Top 9 Trusted Payday Lenders for Quick Emergency Cash
When unexpected expenses arise, having a trusted payday lender at hand can be a lifesaver. We've compiled a list of the top 9 online payday lenders that offer quick approval and flexible repayment terms. Whether it's a car repair, medical bill, or any other emergency, these lenders can provide the cash you need, often in as little as 24 hours. Explore your options and make an informed choice.
Payday loans can be a useful financial tool for those in need of quick cash to cover unexpected expenses or emergencies. However, not all payday lenders are created equal, and it's challenging to determine the lenders offer fair rates and reliable services.
To help you decide, we have compiled a list of the 9 best payday lenders available today. We have evaluated each lender based on factors such as interest rates, loan terms, and customer reviews to provide you with a comprehensive guide to the best online payday loans for your financial needs.
Whether you are in a pinch and need cash fast or are simply looking for a reliable lender, our list has got you covered.
Check 'n Go
Check 'n Go is a national chain of payday loan stores that operates in 16 states. In addition to payday loans, they also offer installment loans, prepaid debit cards, and check cashing services.
Customers can apply for a loan online or in-store, and funds can be available as soon as the same day. Check 'n Go also offers a rewards program that allows customers to earn points for each loan they take out, which can be redeemed for discounts on future loans.
Terms
- Loan amount. You can get a loan from $100 to $1,500, depending on your state.
- Repayment term. Loan terms for Check 'n Go loans range from 2 to 4 weeks.
- Funding time. Funds for payday loans are deposited by the following business day if you apply online and sometimes distributed as soon as the same day at our retail store locations.
- Availability. Check `n Go offers online payday loans in Alabama, California, Delaware, Florida, Idaho, Indiana, Kansas, Maine, Michigan, Missouri, North Dakota, South Carolina, Texas, Utah, Wisconsin, and Wyoming.
Pros
- Fast approval. Funds can be available as soon as the next business day if approved.
- Available for bad credit. Your payday loan can be approved even if your credit score is poor.
- Good rating. The company has an A+ rating on Better Business Bureau.
Cons
- High APRs. The interest rates for payday loans online from Check' n Go can range from 456.25% to 1,520.83%.
- Limited availability. You cannot get a Check 'n Go loan in every state. The company offers payday loans online in 16 states and in person in 10 states.
- Limited loan amounts. The loan amounts for payday loans depend on your state of residence. You can borrow a maximum of $1,500 with Check 'n Go.
Requirements
To submit an application for a loan, you'll need the following:
- Valid and working phone number.
- Proof of most recent income information.
- Valid US. Government-issued photo ID or driver's license.
- Proof of routing and account number from an open and active check account must be active for at least 30 days.
- Official documentation of Social Security Number (AL, IN, OK only).
Compare best personal loans for you today! Apply for a loan with free credit check.
Fast Payday Loans, Inc.
Fast Payday Loans Florida Inc. is a lender that operates solely in the state of Florida. They offer payday loans, car title loans, and installment loans. Customers can apply for a loan online or in-store, and funds can be available as soon as the same day. Fast Payday Loans Florida Inc. does not offer a rewards program or check cashing services.
Terms
- Loan amount. You can get a loan from $100 to $1,000, depending on your state of residence.
- Repayment term. Loan terms for Fast Payday Loans Florida Inc. loans range from 2 to 4 weeks.
- Funding time. The whole process could take 30 minutes, and you could get same-day cash.
- Availability. Fast Payday Loans Florida Inc. offers payday loans in Pensacola, Marianna, Palatka, Lake City, Bellview, West Palm Beach, Miami, Gainesville, Ft. Myers, Quincy, Hialeah, Tallahassee, Ocala, Crestview, Jacksonville, and Ft. Walton Beach.
Pros
- No credit check. The company doesn't check your credit score, so people can apply for bad credit loans.
- Fast approval. You can be approved in just 30 minutes after you submit an application form.
Cons
- Limited availability. Payday loans are only available in Florida. Residents of other states cannot get the loans.
- High interest rates. Payday loans have high interest rates exceeding 300%.
Requirements
To apply for a payday loan, you will need the following items:
- Driver's License or State Issued I.D.
- A blank check from the active checking account in your name.
- Your most recent pay stub.
The company welcomes all credit, so you can fill out our online request form.
ACE Cash Express
Ace Cash Express is an online payday loan lender that has been in business for over 50 years and offers payday loans, installment loans, title loans, and lines of credit to customers in 23 states. Customers can apply for a loan online or in-store, and funds can be available as soon as the same day. Ace Cash Express also offers prepaid debit cards, check cashing, and other financial services. They are a larger lender with a well-established brand, and they have physical store locations as well as an online presence.
