Payday Loans Online - up to $1,000 Cash Advance

Table of Contents:

What are online Payday Loans?

How do online Payday loans work?

Online Payday Loans benefits

Can I get online Payday Loans instant approval?

How to apply for Payday Loans online?

Online Payday Loans from direct lenders

How much do online Payday Loans cost: rates and fees?

Are online Payday Loans available for Bad Credit? 

Can I get Payday Loans online with no credit check?

Fast Payday Loans online same day

Short-term loans

Small Payday Loans

Other online loans alternatives - not Payday Loans 

Payday Loans near me

Where can I get Payday loans near me?

Loan places near me

Nearby Payday Loan from direct lenders 

How to apply for Payday advance loans near me?

Same-day cash advance near me

Cash store near me vs Online Payday Loans

Cash Loans near me from direct lenders: pros and cons

Payday Loans near me no credit check

Payday Loans bad credit near me

Payday Loan places near me alternatives: banks, credit unions, check cashers

What are online Payday Loans? 

According to the most commonly accepted definition, issued by CFPB, a 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.

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

How do online Payday Loans work? 

One can take out a Payday Loan as well as an Installment Loan in-store or online. The process consists of three easy steps:

• Online application
• Get approved in a few minutes
• Get Your Money in 24 hours or even today

Online borrowing 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 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 (your private information is secured and all your rights are protected as we only work with legal state-authorized companies). 

Online Payday Loans benefits 

It may be more convenient for you to borrow online if you:

1. Don’t have a car. An online payday loan can be more useful if you have some problems with transportation and the nearest store location isn’t within walking distance. Borrowing through the Internet, the full process — from applying to receiving your funds to repaying your loan — takes place online.
2. Don’t need money immediately. Payday loans are designed to cover an emergency. But if you can wait about 24 hours for an online lender to process the application and deposit the money, you might save yourself a trip.
3. Are an experienced borrower, rather educated about loans. If this isn’t your first payday loan, you might not need immediate answers about the process. In this case, you can save the hassle by completing an application online.

Can I get online payday loans instant approval? 

Most borrowers choose Payday Loans as they need cash fast. That's why instant approval is likely to be very important for them. Is it really true that you are guaranteed to be approved for a loan in some minutes? What the lenders do promise is an instant decision. The application process is really quick and easy. You are required to fill out only some simple information including your personal data, phone number, e-mail address, etc. Besides, you may be sure it's absolutely safe. 

What concerns approval, it depends first of all on the lender, and secondly on your following all the eligibility criteria. Whether a lender does a credit check, whether it's hard or soft, whether you have good or bad credit, will affect the time necessary for approving you or not. 

Luckily, in most cases, Payday loans are available even with bad credit and therefore they can get the money the same day, or even in an hour if they borrow in-store.

How to apply for Payday Loans Online? 

If you already have some experience borrowing money or are good at surfing the Net and doing research online lending will definitely suit you. At the modern age of high technology and the world wide web, the majority even order food, buy clothes, book tickets, etc. online, to say nothing about borrowing money. No doubt, it’s faster, easier, and more convenient. You fill out a free application online. It doesn’t affect your credit history as it usually doesn’t imply a hard check. And in some minutes you are connected to the direct lender, and in case you get approved you get the money into your account in less than 24 hours. Or you can use the service of a lending broker company that will provide you access to many lending organizations so that you can choose. Or, which seems the wisest way, use our COMPACOM website to get the chance to compare both online and in-store lenders near you, or in your city, or in your state and decide whose rates and other conditions suit you best. 

Online Payday Loans have their pros and cons you should consider:

Pros

• fast: 1 minute to apply, instant approval, less than 24 days to get money;
• easy and convenient: no driving, no paperwork, no waiting in lines;
• applying is free and doesn’t affect your credit history;
• funds go directly to your bank account, you don’t have to get cash, deposit it into your account or leave a postdated check;
• accessibility: every person possesses a smartphone or laptop and can easily go online available for candidates with low (about 600) FICO credit score;
• being able to compare a lot of lenders with their rates and fees at one time, which can be easily done with COMPACOM service;

Cons

• There can be some scams, who want just to get your private information. So be careful, before applying check whether the lender is authorized and legal. You can do it with a quick Google search; go to https://www.trustpilot.com/ ⁴, call the Better Business Bureau at https://www.bbb.org/ ^5, or speak with a customer representative for that company.
• It sometimes can be rather expensive, you may be charged additional fees such as verification, database, administration fee. But it’s easy to avoid overpayment if you study and compare all the offers at first. Even if you pay off the loan earlier than agreed there won’t be any prepayment penalties, but there won’t be any savings either.

