Why Use an Online Payday Loan Service?

It is easy to find yourself in a cash dilemma, maybe you made a critical math mistake while balancing your checking account or your big commission check has been unexpectedly delayed a week. There are many ways you can get yourself into a temporarily short-on-funds situation. Luckily, there are ways to make it through until your next payday.

Payday loan services offer short–term loans to get people through to their next paycheck if they have found themselves in a critical predicament.

Here are a few other reasons people apply for payday loans online:

  • Save Time – Instead of searching the yellow pages or driving around town, spend less than 10 minutes online to find a lender. Some services even work with many providers and can refer you to one licensed to operate in your state.
  • Save Money – Sometimes bank charges, over–the–limit fees or late fees can add up to more than it would cost you to take out a payday loan to pay your bills on time. Additionally, reactivation charges can be costly if your cell phone, utilities or other service are turned off.
  • Save Your Credit – If you are trying to buy a house or fix your credit problems, you may not want to add new bad marks to your credit record by not paying a bill or paying it late.
  • Save Face – Nobody likes to ask friends, family or an employer for a loan. Nor do you want to ruin a business relationship with a bounced check. Through a payday service, you can pay your bills without adding pressure to your personal relationships.

In this site, you’ll find articles related to payday loans and saving money tips, as well as comprehensive reviews and a side–by–side comparison to help you make an informed decision on which service is right for your short–term loan needs. At TopTenREVIEWS – We do the research so you don’t have to.™

 

What to Look for in a Payday Loan Service?

Online payday loan services should host a secure site that can safely transfer your personal information. They should also post their disclosures, interest rates and fee information before you submit your application so you can make an informed choice about which service suits your needs the best.

Since we only reviewed and compared available information regarding these services, you should carefully evaluate any terms and conditions before you accept funds from a service. It is also a good idea to contact customer service with any questions you have before hand.

Below are the criteria TopTenREVIEWS used to evaluate payday loan services:

  • Secure Site – This criterion evaluates whether the service offers protection during transfers of personal information by using Secure Socket Layer (SSL) protocol to encrypt transferred data.
  • Ease of Use (Loan Application & Website Navigation) – This ranking assesses not only how easy it is to submit an application, but also how well the site is organized and how quick you can find desired information.
  • Cost of Loan (APR - Interest, Fees) – This is the costs associated with the loan, including fees and interest equated in an Annual Percentage Rate (APR).
  • Customer Service – This refers to the assortment of contact options or ways that a consumer can get help or support from the provider. A good service offers a variety of options including, email or phone support, FAQ pages or live chat.

Once you have weighed your options and are ready to explore alternatives, please read our review of PayDay One, which is the most reasonably priced payday loan service we could find.

 

 
TopTenREVIEWS
Become A Reviewer
Payday Loan Services Main Image
 

Payday Loan Services Review 

Make Your Next Payday TODAY!

One minor money emergency can quickly snowball into a financial nightmare. If your resources are limited by a temporary cash crunch, get swift help with a payday loan service.

Rank #1#2#3#4#5#6#7#8#9
Excellent score   Excellent
Very good score   Very Good
Good score   Good
Fair score   Fair
Poor score   Poor
PayDay One Sonic Cash Cash Net USA National Payday My Payday loan Cash Advance Expert Personal Cash Advance We Give Cash The Fast Cash Wizard
PayDay One Sonic Cash Cash Net USA National Payday My Payday loan Cash Advance Expert Personal Cash Advance We Give Cash The Fast Cash Wizard
Reviewer Comments Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Cost of Credit per $100.00 Borrowed Buy PayDay One
$15.00
Buy Sonic Cash
$20.00
Buy Cash Net USA
$25.00
Buy National Payday
$25.00
Buy My Payday loan
$25.00
Buy Cash Advance Expert
$25.00
Buy Personal Cash Advance
Varies
Buy We Give Cash
$10.00
Buy The Fast Cash Wizard
$25.00
 
