Since the turn of the century, National Payday has run a successful payday loan service that gets you the money you need fast. The company's approval ratings are high, and its site is secure. The first time you borrow money from National Payday, the application process is quite lengthy. The good side of this is that if you ever have to borrow again, all you need to do is hit the Borrow Again button. Most of your information from your previous transaction is kept on file. All you need to enter is your social security number and the password that you have previously created to apply for your next loan within minutes.

This site appears to offer encryption methods to secure your personal information. The site is monitored and tested by McAfee Secure. National Payday is proud of the fact that no faxes are required when you apply for the loan. This site is easy to use, but the loan application is the longest that we have seen and requires a little more time to fill out than other sites' forms.

At $25 per $100 borrowed, National Payday is among the most expensive services. Based on its fee, the APR is 651.79%. Generally, we found that the higher the fee, the easier it is to get a loan, based on the sales information presented on the site. We also do not like how difficult it is to view the fees required. Most of the other services provide their fees up front. This lender offers a good FAQ page as well as an online form where you can send inquiries. If you need instant help, a phone number is provided on the Contact Us tab on the website.

National Payday Summary:
7.5/10

National Payday charges a high interest rates for loans in an industry known for high interest rates. However, it approves a high percentage of applicants. Even if you have a low credit score, as long as you have a job and an active checking account, you will probably receive the loan you applied for either the same day that you applied for the very next day. Loan funding is fast because National Payday is the direct lender.

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National Payday

Pros
Reapplying for loans from National Payday can be done easily.

Cons
The company's fees are higher than some competitors.

The Verdict
: 7.5/10

If you have already applied for a loan through National Payday, it is quite easy to get another.