Top 5 Payday Loans And Where To Get Them

Top 5 Payday Loans And Where To Get Them

Payday loans are attractive to anyone who wants easy and fast access to cash. Although payday loans have been scrutinized over the years for being deemed predatory, the truth is that the upsides are still significant if done right. Unexpected expenses can happen to anyone, and a payday loan is a quick and straightforward solution for a short-term financial problem. This type of loan comes with high interest rates, but it can save you money if you are trying to avoid late fees or overdraft charges on things like rent or utilities. This way, you can even keep your credit score from falling.

Before taking out a payday loan, make sure that you have looked at other options before resorting to a cash advance. It is important not to allow yourself to fall into habitual short-term borrowing as it can put you in even more significant debt if you are not careful. That being said, we’ve listed five of the best payday loan companies to help you get started. These companies are reputable, reliable and are known to give the fairest loan terms in the country. Check them out and choose the one that will suit your needs best!

  1. ACE Cash Express

ACE Cash Express has a proven track record for lending money, boasting 50 years of service since 1968. Perhaps one of the best things this lending company offers is its easy and quick loan process. After completing the application form, you will be given a decision in a matter of minutes. They claim a 72-hour risk-free satisfaction guarantee and will deposit the money directly to your account overnight. Interest rates depend per state.

General Payday Loan Requirements:

  • Must be 18 years old
  • Proof of recurring income
  • A checking or savings account open for at least one month
  • Social Security Number or Taxpayer Identification number, if applying online
  1. Check City

With Check City, you can apply both online or in any of their physical locations. Their customers know them best for their lower rates, friendly service, and their honesty when discussing loan terms. Check City also has awards and accreditations from Responsible Lending Statement, Better Business Bureau, and the Community Financial Services Association of America.

General Payday Loan Requirements:

  • A steady source of income
  • Photo ID
  • A checking account
  1. Check Into Cash

Check Into Cash has been around for 25 years and offers both short-term and long-term loans. Applications can easily be made through their website or any of their 1,100 stores across the country. You can loan a maximum amount of $1000, and the interest varies per state. The loan money is generally received by the next business day.

General Payday Loan Requirements:

  • Must be at least 21
  • A checking or savings account
  • Email Address
  • Phone number

  1. Advance America

Advance America has an impressive 5-star satisfaction rating on Trustpilot and has around 2,400 office locations all over the country. If applying online, you may input your state and see possible loan terms, including an estimated fee and ACR rate by using their user-friendly interface.

General Payday Loan Requirements:

  • A government-issued ID
  • Proof of income
  • Social Security Number or Tax Identification Number
  • Active checking account
  1. LendUp

LendUp offers a super quick application process with instant decisions and 24/7 services. LendUp doesn’t require its customers to have a good credit score and allows first-time borrowers to loan a maximum amount of $250. But perhaps what makes this company unique is what they call, LendUp Ladder, a program built to incentivize responsible loaner actions for repeat borrowers and will ultimately lower rates over time. Their website also offers free financial education courses to help their customers become more financially savvy.

General Payday Loan Requirements:

  • Must be at least 18 years old
  • An electronic checking account
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