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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.
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.
To help you find the Best Payday Loans, TopConsumerReviews.com provides you with an in-depth comparison of Honest Loans and Large Cash 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:
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.
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
The CFPB's proposal to revise its final payday/auto title/high-rate installment loan rule to rescind the rule's ability-to-repay (ATR) provisions in their entirety and its proposal to delay the compli...
Published: Thu, 14 Feb 2019 06:46:00 GMT
The Trump administration is moving to roll back Obama-era restrictions on payday loans. The rule require lenders to check the borrower's ability to re-pay certain high interest loans that often due wi...
Published: Fri, 15 Feb 2019 10:26:00 GMT
We can all wish that money grew on trees or that it came down like rain, but in the real world, it's only sustained hard work that is going to produce the cash we need to make ends meet. In the UK, it ...
Published: Thu, 31 Jan 2019 11:26:00 GMT
With just a few days to go to pay for her final semester at Norfolk State, Nadeen Williamson decided she'd like to pay the whole bill off at once, rather than do another student loan. After Googling " ...
Published: Wed, 02 Jan 2019 10:03:00 GMT
For those of us who work a full-time job, payday often can't come soon enough. Sadly, what often comes too soon are the bills that have to be paid from our paychecks. When shopping for the holidays ge...
Published: Tue, 18 Dec 2018 09:20:00 GMT
MONTGOMERY, AL (WSFA) - Many people may be cash strapped after overdoing it for the holidays. The simple fact is some people can't qualify for a traditional loan because either they don't make enough, ...
Published: Tue, 15 Jan 2019 09:13:00 GMT
Payday loans are in the cross hairs on this year's ballot. Proposition 111 would limit interest rates to 36 percent on loans that are often advertised as quick-fixes or one-time deals for emergencies. ...
Published: Thu, 18 Oct 2018 16:35:00 GMT
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