|
Pay day Loans
Reviews of lenders that offer online payday loans
Compare the cash advance financing rates
|
Pay day loans are a form of cash advances on your future paycheck.
Usually even people with bad credit can qualify if they
have been at their job for at least a few months and
earn at least a certain amount. Basically, these companies
will direct deposit money into your account, and then
directly debit your account on payday. Amazingly, there
is virtually no information about the quality of these
companies. I found NONE. If you can find any,
let me know. It looks like they really have bad terms,
much worse than the finance rates on credit cards, but
they obviously are popular for some people as there
are tons of places on the web promoting these. Applying
online appears to be a fast, easy, confidential way
of getting cash advances in a crunch (but you pay for
that luxury).
Read my information about payday
loans options and payday loan alternatives
|
|
Highly Recommended of the available options based
on feedback I've received |
Quik
Payday
- (Last Updated August 13th, 2005) From their website:
Short on cash? Quik
Payday
provides cash fast!
Quik
Payday
offers the quickest cash advance services. If you need extra
cash til payday, Quik Payday is a quick and secure way to get
fast cash.
The Quik
Payday
Process
Complete and submit a payday loan application
Receive quick loan approval
Get a payday loan of up to $500
Cash is deposited directly to your account
Confidential and secure
What I found:
Their site is one of the better ones on pay day loans. They
provide clear information, and they charge $20 for every
$100 borrowed. This is one of the lowest rates
I was able to find for these online payday loans. They
have 24 hr support, which is the first company I've seen offering
that level of customer support. First loan can borrow up to
$300, but then can borrow up to $500 after two successful cash
advances. Can extend a loan for an extra fee.
Site domain name first registered April 5, 2000, so they have
been around a few years. |

First Loan Free Up to $300
NO FAX OPTION NOW AVAILABLE!
A Top Recommended Cash Advance Offer
|
Mypaydayloan.com
-Update August 13th, 2005 - NO FAX PAY DAY
LOAN OPTION NOW AVAILABLE - First Loan Free
How much does a loan cost me?
The fee for advancing a check is 25% of the amount borrowed,
so for $100.00 the fee is $25.00 or $125.00 total. [FIRST
LOAN FREE!]
What is the period of time the loan is designed for?
This is a payday advance therefore your due date is based on
when you get paid. If your upcoming paydate is less than 6 days
away from the date the loan was made, we will not use it as
your first due date. Instead, we will use your second payday
(up to 18 days total). If, however, your upcoming pay day is
farther than 6 days from the date the loan was made, then your
upcoming pay date will be used as your due date.
How many times am I allowed to extend this loan?
You can extend this loan as many times as necessary, however,
these are intended to be short term and should be paid back
quickly.
What amount will be deducted from my checking account
on my due date?
You are required to submit a payment request. However, if you
fail to submit a payment request, then your total amount due
will be withdrawn from your checking account on your due date.
Information I could find on Mypaydayloan
$25 for every $100 borrowed (Now offering first loan
free). No fax option available! Qualifying
terms are now very clear on the website. You must have a checking
account that is at least 3 months old, and you must make at
least $1000 per month. On your first loan you can take
out $300, but on the second you can take out $400,
third is up to $500, and after that, you can take out
up to $1000. You can extend the loans. Site was first
registered Oct 18, 1999 so they have been around longer than
the other sites I found. |
|
Loan-Till-Payday.com (added 4/8/04 - updated
8/13/05) Hassle-Free
Emergency Cash Loans
provides fast payday cash advance loans to help you and your
family through any emergency loan situation. 30-second
approval for up to $1000.
They report having a very hassle-free FAXLESS
loan process.
Rate is $30 per every $100 borrowed. Requirements are pretty
standard:
• You are currently employed for at least 2 months or
receive recurring Benefit income.
• You make at least $1000/month if employed or $800/month
if on a fixed income.
• You currently have an active checking account.
• You have a working home phone where you can be contacted.
Fees are on the high side, but report having a 93% approval
rate for loans up to $1000. They also will offer to lend you
money even if you only get paid once a month
- many other companies require you get paid twice a month.
Loans are NOT available to residents of New York, Kansas, Colorado,
Georgia, Mass., and Idaho.
|
| |
PayCheckToday.com (Added 8/14/05)
- Apply
Now! 
Per their web site:
Get Up to $1000 Cash in 24 Hours!
It's Fast - Approved in 30 Seconds.
No Faxing Required...It's Easy!
No Credit Check
Is this 100% faxless?
Yes, as long as we can verify all the information on your application.
There are instances where we may request a copy of a recent
paystub, bank statement, or voided check.
Complete our EXPRESS online application
The PaycheckToday online application is fast and confidential.
Simply provide us with the required information about yourself,
your income, and your bank checking account. Applications are
pre-approved in just 30 seconds! Based on your application,
you may qualify for a payday loan up to $1000. Your credit rating
isn't important.
Apply
Now »
Your funds will be put in your bank account the next
day.
After you have been approved for a loan, your registered bank
checking account will receive the approved funds on the next
business day. (Assuming transaction was completed during before
the close of business that day.)
Apply
Now »
Take Advantage of our flexible payment options.
We offer several payment options to work with your specific
needs.
More
info »
What I was able to find:
This is a very well laid out site, with clear information. They
do make it clear they have a faxless option.
Their rates are higher than many other companies now, being
$30 per $100 borrowed. They offer loans up
to $1000. They allow up to 4 loan renewals.
Loans are not available to residents of Kansas, Georgia, or
New Mexico. |

(High Recommendation - Lowest price at $10 for
every $100 borrowed. Also NO FAXING REQUIRED.)
|
Half-Price
payday loans. - PayDayOK
(updated 8/21/05) - From their website:
PayDay
OK offers you totally secure, 100% online transactions and
instant results 24/7 without the headaches of faxing
or paperwork. And with PayDay OK, you can expect fast electronic
deposit, no credit checks and no hassles. Best
of all, our loan rates are a fraction of the cost.
So save time, save money and save the day – with PayDay
OK!
Information I could find on PayDayOK
$10 for every $100 borrowed (the lowest I could
find) with a Low-Cost Guarantee. Also, no
faxing required. They had no information on how much
you need to earn or how long you need to be employed. They have
one of the nicest and most informative sites
I have seen. |
|
123OnlineCash
offers you up to $1500 Cash!!
(Updated August 13, 2005)
Qualifications:
Currently have a job (or receive regular income)
Make at least $1000 per month
Are 18 years of age or older and a U.S. citizen
Have a checking account
Other requirements may apply
Even bankruptcy, bounced checks, charge-offs and other credit
hassles don't prevent you from getting the cash advance you
need!
It appears that you complete their 2 minute application, and
then they match you with a lender, with some of their lenders
offering up to $1500 loans. They do not show the requirements
for the $1500 loans, nor do they show what their typical fees
are. It does appear they have a no faxing option as well.
|
|
|
You
could Get 500 Bucks by Tomorrow! 2 Minute App.
- 123 Online Pay Day Loans (Added January
14, 2005)
Unable to find their rates, but qualifications appear similar
to other companies. From their site, they claim to offer the
fastest cash on the net, no credit checks,
no paper hassles, nothing to fax, and if you
apply online, they will contact you within an hour. You can
extend your loan if necessary. |
|
|
Fast Cash Preferred CARD (added
7/22/04) -
Have
access to apply for CASH 24 hours a day, 7 days a week!
From their website -
The FastCash Preferred Card is a Stored-Value card issued by
a financial institution and processed by Lynk Systems, Inc.
using the name "Cash Lynk." It works just like an
ATM Debit card, but without requiring you to have a deposit
account at that institution. After the proceeds of a loan are
loaded onto the card, it can be used like any other ATM debit
card with the same worldwide access. You can charge retail purchases
at point of sale (POS) terminals or withdraw cash at ATMs up
to the cash limit of the ATM or the card’s available balance.
The available balance is determined by the amount of funds the
cardholder has loaded onto the card and has not previously withdrawn.
What I found:
I'm not entirely sure I understand how this works, but it appears
this is a payday loan with a twist. Basically, you get your
pay day loan approved, and then you can withdraw your balance
from any ATM machine. I couldn't find any information on their
rates.
|
|
|
National Fast Cash - (Updated
January 14, 2005)
Get
an OVERNIGHT Advance of up to 5OO Bucks
To Qualify:
- Currently have a job (or receive regular income)
- Make at least $1200 per month
- Are 18 years of age or older and a U.S. citizen
- Have a checking account
- Other requirements may apply
Even bankruptcy, bounced checks, charge-offs will not automatically
lead to your being rejected.
They say that their fees for their cash advance pay day loan
depends on the information you provide to them.
|
| |
EZPaydayCash.com
- added 9/14/03. Appears to be a fairly typical
payday loan company. Fees are $25 / $100 borrowed. The first
loan may be up to $300, and subsequent loans can be increased
up to $100 each time to a maximum of $1000. Their requirements
to qualify are: 1) Direct deposit. 2) Have your current job
for at least 3 months. 3) Have a valid checking or savings account
for at least 3 months. 4) Monthly net income minimum of $1,000.00.
|
|
PersonalCashAdvance.com
- (added 9/27/03) offers $100-$500 payday cash
advance loans. What I found:
In order to qualify:
• You're currently employed or receive recurring income
regularly.
• You take home at least $1000/month if employed or $800/month
if on a fixed income
• Your paycheck is direct deposited into your savings
or checking account.
Do I need anything else?
After completing an application, you will be asked to fax in
copies of the following documents:
• Copy of drivers license, State issued ID or Military
ID.
• Copy of a bank statement within the last 30 days.
• Copy of a personal check marked "VOID".
• Copy of your most current pay stub.
What if I have bad credit or a bankruptcy?
Not a problem! Personal Cash Advance does not obtain a credit
bureau report to qualify you for a cash advance payday loan.
Do I need direct deposit?
At this time we can only process your loan if your paycheck is
direct deposited; it is the most secure way to offer loans as
quickly as we do.
Interestingly - I was unable to find their rates anywhere
on their web site. |
| |
The
Cash Station.com
(added 7/7/04 - updated 8/13/05) - easy, no hassle
loans of up to $500.00.
From their site, requirements for approval:
- Have had your current job for at least 90 days
- Be 18 years of age or older and a citizen or permanent resident
of the United States
- Have take home pay of at least $1000/mo after taxes
- Have a current home and work phone number and valid email
address
They say you can qualify for loans from $100 to $500.
Can I still get a loan if I have bad credit or a bankruptcy?
A cash advance is a no credit check loan. Your credit rating
does not matter. Bankruptcy, charge offs, bounced checks, and
other credit issues do not affect your ability to get a cash
advance or paycheck loan.
How long does it take?
CashAdvance.com has one of the fastest turnaround times available
online. Our secure application takes about 5 minutes to complete.
Once you have completed the online forms your loan application
will be reviewed and normally funded the next business day.
What I was able to find: It appears this is
another clearinghouse where they will accept your application,
and then find a lender for you. Because of this, I have no way
to know what their rates are for payday loans. |
|
|
PayDay
Central
- Updated January 14, 2005
To Qualify:
-Currently have a job (or receive regular income)
-Make at least $1000 per month
-Are 18 years of age or older and a U.S. citizen
-Have an active checking account
-Other requirements may apply
I was unable to find their rates. They claim they do not require
faxing and do not do credit checks. |
|
|
Get
the Cash You Need! Its as easy as 123!
- 123OnlineCash - From their website:
People with bad or no credit -
You can qualify for a loan, even with bad credit, slow credit
or no credit. Do not be concerned if you have bad credit. In
the event your credit is not the best, 123OnlineCash will offer
you a loan.
The approval process -
Getting a loan approved from 123OnlineCash is a simple and fast
process. As soon as we are able to verify some of the information,
you could be approved for your cash advance paycheck loan. The
cash advance loan funds will be available in your account the
very next day! No hassle of waiting in line or going
to the loan store. Get approved for your paycheck cash advance
loan, on line.
Loan Amounts -
They offer paycheck cash advance loans up to $500,
depending on the loan application which you submit. We also
offer loans from $100 and up in varied amounts up to $500.
What can I use my Paycheck Loan for?
Use you money for whatever purpose you wish. If you have some
bills due, something necessary you need to buy, or just want
to have some fun! Your loan is for you to use as you wish!
What I found: They are slightly newer than
some of the other companies, having registered their domain
name July 26, 2001. I could find no details
about their program, other than you can take out $100 - $500,
you need to earn $1000 per month, and the application is very
short.
|
|
TheInternetPayday
- Get your
online cash today!
(Added 9/23/05)
Qualifications:
- make at least 200 dollars take home pay a week
- have an open and active checking account
- be a US resident
- not have 4 or more NSFs (not sufficient funds) on most recent
bank statement
Terms:
$25 per $100 borrowed
15 day loan
Allow extensions
Approval in minutes, funds available the following day if approved
First four transactions up to $200, after that up to $500
|
 |
UrgentCashAdvance.Com - Payday
Loans and Cash Advances (Added 10/8/05)
If you have an unexpected expense, their cash advances will
get you the money you need before you get paid from your work.
Fees range from $15 to $20 per $100 borrowed
which is on the low end for fees.
They operate in Colorado, Hawaii, Idaho, Louisiana, Missouri,
New Mexico, Oklahoma, Oregon, Utah, Washington, Wisconsin, and
Wyoming. They are one of the very few companies online who operate
under strict licenses and guidelines of each state
where they operate.
Requirements: Access to a fax machine, Verifiable
consistent income (min gross of $250 per week), Active bank
account
The maximum amount you can borrow depends
on the state (Range from $50-$500).
Some states allow extensions or renewals. They follow the laws
of the state in which you reside.
|
| |
AeroAdvance
- The Cash Advance Company™
Get up to $500 overnight until your next payday. AeroAdvance
offers fast approvals and flexible payment options. If you need
extra cash, a payday loan with AeroAdvance is the best and most
secure way. Apply
today!
From their website, requirements: You must have been in your
current job for at least four consecutive months and take home
at least $1,000 a month after taxes. In addition, you must have
a valid checking account that has been open for at least three
months.
Fees: In general, fees appear in line with most other companies
at $20 for every $100 borrowed. |
| |
From Pay
Day City's
web site:
Next Day Funds Checking Account Required
Se Habla Espanol Apply online!
Cash Advances Deposited Directly
Into your Personal Checking Account
We provide short term cash advance payday loans when you need
them most. Approval takes only minutes and funds will be available
the very next day. We cash personal checks and hold 'em! Even
if you have bad, slow or no credit, we can put cash in your
checking account today.
Frequently Asked Questions
What is a Cash Advance?
-A Cash Advance is a short term payday loan when it is needed
most...usually between paydays! The money is directly deposited
into your personal checking account, then the cash advance funds
(plus a small fee) are taken out of your account at the end
of the loan.
Can I get an extension on my payday loan?
-Yes! Your payday loan can be extended by submitting an extension
request. A fee will be extracted from your checking account
to cover for the cost of the extension.
How Long to be approved?
-In only a matter of minutes! Cash advance funds will be available
in your account the very next day!
What is the term of the loan?
-THIS LOAN IS A 15 DAY PAYDAY LOAN! It can be extended by simply
submitting our extension request I have bad Credit...can you
still help me? Yes, we specialize in helping people like you
with bad, slow or no credit.
How much can I get?
-The first four transactions up to $200, after that you become
a preferred customer and you can get up to $500
Information I found on the web:
After searching Pay
Day City's
site, I did find that they charge $25 for every $100 borrowed.
Need to earn $200 / week to qualify (this is better than most
other offers). Can extend the loan. Can take out up to $200
the first four times, then $500 after that. Site domain name
first registered October 12, 2000. |
|
|
United
Cash Loans - Unitedcashloans.com (Updated January
14, 2005)-
Get
up to $500.00
Requirements from their website:
Currently have a job (or receive regular income)
Make at least $1200 per month
Are 18 years of age or older and a U.S. citizen
Have a checking account
Other requirements may apply
Even bankruptcy, bounced checks, charge-offs and other credit
hassles don't prevent you from qualifying.
Unable to find their rates, but qualifications appear similar
to other companies. Similar to other sites, they claim they
offer the fastest cash loan on the net with no credit
checks, no faxes, and they will contact you within
an hour after you apply. They do allow loan extensions. |
|
YourCashNetwork!
Click Here!
- From their website:
FAST Two Minute Online Application
No Credit Checks
Slow pay, charge off's, even bankruptcy are OK
No faxing required
|
| |
Dollaradvance.com - Need
Cash?
- from their website: CAN I GET AN EXTENTION ON
MY PAYDAY LOAN?
· Yes! Your payday loan can be extended by submitting
an extension request. A fee will be extracted from your checking
account to cover for the cost of the extension.
HOW LONG TO BE APPROVED?
· In only a matter of minutes! Cash advance funds will
be available in your account the very next day!
WHAT IS THE TERM OF THE LOAN?
· THIS LOAN IS A 15 DAY PAYDAY LOAN! It can be extended
by simply submitting our extension request.
I HAVE BAD CREDIT...CAN YOU STILL HELP ME?
· Yes, we specialize in helping people like you with
bad, slow or no credit.
HOW MUCH CAN I GET?
· The first four transactions up to $200, after that
you become a preferred customer and you can get up to $500!
|
|
CashAdvanceMan
(added 8/17/03 - Upadted 8/13/05) - Cash advances
Find out how to get $500 cash today! CashAdvanceMan.com
What I found:
To qualify you must:
make $200 per week take home pay
have an open and active checking account
be a US resident
First 4 transactions are up to $200, then up to $500
They specialize in helping people with bad, slow, or no credit
Fee is $25 per $100 borrowed
|
|


|
ZippyCheck
(added 10/20/03)
What I found:
Fee = $20 per $100 borrowed
Offer up to $900 payday loans (returning clients)!
($350 for new clients)
They do NOT conduct a credit check
You can have only ONE (or none) outstanding pay day
loan with another company and you cannot have any in
default with other services. |
|
YourFastCash.com
- There is almost no information on their website, but their
application is the shortest that I've seen. It looks
like you need to earn $1200 / month to qualify. Domain was registered
on May 9, 2001, so they have been around a while. |
| |
CitizensCashAdvance.com
- From their website:
Next Day Funds • Checking Account Required
Se Habla Espanol •Apply online!
Cash Advances Deposited Directly
Into your Personal Checking Account
|
Automobile
and Motorcycle Loans
Home
Loans
ValueLine Investment
Survey Special Offers
Site Maintained by Richard
Malis, M.D.
Copyright 1996-2005
Last Updated October 27, 2005 |
|