SuperMoney 

Compare Payday Loans

Are you considering a payday loan? SuperMoney's free payday loan company reviews and comparison tools can help you find the best option available. Read on to learn everything you need to know about payday loans.

First, payday loans are an expensive source of credit. Only consider them in an emergency and if you don't qualify for lower cost sources of credit, such as personal loans and credit cards.

Find out if you qualify for better rates with a personal loan here before you apply for a payday loan. It won't hurt your credit score, and you can get competing offers from leading lenders in minutes. Other alternatives to consider are getting a side job or selling (or pawning) things you no longer need.

If payday loans are your best borrowing option, it’s important to understand how payday loans work. This will help you get the best possible deal and avoid payday loan scams.

What is a payday loan and how do they work?

Payday loans, also known as check loans, and cash advance loans, are short-term, high-cost loans that are typically due on your next payday. Depending on where you live, payday loans may be available through storefront payday lenders or online.

Key comparison data for payday loans:

  • Length of the term: The average loan term spans about two weeks.
  • Loan amounts: The average loan amount ranges from $100 to $1,000 (depending on state laws).
  • Finance charges Finance charges range from $10 to $30 to borrow $100 (390% to 780% APR).

Payday loans are secured by a personal check from the borrower, or by electronic access to the borrower's bank account. In the case of the check, the borrower writes the amount borrowed, plus the cost of borrowing.

When the pay date comes, the lender cashes the borrower's check or withdraws the amount from their bank account. If you can't afford to pay in full, some lenders offer longer-term installment repayment plans or allow you to roll it over to your next payday if you pay additional fees.

What are the key features to consider when comparing payday loans?

The key features to consider when comparing payday loan reviews are:

  • Loan amounts.
  • Rates & fees.
  • Eligibility requirements.
  • Availability - Payday loans are not available in every state.
  • Direct deposit to your account.
  • Instant approval decision.

SuperMoney's payday loan reviews and comparison tools allow you to filter payday loans by those features. That way you can be sure you're getting the best possible deal.

These are the questions you should be asking when shopping for a payday loan.

How much money can I borrow with a payday loan?

The exact amount will vary depending on your state's laws and your income. Most states set payday loan amounts to a range between $300 and $1,000. However, some lenders will offer payday loans of up to $2,500.

Which payday loans have the fastest approvals?

Depending on what time and what day you apply you can usually get approved within minutes. However, approval and processing speeds vary by lender. Some can provide same-day funding while others can take a few days to clear. If speed is your main concern, visiting the physical location of a payday lender usually is the fastest way to get your money.

Which payday lenders have the lowest fees?

Payday loan fees vary considerably by state and lender. They range from $10 to $30 for every $100 borrowed. A fee of $15 per $100 is common. This is the equivalent of a 400% APR for a two-week loan. So, for example, if you need to borrow $300 before your next payday, it would cost you $345 to pay it back, if the fee is $15 per $100.

One of the advantages of using SuperMoney's payday loan reviews is they provide you with the equivalent APR of payday loan fees so you can compare them to other credit options. The

In some states, lenders can also charge a late fee if you don't pay your payday loan on time. Remember your bank or credit union may also charge you a fee if your check bounces or if an electronic authorization is not paid because you lack the funds.

Rollover fees are another consideration when comparing the cost of payday loans. In some states, lenders can extend the due date of your loan for a fee, which is called a rollover fee. This fee is added to your balance, which must be paid in full by the next payday cycle.

How can I find payday loans near me?

SuperMoney's payday loan reviews and comparison tools make it easy to filter payday loan companies by the states in which they operate. Select your state and any other must-have requirements in your payday loan search. Some lenders only operate online and you'll need to transfer the money to a bank account. Other companies have a wide network of payday loan storefronts, which can often process a payday loan application faster than online lenders.

How can you determine whether a payday lender is safe?

Payday loans are expensive, but as long as lenders abide by state laws, they are safe. Browse vetted online payday lenders below. Always check what other borrowers say in our payday loan reviews before you ask for a loan.

Do payday loans have a fixed or variable rate?

In most cases, payday loans have a fixed fee and repayment period, which is the equivalent of a fixed rate loan.

Are payday loans secured or unsecured?

Payday loans are unsecured loans. Unlike mortgages, most auto loans, and pawn shop loans, payday loans do not require collateral to secure the loan.

What's the easiest place to get a payday loan?

Payday lenders fall into two types: brick-and-mortar stores and online lenders.

  • Brick-and-mortar payday loan stores: Payments are issued in cash, in-store. Borrowers submit post-dated checks made out to lenders, which lenders deposit on the designated repayment date.
  • Online direct payday lenders: With direct online payday lenders, loans are issued and collected electronically as deposits and withdrawals to and from borrowers’ bank accounts. The process is executed through the Automated Clearing House (ACH) system.

Online payday loans follow the same principles as payday loans at brick-and-mortar institutions, except they are processed online and involve electronic deposits and repayments. It's easier to apply for an online payday loan, but you will usually have to wait longer to access your money.

What do you need to qualify for a payday loan?

How do you qualify for a payday loan? Can you get one without a checking account, reference, credit score, id, or pay slip? Here's what you need to know.

To take out a payday loan, you'll need:

  • Proof of income (not necessarily employment).
  • Proof of an open and active checking account.
  • Valid government-issued identification.
  • To meet the minimum age requirement.

While these are the general requirements and exclusions, terms vary by lender.

You can't get a payday loan if you are a member of the Armed Forces (or a dependent of one).

Can you apply for a payday loan during bankruptcy proceedings?

While it may be possible in some cases, you can get in trouble with your trustee if you take out a payday loan without court permission. If that happens, you run the risk of having your case dismissed and thrown out of bankruptcy court.

Payday loans and your credit

Many people wonder how payday loans work and if credit is involved. Frequently asked questions include:

  • Do payday loans check credit?
  • Will payday loans affect my credit score and credit report?
  • Can payday loans report to credit bureau?

Do payday lenders check your credit?

Brick-and-mortar payday lenders typically don't do a credit check, but online payday lenders sometimes perform a credit check.

Will your payday loan affect your credit?

According to the Consumer Financial Protection Bureau (CFPB), payday lenders don't usually report to the credit bureaus. That means that no matter how reliable you are with your payments; it won't raise your credit. However, if you default on the payment and the account gets turned over to a collection agency, that may appear on your credit.

What is the best payday loan for bad credit?

The best payday loans for bad credit is the payday loan you qualify for and that you can afford to pay back without incurring late fees. Obviously, a lot depends on how much you want to borrow and what terms you require.

Some lenders advertise "no credit check" payday loans. Although some lenders don't perform credit checks, the term usually means the lender does not perform a hard pull on your credit. Unlike hard credit pulls, which can ding your credit score by a few points, soft credit pulls are only visible to you and will not hurt your credit score.

Other lenders advertise "no-credit-check" because they check your financial history using alternative credit reporting agencies outside of the three national credit bureaus (Experian, TransUnion, and Equifax).

Use the filters below to narrow down your best options. Check the payday loan reviews and complaints to see what previous customers say about their customer service.

Can you get denied for a payday loan?

It is easier to qualify for a payday loan than practically any other source of credit, but that doesn't mean you're guaranteed an approval. It is possible to get denied for a payday loan if you can't verify your source of income or you have a history of not paying back loans.

Can payday loans go to collections?

Yes, payday loans can absolutely go to collections if you do not repay them according to the terms and conditions.

Can payday lenders sue you?

If you don't repay your payday loan, the lender can sue you. They can also hand off the account to a collections agency that can also sue you. If a judgment is successfully filed against you, the lender or collection agency can pursue other means of collecting your debt, such as wage garnishment.

Whether they do so depends on your lender and your specific circumstances. If you stay in contact with the lender or collection agency and try to work out a payment agreement, they are much less likely to sue you.

Can payday loans be included in a bankruptcy?

Generally, payday loans can be included in a bankruptcy filing, as they are unsecured debts.

Can payday lenders garnish your tax refund?

Federal law only allows state and federal government agencies to garnish a tax refund as payment toward a debt. However, once the refund is in your bank account, payday lenders may be able to access the funds, depending on your state laws.

Can payday lenders file criminal charges?

Criminal charges cannot be filed against you for failing to repay a payday loan. However, if you're sued and you fail to appear in court, you can face criminal charges.

Can payday loans garnish social security benefits?

Social security benefits are exempt from garnishment by private creditors in most cases. However, the funds may be accessible once they hit your bank account. Laws vary by state.

Will payday loan lenders work with you or settle?

If you are at risk of defaulting on a payday loan, most payday lenders will attempt to work with you. However, proceed with caution. Payday lenders are often willing to roll over balances and extend terms but there are expensive fees to consider.

A better approach may be to try to settle for less than the total amount due. If your payday lender won't settle, you may have better luck once they've handed the loan off to a collection agency. However, collection accounts can stay on your credit report for up to seven years.

Will payday lenders freeze interest?

In most cases, payday loan lenders will not freeze the interest. Default rates are high with payday loans so lenders are unlikely to waive fees and interest when a borrower can afford to pay them. Having said that it is generally best to talk to your lender and negotiate when you can't afford to make a payment.

Can payday loans be consolidated?

Payday loans can be consolidated. However, for those with poor credit, it may be difficult to get approved for a consolidation loan.

You can find out in a few minutes if you qualify for one here.

Where are payday loans available?

Payday loan regulations vary by state. Each state decides whether to offer payday loan licenses. Individual states also set the maximum loan amounts, maximum loan terms, and permitted finance charges. Use the filters below to see which lenders are available in your state.

How to check whether a payday loan company is a scam?

First, determine if the payday lender is licensed to operate in your state. The Federal Trade Commission (FTC) requires lenders to register in the states where they do business. If you have any doubts about a lender, it's a good idea to get in touch with your state attorney general's office and find out whether the lender is registered in your state. Some states prohibit payday lending altogether.

The table below provides a summary of the state payday loan regulations

Second, check what other borrowers say about a lender in SuperMoney's payday lender reviews. A pattern of unresolved complaints is a classic red flag for a scam.

Finally, look out for unscrupulous business practices often used by scammers, such as guaranteeing a loan approval or requiring upfront payments to "process" your loan. Not having a physical address or having a website that isn't secure are other telltales you should look out for when comparing payday loan companies.

What should you consider when shopping for a payday loan?

If you determine a payday loan is the best option for you, follow these tips to minimize the cost.

  • Use SuperMoney's comparison tools to filter the list of payday lenders below.
  • Shop around for the lowest available fees.
  • Borrow only what you need and repay the loan as soon as possible.
  • Avoid loans with excessive administrative fees or prepayment penalties.
  • Check out payday loan company reviews before providing personal or financial information.

Find out if you qualify for personal loan with better terms here before you apply for a payday loan. It won't hurt your credit score, and you can get competing offers from leading lenders in minutes.

Compare Payday Loans

Are you considering a payday loan? SuperMoney's free payday loan company reviews and comparison tools can help you find the best option available. Read on to learn everything you need to know about payday loans.

First, payday loans are an expensive source of credit. Only consider them in an emergency and if you don't qualify for lower cost sources of credit, such as personal loans and credit cards.

Find out if you qualify for better rates with a personal loan here before you apply for a payday loan. It won't hurt your credit score, and you can get competing offers from leading lenders in minutes. Other alternatives to consider are getting a side job or selling (or pawning) things you no longer need.

If payday loans are your best borrowing option, it’s important to understand how payday loans work. This will help you get the best possible deal and avoid payday loan scams.

What is a payday loan and how do they work?

Payday loans, also known as check loans, and cash advance loans, are short-term, high-cost loans that are typically due on your next payday. Depending on where you live, payday loans may be available through storefront payday lenders or online.

Key comparison data for payday loans:

  • Length of the term: The average loan term spans about two weeks.
  • Loan amounts: The average loan amount ranges from $100 to $1,000 (depending on state laws).
  • Finance charges Finance charges range from $10 to $30 to borrow $100 (390% to 780% APR).

Payday loans are secured by a personal check from the borrower, or by electronic access to the borrower's bank account. In the case of the check, the borrower writes the amount borrowed, plus the cost of borrowing.

