, you should be able to get a payday loan/cash advance for up to $1,000.

Large Cash Loans provides a very comprehensive and informative site. For example, there is an entire section entitled "Resources". This section includes information on credit services, credit repair, debt consolidation, bankruptcy, credit cards, mortgages and insurance. Phone numbers and websites are provided for most of these services. Large Cash Loans seems to target a more international market, with references to services in the US, Canada and the UK.

Large Cash Loans also holds security in high regard. They explain at length the security and privacy measures they have taken to keep their customer's information confidential. In today's world of identify theft, this is reassuring to know. Customer Service is available through either a toll-free 1-800 number or by email.

The information provided on their website is helpful and they offer a high limit on loan amounts. We wish they posted their service fees online in a more accessible manner.

Visit Site

Continued from above

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!

Need Cash Fast? Payday Loans Offer a Solution but Should Be Your Last Resort

The idea of accessing your paycheck before it actually hits your bank account is an appealing one, especially in this economy. Unfortunately, there may be a catch. Payday loans - which are small, ...

Published:  Mon, 10 Aug 2020 07:49:04 GMT



Choose payday loan lender wisely

While some consumer advocates say a rate cap is a necessary consumer protection, researchers say banks can check a borrower's credit and offer affordable loans - something payday lenders whose APRs ...

Published:  Fri, 31 Jul 2020 13:17:00 GMT



The greatest unsecured loans for Bad Credit in 2020

The greatest unsecured loans for Bad Credit in 2020 Having bad credit could be stressful, specially when unforeseen costs show up and also you have to take down a brand new loan. Numerous conventional ...

Published:  Tue, 11 Aug 2020 10:17:00 GMT



How to Take a High-Interest Loan and Skip the Debt Cycle

For the millions of Americans who struggle to afford an unexpected expense, high-interest payday and online loans may seem like acceptable options despite the inherent risk. But guidance issued by ...

Published:  Mon, 10 Aug 2020 10:45:00 GMT



Payday loan interest cap headed for Nebraska's Nov. 3 ballot

The ballot initiative would cap payday loans at an annual interest rate of 36%, the same limit enacted in 16 states plus the District of Columbia.

Published:  Wed, 05 Aug 2020 12:48:00 GMT



Payday loans explained | Raleigh News & Observer

Payday loan is usually a short-term, high cost loan to help people when cash is tight. Here's a look at how it works.

Published:  Thu, 06 Aug 2020 10:22:00 GMT



Payday loan firms lure borrowers into debt with pictures of exotic holidays, City watchdog warns

The high-cost credit industry was accused of 'normalising' the use of loans that charge interest rates of more than 1,000 per cent - compared with a typical credit card rate of 20 per cent.

Published:  Thu, 06 Aug 2020 18:55:00 GMT



Why a payday loan could cost you, get you trapped for life

Though payday loans are considered a quick option for people who need cash fast, financial experts said the option comes with consequences. "You got to watch out, these loans that are easy to get may ...

Published:  Fri, 07 Aug 2020 00:36:00 GMT



After a 15-year ban, could payday lending return to North Carolina?

In 2017, Melody Garrett was in a bind. She'd been laid off from her job at a garbage disposal company, and her new part-time job at CVS didn't pay enough for her to make the $1,400 rent on her Mount ...

Published:  Thu, 06 Aug 2020 09:07:25 GMT



Ballot initiative to cap payday loan interest rates gathers needed signatures

The petition drive seeks to change state law, which allows payday lending companies to offer small loans to borrowers who may not be able to borrow elsewhere, charging up to ...

Published:  Wed, 05 Aug 2020 13:00:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure