Get up to $1,000 Bad Credit Payday Loan from a legit direct lender online. To find a reliable direct lender when you apply for a short-term small-dollar Payday Loan is really important. Rates, fees, and repayment terms mostly depend on the lending company. We give you some useful expert advice on how to choose the best and most reliable lender. 

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Table of Contents 

Payday Loans from top Direct Lenders

Payday Loans from direct lenders only, or brokers

Bad credit Payday Loans from the best direct lenders

Instant approval same day Payday Loans with no credit check from direct lenders

Reliable Payday Loan direct lenders online

Legal direct lenders vs scams

Best Payday Loan lenders review

What criteria should I use choosing a suitable lender?

Is it worth reading Payday Loans reviews?

What information can I find in a company review? Is it reliable?

Should I choose Payday Loans Direct Lenders Only?

Pros & Cons of Payday Loans companies operating online or in a store?

Is it worth applying for Payday Loans lenders offering no credit check loans?

What are the best companies for bad credit Payday Loans?

What are the best companies offering alternatives to payday loans?

TOP RATED COMPANIES

Rates last updated November 28th, 2020

LEND YOU

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

17,5%
MIN MPR

The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Greenlight Cash

$1000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varies by state
MIN MPR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Loan By Phone

$1500
Maximum Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

260.71%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Indylend

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

200%
MIN APR

The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral, or Co-signer

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

ONLINE COMPANIES

Rates last updated November 28th, 2020

Your Faster Payday

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN APR

The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Personal Loans .com

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $35,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral, or Co-signer

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Payday Loans from top Direct lenders: pros and cons  

Pros
  • You can get future loans easier if you worked directly with the lender earlier. When you cooperate with direct lenders, you make payments directly to them, which will make your credit rating higher.

  • Direct lenders have an easier process of applying in comparison with indirect lenders. You just need to fill in the form only for one company and get what you need. It also makes the process a little bit quicker, which is important if you need a loan for vital purposes.

  • Interest rates and fees are usually lower when you work with lenders directly. Direct lenders don't need to take a cut intermediately, it affords lender to offer you better conditions.

  • Privacy. Some companies sell your personal information to third parties, which can contact you with special loan offers. If we talk about direct lenders, they usually have a safe privacy policy.

Cons
  • A lot of people want to get the best possible offer. Different direct lenders offer many variants of loans with many options, it can be hard and annoying to look through every lender and find the best one.

  • It's harder to get approval with bad credit history. You are more likely to get approval if you work with indirect lenders (using a matcher).

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How much would you like to borrow?

The difference between direct lenders and brokers  

Mortgage brokers can seem similar to direct lenders, but it's not right. Brokers have access to many direct lenders, they can choose the most suitable loan for you. Brokers are more like your personal manager, who takes all the hard job instead of you. Brokers can help you to make an application or to close a loan. As for lenders brokers are kind of marketing instruments, which can lower their expenses on marketing needs.

The main difference of direct lenders, is that they have a special license. There are different kinds of direct lenders, for example, portfolio mortgage lenders start their own loans and can keep and service them for the whole loan's life. Moreover, direct lenders have the current amount of money to fund mortgage loans, sometimes they can use credit lines. Direct lenders often service the loans which they created or they can sell them to a mortgage market.

The table illustrates the comparison of direct lenders and mortgage brokers:

 

Pros

Cons

Direct lenders

  • You can have streamlined communication without a broker.
  • Dealing directly with the money holder (lender).
  • The lender can make exceptions to their rough itinerary.

 

  • Lenders can behave as a broker (even if they can lend directly).
  • You don't get acquainted with the lender intermediately.

Mortgage brokers

  • Streamlined process of shopping for the best loan.
  • Potentially lower rates.
  • Brokers trying to find the best loan for you.
  • Brokers have to trust lenders to work with the clients.
  • Brokers don't make final decisions.
  • Brokers can't make exceptions to rough itinerary.

There could be a huge difference between direct lenders and brokers depending on the company you choose.

Can you get approved by a direct lender if you have bad credit? 

A good credit score is essential to get a bad credit loan from most lenders. Although there are some lenders, who can approve your application even with a bad credit score. The important thing to get approved with a bad credit score is an opportunity to repay the loan. You must have a stable monthly income and valid bank account, then direct lenders will see you as a less risky consumer. If you want to apply to a direct lender, you should meet all the required requirements. It doesn't mean that you'll certainly get the loan, but it'll boost your chances.

Must know!

Different lenders have different requirements, but one thing works for all lenders: the less amount of money you need, the more chances you have to get a loan. 

Instant approval for same day Payday Loans with no credit check, no Teletrack - myth or reality? 

Yes, you can get the loan the same day, without a credit check and Teletrack. But is it as good as it seems? Lenders who are ready to approve your application without a credit check and Teletrack usually have very high-interest rates and great fees. Moreover, you should think, why these companies don't care about their money? Why they don't check how risky their potential borrowers are? Because of high interest rates and big fees? - May be yes, may be no. Most companies who have used the Teletrack system and check your credit score are legal and it's more likely that their credit conditions are controlled by the state. What I'm trying to say: the companies who don't check your credit and don't look at the Teletrack score are more likely to be frauds. It's not the rule, but you should take this information into account.

Good to know if you want to apply for a Payday loan:

  1. Interest rates on Payday loans could be extremely high!
  2. If you can't afford your monthly payments lenders can offer you to take a new loan in the case to repay the payments of 1-st one (usually with higher interest rates), then you have to pay 2 loans at once.
  3. If you can't repay your loan, collectors can act aggressively to get their money from your bank account.
  4. Easy to approve, hard to repay. If lenders approve your application without a credit check, it means, that they don't care, can you afford the loan or no.

