Payday Loans Review

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Direct payday lenders provide emergency short-term loans. If you don’t have a credit card to absorb an unexpected cost until your next payday and you've explored more economical options, one recourse is to take out a quick payday loan. For more information regarding their appropriate use, read our articles about fast loans. Our research as we compare payday loans leads us to conclude that the best payday loans are from 100DayLoans, NetLoanUSA and FaxFreeCash.

Payday Lenders: What to Look For

Sound financial planning should prevent the need for frequent use of payday loans. If you are considering a payday loan, we suggest that you pay attention to the following selection criteria:

Secure Site
Consider the underlying security technologies of the payday loan site as well as its policies concerning the sharing of your personal information. Check for the presence of an SSL certificate that indicates the use of Secure Sockets Layer encryption so that bad guys cannot sniff your bank account number as you communicate it to the lender.

Ease of Use
Observe how well the payday lenders organize their websites. Can you find the information you need without difficulty? What does it take to submit an application? How much personal information must you give out? We favor companies that are convenient and hassle-free, and that allow for various repayment options.

Cost of Loan
Instant payday loans are far more expensive than the interest rates you would pay if your debt were on a credit card. We attempted to find lenders whose interest rates and fees were the most reasonable.

Customer Service
While you compare payday loan lenders, search for any online complaints. Find out whether customer support is available on the days and at the times that might be best for you.

Payday loans are extreme remedies for those with no credit card, no savings and a reluctance to borrow from family and friends. The interest rates are extremely high because the lenders are keenly aware that applicants for payday loans are not likely to have excellent credit histories. Therefore, if you must resort to quick loans, understand the terms in detail. Paying back the loan as soon as your next paycheck arrives will keep you on financial track and keep interest rates from eating your money alive.

At TopTenREVIEWS We Do the Research So You Don’t Have To.™

 
 
Web Services » Business & Finance » Payday Loans Review
2014
BEST
Payday Loans Review
Product Comparisons
Ratings
Compare our ratings for Payday Loans Review

Overall Rating

Secure Site

Ease of Use

Cost of Loan

Customer Service

10.00
9.88
9.75
9.40
9.25
8.63
7.20
6.25
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
9.75
9.50
9.50
9.50
9.50
8.75
5.00
10.00
9.75
9.50
9.38
7.50
6.25
5.00
5.00
10.00
10.00
10.00
8.75
10.00
8.75
5.00
5.00
Compare Product Features
We do the research so you don't have to.
Features
Cash Advances
Overnight Deposit to your Account
Loan Repayment Due at Next Paydate
Direct Deposit - Checking Account
Repayment Method of Loan - Electronic Transfer
Privacy Policy & Site Encryption
Various Payment Options
Nationwide Service
43 States
31 States
Cost of Credit per $100 Borrowed*
$5-$25
$5-$25
$5-$25
$15-$30
$9.00 - $26.00
$25.00
$30.00
Depends on lender
APR (Annual Percentage Rate)*
651.79%
651.79%
651.79%
391%-782%
243.25% - 683.04%
651.79%
651.79%
Depends on lender
Maximum Loan Amount*
$1,000
$1,000
$1,500
$1,000
$1,500
$500
$600
$500
Loan Application Information
Pay Dates
Valid Checking Account
Social Security Number
Driver's License
Current Phone Number
Valid Email Address
18+ Years of Age
Currently Employed 90+ Days
Citizenship or Permanent Residency Required
Monthly Take Home Pay after Taxes
$1,000
$1,000
$1,000
$1,000
$750
$2,000
$1,000
$1,000
Headquarters
Arizona
Georgia
Georgia
Utah
Illinois
Idaho
Costa Rica
Delaware
Year Founded
2005
2005
2005
1997
2004
2002
1999
2003
Help & Support
Telephone
Email
Live Chat