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Payday Loans in the USA

US Payday Loans up to $1,000

Compare Payday Loan offers from more than 300 direct lenders. Check their amounts, fees, eligibility criteria and other conditions and choose the sweet spot. Or fill out a quick Compacom form right now and it will automatically be sent to all the companies. It’s much faster and more convenient than applying to each one individually. If you qualify, you’ll get the money in your account within 1 business day.

* Always check the lender’s rates and fees as they may vary. We give only general information. Be attentive. Borrow responsibly! It’s up to you to make a wise decision.

NEED A LOAN? FIND THE BEST LENDERS ONLINE!

How much would you like to borrow?

TOP RATED COMPANIES

Rates last updated October 18th, 2018

PersonalLoans.com provides an easy and convenient way for consumers to be connected with a Personal Loan up to $35,000 through the network of lenders and lending partners. Through PersonalLoans.com, you can get needed loan funds quickly, in as little as just one business day. You don’t have to pay back these funds quickly, however, as the repayment time frame ranges from 90 days to 72 months depending on the terms of your loan. For shorter-terms loans offered, such as installment loans, the repayment time frame may be less than six months.

4.4193548387097

PAYDAY LOANS USA .ONLINE

$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 MPR

The minimal percentage allowed that actually represents the cost of your loan charged for a month. It's more important for the customer as mostly Payday loan are borrowed for a month term and paid off with 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

Has life thrown you an unexpected financial curveball? Need a loan? Bad Credit?  Don’t look any further! PAYDAY LOANS USA .ONLINE is here for You. 100% online short-term Payday and unsecured Personal loans from some of the best direct lenders in the USA.

4.4210526315789

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.

15%
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

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them. 

4.4285714285714

Check Into Cash

$1,000
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.

Varied by state
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

Check Into Cash is a national leader in direct lending, providing customers with affordable, short-term, small dollar credit solution. We provide Payday Advances, In-Store Cash Advances, Online Payday Loans, Title Loans, Title Pawns,Check Cashing, Western Union®, walk-in Bill Pay, and reloadable prepaid U.S. Money Cards in our centers nationwide. Check Into Cash is truly your one-stop money shop.

4.3529411764706

CashAdvance.com

$999
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.

15%
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

CashAdvance.com is one of the more trusted names in payday loans, and works the same as Trusted Loan Network in that it aggregates lenders to help match the best one for you. They offer a wide range of loans and have some of the lowest APRs in the payday loan business. CashAdvance.com also does not require a credit check, but you do need to be 18, have a source of income and have an open back account. Once you are approved, funds will be deposited in your account the following business day.

ONLINE COMPANIES

Rates last updated October 18th, 2018
4.2666666666667

Payday Loans Low Rates

$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 MPR

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

THE TYPES OF LOANS THAT WE OFFER ARE AS FOLLOWED:

Payday Loans - a short-term loan which you typically would repay by your next payday or within 30 days. Normally comes with a higher (APR).

Instalment Loans - involves equal periodical repayments over an agreed loan term. No collaterals are needed either, but the APR is normally lower compared to the one of the payday type.

4.4375

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

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

Fast Holiday Loans

$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.

200%
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

Get cash for the holidays! Get a loan for the holidays of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source

LOAN RULES, LAWS AND REGULATIONS.

For your convenience we present all the key details in the table below:

State Law status MIN Loan Amount MAX Loan Amount MIN. Loan Term MAX. Loan Term MIN APR MAX APR Additional fees NSF fee Collateral or guarantor Number of simultaneous loans Cooling off period Rollover Extension, repayment plan Default penalties Bad credit
Alabama legal $100 $500 10 days 31 days 300% Not more than 17.5% of the loan $30 None, unsecured One 1 business day One rollover Repayment plan 3% a month from the default date Yes
Alaska legal None $500 14 days Not stated 520% $5 origination fee $30 None, unsecured Not limited None 2 Repayment plan Finance charge for every new repayment period Yes
Arizona restricted None n/a None None 36% 5% fee None None, unsecured Not stated None Not stated Not stated Not stated Yes
Arkansas prohibited Payday Loans Prohibited Small loan rate cap: 17% annually None, unsecured Yes
California legal None $300 None 31 days 459% 15% of the check $15 None, unsecured 1 None Not allowed Voluntary repayment plan Not stated Yes
Colorado legal None $500 6 months Not set 20% APR 20% for $0-$300 plus 7.5% for $301-$500 plus 45% for each year, plus monthly fee of $7.50 per $100 up to $30, after first month. $25 None, unsecured One None One rollover Not set Amount of a loan, plus attorney fee in case of a court Yes
Connecticut restricted None n/a Not stated Not stated 30.03% $17 interest None None, unsecured Not limited None None None Not stated Yes
Delaware legal None $1000 None 60 days Not limited Not limited None None, unsecured 5 loans a year None 4 rollovers for each loan Not stated Not stated Yes
District of Columbia restricted $0 $0 Not stated Not stated Not stated 24% None None None, Unsecured Not stated None None None Not stated Yes
Florida legal None $500 7 days 31 days 419% 10% of every $100 borrowed None None, unsecured Not set None None None Prohibited by law Yes
Georgia restricted $3000 None Not set Not set 16% 10% of every $100 borrowed None, unsecured Not set None None None Prohibited by law Yes
Hawaii legal $1 $600 14 days 32 days 459% Not more than 15% of the loan $20 None, unsecured One None None None None, prohibited by law Yes
Idaho legal None $1000 None Not limted Not limited Not limited $20 None, unsecured Not limited but maximum $1000 in total None 3 rollovers and renewals Repayment plans for at least 60 days Not stated Yes
Illinois legal None $1,000, or25% gross monthly income 13 days 120 days 403% Not more than $15.50 for $100 borrowed $15 None, unsecured 2 7 days Not allowed 55 day repayment plan None Yes
Indiana legal None $550 14 days 30 days 390% 15% of every $100 borrowed $20, once None, unsecured One from lender, two from different lenders 7 days after 6 consecutive loans None 3 extensions, repayment plan None Yes
Iowa legal None $500 None 31 days 433% $16.67 for every $100 borrowed for a fortnight $15 None, unsecured 2 None None None Criminal actions are prohibited Yes
Kansas legal None $500 7 days 30 days 390% $15 for every $100 borrowed One per loan None, unsecured 1 Not stated None None Not stated Yes
Kentucky legal None $500 14 days 60 days 459% 1$ database fee Only one for every defaulted loan None, unsecured 2 None Not allowed Not allowed Criminal actions are prohibited Yes
Louisiana legal None $350 None 60 days 780% $10 documentation fee, 16,75% of every $100 borrowed One per loan None, unsecured Not limited None Not allowed Repayment plan once a year 36% per year Yes
Maine restricted None $2,000 None None 30% None None None, unsecured Not stated None None None Not stated Yes
Maryland restricted None n/a None None 33% None None None, unsecured None None None None Not stated Yes
Massachusetts restricted None n/a None None 23% $20 administrative fee None None, unsecured Not stated None Not allowed Not allowed Criminal actions are prohibited Yes
Michigan legal None $600 None 31 days 390% $15, verification fee of maximum 15% of every $100 borrowed $25 None, unsecured 2 None Not allowed Repayment plan $15 for installment payback plan Yes
Minnesota legal None $350 None 30 days 390% $5-$15 None None, unsecured Not limited None None None Not stated Yes
Mississippi legal None $500 None 30 days 520% $20 on average $30 None, unsecured Not specified, but no more than $500 in total None Not allowed Voluntary repayment plan Not stated Yes
Missouri legal None $500 14 days 31 days can reach 1950% Not stated None None, unsecured Not limited but no more than $500 from a lender None 5 rollovers Not allowed Criminal actions are prohibited Yes
Montana legal $50 $300 None 31 days 36% None $30, only one None, unsecured 1 None Not allowed Not allowed Not allowed Yes
Nebraska legal None $500 None 34 days 459% $15 $15 None, unsecured None None Not allowed Not allowed Not stated Yes
Nevada legal None Not more than 25% of montly income None 35 days Not limited Not limited $25 None, unsecured Not limited None Allowed Allowed Not stated Yes
New Hampshire legal None $500 7 days 30 days 36% Not stated None None, unsecured 1 60 days Not allowed Not allowed Criminal actions are prohibited Yes
New Jersey restricted None None None None 30% None None None, unsecured None None Not allowed Not allowed Not allowed Yes
New Mexico legal None $2500, not more than 25% of monthly income None 35 days 416% $0,50 jf every $100 verification fee $15 None, unsecured Not limited, but not more than 25% of gross mothly income in total None Not allowed Repayment plan for over 130 days Not stated Yes
New York prohibited Payday Loans Prohibited Small loan rate cap 25% per year None, unsecured Yes
North Carolina restricted None None None None 36% Not limited None None, unsecured None None None None None Yes
North Dakota legal None $500 None 60 days 520% 20%, plus database fee $20 None, unsecured Not stated 3 days one rollover Not allowed Criminal actions are prohibited Yes
Ohio legal None $500 None 31 days 28% None None None, unsecured 1 90 days Not allowed One repayment plan Maximum $20 collection charge Yes
Oklahoma legal None $500 12 days 45 days 390% 15% maximum $25 None, unsecured 2 2 business days after 5 consecutive loans Not allowed Repayment plan made up of 4 installments Not stated Yes
Oregon legal None $50,000, not more than 25% of monthly income 31 days 60 days 36% None $20 None, unsecured Not limited 7 days 2 renewals Allowed Not stated Yes
Pennsylvania restricted None n/a None None $9.50 for $100 borrowed $1.50 service charge None None, unsecured Not stated None Not stated Not stated Not stated Yes
Rhode Island legal None $500 13 days Not stated 260% $10 None None, unsecured 3 a year None One rollover Not stated None Yes
South Carolina legal None $550 None 31 days 390% 15% maximum Not more than $10 of a check None, unsecured Not limited 2 business days after 8 consecutive loans Not allowed Repayment plan once a year Not stated Yes
South Dakota legal None $500 Not stated Not stated 36% None Not stated None, unsecured Not stated Not stated 4 renewals Not stated Not stated Yes
Tennessee legal None $500 None 31 days 459% 20% plus database fee None None, unsecured 3 but no more than $500 3 days Not allowed Not allowed Criminal actions are prohibited Yes
Texas legal Not specified Not specified Not stated 180 days 410% 10% of the loan $30 None, unsecured Not stated None Not stated Not stated 5% collection fee Yes
Utah legal None None None 10 weeks Not limited Not limited $15 None, unsecured Not limited 1 day Not allowed Once a year repayment plan None Yes
Vermont prohibited Payday Loans Prohibited Small loan rate cap 18% per year None, unsecured Yes
Virginia legal None $500 2 repayment periods Not stated 687.76% $5 verification fee $25 None, unsecured 1 1 day Not allowed One repayment plan in 4 equal installments Not stated Yes
Washington legal None $700 None 45 days 390% 15% Not stated None, unsecured 8 loans a year None Not allowed Repayment plan for 90-180 days Criminal actions are prohibited Yes
West Virginia prohibited Payday Loans Prohibited $2,000 Small loan rate cap 31% per year None, unsecured Yes
Wisconsin legal None $1500, not exceeding 35% of your monthly income Not stated 90 days Not stated Not stated $25 None, unsecured Not limited 24 hours 2 Not stated None Yes
Wyoming legal None Not limited None 1 month 780% 20% maximum but not more than $20 None None, unsecured Not limited None Not allowed Repayment plan of 4 installments Not stated Yes
Apply online
State Law status MIN Loan Amount MAX Loan Amount MIN. Loan Term MAX. Loan Term MIN APR MAX APR Additional fees NSF fee Collateral or guarantor Number of simultaneous loans Cooling off period Rollover Extension, repayment plan Default penalties Bad credit
Alabama legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Alaska legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Arizona legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Arkansas restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
California legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Colorado legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Connecticut legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Delaware legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
District of Columbia legal $1,000 $5,000 6 months 36 months 36% 60% Varied Not stated None, Unsecured Not stated None Varied Varied Not stated No
Florida legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Georgia legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Hawaii legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Idaho legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Illinois legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Indiana legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Iowa legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Kansas legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Kentucky legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Louisiana legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Maine legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Maryland legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Massachusetts legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Michigan legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Minnesota legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Mississippi legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Missouri legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Montana legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Nebraska legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Nevada legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New Hampshire legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New Jersey legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New Mexico legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New York restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
North Carolina legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
North Dakota legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Ohio legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Oklahoma legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Oregon legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Pennsylvania legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Rhode Island legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
South Carolina legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
South Dakota legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Tennessee legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Texas legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Utah legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Vermont restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Virginia legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Washington legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
West Virginia restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Wisconsin legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Wyoming legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Find out more Apply online
State Law status MIN Loan Amount MAX Loan Amount MIN. Loan Term MAX. Loan Term MIN APR MAX APR Additional fees NSF fee Collateral or guarantor Number of simultaneous loans Cooling off period Rollover Extension, repayment plan Default penalties Bad credit
Alabama legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Alaska legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Arizona legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Arkansas restricted $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
California legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Colorado legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Connecticut legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Delaware legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
District of Columbia prohibited $5,000 $15,000 6 months 72 months 6% 24% Not stated Not stated None, Unsecured Not stated None Varied Varied Not stated No
Florida legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Georgia legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Hawaii legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Idaho legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Illinois legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Indiana legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Iowa legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Kansas legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Kentucky legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Louisiana legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Maine legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Maryland legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Massachusetts legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Michigan legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Minnesota legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Mississippi legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Missouri legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Montana legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Nebraska legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Nevada legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
New Hampshire legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
New Jersey legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
New Mexico legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
New York restricted $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
North Carolina legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
North Dakota legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Ohio legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Oklahoma legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Oregon legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Pennsylvania legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Rhode Island legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
South Carolina legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
South Dakota legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Tennessee legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Texas legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Utah legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Vermont restricted $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Virginia legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Washington legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
West Virginia restricted $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Wisconsin legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Wyoming legal $1,000 $15,000 90 days 60 month 450% None, unsecured Yes
Find out more Apply online

Payday Loans General Information. 

NEED A LOAN? FIND THE BEST LENDERS ONLINE!

How much would you like to borrow?

According to the commonly accepted definition, issued by CFPB, payday loan – is a “short-term, high cost loan, generally for $500 or less, that is typically due on your next payday”1.

Wikipedia defines it as “a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday”2.

Investopedia sees Payday loans as a type of short-term borrowing where a lender will extend high interest credit based on a borrower’s income and credit profile3.

In a nutshell:

Having analyzed these definitions we underline the main idea of Payday loans (which can be also called payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) as being:

  • short-term (14-30 days),
  • small dollar (up to $1000),
  • bad credit (available even for borrowers with poor FICO credit score),
  • high-cost (with the APR from 391% to 3,733%)
  • unsecured (is given without any collateral).

As we can see rates and other lending conditions are rather varied, which sometimes makes the borrowers confused. That’s why it would be wise to compare all the lenders ready to offer you the money and choose the most suitable for you. This opportunity is given by COMPACOM website with more than 300 direct lenders as well as in-store companies choice.

What is the difference between Payday, Installment and Personal loans?

Payday, Installment and Personal loans can all be easily got both online and in-store, mostly without a guarantor or collateral, within one business day, even by people with bad credit for any of personal needs such as medical and dental bills, home or car repair, debt consolidation, special events, etc.

!Interesting to know:

The top reasons for taking out Payday loans are:

  • vehicles - 31%
  • bills - 26%
  • emergencies - 21%
  • tuition fees - 19%
  • consolidating debt - 15%

he main difference between them lies in the amount, repayment term and rates. You can more vividly see it in the table below:

 

Payday loans

Installment loans

Personal loans

Amount

$100 - $1000

$1000 - $5000

$5000 - $15000

Term

14-30 days

60 days – 36 months

Up to 36 months

Repayment

With the next paycheck

In scheduled installments every fortnight, month, 2 months.

Monthly, or in parts as it’s set in the agreement.

Interest rates, APR

APR – 300%-750%, plus 10-15% of 100$ borrowed

5.99% to 35.89% APR plus 5% fee

6-36% APR plus 1-6% origination fee

Collateral or guarantor

No

No

No

As we can see all of them are unsecured, don’t require any guarantor or collateral, but are divided into short-term (payday) and long-term (personal and installment). If you need just $100, $300 or $1000 take a payday loan. It has a rather high APR but due to the short term it’s just a little overpay [read the research article “Payday loans for only $1 overpay”]. Those who need higher amounts would better choose installment and personal loans up to $15000 with convenient repayment plans and lower APR.

For more detailed information read our research: [Payday loans vs Installment vs Personal loans]

NEED A LOAN? FIND THE BEST LENDERS ONLINE!

How much would you like to borrow?

Easy to apply and get!

85 % of applicants get approved by our direct lenders. To take out a Payday, Installment or Personal loan you just need to meet a few simple requirements. They are usually the same in every state but can slightly vary according to the lender and the amount you want. Compare the eligibility criteria of the best direct lenders. Mainly they are:

  1. You are the resident of the state
  2. You are over 18 years of age
  3. You have a permanent job and stable income
  4. You have an open and active bank account
  5. You have a valid telephone number and e-mail

The loan amount depends on its loan and the laws of the state. Usually it’s $100-$1000 payday loan, $1000-$15000 installment loan.