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  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

How to choose a reliable direct lender?  

Most people take safe online payday loans from legitimate loan companies, but there are still someones, who afraid of scams. Are there any factors that can help to differ scams from reliable lenders? There are, and they're quite simple:

  • carefully read the loan terms and conditions;
  • use customer support service if you have any questions;
  • check the legal status of the company and their service;
  • look through the company's reviews;
  • study the terms of use and privacy policy of the lender.

Must know!

There are some payday loans with hidden fees. It's important to know, cause not all states have auxiliary facilities. In case to specify those loans, you should follow a few simple rules. Firstly, you should communicate with the direct lender and ask all the questions you have (ask about what happens if you'll not pay on time). The most important thing is to read the terms and conditions very carefully (better twice), cause if you sign the agreement, you'll not be liable to change anything 

When you are going to take a Payday, Installment Loan or Personal Loan the first most important thing is to find out their legal status and regulations in your state, and the second – to choose a reliable lender. Why is this choice so significant?

  • Usually, loan amounts, rates, and fees may vary depending on the lender. You can calculate the total cost of your future loan using our Payday Loan calculator;
  • The requirements, as well as your chances of being approved for a cash advance even if you have bad credit, are also different according to the lending company;
  • You can be sure that your rights are protected and your privacy is secure only if you deal with a legally licensed lender who works under the state’s regulations.

How can you tell a reliable lender from a scam?

All the lending companies that work legally, e.g. follow the state’s rules and regulations, thus ensuring the borrowers’ rights and protection, must be licensed. So, before choosing the lender check it out on the Ministry of Government and Consumer Services’ website.

  1. Go to the Consumer Protection Branch website1 ;
  2. Search for License / Lender / the name or address of the lender.
  3. You’ve got the list of all the licensed Payday lenders in the state. If the company you want to apply is not there, you’d better choose another one. Otherwise, if you have any problems or complaints you won’t be able to get any help or protection from the state.
  4. Compare Payday Loans from the best direct Lenders Online 

Besides, lenders may be OLA certified. It means they are the members of the Online Lenders Alliance. It is the center of lending, technology, and innovation, representing the growing online lending industry. Its members follow a list of Best Practices and Code of Conduct, which ensures the customers are well informed and fairly treated.

Must know!
Online lenders Alliance members offer safe and convenient loans for hard-working Americans. It’s definitely recommended as it’s safe, it’s easy as quick, it’s something you can do from your phone. Every year more and more Americans turn to the Internet to secure a loan. Most of online borrowers have an average income of $48000 per year. Cash advance helps them to make sure their bills are paid, they are not gonna lose their home, car, etc. Alliance online lenders are proud to provide only high-quality service.

More than 300 direct lenders we work with are all licensed and OLA certified, verified by time, and really reliable. You can be sure your rights will be reserved and the lending process the most convenient and secure one.

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  • Payday Loans $100 - $1,000
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Best Payday Loan lenders review

Here’s a list of top Payday Loans online lenders according to the consumer choice and experts research:

LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
Pros
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
Cons
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 

 

Check Into Cash offers Payday Loans, Title Loans, Personal Installment Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $50
  • MAX Loan Amount: $3000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Online Payday Loans
  • Title Loans
  • Installment Loans
  • Online Installment Loans
  • Line of Credit
  • Flex Loans
  • Other Services
  • Check Cashing
  • Bill Pay
  • Western Union 
  • U.S. Money Card
  • Cell Phone Top-Ups
  • Sell Us Your Gift Cards For Cash
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $50.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Greenlight Cash created an online platform to connect consumers like you with reliable lenders across the country. They partner with a large network of professionals so you get a chance to work with one of them and meet the challenge of improving your financial situation in the most effective way. Once you tap submit, you get one step closer to receiving the funds.

  • Payday Loans
  • Installment Loans
  • Personal Loans
  • be a legal U.S. resident
  • be at least 18 years old
  • have a stable source of income
  • be currently employed
  • have an active bank account
Pros
  • Unrivaled flexibility and accessibility.
  • Predictable monthly payments

  • Quick and simplified borrowing process

  • Any credit is welcome
Cons
  • Not a direct lender.

 

GoGoPaydayLoans offers Payday Loans at affordable rates with convenient repayment terms. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $1000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day

$100 - $1000 Payday Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $100.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

PaydayloansUSA.online offers Payday Loans, Installment Loans, Personal Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Vary by state.
  • Rates and fees: 4.99% to 1386% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Installment Loans
  • Personal Loans
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
Pros
  • Quick - no driving, waiting, faxing, paperwork.
  • More than 300 direct lenders.
  • High approval rate even for bad credit Payday Loans.
  • Online Payday cash advance with no collateral.
  • 24 / 7 online service.
  • No hard credit check Payday Loans.
Cons
  • High interest rates.
  • Available not in all the states.
  • Not many financial products offered.

 

Indyloan.com offers Personal Loans online at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $5000
  • Terms: Vary by state
  • Rates and fees: Varied
  • Turnaround Time: 1 - 2 business day

Personal Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
Pros
  • Quick - no driving, waiting, faxing, paperwork.
  • High approval rate even for bad credit borrowers.
  • Online Payday cash advance with no collateral or co-signer.
  • 24 / 7 online service.
Cons
  • High interest rates.
  • Available not in all the states.
  • Only loans up to $5000 are available.