Terms
- Loan amount. You can get a loan from $50 to $2,000, depending on your state of residence.
- Repayment term. Loan terms for ACE Cash Express payday loans range from 9 to 35 days.
- Funding time. The whole process could take 30 minutes, and you could get same-day cash.
- Availability. You can apply for online payday loans in California, Idaho, Kansas, Louisiana, Minnesota, and Texas. In-store payday loans are available in California, Florida, Indiana, Kansas, Louisiana, Minnesota, Missouri, Oregon, South Carolina, and Tennessee.
Pros
- Limited loan amounts. Small loans are available between $50 and $2,000.
- Cancellation. You can cancel the loan within 72 hours.
Cons
- High APRs. APRs are high and can be over 300%.
- Limited availability. Not residents of all states can get a payday loan from ACE Cash Express.
Requirements
Depending on your state of residency, you may apply for a payday loan online or in person at an ACE Cash Express store location.
The online application process is simple. You will need to complete the payday loan application. This takes just a few minutes.
If approved, your loan proceeds are instantly delivered to your debit card or direct deposited into your bank account on the next business day, or you can pick up the cash the same day at one of the stores.
You can apply for a payday loan at the nearest ACE Cash Express store location. Use the Store Locator to find a store near you to apply in person. If approved, you can get cash immediately.
1F Cash Advance
1FirstCashAdvance is a newer lender that offers payday loans, installment loans, and lines of credit to customers in several states. Customers can apply for a loan entirely online, and funds can be available as soon as the next business day. 1FirstCashAdvance is an entirely online lender and does not have physical store locations. They have a network of lenders that they work with to find the best loan option for each customer.
Terms
- Loan amount. You can get a loan from $50 to $1,000, depending on your state of residence.
- Repayment term. Loan terms for 1F Cash Advance payday loans range from 7 to 35 days.
- Funding time. The whole process could take 30 minutes, and you could get same-day cash.
- Availability. You can apply for online payday loans in 24 states.
Pros
- Emergency loans. Payday loans are suitable for short-term financial needs.
- No collateral. These loans don't need collateral, so they are less risky for you.
- Soft credit check. ACE Cash Express doesn't pull your credit score from credit bureaus.
Cons
- High APRs. The interest rates on payday loans can be 375,93%.
- Limited availability. 1F Cash Advance cannot offer payday loans online where they are prohibited. Make sure your state allows payday loans before applying.
Requirements
The following requirements are considered for payday loans online:
- You must be 18 years old.
- You must have been employed for at least 3 months at the same company.
- You must have a stable income of at least $1,500 per month (proof of income, personal check, or recent bank statement).
- You must have an active email and phone number.
Speedy Cash
Speedy Cash is a lender that offers payday loans, installment loans, title loans, and lines of credit to customers in 10 states. Customers can apply for a loan online or in-store, and funds can be available as soon as the same day. Speedy Cash also offers check cashing, prepaid debit cards, and other financial services. They are a larger lender with a well-established brand and physical store locations in addition to their online presence.
Terms
- Loan amount. You can get a loan from $100 to $3,000, depending on your state of residence.
- Repayment term. Loan terms for Speedy Cash loans range from 2 to 4 weeks.
- Funding time. The company offers instant payday loans to a debit card if you apply online. If you apply in person, you can pick up cash at a nearby store.
- Availability. The company offers payday loans in Texas, California, Nevada, Arizona, Tennessee, Kansas, Alabama, Missouri, Louisiana, and Washington.
Pros
- Instant payday loan. Speedy Cash funds its loans instantly, you get money the same day.
- No prepayment penalty. If you want to repay your loan early, Speedy Cash won't charge a prepayment penalty.
- Automatic payments are allowed. You can set up auto payments, so it automatically deducts your payments from your bank account.
Cons
- High fees. The fee for a payday loan is from $15 to $20 per $100 borrowed. It will significantly contribute to your loan cost.
- Origination fee. In some states, the company may charge an origination fee.
Requirements
To apply for a payday loan with Speedy Cash, you need the following:
- Valid government-issued photo ID
- Working phone number
- Steady source of income
- Bank account.
Check City
Check City is a lender that offers payday loans, installment loans, and title loans to customers in several states. Customers can apply for a loan online or in-store, and funds can be available as soon as the next business day. Check City also offers check cashing, money orders, and other financial services. They are a smaller lender with fewer physical locations and a more limited online presence.
Terms
- Loan amount. You can get a loan from $100 to $2,500, depending on your state of residence.
- Repayment term. Loan terms for Check City loans range from 14 to 62 days.
