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Trusted Payday vs Large Cash Loans

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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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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.

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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 Large Cash Loans.

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

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



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 07:42:00 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



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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