Overall Rating Excellent Excellent Very Good Good Good Good Good Fair Fair
Ratings
Secure Site Excellent Excellent Excellent Excellent Excellent Fair Good Poor Poor
Ease of Use Excellent Excellent Excellent Excellent Excellent Excellent Excellent Very Good Very Good
Cost of Loan Excellent Very Good Good Good Good Fair Poor Fair Fair
Customer Service Excellent Excellent Excellent Very Good Fair Fair Very Good Poor Fair
View Specifications Go! Go! Go! Go! Go! Go! Go! Go! Go!
View Screenshots View PayDay One screenshots View Sonic Cash screenshots View Cash Net USA screenshots            
Features
Cash Advances Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Nation Wide Service 31 States   23 States       Check Mark    
Cost of Credit per $100 Borrowed $15.00 $20.00 $25.00 $25.00 $25.00 $25.00+ NA $10.00+ $25-$30
APR (Annual Percentage Rate) 391.07% 521.43% 651.79% 651.79% 651.79% 651.79% NA NA  
Number of Days Loan & Interest is Based On 14 14 14 14 14 14 14 14 14
Maximum Loan Amount $1,000 $500 $1,000 $300+ $1,000 $500 $500 $1,500  
Loan Approval Time Frame Instant 1 Hour 1 Hour- Instant Instant NA 1 Hour+ Instant  
Overnight Deposit to your Account Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
Loan Repayment Due Date Next Paydate Next Paydate Next Paydate Next Paydate Next Paydate Next Paydate Next Paydate Next Paydate  
Direct Deposit - Checking Account Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Repayment Method of Loan - Electronic Transfer Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Loan Extension or Renewals Check Mark Check Mark Check Mark   Check Mark       Check Mark
Maximum # of Loan Extension or Renewals NA 3 4 NA Unlimited NA NA    
Cancellation of Loan Option Check Mark Check Mark Check Mark Check Mark Check Mark       Check Mark
Various Payment Options Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark    
Faxed Documents Required           Check Mark     Check Mark
Credit Approval Required Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark  
Apply by Phone                  
Time Period before Applying for Another Payday Loan 2 Banking Days 3-5 Banking Days NA NA 5-6 Banking Days NA NA NA  
Loan Qualification with Outstanding Payday Loans     Check Mark            
Privacy Policy & Site Encryption Check Mark Check Mark Check Mark Check Mark   Check Mark Check Mark   Check Mark
Loan Application Information
Monthly Take Home Pay after Taxes NA $1,200 $1,000 $1,000 $1,000 NA $1,000 1,000 $1,500
Pay Dates Check Mark Check Mark Check Mark Check Mark   Check Mark Check Mark   Check Mark
Valid Checking Account Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark Check Mark
18+ Years of Age Check Mark Check Mark Check Mark     Check Mark Check Mark   Check Mark
Currently Employed 90+ Days   Check Mark Check Mark   Check Mark       Check Mark
Full-time Employment - Not a Temp Service Check Mark     Check Mark   Check Mark Check Mark Check Mark  
Social Security Number Check Mark Check Mark   Check Mark   Check Mark Check Mark Check Mark Check Mark
Driver's License Check Mark Check Mark   Check Mark   Check Mark Check Mark Check Mark  
Citizen or Permanent Resident of the US     Check Mark            
Current Home & Work Phone Number Check Mark Check Mark   Check Mark   Check Mark Check Mark    
Valid email Address Check Mark Check Mark   Check Mark   Check Mark Check Mark Check Mark Check Mark
Loan Disqualification due to Bankruptcy   Check Mark Check Mark Check Mark Check Mark        
Loan Service's Home Delaware Idaho Illinois Costa Rica Costa Rica NA NA Nevada  
Loan Service - Online Since Oct 2002 Jan 2002 Jan 2004 Jun 2000 Oct 1999 Aug 2001 Mar 2003 May 2003 May 12, 2006
Help/Support
Live Help     Check Mark            
Phone Support Check Mark Check Mark Check Mark            
FAQ Check Mark Check Mark Check Mark Check Mark Check Mark   Check Mark   Check Mark
Email Address Check Mark   Check Mark Check Mark   Check Mark Check Mark   Check Mark
Fax Support Check Mark               Check Mark
 
Reviewer Comments Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Read Review
Cost of Credit per $100.00 Borrowed Buy PayDay One
$15.00
Buy Sonic Cash
$20.00
Buy Cash Net USA
$25.00
Buy National Payday
$25.00
Buy My Payday loan
$25.00
Buy Cash Advance Expert
$25.00
Buy Personal Cash Advance
Varies
Buy We Give Cash
$10.00
Buy The Fast Cash Wizard
$25.00

Ask & Answer

Type your question below and put your question in front of our entire community of users and experts.

Think You're a Guru?

Answer Questions
Visit our Ask & Answer Center to answer Questions.
Ads by Google
Sponsored Ad: