Payday Loans Online

Payday loans online: a fast-growing industry

Payday loans have been around for many decades, with different levels of success, popularity and customer trust. Luckily, borrowing money in this way is becoming safer by day. As of the early aughts, the government started paying careful attention to the payday credit storefront, and new laws were introduced to protect you as a customer against usury (unreasonably high fees).


The general approach to money lending has undergone major changes. Today, the industry is well regulated and therefore much safer. There is now a rigid system of rules reinforced by the government that makes the loans inexpensive. In the U.S., the federal laws applicable to cash advance businesses are regulated by Uniform Small Loan Laws (USLL).

Small salary loans exist side by side with other crediting systems. Depending on what your current situation is, you can be better off applying for a payday loan, or a credit from bank or a credit card.

Payday cash advance is your tool of choice if:

  • You need money overnight or even sooner
  • You don’t have a strong credit history
  • The sum of money you need is under $50,000
  • You can repay the debt in $30 days
  • You cannot provide a collateral for the loan

Personal unsecured loans have become a part of everyday life. They are usable, effective and readily available, and always in high demand. A cash advance can help patch up a situation where other solutions fail or are simply unavailable. The system of fast unsecured customer loans is very much like any other renting service, it is just that in this case you rent money, not a car or a set of tools. To “rent” this money, you pay a reasonable fee that differs from state to state and from one lender to another.

Speaking of fees that are applied to small dollar loans – in comparison to other forms of money lending, and in particular credit cards, taking out a payday loan is most likely to cost you much less than overdrafting your bank card. It is somewhat confusing that the charges for using an unsecured loan are given in annual percentage. However, one should understand that payday loans are a form of short-term money lending, and no one uses them for a year. In fact, it is illegal to lend money for more than 180 days, and in the majority of states this term is limited to 30 days. Many states limit or prohibit roll-overs (renewal of a loan).

Payday loans are the tool of choice for helping citizens face any unexpected financial challenges, be it healthcare bills, a breakdown of a costly but indispensable appliance, an unexpected trip or investing in a memorable family event. The added beauty of it is that lenders are never interested in what it is you are going to use the borrowed money for.


What are legit online payday loans?

Technically speaking, payday loans are legal throughout the country. However, in some states they are made impossible by the contradictory laws that make any form of money lending unprofitable and risky for lenders. One can only apply for a loan in the state of their registration.

Here is a breakdown of terms used in the industry for you to form a basic understanding how the money loaning industry functions:

  • Legal status: if money lending is allowed in a certain state. Can therefore be either legal or illegal
  • Citation: the jurisdiction document regulating the laws for payday loan businesses
  • Maximum loan amount: the maximal sum of money that is allowed for borrowing / lending
  • Loan term: the maximal duration of loan / the amount of time allowed for paying back the loan
  • Finance charge: total charges for using the product
  • APR: annual percentage rate applied to the product
  • Rollover: renewal of a loan for the same term as the initial loan
  • Cool-off period: the number of days required by law between two consecutive loans
  • Collection fees: charges applied in case of a late payment
  • Credit history: the markings made regarding the number of previous loans and repayment diligence

Payday loans are gaining popularity, and for a good reason. The government regulation of payday loans guarantees outstanding fair trade approach and security of small advances. It does not come as any surprise that the industry of lending money is experiencing a major upsurge. The popularity of payday loans is explained by its genuine benefits for customers.

In addition to that, thanks to the internet technologies, many tedious procedures linked to applying and getting approved for a loan are a thing of the past: today one can easily apply for their personal loan online and have a decision regarding it made within several hours, so that the money hits the borrower’s bank already the next day. As a rule, there is no thorough credit history check.

How do payday loans work online?


Cash lending has become user-friendly and affordable, but you nevertheless should shop around before you choose a lender. It is important to point out that, even though the entire industry fees and terms are regulated by the state laws, there are thousands of lending businesses within every state, and their rates differ significantly. Think grocery store prices: you know very well which of the vendors has the most attractive pricing policy, and which of them keep their markups high. If it is natural for you to opt for a cheaper grocery retailer, why should it be different when you are looking for a money-renting service?

With a little bit of legwork, one should be able to find a payday loan lender with the most attractive fees. Of course, this is easier said than done – checking and comparing how lender offers stake up with one another, even if you were to do that by phone or on the internet, would take up hours of your time.

Fortunately, there is a better solution: an automatized service that takes all of the legwork out of the equation, processing thousands of offers fitting your query within seconds, and coming up with the best-priced lending services that are already prepared to give you a whole-hearted “yes”. Welcome to the age of digital awareness!

The recent statistical studies report that 12 million of Americans resort to payday loans as their debt vehicle of choice, and this is out of 58% of citizens who constantly feel challenged by cash flow issues.

So how does that work in practice? Taking out a payday loan is in fact very simple:

  1. Find an online service comparing payday lenders.
  2. Answer basic questions about your query: your state, the amount required, your income, etc.
  3. Choose a lender with the best fees and proceed with the application.
  4. Fill out the information required by the lender: your name, age, social security number, your account details, address of registration, employment and / or income information. Your ID scan or photo will be required in some cases.
  5. Wait for the lender to get back to you with the decision.
  6. Receive your money a few hours later from one of the most trusted payday loan services online.

Online payday loans for bad credit - what is it?

To be precise, there is no such thing as no credit check loans. Your crediting history will always be checked, but even if it is less than stellar, it does not affect your chances of getting a payday loan. How’s so? Because today, like never before, there are plenty of lenders specializing in something called “bad credit history payday loans” online. What will be affected is the fees that you will be charged, the so-called “charge for risk”. In terms of one small loan, and given that you take it out for a short period of time and are certain of your repayment ability, you will not feel that much difference – remember that the fees are capped by the state legislation, so you are protected against usury at all times.

Payday loans direct lenders or brokers?

Before you apply, think this: to avoid expensive markups on your loan, seek direct loans from a lending service and avoid payday loan brokers. You do not want brokerage fees added to the sum of charges you will have to pay for your loan. It is also a way to get your money much faster and with fewer complications.

Payday loan brokers had their day when the industry regulations were much less efficient, and long before online money lending came into existence. Today, there is plenty of reliably automatized services that do the brokerage work – for free. If you are offered help finding a befitting cash advance lender for a fee, this is how you tell you are dealing with a broker; we suggest that you bounce off such a service immediately.

Payday loans laws in US

Here is an overview of the federal laws applied for money lending by state:

  • 37 states legalize payday loans and have statutes regulating the industry
  • 11 states have no specific jurisdiction applicable to payday loans; consumer loan caps are applied instead
  • The minimal loan cap is $350,00 in Louisiana
  • The maximal loan cap is $50,000 in Oregon

The list of states where payday loans are officially legalized – one can apply for a loan here given that the consumer is registered in the state:

  • Alabama
  • Alaska
  • California
  • Delaware
  • Florida
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Hampshire
  • New Mexico
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • South Dakota
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

In these jurisdictions, the laws regulating payday loan businesses are not as unilateral. There are regulations that create a very challenging environment for the industry, but the loans as such are not prohibited:

  • Connecticut
  • Guam
  • Maryland
  • Massachusetts
  • New Jersey
  • New York
  • Pennsylvania
  • Puerto Rico
  • Vermont
  • Virgin Islands
  • West Virginia

Finally, these are the states where payday loans are officially prohibited.

  • Arizona
  • Arkansas
  • District of Columbia
  • Georgia
  • North Carolina

What are benefits of payday loans?

When you positively have no idea where to turn for money, you can always count on a fast and guaranteed payday loan issued for you to address your financial needs. One cannot be expected to always be prepare for major expenditures with an income as low as $30,000 per year – and this is the exact kind of slack that lenders help you to pick up.

The advantages of taking out a payday loan are that they:

  • help face unexpected expenditures and situations
  • are fast and convenient
  • taken for a short term, they are cheaper than conventional debt vehicles
  • are regulated by state jurisdiction for the ultimate consumer protection
  • do not require for you to specify the purpose of your borrowing
  • can be conveniently applied for online
  • are guaranteed to anyone of legal age and with residence in the US
  • can be issued for borrowers with bad credit or no credit history
  • are readily available when other tools are not

About us


If you are currently looking for a short term loan with the lowest fees, you have come to the right place. Our service is hard-wired to help you find a lender ready to approve your application – at the most attractive price. The algorithm used at our website compares thousands of lenders within several seconds, getting back to you with the best offers that you can choose from. All absolutely free of charge!

Our company only quotes offers from the best and the most trusted lenders who are tried and true. We only deal with direct money lenders in the U.S., totally cutting any intermediary fees. Together, we generate the happiest customers.