How much can I borrow?

The amount of Payday cash advance is usually between $100 and $1000 on average. But it can vary according to the lender and the state’s law. The lender may approve you for more or less money depending on your credit score, repayment ability, credit history and some other peculiar criteria. The better are these factors the higher amount you can expect. What concerns law regulations, it’s up to the State’s regulator to limit the maximum available amount. It differs in each state. You may check it in the table below:

How Payday loans work.

One can take a payday loan as well as installment loan in a store or online. [ Online vs In-store Payday loans] The later is definitely faster, easier and more convenient. You spend only a couple of minutes filling out an application. It’s free and doesn’t affect your credit history. And either you get the chance to compare the most reliable licensed companies or we match you with any of 300 direct lenders that suit you.

The process is:

  • Fast (a minute for applying, a couple of minutes to get approved, less than a day to get the money);
  • Easy (no driving, waiting in lines, doing paperwork, looking for a guarantor or collateral is required);
  • Safe (you private information is secured and all your rights are protected as we work only with legal state authorized companies).

APR, fees and other lending conditions.

As Payday loans as well as other short-term cash advance are regulated by state, their rates and fees are naturally also under their control. Besides they may vary according to the lender. To find out how much cash advance will cost you learn about rules and regulations in your location.

Payday loans for borrowers with bad credit. 

When we speak about the level of trust to you as a borrower we often meet such notions as “good credit” and “bad credit”. What does it mean? Your credit account history is gathered and processed by credit reporting agencies, compiling your annual report. If it contains positive information, you are said to have good credit, if there’s a lot of negative information, such as defaulting loans, late payments, etc. you are a bad credit borrower.

Bad credit can effect your chances to get approved for a loan, to find a good job, to buy a car or to rent a flat. That’s why you need to understand how the financial system measures your credit score. A credit score is the number that lenders use to quantify how risky a borrower you are. It’s used by banks and credit card companies to see if they want to lend to you.

Our Direct Partners

We represent payday, personal and installment loans offers from more than 300 direct lenders with reasonable rates and other conditions including your credit score. Our partners look at the overall situation, and not only your credit. Payday loans in the amount $100-$1000 are available even for those with fair or poor rank.

For more information on credit score, FICO credit score, credit history and credit check read “Payday loans for bad credit history applicants’.

Paying off a loan. 

As payday loan is short-term, it’s given for two weeks on average or maximum 30 days. When you take it you give the lender a check or access to your bank account. And the money is paid off with your next paycheck. If you can’t do it, there may be some extension or roll-over depending on the conditions of the agreement you’ve signed. So be careful. And if you doubt your ability to give the money back, maybe consider the option of personal lending which is repaid in scheduled installments within a longer period of time.

To stop hesitating and be more confident in your decision read our article proving that Payday loans are not so dangerous as they may seem read our article “Payday loans for only $1 overpay”. You’ll see that high APR is compensated by short repayment term. And if you pay the money back on time, without rollovers or extensions, your budget won’t suffer.

Payday lending regulations.

Payday ending is getting more and more regulated both on the state and federal level. The government wants to protect the residents from getting into a financial trap by making them more informed and by restricting the lenders’ rights.

Thus, short-term loans are legal in 27 states, and in the others they have certain peculiarities of regulation. If you face this problem, apply with us and we’ll find the way how to provide you with cash either from a neighboring state lenders or within another type of a loan.

The organization responsible for these regulations is called the Consumer Financial Protection Bureau (CFPB). They can cap the rates, control the lenders’ debt collection process and pursue irresponsible lenders who may give money to military servants or take other illegal actions. If you have any questions or complaints you can address them on the website or by phone (855) 411-2372.

!Interesting to know:
The 3 states using Payday cash advance more than others are: Florida, Texas, California. The percentage of borrowers is 43%, 39%, 34% respectively. The average loan amount is $5,317 in Florida, $5,327 in Texas and $11,883 in California.

There are some other alternatives, but payday – is the fastest and easiest choice. 

When you urgently need money but can’t or don’t want to take a payday loan consider the following options:

  • Personal loan (has lower APR, longer terms and higher amounts)
  • Credit card cash advance (cash based on your credit limit for a fee)
  • Ask family or friends for help.

Still the majority prefer payday lending.

NEED A LOAN? FIND THE BEST LENDERS ONLINE!

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Legal Status of Online Payday Loans in the U.S. by State - the complete list

Requirements to qualify for a Payday Loan:

What do I need to qualify for a short-term cash advance?

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

  • US residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • 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.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

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