Secure Site:  

PayDay One appears to support safe transfers of personal information and they are SSL secured. However, since they work with a number of lenders, check for encryption indicators such as the “https” in the URL and the padlock in the right bottom of the screen. Additionally, do not send personal data like your social security number through an unsecured email account.

The PayDay One website is McAfee and VeriSign secured. furthermore,PayDay One is an accredited business by the Better Business Bureau.

Ease of Use:  

We found the application easy to fill in and submit and they rarely request additional information. You receive instant approval or denial and if approved, funds are deposited the next business day.

PayDay One also doesn't require you to fax them anything, and was the first lender to offer fax-free loans. Not having to locate, go to, and pay for a fax machine makes the loan process a whole lot easier.

The application online is quite simple, and can be filled out and submitted at any time. You can also apply for the loan over the phone (7am to 8pm M-F, 8-5 Saturday, Central Time). Loans made before 5 pm (CT) are credited the next business day. The whole process is straightforward and easy, and the user interface for applying and managing payments is simple.

Cost of Loan:  

Our previous review of PayDay One found that they offered the lowest rates among payday loan providers but that has changed as their prices have increased. Interest rates vary by state, but we found several as low as $22.50 for every $100 you borrow, which amounts to an APR (Annual Percentage Rate) of 586.61% based on a 14–day loan. While extremely high on an annual basis—it remains significantly less than the majority of services we reviewed. Also, they offer the Great Rate Guarantee stating that they'll match the rates of similarly licensed online lenders so you may be able to use that to your advantage.

We could not find any information on how much it costs to refinance or extend a loan, so be sure to check this information out before you agree to a loan or extend a due date.

Customer Service:  

Although not perfect in this area because live chat is not offered—PayDay One does offer several ways to contact them for further information including a FAQ page, email and a telephone number.

Keep in mind that a loan may be offered through a different source and you may be required to work with their customer service.

PayDay One  offers a great overal process and remains somewhat less expensive than most competiting services. If you are facing a potentially expensive financial predicament, and need quick relief, this service is worth investigating.

Please Note: We did not actually acquire a loan from any of the services we reviewed. We cannot make any statements about how a service operates once a loan is attained, we merely compared available information.