Best Online Payday Loans Providers
Reviewed by LoanWinners Experts
- David Vusi
- January 18, 2023
- 5:05 am
What Is a Payday Loan?
When you need cash to deal with some emergency, you’re typically more concerned about how quickly you can get a lender to deposit money into your bank account than what rates they charge. This is exactly when you need a payday loan: a sum of (usually) a few hundred dollars that’s available immediately even without a rigid credit check.
Funds may be available within 48 hours or, sometimes, on the same day. The idea is that you pay back the money you borrow with your next paycheck. You should be aware that, expressed as interest rates, this kind of loan comes with very high fees attached. Still, when you’re in a crunch, it’s comforting to know that you have access to a quick short-term loan even if you don’t have credit cards to fall back on.
Payday Loans and Debt Traps
Before you continue reading, we have to warn you that payday loans come with some important risks attached. Just like with credit cards, borrowing more than you can afford to repay leads to interest being charged, often at rates that may cause the sum of money you initially borrowed to swell to unmanageable proportions. Legitimate payday loan companies do their best to check that you can afford the loan you apply for, but at the end of the day, this is still in your hands.
Just remember that with these kinds of loans, payday should be your deadline for repaying the loan money as well as the interest. If you won’t be able to do so, the terms of your contract will usually specify that you become liable for additional fees. Should you need to borrow money for longer than a month, installment loans are a much better option – many of the lenders you’ll find below offer these too, often at competitive rates.
The Best Payday Loans Providers
Below, you’ll find our selection of the most trusted companies that offer payday loans. There are many others, but this is one instance in which you want to be careful who you deal with. It’s not uncommon to find a lender who’s eager to take advantage of people by offering them a payday loan they can’t pay back, then milk them dry by extending the loan numerous times and tacking on additional fees every time they do so.
The lenders below, by contrast, don’t try to engage in predatory lending. Some of them have been in business for decades; others are relatively new to the payday loans scene but offer a special service that makes them worth considering.
And for those thinking a payday loan may provide a solution to their debt problems, the only thing that can be said is that it won’t. Anyone being dragged down by the weight of their debt should speak to a credit counselor or approach the best debt settlement companies to see how they can help, rather than borrowing more in the form of a payday loan.
1. DirectLoanTransfer: Best for Small, Quick Loans
Equivalent APR offered: N/a | Loan Amount: $100 to $5,000 | BBB rating: N/a | Trust Pilot rating: 4.0/5 | States: 36 online | Physical stores: N | Telephone: N | Online: Y
-
Fill out one form to connect with hundreds of
potential lenders - Fast application process
-
Only a middleman, so you can't negotiate rates
with them directly
With so many companies providing payday loans, how is the average consumer supposed to know whether they’re getting the best terms available? Not all lenders have the same policies, after all, so a person with bad credit may not get the best deal at a place that specializes in low-interest loans contingent on a credit check.
This is where DirectLoanTransfer comes in. As long as you are 18 or older, a citizen or legal resident of the United States, have a bank account, and live in one of the states where payday loans are permitted, chances are good that you can find a competitive loan through DirectLoanTransfer. The variety of lenders they work with means that any amount up to $5,000 will be considered, making this a good source when looking for the best online loans for bad credit. Note that different states impose different restrictions on lenders, so loans may not be available for that high an amount where you live.
DirectLoanTransfer charges no fee for this service. Instead, the lender you choose to accept a payday loan from will pay them a commission that doesn’t get added to the loan amount. In addition to loans you’re expected to pay back with your next paycheck, installment loans are also available through this platform.
In many cases, you may be connected to a pre-approved lender within less than an hour. Your money will usually be deposited into your account the next business day. Note, however, that DirectLoanTransfer doesn’t check the validity of your application in detail, nor are they permitted to review the financial terms of the contract between you and the lender. It’s therefore your own responsibility to make sure that the interest rate and other conditions are acceptable. Financial websites like these can be a great help when sorting through the mass of payday lenders you can choose from and make it much easier to find the best loan available, but they’re not intended to function as full-fledged loan brokers.
2. CashNetUSA: Best Lender for Low Credit Score Loans
Equivalent APR offered: 400% | Loan Amount: $100 to $3,000 | BBB rating: B | Trust Pilot rating: 4.5/5 | States: 30 | Physical stores: 0 | Telephone: Yes | Online: Yes
- Reputation for fast and reliable service
- Various loan options
- Easy application process
- Doesn't always offer the best interest rates
-
Won't issue a new loan while another is still
outstanding
Many people’s first port of call when they’re in need of a daily pay loan, CashNetUSA boasts strong infrastructure and processes. To the consumer, this means that they can offer very rapid approval on a loan, though a bad credit check will obviously cause you to pay higher interest rates. You will usually be able to access borrowed funds in your bank account the same or the next business day.
As a responsible payday loan company, CashNetUSA also offers resources to help educate their customers on subjects related to money and loans. Borrowers can even take advantage of some savings programs offered through CashNetUSA’s partner companies.
While payday loans are their primary business, you can also apply for other short-term financial products, including access to a line of credit. Getting a quotation is not complicated at all, especially due to all terms and conditions including the interest rate being prominently and clearly displayed. All fees are shown in an upfront manner, including the penalties if you pay back the loan after the due date. Repaying a loan earlier than required does not entail any extra fees, a big point in CashNetUSA’s favor.
In fact, we’d go as far as saying that their customer service is some of the best you’re likely to encounter from any financial institution – in most cases, you won’t even have to fax or email any documents to them to qualify for a payday loan. They also offer one of the best cash advance apps you’re likely to find out there.
Unfortunately, lenders of this size usually follow an inflexible approach to lending in order to speed up their application process. Accordingly, some loans may not be available to people with bad credit. Also, while the interest rates CashNetUSA charges are in line with industry standards, you can often find a lender willing to make you a better offer if you put in an effort to find the best online installment loans. On the other hand, any legitimate payday loan is sometimes cheaper than a credit card cash advance.
3. Money2Me
Equivalent APR offered: N/a | Loan Amount: $100 to $5,000 | BBB rating: N/a | Trust Pilot rating: N/a | States: 35 | Physical stores: 0 | Telephone: N | Online: Y
- Large network of lenders to choose from
-
Quick and easy to check for which payday loans
you pre-qualify -
Difficult to get in contact with them, though it's
unlikely that you'll ever need to.
When taking out any kind of loan, you will ideally sift through a number of offers and select the one that charges the lowest interest rate and offers the most generous terms. However, when all you need is a moderate amount of money but have to get it into your bank account as soon as possible, this kind of comparison is probably not the best use of your time. Most people will usually settle for whatever payday loan lender they stumble on first, probably paying far higher fees than they should.
With Money2Me, you can let someone else weigh the financial details for you and simply select between a number of pre-qualified lenders. While most of these will run a credit check, bad credit is not necessarily an obstacle as long as you meet certain basic criteria.
To see what kinds of payday loans are available to you, you need only complete a simple, secure online form that asks for details like your name, Social Security number, and ZIP code (the latter is important because some types of short-term loans aren’t allowed in all states). Within a couple of minutes, you should receive a list of the best car title loans, installment loans, and payday loan products you have access to, depending on which best suit your requirements and the amount of money sought.
You should understand that Money2Me is not a lender per se. Rather, this company serves as a kind of information agent and intermediary between a lender and borrower. As such, they have no control over what specific terms you’ll be offered or what loan amount you’ll qualify for. They also cannot guarantee that you’ll be approved, though it is likely that at least one of the payday lenders in their network will want your business.
4. Check Into Cash
Equivalent APR: 650% | Loan Amount: $50 to $1,000 | BBB rating: A | Trustpilot rating: 4.5/5.0 | States: 30 | Physical stores: Over 1,100 | Telephone: Y | Online: Y
-
Multiple physical locations to visit for advice,
or apply online - Title and installment loans available
-
Payday loan interest rates are often higher than with
an online-only lender
Relatively few payday loan companies can claim an origin of as far back as 1993, making Check Into Cash one of the trailblazers of the short-term loan industry. Though most of their customers only need some financial relief until their next payday, day loans are only one of the services they provide. Even with bad credit, you may be eligible for flex loans, installment loans of up to $5,000, lines of credit, and car title loans for an amount up to $25,000. This gives individuals with bad credit an alternative to dealing with a bank, though you will generally pay high interest on any such loan.
One of their selling points is their rapid approval process. Assuming that you don’t need to provide additional documentation, which is a legal requirement in some states, online loan applications can be processed in less than a minute. The money usually arrives in your bank account before the end of the next business day.
