Rankings ⇾

Best Payday Loans

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

Click on any of these items to see their review

Best Payday Loans for May 2019

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.


Honest Loans vs Large Cash Loans

See ALL of our Payday Loan Reviews

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.

HONEST LOANS

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 >

LARGE CASH LOANS

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 >


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

Western Circle Ltd, a Leading Payday Loan Company in the UK, Introduces New App to Tackle Payday Loan Dependency

LONDON--(BUSINESS WIRE)--May 9, 2019--Western Circle Limited, the company behind popular UK lending websites Cashfloat.co.uk and PersonalLoansNow.co.uk, has released a new app called "Credit on Demand ...

Published:  Wed, 08 May 2019 22:44:00 GMT



Bernie Sanders: "Exploitative' payday loans in Wisconsin average 574% annual rate

Ramping up his latest push for the White House, Bernie Sanders is taking aim at high interest rates on credit cards and payday loans. The Vermont senator introduced legislation in May 2019 - along ...

Published:  Thu, 09 May 2019 17:00:00 GMT



Ohio payday loan outfits dropping to 200 as new law takes effect Saturday

Payday lending as Ohio has known it is over - but short-term lending is not going away. A new law takes effect Saturday with stricter limits on interest and fees, plus installment payment requirements ...

Published:  Fri, 26 Apr 2019 13:59:00 GMT



Ohio payday loan law: What changes and what it means for you

One in 10 Ohioans has taken out a so-called "payday loan," traditionally where money is borrowed against a post-dated check. Load Error But starting Saturday, the traditional payday loan will ...

Published:  Fri, 26 Apr 2019 19:43:00 GMT



New Payday Loan Law goes into effect, what you need to know

COLUMBUS (WCMH) -- Here in Ohio, April 27 will be a momentous day for supporters of last year's effort to reform the payday lending industry. It will be nearly 270 days since HB123 was passed and ...

Published:  Fri, 26 Apr 2019 17:43:00 GMT



Non-profit agency offers alternative to payday loans, businesses can offer fixed-rate-loan program to employees

The Community Action Agency of St. Louis County's (CAASTLC) Community Loan Center is offering a small loan option for working people in St. Louis County and city with unexpected expenses and limited ...

Published:  Mon, 06 May 2019 07:55:00 GMT



Payday Loans: What You Need To Know

Payday loans can be an incredibly useful resource in many situations. If you have a medical emergency, need a sudden repair on your home, or are confronted by an unexpected bill, a pay day loan can ...

Published:  Thu, 25 Apr 2019 21:22:00 GMT




- View Desktop Site -