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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.
While at first glance the website at My Payday Loan may not look as professional as some other payday loan lenders we've reviewed, the fact is that they offer a reliable payday loan application process and fast delivery of your approved funds - as long as you apply during their normal business hours.
It takes no time at all to complete the online payday loan application at My Payday Loan. If you complete the application within their business hours (9am - 6pm est M-F), you can be approved within minutes. However, if you complete your application outside of these hours, you may not hear back on your status until the following day.
If your payday loan application is approved by 5pm est, you will receive your funds electronically deposited into your checking account the following business day. Of course, this means that if you complete your loan application outside of their business hours, you may not receive your funds until 48 hours after you complete your application. This can result in a frustrating delay if you need access to your funds more quickly than that.
As part of the payday loan application process, My Payday Loan requests you to submit references and their phone numbers. They state that they verify all references before approving your loan, however they do not disclose the name of their company or the nature of your loan. It's important, though, to provide valid phone numbers with your references.
We wish My Payday Loan was more flexible in order to accommodate customers who apply for a payday loan outside of normal business hours. Their insistence on contacting references also may also give some people pause - however they do keep your personal information safe and confidential.
To help you find the Best Payday Loans, TopConsumerReviews.com provides you with an in-depth comparison of Payday Loan Today and My Payday Loan.
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 Consumer Financial Protection Bureau (CFPB) said earlier in the month that it will look to overhaul a number of payday loan regulations that were put in place in 2017 and were slated to go into ef...
Published: Mon, 18 Feb 2019 08:08:00 GMT
The practice is just as horrific as it suggests: "predatory lending." Payday lenders are designed to take advantage of those who can least afford to be casual with finances. Anyone with a job ...
Published: Mon, 18 Feb 2019 18:38:00 GMT
There's been a small reduction in the number of payday loan businesses in Hamilton. A report presented to the city's planning committee on Tuesday morning shows 28 outlets were licensed on Jan. 1, 201...
Published: Tue, 19 Feb 2019 09:30:00 GMT
Login to shop for Deals and books or to chat. A couple weeks ago, the administration of the 45th president announced it is reversing a regulation devised by the Obama administration on payday lenders ...
Published: Sun, 17 Feb 2019 05:50:00 GMT
Payday loans may sound like an easy fix but they could leave you swimming in debt. Here are some reasons why you need to be more careful than ever: The industry will now have less regulations, so ...
Published: Sun, 17 Feb 2019 17:11:00 GMT
Despite its name, "Consumer Financial Protection Bureau," this agency seems interested in protecting industry rather than fulfilling its mission. CFPB recently announced their proposal to gut ...
Published: Sun, 17 Feb 2019 07:45:00 GMT
While using payday loan services is not considered sustainable for the long run, they are a useful part of the financial system in place today. There are situations when asking a friend, family member ...
Published: Mon, 18 Feb 2019 14:07:00 GMT
COLORADO - Colorado's new payday loans law is now in effect. Voters overwhelmingly backed Proposition 111 during the election last November. The loan interest rate for borrowers is now capped at 36-pe...
Published: Fri, 01 Feb 2019 20:00:00 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
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