In addition, their large network of storefront offices gives you access to a number of additional services, including check cashing and pre-paid debit cards for those without a bank account. You do, however, require an active checking account to borrow any money from Check Into Cash. Note that, unlike most payday lenders, Check Into Cash requires most of their customers to be at least 21 years of age rather than 18. They also run a “hard” credit check on every application, meaning that your credit score will take a slight, temporary hit just by applying.
The quick application process is very convenient, but Check Into Cash is known for very high fees and interest rate equivalents. This may not be that much of an issue if you truly just need money urgently, but the financial implications of relying on this sort of credit can be significant (as, indeed, they explain on their website). If you fail to pay back a payday loan on time, for instance, $20 is added to your balance along with the fee for extending the loan.
5. Check 'n Go
Equivalent APR: 475% | Loan Amount: $300 to $3,000 | BBB rating: A+ | Trust Pilot rating: 4.5/5 | States: 27 | Physical stores: Over 1,000 | Telephone: Y | Online: Y
-
Generally simple and transparent application
process -
Can talk to a real person face to face in one
of their stores - Multiple types of loan available
-
Maximum loan amounts are not all that
impressive -
High-interest rates are the norm, though
this depends on your credit score
Whether they requested a rapid cash advance, payday loan, or installment loan, most of Check ‘n Go’s customers report a generally positive experience. This is probably the best barometer of a lender’s trustworthiness, as well as an indication that the total financing fee is disclosed clearly.
Their physical storefronts also allow them to provide check cashing services and pre-paid debit cards for those without a bank account. They do lend to individuals with poor credit, though a credit check will be required for most loans. You should be aware that this will damage your credit, though the effect isn’t significant enough (for example) to cause your application for a new credit card to be declined.
As with most lenders of this type, you can expect to pay high interest rates even if your credit score is fairly good. Different states have different financial regulations in place, so the surest way to find out what amount is available to you and how much you’ll have to pay back is to actually apply for a loan. Once the loan is approved, you can expect to see the money in your account within 24 to 48 hours. Your bank must have the ability to accept direct deposits.
As a member of the Community Financial Services Association (CFSA), Check ‘n Go abides by certain norms and standards, including giving their customers access to an extended payment plan if they can’t meet their obligations. If you find yourself in this position, you should inform them that you’ll be unable to pay on the last business day before the loan is due, or you may be hit with a significant late payment fee. Note that repayment is generally through direct debit on your bank, so you need to ensure that sufficient funds are available in your account.
6. LendUp
Equivalent APR: 750% | Loan Amount: $100 to $300 | BBB rating: A+ | Trust Pilot rating: 4.7/5 | States: 7 | Physical stores: N | Telephone: N | Online: Y
- No minimum credit score required
- Returning customers may qualify for better rates
- Available only in a handful of states
Though their interest rates aren’t anything to brag about, LendUp helps its customers look beyond the next paycheck through their “LendUp Ladder” loyalty program. While a high credit score isn’t needed to apply for a loan from them, they will charge a lower fee to returning customers with a good track record of paying back their loans on time.
Another way in which they help those borrowing from them is by offering a brief but fairly comprehensive educational course covering money management, interest rates, and related topics. This is in the form of a number of short videos which, after you complete a simple quiz on each, also earn you LendUp Ladder points.
You can apply for a loan using either a computer or mobile device. Particularly if you’ve had a loan from LendUp in the past, this takes no time at all, nor will you have to squint to make out exactly what finance fee you have to pay. Cash will usually be available in your bank account sometime during the next business day.
All things considered, LendUp’s policy of not running a “hard” credit check (which will slightly damage your credit score) as well as their willingness to extend a loan even to people in difficult financial situations make them an option worth exploring if you have bad credit. Their high fees, however, mean that you have to make sure that you can pay the loan back on time, plus interest. This is par for the course when it comes to payday loans, though.
7. Rise Credit
Equivalent APR: 200% | Loan Amount: $500 to $5,000 | BBB rating: A+ | Trust Pilot rating: 4.5/5 | States: 31 | Physical stores: N | Telephone: N | Online: Y
-
Flexible lending term and reduced fees
for prior customers - Good financial education resources
- Similar interest rates to traditional payday loans
Rise Credit has a number of similarities to LendUp. Both allow returning customers who’ve paid on time in the past to take out a new loan at a reduced rate. You can also select your own loan term (within reason) with either company and pay your loan back before the due date without having to cough up an extra fee. In addition, both companies offer a fairly comprehensive yet accessible course on using payday loans and credit cards, how you can improve your credit score, good money habits, how to manage a bank account and so forth – in fact, for us, Rise Credit wins by a nose in this department. Both report on-time payments to credit bureaus under certain conditions.
Rise Credit, however, gives customers a 5-day cooldown period during which they can return a loan they’ve made without having to pay an extra fee. Though pre-qualification (meaning what happens between you completing their simple web form and being shown the payday loans available to you) doesn’t require a hard credit check, this will be done before final approval is granted. Your credit score will therefore be impacted slightly even if you choose, at the last moment, not to accept the loan. Rise Credit also allows installment loans to be repaid over a term of up to 26 months, while LendUp restricts you to four, thereby limiting the loan amount you can apply for.
At the end of the day, though, Rise Credit shares the same flaw all lending companies who cater to people with bad credit have: interest rates are very high compared to other types of installment loans. Significantly, joint applications aren’t accepted, so you can’t pay a lower fee by getting someone to co-sign the loan with you.
While some of the bells and whistles they offer are quite nice, you should still make sure that a payday loan is indeed your best choice. If your credit score qualifies you for a different kind of loan, or your credit card has a competitive interest rate on cash advances, you may want to weigh these options first.
8. Ace Cash Express
Equivalent APR: 700% | Loan Amount: $100 to $2,000 | BBB rating: A+ | Trust Pilot rating: 4.5/5 | States: 20 | Physical stores: Over 950 | Telephone: Y | Online: Y
- No extra fee for early repayment
-
Convenient payday loan application process
either online or in-store - No minimum credit score
- Fairly high-interest rates
Having opened their first store in 1968, Ace Cash Express is another well-established company. Like Check ‘n Go, they offer a variety of products and services other than payday loans at their physical locations, including car title loans, installment loans, bill payments, check cashing, wire transfers, and pre-paid debit cards. This makes them a kind of all-in-one solution for the underbanked community.
One unusual feature of this company is that they offer a 72-hour returns policy. In other words, if you decide you don’t need a loan after all, perhaps because you’ve found a source of cash that doesn’t come with such a high interest rate attached, you can simply cancel the loan without any repercussions or extra fees. If the loan is approved, you will usually have the cash available within 24 hours.
Their website is exceptionally clear and easy to use, while the ability to walk into one of their stores and get answers to any questions you may have is a definite advantage. Ace Cash Express is therefore a convenient option, but their fees and rates aren’t especially competitive. If you’re looking for the best debt consolidation loans, for instance, their installment loan packages will not suit you. Ace Cash Express also doesn’t report to the three major credit bureaus, meaning that your credit score doesn’t improve if you pay back the loan on time.
Active military members are not eligible for loans from Ace Cash Express, which is strange as current and former servicepersons are often seen as less of a credit risk. Also unlike most companies that provide payday loans, they specifically state that they will not approve anyone who is in the process of applying for bankruptcy.
Rise Credit, however, gives customers a 5-day cooldown period during which they can return a loan they’ve made without having to pay an extra fee. Though pre-qualification (meaning what happens between you completing their simple web form and being shown the payday loans available to you) doesn’t require a hard credit check, this will be done before final approval is granted. Your credit score will therefore be impacted slightly even if you choose, at the last moment, not to accept the loan. Rise Credit also allows installment loans to be repaid over a term of up to 26 months, while LendUp restricts you to four, thereby limiting the loan amount you can apply for.
At the end of the day, though, Rise Credit shares the same flaw all lending companies who cater to people with bad credit have: interest rates are very high compared to other types of installment loans. Significantly, joint applications aren’t accepted, so you can’t pay a lower fee by getting someone to co-sign the loan with you.
While some of the bells and whistles they offer are quite nice, you should still make sure that a payday loan is indeed your best choice. If your credit score qualifies you for a different kind of loan, or your credit card has a competitive interest rate on cash advances, you may want to weigh these options first.
9. Speedy Cash
Equivalent APR: 600% | Loan Amount: $50 to $3,000 | BBB rating: A+ | Trust Pilot rating: 4.6/5 | States: 29 | Physical stores: Over 200 | Telephone: Y | Online: Y
-
Very convenient and quick to apply,
with a rapid decision on approval - Flexible loan term
-
It's possible to get approved for a payday
or other loan you won't be able to pay back
Speedy Cash (also trading as Rapid Cash in some states in order to avoid trademark infringement) first opened its doors in 1997, started accepting online payday loan applications in 2008 and has since expanded to Canada and the United Kingdom. They continue to offer services like check cashing, wire transfers, and pre-paid debit cards at their physical locations, but their primary business is to lend money in the form of payday loans.
They put few barriers between themselves and anyone in search of a payday loan. Poor credit, for instance, is not an obstacle as long as you have a steady source of income. Cash is generally available within one business day, and the customer can choose to either receive a direct deposit to their bank account or use a pre-paid debit card. Title and installment loans are available too, up to a maximum of $26,000, as are revolving lines of credit.
As with all legitimate payday loans, Speedy Cash will provide you with a loan contract that spells out the loan term, the lending rate, any additional fee for renewing a loan you can’t pay back as well as all other relevant terms and conditions. They’re not required to read it to you, however, and in most cases they will not. Speedy Cash is a member of the Community Financial Services Association of America (CFSA), which places a great deal of emphasis on transparency, but it is still up to you to determine whether you’ll be able to pay the loan back on time.
One unusual feature of this company is that they offer a 72-hour returns policy. In other words, if you decide you don’t need a loan after all, perhaps because you’ve found a source of cash that doesn’t come with such a high interest rate attached, you can simply cancel the loan without any repercussions or extra fees. If the loan is approved, you will usually have the cash available within 24 hours.
Their website is exceptionally clear and easy to use, while the ability to walk into one of their stores and get answers to any questions you may have is a definite advantage. Ace Cash Express is therefore a convenient option, but their fees and rates aren’t especially competitive. If you’re looking for the best debt consolidation loans, for instance, their installment loan packages will not suit you. Ace Cash Express also doesn’t report to the three major credit bureaus, meaning that your credit score doesn’t improve if you pay back the loan on time.
Active military members are not eligible for loans from Ace Cash Express, which is strange as current and former servicepersons are often seen as less of a credit risk. Also unlike most companies that provide payday loans, they specifically state that they will not approve anyone who is in the process of applying for bankruptcy.
Rise Credit, however, gives customers a 5-day cooldown period during which they can return a loan they’ve made without having to pay an extra fee. Though pre-qualification (meaning what happens between you completing their simple web form and being shown the payday loans available to you) doesn’t require a hard credit check, this will be done before final approval is granted. Your credit score will therefore be impacted slightly even if you choose, at the last moment, not to accept the loan. Rise Credit also allows installment loans to be repaid over a term of up to 26 months, while LendUp restricts you to four, thereby limiting the loan amount you can apply for.
At the end of the day, though, Rise Credit shares the same flaw all lending companies who cater to people with bad credit have: interest rates are very high compared to other types of installment loans. Significantly, joint applications aren’t accepted, so you can’t pay a lower fee by getting someone to co-sign the loan with you.
While some of the bells and whistles they offer are quite nice, you should still make sure that a payday loan is indeed your best choice. If your credit score qualifies you for a different kind of loan, or your credit card has a competitive interest rate on cash advances, you may want to weigh these options first.
10. Money Mutual
Equivalent APR: N/a | Loan Amount: $200 to $1,500 | BBB rating: A+ | Trust Pilot rating: N/a | States: N/a | Physical stores: 0 | Telephone: Y | Online: Y
-
Can apply for pre-approval with
dozens of lenders at once - No charge for their help
- Not a lot of flexibility in terms of loan amounts
-
A smaller network of lenders than
either DirectLoanTransfer or Money2Me
It’s possible to shop online for nearly anything these days, including the most competitive payday loans. Much like when you compare the different interest rates and terms of various credit cards online, Money Mutual gives you easy access to each of the companies in their lender network. Simply fill out a short form and they will tell you – often within minutes – which payday loans (or installment loans) you may qualify for.
If you decide to take one of these loans, the lender rewards Money Mutual with a commission payment, but this doesn’t increase the loan fees you pay. The basic requirements are few: you need to be 18 years or older, earn at least $800 a month, have a bank account and a Social Security number – that’s it! The lender, however, will most likely request additional information and may check your credit.
We should make clear that Money Mutual cannot influence the direct lenders it deals with to approve a loan for a particular client, nor can it make any changes to the loan term or finance fee. Money Mutual is really in the business of information, not loans as such: they may help you find a better quote, more quickly, but it is the policies and criteria of individual lenders that will determine how much money you can borrow and at what rate. This situation is very similar to that of even the best peer to peer loans websites: the intermediary knows who both parties in the transaction are, but doesn’t really have an incentive to ensure that the loan will be repaid or that the borrower gets the best possible terms.
What Is the Best Payday Loan for Bad Credit?
No two people have exactly the same requirements when it comes to payday loans. If, like many self-employed people, you have an irregular income, you may want to choose a company that welcomes repeat business. If your credit history is poor or non-existent, another lender who looks at factors beyond your credit score may offer you better rates. In some cases, you may want to find a lender who reports on-time payments to the major credit bureaus, helping to build your credit and make you eligible for a credit card in the future.
If you have specific needs like these, we suggest that you read through each of the reviews below to see which payday loan lender will suit you best. With all of them, however, we looked carefully at the following factors when deciding on their rating and whether to include them here at all:
- Ease of Use. Applying for a payday loan is complicated enough as it is. We prefer lenders who make the process as easy as possible, which means that only payday loan companies who accept online applications are listed.
- Transparency. Legally, every lender has to disclose loan terms like fees and equivalent interest rates. Not all of them go out of their way to ensure that their customers truly understand what their payday loan entails, though – we give preference to companies who are upfront about how much it costs to borrow money from them.
- Versatility. Not all payday loans are created equal, and a payday loan isn’t always the most suitable form of credit anyway. Some flexibility in terms of repayment date, for instance, counts for a great deal with us.
- Best Rates. Payday loans are expensive compared to other forms of credit, reflecting the fact that they’re a special case used only in particular circumstances. You shouldn’t have to pay higher interest rates than you have to, though, meaning that we prefer payday loan providers who offer a competitive rate.
- Customer Complaints. Virtually all payday loan companies have at least a few complaints against them at the Better Business Bureau, state bodies, or elsewhere. Instead of just counting how many there are, we looked at the content of each. Simple clerical errors that were quickly rectified can happen to anyone, but a pattern of aggressive or misleading marketing will make us think twice about reviewing a payday loans provider.
Are Payday Loans Legit and Safe?
The payday loan industry has a somewhat bad reputation, and it is indeed a fact that not every lender has its customers’ best interests at heart. Speaking objectively, though, a payday loan is simply a tool intended for certain uses but not for others. You wouldn’t use an ax where a pair of scissors is up to the task, would you?
The trouble arises when people use payday loans as a first rather than a last resort. It’s absolutely true that any payday loan comes with very high fees attached; this is perfectly normal and reasonable for a loan that runs for only a few weeks. In addition, as the customer’s priority is usually to get money into their bank account as quickly as possible, the typical payday lender doesn’t have time for the expensive and time-consuming credit and background checks other financial institutions perform, so the risk of a loan never being repaid is much higher than average.
In other words, payday loans are not supposed to be used for regular bills or items you should be able to cover out of savings. Your payday lender has no control over what you use a payday loan for – the money is yours to do with as you see fit – but most will advise you to use payday loans only for unexpected, urgent expenses like car repair, small medical bills, or to avoid a greater financial loss like an overdraft or late bill payment fee. In addition, it may be possible to find an alternative to a payday loan that doesn’t involve paying high rates of interest: just talking to a creditor and asking for an extension, for instance, may avoid the necessity for a loan altogether.
For very small sums, it may be more economical to use a credit card. When you need in excess of a thousand dollars for a term longer than a month, you should really be looking at installment loans with low-interest rates, either from a lender that also offers payday loans or – if you have the credit score for it – a bank or credit union.
Whatever your situation, it’s essential to do the math. No financial decision should be made without having all the information at your disposal, whether you’re searching for the best student loans or the quickest payday loans. Even if you don’t know much about personal finance, you’ll find that there are a multitude of tools online to make your decision easier.
How to Get a Payday Loan as Quickly as Possible
You may have noticed that, while some of the payday loans companies listed above have physical offices, all of them allow you to apply for a payday loan online. This is usually the fastest way to get the money you need into your bank account, often within 24 hours of applying.
There are a couple of things to be aware of, though. In the first place, some companies run a credit check even before pre-approving your application; this causes your credit score to dip, meaning that you’ll have to pay a higher interest rate if you decide to accept another quote instead. In addition, not every loan for which you qualify will charge the same interest rate. Comparing different offers is essential if you want to pay less for your payday loan, but may take more time than you have available, especially in the middle of a financial emergency.
LoanWinners therefore recommends that you make use of one of the services that do most of the work for you; on this page, you’ll find DirectLoanTransfer, Money2Me and Money Mutual in that category. Unless you already have an account with another payday loan company, their fast and powerful comparison tools will usually get you the best interest rate, regardless of your credit score.
David Vusi
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