•  Loans 

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The Industries

Lawsuits

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Loans History

A payday loan (also called payday advance, cash advance loan, small dollar loan, salary loan, payday advance, short term, or payroll loan) which are legal in only 27 of the States in the United States. 9 additional states are allowed a restricted form of payday loan through storefronts. payday loans are known to be primarily used by those without 4-year college degrees, and have less than $40,000 income per year and are often divorced or separated females. These types of loans are considered predatory in most jurisdictions and the small loans can take 6 months to a year for most borrowers to pay off resulting in some of the highest costs for credit. These loans typically have 400% APR or more. Alternatives are credit unions. payday loans are often priced around $15 per $100 borrowed for a 2 week term, which is about 390% APR. Compared to basic credit card rate of 10-20%, or mortgage rates that are now around 5% one can see even without a high school diploma that something might not be quite right. Some recent research has shown that online payday loans often cost even more, averaging around $24 per $100 lent if payed back in 2 weeks, which is over 600% APR rate. Low income alternatives to payday loans include pawnbrokers and credit unions. In 2013, research showed that many turn to these lower cost alternatives to pay off a payday loan. So if you are looking for easy access to a quick loan, consider either of these alternatives first - it may save you considerable money.

Before you get a payday loan consider:

Ruthless debt collectors
If you are unable to payback the loan, be prepared for some of the most ruthless collectors. The government protects how much this team can harass you, when and where, but don't expect them to all play by the rules. If you are fighting collections you will not be in a good position to keep this gang of thugs from playing by the rules.

Access to your bank account
Depending how you setup the loan, you may have just given the slimeballs access to your bank account! It is now really easy for them to just keep hitting your bank account electronically to suck the funds that you legally owe them out. No calls, no hunting you down, you really made it easy for them, and they will get their money.

Short term is easy
One reason payday loans are so popular is because of how EASY they are to get. If it's too good to be true, it probably is. well sometimes. In this case, consider that paying the money back may not be as easy as it was to get the loan. you can get in a big trap this way if you are not paying attention.

Financial bottomless hole
Once you get an easy loan, you may have to get another loan to pay back that last one. At huge 300-600% APR interest rates (houses are purchased at 5% interest rates for reference) you have now set your self up for a potentially years (plural) cycle to try and get yourself out. All the while paying what money you do get back to the bloodsuckers.

Extremely Expensive
If it is not extremely obvious by now - payday loans are extremely expensive for YOU in both the short and long term. They can be used successfully in the short term if you have the money to pay off as soon as possible, but more than likely you will be setup for a considerable expense. Do everything you can to limit this loan type and seek alternatives.

Credit Union Alternative
Not a lot of outgoing links in this mashup, but if you have made it this far, please visit a local credit union, you can find one here: https://www.ncua.gov

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PayDay Lenders

With that wonderful introduction proceed at your own risk to the following:
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100DayLoans
1 Hour Loans Direct
1st Money Center
3394

A

ACE Cash Express
ActionPayday
Advance America
AssurancePayday.com
AutoTitleLoans.com

B

BackOnTrackLoans.com
BadCreditLoans.com
Balance Credit
BetterCash
Big Picture Loans
Blue Trust Loans
BorrowJet.com
BorrowWhenYouNeedIt.com

C

Cash Central
Cash Kitty Loans
Cash Store
CashAdvance.com
CashAdvancedPayday
CashAdvanceMobile.com
Cashback Loans
CashLoansMax.com
CashNetUSA
CashUSA
Check 'n Go
Check City
Check Into Cash
Checkmate

E

Elastic
ExtraLend.com

F

Fast Cash Loans
Fig Loans
Finova Financial

G

Green Dollar Financial Services

H

HolidayCashQuick.com
HonestLoans

I

iCashLoans.com
InboxLoan

J

Jora

K

KwikCash

L

LendUp
LendYou
Lift Credit
LoanAtLast
LoanByPhone
LoanMart
LoanMax
LoanNow
LoanSolo.com

M

Max Cash Title Loans
MaxLend
Mobiloans
Money Mart
MoneyKey
MoneyLion
MoneyMutual
Montana Capital
MyPaydayLoan

N

National Payday
NetLoanUSA

O

OpenCashAdvance.com
Oportun
OppLoans

P

PaydayLoanToday
Payoff
Personal Money Store
Presto

R

RISE Credit
S

SecurePersonalLoans.com
Slam Dunk Loans
Snappy
Speedy Cash
Spotloan
Spotya!
Sun Loan Company
SWIFT

T

TitleMax
TriangleCash
TrustedLoanNetwork
TrustedPayDay.com
Turbo Title Loan

U

Upstart
USPayDayCashFast

W

WeDeliverCash.com

Z

Zingo Cash
Zip19
Zippy Loans

States that allow this type of lending

Alabama
Alaska
California
Delaware
Florida
Hawaii
Idaho
Kansas
Louisiana
Minnesota
Mississippi
Missouri
Nevada
New Mexico
North Dakota
Ohio
Oklahoma
Rhode Island
South Carolina
Tennessee
Texas
Utah
Washington
Wisconsin
Wyoming