Personal Loans in the USA
Compare TOP lending companies offering $1,000 - $35,000 in unsecured Personal Loans with convenient monthly payments available even for people with bad credit. Get up-to-date information and reliable reviews from our happy customers. Find the best rates from only 2,99% and up to 5 year term offered by more than 300 Direct Lenders Online or in a Loan Store near your location. APPLY NOW - Instant Same Day Decision is Guaranteed!
* 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.
Other Money Offers Available in the USA:
TOP RATED COMPANIES
PAYDAY LOANS USA .ONLINE
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.
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.
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.
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.
LEND YOU
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.
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.
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.
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.
Lending Point
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.
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.
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.
LendingPoint Personal Loans - is a verified licensed lender offering Prsonal Loans up to $25,000 as soon as the next business day. It specializes in customers with fair credit scores (in the 600s) and offers a very convenient and affordable repayment process consisting of easy, automatic, online payments.
Checking an offer will not affect your credit score.
Check Into Cash
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.
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.
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.
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.
Bad Credit Loans
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.
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.
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.
BadCreditLoans.com has been in the business of helping people since 1998. We make it simple for consumers to get the funds they are looking for online.
We offer:
- Bad Credit Personal Loans
- Bad Credit Business Loans
- Bad Credit Credit Cards
- Bad Credit Mortgage Loans
- Bad Credit Home Loans
- Bad Credit Student Loans
- Bad Credit Auto Loans
ONLINE COMPANIES
Fast Holiday Loans
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.
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.
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.
Get cash for the holidays! Get a loan 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
PenFed Credit Union Student Loans
It’s the maximum sum of cash advance allowed to apply for in the state. It is often limited to a certain sum but it may vary depending on the lender and his requirements.
It's the period of time within which you are to repay the loan.
It’s the minimal amount of cash advance you can apply for. It’s not always stated, the average sum is $100. But it may vary depending on the lender and the state’s regulations.
Consolidate your private and federal student loans from PenFed, the refinance company offering the best interest rates. Refinance Parent Plus loans, Spouse Loans, and Individual Student Loans.
PenFed offers competitive rates for student loans, and unique loan programs such as spouse loans, allowing individuals and couples to consolidate and refinance their federal and private student loans into a single loan.
Jora Credit
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.
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.
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.
Jora Credit is a Lender that operates under the state specific rules for the states that it services. They are committed to the lending of responsible credit products to eligible applicants in need of emergency credit. Jora offers a simple, reliable way for customers to get a loan, and have the flexibility to repay it over a duration of time that makes sense for their lives and budget. Jora provides loans as soon as the next business day. Apply today and get $500 to $2,600 as soon as tomorrow. Get a Loan Fast!
Payday Loans Low Rates
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.
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.
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.
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.
Your Faster Payday
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.
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.
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.
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.
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 | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Alaska | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Arizona | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Arkansas | restricted | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| California | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Colorado | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Connecticut | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Delaware | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| District of Columbia | prohibited | $5,000 | $35,000 | 6 months | 72 months | 6% | 24% | Not stated | Not stated | None, Unsecured | Not stated | None | Varied | Varied | Not stated | No |
| Florida | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Georgia | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Hawaii | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Idaho | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Illinois | legal | $1,000 | $35,000 | 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 |
| 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 | Payday Loans Prohibited | Small loan rate cap: 17% annually | None, unsecured | Not allowed | 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 |
| 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 |
Contents:
What is a Personal Loan in the USA?
What is the difference between Personal, Installment and Payday loans?
What are the terms and amount of a Personal loan?
Can I get a Personal Loan if my credit score is bad?
How the process works. How do I repay a personal loan?
Do I need a guarantor or collateral?
What is a Personal Loan in the USA?
A personal loan is $5,000 - $35,000 cash amount that any U.S. resident over the age of 18 with a valid bank account and permanent income can apply for. It is given for 6 - 60 months and paid back in fixed scheduled -usually monthly- repayments. One can get a personal loan from a bank, in-store lender, or online. The loan will have fixed payments and reasonable interest rates, but with various time frames and different amount according to the lender’s policy and State regulations. Unlike mortgage and auto loans, a personal loan is unsecured, e.g. doesn’t require a guarantor or collateral.
What is the difference between personal, installment and payday loans?
Personal loans are characterized by long repayment terms and high amounts of cash advance. If you need less than $5,000 but still with several repayments, you can take an Installment Loan. If $1,000 is enough to cover your needs and you feel able to repay it with your next paycheck – apply for a Payday Loan.
Just to give you some brief information and a chance to compare the types of loans, we present the following table:
| Personal loans | Installment loans | Payday loans | |
| Legal status | legal | legal | Legal in 27 states, with some restrictions in 9 states |
| Amounts | $5,000 - $35,000 | $1,000 - $5,000 | $100 - $1,000 |
| Terms | 6 - 60 months | 6 - 60 months | 14-30 days |
| Repayment | In fixed arranged repayments | In fixed arranged repayments | With a next paycheck |
| Rates and Fees | 4.99% to 450% APR , 5% origination fee | 6.63% to 225% APR , 5% origination fee | 300%-750% APR, 10-15% fee for every 100$ borrowed |
| Collateral or guarantor | Not needed in most cases | Not needed | Not needed |
As you can see, personal loans are different from installment loans only by the amount you can borrow, with both having the same terms and other conditions. The difference with a payday cash advance is much bigger. It concerns both sums and terms. Payday APR is higher while the repayment period is considerably shorter. It’s up to you to decide how much you need and when you can pay it off. If you are still unsure, we’ll be glad to help you compare all these types of credit and the lenders offering them.
What are the terms and amount of a Personal loan?
Personal loans can be applied for in amounts such as $5,000, $10,000, and even up to $35,000. In case you need less money– choose an Installment or Payday type loan.
Personal loans are a long-term cash advance. The repayment period ranges from 6 to 60 months. The sums are fixed and usually equally scheduled. If you happen to pay back all the money earlier, there are no prepayment penalties and you’ll be able to reduce additional fees. But it is better to check these conditions in the agreement before signing.
How do I qualify for a loan?
You can have up to $15000 in cash advance deposited into your bank account as soon as 24 hours. To qualify for a loan, you only need to:
- be at least 18 years of age
- live and work in the United States
- have a bank account under your personal name
- have a stable income that ensures your ability to make monthly payments to pay off the loan
What is really nice about personal loans is that all factors will be considered. And for those of you who have a bad credit history, there’s a good chance of getting a loan. 80% of our applicants get successfully approved. All loan requests are confidential and safe. Applying is free and doesn’t affect your credit history.
Can I get a Personal Loan if my credit score is bad?
When it’s decided whether or to approve you for a personal loan, it’s necessary to learn how risky of a barrower you are. To measure it, the lenders check your credit score. A credit score “is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual”1.
90% of lenders rely on your FICO (Fair Isaac Corporation) score. It’s based solely on your credit report and is determined by such factors as payment history, current amount of money you owe, types of credit used, length of credit history, and new credit accounts. It ranges between 300 and 850 and divides all the borrowers into 5 groups:
| Credit title | Poor | Fair | Good | Very good | Exceptional |
| Credit score | 300-579 | 580-669 | 670-739 | 740-799 | 800+ |
| What does it mean? | You may be rejected. Or you may need to pay a fee or a deposit. | To get approved may be rather difficult and the rates are likely to be higher | You are an “acceptable” borrower | You may get better interest rates from lenders | You will be easily approved for a loan |
If your credit history is far from perfect, borrowing money may turn out to be a problem as banks and many other organizations require your score to make sure you are an eligible candidate. In the case of personal loans, as well as payday and installment loans, this one criterion is not that important. Of course, lenders have the right to check your credit, but they will consider your application regardless of your credit score. The point is that the better score you have, the more money you can get for the smaller APR. Some people take a personal loan in order to raise the level of their credit history.
How the process works:
To solve all your financial problems you just need to take 3 easy steps:
- You select the amount you want from $5,000 up to $35,000
- Enter your zip code and e-mail address
- Click “Apply now”
The application doesn’t involve any obligations to accept a loan offered to you. There is no prepayment; it’s absolutely free. Be sure all your personal information is protected!
As we redirect it to the direct lender, you have to fill in the following information about yourself:
- residential address
- bank account information
- any additional information that is required by the lender
All the personal data you submit is completely secured, so you don’t have to worry about identity or information theft at all.
Once the application is received, they will review it and approve or reject you. Lenders will examine your credit score and income. Then they might require a cosigner or ask you to put up a collateral, like a house, if your score is too low.
If you are approved, you’ll be sent another e-mail with the terms and rates from the lender’s website. Then you decide whether you want to borrow from that lender or not. The last step is that the cash is deposited into your account. It’s completely risk-free.
Do I need a guarantor or collateral?
No. Personal loans are unsecured, which means our direct lenders don’t require either a guarantor or collateral. You don’t have to ask your friends or relatives to sign up for you and you don’t have to sacrifice any of your property to pledge a security for loan repayment. Still, you need to be careful and read the agreement closely before signing as some companies may have different conditions.
How do I repay a personal loan?
The convenience and easiness of a personal loan is in the fixed arranged repayments. You know how much and when you are to pay in advance. And if you are prepared for expenses, you will be able to calculate them accurately and do so on time.
Then there is a chance to pay off the money earlier without any prepayment penalties.
In the case that you miss a payment or default a loan, your credit score may suffer and you may get receive some penalties, or even come under the control of some debt collecting agencies. They are forbidden to take any criminal actions against you, but it can still be unpleasant to receive their constant phone calls. Be careful! Remember, your rights are preserved. For any question or complaints, contact the Consumer Protection Financial Bureau (CPFB) (855) 411-2372 2.
Advantages of personal loans.
You must have already noticed a great number of advantages personals loans possess. There are even more of them when using COMPACOM:
- The opportunity to compare more than 300 direct lenders both online and in-store
- Up to $35,000 cash in your account within 24 hours
- Easy to manage fixed payments
- No collateral
- No guarantor
- Suitable for borrowers with a bad credit history
- Can be used for any of your personal needs.
Personal loans online or in-store near you?
One can take out a Personal loan both online and in-store, depending to their preferences. The most obvious difference is that in-store lenders present a shop front, where customers can physically walk in and obtain money by having face-to-face communication. There is always a real person there to answer any of your questions and help with any problems you may have. Some lenders may ask you to bring some documents from your work or bank and may ask you 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 personal loan lender may be the right decision for those who are taking a personal loan for the first time, feel unconfident, or lack information.
If you already have some experience with borrowing money or are good at surfing the Net and doing research, online lending will definitely suit you. In this modern age of technology and the Internet, the majority of people order food, buy clothes, book tickets, etc. online. It is not hard to borrow money online. No doubt, it’s faster, easier, and more convenient in most cases. If you fill out a free application online, it doesn’t affect your credit history since it doesn’t imply a hard check. And in a few minutes, you are connected to the direct lender. If you get approved, you get the money into your account in less than 24 hours.
Or you can use the services of a lending broker company that will provide you access to many lending organizations so that you can choose from them. Or, which seems to be the best way, use our COMPACOM website to get the chance to compare both online and in-store lenders near you- in your city or in your state - and decide whose rates and conditions suit you the best.
- the interest rates and APR
- the total amount owed
- the deadline of repayment
- any penalties in case of defaulting a loan
The minute you apply, you can stop worrying. You know that your application is safe and secure. And the whole process is easier than you can imagine.
Personal Loans by State
1. www.usa.gov/credit-reports
2. www.consumerfinance.gov
You are about to post a question on compacom.com: