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Trusted Payday vs Cash Corner

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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 CORNER

Cash Corner provides customers quick and easy access to payday loans. Cash Corner is not a lender themselves, but serves as a liaison to match customers with the right lending company.

The application process is straightforward and easy to follow at Cash Corner. After answering a series of questions related to address, employment and contact details, the information is sent to their lenders and a decision is made within minutes. At that point, depending on the actual loan provider, the applicant will either be directed online to complete next steps or can anticipate a call from the respective company.

Most of the payday loan lenders within the network are willing to provide between $100 and $1,000, depending on the state in which you reside and your monthly income. The finance charges vary between lenders, but customers can anticipate somewhere between $12 and $30, every two weeks, for every $100 borrowed.

Most accepted customers make at least $750 per week, have both a valid work and home phone number, and at least 4 weeks of steady employment. Cash Corner themselves will not run a credit check on applicants, but they cannot confirm whether an actual lender will do so or not. They also can't confirm how soon a customer can anticipate payment. Most lenders will make a direct deposit after 1 full business day.

We liked that Cash Corner provides a network of lenders for those hard-to-approve applications, but we were less impressed with the wishy-washy expectations related to credit checks, payment turn around, and more. For those that are in a hurry for their cash, we recommend choosing a higher ranked payday loan company.

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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 Corner.

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

Proposition 111 in the 2018 Colorado election: What to know about limitations on payday loans

Currently, annual percentage rates (APRs) on payday loans in Colorado can be as high as 180 percent. That includes fees and interest, and rates generally rise throughout a loan's lifespan.

Published:  Sat, 20 Oct 2018 20:30:00 GMT



U.S. Bank unveils payday lending-type loans for cash-strapped consumers

Consumer advocates for years have decried payday loans as a costly way to borrow and one that keeps people trapped in a cycle of high-interest debt. The howls of protest could grow louder now than a m...

Published:  Thu, 27 Sep 2018 04:36:00 GMT



A major bank is offering payday-style loans. Will others follow suit

U.S. Bank says it will offer nearly instant small loans to its customers, becoming the first bank to provide such a product since federal regulators cleared the way earlier this year amid continuing c...

Published:  Tue, 11 Sep 2018 14:48:00 GMT



While Feds Loosen Payday Loan Regulations, Colorado Voters Could Clamp Down

For a summary of November's most important ballot measures, click here. As the federal government walks back historic regulations on payday lending, Colorado voters this fall will be asked to tighten ...

Published:  Thu, 30 Aug 2018 12:04:00 GMT



Payday loans are part of a deeper problem that investors must help fix

Robin Jarvis has received funding from ACCA to support the research on Payday Lending and Personal Debt problems in UK society. A another relevant publication authored by Robin Jarvis with Mick McAtee...

Published:  Tue, 18 Sep 2018 07:39:00 GMT



Rock Island wants to limit payday-loan businesses

ROCK ISLAND - City council members are considering a limit on the number of payday-loan businesses allowed in the city. Ald. Dylan Parker, 5th Ward, said the idea was discussed during a study session ...

Published:  Thu, 16 Aug 2018 18:25:00 GMT



9 Alternatives To Payday Loans

You have an important bill to pay and not enough money to pay for it. A payday loan might be the solution to your problem if you don't mind paying very high interest rates. It's not uncommon for payda...

Published:  Thu, 16 Aug 2018 01:20:00 GMT



Access Bank unveils PayDay Loan on USSD

Access Bank Plc has launched PayDay Loan to access loans for employees. PayDay Loan can be accessed on USSD code *901*11# and across over 2,000 Access Bank ATMs pan Nigeria. PayDay Loan requires no co...

Published:  Sun, 09 Sep 2018 16:01:00 GMT



New payday loan bill could save the industry. Or make it more profitable.

For critics of payday lenders, a bill in the Legislature that would result in bigger loans and higher fees is a gift to a predatory industry. At a glance, they might be right. Floridians, mostly in po...

Published:  Fri, 02 Feb 2018 03:12:00 GMT



Wonga's collapse and what it means for the people who rely on payday loans

Wonga, the poster-boy of the British payday lending industry, has gone into administration following an influx of customer compensation claims. Its demise is a result of government regulation to refor...

Published:  Fri, 31 Aug 2018 04:29:00 GMT




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