Online Payday Loans from direct lenders 

When you decide to take out a Payday 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. It's very important to find a licensed lender with good experience and verified reviews because:

• Usually, loan amount, rates and fees depend on the lender;
• 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.⁶

Before applying with a certain lender follow this expert advice:

• Check it out on the Ministry of Government and Consumer Services’ website.⁷
• Go to the Consumer Protection Branch website^8.
• Search for License / Lender / the name or address of the lender.
• 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.
• Compare Payday Loan Lenders Online at COMPACOM

How much do online Payday Loans cost: rates and fees? 

$100 - $1,000 Payday Loans are often avoided because of high interest and APR. But if you get into details, you find out they are not so expensive as it may seem. A short-term cash advance is due with your next paycheck, which means not later than 31 days usually. Even with the APR of 400% the total cost of the loan borrowed for a month won’t be more than $33. It’s only about $1 a day! Don't believe it? Prove it by counting the cost of your cash advance using our calculator:

Are online Payday Loans available for bad credit? 

When we speak about the level of trust with you as a borrower we often mean things such as “good credit” and “bad credit”. What do they 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 affect your chances to get approved for a loan, find a good job, buy a car, or rent an apartment. That’s why you need to understand how the financial system measures your credit score. A credit score is a 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.

Can I get payday loans online with no credit check? 

When you apply for a Bad Credit Unsecured Payday Loan you naturally try to avoid credit check.  Hard or even soft inquiry is believed to affect your score which may be a bad FICO score and you don't want to make it even worse. NO credit check Payday Loans sound more like a myth than reality as it is necessary both for you and for the lender. It's the way to decide whether to approve you or not and to let you make sure that you are able to repay the loan. Still there do exist some lenders ready to do without credit check compensating their risks by higher APR or other fees. 

Fast Same Day Payday Loans Online 

Payday Loans are often very small, the amount starts from $50 and up to $1,000. They are given for a short period of time, usually up to a month. And they have very simple requirements. That's why it's usually easy and quick ti get the necessary funds. You get an instant decision from one of the direct lenders as soon as you apply. After you are approved the funds will be deposited into your account within one working day if you borrow online. And it may take less than one hour if you apply in-store near you. To get a Payday Loan  you should follow these easy steps:

find the  lender	fill out the form	wait to get approved	get your money

Short-term Payday Loans online

Short term payday loans are the best option for borrowers with bad credit who need an emergency cash advance. Short term loans provide you with instant funding which you can repay within a few weeks, usually up to a month. Among the other benefits of such Payday advance are:

• same day loan deposit
• easy and quick online application
• no hard credit check
• any credit score is welcome
• available 24/7 online or in a store near you
• you can use it for any purpose

Small Payday Loans online

Small Payday loans range from $100 to $1000 and suit the applicants who would like to repay the cash advance with their next paycheck. Direct lenders offer such small-dollar loans to people in need of urgent expenses such as paying bills, having a car repaired, etc. It's wise to apply for such cash advance when you need money fast the same day without any paperwork, faxing, credit checks, etc. Besides, small loans are available for both good and bad credit borrowers. 

Other online loans - not Payday Loans 

Alternatives to Bad Credit Payday Loans (pdf)

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.

"Putting it out of business will simply drive it underground into the hands of gangs, local crime bosses or worse,"  says W. Todd Roberson, a senior lectof finance at the Indiana University Kelley School of Business . "While payday lenders might not be the most respected businesses, at least they operate above the law, are required to follow employment and financial disclosure policies that any business must follow and generally only harass people who can't pay; think of how a criminal element would handle collections."

Still, the majority prefer payday lending.

Payday Loans near me

Looking for a quick unsecured bad credit Payday Loan near you? Learn all the options you have. Compare the pros and cons of both online and in-store lenders. Find out where else you can look for a "loan near me". Read about the ways to get the same day funding. Find locations near you to apply for a Payday cash advance easier, faster, and more advantageous.

Though online loans seem to be easier and faster some people may prefer to go to a real store, talk to a real person, ask for advice or help and get the money just the same day, or even the same hour.  For some people it’s a benefit if they prefer face-to-face communication like to see everything with their own eyes, to feel, touch, maybe even smell))) Seriously speaking, there is always a real person to answer any of your questions and help with any problems. Some lenders may ask you to bring some documents from work or bank, and maybe to leave a post-dated check to secure a loan. To pay it off you can come back to the store or do it through electronic debit. Choosing storefront Payday loans may be the right decision for those who do it for the first time, feel unconfident or lack some information.

Before going to the nearest Payday store consider the following advantages and disadvantages:

Pros

• personal contact and ability to see the lender, to discuss their conditions, to ask questions and get some help on the spot;

• the specialists’ support and help, for example, in filling out an application;

• sometimes at the front store you can receive money right on the same day whereas applying online you may wait till tomorrow;

• stores are more easily controlled by state which means they are more likely to be legal

Cons

• It may take a longer time than online lending which requires only a few clicks. 
• If you want to compare loans, you’ll have to visit various lender locations, which means driving, losing time in traffic jams.
• You have fewer options to choose from as they are limited to your location. 

Where can I get a Payday loan near me?

Payday loans are made by payday loan stores,  or at stores that sell other financial services, such as Check Cashing, title loans, rent-to-own and pawn, depending on state licensing requirements. Loans are made online via websites of direct lenders or brokers and mobile devices.  CFPB¹ found 15,766 payday loan stores operating in 2015.² 

There are a few largest Payday lending companies. Advance America has about 2400 stores throughout the United States. Cash America International has more than 1000 stores; QC Holdings has about 500 outlets, while EZCORP Inc. has about 900 US outlets, with roughly 500 being financial service stores³.  

Loan places near me

If you are looking for loan places near your location, first of all you should go online and enter your city or ZIP code to see the options nearby. Loan places can be cash stores or check cashers. They are also divided by the type of cash advance they provide. So, you'd better surf the Net for the Payday Loans near me, or INstallment Loans near me, etc. As soon as you find the companies at your location, look for their addresses, directions and other necessary information. Compare the rates and fees and drive to the nearest loan place.

Find Payday loan places near you on the map.

Choosing a nearby Payday Loan direct lender 

Before making up your mind where to borrow compare all the options, take into account all pros and cons of online and in-store lenders. And do some research to find out whether the lender:

• Works according to the state’s law and legislation and is licensed to give short-term loans
• Takes care of the safety of your personal data and other private information
• Has a safe website that keeps your information
• Doesn’t sell your information to a third party
• Has only positive customer reviews

Or trust this task of choosing a verified lender to a reliable broker or comparing service like COMPACOM.com.

How to Apply for quick Payday loans near me? 

Need a loan now? If you’ve decided that a Payday loan in a store suits you better than online you’ll definitely wonder how to find the nearest to your location. We can give you some useful advice on how to find the quickest and easiest way:

• First of all, check whether your state permits Payday and other short-term loans
• Surf the Internet for Payday stores in your state and your city
• Compare the best offers using COMPACOM.com
• Specify your location to see the nearest stores
• Go to the store to fill out an application form and get the money or start applying online to receive the cash later in a store.

If you live in a faraway place you may find it difficult to find many good options near you. So it would be a wise decision to get a loan online.

We reviewed the best Payday Loans direct lenders offering emergency cash advance both online and in a store near you. 

LEND YOU

4.2875782881002

(1916 votes)

Go to Official Website

LEND YOU

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

Go to Official Website

Services Eligibility criteria Pros & Cons

• $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. 

 

Go to Official Website

Check Into Cash

4.3330111164814

(2069 votes)

Go to Official Website

Check Into Cash

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

Go to Official Website

Services Eligibility criteria Pros & Cons

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.

 

Go to Official Website

Greenlight Cash

4.3244739756368

(1806 votes)

Go to Official Website

Greenlight Cash

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.

Go to Official Website

Services Eligibility criteria Pros & Cons

• 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.

 

Go to Official Website

GoGo Payday Loans

3.9578264395783

(1233 votes)

Go to Official Website

GoGo Payday Loans

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

Go to Official Website

Services Eligibility criteria Pros & Cons

$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.

 

Go to Official Website

Loan By Phone

4.3986254295533

(582 votes)

Go to Official Website

Loan By Phone

Loan By Phone offers Payday Loans, Installment Loans and Line of Credit.

• MIN Loan Amount: $100
• MAX Loan Amount: $3000
• Terms: Varied
• Rates and fees: Vary by state
• Turnaround Time: 1 business day

Go to Official Website

Services Eligibility criteria Pros & Cons

• Payday Loans
• Installment Loans
• Line of Credit

• 21 years of age
• Social Security Number
• Proof of Income (from your job, pension, welfare, or other source)
• Valid email address
• Active checking account (open for at least 90 days)
• Current cell/home and work phone number

Pros

• All loan applications and requests are guaranteed confidential and all transactions are governed in accordance with the laws of your state of residence.
• Flexible repayment.
• Available in most states.

Сons

• High interest rates.
• If you don't pay back on time your data may be sold to third parties.

 

Go to Official Website

Indylend

4.0784671532847

(548 votes)

Go to Official Website

Indylend

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

Go to Official Website

Services Eligibility criteria Pros & Cons

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.

 

Go to Official Website

Same-day cash advance near me 

Short-term loans are usually used by people in an emergency situation. Naturally, they mostly require the money as quickly as possible. Is same-day funding real? Yes, it is! If you borrow online, the money is promised to be deposited into your account within 24 hours. So it can be the same day, or it can come the next business day depending on the lender, processing time, the time when you applied, whether it was the beginning of the end of the working day.

In the case of applying in-store, you have a 99% chance of getting the cash right away. Of course, it may take you longer to drive to the shop, to wait in a line, to do paperwork. But as soon as the application is processed and all your data are verified, you are lent the money you need. 

Cash store near me vs Online Payday Loans 

Cash Loans near me from direct lenders: pros and cons 

Online lenders

Pros

• fast: 1 minute to apply, instant approval, less than 24 days to get money;
• easy and convenient: no driving, no paperwork, no waiting in lines;
• applying is free and doesn’t affect your credit history;
• funds go directly to your bank account, you don’t have to get cash, deposit it into your account or leave a postdated check;
• accessibility: every person possesses a smartphone or laptop and can easily go online available for candidates with low (about 600) FICO credit score;
• being able to compare a lot of lenders with their rates and fees at one time, which can be easily done with COMPACOM service;

Cons

• There can be some scams, who want just to get your private information. So be careful, before applying check whether the lender is authorized and legal. You can do it with a quick Google search; go to https://www.trustpilot.com/, call the Better Business Bureau at https://www.bbb.org/, or speak with a customer representative for that company.
• It sometimes can be rather expensive, you may be charged additional fees such as verification, database, administration fee. But it’s easy to avoid overpayment if you study and compare all the offers at first.
• Even if you pay off the loan earlier than agreed there won’t be any prepayment penalties, but there won’t be any savings either.

 In-store lenders

Pros

• personal contact and ability to see the lender, to discuss their conditions, to ask questions and get some help on the spot;

• the specialists’ support and help, for example, in filling out an application;

• sometimes at the front store you can receive money right on the same day whereas applying online you may wait till tomorrow;

• stores are more easily controlled by state which means they are more likely to be legal

Cons

• It may take a longer time than online lending which requires only a few clicks. 
• If you want to compare loans, you’ll have to visit various lender locations, which means driving, losing time in traffic jams.
• You have fewer options to choose from as they are limited to your location. 

 Taking into account the enumerated advantages and disadvantages of online and in-store lending, we can say who they better suit. If you are an experienced borrower who values time and appreciates all the benefits of technological progress, apply for a Payday loan online. If you are still in doubt and have little information about cash advance and need some professional help, try front stores. On the COMPACOM website we offer you to compare both online and in-store lenders and make the right choice.

Payday Loans near me no credit check

As you can easily find online Payday Loans with no credit check, you can also apply for cash advance near you provided by a direct lender with no hard inquiry. It means the lending company is not going to contact any of the major US credit bureaus and check your history of previous loans and debts. It makes Payday Loans online and near you very fast and available on the one hand. On the other hand applying doesn't damage your score as it's not reported to the credit agency.

Payday Loans bad credit near me

If you've decided to apply for a Payday Loan in a store near your location and you are aware of your poor credit, you'd better find out in advance whether this lender provides bad credit Payday Loans. Though most of the lending companies do, it's better to check not to waste time in vain. Besides, clear up the rates as the interest can be a bit higher for subprime borrowers.

Keep in mind, bad credit Payday Loans are as highly available as cash advance for applicants with a good history. 

Payday Loan places near me alternatives: banks, credit unions, check cashers 

If you don’t want for some reason to borrow from a Payday store you can apply to the following institutions each with its own advantages and disadvantages:

It’s up to you to decide which place to get your money from. Just make sure it’s the easiest and most advantageous way for you. And a good comparing service providing you with the most up-to-date verified information can be a good help to make your choice.