Reviews of lenders that offer online payday loans

 Compare the cash advance financing rates

Payday loans are a type of cash advance on your future paycheck. Typically, even people with poor credit can qualify if they’ve been employed for at least several months and earn a certain amount. Essentially, these companies will direct deposit money into your account, and then directly deduct your account on when you are paid from your job. I was surprised to find there is virtually no information about the quality of these companies. I found NONE. If you can find any, let me know. So far, even after many years of running this site, I have gotten feedback on only a few of these companies. It looks like they really have bad terms, far worse than the finance rates on credit cards, but they clearly are popular for some people as there are plenty of places on the web promoting them. Applying online appears to be a fast, easy, confidential way of getting money in a crunch (but you pay for that luxury).

Need help with urgent bills? Go with the Money Pros! Apply NowCheck into Cash – Updated November 1, 2017 – Check into Cash offers both online and in store options for getting money fast, with more than 1000 stores nationally at this time. They have been around more than 20 years making them one of the most established and respected companies offering online options. People visiting this site seem to have good success getting approved relative to some of the other options listed. They currently offer solutions in the following states: AL, AK, CA, HI, ID, IN, KS, LA, MO, MS, NV, OH, OK, TN, TX, UT, WA, WI, & WY. Rates vary based on the state, but they are very competitive. Online most terms are 14 days or less, but it appears in some states they offer longer term options but this varies by state. The website is very easy to navigate and find the necessary information for your state, and even find a local store. They even have an A+ rating with the Better Business Bureau.

Blue Trust Loans – Updated November 1, 2017 – Blue Trust offers short term installment loans from $200 to $1,250. They operate in the following 39 states, including Washington DC – AK, AL, AZ, CA, CO, DC, DE, FL, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, RI, SC, SD, TN, TX, UT, VA, WY. The domain was registered in January 2013, so it has been around a few years, but not one of the longest established websites. Offering installment loans typically with a 6 month repayment period, they consider themselves to be a good alternative to payday loans; however, to me it looks like their rates are comparable to most other high rate, short term loans, and therefore is something you should avoid if at all possible. The rates appear to be 30% over a 2 week period (you repay $130 for $100 borrowed, if you repay in 2 weeks). The rate is slightly lower for return customers at 25% over a 2 week period. They say that first time borrowers can qualify for up to $1000 and returning customers can qualify for up to $1250. They say the money can be in your account as early as the next business day. Like many of the other short term, high interest lenders I’ve found online, they are operated by a Native American Tribe. In this case, it is the Lac Courte Oreilles Band of Lake Superior Chippewa Indians. There have been some articles about how lenders will use a Native American Tribe which is exempt from state laws that otherwise limit this type of high interest borrowing. Unlike most of the other websites I’ve seen in this category, Blue Trust claims that they are the actual lender, not a company that will match you with a lender. Given the high interest rates, though, borrower beware.

CashNetUSA – Highly Recommended Company – Low Rates compared to others – Longer repayment terms available in some states
Updated November 1, 2017

They have a special promotion to save 25% off of your loan fees for your first time using CashNetUSA. Use a link from this site like this one and use coupon code NEWCASH25 for some of the lowest rates I could find for short term borrowing.

The application takes only 5 minute to complete.

Most applications require no faxing and no extra paperwork.

For most people, they can transfer you money the next business day.

They offer different products depending on where you live, with rates varying based on your state. For example, in Wyoming, they offer loans up to $1500 and they charge $9.03 per $100 borrowed. Other states may have different rates. For some states, they offer “installment loans” which can have higher amounts and longer repayment terms up to several months. In states where they are not licensed, they will try to match you up with a company that does provide services in your state. They offer extensions in many states.

What I could find out about CashNetUSA :

CashNetUSA appears to be the most legitimate of any of the companies I’ve reviewed. Many of the companies listed here are located outside of the United States. A few are located on Indian Reservations. CashNetUSA is actually a subsidiary of a publicly traded company – Cash America International, Inc (NYSE: CSH). They have one of the clearest websites of any I’ve reviewed here. It is very easy to find what their terms and conditions are, unlike many other lender websites. They claim to have funded over 4 million loans in over 31 states. They offer various services depending on your state of residence, but all options have lower rates than most, and the lowest rates when you factor in the 50% savings offered until the end of 2012.

The domain name was first registered in January of 2004, making it a well established company.