For many years now, we have been offering our expertise in helping borrowers make the most economically sound choices, avoid pitfalls typical for inexperienced loan users, offering free advice on how to improve solvency and plan budget, all while performing our main task of connecting you with the industry’s most honest businesses. All this work happens seamlessly behind the scene, while all you have to do is fill out a short, comprehensible and totally anonymous electronic form.


Do you still have any questions concerning our services? Below, we have cited the most commonly asked questions with detailed answers to them, but we will also be happy to answer any specific question you have individually.

Click on the question to read the answer.

Payday loans are a system of consumer crediting that does not require any form of collateral, a feature that gave another way of referencing such financial vehicles – “unsecured payday loans”. A payday loan is issued regardless of the actual date of your next salary, the name deriving rather from the short term of use the loans are issued for. According to the U.S. legislation, which differs from state to state, borrowers can apply for loans that usually have to be repaid after 31 calendar days. The sums of money one can receive in terms of a payday loan in the U.S. range between $350 and $50,000, with the majority of states capping the lent sums at $500 or $1,000.
If you want to get your application approve within the shortest time frame, you should better have all the required documents ready. Make scan copies or high resolution pictures of your ID, employment contract, salary slips for the past 3 to 6 months, registration papers or utility bills, as these are the papers that are most commonly required by lenders. Remember that the more transparency you show to your potential lender, the higher your chances of instant approval.
How large your payday loan can be completely depends on the law regulations applicable in your state of registration. As a rule, the sums of money lent in terms of personal loans range between $500 and $1,000, but they will be as low as $350 if you are registered in Louisiana, or as high as $50,000 for the citizens of Oregon.

If you are looking for a payday loan lender while you are registered in the state where the regulations prohibit them, you should be wary of businesses that offer you to circumvent the legislation. Scam artists might engage a number of ploys with the purpose of usury or collecting payments on loans you have never even taken.

Your alternative to a payday loan in a state where they are illegal can be as follows:

  • Personal Loans
  • Secured and Unsecured Loans
  • Credit Union Loans
  • Credit Card Loans
  • Pawnbrokers
No, we don’t. The services we offer to customers are free of charge. This is why it is important to seek a direct money lender through a service like ours, rather than resorting to costly and unnecessary help of money lending brokers.
Yes, it is. As a matter of fact, the safety of the sensitive information you share with us is our number one priority. Our website has the cutting-edge data protection technologies that are regularly updated. We never share your information with any party other than money lenders, who also comply with the high standards of information protection imposed by the Federal Law.
Filling out the form does not bind you to proceed with applying for a loan or taking it out. You can view it as a query which has purely informational purposes. The information you will receive will help you have a clear understanding on what are your chances to get your application approved, what are the rates available for you, and other such matters.
Even if your credit history is short of perfect, you can still apply for a payday loan and get approved for one. The only difference will be the so-called “risk charges” - a slight markup in the fees applied to your lending product. This is done in order to hedge the interests of the lender.
No, you don’t have to use fax machine in order to send any documents to lending services. As a matter of fact, unsecured advances are sometimes referred to as “faxless payday loans”, a name that speaks for itself. However, you might be required to attach your ID scan or photo, and possibly some other documents required to prove your identity, employment status and / or solvency.
Unfortunately, taking out a loan when you have an outstanding debt is prohibited by law, and our service has to comply with the regulations. In some states a certain cool-off period between two loans taken back-to-back will also be required, and some states prohibit taking out more than several consecutive loans within a specified period of time. You need to look up the laws registered in the statutes that regulate payday loan lending in your state of registration.
No, we will not. Your application is totally confidential. We will never share the information you leave with us with anybody else but the lenders it is intended for.
In order to calculate the fees applicable to your loan, you will require the following information: the amount financed (the sum you are borrowing, for instance, $500), the charges per each $100 (for instance, 20%), and the term for which the money is lent (let’s take the average of 14 days). First, divide the sum you are borrowing by 5. Next, multiply your answer from the previous step by the per-hundred fee (5 x 20 = 100); these will be your total finance charges. Divide that amount by the amount financed (in our case, it is 100/500 = 0.2). Following that, multiply the result of the previous step by 365 (days in a year). The result 73 should the be divided by the number of days in your loan term. The round-up answer will be 5,214285; move the decimal coma by two places. The general APR is calculated, and in this specific case it is 521,43% (a slight round up).