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Trusted Payday vs Cash Advance

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TRUSTED PAYDAY

Trusted Payday's website is easy to use and works with over 70 different lenders to assist you with your short-term borrowing needs. Through Trusted Payday, you can receive up to $1,000 and they don't require any faxing during the payday loan application process.

The payday loan application process is simple and quick. In less than 3 minutes you can answer questions such as your name, social security number, employer information, and pay cycle. Your payday loan application is usually approved within 30 minutes. Repayment terms are specific to the lender who approves you, but are typically between 14 and 31 days. Your payday loan can be deposited into your checking account within 24 hours, and sometimes even within one hour.

Trusted Payday accepts payday loan applications 24 hours a day, 7 days a week. This is very convenient for people who apply for a payday loan outside of normal business hours. Keep in mind that in order to provide instant approvals, Trusted Payday communicates with lenders in their network when you apply for your payday loan - and some of these lenders may only be open from 8am - 5pm. To maximize your chance for approval, we suggest that you apply during those hours. If you apply outside of these hours and for some reason your payday loan application is rejected, then just reapply again between 8am and 5pm, when more of their lenders are available. There's absolutely no cost to you in applying again.

Trusted Payday has a convenient How It Works section, which describes the process of obtaining and paying back your payday loan. They also provide a Frequently Asked Questions page with answers to over 20 questions regarding the payday loan process.

If you're in need of cash, Trusted Payday provides a no-hassle application process with flexibility on how fast you may require your loan. We liked their direct relationships with over 70 top-quality lenders, which gives you the benefit of getting a payday loan at rates that are favorable to you. Trusted Payday is a solid payday loan company and earns high marks in our review.

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CASH ADVANCE

Cash Advance has a very easy payday loan request process. You fill out the simple online form, and within seconds you can be approved and waiting for your cash to arrive. And with over 400 lenders in their payday loan network, many companies will review your information, meaning you have a greater chance of being approved than if you were to visit one lender directly.

The payday loan request process is both quick and entirely online. Cash Advance doesn't require you to fax or send any documentation in with your request form. All the information they need is what you provide on their website.

Cash Advance supports payday loans up to $1,000. Regardless of whether you've had recent problems meeting your bills, Cash Advance can still help you get the cash you need - no questions asked. This also eliminates any negative impact that can occur with checks of your credit history.

Once approved, your lender conveniently delivers your cash into your checking or savings account by direct deposit. This means that they will automatically send your money into your account, usually within one business day of your approval.

Another feature we really liked about Cash Advance is all the helpful financial information they provide on their website. Under the Your Finances section, you can find guides on a variety of money management, life planning, smart spending, and family finances. They also offer an account center for their customers, which gives you the ability to easily re-request a loan, check the status of an existing request, and more.

Cash Advance boasts an easy request process, with no faxing and no paperwork hassles. Electronic delivery of your money is usually within 1 business day and is not dependent on your credit history whatsoever. Plus, Cash Advance has been in business for over 15 years. If you need a payday loan fast with low fees and no stress, Cash Advance is an excellent choice.

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Payday Loans

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

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:

  • 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

Herring, other AGs criticize federal change on payday, car title loans

Could it be, just possibly be, that lobbying to protect high interest rate loans pays off That, in any event, is what Attorney General Mark Herring and 24 other top state law enforcement officers ...

Published:  Wed, 20 Mar 2019 07:52:00 GMT



Texas Federal Court Continues Stay of Trade Groups' Lawsuit Challenging CFPB Payday Loan Rule and Stay of Compliance Date

The Texas federal district court hearing the lawsuit filed by two trade groups challenging the CFPB's final payday/auto title/high-rate installment loan rule (Payday Rule) entered an order yesterday ...

Published:  Wed, 20 Mar 2019 12:34:00 GMT



Colorado AG urges Trump administration to act on payday loans

Colorado Attorney General Phil Weiser is among state prosecutors urging the Trump administrative to enact new protections for those who take out payday loans. He is is one of 25 attorneys general ...

Published:  Tue, 19 Mar 2019 14:47:00 GMT



I just wanted to know if Fund My Payday Loan is a Scam. Can I trust it I need your help!!

I just wanted to know if Fund My Payday Loan is a Scam. Can I trust it I need your help!! Answer : I recommend one to visit this site where one can get from different companies: http ...

Published:  Tue, 19 Mar 2019 23:01:00 GMT



California opposes efforts by Trump administration to delay protections from payday lenders

"The CFPB's proposed rule change would allow payday lenders to target and take advantage of our nation's most vulnerable borrowers rather than issue loans based on a person's ability to pay."

Published:  Wed, 20 Mar 2019 11:57:00 GMT



7 things to know now: Payday loans; UCLA shooting; black boxes; NBA championship

1. Payday loans: A new federal lending rule could mean that it will be more difficult to get a "payday" loan. The Consumer Federal Protection Bureau on Thursday will propose a new rule that requires ...

Published:  Mon, 18 Mar 2019 18:05:00 GMT



Ohio rejects payday loan petitions led by Springfield pastor

A petition seeking to put a state constitutional amendment on November's ballot to restrict payday lending in Ohio was rejected by the state. Carl Ruby, a Springfield pastor and activist, is leading ...

Published:  Mon, 18 Mar 2019 16:59:00 GMT



Readers react to payday loans

We got several replies to our question about whether payday loans should be federally regulated. This is from reader Stanley Hirtle: "It is useful to get an influx of cash for unexpected expenses to ...

Published:  Mon, 18 Mar 2019 17:30:00 GMT



How a payday-lending insider tilted academic research in the industry's favor

The average payday loan is about $350 and comes with an interest rate above 300%. Unable to pay off their loans, borrowers take out another loan and then another to keep up with the payments, consumer ...

Published:  Mon, 25 Feb 2019 15:14:00 GMT




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