When the pay date comes, the lender cashes the borrower's check or withdraws the amount from their bank account. If you can't afford to pay in full, some lenders offer longer-term installment repayment plans or allow you to roll it over to your next payday if you pay additional fees.

What are the key features to consider when comparing payday loans?

The key features to consider when comparing payday loan reviews are:

  • Loan amounts.
  • Rates & fees.
  • Eligibility requirements.
  • Availability - Payday loans are not available in every state.
  • Direct deposit to your account.
  • Instant approval decision.

SuperMoney's payday loan reviews and comparison tools allow you to filter payday loans by those features. That way you can be sure you're getting the best possible deal.

These are the questions you should be asking when shopping for a payday loan.

How much money can I borrow with a payday loan?

The exact amount will vary depending on your state's laws and your income. Most states set payday loan amounts to a range between $300 and $1,000. However, some lenders will offer payday loans of up to $2,500.

Which payday loans have the fastest approvals?

Depending on what time and what day you apply you can usually get approved within minutes. However, approval and processing speeds vary by lender. Some can provide same-day funding while others can take a few days to clear. If speed is your main concern, visiting the physical location of a payday lender usually is the fastest way to get your money.

Which payday lenders have the lowest fees?

Payday loan fees vary considerably by state and lender. They range from $10 to $30 for every $100 borrowed. A fee of $15 per $100 is common. This is the equivalent of a 400% APR for a two-week loan. So, for example, if you need to borrow $300 before your next payday, it would cost you $345 to pay it back, if the fee is $15 per $100.

One of the advantages of using SuperMoney's payday loan reviews is they provide you with the equivalent APR of payday loan fees so you can compare them to other credit options. The

In some states, lenders can also charge a late fee if you don't pay your payday loan on time. Remember your bank or credit union may also charge you a fee if your check bounces or if an electronic authorization is not paid because you lack the funds.

Rollover fees are another consideration when comparing the cost of payday loans. In some states, lenders can extend the due date of your loan for a fee, which is called a rollover fee. This fee is added to your balance, which must be paid in full by the next payday cycle.

How can I find payday loans near me?

SuperMoney's payday loan reviews and comparison tools make it easy to filter payday loan companies by the states in which they operate. Select your state and any other must-have requirements in your payday loan search. Some lenders only operate online and you'll need to transfer the money to a bank account. Other companies have a wide network of payday loan storefronts, which can often process a payday loan application faster than online lenders.

How can you determine whether a payday lender is safe?

Payday loans are expensive, but as long as lenders abide by state laws, they are safe. Browse vetted online payday lenders below. Always check what other borrowers say in our payday loan reviews before you ask for a loan.

Do payday loans have a fixed or variable rate?

In most cases, payday loans have a fixed fee and repayment period, which is the equivalent of a fixed rate loan.

Are payday loans secured or unsecured?

Payday loans are unsecured loans. Unlike mortgages, most auto loans, and pawn shop loans, payday loans do not require collateral to secure the loan.

What's the easiest place to get a payday loan?

Payday lenders fall into two types: brick-and-mortar stores and online lenders.

  • Brick-and-mortar payday loan stores: Payments are issued in cash, in-store. Borrowers submit post-dated checks made out to lenders, which lenders deposit on the designated repayment date.
  • Online direct payday lenders: With direct online payday lenders, loans are issued and collected electronically as deposits and withdrawals to and from borrowers’ bank accounts. The process is executed through the Automated Clearing House (ACH) system.

Online payday loans follow the same principles as payday loans at brick-and-mortar institutions, except they are processed online and involve electronic deposits and repayments. It's easier to apply for an online payday loan, but you will usually have to wait longer to access your money.

What do you need to qualify for a payday loan?

How do you qualify for a payday loan? Can you get one without a checking account, reference, credit score, id, or pay slip? Here's what you need to know.

To take out a payday loan, you'll need:

  • Proof of income (not necessarily employment).
  • Proof of an open and active checking account.
  • Valid government-issued identification.
  • To meet the minimum age requirement.

While these are the general requirements and exclusions, terms vary by lender.

You can't get a payday loan if you are a member of the Armed Forces (or a dependent of one).

