How We Rate the Best Payday Loans Services

How We Rate the Best Payday Loans Services

Lending Bear

Lending Bear operates as a sister company to Speedy Cash – one of the lenders that pioneered this industry. Their offer includes online payday loans and in-store cash advances. Their offer includes online as well as in-store payday loans. An excellent score (4.9/5) on Google Reviews and an A+ rating on the Better Business Bureau solidifies their spot among the best payday loan brands in the US.

Amscot Cash Advance

Amscot is one of the leading non-bank financial brands in Florida. The first storefront was opened in 1989 in Tampa. Among other services, they offer top-notch Florida payday loans at very competitive rates. Forbes Magazine named them one of the best midsize employers for 2017.

The world of payday loans is filled with shady dealers, con artists, and swindlers. They prey on the gullible and take advantage of those in dire straits. To help you avoid the well-camouflaged traps of the “notorious” fine print, we’ve chosen the creme de la creme of the industry.

Reputation and Complaints

All of the brands on our list have a long-standing tradition, and amazing reviews to boot. In our pursuit of the best place to get a pay day loan , we’ve vetted dozens of companies, to present you with the ones that users on Trustpilot and other third-party websites have Tennessee title and payday loans Morristown rated as excellent. Our research makes this arguably the most legitimate online payday loans list you’ll find.


Not all payday loans are legal, and some states prohibit them altogether. To stay on the right side of the law, we recommend using only legal and compliant services that respect state laws.

APR Rates and Fees

All the companies on our list have reasonable average annual percentage rates (APR) and no hidden fees. A word of caution – you should never pay fees before getting approved, and under no circumstances should you accept an APR above what is allowed by the state you’re in.

Repayment Times and Terms

All the safe online payday loans we’ve chosen for you have transparent and reasonable repayment times. Since these are short-term loans, all the companies would require you to pony up in 14 to 35 days. When paying the lenders back, you are usually presented with several options:

  • Writing a postdated check for the full amount (fees and interest included)
  • Authorizing the lender to access your account electronically and deduct the full amount on the due date
  • Paying back in installments

Availability and Convenience

People who find themselves in a tough spot always want to resolve their problems as fast as humanly possible, that’s why we’ve included only the best online payday loans providers on the market. That said, most of them have brick-and-mortar stores in over 20 states too.

Then, as a rule, the companies providing the best online payday loan options make an effort to make the application process as simple as possible. Borrowers only need to visit the respective website, with the option to apply usually prominently displayed on the home page.

Approval Time and Funds Transfer

Approval times are lightning-fast, so you’ll know if you got the loan in a matter of minutes. Borrowers who choose to apply in a store will get their money immediately, while online applicants usually have to wait between 12 and 24 business hours. Customers can collect their cash in person or have it wired to their bank account.

Is Everyone Eligible for a Payday Loan?

The top payday loans companies are only available in 33 states, making their services unavailable or illegal in the rest of the US. To procure a loan, the borrower must have an open and active checking account, proof of income, a valid phone number, and they must be of legal age (18 in most states). Most active military personnel aren’t eligible for a payday loan, since the Military Lending Act (MLA) has a 36% cap on interest rates for short-term loans.

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