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Payday Loan Today vs Cash Central
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.
Payday Loan Today strives to provide customers with the fastest online payday loan service on the web, turning around loan applications in 24 to 48 hours to get customers the cash they need as soon as possible. Their online application is a simple one page form with minimum input of information required for the customer. Once an applicant submits the online application, it is processed in real time and potentially pre-approved within minutes. If a payday loan request is submitted by 3pm Pacific / 6pm Eastern it will be processed the same day and, once approved, funds will post to the account the next business day.
Payday Loan Today focuses on loans of $500, which may be a deterrent for anyone seeking a more substantial payday loan. In order to qualify for a $500 loan a customer must have the following:
This is a more stringent qualification list than some of the other payday loan services we have reviewed. While this may be a discouraging to some people, it also indicates that Payday Loan Today has a responsible lending policy.
Something else we like about Payday Loan Today is that they are a direct lender, which means they do not write loans off to some other lender once approved. Customers deal with this company directly and can make use of their live customer service Monday through Thursday, 8:30am - 4pm Pacific Time (11:30am - 7pm Eastern Time), and Fridays 10am - 3:30pm Pacific Time (1pm - 3:30pm Eastern Time). The toll free number is clearly displayed on the main page of the Payday Loan Today website.
The online application itself seems a little clunky. There is a notice on the application saying that it does not support all mobile devices, and some of the text is awkwardly spaced. However it was simple enough to complete once getting past the odd appearance.
Overall Payday Loan Today is an average choice among the many payday loan providers in the market today.
Cash Central is an actual lender with a building and 400 plus employees, not just a brokering website. That may or may not be important in the end, but they do offer helpful customer service, and when you call you get to speak to a real person, who will happily give you the interest rates for your state. The downfall of Cash Central is that they are only set up to lend to residents in certain states, all in the western half of the US.
The information they request is pretty much the same as all the others; personal, employment and financial. After the loan has been approved, which takes just a few minutes, the customer's account usually funds the next business day. They provide live customer service 7 days a week if a borrower has questions.
Cash Central understands the importance of repeat business and fosters that customer relationship by being accessible via phone, email, and postage mail. This may not seem like a big deal, but most of these online businesses don't offer that level of service.
Their application process is simple, with no faxing and no paper hassles. As they say, they are "Easy, no driving, no bullet proof glass, no leaving the house".
Cash Central offers a good payday loan program with competitive rates. We just wish it had a higher limit and was offered in more states.
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
Hundreds of thousands of people who were mis-sold payday loans will receive a fraction of the compensation they are entitled to after a lender collapsed. WageDay Advance had given loans to about ...
Published: Tue, 02 Apr 2019 21:47:00 GMT
Elliott J. Clark, 65, of Kansas City, MO, spent five years caught in the debt trap of payday loan interest when his wife's broken ankle began his high-interest cycle trap. By Tim Muir, an Overland ...
Published: Thu, 28 Mar 2019 10:14:00 GMT
SPRINGFIELD, Mo. -According to a recent study, payday and car title loans can make you sick. Literally. Just ask Patricia Reynolds and Barbara Burgess. The two Springfield women say years of stress ...
Published: Mon, 25 Mar 2019 05:10:00 GMT
At the payday loan industry's height, they both lent money out indiscriminately and then applied the thumbscrews to people who couldn't afford to repay. In many cases, those people ended up paying off ...
Published: Wed, 03 Apr 2019 05:06:00 GMT
After several years of success in the payday loans market, Western Circle Limited has expanded to begin offering bigger and cheaper personal loans online. Western Circle Limited has made a name for ...
Published: Wed, 27 Mar 2019 22:23:00 GMT
If you are short on cash and need some money before your next paycheck, there is a quick fix for that, but you could end up paying a high price for it. There are nearly 1,300 McDonald's in California ...
Published: Wed, 27 Mar 2019 18:20:00 GMT
Georgia considers payday loans so hazardous to borrowers that they're banned within state lines. U.S. military officers testified before state lawmakers that the high interest, short-term paycheck ...
Published: Thu, 04 Apr 2019 12:30:00 GMT
Access Bank Ghana, one of Ghana's leading retail Banks, has unveiled instant access to loans for salaried workers through a special USSD code *901*11#. With the new "PayDay" Loan service, which is ...
Published: Mon, 01 Apr 2019 17:00:00 GMT
One of the Obama administration's signature consumer-protection actions was to write a long-awaited, badly needed set of rules for payday loans that the Consumer Financial Protection Bureau issued in ...
Published: Fri, 08 Feb 2019 03:31:00 GMT
After several years of success in the payday loans market, Western Circle Limited has expanded to begin offering bigger and cheaper personal loans online. LONDON--(BUSINESS WIRE)--Western Circle ...
Published: Tue, 26 Mar 2019 17:00:00 GMT
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