- Funding time. Your funds will be deposited directly into your bank account in 24 hours or given to you in cash. Approval after 7 pm MT will be funded in 2 business days.
- Availability. The company offers payday loans in Colorado, Nevada, Utah, and Virginia in person. Online payday loan offers are available for Alabama, Alaska, California, Idaho, Kansas, Missouri, Nevada, Texas, Utah, Wisconsin, and Wyoming.
Pros
- Fast funding. Your funds will be available within 24 hours after the approval.
- Direct lender. Check City is licensed in each state it operates in and is the direct lender of the loans.
- Early payment is free. You can make prepayments and partial payments on a loan.
Cons
- High interest rates. Check City payday loans has fees ranging from $20 to $100. The annual percentage rate of those fees ranges from 182.5% to 912.5%.
- Limited availability. Your state of residency may not be included in the list Check City operates in.
Requirements
To apply for the loan, you will need the following:
- Basic Contact Information
- Government ID
- Social Security Number
- Check or Bank Statement
- Proof of Income.
LendNation
LendNation is a lender that offers payday loans, installment loans, and title loans to customers in several states. Customers can apply for a loan online or in-store, and funds can be available as soon as the same day.
LendNation also offers check cashing and other financial services. They are a smaller lender with physical store locations in addition to their online presence.
Terms
- Loan amount. You can get a loan from $25 to $1,000, depending on your state of residence.
- Repayment term. The term is available for 14 to 35 days.
- Funding time. Money is typically transferred within 30 minutes of loan approval and completion.
- Availability. The company offers payday loans in Idaho, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nevada, Oklahoma, Texas, Utah, and Wisconsin.
Pros
- Online payday loan. You can apply for a payday loan online from your home and receive funding.
- Easy funding. You can receive your money instantly on your debit card.
Cons
- High interest rates. The annual percentage rate can be up to 651.78%. Your payday loan interest rates will account for $250 if you take a $1,000 loan for 14 days.
- Not transparent. You will not know the terms upfront, only when you apply for the loan. This may be inconvenient for borrowers.
Requirements
To apply for a payday loan with LendNation, you will need the following:
- Current US-issued photo ID
- Verifiable source of income
- Bank statements from within the last 30 days
- Active checking account
- Current phone number.
Advance America
Advance America is a lender that offers payday loans, installment loans, title loans, and lines of credit to customers in 28 states. Customers can apply for a loan online or in-store, and funds can be available as soon as the same day. Advance America also offers prepaid debit cards, check cashing, and other financial services. They are a larger lender with a well-established brand and physical store locations in addition to their online presence.
Terms
- Loan amount. You can get a loan from $50 to $1,000, depending on your state of residence.
- Repayment term. Loan terms for Check City loans range from 2 to 4 weeks.
- Funding time. Online approvals before 10:30 am ET Monday through Friday are funded to your bank account by 5 pm ET the same day. Approvals after 10:30 am ET are funded in the morning the next banking day.
- Availability. Advance America is available in all states where payday loans are legal. It has its own stores, so you can also apply in person.
Pros
- Experience. Advance America has over 25 years of experience and is one of the leading providers of consumer financial services.
- Fast funding. You can receive money on the same day.
Cons
- High fees. The typical fee for an Advance America payday loan is $15 per $100 borrowed.
- Doesn't affect credit score. Payday loans don't help you build credit.
Requirements
To apply, you'll need the following items:
- Government-issued ID
- Source of income
- Checking account
- Social Security Number or ITIN (in-store only)
- A personal check is required in some states.
My Payday Loan
MyPaydayLoan is a lender that offers payday loans and cash advances to customers in several states. Customers can apply for a loan entirely online, and funds can be available as soon as the next business day. MyPaydayLoan is an entirely online lender and does not have physical store locations.
Terms
- Loan amount. You can get a loan from $200 to $1,000, depending on your state of residence.
- Repayment term. Loan terms for MyPaydayLoan loans range from 14 to 35 days.
- Funding time. If your payday loan application is received before 11:50 am EST Monday through Friday, you receive the funds the same day by 5 pm.
- Availability. The company offers payday loans in Alabama, Alaska, California, Delaware, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, Nevada, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, and Wyoming.
Pros
- Same-day funding. Your loan can be funded the same day if your loan is approved during working hours.
- Bad credit scores accepted. This company specializes in borrowers with bad credit and doesn't do a full credit check with the major bureaus. However, it does check with alternative databases like Teletrack or Telecheck.
Cons
- High fees. The fee for advancing a payday loan is $30 for every $100 borrowed. For example, if you borrowed $300, the fees would total $90.
- Limited availability. Payday loans are available in 21 states, so you may not be able to get the loan.
Requirements
These are the minimum requirements to be eligible to apply:
- You must be a US citizen
- You must be at least 18 years old
- You must be currently employed and have a verifiable income
- You must have an open and active checking account.
Compare best personal loans for you today! Apply for a loan with free credit check.
How to Find the Best Payday Loans?
If you have already made the decision to take out a payday loan, here are some steps you can follow to find the best option available to you:
- Research and compare lenders. Look for lenders who are licensed and registered to operate in your state. Compare the interest rates, fees, and terms of different lenders to find the best deal.
- Check reviews. Look for reviews of the lender online to see what other customers have experienced. You can also check with the Better Business Bureau to see if there have been any complaints filed against the lender.
- Understand the terms. Make sure you understand the terms of the loan, including the interest rate, fees, repayment schedule, and consequences for non-payment. Be sure to read the fine print and ask questions if you don't understand anything.
- Borrow only what you need. Avoid borrowing more than you can afford to repay. Payday loans are meant to be short-term loans to help you through a financial emergency, not a long-term solution for ongoing financial problems.
- Consider alternatives. If possible, consider alternatives to payday loans, such as borrowing from a friend or family member, negotiating with creditors, or applying for a low-interest loan from a credit union or bank.
Payday Loan Alternatives
If you're looking for alternatives to payday loans in the USA, here are some options to consider:
- Credit union loans. Credit unions offer personal loans with lower interest rates and fees than payday loans. They also typically have more flexible repayment terms and are more willing to work with borrowers who are experiencing financial difficulties.
- Personal loans from online lenders. There are many online payday loan companies that offer personal loans with competitive rates and no hidden fees. These loans can be a good option if you need money quickly and have good credit.
- Cash advance loan on credit cards. If you have a credit card, you may be able to get a cash advance. While the interest rates can be high, the personal loan rates are still typically lower than payday loan rates.
- Ask for a payment plan. Many creditors are willing to work out a payment plan with borrowers who are having trouble making payments. If you're struggling to make ends meet, reach out to your creditors and see if they can offer you a payment plan.
- Government assistance programs. There are many government assistance programs that can help you cover basic expenses like rent, food, and utilities. Check with your local government agencies to see what programs are available in your area.
Remember to always read the terms and conditions of any loan or credit product before signing a loan agreement, and make sure you can afford the payments.
FAQ
Can I get a payday loan with a low credit score?
It may be possible to get a payday loan with a low credit score, as many lenders who offer payday loans do not require high credit scores. However, having a low credit score could affect the terms of the loan, including the interest rate and fees. The lower your credit score, the higher the interest rate and fees you may be charged for a payday loan.
Keep in mind that payday loans are often associated with high interest rates and fees, which can make them difficult to repay and can lead to a cycle of debt. Before considering a payday loan, it's a good idea to explore other options, like borrowing from friends or family, negotiating with creditors, or applying for a low-interest loan from a credit union or bank.
What alternatives to a payday loan are available?
Do I need a bank account to receive a payday loan?
Many payday loan lenders require borrowers to have a checking account in order to qualify for a loan. This is because lenders often require a post-dated check or electronic access to the borrower's bank account as collateral for the loan.
However, some lenders may offer payday loans to borrowers without a bank account, but these loans may come with higher interest rates and fees. In addition, these lenders may require the borrower to provide alternative collateral, such as a car title or a prepaid debit card.
Can I get a short-term loan from a credit union?
Yes, credit unions do offer short-term loans to their members. These loans are typically called "payday alternative loans" and are designed to be more affordable and accessible than traditional payday loans.
Payday alternative loans are small-dollar loans, usually ranging from $200 to $1,000, with repayment terms of one to six months. They have lower interest rates and fees than payday loans, making them a more affordable option for borrowers in need of quick access to cash.
To obtain a payday alternative loan, you'll need to be a member of the credit union, meet the eligibility criteria, and complete an application process. Each credit union may have different requirements and processes for payday alternative loans, so it's best to contact your local credit union to learn more about their specific offerings.
Additional resources
To learn more about Online Payday Loans and best practices, check out some of the following resources:
- Understanding the Power of Interest Free Loans
- Emergency Loans for Quick and Reliable Financial Assistance
- Fast Loans for Quick and Convenient Financing
- Quick Loans: Fast and Easy Cash Solutions
- List of Online Payday Lenders: Find Reliable Lending Options
- Instant Payday Loans Online: Quick Cash Advances in Minutes
- Urgent Loans for Bad Credit: Quick Financing Solutions for Challenging Times
Sources
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