Can you apply for a payday loan during bankruptcy proceedings?

While it may be possible in some cases, you can get in trouble with your trustee if you take out a payday loan without court permission. If that happens, you run the risk of having your case dismissed and thrown out of bankruptcy court.

Payday loans and your credit

Many people wonder how payday loans work and if credit is involved. Frequently asked questions include:

  • Do payday loans check credit?
  • Will payday loans affect my credit score and credit report?
  • Can payday loans report to credit bureau?

Do payday lenders check your credit?

Brick-and-mortar payday lenders typically don't do a credit check, but online payday lenders sometimes perform a credit check.

Will your payday loan affect your credit?

According to the Consumer Financial Protection Bureau (CFPB), payday lenders don't usually report to the credit bureaus. That means that no matter how reliable you are with your payments; it won't raise your credit. However, if you default on the payment and the account gets turned over to a collection agency, that may appear on your credit.

What is the best payday loan for bad credit?

The best payday loans for bad credit is the payday loan you qualify for and that you can afford to pay back without incurring late fees. Obviously, a lot depends on how much you want to borrow and what terms you require.

Some lenders advertise "no credit check" payday loans. Although some lenders don't perform credit checks, the term usually means the lender does not perform a hard pull on your credit. Unlike hard credit pulls, which can ding your credit score by a few points, soft credit pulls are only visible to you and will not hurt your credit score.

Other lenders advertise "no-credit-check" because they check your financial history using alternative credit reporting agencies outside of the three national credit bureaus (Experian, TransUnion, and Equifax).

Use the filters below to narrow down your best options. Check the payday loan reviews and complaints to see what previous customers say about their customer service.

Can you get denied for a payday loan?

It is easier to qualify for a payday loan than practically any other source of credit, but that doesn't mean you're guaranteed an approval. It is possible to get denied for a payday loan if you can't verify your source of income or you have a history of not paying back loans.

Can payday loans go to collections?

Yes, payday loans can absolutely go to collections if you do not repay them according to the terms and conditions.

Can payday lenders sue you?

If you don't repay your payday loan, the lender can sue you. They can also hand off the account to a collections agency that can also sue you. If a judgment is successfully filed against you, the lender or collection agency can pursue other means of collecting your debt, such as wage garnishment.

Whether they do so depends on your lender and your specific circumstances. If you stay in contact with the lender or collection agency and try to work out a payment agreement, they are much less likely to sue you.

Can payday loans be included in a bankruptcy?

Generally, payday loans can be included in a bankruptcy filing, as they are unsecured debts.

Can payday lenders garnish your tax refund?

Federal law only allows state and federal government agencies to garnish a tax refund as payment toward a debt. However, once the refund is in your bank account, payday lenders may be able to access the funds, depending on your state laws.

Can payday lenders file criminal charges?

Criminal charges cannot be filed against you for failing to repay a payday loan. However, if you're sued and you fail to appear in court, you can face criminal charges.

Can payday loans garnish social security benefits?

Social security benefits are exempt from garnishment by private creditors in most cases. However, the funds may be accessible once they hit your bank account. Laws vary by state.

Will payday loan lenders work with you or settle?

If you are at risk of defaulting on a payday loan, most payday lenders will attempt to work with you. However, proceed with caution. Payday lenders are often willing to roll over balances and extend terms but there are expensive fees to consider.

A better approach may be to try to settle for less than the total amount due. If your payday lender won't settle, you may have better luck once they've handed the loan off to a collection agency. However, collection accounts can stay on your credit report for up to seven years.

Will payday lenders freeze interest?

In most cases, payday loan lenders will not freeze the interest. Default rates are high with payday loans so lenders are unlikely to waive fees and interest when a borrower can afford to pay them. Having said that it is generally best to talk to your lender and negotiate when you can't afford to make a payment.

Can payday loans be consolidated?

Payday loans can be consolidated. However, for those with poor credit, it may be difficult to get approved for a consolidation loan.

You can find out in a few minutes if you qualify for one here.

Where are payday loans available?

Payday loan regulations vary by state. Each state decides whether to offer payday loan licenses. Individual states also set the maximum loan amounts, maximum loan terms, and permitted finance charges. Use the filters below to see which lenders are available in your state.

How to check whether a payday loan company is a scam?

First, determine if the payday lender is licensed to operate in your state. The Federal Trade Commission (FTC) requires lenders to register in the states where they do business. If you have any doubts about a lender, it's a good idea to get in touch with your state attorney general's office and find out whether the lender is registered in your state. Some states prohibit payday lending altogether.

The table below provides a summary of the state payday loan regulations

Second, check what other borrowers say about a lender in SuperMoney's payday lender reviews. A pattern of unresolved complaints is a classic red flag for a scam.

Finally, look out for unscrupulous business practices often used by scammers, such as guaranteeing a loan approval or requiring upfront payments to "process" your loan. Not having a physical address or having a website that isn't secure are other telltales you should look out for when comparing payday loan companies.

What should you consider when shopping for a payday loan?

If you determine a payday loan is the best option for you, follow these tips to minimize the cost.

  • Use SuperMoney's comparison tools to filter the list of payday lenders below.
  • Shop around for the lowest available fees.
  • Borrow only what you need and repay the loan as soon as possible.
  • Avoid loans with excessive administrative fees or prepayment penalties.
  • Check out payday loan company reviews before providing personal or financial information.

Find out if you qualify for personal loan with better terms here before you apply for a payday loan. It won't hurt your credit score, and you can get competing offers from leading lenders in minutes.

Loading results...

Product

Reviews

Loan Amount

Loan Fee

Minimum Monthly Income

Additional Details

Product Website

LendUp Loans

LendUp Loans

20
 
16
40 total votes
Loan Amount $100 - $500     $50 $5K
Loan Fee $17 - $44     $5.36 $540
Minimum Monthly Income N/A Minimum Monthly Income
  • Direct Deposit
  • Instant Decision
  • Online Application
Show Additional Details
  • Direct Deposit
  • Instant Decision
  • Online Application

Get Competing Loan Offers

Compare real offers from multiple lenders.

It's quick, free and won’t hurt your credit score

Check Into Cash Payday Loans

Check Into Cash Payday Loans

6
 
23
29 total votes
Loan Amount $100 - $1.5K     $50 $5K
Loan Fee $15 - $79     $5.36 $540
Minimum Monthly Income $1,000 Minimum Monthly Income
  • Direct Deposit
  • Instant Decision
  • Online Application
Show Additional Details
  • Direct Deposit
  • Instant Decision
  • Online Application
Check City Payday Loans

Check City Payday Loans

17
5
 
25 total votes
Loan Amount $100 - $2.5K     $50 $5K
Loan Fee $20 - $100     $5.36 $540
Minimum Monthly Income N/A Minimum Monthly Income
  • Direct Deposit
  • No Credit Check
  • Online Application
Show Additional Details
  • Direct Deposit
  • No Credit Check
  • Online Application
Credit Ninja Payday Loans

Credit Ninja Payday Loans

Rating not yet determined

4 total votes
In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Loan Amount $250 - $500     $50 $5K
Loan Fee $62.50 - $125     $5.36 $540
Minimum Monthly Income N/A Minimum Monthly Income
CashNetUSA Payday Loans

CashNetUSA Payday Loans

10
 
18
29 total votes
Loan Amount $100 - $1.5K     $50 $5K
Loan Fee $15.49 - $375     $5.36 $540
Minimum Monthly Income $1,000 Minimum Monthly Income
  • Direct Deposit
  • Instant Decision
  • No Credit Check
  • No Other Outstanding Loans
  • Online Application
Show Additional Details
  • Direct Deposit
  • Instant Decision
  • No Credit Check
  • No Other Outstanding Loans
  • Online Application
Speedy Cash Payday Loans

Speedy Cash Payday Loans

14
 
40
55 total votes
Loan Amount $100 - $1.5K     $50 $5K
Loan Fee $5.36 - $420     $5.36 $540
Minimum Monthly Income N/A Minimum Monthly Income
  • Direct Deposit
  • No Credit Check
  • Online Application
Show Additional Details
  • Direct Deposit
  • No Credit Check
  • Online Application