—————————— – Updated November 1, 2017. This is a newer company offering an alternative with lower interest rates and higher amounts available.  They claim to offer installment loans without a credit check.  They say they offer same day approvals and money transferred to you as soon as the next next.  They claim to have interest rates up to 125% lower than other lenders, but I don’t see how that is really possible as 100% lower would be zero.  They currently offer services in the following states: Alabama, California, Delaware, Georgia, Idaho, Illinois, Kansas, Maryland, Mississipipi, Missouri, New Mexico, Ohio, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin. The amounts offered seem to range between $500 and $10,000 depending on the state.  Rates also vary but seem to be between 99% APR and 200% APR with many states being 160%.  While that seems like a high number, considering the loans are often six months to one year, the rates are FAR lower than what you get with many of the other lenders who only offer 1-2 week loans.  Either way, these should all be considered only as an absolute last resort.  Even credit cards offer far lower rates. The site is easy to navigate and provides a lot of information, better than most others as far as details you can find on the site.  The domain name was registered January 2010. They do have an A+ BBB rating.


—————————— – Updated November 1, 2017 – One of the longest running websites, being registered in 1997, that offers short term (but high interest) loans. They operate in most states (but not all). Like many of the other websites, you submit your information online and they share your information with various lenders to try to find the best fit for you. On the Frequent Questions page, they say they don’t provide rates and terms, that the lender you get matched with will provide those terms, but they do have a rates and terms page with suggested terms that come to be about 15-30% of the amount borrowed. With very short terms, this leads to incredibly high APR of up to 1500%. If the repayment is over a year, then the rates are a more reasonable 15-30%, which is still very high, but in the range of high credit card rates. It isn’t clear to me if any of the lenders offer that long of a repayment term, though. Borrowing amounts appear to be in the range of $100-999. They also appear to be affiliated with a Native American Tribe. If you try them, please share your experience with me through the “Contact Us” form, so I can share the information here.

——————————————— (Update November 1, 2017)
This company offers a short application and then they will match you with a lender based on your employment, loan history, and credit score.  They will do their best to match any applicant with an appropriate lender.  Unlike many of the other companies listed here, they will be able to offer larger amounts and longer repayment terms.  They typically can offer between $500 and $10,000 with repayment terms of between 2 months and 60 months.  Typical interest rates will range from 25 to 450 percent.  Money can be available the following business day once approved.


Updated November 1, 2017 –

They claim to offer loans from $1000 up to $35,000 by matching applicants with their network of lenders. I have never understood why companies that do this always clearly state that they are not a broker, but that is what it sounds like to me. Rates and repayment terms vary based on a variety of factors, from location, credit score, and available lenders. Like with most other lenders on this page, expect rates to be high – probably at least 25% and maybe as high as 150%.

From their Terms of Service page, the parent company appears to be Arrow Eagle, LLC. I couldn’t find too much information about this company, but it appears to be located in a Native American tribe in Utah. Just be aware that they are probably not under the jurisdiction of federal US law.

There are reviews posted on a few different sites and they are very mixed. They link themselves to eKomi where they have mostly positive reviews. However, other review sites are far less complimentary. Specific criticism appears to be getting told you are approved but then not having any further contact from the company. Other criticisms include claims that they will turn over your information to credit repair companies that will then attempt to contact you. If you have used this company, please provide me with feedback that I can add it to the site.

Updated November 1, 2017 – If you can qualify (it would definitely be worth it to try), an option like Avant Credit will be much better than the other options listed here as the interest they charge is far less, and you have a much longer term for repayment.  Additionally, if you are responsible in your payments, your credit score can be helped as they report your payments to credit agencies. If you do not qualify with them, the other options may be more likely to meet your needs.

———————————– (As of December 2014 it appears the company is undergoing some changes, so I’m not sure what their currrent offers are.  The below is what they were offering prior to 12/2014)
First Loan Free Up to $300

How much does a loan cost me?
The fee for advancing a check is 30% of the amount borrowed, so for $100.00 the fee is $30.00 or $130.00 total. [FIRST LOAN FREE!]

What is the period of time the loan is designed for?
Payday loans are meant for emergency situations. The loan period will typically be for 14 days, but can be shorter at times.

How many times am I allowed to extend this loan?
You can extend as much as necessary, however, these are meant to be short term and should be repaid quickly.

What amount will be deducted from my checking account on my due date?
You must submit a payment request and then the amount you have chose to pay gets deducted on your due date.

Information I could find on Mypaydayloan
$30 for every $100 borrowed (Now offering first loan free). No fax option available! Qualifying terms are now very clear on the website. You must have a checking account that is at least 3 months old, you must have a job, and you must have email and internet access. On your first loan you can take out from $200 to $600, but on the second you can take out $700, third is up to $800, fourth is up to $900 and after that, you can take out up to $1000. You can extend the loans. Site was first registered Oct 18, 1999 so they have been around longer than the almost all other sites I found.