Payday One

Pros

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Cons

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The Verdict

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Our review

PayDay One is well-known on the market of payday lending as it has been pretty long in the business. It started operating in 2002 and since then it has justly gained the reputation of a consumer-friendly lending company with the focus on the perfect service and competitive pricing. Payday One refers to Think Finance, Inc. being its subsidiary. The latter is represented by the offices in Texas, Nevada and Delaware.

It is possible to apply for a payday loan with PayDay One by means of the phone and online. All the PayDay One lenders have got a proper license and are authorized to operate legally in the state. Residents of 31 states can apply for the services of the company and they can benefit from competitive interest rates.

According to the state laws PayDay One offers loans only to those customers who are entitled to apply and only in those states where such practices are legal. The company has very simple requirements for their customers and they are basically a checking account and a valid e-mail. Further on some more information may be required but there is no faxing or credit checks involved. Until recently the company was named Payday OK and now it is PayDay One. For the period of the company's operation its interest rates have changed and increased and at the moment it is $22.50 for every $100 borrowed for a period of a fortnight. This is undoubtedly high but less than many other companies tend to charge. This makes the company pretty popular in comparison to many of its rivals.

Customers can rest assured that all the money transfers are safe and secure due to the SSL encryption. "Https" in the URL as well as the padlock in the right bottom of the screen are the indications to rely on and borrowers do not need to worry about their information sent through untrustworthy channels. Besides, the fact that PayDay One is registered with the Better Business Bureau and is McAfee and VeriSign secured makes it also reliable for customers.

PayDay One has got a simple and it is available any time 24/7. People with no access to Internet are able to apply by phone. The service is marked with instant approval and low denial rate. Customers are guaranteed to get cash on the next business day. There is no requirement for faxing any documents as the company offers faxless loans with fast approval. Without a credit history check the process gets quite simplified and this attracts a lot of customers.

Summary:

PayDay One company is one of the major ones on the market of payday lending and is more attractive to customers due to the reasonable interest rate pricing which is often quite lower than other companies offer. This is a service for a fast solution of an emergency financial problem.

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