Speedy Cash offers quick approvals for payday loans and also has the option to receive your money on a prepaid debit charge if you do not want the money deposited directly into your checking account. The OptPlus Visa Card Speedy Cash can be used for direct deposit and can also be loaded for free at any Speedy Cash or Rapid Cash location. The card comes with a banking account and routing number and you can also download the opt+ mobile app to check your balance, track spending or to deposit checks.
If you choose to have the money directly deposited into your bank account, after approval you will have the money deposited in your bank account on the next business day. You have 24 hours within taking out the loan to change your mind and receive a full refund.
Payday loans are available for up to $350 and are available online or at Speedy Cash locations. Other financial services available from Speedy Cash include title loans, check cashing, lines of credit, installment loans, loans by phone, prepaid debit cards, cash for gold, money transfers and money orders.
If for any reason, you are unable to make your payment when it comes due, Speedy Cash gives you the option to enter into an extended payment plan once every twelve months where you can skip a month’s payment. However, you must make the request before your payment comes due.
LendUP is a unique payday loan lender which allows you to build up your credit, but only in states where it’s allowed. As you pay a loan off, you become eligible to borrow a larger amount with subsequent loans. It offers points for paying loans on time, taking educational courses or for sharing testimonials with others about your LendUP experience. The annual percentage rates are well below the industry standard for payday loans and decrease as you build your credit score.
An initial payday loan with LendUP is available in amounts from $100 to $350. An example of an initial loan would be a $200 loan financed for 14 days with an APR of 458.86 percent with a repayment amount of $235.20. You do not have to have good credit to qualify for a loan and credit decisions are instant, 24/7.
LendUP also has a new program in beta that offers you a secured VISA credit card that is backed by your own deposit. On the website, you can join a waitlist to receive a credit card. The idea of LendUP is to help customers build their credit, improve overall financial health and break out of the debt cycle.
CashNetUSA offers online payday loans in amounts of up to $300. You can receive an immediate approval and have funds deposited into your account as soon as the next business day.
CashNetUSA offers something unique to customers in the form of savings discounts for products and services including discounts for restaurants and tax services. Another added perk of being a CashNetUSA customer is access to free financial education courses to help you learn how you can improve your credit.
If you are unable to pay your CashNetUSA loan payment on the day it is due, you can request to extend your loan or request a payment arrangement if loan extensions are legal in your state.
Loan amounts from OppLoans are available for amounts up to $4,000. The installment loans available through OppLoans are available at a maximum APR of 199% which is considerably less than the industry standard of 400 percent for a payday loan. There are fast approvals, usually within minutes of applying online and upon approval; you can have the money deposited into your banking account by the next business day. According to information on the website, applying for an OppLoan will not affect your FICO credit score.
Getting approved for an OppLoan can help you establish and rebuild your credit since the company reports to all three credit bureaus. OppLoans are available in terms of up to 36 months with no prepayment fees. You also do not need collateral such as a car title to borrow money. Existing customers rate OppLoans with a 4.95 out of 5 stars rating on Google and 4.8 out of 5 stars on Facebook.
Loans through RISE are available in amounts from $500 to $5,000. While initial loans through RISE may be given at a higher APR, by consistently paying back loans on time, eventually you can qualify for a loan at 36 percent APR. If you are approved for a loan, you can receive funding by the next business day.
If you pay your loan payment early, you can earn extra rewards to apply to a discount toward your next loan. With RISE, you have 5 business days to change your mind without a penalty if you decide you do not want the loan. RISE offers financial educational tools and “Free Credit Score Plus” where you can check your TransUnion credit score and receive free credit alerts.
ACE Cash Express has been in business for 50 years and offers payday loans in California, Florida, Idaho, Kansas, Louisiana, Minnesota, Ohio and Texas available online, by phone or in one of the physical ACE Cash Express locations. You can choose to pick up your cash in a store location or have the money deposited into your bank account the next business day after your loan is approved.
Loan amounts vary from state to state and are available in amounts from $100 up to $1,500. Depending on your state, you may be able to refinance your loan if you are unable to make a payment that is due. For online customers, this involves logging into your online account and applying to refinance your loan. In-store customer may visit a physical store location to discuss eligibility for a payment plan.
In addition to a traditional payday loan, you can also obtain an installment loan, title loan, a Metabank card, Prepaid Visa debit card, check cashing services and ATMs at over 950 locations.
With ACE Cash Express online payday loans, you have the option to change your mind within 72 hours of obtaining your payday loan to receive a full refund of your money without any penalties charged. ACE Cash Express also has a mobile application where you can access your account to check your balance, see recent transactions and find the nearest store location.
The 6 Best Online Payday Loans to Get in 2018
In a financial pinch? Get cash in a hurry
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Online payday loan lenders are available to people who are looking for a way to fund their short-term financing needs. There are many considerations to obtaining a payday loan and a lot of thought should be given to each before making pursuing one of these loans.
You should not use payday loans as an option for fast spending cash. The annual percentage rate on a payday loan is way above most other loans, often ranging from 300 to 500 percent and sometimes even more. Payday loans should be used for emergency situations only such as an immediate need like a car repair or emergency medical care. If you need to make a large purchase but do not have the cash, it is okay to consider taking out a payday loan, as long as you are sure you will be able to repay the money quickly.
It is usually very easy and quick to get approved for a payday loan and receive the funds. Bad credit or no credit is normally not a problem for getting approved. When you do not have any other options, payday loans direct lenders can quickly provide you with emergency cash.
However, these types of loans are not legal in every state and the eligibility requirements along with the amount you can borrow are regulated by state laws and varies from state to state. Eligibility requirements will vary from lender to lender, but you generally need to be employed and have a bank account to qualify for a payday loan.
We’ve done some searching and came up with a few of the best online payday loan lenders that are great choices for a short-term finance loan.