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Payday One Payday One 100 Day Loans 100 Day Loans Cashnet USA Cashnet USA National Payday National Payday Advance America Advance America Check N' Go Check N' Go Check Into Cash Check Into Cash Speedy Cash Speedy Cash Ace Cash Express Ace Cash Express Cash Store Cash Store
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Overall Rating
Ease of UseThe evaluation of the service based on the criteria of ease and convenience.
Cost of LoanThe evaluation of the service based on the criteria of loan price and repayment terms.
Overall Customer RatingThe evaluation of customers based of their satisfaction with the service.
Direct LenderPayday lending services can be either direct lenders or (un)affiliated companies that match borrowers with the best suitable lenders in their disposal. No No Yes Yes Yes Yes Yes Yes Yes Yes
Online ApplicationMany services offer online application along with in-store and over the phone options. Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Nationwide ServiceThe services offered by the companies are not available nationwide as the laws differ from state to state and in a number of them payday lending is not allowed. 31 50 30 n/a 32 29 30 n/a 37 7
Cost of LoanThis is the cost of a $100 loan given for a period of 2 weeks. $22.50 $5-$25 $25 $25 $10-$30 App.$25 $300=$44.00 Depends on the state Depends on the state $20
APRAnnual Percentage Rate. The abbreviation standing for a loan fee calculated in 3-digit number percent range, or the annual equivalent of a rate of interest. In the majority of states it is regulated and restricted by state laws. 586.61% 651.79% 651.79% 651.79% Depends on the state 651.79% 382.38% Depends on the state Depends on the state Depends on the state
Minimum Loan AmountMinimal amount of cash given as a single one-time loan. With majority of services it amounts to $100 for a period of 2 weeks. $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Maximum Loan AmountMaximum amount of cash given as a single one-time loan. In the majority of companies first-time borrowers are not allowed to take maximum loan amount and are entitled only for smaller sums. After a borrower has created some sort of a good credit history with a service, he or she is able to borrow larger amounts. Depending on the service and the state the amount can be set or connected with the monthly income of a borrower. $1000 $1500 $1000 $1000 Depends on the state $1500 $1000 $1500 $1000 $2000
Loan Approval TimeThe period of time between the application submission and actual approval response; the majority of companies guarantee fast or instant approval but it can take up to 24 hours in some cases. Instant 90 sec. 1 hour instant Instant Instant Instant 1 hour 1 hour 1 hour
Overnight DepositThe majority of companies guarantee direct deposit into a borrower's checking account within 24 hours. Yes Yes Yes Yes No No No No No No
Faxless ProcessGenerally, faxing documents is not required with the majority of lenders; however, some services might ask a borrower to provide additional information. Yes Yes Yes Yes No Yes Yes Yes No No
No Credit CheckLoan approval is a part of a loan getting process. Although, lenders do not perform detailed credit history check, they review a person's information in order to estimate the risks. Yes Yes Yes Yes No Yes No No No No
Site EncryptionThe services have got their privacy policies with regards to the banking and personal information transfer. All the websites represented for the review use a SSL (Secure Socket Layer) protocol which guarantees that all the clients' information is kept safe and secure and not shared with any third parties. Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

Direct Payday Lenders Only

Payday loans online have become very popular over time and one of the most used services on the lending market recently. This is nowadays the most convenient way to solve one's urgent financial problems fast and without much hassle. Payday loans feature instant approval and overnight deposit and they are beneficial for customers with bad credit.

Direct payday `lenders do no credit check and with a low cost of the loan there is hardly any service that can be compared in terms of speed and convenience. Other benefits are the ease of application and no fax required. There is a great number of online lenders offering their services over the country so that every customer can find the offer best suitable for them.

It should be taken into consideration that payday lending is not allowed in every state. No third party lenders operating in the sphere have to abide by state and federal laws and, taking into consideration the amount of companies appearing on the market, it makes sense to check their legal status. Detailed information about payday loan laws and acts can be found on the website of the Consumer Federation of America as well as on the website of NSCL (National Conference of State Legislatures).

Payday loans are considered expensive when it comes to interest and fees and this is true. Small regular bank loans are cheaper and they are easier to repay. However, they are also harder to be approved for and longer to obtain. Thus, the price of the interest is the price for the speed and convenience and for many customers this is a brilliant solution to their urgent financial complication.